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of
more than 30 million
best bank
What do
customers
in indonesia
have in Common?
THE
5,400ATMs1,769
MorE THAn
THE supporT of ovEr
pErsonnEl
opErATing uniTs
ANNUAL REPORT 2008
SERVING
FROM ALL WALKS OF LIFECUSTOMERS
OVER PRODUCTS AND SERVICES50113EXPERIENCE OF YEARS
Table of Contents
01 BRI in Brief and Milestones
02 Vision, Mission, Objective & Company
Values
04 Financial Highlights
05 Information to Shareholders
11 Ratings of BRI in 2008
12 2008 Significant Events
14 Awards 2008
15 Thirty Million Customers of BRI,
Growing and Prospering Over Time
18 Report of the President Commissioner
21 Board of Commissioners
22 Report of the Board of Directors
29 Board of Directors
30 Organisational Structure
34 Comparative Data between BRI and the
National Banking Sector
36 Management Discussion and Analysis
of the Company’s Results of Operations
and Financial Condition
44 Report on Corporate Governance
72 Press Release 2008
73 Corespondence with the Indonesia
Stock Exchange in 2008
76 Business Target Achievements in 2008
76 Micro, Small and Medium Sized
Business
82 Consumer Business
86 Commercial Business
88 Institutional Business
90 International Business And Treasury
94 Risk Management
100 Human Resources Management
104 Information Technology
106 Network and Services
108 Corporate Social Responsibility
114 Profile of the Board of Commissioners
118 Profile of the Board of Directors
123 Senior Managers
125 Products and Services
126 Networks
128 BRI Network and Addresses
144 Statement of Responsibility for Financial
Reporting
147 Financial Statements
273 Subsidiary Company
274 Corporate Information
275 Contact Address
Annual Report 2008 Bank Rakyat Indonesia
1.
BRI in Brief and Milestones
PT Bank Rakyat Indonesia (Persero) Tbk. (“BRI” or the
“Bank”) is one of the largest and oldest banks in Indonesia,
founded on 16 December 1895.
Starting from an association that managed simple saving-
and-loan fund of a Mosque for the local community, a
small financial firm by the name of De Poerwokertosche
Hulp en Spaarbank der Inlandsche Hoofden was formed
on that date in Purwokerto, Central Java, as the embryo
that would eventually evolve into Bank Rakyat Indonesia.
Over time, the small firm that was the brainchild of Raden
Aria Wiriaatmadja continued to flourish, meeting the
needs of the community. Over the course of its existence,
the name of the firm had been changed several times,
from the Hulp-en Spaarbank der Inlandsche Bestuurs
Ambtenareen to De Poerwokertosche Hulp Spaar-en
Landbouw Credietbank (Volksbank), Centrale Kas Voor
Volkscredietwesen Algemene in 1912 and Algemene
Volkscredietbank (AVB) in 1934. During the Japanese
occupation, AVB was changed into Syomin Ginko.
Upon the independence of Indonesia, the Indonesian
Government changed the name back into Bank Rakyat
Indonesia (taken from Volksbank) on 22 February 1946.
Based on Government Regulation No. 1 of 1946, BRI
became the first state-owned bank of the Government of
the Republic of Indonesia.
As a state-owned bank, BRI played a central role in
pursuing the vision of the government to develop the rural
economy. In 1960, the government changed the name
of BRI into Bank Koperasi Tani dan Nelayan (Farms and
Fisheries Cooperative Bank). Pursuant to Law No. 21 of
1968, the government restored the name of Bank Rakyat
Indonesia which by then had become a commercial bank,
and pursuant to the Banking Law No. 7 of 1992, BRI
changed its name and legal entity into PT Bank Rakyat
Indonesia (Persero). With a focus on the Micro, Small
and Medium Enterprise (MSME) segment, BRI has since
inspired others to the MSME economic sector as the
backbone of the national economy.
On November 10, 2003, BRI became a publicly held
company with the listing of 30% of its shares in what is
now the Indonesia Stock Exchange (IDX), with the ticker
code of BBRI, which is currently part of the LQ45 equity
index, making it one of the shares that are included in the
measurement of the IDX composite shares price index, the
Jakarta Composite Index (JCI).
During the past two years, through the committed efforts
and aggressive marketing programs throughout BRI’s
vastly extensive branch network, BRI was able to grow
rapidly in terms of total assets, loans outstanding, third
party funds, profit from operations, with assets quality that
are well-maintained.
As of 31 December 2008, the BRI’s customer base
reached approximately 30 million accounts that comprised
of individual customers, micro and small-scale businesses,
medium to large-scale businesses, and private as well as
government institutions. The growth of credit was 41.36%
in 2008, whereas third party funds grew by 21.70%. As
at year-end 2008, BRI had more than 5,400 Operating
Units that comprised of Regional Offices, Branch Offices,
Sub-branch Offices, Cash Offices, and BRI Units (Micro
Outlets). In several of its Branch Offices, BRI also provides
the BRI Priority service for preferred customers.
For its electronic banking network, BRI currently operates
a proprietary network of 1,796 ATM plus more than 35,000
ATM through the ATM LINK, ATM Bersama and ATM
Prima networks, as well as the 24-hour phone banking and
SMS Banking services.
As of 31 December 2008, the Government of Indonesia
held 56.79% shares of BRI with the remaining shares
held by public investors. The shares capitalisation of BRI
as at year-end 2008 was Rp55.85 trillion, accounting for
approximately 5.56% of the total market capitalization of
the Indonesia Stock Exchange.
Annual Report 2008 Bank Rakyat Indonesia
2.
VisionTo Become a Leading Commercial Bank that Always Prioritises Customer Satisfaction
MissionTo achieve the vision, BRI has decided on three missions that have to be undertaken,
namely:
• BRI provides the best banking operation by prioritising services for Micro, Small and
Medium Businesses in order to support people’s economy.
• BRI offers premium services to customers through a network that are spread all over
Indonesia and supported by professional human resources who implement Good Corporate
Governance.
• BRI creates value and produces optimal benefits to all stakeholders.
Vision, Mission, Objective & Company Values
Annual Report 2008 Bank Rakyat Indonesia
3.
Corporate Cultures
BRI espouses the corporate values that form the
foundation for the thinking, action and behaviour of
every individual at BRI, inherent in a corporate culture
and projecting a solid and strong character of the Bank.
These values are integrity, professionalism, customer
satisfaction, leadership, and respect for the individual.
As a publicly held company, BRI is fully committed
to comply with all prevailing laws and regulations
pertaining to banking and the capital markets. This
has induced BRI to always champion the cause
for prudential banking as well as the interests of
stakeholders.
This commitment is also manifested in the form of
Corporate Governance as follows:
• Intensifying the program to instil awareness of risk
and a culture of compliance for every employee at
all BRI Operating Units.
• Intensifying improvements to service quality in all
Operating Units;
• Extrapolating and monitoring each progress made
by the bank into an activities log book that are
easily measurable and accountable for all Operating
Units;
• Implementing a policy of rewards and punishments
that is firm and just.
Business Strategy
BRI has formulated the Bank’s Business Plan for
the period of 2009-2011, as parts of its long-term
development plan. The business strategy of BRI in the
short and medium term is broken down as follows:
• The business development of BRI that is supported
by the increase in the quantity and quality of
professional personnel, product features, services,
and the support of an information technology
system that is reliable and for the following
applications:
- The growth of credit that focuses on the
financing of the MSME sectors while still
adhering to prudential banking principles.
- The growth of third party funds that are
dominated by low-cost funding with a minimum
composition 60%.
• Instilling a risk-aware culture and implementing a
micro management system that is effective among
all the Operating Units of BRI.
• Strengthening of the Banks equity base to support
business growth.
• Expanding the service networks by adding Branch
Offices, Sub-Branch Offices, Cash Offices, BRI
Units as well as electronic channels, such as the
Automated Teller Machines (ATM), Cash Deposit
Machines (CDM) and Electronic Data Capture
(EDC) in order to extend the reach of services.
• Enhancing the marketing communications for
each product and service category in line with the
corporate marketing strategy such that BRI will
also be able to increase its sales and create the
corporate image of BRI in the public minds.
Annual Report 2008 Bank Rakyat Indonesia
4.
2008 2007 2006 2005 2004
Balance SheetsTotal Assets
Total Earning Assets
Loans – Gross
Government Recapitalisation Bonds
Third Party Funds
- Demand Deposits
- Savings
- Time Deposits
Other Interest Bearing Liabilities
Equity
246.07
228.78
161.11
16.35
201.54
39.92
88.08
73.54
7.60
22.36
203.74
169.09
113.97
18.22
165.60
37.16
72.30
56.14
6.26
19.44
154.76
139.04
90.28
18.45
124.47
27.86
58.31
38.30
6.04
16.88
122.78
111.48
75.53
17.72
97.05
17.38
49.37
30.29
5.60
13.35
107.04
97.96
62.37
22.69
82.40
13.36
44.57
24.47
6.38
12.45
Profit/LossInterest Income:
- With Government Recap Bonds Interest
- Without Government Recap Bonds Interest
Net Interest Income
- With Government Recap Bonds Interest
- Without Government Recap Bonds Interest
Other Operating Income
Other Operating Expenses
Total Provision for Possible Losses
Income Before Tax
Net Income
Earnings per Share (Rp)
28.10
26.15
19.65
17.70
2.54
(11.00)
(2.84)
8.82
5.96
497.00
23.24
21.22
16.70
14.68
1.82
(9.02)
(1.94)
7.78
4.84
403.64
21.07
18.73
13.77
11.43
1.51
(7.65)
(1.85)
5.91
4.26
355.62
17.25
15.08
12.43
10.25
0.73
(7.44)
(0.40)
5.61
3.81
307.00
15.53
12.69
11.26
8.41
1.45
(6.09)
(1.33)
5.73
3.63
307.00
Financial Ratio (in percentage)Capital
Capital Adequacy Ratio (CAR)
Fixed Assets to Capital
Earning Assets
Non-Performing Earning Assets
Non-Performing Loans (NPL)
Allowance for Possible Losses for Earning Assets
Compliance for Allowance for
Possible Losses for Earning Assets
Profitability
ROA (Return on Assets)
ROE (Return on Equity)
NIM (Net Interest Margin)
Operating Expenses/Operating Income
Liquidity
LDR (Loan to Deposit Ratio)
Compliance
Violation on Legal Lending Limit (LLL)
- Related Parties
- Third Parties
Excess of Legal Lending Limit (LLL)
- Related Parties
- Third Parties
Statutory Reserve
Net Open Position
13.18
24.13
2.18
2.80
3.75
150.20
4.18
34.50
10.18
72.65
79.93
0.00
0.00
0.00
0.00
5.57
13.55
15.84
26.14
2.22
3.44
4.05
161.20
4.61
31.64
10.86
69.80
68.80
0.00
0.00
0.00
0.00
22.09
7.90
18.82
29.03
3.06
4.81
4.80
155.97
4.36
33.75
11.16
74.38
72.53
0.00
0.00
0.00
0.00
12.34
5.41
15.29
32.11
3.20
4.68
4.85
176.62
5.04
38.00
12.18
70.83
77.83
0.00
0.00
0.00
0.00
9.55
5.23
16.19
31.73
2.76
4.19
5.28
225.24
5.77
42.76
12.16
68.86
75.69
0.00
0.00
0.00
0.00
9.39
10.77
Note:• Including market risk since 2004• Year 2007 : Balance Sheet is a consolidated financial statement with subsidiary (PT Bank Jasa Arta)• Year 2008 : Balance Sheet and Profit-and-Loss data are consolidated with those of PT Bank Syariah BRI (formerly PT Bank Jasa Arta)
Financial Highlights
(in trillion Rupiah, except earnings per share)
Annual Report 2008 Bank Rakyat Indonesia
5.
Information to Shareholders
BRI’s Share Performance in 2008
In 2008, in line with the collapse of the world’s stock
markets due to the global financial crisis, BRI shares,
which opened at Rp7,400.00 per share and closed the
year at Rp4,575.00 per share, declined by 38.18%.
However, this declined was still below that of the
Jakarta Composite Index, which felt by as much as
Quarterly Share Price
50.58% from 2,731.51 on 2 January 2008 to 1,355.41
on 30 December 2008. Throughout 2008, the price of
BRI share moved in a broad range, reaching its peak of
Rp7,800.00 on 9 January and 14 January 2008, and its
lowest level of Rp2,400.00 on 21 November 2008.
Movement of Price and Transaction Volume of BRI Shares in 2008
Calendar Year
Share Price Number of Shares
Outstanding(share)
Transaction Volume(share)
Frequency(times)
Transaction Value
(Rp trillion)
Market Cap
(Rp trillion)Open(Rp)
High(Rp)
Low(Rp)
Close(Rp)
2007
Quarter I
Quarter II
Quarter III
Quarter IV
5,150
5,150
5,050
5,750
6,600
8,700
5,450
6,500
7,050
8,700
4,400
4,400
5,050
5,100
6,600
7,400
5,050
5,750
6,600
7,400
12,317,800,500
12,287,616,500
12,303,602,500
12,309,493,500
12,317,800,500
3,352,241,000
857,282,500
796,783,500
960,342,500
737,832,500
103,589
28,704
21,851
24,154
28,880
19.93
4.29
4.47
5.56
5.61
90.27
61.46
70.07
80.47
90.27
2008
Quarter I
Quarter II
Quarter III
Quarter IV
7,400
7,400
6,300
5,100
5,400
7,800
7,800
6,950
6,450
6,325
2,400
5,250
4,650
4,575
2,400
4,575
6,300
5,100
5,400
4,575
12,325,299,500
12,318,935,500
12,319,892,000
12,322,809,000
12,325,299,500
4,735,576,500
736,724,500
1,204,170,500
1,120,328,500
1,674,353,000
230,412
31,385
55,078
52,644
91,305
23.9
4.98
6.76
6.20
5.96
55.85
76.87
62.23
65.91
55.85
90,000,000
80,000,000
70,000,000
60,000,000
50,000,000
40,000,000
30,000,000
20,000,000
10,000,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
Volume (left) Price (right)
Annual Report 2008 Bank Rakyat Indonesia
6.
Dividend Policy
In the Annual General Meeting of Shareholders (AGMS)
2008, the amount of cash dividends paid out for
the accounting year of 2007 was set at Rp2,419.00
billion or Rp196.34 per share, which was paid to the
shareholders on 7 July 2008.
Cash dividends in 2007 increased by 13.63% from
those of 2006, which amounted to Rp2,128.78 billion
or Rp173.04 per share. The dividend payout ratio for
2007 was 50% of net profit.
BRI Dividend Payments
Accounting Year
Net Income(Rp Billion)
Dividend(Rp Billion)
Dividend per
Share (Rp)
Dividend Payout
Ratio (%)
2003
2004
2005
2006
2007
2,579
3,633
3,808
4,257
4,838
990.47*
1,816.61
1,904.29
2,128.78
2,419.00
84.19
152.93
156.18
173.04
196.34
75.01
50.00
50.00
50.00
50.00
*) from the net income of second semester (1 July 2003 - 31 December 2003) amounting to Rp1.32 trillion, first semester profit was capitalized into equity.
Shareholder Information
Corporate Action of 2008
The BRI Annual General Meeting of Shareholders
(AGMS), held on Monday, 26 May 2008, have decided
the following issues:
First Agenda
Approved and Ratified:
1. The Bank’s 2007 Annual Report which includes the
report of the Board of Directors, the supervisory
duties of the Board of Commissioners and the
Financial Statements for the year ending 31
December 2007 which had been audited by the
Public Accounting Firm of Prasetyo, Sarwoko
and Sandjaja, and gave full release and discharge
(acquit et de charge) to the Board of Directors and
the Board of Commissioners for their management
and supervision during the financial year ending
31 December 2007 provided that their actions are
not categorized as a criminal act and are reflected
in the Company’s financial report.
2. Report on the Partnership and Community
Development Program (Program Kemitraan dan
Bina Lingkungan/PKBL) for the financial year
ending 2007 which had been audited by the Public
Accounting Firm of Herman Dody Tanumihardja
& Rekan and gave full release and discharge
(acquit et de charge) to the Board of Directors and
Board of Commissioners for their management
and supervision of the PKBL, provided that their
actions are not categorized as a criminal act and
are reflected in the Company’s reports on the
Partnership and Community Development Program.
Second Agenda
1. To determine the appropriation of net profit of
the Company for the period of 1 January to 31
December 2007 as follows:
- 50% or Rp2,419,000,552,302 will be
distributed as cash dividends to the
shareholders in accordance with the prevailing
regulations. With the MSOP phase I, II and III,
provided that stock options from the MSOP
phase I, II and III have all been exercised
before or on the date at which the shares can
be included in cum dividend shares, with a
minimum cash dividend per share of Rp195,82.
- 20% or Rp967,600,220,921 will be for the
Company’s general reserves pursuant to Law
No 40 of 2007 on Limited Liability Company.
- 20% or Rp967,600,220,921 will be for the
Company’s specified reserves.
Annual Report 2008 Bank Rakyat Indonesia
7.
- 4% or Rp193,520,044,184 will be for the
Community Development Program (Program
Bina Lingkungan)
- 6% or Rp290,280,066,276.31 will be allocated
to Retained Earnings.
2. To grant the rights and authorities to the Board
of Directors to determine the schedule and the
procedure of cash dividend payments for the
year 2007 in accordance with prevailing laws and
regulations.
Third Agenda
1. Ratified the Tantiem (Bonus) for the Board of
Directors, the Board of Commissioners and the
Secretary of the Board of Commissioners for the
year ending 31 December 2007, amounting to
0.81% of the net profit for said financial year which
will be paid from the allowance for Tantiem in the
year 2007 based on the Indonesian Accounting
Standard no. 24. The authority to distribute
the Tantiem will be determined by the holder of
Dwiwarna series A share (Golden Share). Tax of the
Tantiem will be paid by tantiem’s receivers.
2. Ratified an increase of salary/honorarium for the
Board of Directors, the Board of Commissioners
and the Secretary of the Board of Commissioners,
amounting to 21.95% of the salary/honorarium
which had been ratified in the General Meeting of
Shareholders on 22 May 2007, rounding up to the
nearest million. The proportion of salary/honorarium
for the Directors, the President Commissioner, the
Commissioners and the Secretary of the Board of
Commissioners are 90%, 40%, 36% and 15% of
the salary of the President Director, respectively,
effective 1 January 2008.
Fourth Agenda
1. To appoint the Public Accounting Firm of
Purwantono, Sarwoko & Sandjaja to audit the
Company’s financial statements for the financial
year ending 31 December 2008, and to grant
the authority to the Board of Commissioners to
determine the fees of the Public Accountants and
other requirements in accordance with prevailing
regulations.
2. To appoint the Public Accounting Firm of Herman
Dody Tanumihardja & Rekan to audit the financial
statements on the PKBL for the financial year
ending 31 December 2008, and to grant the
authority to the Board of Directors to determine
the fees of the Public Accountants and other
requirements in accordance with prevailing
regulations.
3. To grant Power of Attorney:
- To the Board of Commissioners to
appoint another Public Accounting Firm in
place of the appointed Public Accounting Firm
to audit the Company’s financial statements
for the year 2008 including fees and other
requirements in accordance with prevailing
regulations should the appointed Public
Accounting Firm could not perform its audit
duties for whatever reasons.
- To the Board of Directors to appoint another
Public Accounting Firm in place of the
appointed Public Accounting Firm to audit
the Company’s PKBL financial statements
for the year 2008 including fees and other
requirements in accordance with prevailing
regulations should the appointed Public
Accounting Firm could not perform its audit
duties for whatever reasons.
Annual Report 2008 Bank Rakyat Indonesia
8.
Fifth Agenda
To give the authority to the Board of Commissioners
to approve additional paid-up capital of the
Company with regards to the exercise of the
Management Stock Option Plan (MSOP) that had
been decided on the Company’s General Meeting
of Shareholders.
Sixth Agenda
a. To approve all changes in the Company’s Articles
of Association including but not limited to the
amendment of Law No. 40/2007 on Limited Liability
Company and Bapepam-LK’s Regulation No. IX.J.I
on the principles of the Articles of Association
of Company’s that undertake public offering of
equities and public listed companies.
b. With respect to the above changes in the Articles
of Association, to give the power and authority to
the Board of Directors collectively or individually
using substitute rights to ask for the approval of,
and report the changes in the Company’s Articles
of Association to, the relevant authorities, and
subsequently state and arrange the amendments,
changes or improvement needed with authentic
notarial deed before a notary, if required by the
relevant authorities and/or prevailing laws and
regulations, to make or request the making
of, and sign all of the certificates, letters and
documents needed, being present before the
relevant authorities, submitting a request to the
relevant authorities or reporting the above matters
to the relevant authorities pursuant to the laws and
regulations and undertake all necessary steps that
are deemed useful in connection with the changes
in the Company’s Articles of Association.
Chronology of Share Listing
Shares issued by BRI are the Dwiwarna Series A Share
(Golden Share) and the Series B Shares. Bank BRI
only issues 1 (one) Golden Share possessed by the
Republic of Indonesia, which is not transferable to any
other party.
The special rights granted to the holder of the Golden
Share are:
1. Nominate members of the Board of Directors and/
or members of the Board of Commissioners of the
Company.
2. Approve the appointment and termination of
members of the Board of Directors and/or the
Board of Commissioners.
3. Approve amendments to the Articles of Association,
including changes in capital.
4. Approve the consolidation, merger, acquisition and
spin off of the Company, bankruptcy filing, and the
liquidation of the Company, and/or
5. Request report and explanation on certain issues
from the Board of Directors and the Board of
Commissioners with due consideration to prevailing
rules and regulations, especially those of the Capital
Market.
By virtue of the Decree of the Chairman of the Capital
Market Supervisory Agency No. S-2646/PM/2003
dated 31 October 2003, the Statement of Registration
by BRI in the event of its Initial Public Offering of Shares
became effective. The IPO pertained to the offering
of 2,047,060,000 (two billion forty-seven million and
sixty thousand) of Series B Shares, which represent
the divested shares of the Republic of Indonesia, in
addition to 1,764,705,000 (one billion seven hundred
sixty-four million seven hundred and five thousand) of
newly issued Series B Shares by the Company, at a
nominal value of Rp500 (five hundred rupiah) per share.
Annual Report 2008 Bank Rakyat Indonesia
9.
The shares began to be traded on 10 November 2003;
and were simultaneously listed on the Jakarta and
Surabaya stock exchanges.
Subsequently, options on over subscription amounting
to 381,176,000 Series B Shares and over allotment
amounting to 571,764,000 Series B Shares, both
belonging to the Republic of Indonesia (divestments)
at the strike price of Rp875 (eight hundred seventy-five
rupiah) per share had been exercised on 10 November
2003 and 3 December 2003, respectively.
Management Stock Option Program (MSOP)
In the Extraordinary General Meeting of Shareholders
on 3 October 2003, the Company decided to carry
out a Management Stock Option Program (MSOP).
In this program the number of stock issued reached
588,235,250 with the following allocation:
Phases
of
MSOP
Number of
Shares
MSOP
(share)
Percentage
Date of
Option
Issuance
Exercise Price
per Share
Phase I 235,294,100 40% 10 Nov 2003 Rp962.50
Phase II 235,294,100 40% 10 Nov 2004 Rp1,750.00
Phase III 117,647,050 20% 10 Nov 2005 Pursuant to
Bapepam-LK
& IDX
Total 588,235,250
MSOP Execution
The MSOP was executed in 3 (three) phases: MSOP I,
MSOP II and MSOP III. The execution of MSOP I
and MSOP II were based on earlier Capital Market
Supervisory Board and JSX (now IDX) regulations; while
MSOP III was based on the Regulation of the Capital
Market Supervisory Board No. IX.D.4 and Regulation
on Securities Listing Procedures No. 1-A Attachment.
The Decree of the Board of Directors of the Jakarta
Stock Exchange No. Kep-305/BEJ/07-2004. The
vesting period for all MSOPs were up to one year after
the commencement date. MSOP I and MSOP II could
be exercised at any time following the vesting period,
up until the maturity date of each MSOP phase.
The exercised MSOP shares up to 31 December 2008,
amounted to 560,594,500 shares.
MSOP
Phases
Number of
MSOP
Shares
(share)
Shares
Exercised
in 2007
(share)
Shares
Exercised
in 2008
(share)
Shares
Exercised
up to end of
2008
(share)
Phase I 235,294,100 230,201,000 798,000 230,999,000
Phase II 235,294,100 225,734,000 1,207,500 226,941,500
Phase III 117,647,050 97,160,500 5,493,500 102,654,000
Total 588,235,250 553,095,500 7,499,000 560,594,500
The exercise period of MSOP I ended on 9 November
2008. As at the end of the exercise period, a total of
4.3 million shares had not been exercised.
Specific to the exercise of Phase III of the MSOP, which
runs until the end of 2008, the details are as follows:
Periods of MSOP III
Exercise PeriodExercised Price (Rp)
Number of Shares Exercised
(share)
Period 1
Period 2
Period 3
Period 4
Period 5
15 Nov - 27 Dec 2006
8 Jun - 19 Jul 2007
15 Nov - 19 Jul 2007
10 Jul - 14 Aug 2008
3 Dec - 24 Dec 2008
4,450
5,188
6,385
4,572
2,907
76,478,000
13,581,000
7,939,000
2,828,500
1,827,500
Annual Report 2008 Bank Rakyat Indonesia
10.
Shares Ownership
Compared to 2007, as at year-end 2007, the number
of BRI’s shares outstanding increased by 0.061%, from
12.32 billion to 12.33 billion shares. The increase was
attributed to the subscription of additional shares from
the exercise of the MSOP during the year. Along with
the increased number of outstanding shares, there was
a dilution of the Government shareholding of BRI, from
56.83% as at year-end 2007 to 56.79% at year-end
2008.
Share Ownership of BRI
Category ofShareholders
Number of Shareholders Number of Shares Percentage
2008 2007 2008 2007 2008 2007
The Government of the
Republic of Indonesia
1 1 7,000,000,000 7,000,000,000 56.79% 56.83%
Public
Domestic Investor
Individual
Employee
Regional Government
Institution
Foreign Investor
Individual
Institution
10,574
9,943
3,988
5,529
1
425
631
25
606
8,845
8,331
2,201
5,755
1
374
514
9
505
5,325,299,500
1,129,266,422
66,975,650
86,169,500
159,000
975,962,272
4,196,033,078
1,778,000
4,194,255,078
5,317,800,500
762,530,967
50,852,650
87,260,000
159,000
624,259,317
4,555,269,533
287,000
4,554,982,533
43.21%
9.16%
0.54%
0.70%
0.00%
7.92%
34.04%
0.01%
34.03%
43.17%
6.19%
0.41%
0.71%
0.00%
5.07%
36.98%
0.00%
36.98%
Total 10,575 8,846 12,325,299,500 12,317,800,500 100% 100%
Note: In 2008 there were no public shareholders that held more than 5% of BRI shares.
Use of the Proceeds from Initial Public Offering
The following information sets forth the details of the
use of the proceeds from the Bank’s Initial Public
Offering (IPO) of shares in the amount of Rp1.47 trillion,
pursuant to what was stated in the IPO prospectus, as
follows:
• A total of 60% or approximately Rp883 billion
was allocated for the upgrading of the Bank’s
information reporting system and the roll-out of the
core banking application system;
• A total of 30% or approximately Rp441 billion for
the expansion of the Bank’s branch office and BRI
Unit network;
• A total of 10% or approximately Rp147 billion for
the financing of future growth prospects, research
and development, loan disbursement and other
financing.
As at year-end 2008, a total of 89.14%, or
approximately Rp1.31 trillion of the IPO proceed
allocation had been realised, as follows:
• A total of Rp723.36 billion for the upgrading of the
information reporting and core banking systems;
• A total of Rp441.63 billion for the expansion of
branch office and BRI Unit network;
• A total of Rp147.21 billion for the development of
future growth prospects.
Annual Report 2008 Bank Rakyat Indonesia
11.
MOODY’S
National Rating
- National Scale Rating Aaaid
Global
- Outlook Stable
- Domestic Currency Long Term Deposit Baa2
- Foreign Currency Long Term Deposit B1
- Foreign Currency Sub Debt Ba2
FITCH
National Rating
- Long Term AAA (idn)
Global
- Long Term Foreign Currency BB
- Short Term Foreign Currency B
- Outlook Stable
- Individual C/D
- Support Rating 3
- Support Rating Floor BB-
PEFINDO
Corporate ID AAA
Sub-Ordinated Bond ID AA+
The following table shows the ratings of BRI by three rating agencies: Moody’s, Fitch and PEFINDO.
Ratings of BRI in 2008
Annual Report 2008 Bank Rakyat Indonesia
12.
JULY
2008 Significant Events
Date Events
23 January 2008(Jakarta)
BRI and Holcim signed an MOU on providing the benefit of banking products and services for the business of home solutions.
22 February 2008(Jakarta)
Launch of BRI’s Micro KUR products
23 March 2008(Jakarta)
Social Donation by BRI in the form of 32,000 staple good packages for fishermen in the coastal areas of Jakarta, Bekasi and Karawang.
25 March 2008(Jakarta)
BRI cooperated with the Department of Forestry on the management of a revolving funds for the development of industrial forests.
11-18 May 2008(Jakarta)
BRI became the main sponsor of the Thomas-Uber Cup Championship event at the Istora Senayan stadium, Jakarta.
22 May 2008(Semarang)
To provide convenient service for the management of tuition fees of university students, BRI undertakes a cooperation with the State University of Semarang for the processing of student tuition via online banking.
26 May 2008(Jakarta)
Convening of the Bank’s Annual General Meeting of Shareholders in 2008.
28 May 2008(Jakarta)
Signing of the Working Agreement between the Financial and Development Supervisory Board (BPKP) and BRI in the management of the Expenditure Fund from the BPKP State Budget.
12 July–31 August 2008(Wonosobo)
The Simpedes Folks Festival commenced on the 12th of July, carried out in turns in 282 Branch Offices throughout Indonesia.
25
26
JAN
UA
RY
23
11-18
28
22FEB
RU
AR
Y
12
23MA
RC
H
22MA
Y
MA
RC
H
MA
Y
MA
Y
MA
Y
Annual Report 2008 Bank Rakyat Indonesia
13.
Date Events
15 August 2008(Jakarta)
Signing of the MOU between the State Ministry for the Empowerment of State Apparatus and BRI on the Management of Data on State Apparatus through Banking Services and the launch of the “Red and White” ATM Card.
27 August 2008(Jakarta)
Signing of the Working Agreement between PT Sumber Alfaria Trijaya (AlfaMart) and BRI for investment credit facilities to the franchisees of Alfamart.
28 August 2008(Jakarta)
Signing of the Working Agreement between the Department of Defence of RI with BRI in the management of funds of the State Budget for defence through the use of banking services.
11 September 2008(Jakarta)
BRI cooperated with PT Timah Tbk. in the use of banking products and services.
23 October 2008(Cirebon)
Founding of the Training Centre of Batik from the Royal Court of Kanoman Cirebon, in cooperation with the Nurani Budaya Indonesia Foundation as one of the programs of the BRI Platinum Credit Card, reflecting BRI’s commitment to promote the “Indonesia Heritage”.
25 November 2008(Jakarta)
Public Expose by BRI during the Investor Summit 2008 event at the Ritz Carlton Jakarta, Pacific Place.
17 November 2008 – 16 March 2009 (Jakarta)
Prize Draw of the Untung Beliung BritAma program, with the grand prize of a Range Rover and weekly prizes of 120 All New Nissan X-trail and 680 cash checks of Rp20 million each.
30 November 2008(Surabaya)
BRI together with Perum Perumnas undertake the socialization program for the subsidized KPR/KPRS home financing.
2 December 2008(Jakarta)
BRI organized an Exclusive Talk Show, the Andy F. Noya Forum, entitled “Facing the Impact of Second Waves Global Crisis”, at Ritz Carlton Hotel, Pacific Place.
27 28
12
15
11
17
23
230
AU
GU
ST
AU
GU
ST
AU
GU
ST
SEPT
EMB
ER
OC
TOB
ER
NO
VE
MB
ER
25
NO
VE
MB
ER
NO
VE
MB
ER
DE
CE
MB
ER
Annual Report 2008 Bank Rakyat Indonesia
14.
AWARDS 2008
Infobank Magazine
Best Performing Bank
Investor Magazine
Best Bank of 2008
Bisnis Indonesia Daily
Banking Efficiency Award,
SOE Bank Category
SWA Magazine
In Cooperation with Perbanas
& Synovate Consultants:
Consumer Banking Excellence
Award
Asiamoney
Best Domestic Bank in
Indonesia
ABFI Banking Award &
Perbanas
Best Banking Performance
2008
SWA & Stern Steward & Co
Best Public Companies Based
on Wealth Added Index,
Method, First in Banking
Category
Forbes Magazine:
Asian Fabulous 50
Bank BRI, the only company
from Indonesia to make it into
the Forbes Fabulous 50 list
Alpha Southeast Asia
Best Bank in Indonesia
MRI & Infobank Magazine
Third Best SMS Banking
Finance Asia
Best Bank in Indonesia
SWA and MARS Magazines
Indonesian Best Brand Award
and Prospective Brand
MRI & Infobank Magazine
The Rising Star Bank in Service
Excellence
Annual Report 2008 Bank Rakyat Indonesia
15.
Thirty Million Customers of BRI, Growing and Prospering Over Time
There are at least four key reasons why BRI has
approximately 30 million customers who rely on its
banking services that are truly rooted in the daily lives
of a broad segment of the public - much broader and
deeper than the banking service of any other major
bank in the country today - whether private or state-
owned banks.
First, BRI is deeply concerned about the economic
welfare and growth of the low-to-middle income group
people that still account for the majority of Indonesia’s
population of some 240 million people. This concern
is manifested among other things by the strong
emphasis that BRI places on the micro, small and
medium-sized enterprise (MSME) banking segment,
as well as the Bank’s active role in supporting the KUR
(People Business Loan) program that has recently been
promulgated by the government.
Second, BRI has been entrusted as one of the
state-owned banks to implement the government
cash management system through the Treasury
Single Account that aims to increase the efficiency of
managing the state budget cash flows through a single
bank account. This trust once again places BRI in the
forefront of public finance policies and implementation
that are beneficial to the interest of the general public.
Third, BRI has committed itself to be the primary
transactional banking conduit - the National Payment
Gateway bank of Indonesia - by relying on advanced
banking technology that is constantly upgraded, a
banking network that stretches to the far corners of
Indonesia, and a customer base that is unmatched by
any bank in the country today.
Fourth, BRI continues to expand and enhance the
service quality of its banking network which as at year-
end 2008 had comprised more than 5,400 Operating
Units, and counting. With a network of such breadth
and depth, BRI continues to solidify its position among
the 10 largest banks in Indonesia today, climbing to
being the second largest bank in terms of assets, and
the number one bank in terms of profitability in 2008.
BRI continues to develop and improve the service quality of its banking network which as at year-end 2008 had
comprised more than 5,400 Operating Units, and growing.
Big
and
Bou
ntifu
l
Micro, small and medium-sized enterprise (MSME)
businesses are the backbone of the national economy. It
is estimated that roughly half of the nation’s population
or approximately 120 million people depend their
livelihoods in one form or another to economic activities
related these MSME businesses.
Statistical data indicates that the total number of
MSME throughout Indonesia is approximately 48 million
business units. Merely 35% of that figure have access to
bank loans.
The growth potential of the MSME itself is actually
extraordinarily significant. The potential of this segment
to absorb the national workforce is also considerable,
and accounting for an estimated contribution of 53% to
the national Gross Domestic Product (GDP) output.
The problem is that so many of these MSMEs are
feasible businesses in their own right, but are not
bankable because they lack adequate collaterals, do not
maintain proper accounting or even rudimentary book-
keeping, or has no grasp whatsoever of the concept of
bank credit much less attaining one.
Aware of all this, the government has initiated a
breakthrough through the development of the People
Business Loan scheme, otherwise known as KUR. The
scheme is aimed at supporting the growth of Micro and
Small Businesses and Cooperatives, through bank loans
that are partially covered by credit insurance agencies.
As at year-end 2008, the nationwide disbursement of
KUR had reached over Rp12.6 trillion, encompassing a
total of 1,671,668 individual debtors. Of those figures,
BRI disbursed more than Rp9.2 trillion of KUR to
1,615,973 debtors. This means that, disbursement-
wise, BRI accounted for 73% of the KUR market share,
whereas in terms of number of debtors, BRI’s share
exceeded 95%.
KUR offers so many benefits to grass root economies,
strengthening the backbone and joints of the national
economy, generating income and growth for millions of
families, as well as profitability to the banking sector.
KUR - People Business Loan
Prior to the enactment of Law No. 1 of 2004 on State
Treasury, the government receipt and expenditure
accounts are scattered in numerous banks throughout
the country. This poses a problem for the government
to account for the exact amount of treasury at any given
time, makes it almost impossible to manage treasury
effectively, and increases administrative cost from having
so many bank accounts.
Pursuant to the above Law, all of government receipt
and expenditure have since been made through a
single account, namely State General Cash Account (or
Rekening Kas Umum Negara/RKUN) or the Treasury
Single Account (TSA) The opening of this single account
is subsequently tendered to appoint the implementing
banks or the so-called Operating Bank.
From a number of banks that participated in the tender
to become the Operating Bank to serve 30 Regional
Offices of the General Directorate of Treasury of the
Ministry of Finance, BRI won the tender and was
appointed as Operating Bank One (OB1) for 27 Regional
Offices comprising of 162 State Treasury Service Offices
throughout Indonesia.
There are numerous business opportunities that can
be derived from being the TSA operational bank, such
as benefitting from the low-cost funds on the deposits
of state treasury that is remitted via the TSA with BRI.
Furthermore, BRI can provide loans to projects that are
funded by the state budget, the expenditure of which
will be made through the TSA. More importantly, the
largest benefit that can be derived from the TSA is the
opportunity that it affords BRI to become a National
Payment Gateway bank in the near future.
Treasury Single Account
For a bank with the scale of operations as huge as
BRI’s - with a customer base of more than 30 million
accounts, tens of thousands of proprietary or joint
ATM networks, and e-Banking delivery channels such
as phone banking or SMS banking services - the
opportunity to serve as a National Payment Gateway is
wide open.
A national payment gateway system aims to facilitate
quick, reliable and beneficial financial payment
transactions. With customers numbering in the tens
of millions, equally robust ATM and branch networks,
and the support of advanced banking technology, BRI
is poised to achieve its goal of becoming a National
Payment Gateway bank. By serving as national
payment gateway, the Bank will not only be able
strengthen its customer base further, but also increase
its fee-based income.
To that end, BRI continues to invest in information
technology, enhance the integration of its banking
network, service and infrastructure, while also preparing
its people accordingly in order to support a truly
effective platform for the payment gateway operations.
National Payment Gateway
With a strong focus on the MSME business segment,
BRI has the largest banking network of any bank in
Indonesia. In 2008 alone, BRI added more than 400
Operating Units, which means that for each day of the
year, the Bank opened more than one new Operating
Unit to serve its customers.
As such, as at year-end 2008, BRI has had more than
5,400 Operating Units that are spread throughout
Indonesia, comprising of 14 Regional Offices, 372 Branch
Offices, three Overseas Offices, 337 Sub-branch Offices,
179 Cash Offices, 4,417 BRI Units, 76 Service Posts, and
45 Sharia Banking Branch Offices. Of these, a total of
3,879 BRI offices have been linked on-line and real-time.
The electronic links of BRI’ network will continue until all
of the Bank’s Operating Units are linked on a real-time
and on-line basis.
BRI will continue to expand and develop its banking
network, reaching more areas that are potential for the
Bank to grow its business sustainably over the long-term.
Banking Network
Annual Report 2008 Bank Rakyat Indonesia
18.
Report of the President Commissioner
Bunasor SanimPresident Commissioner
Annual Report 2008 Bank Rakyat Indonesia
19.
As an integral part of the national banking sector, Bank Rakyat Indonesia successfully navigated through
2008 with encouraging results compared to those of the previous year.
Assalamu’alaikum Wr. Wb.
With the good grace of God Almighty, BRI was able to
improve its performance in 2008 compared to that of
2007, despite the global economic crisis, the impact
of which was beginning to be felt by the Indonesian
banking sector during the closing months of 2008.
The benchmark interest rate of Bank Indonesia at
year-end 2007 was 8.00% and in line with the policy of
Bank Indonesia in anticipation of the impact from the
global economic crisis, the interest rate was increased
to 9.25% as at year-end 2008. The increase was
obviously responded by the banking sector through
interest rate adjustments for deposits and loans that
suit the conditions of the respective banks.
Board of Commissioners expresses its appreciation
and gratitude to the Management of BRI and each and
every employee of the Bank for their tireless efforts
and support in 2008. We hope that these efforts and
support will continue to accompany the Bank in order
to maintain and increase the Bank’s sustainable growth
in the future.
The macro economic conditions of Indonesia in 2009
are expected to be clouded by the impact of the
global economic crisis, such as declining exports and
lower economic growth compared to those of 2008.
As an integral part of the national banking sector, Bank
Rakyat Indonesia successfully navigated through 2008
with encouraging results compared to those of the
previous year, evident among other things through the
increase in total assets by 20.78%, growth of credit
by 41.36%, a rise in Loan to Deposit Ratio to 79.93%,
a decline of gross NPL to 2.80% as well a net NPL
to 0.85%. The Bank’s operating efficiency ratio was
also managed at around 48.83%. In terms of credit,
the growth of credit in 2008 was among other things
attributed to the growth of Kredit Usaha Rakyat (people
business credit) that accounted for 18.24% of the
Bank’s total credit growth.
The improved performance as indicated above,
resulted in an impressive achievement of net profit
amounting to Rp5.96 trillion in 2008, an increase of
23.16% from that of the previous year.
This achievement was undoubtedly the fruits of
hard work involving the Bank’s management and
employees with the support of stakeholders. The
The potential adverse effects of the global crisis,
should be anticipated Bank-wide by taking all efforts
and fully implement the principles of good corporate
governance (GCG) and risk management effectively.
In that regard, the Board of Commissioners remains
committed to directing the Bank to produce maximum
shareholder value that is also sustainable. The Board
of Commissioners expects that GCG could be an
integral part of the Bank’s culture and awareness
that is inherent in the day-to-day activities of the
organisation. In addition to the effective implementation
of GCG and risk management, the impact of the global
economic crisis could be anticipated or even mitigated
by accurately assessing future events and from there,
formulate the right business strategy, considering that
a turbulent external conditions are likely to influence the
Bank.
Credit expansion in 2009 should remain focused
on new product innovation in the field of credit,
in order to support the government’s program
including Kredit Usaha Rakyat and implementing the
Annual Report 2008 Bank Rakyat Indonesia
20.
Bunasor Sanim
President Commissioner
Agriculture Revitalising Program in agriculture, project
management, fisheries and food security. The Program
is carried out by maintaining the prudential principles as
well as focusing on the productive MSME sector, and
a minimum total of MSME loan component of 80%. In
funding, the strategy for market penetration to increase
funds accumulation to complement the Treasury Single
Account of which BRI is an Operating Bank needs
to be sharply formulated in the face of tough market
competition.
The Board of Commissioners will continue to undertake
its supervisory duties over the Bank with the help of
Committees under the Board of Commissioners, which
comprise of the Audit Committee, the Nomination and
Remuneration Committee and the Risk Management
Monitoring Committee. Supervision by the Board of
Commissioners begins with a formulating discussion
on the goals and strategies of the Bank to be adopted
in 2009, followed by the periodical monitoring of
the implementation of work plans that represent the
elaboration of the respective strategies. On the basis of
the goals and strategies that have been set for 2009,
the Board of Commissioners is optimistic that the
Bank’s performance in 2009 will be able to meet its
growth targets despite the macro economic turbulence
that may arise as a result of the continuing global
economic crisis.
Several key points that require the full attention of the
Bank in 2009 and beyond, are as follows:
1. Business growth should be complemented by
the availability of high quality human resources
as well as adequate supporting systems and
infrastructures;
2. The achievement of financial performance or results
should be followed by social responsibilities and
care for the broader community that encompasses
education, health care, and the environment;
3. Innovation and adoption of new technology and
new ways should be applicable for the MSME
business through continuing research and
development;
4. The international reputation of BRI in micro banking
should be enhanced continuously; and
5. The commitment towards the development of Bank
BRI Syariah should be maintained.
The optimism of the Board of Commissioners
is also based on the Bank’s strength in terms of
competent personnel, an extensive branch network,
a large customer base, a solid and stable business
fundamental that is supported by a reliable information
technology. Allow me to take this opportunity to report
that there has been no change in the composition of
the Board of Commissioners in 2008 as presented
herein.
May God Almighty blesses and guides us all in our
future endeavours.
Annual Report 2008 Bank Rakyat Indonesia
21.
Board of Commissioners
1. Bunasor Sanim
President/Independent Commissioner
2. Agus Pakpahan
Commissioner
3. Agus Suprijanto
Commissioner
4. Saifullah Yusuf
Commissioner
From left to right : B.S. Kusmuljono, Baridjussalam Hadi, Saifullah Yusuf, Bunasor Sanim, Aviliani, Agus Suprijanto, Agus Pakpahan
5. B. S. Kusmuljono
Independent Commissioner
6. Baridjussalam Hadi
Independent Commissioner
7. Aviliani
Independent Commissioner
Annual Report 2008 Bank Rakyat Indonesia
22.
Sofyan BasirPresident Director
Report of the Board of Directors
Annual Report 2008 Bank Rakyat Indonesia
23.
Assalamu’alaikum Wr. Wb.
With gratitude towards God Almighty for His
benevolence, allow me on behalf of the Board of
Directors of Bank Rakyat Indonesia to report to the
Bank’s shareholders and other stakeholders, some of
the key highlights and results of BRI for the year ending
31 December 2008.
The national banking sector grew rapidly during the first
semester of 2008, boosted by the considerable pace
of economic growth, the soaring prices of Indonesia’s
main commodities in world markets, and stable macro-
economic conditions that were reflected in relatively
low bank interest rates, controllable inflation rates, and
a strong Rupiah currency due to the growing foreign
currency reserves.
However, the pace of economic growth retreated
somewhat in the second half of the year, as a result
of a widening global financial crisis that was sparked
by the sub-prime mortgage crisis in the USA, which
ultimately blew up into a monetary crisis and economic
recession of global proportion, and the worst ever since
the Depression Era of 1929-1931.
As a result of the global financial crisis, the annual
Gross Domestic Product (GDP) growth rate of
Indonesia declined from 6.3% in 2007 to 6.1% in
2008. The prime bank interest rate of Bank Indonesia
rose from 8% to 9.25%. The Rupiah depreciated by
approximately 20% to the US dollar and the nation’s
foreign currency reserves dipped to around US$50
billion; whereas inflation went up as high as 12.14%
(year on year) mainly due to the price of crude oil
which reached its peak of US$147 per barrel. Inflation
receded to 11.9% by year-end 2008 as oil price also
subsided.
This development had a negative impact on Indonesia’s
national banking sector, which among other things
had to contend with declining net interest margins,
tightening credit liquidity and decreasing bank
profitability.
Despite the unfavourable economic conditions, BRI
achieved sterling results in 2008, supported by the
efforts of more than 58,000 personnel, which led to
several improvements in the Bank’s standing among
some of the largest banks in Indonesia. For instance, in
the disbursement of credit, BRI rose from second rank
in 2007 to first as at year-end 2008.
In terms of total assets, BRI climbed from third to
second position. Whereas in terms of net profit, BRI
has since 2005 maintained the distinction of being the
most profitable bank in the country.
“In terms of total assets, BRI climbed from third to second position. Whereas in
terms of net profit, BRI has since 2005 maintained the distinction of being the most
profitable bank in the country.”
Annual Report 2008 Bank Rakyat Indonesia
24.
In addition to improving our position in the league table
of the ten largest banks in Indonesia today, we also
made progress in our services, information technology,
product development, risk management as well as
in good corporate governance. All of this was aimed
at achieving our vision and mission to serve as the
premier bank in the country.
With the improvements, BRI has succeeded in
building a more solid foundation while also increasing
the momentum for sustainable long-term growth as
mandated by our shareholders and the Bank’s other
stakeholders.
During the past several years, BRI has arisen and
made great efforts to harness and integrate the Bank’s
resources in order to maximize our opportunities to
capture market growth. These resources include a
service network that comprises of 5,400 Operating
Units reaching out to the far corners of Indonesia, an
ATM service network that covers tens of thousands
of ATM units at home and abroad, and other forms of
electronic banking services that are at par with those
provided by other major banks in the country.
Of no less importance has been the strategic step
taken by BRI over the past several years to increase
its banking penetration in the 14 largest cities of
Indonesia. Several lending and funding products that
are more suited to urban communities were developed
in 2008, with encouraging results. The move has
positioned BRI as a bank that is highly regarded by
Indonesian from all walks of life, among rural and urban
communities. This is because the Bank had been
equally successful in strengthening both its rural and
urban banking franchises, establishing a truly solid
platform that would support sustainable growth over
the long-term.
We are indeed humbled and thankful for being able to
report to our valued shareholders that BRI has been
able to achieve all of its business targets set out in
the Company’s Budget and Work Plan of 2008, as
approved by the Board of Commissioners on
18 December 2007.
For the year ending on 31 December 2008, BRI posted
a net income of Rp5.96 trillion, an increase of 23.16%
from that of 2007. The net income was mainly derived
from a 17.70% increase in net interest margin and net
Sharia margin amounting to Rp19.65 trillion in 2008,
compared to Rp16.70 trillion in 2007. In addition,
other operating income also increased significantly by
39.17% from Rp1.82 trillion in 2007 to Rp2.54 trillion
in 2008.
An equally healthy growth was also recorded by BRI
in the figures of total assets, earning assets, and
third-party funds, which grew in the order of 20.78%,
35.30% and 21.70% to Rp246.08 trillion, Rp228.78
trillion and Rp201.54 trillion, respectively, in 2008.
BRI succeeded in enhancing its financial intermediary
role, as reflected in our total outstanding loans as at
year-end 2008, which amounted to Rp161.11 trillion,
increasing by 41.36% from Rp113.97 trillion in 2007.
In addition to being above the national average credit
growth rate of 30.5% in 2008, our growing credit
increased the Bank’s loan-to-deposit ratio (LDR) from
68.80% to 79.93% as at year-end 2008.
Our credit disbursement remains focused on the MSME
(micro-small-medium-sized enterprise) sector that to
this day constitutes the core strength of BRI with its
overreaching service network, in addition to the fact
that this sector represents the backbone of the national
Annual Report 2008 Bank Rakyat Indonesia
25.
economy that touches the lives and livelihoods of most
of Indonesia’s current population of approximately 240
million people.
More than half of this population rely their livelihoods
on the agricultural, plantation, traditional markets,
retail trade and the micro, small and medium-sized
businesses that constitute BRI’s primary credit
portfolio. Indeed, our involvement in the MSME market
today has become even more crucial in the wake of a
global economic recession that is presently upon us.
With the anticipated decline in global export-import
activities in 2009, we believe that economic growth
dynamics will depend largely on the domestic market.
This is where the role of BRI becomes key as we
continue to support the business activities of MSME
that largely cover the domestic market.
One of the more prominent roles of BRI in the MSME
market segment was our successful drive in the
disbursement of the Kredit Usaha Rakyat (KUR) -
People Business Loan - that has been in progress
since 2007. KUR is a credit program that is aimed at
micro and small businesses that are feasible but not
yet bankable. As at year-end 2008, BRI had disbursed
a total of Rp9.2 trillion of KUR and reached out to
1.5 million new debtors, the largest figures among
any other KUR-disbursing bank in the market today.
Backed by a credit guarantee that covers 70% of the
credit value, the KUR scheme has become an effective
means of providing credit to the micro and small
business sector that is previously beyond the reach of
bank financing.
In line with an ever growing presence in the micro,
small and medium-sized businesses, BRI has forged
a strong alliance with several financial institutions of
national-scale as well as with state-owned enterprises.
These efforts are being led by the Bank’s Directorate
of Institutional Business that was formed in 2007. In
hindsight, the move proved to be beneficial as we now
seek to harness our collective strengths and resources
to counter the unwanted effects that a global economic
recession may have on the national economy.
Meanwhile, in the commercial banking sector, BRI also
participates actively in various credit syndications to
finance major infrastructure projects such as toll roads,
power plants and others. Large-scale infrastructure
projects tend to produce broad trickle-down effects
that also benefit small and medium-sized businesses
that represent our core target market. Moreover, these
projects open cross-selling opportunities for BRI to
offer services - such as cash management - that are of
strategic value to the Bank.
“BRI has disbursed a total of Rp9.2 trillion of KUR and reached out to 1.5 million
new debtors. Backed by and adequate loan guarantee, the KUR scheme has
become an effective means of providing credit to the micro and small business
sector that is previously beyond the reach of bank financing.”
Annual Report 2008 Bank Rakyat Indonesia
26.
BRI is also making headway in generating third-party
funds, primarily as a source for cost-effective funding.
Fuelled by the success of our marketing ploy, “Untung
Beliung BritAma” (or literally the “BritAma Winds of
Fortune”) in 2007, we followed up on that success
by launching the more powerful Britama-Second-
Phase program, ”berkali-kali menangnya”, (“winning
more than once”), which succeeded in gaining new
depositors, bringing the total number of savers to 4.5
million, and generating more than Rp30.65 trillion in
total deposits for BRI as at year-end 2008.
In line with our resolve to position the Bank at par with
the leading service provider of the banking industry, BRI
continues to improve its banking services. A tangible
result of the service improvements undertaken by the
Bank in 2008 was the recognition from Marketing
Research Indonesia that acknowledged BRI as The
Rising Star in Service Excellence from its Bank Service
Excellence Monitoring (BSEM) of 19 banks in Indonesia
for the period 2007/2008. The Award was given for
BRI’s successful drive to climb from 18th place in the
2006/2007 period to 12th currently. In the coming
“The year 2008 proved to be a fast-paced growth and rewarding year for the
management and employees of BRI. Undoubtedly, the resilience of Indonesia’s
national banking sector will be tested in 2009, including that of BRI’s.”
For the other leading savings product of BRI, namely
the Simpedes that cover the rural areas throughout
Indonesia, we successfully staged the “Pesta Rakyat
Simpedes” (Simpedes Folks Festival) from early July to
late August to coincide with the harvest season. These
parties involved below-the-line activities in 282 branch
offices and 14 regional offices of BRI throughout
Indonesia. These parties succeeded in generating both
depositors and deposits with the Simpedes savings
account. As at year-end 2008, there were in total
18.7 million Simpedes account holders with savings
amounting to Rp56.28 trillion.
years, we aim to place BRI among the leading banks in
Indonesia in terms of customer service.
In order to build our business and quality of service,
BRI continues to take several initiatives, including the
expansion of Operating Units. In 2008, we added 400
BRI Operating Units to our already extensive service
network, which was akin to opening more than one unit
each day throughout the year.
To complement such growth, we develop our human
capital on a continuous basis, quantity as well as
Annual Report 2008 Bank Rakyat Indonesia
27.
quality-wise. In 2008, BRI recruited 881 permanent
employees and more than 17,000 out-sourced
personnel, most of whom were slated for marketing
duties.
Our strong performance is reflected in the strength of
our key financial ratios, which have consistently been
above average. Returns on assets (ROA) and on equity
(ROE) were 4.18% and 34.50%, respectively. Whereas
the Bank had gross nonperforming loan (NPL) ratio
of 2.80% as at year-end 2008, and buttressed by a
capital adequacy ratio (CAR) of 13.18% in 2008.
Not to be outdone is the implementation of good
corporate governance (GCG) through the engagement
of rules and standard operating procedures that
have also been improved. Faced with a banking
environment that will require greater prudence with
respect to uncertainties in the global economy, BRI
has prepared itself in optimising the functions of
corporate governance, risk management and internal
controls. BRI has and will always adhere to all prevailing
laws and regulations, uphold the principles of good
corporate governance encompassing transparency,
accountability, responsibility, independency and
fairness; and enhance the roles of committees in taking
important decisions of the Bank. A more detailed
discussion on the Bank’s corporate governance is
presented in the chapter on Corporate Governance of
this Annual Report.
Risk management is implemented holistically across
every organisational line, on credit risk, market risk,
liquidity risk and operational risk, leading to the
implementation of risk management pursuant to the
Basel II recommendations. In addition, BRI also refers
to the guidelines of Bank Indonesia on managing
the eight risks associated with a commercial bank
within the scope of the above-mentioned holistic risk
management.
The year 2008 proved to be a fast-paced growth and
rewarding year for the management and employees of
BRI. However, the year 2008 was also ominous for the
global economic crisis that it brought. Undoubtedly, the
resilience of Indonesia’s national banking sector will be
tested in 2009, including that of BRI’s. Nevertheless,
we remain highly confident of the Bank’s ability to
maintain a sustainable growth and achieve its goal of
being the largest and best bank in Indonesia, with a
significant role in the national economic development.
On behalf of the Board of Directors, allow me to
express our gratitude to all of our customers and the
people of Indonesia for the trust and support that
they have given BRI over the years. We also express
our appreciation to the Government of Indonesia,
shareholders, the Board of Commissioners and the
Sharia Supervisory Board, as well as to all of our
business partners with whom BRI has continued to
forge beneficial relationships. Last but not least, we
owe a big debt of gratitude to all of our employees,
for their tireless efforts and contributions to the
advancement of BRI.
Annual Report 2008 Bank Rakyat Indonesia
28.
Sofyan Basir
President Director
On the occasion, we would also like to report that
there has been no change in the composition of the
Board of Directors during the year under review. I
am also pleased to emphasize that the Directors of
BRI work effectively as a team, and maintain good
working relations with one another, as well as with the
employees and Labour Unions of the Bank.
In my opinion, the highly conducive working
environment at BRI was a key factor behind our
achievements in 2008, and God Willing, in the years to
come.
Annual Report 2008 Bank Rakyat Indonesia
29.
Board of Directors
1. Sofyan Basir
President Director
2. Sarwono Sudarto
Director of Operations
3. Abdul Salam
Director of Finance
4. Sudaryanto Sudargo
Director of Commercial Business
5. Sulaiman A. Arianto
Director of Micro, Small and Medium Enterprises Business
From left to right : Lenny Sugihat, Suprajarto, Sudaryanto Sudargo, Sofyan Basir, A. Toni Soetirto, Asmawi Syam, Sarwono Sudarto,
Bambang Soepeno, Abdul Salam, Sulaiman A. Arianto
6. A. Toni Soetirto
Director of Consumer Business
7. Lenny Sugihat
Director of Credit Risk Control
8. Bambang Soepeno
Director of Compliance/ Risk Management
9. Asmawi Syam
Director of Institutional Business
10. Suprajarto
Director of Network and Services
Annual Report 2008 Bank Rakyat Indonesia
30.
Organisational Structure
Shareholders Meeting
President Director (CEO)
Sharia SupervisoryBoard
Director of MSME
Business
Director of Consumer Business
Micro Business Division
Sharia Branch Offices
Director of Commercial
Business
Director of Institutional Business
Director of Network and
Services
Retail LoansDivision
Program Business Division
Sharia Business Unit
Funds Services Division
Credit Card Division
Consumer Loans Division
Marketing Communications
Division
General Business Division
AgribusinessDivision
Institutional Relations Division
SOE BusinessDivision
Retail Business Network Division
Micro Business NetworkDivision
ServicesDivision
Regional OfficesSpecial Branch
Office
Branch Offices
Board of Commissioners
Board of Directors
CashManagement
Desk
Annual Report 2008 Bank Rakyat Indonesia
31.
COMMITTEES*
COMMITTEES**
Director of Finance
Director of Credit Risk
Management
Director of Compliance/Risk
Management
Director of Operations
TreasuryDivision
Financial & Management Accounting
Division
International Business Division
Overseas Offices
Credit Risk Analysis Division
Loans Restructuring &
Recovery Division
Credit Administration
Division
Risk Management
Division
Strategic Planning Division
Legal Division
Compliance Division
Operations Cen-tre Division
Information System and Technology
Division
Logistics &Fixed Assets Management
Division
InternalAudit
Corporate Secretariat
Division
Human Resources
Management Division
*) Committees under BoC : Audit Committee, Nomination & Remuneration Committee, Risk Management Monitoring Committee
**) Committees under BoD : Risk Management Committee, Credit Policy Committee, Credit Committee, ALCO,
Human Resources Committee, IT Committee
Education & Training Division
Ser
ving
from
Sab
ang
to M
erau
ke
More than 5,400 BRI Operating Units serve approximately 30 million customers across Indonesia from Sabang to Merauke,
making BRI as a bank that operates the largest banking network in Indonesia. Millions of banking transactions are carried out
by BRI each day. In 2008, all of BRI’s Operating Units generated interest income of Rp28.10 trillion, net interest income of
Rp19.65 trillion, and net income of Rp5.96 trillion. As at year-end 2008, BRI had disbursed loans totalling Rp161.11 trillion and
generated third-party funds totalling Rp201.54 trillion.
Annual Report 2008 Bank Rakyat Indonesia
34.
Comparative Data between BRI and the National Banking Sector
Loan Market Share
Banking Sector
Aggregate loan outstanding by the banking sector in
Indonesia grew by 30.51% to Rp1,307.7 trillion as at year-
end 2008.
BRI
Lending by BRI has grown significantly over the years, its
loan market share to 12.32%. In 2008, BRI loans rose by
41.36% to Rp161.1 trillion from Rp113.9 trillion in 2007.
Loan to Deposit Ratio (LDR)
Banking Sector
As at year-end 2008, the LDR of the national banking
sector reached 74.58% with a growing trend.
BRI
In line with national banking trend, BRI’s LDR rose to
79.93% as at year-end 2008. This indicates that BRI was
able to fulfil its financial intermediary role effectively to fuel
the growth of grass root economies.
Ratio of Low-Cost Funds
Banking Sector
In 2008, the ratio of low-cost funds within the national
banking sector reached 52.96%.
BRI
BRI has been able to maintain the composition of its
low-cost funds to account for more than 60% of total
deposits, in order to sustain a level of NIM that is targeted.
As at year-end 2008, savings and demand deposits at BRI
accounted for 63.15% of total deposits.
2003
1,500
1,000
500
0
440.
5
2004 2005 2006 2007 2008
10.00%
5.00%
0.00%
47.6 55
9.5
62.4
695.
675
.5
792.
390
.3
1,00
2.0
113.
9
1,30
7.7
161.
1
10.81
11.15
10.86
11.40
11.36
12.32
CommercialBank
BRI % to CommercialBank
Deposit Market Share
Banking Sector
Total deposits of the national banking sector grew by
16.05% from Rp1,510.8 trillion to Rp1,753.3 trillion as at
year-end 2008
BRI
As at year-end 2008, BRI’s market share of its deposits
had increased to 11.49%. During the year, third-party
deposits at BRI reached Rp201.5 trillion, an increase of
21.70% from Rp165.5 trillion in 2007.
75.6
9
77.8
3
72.5
3
68.8
0
79.9
3
2004 2005 2006 2007 2008
100
50
0
49.9559.66 61.56
66.3274.58
%
BRI Commercial Bank
2003
2,000
1,600
1,200
800
400
0
888.
6
2004 2005 2006 2007 2008
12.00%
7.00%
2.00%
-3.00%
76.3 96
3.1
82.4
1,12
7.9
97.0
1,28
7.1
124.
5
1,51
0.8
165.
5
1,75
3.3
201.
5
8.59
8.56
8.609.67
10.9611.49
CommercialBank
BRI % to CommercialBank
BRI Commercial Bank
2004 2005 2006 2007 2008
70.3
1
68.7
9
69.2
3
66.1
0
63.5
1
56.2949.91 52.21 55.87
52.96
80
60
40
20
0
%
Rp
billio
nR
p bi
llion
Annual Report 2008 Bank Rakyat Indonesia
35.
Net Interest Margin (NIM)
Banking Sector
The average NIM within the national banking sector in the
past five years was in the range of 5% to 6%. In 2008, the
average NIM was 5.66%.
BRI
The Net Interest Margin of BRI in the past five years had
been consistently above 10%, backed by a business
model and a composition of third-party funds that are
more than adequate.
Return on Assets (ROA) Capital Adequacy Ratio (CAR)
Banking Sector
ROA of the national banking sector reached 2.33% in
2008. The relatively low ROA was mainly due to the decline
in profitability of national banks as a result of the global
economic crisis.
BRI
Over the past five years, BRI had consistently
outperformed the ROA of the banking sector.
In 2008, the ROA of BRI was 4.18%.
Non Performing Loan (NPL) Ratio
Banking Sector
The loan quality within the national banking sector has
continued to improve, marked by the decline in non
performing loans to just 3.2% in 2008.
BRI
Over the past five-year period, the rate of NPL at BRI had
always been below the NPL of the national banking sector.
In 2008, BRI had a lower NPL of 2.80%.
Banking Sector
During the past three years, the CAR of the national
banking sector has shown a declining trend. In 2008, the
average CAR of national banking decline to 16.76% from
19.3% in 2007.
BRI
In 2008, BRI posted a CAR level of 13.18%, a decline from
the previous year due to the fact that the pace of business
growth of BRI was faster than that of capital accumulation.
BRI Commercial Bank
2004 2005 2006 2007 2008
19.42 19.3021.27
19.3016.76
25.00
20.00
15.00
10.00
5.00
0
16.1
9
15.2
9
18.8
2
15.8
4
13.1
8
%
BRI Commercial Bank
3.46
2004 2005 2006 2007 2008
5.77
5.04
4.36
4.61
4.18
2.55 2.64 2.782.33
7.006.005.004.003.002.001.00
0
%
2004 2005 2006 2007 2008
5.88 5.63 5.80 5.705.66
12.1
6
12.1
5
11.1
6
10.8
6
10.1
8
BRI Commercial Bank
15
10
5
0
%
4.5
7.56
2004 2005 2006 2007 2008
8.007.006.005.004.003.002.001.00
0
4.19
4.68
4.81
3.44
2.80
6.07
4.073.2
BRI Commercial Bank
%
Annual Report 2008 Bank Rakyat Indonesia
36.
General Overview of the Company
Committed to Micro, Small and Medium
Enterprises (MSMEs)
BRI is strongly committed to supporting
the growth of Micro, Small and Medium
Enterprises. This can be seen from BRI’s range
of diverse financial products and services be
they savings or loan products, a major portion
of which is intended to serve the Micro, Small
and Medium Enterprises sector.
On the savings side, BRI is committed to
maintaining its composition of low cost funds,
which are savings and demand deposits.
Simpedes and BritAma are BRI’s premier
savings products. Simpedes is a product
for the middle to low income groups to save
their money in the bank. Whereas BritAma
is targeted at the more affluent members of
society. National marketing programs have
been held for both of BRI’s leading savings
products namely “Simpedes Folks Festival”,
which was held in 282 cities across Indonesia
for the Simpedes savings product, alongside
the “Untung Beliung BritAma” (BritAma Winds
of Fortune) program, held in major cities
nationwide. Whereas for demand deposits,
the role of BRI in the Treasury Single Account
program gives BRI a broad opportunity to
improve its demand deposits performance be
it nominally or in terms of the total amount of
demand deposits.
On the lending side, BRI offers premier
products such as Kupedes and Kredit
Usaha Rakyat (KUR). Kupedes is BRI’s
leading product of great interest to micro-
entrepreneurs, either for investment needs,
Management Discussion and Analysis of the Company’s Results of Operations and Financial Condition
financing working capital or other purposes.
KUR is a new loan product launched in late
2007 aimed at eligible small businesses that
are unable to meet banking requirements. KUR
is a platform offering loans of up to Rp500
million with loan guarantees of 70% from
credit insurance institutions. As of the end of
December 2008, BRI has been able to serve
approximately 1.6 million new KUR customers.
In terms of BRI’s total loans, nominal micro-
credit loans constitutes approximately 30% of
the total credit portfolio, but if seen in terms
of total debtors, the proportion of micro-
borrowers represents more than 70% of total
customers. In addition to micro-credit, BRI
also has diverse commercial loan schemes to
support small, medium and large enterprises.
Whereas in the consumer segment, BRI
provides salary-based, mortgage loans (KPR),
motor vehicle loans (KKB), multi-purpose loans
(KMG) and other loan schemes.
In general, the distribution of loans to the
Micro, Small and Medium Enterprises
(MSMEs) sectors, always constitutes a high
portion year-on-year (above 80%) as shown in
the table below:
Percentage of Loans per Business Segment in the Years 2004 – 2008
BUSINESS SEGMENT
2004 2005 2006 2007 2008
Micro
Small/Retail
- Commercial
- Consumer
Medium
30.77
51.08
28.02
23.06
4.59
30.17
50.42
28.01
21.90
6.25
30.22
48.27
27.05
21.22
8.22
28.60
46.69
27.38
19.30
7.33
26.54
46.61
27.66
18.95
7.73
Total MSMEs 86.44 86.83 86.71 82.62 80.88
Corporation 13.56 13.17 13.29 17.38 19.12
BRI’s marketing efforts and customers are
CAGR: 20.66%
40
20
0
14.4
6
15.9
7
19.0
3
24.8
8
30.6
5
Growth of BritAma
2004
2005
2006
2007
2008
Rp
trilli
on
Growth of Simpedes
CAGR: 21.04%
2004
60
40
20
0
26.2
2
29.7
6
38.6
8
46.6
0
56.2
8
2005
2006
2007
2008
Rp
trilli
on
Growth of Micro Loans
CAGR: 22.17%
Dec
-04
50
40
30
20
10
0
19.1
9
22.7
8
27.2
8
32.6
0
42.7
6
Dec
-05
Dec
-06
Dec
-07
Dec
-08
Rp
trilli
on
Annual Report 2008 Bank Rakyat Indonesia
37.
supported by a very wide network
In developing its business growth, BRI has a
distinct competitive advantage in having the
widest network and operations as compared
to other banks in Indonesia. BRI has more
than 5,400 offices located throughout the
country, both in major as well as minor cities,
and even in rural areas.
In addition to its branch network, BRI has, as
of the end of 2008, 1,796 ATMs (Automated
Teller Machines). BRI is a partner in the ATM
Link, ATM Bersama and ATM Prima network,
which has more than 35,000 ATMs across
Indonesia. BRI is also a member of the
Cirrus and Maestro ATM network, therefore
BRI customers can use their ATM card in
machines that have the Cirrus and Maestro
logos around the world. Apart from ATMs, BRI
has, in 2008, added to its electronic network
in terms of Kiosk BRI, Cash Deposit Machine
(CDM) and Electronic Data Capture (EDC),
which is intended to make it easier for its
customers to access BRI’s banking services.
In order to improve the company’s image and
to introduce more of its products, BRI has
conducted promotional and public relations
activities, either through electronic media,
print media, and media rooms. With effective
marketing campaign efforts, BRI is able to
maintain its customer base.
Conversion of Bank Jasa Arta to PT Bank
Syariah BRI
Besides undertaking conventional banking
business, BRI operates sharia banking
activities through its Sharia Business Unit
(UUS). In order to optimise the growth of its
sharia business and in anticipation of the
sharia banking development in Indonesia, BRI
has seen the need for a Sharia Bank and has
therefore spun-off its Sharia Business Unit into
the aforementioned Sharia Bank.
The Extraordinary General Shareholders
Meeting convened on 5 September 2007,
approved the acquisition of BRI Bank Jasa
Arta. The acquisition process was completed
on 19 December 2007. Following the
acquisition, Bank Jasa Arta was converted
into a commercial sharia bank in accordance
with Deed No. 45 on 22 April 2008 by
Notary Fathiah Helmi, SH with the name
PT Bank Syariah BRI (BSB). Based on the
Letter of Decree by the Governor of Bank
Indonesia. 106/KEP.GBI/DpG/2008 on 16
October 2008, BSB obtained permission to
change its commercial banking activities from
conventional banking into sharia banking,
whose business activities are carried out
based on the Islamic sharia principles.
On 19 December 2008, BRI carried out a spin-
off of its sharia banking unit, by integrating it
into PT Bank Syariah BRI as per the notarial
deed No. 27, dated 19 December 2008 by
Notary Fathiah Helmi, SH with the effective
date of separation on 1 January 2009.
Operational Performance Review
The figures below, with exception of the ratios,
includes the subsidiary, PT Bank Syariah
BRI (BSB), with total assets of PT BSB as of
31 December 2008 amounting to Rp483.15
billion.
Net Interest Income
Loans Disbursement by Regional Office
Jakarta I & II 28.77%
Bandung 7.56%
Semarang 5.06%
Jogyakarta 6.36%
Surabaya 14.17%
Banjarmasin 3.84%
Denpasar 5.00%
Makasar 7.38%
Manado 4.17%
Banda Aceh 1.63%
Medan 5.45%
Padang 3.87%
Palembang 6.73%
Annual Report 2008 Bank Rakyat Indonesia
38.
In the financial year ended 31 December 2008,
BRI recorded a net interest income of Rp19.65
trillion, an increase of 17.70% compared to
Rp16.70 trillion from the corresponding period
in 2007.
The growth in interest income, from Rp23.24
trillion in 2007 to Rp28.10 trillion in 2008, or
an increase of 20.89% was due to an increase
in interest income, investment securities and
sharia financing. The increase in net interest
income in 2008 was contributed by the growth
in lending granted as a result of the credit
expansion, which improved the loan quality
and increased other interest income.
On the other hand, there is an increase in
interest expenses and sharia financing from
Rp6.54 trillion in 2007, to Rp8.45 trillion in
2008, or a rise of 29.06%. The increase in
interest expenses was caused by the tight
liquidity conditions in the second semester
of 2008, which increased competition for
funding, and resulted in the increase of the
proportion of BRI’s high-cost funds to total
Third Party Funds from 33.90% in 2007 to
36.49% in 2008. On average, BRI’s cost of
funds in 2008 increased to 4.69%, compared
to 4.52% in 2007.
On its net interest income in 2008, BRI
recorded a net interest margin (NIM) of
10.18%, slightly below 10.86% in 2007. This
decrease was mainly due to the unfavourable
interest rate climate during the second half
of 2008. Loans still represent the largest
contributor to interest income, accounting for
80.15% of total interest income. While the
contribution of income from interest on bonds
in respect to total interest income declined
from 8.69% in 2007 to 6.95% in 2008.
Other Operating Income
During 2008, other operating income reached
Rp2.54 trillion, up by 39.17% compared to
Rp1.82 trillion in 2007. The largest contribution
to other operating income was fee-based
income, which rose 21.38% from Rp1.46
trillion in 2007 to Rp1.77 trillion in 2008. The
various components of fee-based income
include, among other things, administrative
fees from savings deposits, trade finance,
remittances and credit cards.
Earning Assets Provision
While the provision for possible losses from
earning assets and other assets amounted
to Rp1.94 trillion in 2007, BRI posted
provisions for earning assets and other assets
of Rp2.84 trillion in 2008, thereby incurring
an increase of 46.38%. The increase in the
provisioning expense was due to BRI’s large
credit expansion during 2008. In addition,
the increase in said costs also reflects BRI’s
cautious attitude.
Other Operating Expenses
In 2008, other operating expenses rose
by 21.92%, from Rp9.02 trillion in 2007 to
Rp11.00 trillion in 2008. This resulted in an
increase of the ratio of operating expense
to operating revenue to 72.65% in 2008
compared to 69.80% in 2007. However, the
Composition of Earning Assets 2007 – 2008
2007
180.00
160.00
140.00
120.00
100.00
80.00
60.00
40.00
20.00
0
Loans
113.
97
18.2
2 36.9
0
2008
161.
11
16.3
5
Recap Bonds
51.3
2
(in Rp trillion)
Other Earning Assets
Annual Report 2008 Bank Rakyat Indonesia
39.
increase in the ratio was still within reasonable
limits, because of BRI’s significant business
expansion with the opening of approximately
400 new offices in 2008.
Net Profit
With the increasing scale of business
operations, supported by efforts to
maintain growth in net interest income and
management fees, BRI’s net profit grew
by 23.16%, from Rp4.84 trillion in 2007 to
Rp5.96 trillion in 2008.
Financial Performance Review
General Responsibility and Management of
Assets-Liabilities
There were no fundamental changes to BRI’s
management policies on assets and liabilities
in 2008 from previous years, whereby BRI
gave emphasis to the policy of sustainable
earning assets; the allocation of earning assets
based on the comparison of commensurate
returns against risks; and in terms of liabilities,
the policy of maintaining the ratio of low cost
funds (savings and demand deposits) to at
least 60% of the third party fund reserves.
In order to anticipate the likely decrease in
liquidity in the banking sector in general, as
a result of the global economic recession, in
2008 BRI also set its policies on asset and
liability management with the goal of securing
BRI’s liquidity.
Timely and prudent asset and liability
management will ensure BRI’s ability to meet
all financial obligations at maturity, and with
adequate liquidity, BRI has the ability to pursue
every business opportunity that exists.
Therefore, BRI has empowered the ALCO
Committee (Asset-Liability Committee) to
monitor, measure and anticipate the risks
associated with the balance of its assets and
liabilities, in the management of the Bank’s
balance sheet.
Assets
BRI’s total assets as of 31 December 2008
reached Rp246.08 trillion, an increase of
20.78% compared to Rp203.73 trillion
in 2007. The increase was mainly due to
the expansion of loans and the increase
in other earning assets in 2008. The total
assets comprise of net earning assets (net
of provisioning) of 89.39%, and non-earning
assets of 10.61%. The percentage of earning
assets to total assets was much higher in
2008 than that of in 2007 (79.52%), and
reflected the successful implementation of the
earning assets policy, as mentioned above.
Earning assets include loans, placements with
Bank Indonesia and other banks, securities,
Government Bonds, receivables, and equity
investments. Meanwhile, non-earning assets
include cash, reserves with Bank Indonesia,
fixed assets and other assets.
Earning Assets
Annual Report 2008 Bank Rakyat Indonesia
40.
Total earning assets before provisions as of
31 December 2008 amounted to Rp228.78
trillion, a 35.30% growth from Rp169.09 trillion
in 2007. Loans (including sharia financing)
represented the largest component of earning
assets, accounting for 70.42% of earning
assets, increasing from 67.40% in 2007.
The portion of Government Bonds declined
from 10.78% in 2007 to 7.15% in 2008, due
to maturity. Meanwhile, the proportion of
other earning assets to total earning assets,
including Bank Indonesia Certificates (SBI),
rose from 21.82% in 2007 to 22.43% in 2008.
The accumulated allowance for possible
losses on earning assets as of 31 December
2008 increased by Rp1.74 trillion, or 24.60%,
to Rp8.81 trillion, in line with the growth of
earning assets of 35.30% during the year.
Loans
Loan disbursement, including sharia financing,
posted significant growth of 41.36%. Total
outstanding loans as of 31 December 2008
reached Rp161.11 trillion, significantly higher
than Rp113.97 trillion in 2007. Of the total
outstanding loans in 2008, 26.54% was
disbursed as Micro Loans, 46.61% as
Small Loans/Retail, 7.73% as Medium-Sized
Business Loans, and 19.12% as Corporate
Loans. Small/Retail Loans consist of Small
Commercial Loans of 27.66% and Consumer
Loans, including salary-based loans,
amounting to 18.95%.
From the composition of loans disbursed, it
is evident that the portion of loans to Micro,
Small and Medium Enterprises (MSME)
segment declined slightly from 82.62% in
2007 to 80.88% at the end of 2008.
One of the strengths of BRI’s loan portfolio is
its diversity in which loans are spread broadly
and equitably across Indonesia. This reduces
the concentration of credit risk in any particular
region.
Loan Quality
Loans with Current category rose 41.34%
from Rp105.04 trillion in 2007 to Rp148.46
trillion in 2008, while loans in the Special
Mention category increased by 62.98% from
Rp4.99 trillion to Rp8.13 trillion, and Non
Performing Loans increased by 14.52% from
Rp3.94 trillion to Rp4.52 trillion.
The Non Performing Loans (NPL) ratio
improved, from 3.46% in 2007 to 2.80% in
2008. The decline in NPL occurred in the
Micro Loan segment from 1.19% to 1.02%,
Small Commercial Loans from 5.77% to
3.52%, Small Consumer Loans from 1.67%
to 1.08% and Corporate Loans from 4.62%
to 4.53%. However, the NPL for Medium-
Sized Loans experienced a slight increase
from 5.67% to 6.33%. The NPL net ratio also
improved from 0.88% at the end of 2007 to
0.85% at the end of 2008. The improvement in
the NPL ratio was mainly due to the increase
in the amount of current loans by as much as
Rp43.42 trillion, compared with the increase
of NPL of Rp0.58 trillion in 2008. On the other
hand, NPL Coverage Ratio in 2008 increased
slightly to 177.27% from 176.45% a year ago.
Government Recapitalisation Bonds
As of 31 December 2008, the portfolio of
Recap Bonds totalled Rp16.35 trillion, down
by 10.26% from Rp18.22 trillion in 2007. The
decrease in the amount of bonds was due to
the maturity of Rp1.2 trillion of these bonds in
Growth of Corporate Loans
CAGR: 38.13%
Dec
-04
40
30
20
10
0 8.4
6
9.94
12.0
0
19.8
1
30.8
0
Dec
-05
Dec
-06
Dec
-07
Dec
-08
Rp
trilli
on
Growth of Medium Loans
CAGR: 44.43%
Dec
-04
15
10
5
0 2.86
4.72
7.42
8.35
12.4
5
Dec
-04
Dec
-04
Dec
-04
Dec
-04
Rp
trilli
on
Growth of Small Commercial Loans
CAGR: 26.34%
Dec
-04
50
40
30
20
10
0
17.4
7
21.5
5
24.4
2
31.0
9
44.5
2
Dec
-05
Dec
-06
Dec
-07
Dec
-08
Rp
trilli
on
Growth of Consumer Loans
CAGR: 20.70%
Dec
-04
40
30
20
10
0
14.3
8
16.5
4
19.1
5
22.0
0
30.5
3
Dec
-05
Dec
-06
Dec
-07
Dec
-08
Rp
trilli
on
Annual Report 2008 Bank Rakyat Indonesia
41.
2008. The proceeds from the Recap Bonds
were mainly used to finance the Bank’s loans
to productive business sectors, providing
direct benefits to the people of Indonesia.
The proportion of the Recap Bonds to total
assets decreased from 8.94% in 2007 to
6.65% in 2008. Similarly when compared
against total earnings assets, the portion of
these Recap Bonds declined from 10.78% in
2007 to 7.15% in 2008.
Of the total amount of Recap Bonds in 2008, a
total of Rp11.08 trillion, or 67.77%, were fixed-
rate bonds, while a total of Rp5.27 trillion, or
32.23%, were floating rate bonds.
Other Earning Assets
The position of other earning assets as
at year-end 2008 amounted to Rp51.32
trillion, an increase of 39.10% from that of
2007. This growth was mainly due to BRI’s
increased liquidity which were placed on Bank
Indonesia’s instruments. Other components
of earning assets include Non-Recap Bonds,
Bank Indonesia Certificates (SBI), Bank
Indonesia Facility (FASBI), placements in other
banks, and marketable securities such as
stocks, export bills and commercial notes.
Third Party Funds
Third Party Funds (TPF) represent funds
mobilized from the public savings deposits
in the form of Savings, Demand Deposits
and Time Deposits (including Certificates
of Deposits). Included in Third Party Funds
are sharia compliant savings products, such
as Giro Wadiah, Mudharabah Savings and
Mudharabah Time Deposits.
As of 31 December 2008, total Third Party
Funds generated reached Rp201.54 trillion,
up by 21.70% compared to Rp165.60 trillion
in 2007. The growth was mainly due to the
significant increase in the number of BRI
branches in 2008, and an active marketing
program. Third Party Funds accounted for
BRI’s largest liability, accounting for 90.08% of
the Bank’s total liabilities as of 31 December
2008.
Demand deposit is a source of low-cost funds
in addition to savings, and at the end of 2008,
the total amount of demand deposits reached
Rp39.92 trillion, up by 7.43% from Rp37.16
trillion in 2007. While Savings increased by
21.82% from Rp72.30 trillion in 2007 to
Rp88.08 trillion in 2008, the ratio of savings to
Third Party Funds increased from 43.66% to
43.70%. This increase in savings position was
mainly attributed to the success of the Bank’s
promotions of its savings programs as well the
development of various features of savings
products that attracted the public to bank with
BRI.
Time Deposits posted a significant increase,
i.e. from Rp56.14 trillion in 2007 to Rp73.54
trillion in 2008, or a 30.99% increase. This
resulted in the increase of the portion of Time
Deposits to Third Party Funds from 33.90%
in 2007 to 36.49% in 2008. The growth in
Time Deposits was due to the aggregate rise
in total bank deposits, the “flight to quality”
tendency, and the rise of the interest rates of
Time Deposits.
Subordinated Debts
Growth of Savings
CAGR: 18.57%
2004
100
80
60
40
20
0
44.5
7
49.3
7
58.3
1
72.3
0
88.0
8
2005
2006
2007
2008
CAGR: 31.47%
2004
50
40
30
20
10
0
13.3
6
17.3
8
27.8
6
37.1
6
39.9
2
Growth of Demand Deposits
2005
2006
2007
2008
Growth of Time Deposits
CAGR: 31.67%
2004
80
60
40
20
0
24.4
7
30.2
9
38.2
9
56.1
4
73.5
4
2005
2006
2007
2008
Rp
trilli
onR
p tr
illion
Rp
trilli
on
Annual Report 2008 Bank Rakyat Indonesia
42.
Subordinated debts were issued in order to strengthen
BRI’s capital structure (especially Tier II capital). Total
subordinated debts amounted to Rp710 billion as of
31 December 2008, down from Rp2.14 trillion in the
previous year. This significant decrease in subordinated
debts was due to BRI’s execution on the option
to redeem the subordinated debts amounting to
US$150 million on 30 October 2008. A more detailed
explanation about the subordinated debts can be seen
in Note 26 of the Notes to the Company’s Consolidated
Financial Statements that is presented in this annual
report.
Equity
As of 31 December 2008, BRI’s equity position
amounted to Rp22.36 trillion, an increase of 15.02%
from Rp19.44 trillion in 2007. The increase in equity
was derived mainly from the appropriation of the net
profit for 2007 as stipulated in the Bank’s 2008 Annual
General Meeting of Shareholders and the current year
profit of 2008.
Capital Adequacy
BRI’s Capital Adequacy Ratio (CAR) at the end of
2008 stood at 13.18%, lower than 15.84% in 2007.
The decrease in CAR was due to the growth of risk-
weighted assets (total loans and other earning assets),
which rose faster than the growth of profit in order to
strengthen the Bank’s capital.
The following table shows the calculation of BRI’s
capital adequacy ratios at the end of 2008 and 2007.
(in Rp billion)
Description 2008 2007
Core Capital (Tier 1)
Additional Capital (Tier 2)
Placement
Total Available Capital
Total Risk Weighted Assets (RWA)
Capital Adequacy Ratio (CAR)
17,796
1,945
(553)
19,188
145,581
13.18%
15,448
1,819
(209)
17,059
107,711
15.84%
Returns
The Return on Assets (ROA) before tax in 2008 was
4.18%, slightly less than ROA of 4.6% in 2007. The
Return on Equity (ROE), which reflects returns to
shareholders, increased from 31.64% in 2007 to
34.50% in 2008.
Capital Expenditure
In 2008, BRI’s capital expenditure amounted to
Rp633.96 billion, consisting of Rp190.05 billion for
information technology, and Rp443.92 billion in non-IT
purchases. The capital spending in 2008 was higher
than that of 2007, which reached Rp390.55 billion,
consisting of Rp40.79 billion for IT spending and
Rp349.77 for non-IT spending.
Loan Write-offs
Loan write-offs (principal) by BRI in 2008 amounted to
Rp1,544.23 billion, a decrease of 27.31% compared
to Rp2,124.36 billion in 2007. Loans which had been
written-off before the financial year 2008, but recovered
during the year, amounted to Rp473.99 billion, down
by Rp110.59 billion, or 23.30%, from 2007.
Tax Contribution
Other than the contribution of dividends, BRI pays
taxes to the government. In accordance with
Government Regulation No. 81/2007 on Income Tax
Rates Reduction for Public Limited Liability Companies,
BRI obtains tax incentives in the form of a 5% reduction
in corporate income tax, from the highest prevailing
tax rate. However, with BRI’s increasing scale of
operations, its tax contribution in 2008 still showed a
7.34% increase compared to that of 2007.
Tax Contribution of BRI from 2004-2008
Annual Report 2008 Bank Rakyat Indonesia
43.
(in Rp billion)
Description 2004 2005 2006 2007 2008
I. Head OfficeA. Income Tax (PPh)
1. PPh Article 4 (2) Final
2. PPh Article 15
3. PPh Article 21
4. PPh Employees
Article 21 (WAPU)
5. Corporate Tax (PPh
Badan)
a. PPh Badan Article25
b. PPh Badan
Article 29
6. PPh Article 22
7. PPh Article 22 (WAPU)
8. PPh Article 23 (WABA)
9. PPh Article 23 (WAPU)
10. PPh Article 25
11. PPh Article 25 (WAPU)
B. Value Added Tax (VAT)
1. VAT Goods and Services
a. Outgoing
b. Incoming
2. VAT for Luxury Goods
(PPnBM)
C. Land and Building
Tax (PBB)
D. Customs and Excise
E. BPHTB
F. Other Taxes*
SUBTOTAL
472.25
319.90
2,208.61
5.98
82.64
2.98
4.62
3,096.88
519.80
417.18
1,829.25
7.71
34.80
2.46
5.24
2,816.43
945.08
397.62
1,831.88
5.04
35.44
2.68
6.14
3,223.88
940.11
407.95
3,310.97
4.00
41.04
1.97
6.98
4,713.02
1,082.53
539.25
3,382.85
4.35
39.85
3.85
7.38
5,060.06
II. RegionA. Motor Vehicle Tax
B. Motor Vehicle Transfer
Tax
C. Fuel Tax
D. Others *
SUBTOTAL
TOTAL (I + II)
12.99
12.99
3,109.87
13.57
13.57
2,829.99
13.55
13.55
3,237.43
9.07
9.07
4,722.08
8.73
8.73
5,058.80
* Detailed is according to the tax paid by the company
Financial Ratios with Respect to Transparency
The table below shows BRI’s financial ratios which are
related to aspects of transparency in accordance with
the provisions set forth by Bank Indonesia.
(in %)
Description 2008 2007
CapitalCAR with Credit Risk CAR with Credit Risk and Market RiskFixed Assets/Capital
Assets QualityClassified Earning AssetsProvisioning for Earning Assets/Earning AssetsProvisioning Coverage on Earning AssetsProvisioning Coverage on Non-Earning AssetsNPL GrossNPL Net
CompliancePercentage of Violation of Legal Lending Limit
Related Parties Non Related Parties
Percentage of Excess of Legal Lending Limit Related Parties Non Related Parties
Minimum Reserves Requirement in Rupiah Net Open Position
13.6713.1824.13
2.183.75
150.20100.66
2.800.85
0.000.00
0.000.005.57
13.55
16.6615.8426.14
2.224.05
161.20100.00
3.440.88
0.000.00
0.000.00
22.097.90
Minimum Reserves Requirement
In accordance with the regulation of Bank Indonesia,
the Minimum Reserves Requirement for BRI is
5%. At the end of 2008, BRI’s Minimum Reserves
Requirement was 5.57%. The position at the end of the
previous year was 22.09%.
Net Open Position
Based on Bank Indonesia’s regulation, the Net Open
Position (NOP) of the Bank is capped at a ceiling of
20% of capital. At the end of 2008, BRI’s NOP ratio
was 13.55%.
As of 31 December 2008, BRI had met all statutory
mandatory ratios, as determined by the laws and
regulations of Bank Indonesia. In addition, a significant
number of the key financial ratios as presented in
the table above, indicates BRI’s strong financial
fundamentals, its outstanding performance, and the
financial intermediary role that the Bank carries out in a
professional, transparent and responsible manner.
Annual Report 2008 Bank Rakyat Indonesia
44.
Report on Corporate Governance
For the purpose of enhancing the company’s
performance, protecting stakeholders’ interests,
and improving compliance with the existing laws,
regulations, and ethical values common in banking
industry, it is indispensable to implement Good
Corporate Governance (GCG).
Through its Commissioners, Directors, and employees,
Bank Rakyat Indonesia is committed to implementing
GCG principles on the basis of the core values stated
in the BRI Corporate Culture, consisting of integrity,
professionalism, customer satisfactions, role model,
and human resources appreciation. The core values,
which are intended to build BRI Codes of Conduct,
have been implemented by BRI’s employees of all
layers. These values provide clear and measurable
references for their way of thinking and behaving,
and are expected to take BRI to the objectives of
implementing Good Corporate Governance.
In relation to BRI Commissioners’ and Directors’
commitments, BRI has designed the Board Manuals
specifying clearly the roles and responsibilities of
Commissioners and Directors. In addition to the Board
Manuals, the implementation of Good Corporate
Governance is also based on other internal regulations
that are in line with the existing laws and regulations
and the principles of Good Corporate Governance.
To meet the regulations of Bank Indonesia while
simultaneously boosting BRI’s performance that would
result in enhanced investor trust, Bank BRI has an
obligation to disseminate GCG Report, one of the
indicators in the implementation of Good Corporate
Governance.
The following information shows the implementation of
GCG in BRI in 2008.
Corporate Governance Structure
General Meeting of Shareholders
The General Meeting of Shareholders (GMS) has the
authority to appoint and terminate members of the
Board of Commissioners and Board of Directors,
approve changes to the Articles of Association,
endorse the Annual Report of the Bank, appoint the
external independent auditors, and determine the type
and amount of remuneration for members of the Board
of Commissioners and Board of Directors.
The resolutions of the Annual GMS of BRI on 26 May
2008 are presented in full in the Shareholder Information
section of this Annual Report starting from page 7.
I. Board Of Commissioners:
Structure, Composition, and Independency of Members
of the Board of Commissioners (BOC)
BRI‘s BOC comprises of seven members, four of
whom are Independent Commissioners. The number
and composition of the BOC are in accordance with
the regulation, in that it does not exceed the number
of Directors of the Bank (10 Directors), and that
Independent Commissioners account for more than
half (50%) of the members of the BOC. All of the
Commissioners are based in Indonesia.
Annual Report 2008 Bank Rakyat Indonesia
45.
Plan and Annual Budget as well as other plans
that are submitted by the Directors, pursuant to the
letter of the Bank’s Articles of Association. Other
liabilities include among other things to propose
at the General Meeting of Shareholders on the
appointment the Public Accounting Firm that will
audit the financial statements of the Bank.
In accordance with its authority, the Board of
Commissioners has provided the followings:
1. Approval for the Bank’s Business Plan and Budget
2008
2. Approval for the Bank’s Business Plan 2008-2010.
3. Approval for Organisational Restructuring.
4. Approval for the Revision of the General Credit
Policy.
5. Approval for the Spin-off Execution of the Sharia
Business Unit and its consolidation into Bank BRI
Syariah that has been decided by the GMS.
6. Recommendations and Advisories in connection
with the site visits of the Commissioners to several
BRI Operating Units.
Committees of the Board of Commissioners
Audit Committee:
Structure, Membership, Expertise, and Independency of Audit Committee’s Members
Audit Committee consists of one chairperson-an
Independent Commissioner-and four members. The
chairman as well as all members of the committee
has adequate expertise, background knowledge, and
experience. The following is the composition of the
Audit Committee in 2008:
Composition of the Board of Commissioners 2008
No Name Position
1.
2.
3.
4.
5.
6.
7.
Bunasor Sanim
Agus Suprijanto
Agus Pakpahan
Saifullah Yusuf
B.S. Kusmuljono
Baridjussalam Hadi
Aviliani
President Commissioner/Independent
Commissioner
Commissioner
Commissioner
Commissioner
Independent Commissioner
Independent Commissioner
Independent Commissioner
The Board of Commissioners has adequate integrity
and competencies, pursuant to the requirements of the
fit & proper test of Bank Indonesia. BRI Commissioners
do not hold concurrent positions as Commissioners,
Directors or Executive Officers in any other bank or
financial institution, and do not have familial ties with
other members of the Board of Commissioners and
Board of Directors.
Duties and Responsibilities of the Commissioners.
1. The Board of Commissioners is responsible
for overseeing the policies and management in
general, whether of the Bank or of its business that
is under the management of the Board of Directors
(BOD), and to provide advise to the BOD including
oversight on the execution of the Bank’s Business
Plan and Budget, rules under the Articles of
Association, resolution of the GMS, and prevailing
laws and regulations, in line with the interest of the
Bank as well as its goals and objectives.
2. In undertaking the above duties, the Board of
Commissioners is authorised to among other things
request clarification from the Board of Directors
and /or other officials on issues pertaining to the
Bank, and to form Committees to support the
effective discharge of the Commissioners’ duties
and responsibilities. The Commissioners have
established three committees:
a. The Audit Committee;
b. The Risk Management Monitoring Committee;
c. The Nomination and Remuneration Committee.
3. The Board of Commissioners is expected to
provide an opinion and approval over the Business
Name Membership Position
Aviliani
Bunasor Sanim
Saifullah Yusuf
H.C. Royke Singgih
Dedi Budiman Hakim
Syahrir Nasution
Chairperson
Member
Member
Member
Member
Member
Independent Commissioner
President Commissioner/
Independent Commissioner
Commissioner
Non Commissioner
Non Commissioner
Non Commissioner
Annual Report 2008 Bank Rakyat Indonesia
46.
Profiles of Audit Committee Members
The profiles of Aviliani, Bunasor Sanim, and Saifullah
Yusuf are presented in the brief resume of the
Commissioners on pages 114 to 117 of this Annual
Report.
H.C. Royke Singgih – born in Jakarta, 13 March 1960.
Appointed as a member of the Audit Committee
since October 2005. A certified public accountant,
he previously served with Bank IFI, PT Pan Indonesia
Bank, Jakarta and PT Krakatau Steel. He earned a
degree in Accountancy from University of Gajah Mada,
Yogyakarta (1986) and a Master in Management
degree in Finance and Banking from University of
Indonesia, Jakarta (2000), in addition to obtaining
a Specialty Certification for Strategic Management
Studies, Pre Doctoral Program, University of Indonesia,
Jakarta (2004).
Dedi Budiman Hakim – Born in Sumedang, 22 October
1964. Appointed member of the Audit Committee since
2005. Currently serving as a Faculty Member of the
Bogor Agricultural University (IPB) and a Researcher
at the Centre for Applied Finance and Economics
(interCAFE) IPB. He is also an active newspaper
columnist and scientific journal writer. He holds a
degree in Agronomics Science from IPB (1988), a
Master of Arts degree in Agriculture Social Economics
from Massey University, Palmerston North, New
Zealand (1994), and a Doctorate in Agriculture from
Georg-August-Universitaet, Goettingen, Germany.
Syahrir Nasution – born in Pematang Siantar, 21
September 1952. Appointed member of the Audit
Committee since 2008. Previously a career banker with
BRI (1990-2008) in the fields of Inspection and audit.
He holds a degree Economics and Accountancy, from
Institute of Finance Sciences, Jakarta (1981).
Duties and Responsibilities of Audit Committee
In 2008, Audit Committee undertook their functions,
duties, and responsibilities in accordance with
the Audit Committee Charter. In conducting its
meetings with other Operating Units, this committee
through Commissioners asked some subordinating
managements to attend the meetings and provide
necessary relevant information.
The Audit Committee has convened meetings with
the subordinates of Management and external parties
including with the Public Accounting Firm of Ernst &
Young and the Consulting Firm, Delloite Consultants.
The Audit Committee undertakes the active oversight
duties of the Board of Commissioners through regular
meetings with the Internal Audit Unit.
Frequency of the Audit Committee Meetings
The Audit Committee convened Meetings for a total
of 17 times in 2008, with the following attendance
records:
Name Membership Attendance (%)
Aviliani
Bunasor Sanim
Saifullah Yusuf
H.C. Royke Singgih
Dedi Budiman Hakim
Syahrir Nasution
Chairperson
Member
Member
Member
Member
Member
100.00
100.00
58.82
100.00
88.24
88.24
No Date Agenda
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
4 Jan 2008
21-23 Jan 2008
12 Feb 2008
25 Feb 2008
26 Feb 2008
19 Mar 2008
10-11 Apr 2008
22 Apr 2008
29 Apr 2008
12 May 2008
9 Jul 2008
17 Jul 2008
22 Jul 2008
23 Jul 2008
6 Aug 2008
9 Sep 2008
24 Sep 2008
Kick Off General Audit for 2007.
Internal Audit Coordination Forum.
Enhacing the Internal Audit Function
Progress of General Audit in 2007.
Vision, Mission and Strategy of the SOE Busi-
ness and Institutional Relations Division
Discussion on the Preliminary Findings of Perti-
nent Matters of Bank Indonesia.
Discussion on the BRI GMS of 2007
Elevation of the Compliance Desk into the
Compliance Division
Report of the Audit Findings for Fourth Quarter
of 2007 and quarterly audits for 2008.
IT personnel in the implementation of BRINets
Issues related to IT
Discussion on the Independent Financial Report,
Management Letter of 2007, and management
Information System
Report of the Audit Findings for First Quarter of
2008 and Internal Control Sysytem
Issues, Challenges and Strategies of IT
Review on the progress of BRINets.
Report of the Audit Findings for Second Quarter
of 2008
General Audit Plan for 2008
The agenda of the Audit Committee meetings in 2008
were as follows:
Annual Report 2008 Bank Rakyat Indonesia
47.
Realization of Audit Committee Work Program
The Audit Committee conducted its working programs
in 2008 as follows:
1. Internal Activities
a. Design Audit Committee’s plans and work
programs as per the Audit Committee Charter.
b. Convene meetings with Internal Audit (IA) to
discuss internal control system, and the audit
findings especially those which are deemed to
have potential risks that could compromise the
business continuity of the Bank.
c. Convene meetings with the Accounting and
Financial Management Division and other
related divisions to discuss the Bank’s financial
performance and other financial information.
d. In addition to the above divisions, meetings
were also held with other divisions, including
Strategic Planning Division, Procurement
and Fixed Assets Management Division, and
Credit Administration Division to discuss issues
related to the functions of those respective
organisational units and BRI performance.
e. Convene regular meetings (weekly) with the
Nomination and Remuneration Committee,
Risk Management Monitoring Committee and
the Secretary of the Board of Commissioners
to discuss important issues related to the
effectiveness of Commissioners’ functions,
roles, and responsibilities.
f. Evaluate and provide written reports to
the Commissioners on every meeting and
assignment given to Audit Committee.
g. Attend meetings concerning the formulation of
BRI GCG guidelines, evaluate the performance
of the Internal Audit Unit and communication
forum, and visit several Regional Audit Offices,
Regional/Branch Offices in an attempt to obtain
direct information on the problems of the
respective Operating Units.
h. Present materials in the trainings conducted by
the Regional Audit Office.
i. Undertake research on the transformation
of Internal Audit’s functions as a Strategic
Business Partner in the implementation of
Risk-Based Audit by distributing questionnaires
and conducting in-depth interviews
2. External Activities
a. Participate in the seminars related to Audit
Committee’s functions, such as those
conducted by The Institute of Internal Auditor
(IIA) Indonesia Chapter, and the Indonesian
Audit Committee Association in order to
boost competencies and capabilities of Audit
Committee
b. Hold discussions with external auditors, either
before or after the investigations regarding
findings in the financial statements of the Bank.
c. Hold discussions with other parties, especially
those related to the effectiveness enhancement
of the internal audit function
2. Nomination and Remuneration Committee
(NRC)
Structure, Memberships, Expertise, and
Independency of NRC’s Members
Nomination and Remuneration Committee
is chaired by an Independent Commissioner
comprising 5 members with adequate expertise
and independency.
The composition of the nomination and
Remuneration Committee as of 31 December 2008
were as follows:
Name Membership Position
B.S. Kusmuljono
Aviliani
Agus Pakpahan
M. Jarot Eko Winamo
Eko Boedi Soelistiyo
Indira A. Suleiman *
Chairman
Member
Member
Member
Member
Member
Independent Commissioner
Independent Commissioner
Commissioner
Non Commissioner/Executive Officer
Non Commissioner
Non Commissioner
*) Resigned from NRC membership effective 30 September 2008.
Annual Report 2008 Bank Rakyat Indonesia
48.
Profiles of The Members of the Nomination and
Remuneration Committee
The profiles of B.S. Kusmuljono and Agus
Pakpahan, and of Aviliani, are stated in the
Commissioners’ Curriculum Vitae in pages 114-
117 of this Annual Report. Indira A. Suleiman
resigned as a member of the Nominations and
Remunerations Committee of BRI on 30 September
2008.
M. Jarot Eko Winarno – born in Sleman, 9
January 1959. Member of the Nominations and
Remunerations Committee since August 2007.
Climbed his career at BRI since 1983 in various
positions, currently he is the Head of Human
Resources Management Division. Obtained his
Bachelor in the Social Economics of Agriculture,
IPB (1982) and his MBA in Marketing from Drexel
University, United States (1992).
Eko Boedi Soelistiyo – born in Brebes, 16
May 1968. Member of the Nominations and
Remunerations Committee since 2007. Climbed
his career at BRI since 1993 in various positions,
currently he is a staff in the HR Welfare Department,
Human Resource Management Division Head
Office. Obtained his Bachelor in Civil Laws,
Diponegoro University, Semarang (1992) and his
M.Si in Agribusiness from Gadjah Mada University,
Yogyakarta (2007).
Duties and Responsibilities of NRC
On the basis of the Guidelines on the Duties of
the Commissioners and Committees as well as
the Charter of the Nomination and Remuneration
Committee of 21 June 2008, the Nomination and
Remuneration Committee is a committee that
has been formed by the Board of Commissioners
in order to support the effectiveness of
Commissioners’ duties and responsibilities,
especially those related to nomination and
remuneration policies.
A. The Nominating Function
1. Analyse, compose and give recommendations
concerning the system and procedures of
election and/or replacement of members of the
Boards of Commissioners and Directors to the
Board of Commissioners;
2. Recommend candidates for Commissioners
and/or Directors to the Board of
Commissioners;
3. Monitor the execution and analyse the criteria
and procedures of selection for Officers one
level below that of the Directors;
4. Compose performance evaluation system of the
Boards of Commissioners and Directors;
5. Recommend the number of members of the
Boards of Commissioners and Directors;
6. Give opinions or advice to the Board of
Directors on the transfer and/or appointment
decisions of non-Bank workers to becoming
officers one level below that of Directors;
7. Analyse the data of officers one level below that
of Directors submitted quarterly by the Board of
Directors and on each change occurring;
8. Recommend to the Board of Commissioners
concerning Independent Parties that will be
members of the Audit Committee or the Risk
Management Monitoring Committee.
B. The Remunerative Function
1. Evaluate prevailing remuneration policies for
the Board of Commissioners, the Board of
Directors, and the Employees of BRI;
2. Recommend to the Board of Commissioners
the followings:
a. Remunerative policies for the Board of
Commissioners and the Board of Directors;
b. Overall remunerative policies for the
Executive Officers and employees of BRI to
be submitted to the Board of Directors.
3. Recommend the granting of options to
Annual Report 2008 Bank Rakyat Indonesia
49.
the Board of Commissioners, the Board of
Directors, and the employees of BRI, among
others the stock option;
4. Recommend the pension plan for BRI
employees;
5. Recommend the system of compensation
and other benefits in the matter of employee
reductions in BRI.
C. Miscellaneous
1. Evaluate and provide recommendations to
the Board of Commissioners on employment
policies and other functions in HR management
that may have a significant impact on financial
and/or legal risks to BRI;
2. Provide recommendations to resolve internal
and/or external audit findings and the results of
Bank Indonesia monitoring activities, specifically
for policies in HR management;
3. Execute the administer documents related
to the duties and responsibilities of the
Committee.
Procedures for Setting Remunerations of Directors,
Commissioners, and Secretary to Commissioners
NRC composes the salary/honorarium formulas for the
Board of Directors, the Board of Commissioners, and
the Secretary of the Board of Commissioners based on
the Circular of the Secretary of the Ministry of State-
owned Companies No. S-326/S.MBU/2002 dated
3 May 2002. This salary/honorarium formula is then
submitted to the Board of Commissioners for approval
of the Board of Commissioners and the Board of
Directors, then submitted for consultation to the holder
of the Golden A Share to be decided later in the AGMS.
Procedures for Determining Other Facilities/Benefits for
the Board of Commissioners, the Board of Directors,
and the Secretary of the Board of Commissioners
Based on the decision of the AGMS dated 22 May
2007, the AGMS grants authority to the Board
of Commissioners to determine the granting of
other facilities and/or benefits to the Board of
Name Membership Attendance (%)
B.S. Kusmuljono
Aviliani
Agus Pakpahan
M. Jarot Eko Winamo
Eko Boedi Soelistiyo
Indira A. Suleiman *
Chairman
Member
Member
Member
Member
Member
100,00
100,00
88,89
100,00
100,00
100,00
*) Resigned from NRC membership effective 30 September 2008.
The Agenda of the NRC meetings in 2008 were as
follows:
No Date Agenda
1.
2.
3.
4.
5.
6.
7.
8.
9.
18 Jan 2008
19 Feb 2008
15 Apr 2008
6 May 2008
24 Jun 2008
4 Jul 2008
14 Aug 2008
2 Sep 2008
7 Nov 2008
Discussion on the activities and the work
agenda of NRC for 2008.
Discussion on the progress of the spin-off
project and HR treatment of BRI Sharia unit.
Discussion on preparation of BRI GMS for
financial year 2007.
Discussion on the follow-up of the letter from
BRI’s Labor Union pertaining to wage increase.
Discussion on the BOD proposal on facilities for
Directors, Commissioners and Secretary to the
Commissioners.
Discussion on the facilities provided to the
Directors, Commissioners and Secretary to the
Commissioners
Discussion on the remuneration for Directors
and Commissioners.
Discussion on the resignation of Indira A.
Suleiman from the Committee
Discussion on the results of interviews of
candidates to the Board of Directors and Board
of Commissioners of Bank Syariah BRI.
Commissioners, the Board of Directors, and the
Secretary of the Board of Commissioners after prior
consultation with the holder of the Golden Series A
Share.
Frequency of NRC Meetings
NRC meetings are conducted at least once a month
and at any time necessary. The decisions in the
committee meeting are made on consensus basis. If
consensus cannot be reached, decisions are made on
majority voting basis.
Meeting attendance records of members of the NRC in
2008:
Annual Report 2008 Bank Rakyat Indonesia
50.
Action Plans and Realization of the Nominations and
Remunerations Committee
NRC has executed the following action plans
throughout 2008:
1. Improve Guidelines and Work Procedures of NRC
(NRC Charter) in the form of the Guidelines on
the Duties of the Board of Commissioners and its
Committees pursuant to Bank Indonesia Regulation
No. 8/4/2006 on the Implementation of Good
Corporate Governance for Commercial Banks;
2. Evaluate the facilities and benefits for the Boards
of Directors and Commissioners, and give inputs
concerning the remunerative policies for the Board
of Directors and the Board of Commissioners
in accordance with current market practice and
conditions;
3. Recommend candidates for the membership to the
Board of Commissioners or the Board of Directors
to the Commissioners for statement in the Annual
General Meeting of Shareholders of BRI;
4. Provide analysis and recommendations for post-
official pensions for the Board of Directors, Board
of Commissioners and Secretary of the Board of
Commissioners;
5. Provide recommendations to the Board of
Commissioners and interviewing candidates for
membership in the Audit Committee of BRI;
6. Evaluate personnel cost through both internal
analysis and comparison with other major banks;
7. In cooperation with the Audit Committee, the
Risk Management Monitoring Committee and the
Secretary of the Board of Commissioners assist the
Board of Commissioners in reviewing the evaluation
and approval of BRI’s Budget for the year 2008;
8. In cooperation with the Audit Committee, the
Risk Management Monitoring Committee and the
Secretary of the Board of Commissioners assist
the Board of Commissioners in reviewing the
evaluations and approvals of the Business Plan of
BRI for the years 2008-2010;
9. Provide opinion and evaluation concerning the
policies of HR management, among others:
a. Benefit policy for the Officers and Committees
of BRI;
b. HR policy concerning Personnel Grade,
Dismissal Policy, Labour Recruitment and
Outsourcing;
c. HR policy for BRI Sharia Business Unit;
10. Provide inputs and recommendations related
to the improvement of the organization of the
Commissioners’ Institutions of BRI, including the:
a. Commissioner Manuals (Manuals and
Procedures of Commissioners’ Duties) that
have been standardized in the working manuals
of the Board of Commissioners;
b. Duties and responsibilities of the Secretary of
the Board of Commissioners.
11. Prepare and plan the annual budget of the Board
of Commissioners and the annual budget for
the Board of Commissioners’ Institutions and
Committees.
12. Attend the Board of Directors and the Board of
Commissioners Meetings that discuss the monthly
performance progress of BRI.
13. Undertake other duties as requested by the Board
of Commissioners.
3. Risk Management Monitoring Committee (RMMC)
Structure, Memberships, Expertise, and Independency
of RMMC Members
RMMC is chaired by an Independent Commissioner
with a number of RMMC members who have financial
and risk management expertise so as to properly
support their duties and responsibilities.
The composition of the Risk Management Monitoring
Committee as of 31 December 2008 was as follows:
Name Membership Position
Baridjussalam Hadi
Agus Suprijanto
Ridwan Darmawan Ayub
Pamuji Gesang Raharjo
Chairman
Member
Member
Member
Independent Commissioner
Commissioner
Non Commissioner
Non Commissioner
Annual Report 2008 Bank Rakyat Indonesia
51.
parties that must be approved by the Board of
Commissioners.
5. Provide opinions and/or recommendations on the
granting of credit above a certain amount which
needs a consult with the Board of Commissioners.
6. Provide opinions and recommendations to
the Board of Commissioners in approving the
annual budget, business plan and the long term
development plan of the Bank.
7. Evaluate and analyse the reports of the realization
of the Bank’s annual budget, business plan and
long-term development plan.
Frequency of RMMC Meetings
In view of the wide range and number of the issues
related to risk management in BRI that must be
evaluated, it is agreed that some of the meeting agenda
of the committee - such as the discussion of legal
risks, operational risks etc. - are included in the weekly
Commissioners’ Meeting.
Meeting attendance records of members of the RMMC
in 2008 were as follows:
Name Membership Attendance (%)
Baridjussalam Hadi
Agus Suprijanto
Ridwan Darmawan Ayub
Pamuji Gesang Raharjo
Chairman
Member
Member
Member
100
100
100
100
The agenda of the RMMC meetings in 2008 were as
follows:
No Date Agenda
1.
2.
3.
4.
23 Jul 2008
5 Aug 2008
9 Sep 2008
23 Sep 2008
Issues, challenges and strategies in information
technology and system.
Issues and management of legal risk (collateral
pledging and assets write-off, legal assistance
to management and employees of BRI, handling
of law suits from third parties).
Working relations between Internal Audit and
Risk Management Division of BRI.
Progress of the credit risk management
implementation by the Basel II Project Office
Team.
Profiles of the Members of the RMMC
The profiles of Baridjussalam Hadi and Agus Suprijanto
are presented in the Commissioners’ Curriculum Vitae
on pages 114-117 of this Annual Report.
Ridwan Darmawan Ayub – born in Bogor, 7 July
1962. Member of the Risk Management Monitoring
Committee since 2006. Member of the Risk
Management Task Force of Bank Indonesia for
the implementation of Basel II. Previously the Vice
Chairman of the Operational Risk Division, Bank
International Indonesia (2002-2005). Bachelor’s
Degree in Social and Political Sciences from the
Parahyangan Catholic University, Bandung (1985) and
a Master’s Management degree in Finance from Mercu
Buana University, Jakarta (2008).
Pamuji Gesang Raharjo – born in Jakarta, 10 April
1968. Member of the Risk Management Monitoring
Committee since 2007. Previously had careers at BNI,
Bank Danahutama, and Bank International Indonesia
in various positions. Holds the Bachelor of Economy
Degree from the Prof. Dr. Moestopo University, Jakarta
(1996) and an MM in Risk Management from the
University of Indonesia, Jakarta (2003).
Duties and Responsibilities of RMMC
1. Regularly evaluate and analyse the adequacy of risk
management policies and give opinions in the form
of suggestions and/or recommendations to the
Board of Commissioners concerning the necessary
improvement and perfection of risk management.
2. Review and analyse quarterly risk profiles of
the Bank and provide opinions in the form
of suggestions and/or recommendations for
necessary improvement and perfection of risk
management.
3. Monitor the adequacy of the process of
identification, measurement, monitoring, controlling
and management system.
4. Evaluate and analyse the suggestion packages of
the Board of Directors for fund provision for related
Annual Report 2008 Bank Rakyat Indonesia
52.
RMMC has executed the following action plans
throughout 2008:
1. Compose the 2008 action plan.
2. Evaluate the operational risk management tools at
BRI (Incident Management, Major Risk Indicators,
Risk and Control Self-Assessments).
3. Review the results of the Risk Management
Committee of BRI meetings.
4. Evaluate the Performance Report of the Credit
Portfolio of BRI.
5. Evaluate the internal and external compliances of
BRI.
6. Evaluate the General Credit Policies of BRI.
7. Review the quarterly report on the risk profile of
BRI.
8. Give recommendations (suggestions and opinions)
on the Credits proposal consulted with the Board of
Commissioners.
9. Review and evaluate the budget of BRI for 2008,
including suggestions for its amendments.
10. Accompany the Commissioners in work visits to
several Regional Offices and Branch Offices of BRI.
11. Attend the Board of Commissioners’ and Board
of Directors’ Meetings that discuss the monthly
performance progress of BRI.
12. Attend the Commissioners’ Meetings and
Managing Directors in discussing the issues related
to duties of the Managing Directors
13. Undertake other duties as requested by the Board
of Commissioners.
II. Board of Directors
A. Directors’ Duties and Responsibilities
1. Number, Composition, Criteria, and
Independency The Board of Directors:
The Board of Directors consists of 10 people,
every one of whom is experienced in banking
operations as Bank Executives for more than 5
(five) years.
All of BRI Directors have domicile in Indonesia.
They have adequate competency and integrity
in accordance with the fit & proper test
requirements.
BRI Directors do not have double positions as
the Commissioners, Directors, or Executive
Officers in other banks/institutions, and do not
have familial relationships with other members
of Board of Commissioners or Board of
Directors.
The composition of the Board of Directors of BRI are as
follows:
No. Name Position
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Sofyan Basir
Sarwono Sudarto
Abdul Salam
Sulaiman Arif Arianto
Sudaryanto Sudargo
A. Toni Soetirto
Lenny Sugihat
Bambang Soepeno
Asmawi Syam
Suprajarto
President Director
Director of Operations
Director of Finance
Director of MSME Business
Director of Commercial Business
Director of Consumer Business
Director of Credit Risk Control
Director of Compliance/Risk Management
Director of Institutional Business
Director of Network and Services
2. Duties and Responsibilities of the Directors
In undertaking their main duties and
responsibilities in managing the company,
in accordance with the decision of General
Meeting of Shareholders, the fields of each
Director was determined as indicated the table
above; and each Director is responsible for his/
her field to the President Director.
General Responsibilities
1. Being responsible for the coordination, monitoring
and leading of the Bank’s management as well
as that of individual duties and responsibilities in
accordance with the Bank’s interests;
2. Maintaining and managing the assets of the Bank.
Realisation of the RMMC Work Program
Annual Report 2008 Bank Rakyat Indonesia
53.
Compliance to Rules and Regulations
1. Loyal and responsible in undertaking duties in
accordance with prevailing rules and regulations;
2. Each member of the Board of Directors is
individually responsible for his/her own errors or
neglect in the undertake of his/her duties;
3. Executing the processes of compliance and
ensuring that all obligations have been satisfied in
accordance with the Articles of Association and the
AGMS based on prevailing rules and regulations.
Relations with the Commissioners and Shareholders
1. Ensuring the implementation of the decisions made
by the AGMS, the Board of Commissioners and the
Articles of Association;
2. Providing information to the Commissioners and
the Shareholders; arranging communication with
Shareholders, Commissioners, and other interested
parties, including the duties and responsibilities of
the Board of Directors and each member of the
Board of Directors;
3. Being responsible to Shareholders and responding
to the suggestions of the Commissioners and
Shareholders;
4. Preparing regular reports on time in accordance
with prevailing rules and regulations and other
reports in accordance with the request of
Shareholders;
5. The Board of Directors is obligated to hold AGMS
based on the written request of one or more
Shareholders who have valid voting rights and who
represent at the very least 1/10 (one tenth) of the
number of shares issued;
6. Composing and maintaining a List of Shareholders
and a Special List containing the possession of
shares in the hands of the members of the Boards
of Commissioners and Directors and their families
both in the Bank and in other companies;
7. Consulting the granting of credit above a certain
amount with reference to prevailing regulations;
8. In relation with the above paragraph 7, the Board
of Directors must ensure that the credit granted
will not be divided into amounts smaller than the
regulated credit granted that must be consulted
about;
9. Setting the vision, mission, values and corporate
culture of the Bank;
10. Keeping the Bank’s activities in line with the
business activities and the objectives of the Bank;
11. Making work plans, annual budgets, and other
plans related to the business of the Bank;
12. Approving the remunerations for senior
management and key personnel, and maintaining
the consistency of these remunerations with the
culture, objectives, strategies, and other duties
and responsibilities stated in prevailing Regulations
and the Articles of Association of the Bank and the
environs of the Bank;
13. Balancing the interest of all of the stakeholders of
the Bank.
Financial Accounting and Annual Reports
1. Maintaining the bookkeeping and administration of
the Bank in accordance with accepted practices of
a company;
2. Composing an accounting system that matches
the Accounting Standards of Indonesia and the
principles of internal control, especially in terms of
recording, archiving, monitoring and management;
3. Preparing Annual Reports, including Financial
Reports, and to account for those reports in the
AGMS.
Risk Management and Control
1. Maintaining the following processes of risk
management:
a) Ensuring that the Bank has the proper and
systematic processes in identifying, measuring,
and controlling the risks;
b) Ensuring that proper systems and processes
have been executed in monitoring and reporting
the main risks faced by the Bank;
Annual Report 2008 Bank Rakyat Indonesia
54.
c) Monitoring and evaluating the existence of
good management processes in assessing the
adequacy of the risk management system and
the internal control, the financial reporting and
the compliance;
d) Ensuring the existence of an effective control
system in order to ensure:
i. the reliability and integrity of the information;
ii. the compliance with the prevailing policies,
plans, procedures, rules and regulations;
iii. the maintenance of the assets of the Bank;
iv. the economic and efficient use of resources;
v. the achievement of the determined
operational objectives and targets.
e) Executing annual evaluations for making public
statements concerning internal control at the
Bank, to ensure that all significant aspects of
internal control have been considered for the
evaluated year up to the date of the approval
of the annual report.
2. Creating clear organisational, duty, and
responsibility structures, including the appointment
of the management;
3. Effectively making use of the audit results of both
the Internal and External Auditors.
Specific Responsibilities
President Director:
Representing the bank in coordinating and monitoring,
and acting as the Head of the Board of Directors.
Members of the Board of Directors:
1. Developing the action plans for each field of
responsibility and each Operating Unit lead by each
Director;
2. Coordinating and monitoring each allocation of
responsibility and Operating Unit;
3. Taking all necessary actions to ensure that the
decisions taken by the Board of Directors are in line
with prevailing rules and regulations;
4. The delegation of the duties and authorities of each
member of the Board of Directors is determined
by the AGMS. If the AGMS does not determine
this delegation of duties and responsibilities, then
the delegation of duties and responsibilities among
the Board of Directors is determined based on the
decision of the Board of Directors.
Compliance Director
The main responsibilities of the Compliance Director
are:
1. Determining the necessary steps to ensure
that the Bank complies with the Regulations of
Bank Indonesia and with the prevailing rules and
regulations;
2. Monitoring and maintaining the business activities
of the Bank from deviating from prevailing
regulations;
3. Monitoring and maintaining the compliance of the
Bank with all agreements and commitments made
by the Bank with Bank Indonesia;
4. Ensuring that the Board of Directors does not
make decisions that violate the regulations of Bank
Indonesia and other prevailing rules and regulations;
5. Submitting reports as regulated in Bank Indonesia
Regulation No. 1/6/PBI/1999 dated 20 September
1999 concerning the Appointment of the
Compliance Director and the Implementation of the
Standards for the Execution of the Internal Audit
Function of Commercial Banks.
Other Duties
Other duties and responsibilities are as stated in
prevailing rules and regulations and in the Articles of
Association of the Bank.
Directors’ Meeting
The Directors regularly hold internal meetings to
discuss issues that require Directors’ consideration and
to discuss other strategic plans.
Annual Report 2008 Bank Rakyat Indonesia
55.
Secretary I : Head of Risk Management Division
Secretary II : Head of Credit Administration
Division
Permanent Members with voting rights are
RMC members who have the voting rights
when the decision of an issue is not unanimous,
which would render a vote necessary.
Permanent Members with voting rights are all
members of the Board of Directors.
Permanent Members without voting rights are
officers of one level below the appointed Board
of Directors, comprising of:
(i) All Heads of Divisions,
(ii) Regional Managers of Jakarta I and II
Regional Offices,
(iii) Manager of Special Branch Office.
Duties and Responsibilities of RMC
a. Provide recommendations to the President
Director in formulating the General
Policies of Risk Management, as well as
amendments if necessary; and suggesting
these to the Boards of Commissioners and
Directors for approval.
b. Provide recommendations to the President
Director in formulating Risk Management
Strategies, including the setting of limits
which overrides the authority of the Head of
the Operating Units, and the formulation of
contingency plans for abnormal conditions
(worst case).
c. Evaluate overall risk composition in the
portfolio of the bank.
d. Determine (justify) issues related to business
decisions which deviate from normal
procedures (irregularities).
e. Evaluate proposals related to new activities/
products and judging the ability of BRI to
The attendance records of the Directors at the Board of
Directors meetings in 2008, were as follows:
NameNumber of Meetings
AttendancePercentage
(%)
Sofyan Basir
Sarwono Sudarto
Sulaiman A. Arianto
A. Toni Soetirto
Abdul Salam
Lenny Sugihat
Sudaryanto Sudargo
Bambang Soepeno
Asmawi Syam
Suprajarto
21
21
21
21
21
21
21
21
21
21
17
17
19
17
17
16
19
19
18
15
80.95
80.95
90.48
80.95
80.95
76.19
90.48
90.48
85.71
71.43
The attendance records of the Directors at the Board
of Directors meetings with the Commissioners in 2008,
were as follows:
NameNumber of Meetings
AttendancePercentage
(%)
Sofyan Basir
Sarwono Sudarto
Sulaiman A. Arianto
A. Toni Soetirto
Abdul Salam
Lenny Sugihat
Sudaryanto Sudargo
Bambang Soepeno
Asmawi Syam
Suprajarto
6
6
6
6
6
6
6
6
6
6
6
6
6
3
5
4
6
5
5
4
100.00
100.00
100.00
50.00
83.33
66.67
100.00
83.33
83.33
66.67
B. Completeness and Execution of Committees’
Duties
Committees formed in order to support the
effectiveness of the execution of the Directors’
duties and responsibilities are:
1. The Risk Management Committee (RMC)
Structure, Memberships, Expertise, and
Independency of RMC Members
Chairman : President Director (CEO)
Chairman I : Director of Compliance
Chairman II : Director of Credit Risk Control
Annual Report 2008 Bank Rakyat Indonesia
56.
execute these new activities/products from
the risk aspect, and evaluating proposals
for changes in the system and work
procedures.
f. Monitor the adequacy of BRI capital
against described risks in accordance with
prevailing regulations.
g. Evaluate the effectiveness of the applied
risk management system.
h. Grant authority to the Sub-committees of
RMC (Credit Risk Management Committee,
Operational Risk Management Committee
and Market Risk Management Committee)
to discuss specific issues that need
immediate handling and do not require the
involvement of all members of RMC.
Frequency of RMC Meetings
RMC conducts meetings regularly, at least 1
(once) in 3 (three) months. Besides this regular
meeting, RMC may conduct unscheduled
meetings to discuss urgent matters.
Schedule and agenda of RMC meetings in 2008:
No Date Agenda
1. 15 Feb 2008 a. Follow-up Report on RMC IV of 2007
b. Report on Risk and Capital
c. Report on Risk Management Implementation
d. Report on Test Planning Switch Over 5 and
Evaluation on Testing of Alternate Site for
Clearing System
e. Profile of BRI Credit Card
f. Kick Off Meeting of Micro KUR
2. 4 Jun 2008 a. Follow-up Report on RMC I of 2008
b. Report on Risk and Capitalisation
c. Report on Risk Management Implementation
3. 22 Sep 2008 a. Effects on implementation of PSAK 50 and 55
b. Follow-up Report on RMC II of 2008
c. Report on Risk and Capitalisation
d. Report on Risk Management Implementation
e. Condition of floor load capacity of BRI Data
Centre
4. 19 Dec 2008 a. Effects of the global crisis and anticipative
measures by BRI
b. Follow-up Report on RMC III of 2008
c. Report on Risk and Capital
d. Report on Risk Management Implementation
RMC’s Action Plans and Realization
The RMC Action Plan for 2008 was as the
above topics and agenda, and the realization of
these plans are as stated In the Follow Through
Report of RMC.
2. Assets and Liabilities Committee (ALCO)
Structure, Membership, Expertise, and
Independency of Assets and Liabilities
Committee Members
The organization structure of the Assets and
Liabilities Committee is as follows:
Chairman (as well as Member): President
Director
Ad interim Chairman I (as well as Member):
Director of Finance
Ad interim Chairman II (as well as Member):
Director of Consumer Business
Secretary (as well as Member): Head of
Treasury Division
Members:
1. Directors
2. All Heads of Business Divisions
3. Head of Funds Services Division
4. Head of Credit Card Division
5. Head of Consumer Loans Division
6. Head of Institutional Relations Division
7. Head of Financial and Management
Accounting Division
8. Head of Credit Risk Analysis Division
9. Head of Loans Restructuring and Recovery
Division
10. Head of Credit Administration Division
11. Head of Risk Management Division
12. Head of Strategic Planning Division
13. Regional Managers
Annual Report 2008 Bank Rakyat Indonesia
57.
Roles and Responsibilities of the Assets and
Liabilities Committee
This committee is in charge of determining
the integrated management policies of BRI’s
assets and liabilities, and ensuring that the
management of assets and liabilities are
executed in accordance with the policies set. In
a broader sense, ALCO is also responsible for
managing the Bank’s liquidity, setting interest
rates, determining the policies for mismatch
and net open position, and managing and
determining the financial and capital balance
structures.
Frequency of Committee Meeting
ALCO holds a meeting periodically, at
least once a month in order to discuss the
management of assets and liabilities of BRI
related to the Directors’ policies and strategies.
Realization of the Assets and Liabilities
Committee’s Action Plans.
Throughout 2008, ALCO has held 13 meetings.
The issues discussed in the ALCO meetings
were among others the conditions of the money
market and capital market, the bank interest
rates, and the balance of the asset and liability
positions.
3. The Credit Committee
Structure, Membership, Expertise, and
Independency of Credit Committee Members
(1) Based on the memberships and inherent
authority, the Head Office Level Credit
Committee is divided into:
a. BRI Credit Committee
b. Credit Committee at Directors Level
c. Credit Committee at Divisional Head
Level
d. Credit Committee at Divisional Deputy
Head Level
(2) Structure of BRI Credit Committee
Apart from the Credit Committee at the Head
Office, BRI also has Credit Committees at the
Regional Office level. For credit decisions, BRI
applies the principle of prudence by ensuring
that each credit decision satisfies the Four Eyes
Principle, which involve the Credit Officer and
the Credit Risk Control Officer.
For decisions in credit restructuring - apart from
the Four Eyes Principle in the application of the
principle of prudence - decision-making must
apply the principle of independence between
the initial decision maker and the restructuring
decision maker, as well as keeping in mind the
existence of a regulation that states that the
decision must be taken by an officer or credit
committee of one level higher.
Duties and Responsibilities of the Credit
Committee
The duty of the Credit Committee is to approve
or reject credits, including the loan addition,
extension and additional terms of credit in
accordance with the limits of authority set by
the Board of Directors; and coordinating with
ALCO in funding for certain amounts of credit
set by ALCO.
Meetings of the Credit Committee are convened
when new credit decisions or credit extensions
are needed. Specific to decisions of the Credit
Committee of BRI and the Credit Committee
of the Board of Directors, these are executed
Credit Comitee Members Chairperson
BRI Credit Committee (for loan approval)
Director of Commercial BusinessDirector of Institutional BusinessDirector of MSME BusinessDirector of Consumer BusinessDirector of Credit Risk Control
President Director
BRI Credit Committee (for money market line and treasury product approval)
Director of FinanceDirector of Commercial BusinessDirector of Institutional BusinessDirector of MSME BusinessDirector of Consumer BusinessDirector of Credit Risk Control
President Director
Annual Report 2008 Bank Rakyat Indonesia
58.
based on the majority principle, while the
decisions of other Credit Committees are taken
unanimously, or the decision is taken when all
members of the Credit Committee agree to it.
Apart from that, a credit with a minimum total
exposure of Rp300 billion, both for individual
debtors and business groups, must be
consulted with the Board of Commissioners.
Specific for agribusiness credits and credits to
State-owned Companies, a consultation with
the Board of Commissioners is required when
the total exposure of the credit is at least Rp600
billion and Rp500 billion respectively.
4. Credit Policy Committee
Structure, Membership, Expertise, and
Independency of the Credit Policy Committee
Members
Chairman: President Director
Members:
1. Director of Credit Risk Control
2. Director of MSME Business
3. Director of Commercial Business
4. Director of Finance
5. Head of Credit Administration Division
6. Head of Internal Audit
7. Head of Credit Risk Analysis Division
8. Head of Loans Restructuring and Recovery
Division
9. Head of Micro Business Division
10. Head of Retail Credit Division
11. Head of Consumer Credit Division
12. Head of Program Business Division
13. Head of Agribusiness Division
14. Head of General Business Division
15. Head of Treasury Division
16. Head of International Business Division
17. Head of Strategic Planning Division
18. Head of Legal Division
The Roles and Responsibilities of Credit Policy
Committee are as follows:
1. Provide inputs to the Board of Directors in
composing the General Credit Policies of
BRI;
2. Monitor the Credit Policy of BRI in that it
is applied and implemented consequently
and consistently;
3. Monitor and evaluate:
a. The overall progress and quality of the
credit portfolio;
b. The correctness of the exercise of the
credit decision authority;
c. The correctness in the granting,
progress and quality processes of
credits granted to parties related to the
bank and to certain large debtors;
d. The correctness of the implementation
of Legal Lending Limit regulations;
e. The compliance with rules and
regulations and other stipulations in
granting credits;
f. The settlement of problem loans in
accordance with the stipulations of the
General Credit Policy of BRI;
g. The adequacy of the amount of
reserves for loan loss provision;
h. Certain large debtors and credits listed
in the Special Mention Loans.
4. Execute regular reviews to judge the
effectiveness of the Internal Credit Control
System once every 12 (twelve) months.
5. Monitor and provide suggestions for the
planning and implementation of credit
trainings.
6. Submit written reports regularly and
provide suggestions for improvements to
the Board of Directors.
7. Analyse and evaluate the portfolio to
support the achievement of Annual
Budget.
Annual Report 2008 Bank Rakyat Indonesia
59.
5. Information Technology Steering Committee
In line with the regulations outlined by Bank
Indonesia through the Regulation of Bank
Indonesia No. 9/15/PBI/2007 dated 30
November 2007 and the Circular of Bank
Indonesia No. 9/30/DPNP dated December
12th, 2007, both concerning the Application
of Risk Management in the use of Information
Technology by Commercial Banks, BRI has
formed two Information Technology Steering
Committees called the Information Technology
Steering Committee of BRI. The internal
regulations of BRI that form the basis of
formation of these two committees are:
1. Decree of the Board of Directors of BRI
NOKEP: S.10-DIR/TSI/02/2003 concerning
the Steering Committee of the Policies and
Management of Information Technology
and System (ITS) of Bank Rakyat
Indonesia; and
2. Decree of the Board of Directors of BRI
NOKEP: S.11-DIR/TSI/02/2003 concerning
the Technical Steering Committee of
Information Technology and System of (ITS)
of Bank Rakyat Indonesia.
Structures, Membership, Expertise and
Independence of the Members of the
Information Technology and System Steering
Committee
Steering Committee
The Policies and Management of Information
System and Technology comprise of:
1. Chairman as well as member: President
Director
2. Vice Chairman as well as member: Director
of Operations
3. Secretary: Head of Technology and
Information System Division
4. Members:
- Head of Strategic Planning Division
- Head of Funds and Services Division
- Head of Micro Business Division
- Head of Retail Loans Division
- Head of Agribusiness Division
- Head of General Business Division
- Head of Program Business Division
- Head of Treasury Division
- Head of International Division
- Head of Internal Audit
- Head of Credit Card Division
The Technical Information Technology and
System Steering Committee comprises of:
1. Chairman as well as member: Director of
Operations
2. Vice Chairman as well as member: Head
of Technology and Information System
Division
3. Secretary: Group Head of ITS Planning and
Strategies
4. Members:
- Head of Strategic Planning Division
- Head of Consumer Loans Division
- Head of Micro Business Division
- Head of Retail Loans Division
- Head of Agribusiness Division
- Head of General Business Division
- Head of Program Business Division
- Head of Logistics and Fixed Assets
Management
- Head of International Business
- Head of Financial and Management
Accounting Division
- Head of Internal Audit
- Deputy Heads of Technology and
Information System Division
- Senior System Analysts and Senior
Business Analysts
- Department Head of Budget Planning
and Management Information
System for Accounting and Financial
Management
Annual Report 2008 Bank Rakyat Indonesia
60.
As we can see from the above memberships
and structures, both committees have
representatives from the Business Divisions,
users of information technology with skills
and experience in their respective fields of
professions. This condition will certainly
support the objectivity and independence of
the two steering committees, so that they can
execute their duties effectively and efficiently.
Duties and Responsibilities of Committees
The duties, responsibilities and authorities of
the Policies and Management of the Information
Technology and System Steering Committee of
BRI are as follows:
1. Determine the direction, policies, and
targets for the development of the
Information Technology and System of
BRI for both medium term (three years)
and long term (five year) periods stated
in the Planning and Strategies for the
Development of Information Technology
and System (ITS) Guidelines of BRI.
2. Set priorities for information technology and
system in accordance with the business
strategic plans that will be executed by BRI
management in both medium- and long-
term.
3. Form and determine the Information
Technology and System Technical
Steering Committee that has the main
duty of steering the development and
implementation of BRI’s information
technology and system project for the short
term (annual).
4. Monitor the implementation of the
development of information technology
and system, with the intent that the
development will always stay in line with
the set Information Technology and System
Development Planning and Strategies
Guidelines of BRI.
5. Redefine the ITS guideline, plan and
strategy for the development for medium
to long term as a result of changes in the
business policies and strategies of BRI.
6. Decide on the ITS development strategies
that are not in line with the previously
set strategies due to extraordinary
circumstances, as long as it is still in
the general scope of the Information
Technology and System Development
Planning and Strategies Guidelines of BRI.
The duties, responsibilities, and authorities
of the Information Technology and System
Technical Steering Committee of BRI are as
follows:
1. Determine the priorities in developing and
implementing the information technology
and system of BRI for the short term
(annual), with references to Information
Technology and System Development
Planning and Strategies Guidelines of BRI.
Annual Report 2008 Bank Rakyat Indonesia
61.
2. Determine the Work Plan and the ITS
Investment and Exploitation Work Plan
Budget for the development, operation,
and maintenance of ITS in the short term
(annual).
3. Determine office management programs
for ITS projects that will be developed and
implemented, which would include:
a. The scope of the project;
b. The methodology of the project;
c. The organization of the project;
d. The team(s) for the project;
e. The budget of the project;
f. The time frame of the project; and
g. The quality assurance of the project.
4. Monitor and evaluate the execution of the
development project to ascertain that it is
still in-line with the previously set scope,
time frame, budget, and quality.
5. Redefine the ITS Work Plan and
Budget Work Plan due to extraordinary
circumstances with reference to the
previously set Information Technology
and System Development Planning and
Strategies Guidelines of BRI.
6. Submit ITS development projects that are
not wholly in line with the set Information
Technology and System Development
Planning and Strategies Guidelines of
BRI for decisions to the ITS Policy and
Management Steering Committee of BRI.
7. Submit reports to the Information
Technology and System Policy and
Management Steering Committee regularly
on the realization of the ITS development
programs managed by the Information
Technology and System Division.
Frequency of Committee Meeting throughout 2008
The Information Technology and System Steering
Committee of BRI has held three meetings. The dates
for these meetings are as follows:
No Date Topic/Meeting Agenda
1. 14 Feb 2008 • Organisation and realisation of budget for IT system in 2007
• Progress of IT system development • Operations of Data Centre and Disaster
Recovery Centre• Issues: Capacity Planning and Switch-Over
Simulation of DC-DRC
2. 29 Aug 2008 • Organisation and realisation of budget for IT system in 2008
• Progress of IT system development • Operations of Data Centre and Disaster
Recovery Centre• Issues on Infrastructure Readiness for Opening
of New Operating Units, Status on Trade Finance System, Status on Core Banking Sharia, HR Deficiency in the IT Division, Software Licences, Changes in the Priority for Application Development
3. 18 Dec 2008 • Brief on the Offline Incident of 2-5 Dec 2008• Follow-up on the Finding Result #3 of 2008 on
18 Dec 2008• Organisation and realisation of budget for IT
system in 2008• Capacity Planning• Readiness of Disaster Recovery Centre• Value Delivery and Development of IT• Issues with respect to the Construction of Data
Centre and IT Building, Maintenance of Gen-set and UPS, IT Plan 2008 and 2009, Follow-up Action on Bank Indonesia Audit Findings, Status on the Recruitment of IT Personnel
• Demonstration of Portal Data Warehouse
Action Plans of the Information Technology and
System Steering Committee and Realization
The action plan of the Information Technology
and System Committee is to discharge its
duties and authorities in accordance with the
materials in the Committee’s Meetings’ agenda.
6. The Human Resources Policy Committee
This committee was formed in 2008 with the
goal to improve the effectiveness, efficiency,
objectivity and transparency in decision making
concerning human resources; and to reassure
the stakeholders that the determination of HR
policies have been executed in line with the
principles of Good Corporate Governance.
Annual Report 2008 Bank Rakyat Indonesia
62.
The membership of the Human Resource Policy
Committee is as follows:
1. Chairman: President Director
2. Members: all members of the Board of
Directors
3. Secretary: Head of Human Resources
Management Division
4. Vice Secretary: Deputy Head of Human
Resources Management Division
The Authority of the Human Resources
Management
The authorities of the Human Resource Policies
Committee are as follows:
1. Human Resources (HR) Policy, including
among others HR planning, recruitment and
selection, career development, performance
management, prosperity, industrial,
assessment, and HR management
information system.
2. HR operations includes transfers
(promotions, rotations, demotions) of
Echelons 1 and 2 officers, performance
evaluations of Echelons 1 and 2 officers,
and disciplinary sanctions to Echelons 1
and 2 officers.
Ill. Implementation of Compliance, Internal
Audit, and External Audit Functions
1. Compliance Function
For the sake of upholding compliance to the
relevant laws and regulations, the compliance
function was undertaken through the following
activities:
a. Undertake testing and monitoring of
follow-up actions to test results.
b. Review of policy
c. Monitor agreement and commitment of BRI
to Bank Indonesia and other government
institutions.
d. Dissemination of external regulations to
related Operating Units for guidelines and
references in decision or policy making.
Compliance with prevailing regulations in the
framework of prudential banking is assured
by taking stock and reviewing of all prevailing
regulations.
BRI compliance policies as stipulated by the
Board of Directors are as follows:
- The policy for reviewing BRI’s existing rules
and regulations and making adjustments as
needed with changes in the prevailing rules
and regulations.
- Policy on examining prudential principles
regarding Directors’ policy and or decision
undertaken by BRI Compliance Director.
- Policy on meeting BRI obligation pertaining
to compliance with contracts and
commitment initiated by BRI Directors
with Bank Indonesia and other authorized
institutions.
- Policy on operational guidelines for
Compliance Desk and policy on Know
Your Customers (KYC) to comply with KYC
regulations.
2. Internal Audit Functions
BRI implemented an audit methodology called
Risk-Based Audit (RBA) which was gradually
implemented in accordance with the maturity
level of corporate risk management. With
this methodology, business process and
business units predicted to have significant
risks in achieving company’s objectives are
given priority to be audited, ensuring the
entire potential risks to be minimized to the
acceptance risk levels.
In 2008, BRI Internal Audit audited areas which
were predicted to be significantly potential
Annual Report 2008 Bank Rakyat Indonesia
63.
line with Audit Committee in the form of
coordination or regular audit findings reporting.
Internal Audits have evaluated the sufficiency
and effectiveness of internal control
and performance of line management
units. Besides, they also have evaluated
the sufficiency and effectiveness of risk
management process as well as corporate
governance of all aspects and elements of the
Bank businesses.
Internal Audit function is reviewed periodically
every 3 year by External Auditors for its
effectiveness and compliance to the Role of
Bank’s Internal Audit Function Standard. The
results showed that BRI Internal Audit Function
has played its role following the standards
given and continuously attempted to make
adjustment with the current standard best
practices. In the future, BRI Internal Audit
will do its best to make it perfect through
benchmarking and attending either national or
international seminars.
for disturbing the achievement of company’s
objectives. The role of BRI Internal Audit as
the catalyst for the growth of management
awareness of the significance of risk
management was well undertaken in relation to
the role of Internal Audit as a Strategic Business
Partner (SBP) of BRI Line Management.
In order to maintain the quality of audit findings,
sustainable quality development programs
are continuously held, both externally and
internally (using Internal Review Program). This
is conducted by examining all Internal Audit
Operating Units every year, or through quality
standard testing using international standard
ISO 9001 2000 based on samples from several
Regional Audit Offices.
In undertaking their duties, Internal Audits
are independent from operational Operating
Units, without pressure from any party in the
organization. They are directly accountable to
President Director and have communication
Annual Report 2008 Bank Rakyat Indonesia
64.
3. External Audit Functions
BRI has appointed the Public Accounting Firm
(PAF) that is registered with Bank Indonesia,
using GMS’ approval and Audit Committees’
recommendations. The selection of PAF was
in accordance with the existing laws and
regulations.
The appointment of PAF considered such
aspects as:
a. Capacity of PAF
b. Contract legality
c. Audit coverage
d. Standards of professional public
accountants
e. The communication between BRI and PAF
have been professional and independent.
IV. Risk Management Implementation,
including Internal Control System
Commissioners and BOD are quite active in
supervision through the committee created at
Directorate/Commissioner level (Risk Management
Committee, IT, Credit Committee, ALCO, etc.) for
monitoring and strategic decision making.
In accordance with the complexity and business
size as well as the Bank business targets, risk
management in BRI is implemented for all risks (8
types of risks), which is in line with BI regulations
built-in and widespread throughout the entire
operational Operating Units. The implementation
of risk management comprises risk identification,
major risk indicators, risk profiles, and formulation
of follow-up actions which are reported to the
management for its risk monitoring/control over
significant risks.
BRI has adopted policies, operational procedures,
risk management, and risk limits parameter/
indicators which are used in the measurement
and monitoring of risks for maintaining healthy
internal bank condition. In addition, information
and date management to support the process of
risk measurement and monitoring are continuously
updated and made perfect to support the Bank
business.
V. Related-Party Lending and Large Exposure
Loans
BRI has implemented prudential banking practices
through its diversified portfolio of lending; such that
there has been no violation against the legal lending
limit as per BI regulation in terms of either lending
to related parties or the provision of loans of large
exposure.
Furthermore, to ensure the independency of the
Bank’s management to possible intervention from
related parties with respect to deciding on loan
approvals, BRI has implemented the four eyes
principles for more than five years.
Below is total loans outstanding provided to related
parties and large exposure loans as of December
31, 2008.
No. Loans provided toNumber of
DebtorNominal Amount (Million Rupiah)
1.
2.
Related Party
Major Debtor
a. Individual
b. Group
6
25
25
749,905
18,229,942
20,898,417
Fund provision for related party and prime debtors
above has been given based on Good Corporate
Governance principles, which was proven by
the decision to provide funds in accordance with
the Bank General Credit Policies made by Credit
Committee as they are authorized.
Annual Report 2008 Bank Rakyat Indonesia
65.
VI. Bank Rakyat Indonesia Strategic Plans
For the implementation of GCG, BRI has developed
a system of corporate planning and control which
is systematically arranged, realistic, and integrated
without neglecting external and internal factors as
well as prudential banking practices as stipulated
in BI Regulation No. 6/25/PBV2004 dated October
22, 2004 and BI Circular No. 6/44/DPNP dated
October 22, 2004.
BRI has devised a Corporate Plan that is
divided into short-term planning (1 year) which is
manifested in the Annual Budgeting, a medium-
term planning (3 years) that is manifested in the
Business Plan, and long-term planning (5 years)
that is manifested in the Corporate Plan.
In order to realize those plans, BRI has formulated a
number of programs and strategies in business and
support sides, which are
- Focus on MSM businesses (Micro, Small, and
Medium)
- Expand network operations
- Strengthen risk management
- Utilize Information Technology for operational
efficiency and speed of services.
The management accountability regarding
the implementation of each planning is done
through the mechanism of General Meeting of
Shareholders, which includes an evaluation of
company organisational structure, system and
procedures, human resources, performance
appraisal system, as well as internal audit function
at every layer and unit in organisational structure.
VIl. Transparency of the Bank Financial and
Non-Financial Condition Not Stated in Other
Reports
BRI has disclosed all required financial and
non-financial information in line with the existing
regulations to its Shareholders, among others are:
No. Type of Report Addressee
1. Financial Report a. Central Bank of Indonesia
b. Bapepam-LK (Financial Institution
and Capital Market Supervisory
Board)
c. Indonesia Stock Exchange
d. State Audit Board
e. Ministry of SOE
f. Ministry of Finance
g. Deposit Insurance Institution
h. Directorate General of Taxation,
Ministry of Finance
2. Annual Report a. Central Bank of Indonesia
b. Bapepam-LK
c. Indonesia Stock Exchange
d. Indonesian Consumers Foundation
e. Indonesia Institute of Bankers
f. Indonesian Rating Agencies
g. Indonesian Banking Association
i. Finance and Economic Research
Institutions
j. Finance and Economic Magazines
3. Deposits Report Deposit Insurance Institution
4. Commercial Bank Report Central Bank of Indonesia
5. Risk-Weighted Assets
and Minimum Capital
Requirement Report
Central Bank of Indonesia
6. Use of IPO Proceed Report Bapepam-LK
7. Realization of Bank
Business Plan Report
Central Bank of Indonesia
8. Bank Ratings Report Central Bank of Indonesia
9. GMS Report a. Bapepam-LK
b. Indonesia Stock Exchange
10. Public Expose Report a. Bapepam-LK
b. Indonesia Stock Exchange
Annual Report 2008 Bank Rakyat Indonesia
66.
VIII. Shares Ownership of Commissioners and BOD
As of 31 December 2008 none of the
Commissioners and Directors of BRI hold shares
amounting to 5% of the paid-in capital of the
Bank, other banks, non-bank financial institutions,
and other companies located in Indonesia and
overseas.
The statement regarding the shares ownerships
has been stated in a Letter of Statement by each
Commissioner and Director.
IX. Financial and Familial Relationships of
Commissioners and Directors with other
Commissioners, Directors, and/or Controlling
Shareholder of the Bank.
All members of the Board of Commissioners
and Board of Directors do not have financial and
familial relationships with other members of the
Board of Commissioners, Board of Directors, and/
or Controlling Shareholders. The statement of not
having financial and familial relationships among
members of the Board of Commissioners and
Board of Directors has been stated in a Letter of
Statement.
X. Remuneration Policy/Package and other
Facilities for Commissioners and Directors
The Commissioners and Directors are entitled to
remuneration and facilities stated in the following
table. This is the amount that the Commissioners
and Directors may receive within a year.
No.Remunerationand Facilities
Amount Received in a Year
Commissioners Directors
Person Rupiah Person Rupiah
1. Remuneration 7 15,360,000,000 10 54,600,000,000
2. Facilitiesa. Ownershipb. Non
Ownership
7
7
1,222,700,000
1,605,552,000
10
10
4,196,233,333
6,185,700,000
TOTAL 18,188,252,000 64,981,933,333
The amount of remuneration per person in a year
No.Amount of Remuneration per
Person in a YearNumber of Directors
Number of Commissioners
1. above Rp2 billion 10 7
2. above Rp1 billion up to Rp2 billion - -
3. above Rp500 million up to Rp1 billion - -
4. Rp500 million and below - -
XI. Share Options
BRI has declared its internal policy pertaining
to share options provision by referring to the
Regulation of Capital Market Supervisory Agency
No.: Kep-44/PM/1 998, dated August 14, 1998.
The Share Option provision was executed in three
phases within 3 years as follows:
1. MSOP I was given during BRI Initial Public
Offering (IPO) on November 10, 2003.
2. MSOP II was carried out in the second year
after IPO.
3. MSOP III was carried out in the third year after
the IPO.
The shares owned by the Board of Directors
(except the President Director) were given while
they were the Executives of the Bank.
Annual Report 2008 Bank Rakyat Indonesia
67.
Details of Salary Ratio: The Highest and the
Lowest
The ratio consists of total cash=12-month salary
+ Paid Leave + Religious Allowance + Incentive +
Bonus.
a. Ratio of highest employee salary over lowest
employee salary = 18.83
b. Ratio of highest over lowest Director’s salary =
1.11
c. Ratio of highest over lowest Commissioner’s
honorarium = 1.11
d. Ratio of highest Director’s salary over highest
employee salary1 = 6.13
e. Ratio of highest Director’s salary over highest
employee salary2 = 2.88
Note: 1) Based on total annual cash (including tantiem) 2) Based on monthly salary
XIII. Meetings of the Board of Commissioners
In accordance with letters of the Articles of
Association of the Bank, meetings of the Board
of Commissioner are convened periodically at
least once a month, or at any time as required. In
those meetings, the Board of Commissioners may
invite members of the Board of Directors to attend
the meetings. Board of Commissioners Meetings
are officially legal and eligible for making binding
resolution if more than 1/2 (one-half) of the number
of Commissioner are in attendance or represented
by proxy. Resolution of the meetings are binding for
all members of the Board of Commissioners, and
decided upon the basis of consensus.
If a consensus could not be reached, the
resolutions are therefore subject to consenting
votes that exceed one-half part of the eligible votes
that are cast upon the meeting.
Description / Name
Number of
Shares Held
(shares)****
Number of Options
Option Price (Rp)
TimePeriod(year)Issued
(shares)Exercised (shares)
Commisioners Bunasor SanimAvilianiB.S. KusmuljonoBaridjussalam HadiAgus PakpahanAgus SuprijantoSaifullah Yusuf
-------
-------
Directors Sofyan BasirSarwono Sudarto *)Sudaryanto Sudargo *)Bambang Soepeno *)Lenny Sugihat *)Abdul Salam **)Sulaiman Arif Arianto *)A. Toni Soetirto **)Suprajarto *)Asmawi Syam *)
-160,500
1,000470,500630,000
65,000300,000
--
140,000
3,115,500836,500836,500668,500802,500
-805,500
-581,000836,500
3,115,500836,500836,500528,500802,500
-805,500
-581,000836,500
Pursu-ant to
IDX rules
55555
5
55
SeniorExecutives
17,025,000 14,491,500 Pursu-ant to
IDX rules
5
*) Option on shares that were given to the Directors with the exception of the President Director, representing shares allocated during which time the Directors were serving as the Bank’s Senior Executive, and in line with Bapepam-LK regulation.
**) Mr. Abdul Salam and A. Toni Soetirto do not own an MSOP in PT. Bank Rakyat Indonesia (Persero) Tbk
***) Senior Executives comprise of Echelon 1 and 2 officials of the level of Divisional Head, Deputy Divisional Head, Regional Manager, Deputy Regional Manager and Branch Manager
****) As per data from the Shares Registrar on 31 December 2008
Number of Options
XII. Salary Ratio: The Highest and The Lowest
For the purpose of attracting, motivating, and
retaining its best employees, BRI has formulated a
salary system that is based on the best practices
in the banking industry and constantly reviews
and updates the system to suit with business
development as well as changes in the banking
employment market practices. This is carried out
with due consideration for the Bank’s capability as
well as prevailing laws and regulations.
The salary of BRI employees is comprised of
principal salary, premium benefits, and transition
benefits, which are formulated to give appreciation
and recognition so as to achieve internal fairness
on the basis of:
a. Role and contribution of the positions
b. Relevant and proven working experience
c. Required expertise/skills and competencies
d. Performance achievement
Annual Report 2008 Bank Rakyat Indonesia
68.
XV. Litigation Cases
In running its business, BRI is not precluded
from legal actions which represent part of Bank’s
operations. In 2008, the number of litigation cases
with material claims value of more than Rp1.0
billion, were as follows:
Litigation CasesNumber
Civil Case Crime Case
Settled with a permanent legal verdict 0 0
Under due process 16 0
Total 16 0
Litigation cases still in due process are those at the
level of the First Instance Court, Appellate Court,
and the Supreme Court.
XVI. Transactions with Conflicting Interests
In 2008, the Commissioners and Directors did not
have conflicting interests when making decisions
and taking actions in the Bank’s best interest. All
regulations regarding the implementation of GCG
were formulated in a Joint-Decree between the
Commissioners Directors on the GCG Policy of PT
Bank Rakyat Indonesia (Persero), Tbk. and internal
Regulations on the Disclosure of Parties with
Particular Relationship.
In order to enhance the prudential aspects of
the Bank and avoid a conflict-of-interest among
decision-making officers of the Bank, the decision
on credit over a certain amount need to be
decided by several officers who are part of the
Credit Committee, and upon consultation with the
Commissioners. Moreover, the provision of credit to
a related party requires approval from the Board of
Commissioners.
In cases where a potential conflict-of-interest
is indicated, the instigating Operating Unit will
The following table shows the meeting attendance
record of the Commissioners in 2008:
Board of Commissioners Meetings:
Name Position Attendance %
Bunasor Sanim
Agus SuprijantoAgus PakpahanSaifullah YusufB.S. KusmuljonoBaridjussalam HadiAviliani
President Commissioner/Independent CommissionerCommissionerCommissionerCommissionerIndependent CommissionerIndependent CommissionerIndependent Commissioner
33
191217313128
100.00
57.5836.3651.5293.9493.9484.85
Joint Board Meetings:
Name Position Attendance %
Bunasor Sanim
Agus SuprijantoAgus PakpahanSaifullah YusufB.S. KusmuljonoBaridjussalam HadiAviliani
President Commissioner/Independent CommissionerCommissionerCommissionerCommissionerIndependent CommissionerIndependent CommissionerIndependent Commissioner
6
432455
100.00
66.6750.0033.3366.6783.3383.33
XIV. Number of Internal Frauds and Efforts to
Resolve Frauds
On the basis of data on fraudulent activities with
resulting loss of more than Rp100,000,000,- (one
hundred million Rupiah), there were no instances of
frauds committed by the Management of the Bank,
as presented below:
Internal Fraudin a Year
Number of Fraud Cases Committed by
Bank Management
Permanent Employees
Contract Workers
2007 2008 2007 2008 2007 2008
Total Frauds• Settled cases• In process of
settlement internally
• Have not undergone settlement process
• Being settled through legal proceedings
00
0
0
0
00
0
0
0
5235
11
1
5
3924
14
0
1
00
0
0
0
11
0
0
0
Annual Report 2008 Bank Rakyat Indonesia
69.
engage an independent Operating Unit to discuss
the matter such that any transaction that may not
be in the interest of the Bank could be avoided
altogether.
Based on tests carried out on decision-to-be-taken
on either credit or non-credit transactions as well
as on working agreements that had been signed by
the Directors, in 2008 there were no transactions
that could be categorised as a transaction that is
associated with a conflict of interests.
No.
Name and
Position
of Persons
with Conflict
of Interest
Name and
Position
of
Decision
Maker
Type of
Transaction
Transaction
Value
(Million
Rupiah)
Description
N I L
XVII. Buy Back Shares and/or Bonds
BRI has redeemed its Subordinated Notes,
designated as “US$150,000, 7.75% Subordinated
Notes due 2013”. The redemption was in
accordance with the stipulations in the Offering
Circular and Fiscal Agency Agreement and
requirement on redemption as stated in the Circular
Letter of Bank Indonesia No.26/1/BPPP of 29 May
1993. The early redemption was exercised on the
outstanding Notes in full at a strike price of 100% of
the nominal principal value of US$ 150,000 on 30
October 2008, including all accrued and accruing
interest up to said date. Bank Indonesia did not
have any objection to the early call option exercised
by BRI in this case.
XVIII. Fund Allocation for Social and Political
Activities, the Nominal Amount and Fund
Beneficiaries.
Fund allocation for Political Causes
In 2008, PT BRI (Persero) Tbk did not participate in
any funding for political activities.
Fund Allocation for Social Charities
In 2008, BRI expended charitable funds for the
following activities:
Activity Nominal Sum (Rp)
Corporate Social Responsibility (CSR) Rp54,535,000,000
TOTAL Rp54,535,000,000
XIX. Self-Assessment on GCG Implementation
In 2008, PT. Bank Rakyat Indonesia (Persero), Tbk.
conducted self-assessment on the implementation
of Good Corporate Governance (GCG), covering
such things formulated in the Bank Indonesia
Regulations. The result of this self-assessment was
categorized “VERY GOOD”. The followings is the
summary of the self-assessment:
Summary of Composite Scores of Good Corporate
Governance Self-Assessment:
No. ComponentWeight
(a)Rating
(b)Score
(a) x (b)Description
1. Execution of Roles and Responsibilities of the Board of Commissioners
10.00% 1 0.1 Number, composition, roles and responsibility of the Board of Commissioners have been executed effectively and efficiently in compliance with all regulations.
2. Execution of Roles and Responsibilities of the Board of Directors
20.00% 1 0.2 Number, composition, roles and responsibility of the Board of Directors have been executed effectively and efficiently in compliance with all regulations.
3. Adequacy and Execution of the Duties of Committees
10.00% 1 0.1 The composition and duties of the Committees have been executed in line with prevailing regulation and undertaken effectively and efficiently
4. Management of Conflict of Interest
10.00% 2 0.2 Bank BRI has implemented an internal policy on transaction containing a conflict of interest. There has been no transaction between BRI and related parties that contain any conflict of interest.
Annual Report 2008 Bank Rakyat Indonesia
70.
No. ComponentWeight
(a)Rating
(b)Score
(a) x (b)Description
5. Implementation of Bank Compliance
5.00% 2 0.1 Implementation of Bank compliance is considered Good. The execution of the duties and responsibilities of the Director of Compliance and the Compliance Division has been effective. Guidelines, systems and procedures are available in adequate scope.
6. Implementation of Internal Audit
5.00% 1 0.05 Execution of internal audits has been extremely effective, in line with internal guidelines and the minimum standards of SPFAIB.
7. Implementation of External Audit
5.00% 1 0.05 The Bank has appointed the Public Accounting Firm with due consideration on prevailing rules and regulations. The appointed PAF and public accountants have done their duties professionally and independently, and forwarded their audit results within the agreed scope of assignments.
8. Implementation of Risk Management and Internal Control
7.50% 3 0.225 Identification and mitigation of all Bank risks are considered effective to maintain an internally sound condition of the Bank. Procedures on the implementation of internal control are adequately comprehensive and in line with the objective, scale and complexity of the businesses of the Bank.
9. Lending and Fund Provision to Related Parties and Large Debtors
7.50% 1 0.075 BRI has written policies, systems and procedures that are updated a highly comprehensive, to ensure that decision making for funds placement is taken independently, and that funds are fully diversified in order to prevent the possibility of breaching/violating the Legal Lending Limit.
10. Transparency on the Bank’s Financial and Non-Financial Conditions, GCG Implementation Report and Internal Report
15.00% 2 0.3 BRI submits financial and non-financial information in adequate scope, in line with regulations governing dissemination of information to stakeholders that should also be readily accessible. The report on GCG has been submitted in accordance with requirement.
11. Strategic Plan 5.00% 1 0.5 The formulation and implementation of the Bank Business Plan are based on the Bank’s vision and mission statements.
Composite Score
100.00% 1.450
Description of the Composite Score
Composite Score Predicate
Composite Score < 1.5
1.5 < Composite Score < 2.5
2.5 < Composite Score < 3.5
3.5 < Composite Score < 4.5
4.5 < Composite Score < 5
Very Good
Good
Fair
Bad
Very Bad
Follow-up Plans
Component Action PlanCompletion
PeriodObstacle
Implementation of Risk Management and Internal Control
a. Improving the risk database management system
b. Developing IT and MIS that support the implementation of an integrated risk management
c. Procuring the market risk management application to support effective daily monitoring and reporting to Management.
Throughout 2008
-
Strengths and Weaknesses of the GCG Implementation
at BRI
Strengths
Commissioners and Board of Directors have strong
commitment to implement GCG in every BRI business
activities by building understanding, concerns, and
commitment of all company’s organs in all layers. To
support this condition, BRI has adopted:
a. Corporate Values (Core Values), which are
continuously implemented and developed by
means of performance improvement program in all
BRI Operating Units
b. Corporate Codes of Conduct, which have been
agreed upon to be the behaviour and action
guidelines in undertaking daily tasks
c. Policies on evaluating and completing a number
of company’s regulations for complying with GCG
principles
d. Socialization programs by related Operating Units
regarding the implementation of GCG
Annual Report 2008 Bank Rakyat Indonesia
71.
Weaknesses
There was no significance weakness which hindered
the implementation of GCG. However, with networks
widely spread all over Indonesia, it is necessary to have
a much better coordination and adequate IT supports,
through which the quality of information presented -
either financial or non-financial - can be improved and
easily accessible by the stakeholders.
The Function of Corporate Secretary
The Corporate Secretary of a public listed company
plays a very important role. It functions as the
spokesperson of the company, determines the public
perception and image of the company.
One of the effective and efficient means of building
understanding and managing public perception of
BRI is by maintaining relationship/cooperation and
communication with the media. In 2008, there were
a number of visits and discussions involving BRI
and journalists as well as the editorial staff of several
leading national media in order to maintain and build
understanding between BRI and the press community.
In those discussions, BRI reiterated its position in
championing MSME lending.
Furthermore, especially for financial journalists, BRI
conducted the “News Tour Program” by inviting
journalists to visit BRI MSMEs’ clients and providing
training for a broader understanding of the key aspects
of banking and the capital markets.
As a publicly listed company, BRI maintains good
communication with the capital markets community
and regulator.
In maintaining and developing relationships and
communicating with the capital markets communities,
BRI participated in a number of programs, such as
road shows initiated by leading securities companies in
Jakarta, targeting major financial centres of the world in
Asia, Europe, and the United States of America.
Other initiatives taken for maintaining communications
with investors/ investment managers and analysts
include discussion and briefings on BRI’s performance
and latest business progress through regular company
visits and conference calls. Several other media were
also used in disseminating information about the
Bank to key stakeholders, such as quarterly analysts
meetings, and annual public exposes.
In addition, BRI also conducted field visits, especially
to BRI Units. This is expected to be able to provide
investors and analysts with first-hand experience with
BRI solid micro business, which in turn, will build up
their confidence in the strength of BRI business.
All of the communication programs are meant to
providing up to-date and objective information, while
responding appropriately to the investors’ concerns.
By doing so, it is expected that investors’ perception
will be built objectively, enhancing their confidence
level towards BRI future performance and business
prospects.
Currently, the Corporate Secretary of BRI is served by
Hartono Sukiman. He was born in Yogyakarta on 5
November 1957 and has been with BRI since 1985.
Appointed as the Bank’s Corporate Secretary on 1 July
2006, having previously served in various positions in
the Bank. He holds a degree in Business Economics
from University of Pembangunan Nasional, Yogyakarta
(1984).
Annual Report 2008 Bank Rakyat Indonesia
72.
Press Releases 2008
Date Activities
8 Jan 2008 BRI donates 112 motorcycles to patrol the land borders of Indonesia.
19 Jan 2008Bank BRI Syariah launches the card-based savings product with the brand name of Tabungan BritAma Syariah (Sharia BritAma Savings) on the occasion of the Sharia Economy Festival.
23 Jan 2008 BRI and Holcim sign a cooperation for the house solution business.
4 Feb 2008 BRI inaugurates 29 office units in the BRI banking network within the BRI Medan Regional Office Group.
5 Feb 2008 BRI signs a number of Memorandum of Understanding (MOU) with a number of SOE.
6 Feb 2008BRI provides loan to PT Bosowa Energy in support of the infrastructure development program of the 2 x 125 MW power plant in Jeneponto.
13 Feb 2008BRI signs a cooperation for the KPR and KPA (house and apartment loan) facilities with the PAKUWON GROUP.
18 Feb 2008BRI signs an MOU with IPB and the Regency of Tanah Bumbu Kalteng on the Development and Revitalisation of Palm Oil Plantations through the Nuclei-Plasma Partnership Scheme.
23 Mar 2008 BRI provides 32,000 packages of staple goods to the fishermen of Jakarta, Bekasi and Karawang.
29 Mar 2008 BRI organises the a Customer Gathering event at the Marketing Galery, Gandaria Heights.
8 Apr 2008 BRI combines donation of staple goods with KUR in Indramayu and Pekalongan.
17 Apr 2008 BRI KUR in Purworejo.
19 May 2008 BRI Unit in Jakarta undertakes pilot testing of EDC (Electronic Data Capture) service.
14 Jul 2008 BRI launches a special program for rural communities, naming it the Simpedes Folks Festival.
14 Aug 2008 BRI undertakes a cooperation with the National Construction Service Development Institute.
30 Aug 2008 BRI carries out the BRI BritAma Savings Prize Draw, ”GELEGAR BRITAMA MERDEKA 1 MILYAR”.
18 Sep 2008 BRI organises a fasting break for 2,500 orphans of Jabodetabek.
22 Sep 2008BRI sends 3,000 customers of KUPEDES & SIMPEDES on their home-coming trip during the Ied Celebration.
17 Oct 2008 BRI donates 20 motorcycles to West Java Regional Police Force.
25 Oct 2008 BRI organises the BRI SHOPPING PRIZES event.
30 Oct 2008 BRI redeems its Subordinate Notes amounting to US$150,000,000.
31 Oct 2008 BRI publishes its third-quarter financial performance report.
12 Nov 2008 BRI provides aid for the development of the Islamic School Ummul Quro in Bogor.
16 Nov 2008 BRI launches the BritAma Untung Beliung Lucky Draw Program for the 2008-2009 period.
24 Nov 2008BRI strengthens the synergy in the disbursement of KPR/KPA for housing, apartments, shop houses and home-office projects that are developed by Perum Perumnas.
27 Nov 2008BRI organises the prize draw for the first period draw of the BritAma Untung Beliung Lucky Draw in 2008-2009.
11 Dec 2008BRI signs an MoU on the benefits of banking services with the Indonesian Association of Young Entrepreneurs (HIPMI).
16 Dec 2008 BRI celebrates its 113th anniversary.
26 Dec 2008BRI covers the medical expenses of in-patients in the economy wards of 30 General Hospitals throughout Indonesia.
Annual Report 2008 Bank Rakyat Indonesia
73.
Month Report
Jan Information on media news regarding the plan on the sale of shares
Mar BRI’s Financial Report for Fourth-Quarter 2007
Apr
Announcement of BRI GMS
Invitation to BRI GMS
Revision on the Agenda of BRI GMS
Financial Report for First-Quarter 2008
May
Amendment of invitation to BRI GMS
Summary of spin-off plan
Report on the Resolutions of BRI GMS
Notice of schedule and means of Dividends payment
Jun Announcement of cash dividends per share
Jul Financial Report for Second-Quarter 2008
Aug Amendment of BRI’s Articles of Association
Sep Information on media news regarding acquisition of Bukopin
Oct Financial Report for Third-Quarter 2008
Nov
Material disclosure on the redemption of BRI’s US$150 million Subordinated Notes
Plan for Public Expose
Report on the Outcome of Public Expose
Corespondence with the Indonesia Stock Exchange in 2008
Annual Report 2008 Bank Rakyat Indonesia
74.
Ele
ctro
nic
Ban
king
Ser
vice
BRI provides electronic banking service that as at year-end 2008 comprised of 1,796 proprietary BRI ATM locations
and more than 35,000 other ATMs from the ATM Link, ATM Bersama, ATM Prima dan BankCard networks. In addition,
BRI also provides the Electronic Kiosks network of Cash Deposit Machines and Electronic Data Capture. The electronic
banking service of BRI also includes the 24-hour phone banking and SMS banking services.
Annual Report 2008 Bank Rakyat Indonesia
75.
Annual Report 2008 Bank Rakyat Indonesia
76.
MICRO, SMALL AND MEDIUM SIZED BUSINESS
Business Target Achievements in 2008
The Micro, Small and Medium Enterprise
segment forms the core strength of BRI. This
strength rests in the scale of BRI’s business
which is substantially large. BRI’s business
strategy in the Micro, Small and Medium Sized
Enterprise (MSME) segment is to continue to
support its scale of business, expanding a
service reach capable of penetrating remote
corners of the country, with greater depth
particularly to highly populated areas - a
vertical and horizontal development by BRI
that is made possible by its economies of
scale.
Micro Business
The micro sector may serve as one of the
pillars of the national economy that has
proven to be resilient in the face of global
economic fluctuations. Viewed from this
perspective, BRI plays an important role in
supporting the national economy in facing the
global economic recession that is currently
threatening global economic growth.
BRI continues efforts to defend its position
as a market leader in the micro banking
business as well as serving as a micro-
finance consultant that is widely recognized
internationally. BRI develops savings and
loan products that are in line with the specific
needs of micro-entrepreneurs and customers
from all walks of life.
Loan Products
Micro Credit is mainly comprised of the
Kupedes loan products with limit of up to
Rp100 million, and are divided into three
loan categories: working capital, fixed assets
financing and salary-based loans. BRI has
enhanced the features of Kupedes that
now include the Kupedes Housing Solution
Annual Report 2008 Bank Rakyat Indonesia
77.
(in cooperation with Holcim), Kupedes for
Indonesian Migrant Workers and micro-scale
Kupedes. In addition to Kupedes, micro loans
also include the micro KUR (People Business
Credit) with limits of up to Rp5 million that is
progressing encouragingly.
Description 2008 2007 %
Outstanding (Rp billion)
Total Debtor
42,756
4,460,580
32,602
3,515,812
31.15
26.87
the stipulation of the Debtor Information
System (SID) of Bank Indonesia, and other
new customer credit criteria governing
Micro KUR
- Electronic Data Capture (EDC)
The EDC is used to support collection of
payments and increase service quality
provided by BRI Units. EDC will facilitate
transactions without requiring customers
to visit BRI unit offices.
Savings Product
Currently BRI’s micro-business savings
product is the BRI Simpedes savings, and
its variant products that target specific
customer groups comprising of Simpedes
for Indonesian Migrant Workers (TKI),
Simpedes for Pensioners; and Simpedes for
army personnel (TNI AD). Aside from savings
product, BRI also offers demand deposits and
time deposits.
Simpedes is mainly targeted at entrepreneurs,
workers and housewives from the middle- and
low-income group living in rural and suburban
areas. During the last five years, Simpedes
have grown on average by 21.04% per year
from Rp26.22 trillion in 2004 to Rp56.28 trillion
in 2008. As of 31 December 2008, the total
number of Simpedes customers reached more
than 18 million, contributing significantly to
BRI’s fee-based income.
The success of Simpedes is attributable to
its relevant product features that are suitable
for its target groups, as well as to the active
marketing and promotional programs such
as the Simpedes Folks Festival, and the
development of the Simpedes in cooperation
with TKI and TNI-AD.
Micro loans have continued to grow in 2008,
as follows:
This growth has also been supported by the
rapid growth of the Micro KUR throughout
2008.
A variety of initiatives with promising growth
potential have continuously been rolled out by
BRI over the course of 2008. Among others
are the following:
- Micro KUR
Through the strategic development of
Micro KUR, BRI Unit can now market loan
with a ceiling of Rp5 million more broadly
and flexibly, because 70% of the loan
amount is guaranteed by credit insurance
from PT Askrindo and PT Jamkrindo.
Debtors of these micro credits are
embryos that could develop into debtors
of the Kupedes with higher ceiling, in line
with the growth of their businesses, and
thereby broadening the market potential
for Kupedes.
- Micro-Scale Kupedes (KSM)
Micro-scale Kupedes are intended to
serve debtors who wish to obtain credit
below Rp5 million but are constrained by
Annual Report 2008 Bank Rakyat Indonesia
78.
and BriGuna Purna, as loans for both active and retired
individuals, respectively.
During 2008 BRI developed several market penetrating
products which include:
- Construction Loan for the BTS Tower
The telecommunications sector has a high growth
potential for BRI to provide financing in the
construction of BTS towers as well as expansion
of BTS networks that can be leased out to several
cellular telecommunications operators.
- Increased competitiveness of BRIGuna
In order to increase the competitiveness of
BRIGuna loan, BRI regularly evaluates customer
needs, changes in the competition landscape as
well as in economic conditions.
Development Plans for Micro Business
The plan to develop micro savings and loan products
especially focuses on efforts to capitalize on growth
opportunities. For this BRI will endeavour to maximize
the advantages of the BRI Unit networks in order to
generate new customers.
On the funding side, the Simpedes products will
continue to be developed through several programs,
especially through the development of card-based
Simpedes which uses a private label card; development
of the Simpedes Student programs and Simpedes
Savings Plan; and the promotional programs of the
Simpedes Prize Draw and Simpedes Folks Festival.
Retail/Small Business
BRI continues to make efforts to develop its retail
banking and products in order to strengthen the Bank’s
position and market share in MSME banking which
continues to be very promising.
In order to anticipate and accommodate challenges
and evolving business conditions so that retail loan is
able to grow and expand in line with set targets, BRI
continues to enhance product policies, strategies and
marketing programs, as well as the development and
monitoring of the loan portfolio.
Retail loans encompass Small Commercial Loans up
to Rp5 billion and Consumer Loans. At present, Small
Commercial Loan comprises of working capital and
fixed assets financing, express loan, construction loan
under the BO1 framework, PPTKI (migrant workers
agency) loan, franchise loan, warehouse receipt loan,
petrol station loan, and base transceiver station (BTS)
loan. Whereas Consumer Loan includes BriGuna Karya
Annual Report 2008 Bank Rakyat Indonesia
79.
Description 2006 2007 2008
Commercial Loan
Consumer Loan
- BRIGuna Karya
- BRIGuna Purna
21,355
15,068
11,945
3,123
25,877
17,651
14,214
3,381
35,322
23,998
19,395
4,603
(in Rp billion)
Program loans are often disbursed in the form of
interest-subsidized loan from the Government as well
as commercial program loans. The source of funds are
supplied by BRI or channelled from the government,
in which the associated risks are borne by the fund
owners. The types of Program Loans include among
others:
People Business Credit (KUR)
Retail KUR constitutes working capital and/or
investment loan with ceilings ranging from Rp5 million
to Rp500 million. The facilities are given to small
businesses and cooperatives that are productive and
feasible, yet not bankable. With the loan guarantees
provided by Askrindo and Jamkrindo, the Retail KUR
becomes a Program Loan that can fulfil the needs of
the small business and cooperatives segment.
Loans for Members of Primary Cooperatives (KKPA)
The KKPA Loan includes working capital and
investment loans that are provided to members of
primary cooperatives to continually finance productive
businesses in partnership with nucleus companies
(patron). KKPA financing is funded by BRI as well as PT
Permodalan Nasional Madani (PNM) and Government
Notes.
Loans for the Development of Bio Fuels and
Revitalization of Plantations (KPEN-RP)
Investment loans to accelerate the development
of small-holder plantations through expansion,
rejuvenation and rehabilitation of the plantation has
been supported by government subsidies on interest
payments. This may be executed with or without
involving partner companies in developing and
managing the plantations and marketing the produce.
Efforts are also being made to increase the productivity
of these plantations in order to produce the raw
- Biometrics fingerprint technology
BRI and PT Taspen have signed a Working
Agreement for the remittance of pension pay
through BRI in the amount of approximately Rp1
trillion per month. To ensure that pension payments
are appropriately made to the rightful recipient, BRI
uses the latest Biometrics technology that scans
client fingerprints.
- Transactions in connection with Operating
Bank/BO1
In connection with the appointment of BRI as the
Operating Bank I for the Government Treasury
Single Account, BRI provides a facility scheme
for Construction Working Capital with the BO1
proceeds as the source of repayment, in addition
to Bank Guarantees against the pledged BO1
proceeds.
From its successful marketing, BRI was able to post
significant Retail Loan growth in 2008, as can be seen
from the following table.
Program Business
The Program Loan is a loan that is channelled to
productive projects for either working capital or
investment loans in support of Government programs,
as well as in the framework of providing banking
access to MSME, and in support of the food security
program, revitalization of plantations and the supply of
raw materials for bio-fuel.
Annual Report 2008 Bank Rakyat Indonesia
80.
material for bio-fuel as a source of alternative energy.
Especially for rubber and cocoa, the KPEN-RP uses
BRI commercial funds on a non-partnership basis,
which is directly served by BRI branch/sub-branch
offices.
Loans to Small Business Group (KKUK)
Loans to Small Business Group include working capital
and or investment loans provided to small businesses
that have previously obtained loans from BRI in the
form of P4K/ KPKU/ KPTTG-Taskin/ KPKM, and
have maintained a good track record for repayment.
KKUK is also provided to small businesses that had
never received loans from BRI but are productive and
require additional capital to grow the business further.
The source of funds for KKUK originates from BRI
commercial funds.
Small and Micro Business Loans – Government
Notes (KUMK-SUP)
KUMK-SUP is a loan that is funded by the Government
Notes (SUP). Since 2005 BRI has obtained funds
allocated by SUP in the amount of Rp500 billion, and
must repay the fund in five bi-annual instalments.
Presently the outstanding balance of the funds is
Rp200 billion.
Loans for Food and Energy Security (KKPE)
KKPE includes investment or working capital loans
that are provided to support the implementation of the
National Food Security Program, and the Development
of Plantations for Bio-fuel Program. The source of funds
for KKPE is BRI commercial funds with an interest
subsidy from the Government.
Loans for the Economic Empowerment of Coastal
Communities (PEMP)
The PEMP Loan is the outcome of the cooperation
between BRI and the Ministry of Maritime and Fisheries.
The loan is provided to cooperatives of coastal
communities in order to support the working capital for
the savings and loans program of the cooperatives.
Annual Report 2008 Bank Rakyat Indonesia
81.
Sharia Business Unit
The Sharia Business Unit began with the operation
of two branch offices of BRI Syariah in Jakarta and
Serang on 14 April 2002. By year-end 2008, BRI
Sharia had expanded to 27 BRI Sharia branch offices
and 18 BRI Sharia sub-branch offices that are spread
throughout Indonesia.
In anticipation of the development of the Sharia banking
business in the future, to enhance its performance and
competitiveness in the sharia banking market, and in
recognition of the need to manage the sharia banking
business in a more focused light, the Management of
BRI has resolved to spin off the BRI Sharia Business
Unit (BRI-SBU). Through the spin-off, BRI-SBU will be
merged into Bank Sharia BRI (BSB), which was formed
by converting Bank Jasa Arta (BJA), which BRI had
acquired previously, to become a Sharia Bank.
The said conversion has already obtained the permit
from Bank Indonesia on 16 October 2008. Henceforth
BSB will become a wholly-owned subsidiary of BRI.
Furthermore it is hoped BSB can grow more rapidly,
and make its contribution to the solid growth of sharia
banking in Indonesia.
Going forward, in line with its vision to become a
leading modern Sharia retail bank, BSB will create
positive synergies with BRI by capitalizing on the
extensive network of BRI as office channelling, to
develop its business by focusing on the micro, small
and medium-sized enterprise segment.
Annual Report 2008 Bank Rakyat Indonesia
82.
CONSUMER BUSINESS
The Consumer Business segment provides BRI with
growth opportunities by capitalising on BRI’s extensive
network. BRI focuses on penetration of consumer
banking products in urban areas.
BRI’s business strategy in the consumer segment is to
penetrate urban centres throughout Indonesia, without
neglecting the strength and commitment of BRI in rural
areas. In 2008, penetration to urban areas was marked
by an increase in BRI presence in 14 major cities:
Jakarta, Surabaya, Medan, Yogyakarta, Semarang,
Bandung, Palembang, Balikpapan, Banjarmasin,
Makassar, Manado, Denpasar, Ambon and Jayapura.
The penetration of these large cities is complemented
by an ongoing strategy to deliver banking services to
other residential areas or satellite towns of major cities.
BRI implements a strategy of expanding both vertically
and horizontally in order to reach markets from rural
areas to highly populated satellite towns and the
commercial centres of metropolitan cities.
Consumer lending represents a banking segment that
has a high level of growth in Indonesia, in connection
with the continuing growth of the middle-class income
population that has given rise to the formation of a
consumer class with a lifestyle and purchasing habit
that begets consumer lending on an ever growing
scale.
Loan Products
Loan products for consumers are comprised of credit
cards, multi-purpose loan (KMG), home mortgage loan
(KPR) and motor-vehicle loan (KKB).
The total sales volume of BRI credit cards increased
by 90% to Rp1.12 trillion, while total outstanding
credit rose from Rp260.14 billion to Rp396.57 billion.
Whereas KPR and KKB increased by 67.56% and
28.65% to Rp3.01 trillion and Rp449.00 billion,
respectively.
Annual Report 2008 Bank Rakyat Indonesia
83.
Description Dec 2008 Dec 2007Growth
(%)
Number of Credit Cards
Sales Volume (Rp billion)
Credit Outstanding (Rp billion)
Fee Income (Rp billion )
207,090
1,120.00
427.00
44.22
112,614
592.67
260.30
21.30
83.57
89.42
64.11
107.61
In supporting the development of the consumer
business in 2008, BRI opened 13 consumer loan
centres in six large cities across Indonesia. BRI will
continue to open more of these centres. In addition
to broadening its network of consumer loan centres,
BRI has also developed product features that are
attractively packaged and well-coordinated with
business partners (developers, motor-vehicle dealers,
and insurance) such as the lowering of down payments
for credit purchases, the maintenance of competitive
interest rates and more flexible options on instalment
payments.
BRI Credit Card
BRI Credit Cards - Standard and Gold - are available
to all BRI customers with the brand positioning of
“Family Life Style” and the brand tag line of “Lighten
Your Life”. Additionally BRI offers the Platinum Card for
select BRI customers, which uses the brand positioning
“Indonesia Heritage” and the brand tag line “For Your
Lifetime Achievement”.
BRI Credit Card Performance
Home Mortgage Loan (KPR)
KPR is a loan facility for the purchase of houses,
apartments, flats, home offices and shop-front houses;
new as well as old. In addition to the purchase of
houses, KPR BRI can also be provided for renovation
as well as construction of homes. BRI’s KPR comprises
of the commercial KPR and the government subsidised
KPR. The subsidised KPR is marketed to support the
Government’s program in providing affordable housing.
KPR can be provided up to Rp5 billion with a term
of up to 20 years and a minimum deposit of 20% of
the value of the property. In line with the continuing
development of the KPR line, total outstanding KPR
debt has continued to increase, reaching over Rp3.01
trillion by 31 December 2008.
Motor-Vehicle Loans (KKB)
KKB is a loan for the purchase of new and used motor
vehicles comprising of both cars and motorcycles.
The down payment for this loan starts from 10% of
the purchase value with a maximum term of five years.
KKB loan is divided into two types: KKB Direct which
is direct financing to end users (whether through a
reference from the dealers or involving the walk-in
customers themselves); and KKP Joint Financing which
is financing to end users that is channelled through a
multi-finance company. Total KKB outstanding as of
31 December 2008 was Rp449.00 billion.
Multi-purpose Loan (KMG)
KMG is a loan that meets the needs of consumers that
cannot be served with KPR or KKB. The KMG loan
has a range from Rp100 million to Rp1 billion with a
maximum tenor of 10 years. As at year-end 2008, the
total KMG outstanding amounted to Rp417.55 billion.
The increasing number of BRI credit card holders is due
to the success of the marketing activities undertaken
by BRI business units through cross selling programs
to customers, telemarketing, direct sales to new
customers as well as an internal marketing program.
The increasing volume of sales and outstanding loans
are supported by credit card activation programs,
promotional initiatives which match customer
behaviour; as well as an increase in the total number of
card holders. This is also supported by an improvement
in service quality that increases customer satisfaction.
Annual Report 2008 Bank Rakyat Indonesia
84.
Funding Product
The consumer segment provides significant
contributions for the development of third-party funds.
Supported by financial products that are designed
specifically for attracting middle to upper class, the
savings product BritAma represents BRI’s response
to generate third-party funds in large cities that are
beyond the reach of BRI’s Simpedes funding program.
BRI initiatives in the development of the savings
product, BritAma, have produced encouraging results
over the years. During the past 5 years, the averaged
annual growth of BritAma was 20.66%, growing from
Rp14.46 trillion in 2004 to Rp30.65 trillion as at year-
end 2008. In 2008 alone, BritAma grew by 23.18% or
Rp5.77 trillion. This was due to a number of reasons
including the success of the marketing program
“Untung Beliung BritAma” (BritAma’s Winds of Fortune)
that offered a Lucky Draw Prize including more than
100 cars and packets of cash that were awarded
at draws in 14 major cities that the BRI Consumer
Banking programs have specifically targeted.
Of particular note to BRI BritAma savings was the
growth of the average balance of savings per customer,
which increased from month to month indicating a
high response on the part of the public as well as
the success of BRI’s third-party funding marketing
communications program in general.
In terms of other savings products, BRI also has a
demand and time deposits. The total amount of funds
generated by demand deposit as at year-end 2008
was Rp39.92 trillion that comprised of both individual
and institutional accounts, which increased by 7.45%
compared to that of year-end 2007. Meanwhile, time
deposit reached Rp73.54 trillion, an increase of 36.49%
compared to that of the same period last year.
Priority Banking
The goal of the ‘BRI Prioritas’ service is to increase
customer retention and loyalty, volume of funding,
fee-based income through wealth management
activities such as investment advisories, pension funds,
bancassurance; and enhancing the image of BRI as
the “Premiere Bank that serves all layers of society”.
To date BRI already has a customer base for ‘BRI
Prioritas’ that comprises the mass affluent market
segment and including more than 5,000 customers.
In this initial stage, ‘BRI Prioritas’ provides an exclusive,
integrated “One-Stop Service” that offers the full range
of premium banking products and services that can
satisfy customers with a minimum savings of Rp500
million. ‘BRI Prioritas’ customers obtain a ‘BRI Prioritas’
Card as an access key to the “One Stop Service” at
‘BRI Prioritas’ Service Lounge. Furthermore the Card
functions as an ATM/Debit Card for BRI.
The initial concept was primarily aimed to support
Customer Relationship Management and Cross Selling
that can facilitate customers across all banking services
that will ultimately increase the wallet share of each
individual customer of BRI. Through the ‘BRI Prioritas’,
it is hoped that the Bank’s current customers who
are affluent/high-net-worth individuals (HNI), but have
not obtained priority banking service, will remain loyal
to BRI and take the opportunity to bank with ‘BRI
Prioritas’, and refer their circles to ‘BRI Prioritas’ as
well.
E-Banking BRI
As at year-end 2008, the range of electronic banking
channels that had already been made available to
BRI customers included ATM, Phone Banking, SMS
Banking, Kiosk, Mini ATM and Cash Deposit Machine
(CDM). To enhance the Bank’s competitiveness in
e-Banking, BRI continues to develop other e-Banking
channels including Internet Banking, Prepaid Card
(Electronic Money), Mobile Banking GPRS and Mobile
Services.
Annual Report 2008 Bank Rakyat Indonesia
85.
Marketing Communications
The successful selling of BRI’s banking products and
services is a direct result of the hard work and effective
marketing strategies in order to achieve the business
targets.
BRI’s marketing communications program aims to
attend the maximum level of awareness for BRI’s brand
as a universal bank in the broadest sense, and promote
BRI’s banking products and services to their respective
target markets.
In addition to building a strong customer awareness, an
aggressive marketing communications programs also
supports BRI’s brand image by creating a blueprint for
BRI’s consumer products and services that are applied
consistently to create a clear positioning and perceived
value for these products and services. The marketing
communications program is aimed at increasing new
accounts as well as that of customer retention and
loyalty toward BRI product brands.
Development Plan
The main target for consumer credit business is to
selectively increase competitiveness. The strategy is
applied by focusing on the middle-segment markets
in the 14 major cities, and by developing features and
product innovation as well as undertake joint promotion
and cooperation with third parties. All this has been
undertaken with the goal to become the “five largest
consumer loan providers in Indonesia” in the near
future.
Another development strategy of BRI is to enhance
business cooperation, strengthen relationships, and
undertake joint promotions with business partners such
as property developers, insurance companies, as well
as sole distributors and dealers of various automotive
brands.
Annual Report 2008 Bank Rakyat Indonesia
86.
COMMERCIAL BUSINESS
The target market for providing loans to commercial
businesses comprises of loans for businesses within
the agribusiness sector and those which lie outside
of the agribusiness sector for privately owned
corporations. In terms of size, credit for commercial
businesses has a nominal value above Rp50 billion up
to the legal lending limit of BRI.
As part of its commitment to support the development
of Indonesia’s agricultural sector, BRI has developed
a special agribusiness loan product for individuals or
corporations that are engaged in agribusiness in the
broadest sense, from on-farm to off-farm activities
that encompass both upstream and downstream
businesses in agriculture, plantation, forestry, animal-
husbandry, fisheries, trade support and other services
related to agribusiness.
In developing the agribusiness sector since 2006, BRI
has provided a credit scheme for the Development of
Bio-fuel Energy and Plantation Revitalisation (KPEN-
RP). The credit is given to farmers (via cooperatives)
or through the nuclei-company (in the so-called
nuclei-plasma program) to support the development of
alternative energy projects and plantation revitalization.
Commodities that are financed by KPEN-RP scheme
are palm oil, cocoa and rubber.
The interest rate of the KPEN-RP credit is commercial-
rate interest, however during the period prior to the
harvest interest on the credit will be subsidized by the
Government; enabling farmers to pay interest rate on
their borrowings of 10%.
Annual Report 2008 Bank Rakyat Indonesia
87.
While growth opportunities in the agribusiness sector
continue to be promising, BRI also considers its role in
this sector as part of the Bank’s efforts to contribute to
the success of the national food security program. This
program is not only strategic to the national interest,
but is also central to BRI’s business sustainability. A
successful national food security program also entails
the success of millions of farmers in Indonesia, the
majority of who are customers of BRI, which in turn
will ensure the continuing viability of credits that have
disbursed to the agribusiness sector.
Financing outside of agribusiness sector for private
companies comprises of the manufacturing, mining,
trade and services. One of the business developments
that has been undertaken by BRI is to participate in
credit syndication programs to finance infrastructure
projects, including toll roads and power plants.
The main considerations of BRI to enter into
infrastructure projects is to support the pace of
economic growth, to generate the trickle-down-effect
benefits to other sectors of the economy, and to
provide job opportunities which in turn will support the
growth of the banking sector itself.
Loan Products
There are a whole range of loans that are suitable for
financing commercial businesses, whether in the form
of direct or indirect (contingent) credit that includes:
1. Loan for Working Capital
2. Loan for Export Working Capital
3. Investment Loan
4. Loan for Import Working Capital
5. Loan for Construction Capital
6. Import Guarantee Facility (PJI)
7. Standby Letter of Credit
8. Bank Guarantee
Annual Report 2008 Bank Rakyat Indonesia
88.
INSTITUTIONAL BUSINESS
To support BRI’s business with government and private
institutions, the Bank has developed new business
opportunities in several strategic sectors comprising
of both the agribusiness and non-agribusiness sectors
including infrastructure, power, telecommunications,
fertilizer, education, and pension fund; and forged
cooperation with government agencies at both central
and regional levels to monitor institutions that constitute
a business opportunity for BRI to provide either lending
or funding services.
In order to support the aforementioned businesses,
in 2007, the Directorate for Institutional Business was
established with the aim of enhancing both funding and
lending to State Owned Enterprises (SOEs), private
sector companies and government agencies.
In an effort to capture available funds and increase
fee-based income from existing customers in the
institutional banking business, BRI specifically offers
products and plans related to financial management
that are custom-made to suit the characteristics of the
customer’s financial transactions.
Loan Products,
Since 2008, BRI has provided credit facilities to several
SOEs to help finance institutions and develop projects,
through a range of facilities including: Cash Loans
(Working Capital for Construction, Import/Export,
Investment and Fixed Assets) and Non-Cash Loans
(L/C, Bank Guarantees, Domestic L/C and Stand
by Letters of Credit) to several companies already
operating in the farming industries, sugar plantation,
fertilizer, infrastructure, electricity, transportation, fuel
and other productive industry sectors.
Annual Report 2008 Bank Rakyat Indonesia
89.
Currently there are 46 SOEs and their subsidiaries that
have become BRI customers. Growth of Institutional/
SOE financing in 2008 was supported by the
application of several strategies which include, among
others:
- Approaching SOEs that are already customers
to maximize the benefits that they derive from BRI
services;
- Establishing linkages between SOE that are
customers of BRI with SOEs that are not yet
customers. Through this, BRI hopes to expand
its banking services to other SOEs and their
subsidiaries which have not yet become customers
of the Bank so that they may use its banking
services;
- Initiating direct approaches to SOEs that are not
yet customers of BRI, especially those which have
excellent business prospects;
- Organizing seminars, gatherings and meetings with
the management of SOEs and their subsidiaries in
order to present a clear picture of the benefits and
convenience of using the banking services provided
by BRI;
- Coordinating services between and among BRI
regional and branch offices throughout Indonesia
to maximize the services provided to the SOEs,
in consideration of the fact that these SOEs often
maintain offices and operations that are spread
across the country as well.
Funding Products
Institutional Business has become a source of funding
for BRI in the forms of Demand Deposits and Time
Deposits which are obtained from the deposits of
several government departments and agencies, state
and regional companies, public and private institutions,
and pension funds.
In addition, BRI also provides cash management
services, whether through special cooperation and
application of a Cash Management System for several
SOEs that include PLN, Pertamina, Angkasapura I and
II, Bulog, Pegadaian, Pusri, Telkom and Telkomsel as
well as Taspen. Cooperation with SOEs is also done
through the provisioning of other bank services to
obtain fee-based income for example in the form of
salary-based credit, and bills payment for electricity and
telephone.
Development Plan
The strategy deployed to develop BRI’s Institutional
Business include among others:
- The expansion of credit specific to the needs
of SOE sectors such as infrastructure, strategic
industries which boost development in the real
sector, pharmaceuticals and mining;
- Improving the links with SOE that have already
become customers to optimise the use of BRI’s
banking services.
- Cooperation in fund management for SOEs by
implementing Cash Management Systems and
cooperation on other financial operations such
as purchase of fuel from Pertamina, purchase
of fertilizers, systems for bill payments such as
telephone and cellular telephone and others.
Annual Report 2008 Bank Rakyat Indonesia
90.
INTERNATIONAL BUSINESS AND TREASURY
Treasury plays an important role in safeguarding
liquidity, optimising interest income as well as
maintaining a balance between assets and liabilities.
In addition to that, Treasury has also become a source
of fee-based income from several Treasury-related
services.
Treasury plays a strategic role in managing the position
of the Bank’s assets and liabilities. This business
unit continues to make efforts to increase income by
managing the positions of its banking book and trading
book through effective cooperation with international
and domestic counter parties.
In 2008, BRI demonstrated its existence in the
Indonesian money markets, as a major player in
financial transactions through the Money Market,
Foreign Exchange transactions, and was appointed
by the Ministry of Finance of RI as a Primary Dealer for
Government Treasury Bills (SUN). BRI has consistently
fulfilled its responsibility as a Primary Dealer in spite of
the ongoing global financial crisis.
Additionally, BRI Treasury, through its dealing room
carry out transactions in support of business projects
from other Operating Units in BRI, such as the servicing
of foreign currency transactions through Spot, TOM
(Tomorrow), TOD (Today), as well as Swap and
Forward transactions for the Bank’s main customers
engaged in import and export. During 2008, the
total nominal value of foreign exchange transactions
negotiated on behalf of customers amounted to
US$9.8 billion from more than 8,000 recorded
transactions.
Other banking services provided by treasury:
• Trustee Services
BRI may function as a trustee to represent the
interest of bondholders both inside and outside of a
court of law, overseeing the implementation of the
rights of bondholders in accordance with terms of
the bonds as stated in the trusteeship agreement
as well as prevailing laws and regulations.
Annual Report 2008 Bank Rakyat Indonesia
91.
Description 2008 2007
Number of Issuers
Total Bonds Value (Rp billion)
Fee Income (Rp billion)
9
13,699
2.71
13
14,039
3.88
The year 2008 witnessed a decline in performance due
to the postponement of several bond issues and delays
on payments of maturing bonds.
• Securities Sales Agency
BRI already obtained its permit to act as a Selling
Agent for mutual funds as a Collective Investment
Contract. Currently BRI has been appointed as
the sales agent for seven mutual funds through
deals with three Investment Managers. Bank BRI
has also been appointed as the sales agent for
the Indonesia Retail Bonds (ORI) by relying on the
Bank’s nationwide branch network. Fee income
from serving as a brokerage for ORI in 2008
amounted to Rp1.99 billion.
• Custodial Services
By the end of December 2008 the total assets
that were managed by BRI custodial services were
Rp13.4 trillion, with fees of Rp7.2 billion through
a client base of 42 institutional customers which
comprised mainly of pension funds, foundations,
insurance companies, mutual funds and other
institutions.
• Financial Institutions for Pension Funds (DPLK)
BRI established its Financial Institutions for Pension
Funds (DPLK) to provide management services
for participating Defined Contribution Pension
Plan for individual and group participants. DPLK
BRI started its operations on 9 January 2006 and
currently manages the pension plan for more than
39,000 participants with total assets of Rp887.67
billion, generating income of Rp6.54 billion. DPLK
BRI has four types of investment choices which
are Money Market, Fixed Income, Equity and a
combination of the above.
International Banking Services
Export and Import Transactions
The global financial crisis continues to influence
international business conditions. The value of export
transactions through BRI in 2008 was US$638.50
million, a decline of 18.08% compared with US$779.43
million recorded in 2007. The value of contributions
by small and medium industry sector to BRI’s export
transactions in 2008 indicate the Company’s success
in actively empowering BRI branch offices in several
areas that actively support export projects.
During 2008, BRI realized import transactions
of US$1,415.86 million, a decrease of 21.73%
compared to 2007 when import transactions reached
US$1,808.92 million.
Remittance
BRI gives attention to the development of international
remittance services that continue to increase in line
with growing number of Indonesian Migrant Workers
from year to year. International remittance transactions
over the course of 2008 were US$15.83 billion or an
increase of 47.85% from the previous year amount of
US$10.71 billion.
Aside from serving export/import transactions and
international remittances, BRI conducts various
specialized work programs aim to increase national
exports, especially those SMEs. Several programs that
were implemented in 2008, including:
- Efforts to support small and medium-sized
businesses that are export-oriented.
- Standardization of banking services and the early
warning system.
- Increase and broaden the scope of cooperation
with international correspondent banks in order to
enhance BRI’s trade finance services.
Trustee Services provided in 2008 were:
Annual Report 2008 Bank Rakyat Indonesia
92.
Ove
r 58
,000
Per
sonn
el -
At Y
our
Ser
vice
More than 58,000 personnel of BRI are ready to serve roughly 30 million customers who are spread into the far corners
of Indonesia. BRI places a strong emphasis on personnel development and training. Faced with challenges and market
competition, BRI’s personnel are being moulded to become human capital with a great capacity to learn, a strong
desire for change, an innovative spirit, and the impetus for creativity. More importantly, the enhancement of knowledge
and skills among personnel is integral to adopting prudential banking principles and holistic risk management.
Annual Report 2008 Bank Rakyat Indonesia
93.
Annual Report 2008 Bank Rakyat Indonesia
94.
Risk Management
I. Overview
1. Risk Management Organization
In managing risks, BRI has established an
Integrated and comprehensive risk management
system, the implementation of which constitutes
the commitment of the Board of Directors of BRI
to mitigate the potential of loss to its minimum.
Risk management has a significant role in the
management of the Bank in order to achieve its
business goals through two aspects, namely the
protection of capital and optimization of the risk
and return correlation and balance.
BRI undertakes risk management by applying three
lines of defence, which are:
1. Risk Taking Unit, serving as the first line of
defence, is the unit responsible for internal
control function that maintains the quality of
output and business process in accordance
with the Bank’s prevailing policies and
procedures. The Risk Taking Unit takes
direct control of the inherent risks in order to
minimize the residual risks.
2. Risk Management Unit, serving as the second
line of defence, is responsible for managing
the risk to ensure that total risk exposure will
not exceed the Bank’s capital to cover such
risks. The management of risks is undertaken
through the setting and monitoring of risk
limits.
3. Internal Audit, as the third line of defence, is
responsible for ensuring the effectiveness of
internal control at both the risk taking units
and risk management units.
Responsibilities and Authorities of the Board of
Commissioners of BRI.
BRI Board of Commissioners
The responsibilities of the Board of Commissioners
with respect to risk management covers among
other things: endorsing and evaluating the General
Policy on Risk Management of the Bank as well as
overseeing the Board of Directors’ accountability
on the implementation of risk management policy
in accordance with prevailing regulations.
Responsibilities and Authorities of the Board of
Directors of BRI.
The Board of Directors is responsible for
establishing a comprehensive written policy and
Annual Report 2008 Bank Rakyat Indonesia
95.
strategy on risk management that is in accordance
with prevailing rules, including the setting and
approval of risk limits, and being responsible for the
overall risk management policy and risk exposures
of the Bank.
2. Risk Management Committee
In managing the risk exposures of the Bank and
establishing the Bank’s Risk Management System,
the Board of Directors is assisted by the Risk
Management Committee (RMC), which represents
the highest hierarchy in BRI’s Risk Management
System. In addition to the RMC, there are three
sub-RMC namely the Credit Risk Management
Committee (CRMC), Operational Risk Management
Committee (ORMC) and Market Risk Management
Committee (MRMC), all of which were formed
to resolve risk issues that pertain to credit risk,
market risk, operational risk, and other risks. RCM
meetings are convened at least once every quarter.
II. Implementation of Risk Management
BRI evaluates its aggregate risks through a
self-assessment process that produces a Risk
Profile, consisting of the Inherent Risks (risks that
are inherently attached to the Bank’s activities prior
to control implementation) and the Risk Control
System (control over the inherent risks) on eight
types of risks that are inherent on seven functional
activities (credit, treasury, trade finance, funding,
operations and services, IT system, and support
functions).
BRI overall risk profiles for 2008 was Low with a
score ranging from 1.4 to 1.5. On a composite
basis, both the inherent risk and risk control factors
show levels of Low to Moderate, whereas the
overall risks facing BRI’s business in 2008 was
Low, with a stable trend.
The Risk Profile Trends on BRI in 2008 were as follows:
1. Credit Risk Management
Credit Risk is a risk arising from the failure of the
counter party to meet its obligation. The source
of credit risk may come from a variety of activities
of the Bank such as credit (or funding thereof),
treasury, investment, and trade finance in both the
Bank’s trading book and banking book.
For risk-weighted capital, credit risk constitutes the
largest component of risk as lending is the largest
activity of BRI. Credit risk exposures on products
and/or/receivables comprise of lending and
non-lending activities (placement, investment, and
other forms of payables or assets such as in-bank
and external receivables).
Based on the self-assessment of Risk Profile in
2008, the average aggregate inherent risk was
Low with average aggregate risk for risk control
system found to be Strong. Inherent aggregate
risks on credit were measured from several
functional parameters pertaining to aggregate risk
is monitored through some activities parameters of
credit, trade finance, and treasury.
High Risk
Credit Market Liquidity Operational Legal Reputational Compliance Strategic
Q I-2008 Q II-2008 Q III-2008 Q IV-2008
Annual Report 2008 Bank Rakyat Indonesia
96.
Preparation for Basel II Implementation
BRI has formed a Basel II Implementation
Coordinating Structure that involves all related
Operating Units. This Structure is chaired by the
Head of Risk Management Division. Mindful of the
complexity and the huge credit-risk exposure, BRI
has also formed the Basel II Credit Risk Project
Office Team, which is responsible for developing
and implementing a credit risk management using
the Standard and Internal approaches.
The Monitoring and Mitigation of Credit Risks
To maintain the quality of its credit portfolio, BRI
adheres to the principles of prudence in its lending
practices. The key principles in managing credit
risk include among other things the segregation of
the Relationship Management from the Credit Risk
Management, the implementation of the four eyes
principle, application of a risk scoring system, and
the separation of nonperforming loan workouts.
Moreover, the lending practice has to adhere fully
to proven and sound credit procedures.
In order to fully implement the functions of risk
management on credit risks, BRI has prepared
the framework of credit risk management and
governance involving all related parties (Board of
Commissioners, Board of Directors, risk taking
units, Internal Audit, Risk Management Division),
by giving due attention to the basic values of the
Bank, infrastructure, as well as supporting factors
and the Business Plan of the Bank, so that all
parties can discharge their respective roles and
responsibilities towards achieving the Bank’s goals.
BRI has formulated the Loan Portfolio Guideline
that is aimed at helping BRI achieve the ideal credit
portfolio that offers the highest possible returns
with the least associated risks.
Credit risk that arises from lending/financing
activities that constitute BRI’s main business
activity is monitored through several parameters
including Non Performing Loans (NPLs), credit
concentration on 25 largest borrowers, and loss
provisioning ratio. Credit risk from trade finance
activities is monitored through several parameters
such as NPLs on Export Notes, NPLs on Import
LC; whereas risk arising from treasury activities
is monitored through parameters including Net
Performance Asset and outstanding concentration
of the three largest borrowers over issuers. When
compared against the credit risk limit that is set as
the Bank’s acceptable credit risk appetite, the risk
profile of credit/financing activities in 2008 was still
below the limit.
Credit Risk Management Process
In managing the process of risk management,
BRI has developed the Credit Risk Management
Implementation Guideline that has become
the reference for all Operating Units in the
implementation of risk management. The guideline
covers the Working Framework and Governance
on Credit Risk Management, as well as references
for the implementation of Basel II, Back Testing,
Stress Testing, and Internal Rating System for
products and activities that are exposed to credit
risks; the procedures on determining Credit Risk
Limits, Credit Portfolio Manual, and guideline for
determining loss provisioning in areas prone to
natural disasters.
Furthermore, BRI routinely undertakes stress test
analyses (with different simulations and worst-case
scenario). This analysis is done on credit portfolios
using past performance data and based on
existing external and macro-economic conditions,
especially the crisis condition of 2008.
Annual Report 2008 Bank Rakyat Indonesia
97.
BRI is developing a Credit Concentration Limit
guideline to cap the risk exposure at a level that
is tolerable to the Bank for the activities of credit,
treasury, trade finance and sharia banking unit as
part of the Credit Risk Limit. BRI will also formulate
the concentration limit and NPL limit each
economic sector and business segment.
2. Market Risk Management
Market Risk is a risk that may arise as a result of
adverse movements in market variables that could
affect the portfolio held by BRI. Market variables
consist of interest rate and currency-exchange
rate.
The scope of market risk management includes
treasury activities, investment in marketable
securities and the money markets, investment in
other financial institutions, financing activities for
lending or such other purposes, financial raising
activities and the issuance of debt notes, and the
financing activities in trading. This also includes
banking activities that are based on the sharia
principles.
The measurement of market risks (for interest rate
and exchange rate risks) uses the Standardized
Approach as stipulated under Bank Indonesia
regulation no.5/12/PBI/2003. Based on that
approach, the monthly average capital needed for
allocation to cover market risk (interest rate and
exchange rate risks) using Standardized Approach
in 2008 was Rp401 billion or approximately 2.1%
of the Bank’s total capital.
To gauge the likely impact that a rise in the Bank
Indonesia interest rate may have on the Bank’s
profit, net open position and CAR, a stress test is
undertaken periodically, such that potential losses
can be anticipated in advance.
The results of a stress test based on a scenario of
BI rate increases in the range of 10.5% to 13.5%
showed the potential for a mark-to-market loss on
bonds held by BRI. However, the likely impact on
CAR is barely perceptible due to the strong capital
base of BRI.
In order to simplify the management of market
risk and to provide updated information for
management decision, BRI is in the process of
developing an application for upgraded treasury
risk and market risk systems.
3. Operational Risk management
Operational risk arises from inadequate or failure
of internal processes, people and systems or from
external events affecting BRI operations. These
risks should be identified, assessed, measured and
mitigated by every personnel of BRI.
BRI continuously undertakes development and
enhancement in the quality of operational risk
management in order to integrate the internal
interests of BRI and that of the need to comply
with prevailing laws and regulations.
Annual Report 2008 Bank Rakyat Indonesia
98.
The cultivation of a Risk Culture is critical so that
every personnel in all operating units of BRI is able
to identify, measure, control and monitor risks
that are associated with their activities, and to be
able to execute these steps accurately in order to
mitigate the potential loss effectively.
In line with the efforts to implement operational
risk management that is suitable for BRI
needs and those of compliance, and in order
to lower risk composite in its risk profiles, BRI
continuously improves the implementation of
framework, governance, and other operational
risk management tools, including Incident
Management to collect information on incidents
in daily operations. In addition to that, BRI also
optimises the Risk Management Forum and Risk
Management Function in each Operating Unit and
risk management group at the Regional Office.
1. Implement Risk and Control Self Assessment
(RCSA) in all Operating Units. The RCSA
represents tools that are used to estimate risks
and carried out quarterly.
2. Implement the Key Risk Indicator (KRI) in every
risk owner in order to monitor the indicators of
risks from time to time.
3. Prepare for the implementation of Incident
Management (IM) that constitutes a tool
to record, manage and maintain data on
incidents that occurs in every Operating Unit of
the Bank.
4. Organise the Risk Management Forum (RMF)
as a medium or meeting forum between heads
of Operating Units and their subordinates to
discuss issues on risks that are attached to
business or operational activities.
5. Implement risk management functions on
every business operating unit to manage
and monitor risks. This function rests upon
the official/supervisor in the respective units
who is appointed and is responsible for the
implementation of risk management and
the acculturation of risk awareness in the
respective Operating Units.
6. Sort and establish lines of business at BRI that
are aligned with those that are recommended
by the Basel II Accord.
7. Undertake software application development
for MRO in order to simplify the implementation
of MRO and to prepare for the calculation of
operational risk weighted capital using the
Advanced Measurement Approach (AMA)
method.
8. Develop policies on Business Continuity
Management (BCM).
9. Undertake the management of each new
product or activity.
In the case of managing reputational risk,
compliance risk, legal risk, and strategic risk, BRI
has implemented the followings:
1. Appoint the Corporate Secretariat Division as
coordinator for managing reputational risk at
the corporate level.
2. Appoint the Compliance Division as
coordinator for managing compliance risk at
the corporate level.
3. Appoint the Strategic Planning Division as
coordinator for managing strategic risk at the
corporate level.
4. Appoint the Legal Division as coordinator for
managing legal risk at the corporate level.
III. Business Continuity Management (BCM)
In order to assure the business continuity, both in
normal condition and in state of disruption, BRI has
implemented Business Continuity Management
to keep continuity of critical business process,
maintain BRI assets, and provide adequate
response in state of disruption and disaster.
Annual Report 2008 Bank Rakyat Indonesia
99.
The aim of the Business Continuity Management
Policy is to:
• Standardise program on business continuity at
BRI.
• Provide a strategic direction for the
formulation, implementation, evaluation and
updating of the BCM documentation.
• Provide a general reference for the Business
Continuity Management Maintenance Team
(BCMMT) and the Crisis Management
Team (CMT) in preparing their teams to
undertake the resumption of key business and
operational activities in times of emergency
within the allotted period of time.
• Comply with regulations.
The BCM policy comprises of:
1. General information on the BCM Coordination
Structure at BRI.
2. Guidelines on the development of the BCM that
comprise of:
a. Business Impact Analysis.
b. Disaster Risk and Threat Assessment.
c. Recovery Strategy.
d. Procedures on the Recovery Guidelines that
comprise of:
i. (Emergency Response Plan)
ii. (Business Continuity Plan/BCP).
e. Testing
f. Updating and Distribution of Documents
g. Monitoring
With a sense of pride, BRI takes note of the
fact that a number of audit officials from the
communication forum of the Internal Audit Units of
16 state-owned enterprises that are engaged in the
field of minerals and natural resources (including
PT Pertamina, PT Bukit Asam, PGN, PLN, Elnusa
and others), have chosen to benchmark against
BRI and are of the opinion that the BCM policies
of BRI constitute the most comprehensive and
encompassing.
BRI has launched the Bank’s Official Guidelines
on Emergency Recovery, including the use of
banners and flyers to disseminate information on
the subject. These banners and flyers contain
tips on how to face up to disasters and have
been presented by the President Director to the
Compliance Director of BRI in a ceremony marking
the official kick-off of the BCM program in BRI.
Business Continuity
Management
Maintenance Team
(BCMMT)
National Coordinator of
BCMMT : RM Division
Crisis Management Team (CMT) (CMT Head Office, Regional and Branch Office)Main Coordinator of CMT
at HQ: Service Division
Undertake the BCM program
under normal conditions:
- Manage the BCM Program
of BRI
- Internalisation of response
to crisis/emergency and
concern for business
continuity
- Monitoring the
implementation of the
BCM program (including
testing/evaluation)
bankwide for each of
the key business and
operating activities of the
Bank.
Undertake the required steps
and measures during crisis/
emergency, encompassing:
- Identification of crisis/
emergency
- Identification of the safety
and security of employees,
customers and other
stakeholders that are
within the Operating Units
of BRI
- Recovery of operations
including coordination with
related Operating Units
and agencies.
Roles and Responsibilities: Roles and Responsibilities:
BOARD OF DIRECTORS
Annual Report 2008 Bank Rakyat Indonesia
100.
Human Resources Management
Manpower Planning
Human resources management and development
planning has been implemented in a timely manner,
with the right amount and quality consistent with
BRI’s short and long term business plans. To fulfil this,
more emphasis was placed on marketing instead of
non-marketing activities which suited BRI’s unique
characteristic that focuses on the MSME segment.
With respect to business development that followed
organisational growth and the establishment of new
offices, BRI recruited 851 employees in 2008. To fulfil
BRI’s human resource needs, as many as 20,304
people were engaged in non-core business functions
through outsourcing.
The numbers of BRI’s employees in detail for 2007 and
2008 are as follows:
Status 2007 2008
Permanent Employees
Employees in Retirement Preparation
Contract Workers
Trainees
Total BRI Personnel*
36,772
995
13
261
38,041
35,580
1071
791
132
37,574
*) Excluding out-sourced personnel
Number of Personnel (people)
Personnel Based on Position (people)
Position 2007 2008
Executive Vice President 29 52
Vice President 73 81
Assistant Vice President 322 292
Senior Manager 614 627
Manager 476 519
Assistant Manager 3,594 3,428
Officer 9,766 9,478
Assistant 23,167 23,097
Total* 38,041 37,574
*) Excluding out-sourced personnel
Personnel Based on Education (people)
Educational Level 2007 2008
Master’s Degree 849 880
Bachelor’s Degree 20,114 20,577
Diploma 4 4 4
Diploma 3 3,991 3,751
Diploma 2 46 41
Diploma 1 108 100
High School 12,861 12,169
Junior High School 68 52
Total* 38,041 37,574
*) Excluding out-sourced personnel
Annual Report 2008 Bank Rakyat Indonesia
101.
Employee Development and Growth
To face future challenges and business competition,
BRI’s employees are directed to become human capital
with the ability to learn, desire change, be innovative
and provide creative thrust. BRI’s efforts to improve
the quality of its human resources are to routinely
conduct training and development activities through the
movement of its employees (rotation and promotion),
as well as education and training both at home and
abroad.
In line with this, BRI prepared, refined and implemented
certain policies in 2008, such as:
- HRM Blueprint
As a guide so that all human resources
management competency based activities are
implemented in an effective, objective, fair and
transparent manner.
- Employees (personnel grading)
Implementation of personnel grading for employees
is intended to realize the principles of job matching
between the suitability of job requirements and
employees’ qualification.
- Normal Distribution in Employee Performance
Ratings
Aimed at increasing objectivity in employee
assessment in line with work performance so as to
create a competitive work environment.
Education and Training
BRI provided training and development programs that
are adjusted to the needs of the Bank. During 2008,
BRI’s education and training expenditure amounted
to Rp168.60 billion, an increase of 26.11% from
Rp133.69 billion in 2007. Organized training programs
and employee development consisted of:
1. Training for newly recruited employees
Along with BRI’s business growth and expansion
during 2008 which relied on network development,
there had been a lot of recruitment and training to
support BRI’s growing activities. The education
activities for employees conducted during 2008 are
as follows:
- Cadre education for the development of
BRI leaders through the Staff Development
Program (PPS), which was attended by 139
participants;
- Training for Customer Service and Assistant
Loan Officers for KUR involving 1,789
participants, conducted in six Regional
Learning Centres located in Padang, Jakarta,
Bandung, Yogyakarta, Surabaya and
Makassar;
- Training of Front Liners for 7,827 participants,
carried out in order to support BRI’s service
improvement program;
- Training of Associate Account Officers (AAO)
for 993 participants to provide knowledge
about basic credit for account officer
candidates.
2. Job Promotion Training
Training for job promotion is conducted with
the aim of providing skills and knowledge for
employees who have the potential for promotion
and/or have recently been promoted. During 2008,
these trainings were conducted for:
• 36 staff were sent to study at various
universities in the United States (top 50) and
Australia (top 8) for their Master’s degree.
• In-house educational development included:
- Training of Senior Supervisor Development
Program (SSDP), attended by 869
participants,
- Training of Assistant Manager Development
Program (AMDP), attended by 101
participants.
Annual Report 2008 Bank Rakyat Indonesia
102.
• Supplementary training for employees
promoted to the position of Marketing
Manager, Operations Manager and
Sub-branch Manager, attended by 158
participants.
3. Application Training
The application training provides skills and
knowledge needed by employees to support their
work in their current positions. This training is
carried out either in-house or through attending
public courses, in and out of the country. In 2008,
the in-house application training was attended
by 9,242 participants, covering different types of
training which corresponded with the appropriate
needs of users.
4. Development of e-Learning
During 2008, preparations were made for pilot
modules for the early development of e-learning.
The modules include learning how to use
spreadsheet for the calculation of credit needs;
as well as knowledge on Know Your Customer
and risk management. Another area which had
been implemented is the working cooperation with
external providers in order to provide a Learning
Management System for the development of an
e-learning infrastructure.
Employee Welfare
In appreciation towards its human resources, BRI
continued to fine tune the remuneration system in order
for it to be more fair, equitable, competitive, easily
administered, and in accordance with the needs and
capabilities of the Bank. To maintain the level of wages
at a competitive level, BRI regularly follows the wage
survey conducted by independent consultants.
To reward work achievements, and in consideration
of differences in regional living costs, BRI provides
basic wage increases and makes revisions on the
zonal divisions and tariff benefits according to the
respective regional living cost. In 2008, basic wage
increases were implemented with due attention given
to the performance of each employee, while the revised
zonal tariff and allowances for each region was done
to create more equitable zonal divisions which were
representative of the cost of living in BRI offices in
provinces across Indonesia.
Additionally, in order to reward employees on the
basis of BRI’s work culture and to spur better work
performances, BRI also provides financial and non-
financial rewards.
Industrial Relations and Work Culture
Besides the giving of rewards, BRI also employed
policies on punishments that are both consistent and
just to employees who had been proven to have made
disciplinary violations in order to create a healthy and a
sense-of-fairness in the working environment.
Related to this, each BRI employee needs to act
appropriately both in a personal and professional
capacity in carrying out their duties. At the same
time, work culture continues to be developed and
implemented through the Performance Improvement
Program that must be carried out at least once a
year in each office and to make the Code of Ethics
a standard behavioural guide. At the end of 2008,
Revitalization Work Culture activities were carried out
by BRI’s Change Agents across Indonesia to establish
a commitment to improve the quality of customer
service to both internal and external customers.
Annual Report 2008 Bank Rakyat Indonesia
103.
The Company also continuously maintained good
communications with the Labour Union who are
strategic partners in developing the Company’s future.
Pursuant to the regulations as stipulated in Labour
Act No. 13 of 2003, the Collective Labour Agreement
(PKB) was made in 2007 between BRI and its labour
union to be used as a manpower relations agreement
for the period of 2007 - 2009. Article 11 paragraph
1 mentions that BRI gives equal opportunity and
treatment in terms of the career development of its
full-time employees in accordance to the requirements
of the post, competencies and needs of the Bank. The
aforementioned Collective Labour Agreement has been
delivered to all employees at all levels.
BRI’s Code of Ethics
Running a business with a code of ethics of a high
standard is imperative to maintain and enhance the
reputation and business of the Bank in the long term.
Recognizing the importance of this, BRI has since 2003
established a code of ethics that applies to all levels of
the BRI organization.
This code of ethics describes the basic principles of
personal and professional behaviour expected of every
individual in BRI in performing their duties. Applying the
code of ethics in BRI creates a work environment that
is open and honest, maintains good relations with all
stakeholders for the long-term successful achievement
of BRI. Implementation of the code of ethics is also
a part of good risk management and builds a good
reputation for BRI.
In developing a code of ethics, BRI applies the
principles of Good Corporate Governance, namely:
• Transparency
• Accountability
• Responsibility
• Independence
• Fairness
Elements incorporated in BRI’s code of ethics include:
• Compliance with legal and banking policy
• Relationships with external customers
• Relationships with local communities
• Relationships between management and bank
employees
• Policy in advertising/promotion
• Obligation to keep bank secrecy
• Integrity and accuracy of bank bookkeeping
• Transactions with customers and suppliers
• Policy in the case of conflict of interest
• Prohibition to receive or offer bribes
• Policy on political contribution and activity
• Policy on gifts and entertainments
Annual Report 2008 Bank Rakyat Indonesia
104.
Information Technology
As a banking organization with many offices spread
widely across Indonesia, BRI has made information
technology an important factor which is greatly needed
to create the integration and optimal utilization of the
Bank’s network.
In accordance with BRI’s vision for Information
Technology to drive the creation and development
of a technological environment which is efficient,
reliable and integrated within BRI’s business activities,
the mission of Information Technology is to provide
the optimal information system that supports BRI’s
business operations, increases shareholder value,
and provides technology services on the basis of
competitive Service Level Agreement (SLA). It also
encourages and supports productivity and efficiency,
while minimizing operational risks, and providing a safe
and secured technological environment.
In 2008, BRI’s Information Technology achievements
were as follows:
Development of Core Banking System (CBS)
BRINETS
Throughout 2008, Operating Units that implemented
the online BRINETS application were: 1,296 Unit
Offices, 18 Branch Offices, 82 Sub-Branch Offices, 86
Cash Offices and 3 Operating Units at the Head Office.
With this implementation, BRINETS was installed in a
total of 3,879 BRI Operating Units in order to enlarge
BRI’s network that can provide services in “real time,
on-line” environment.
Annual Report 2008 Bank Rakyat Indonesia
105.
Development of Management Information System
(MIS)
Development of MIS was conducted to improve the
accuracy of the data, the timeliness in the provision
of data, as well as to integrate data and information in
relation to business needs.
Development of Electronic Banking
To serve customers 24 hours a day, 7 days a week,
BRI needs to improve and develop electronic banking
features continuously. Electronic channel makes it easy
for customers to obtain information, communicate and
conduct banking transactions through ATMs, phone
banking facilities, electronic funds transfer, mobile
phones and EDCs.
Cooperation
Information technology also supports BRI’s cooperation
process with several institutions such as Bulog (host-
to-host payment with Bulog’s third parties), PUSRI
(host-to-host purchase of fertilizer), Pertamina (new
host-to-host fuel purchases), UNPAD (host-to-host
payment of university tuition fees) and Taspen (pension
payments using fingerprint identification).
Business Continuity Plan and Disaster Recovery
Plan
To maintain customers’ trust and mitigate operational
risk when failure occurs to the system’s infrastructure
and information technology applications, BRI had
prepared a Business Continuity Plan and Disaster
Recovery Plan that are part of the Company’s Business
Continuity Management. Pilot tests for the systems
application and infrastructure were carried out
periodically so that BRI’s business activity can still run
when there is damage or disruption to the Information
Technology infrastructure. BRI has prepared a Disaster
Recovery Centre (DRC) in a different location from the
Data Centre to be used as a back-up facility when the
Data Centre encounters problems.
Availability of Communications Network
Along with the development of BRI’s network and
operations in Indonesia, which grew rapidly and
the increase in on-line Operating Units, BRI must
maintain the availability of its communications network
supported by continuous supervision of the Enterprise
Monitoring System and using redundant and different
communication media such as satellite, terrestrial and
wireless systems.
Systems Security and Security Awareness
BRI’s technology infrastructure is evaluated and
audited on a regular basis with the aim of mitigating
weaknesses and fragility risks to the Information
Technology infrastructure. After the system’s fragility
was identified, appropriate corrective actions were
taken in accordance with Vulnerability Management
standard procedures. BRI is also preparing for
certification of Operational Information Technology
Security, to comply with ISO Standards (ISO 27001
2005) which is recognized internationally. To improve
the Information Technology Security Awareness, BRI
has implemented the Security Awareness program to
all of BRI’s employees.
Annual Report 2008 Bank Rakyat Indonesia
106.
Tough competition in the financial industry made banks
more aggressive in adding to their branch-office and
e-channel networks. Until the end of 2008, BRI has
the largest operational bank network compared with
other banks in Indonesia. With its vision to become the
largest National Payment Gateway bank in Indonesia,
BRI must pursue the strategy of network expansion
aggressively in order to prevent a loss in market
share. Supported by the development of information
technology, BRI will maintain dominance in network
services in both urban and rural areas.
BRI currently has more than 5,400 Operating Units
which are spread across the archipelago, both in urban
and in rural areas. Networks and operations consist of:
• 1 Head Office
• 14 Regional Offices
• 12 Regional Audit Offices
• 1 Special Branch Office
• 372 Branch Offices
• 337 Sub-Branch Offices
• 3 Overseas Offices
• 179 Cash Offices
• 4,417 BRI Units (Micro Outlets)
• 76 Service Posts
• 27 Sharia Branch Offices
• 18 Sharia Sub-Branch Offices
As of December 2008, 3,879 BRI Operating Units have
been connected on-line. Those Operating Units cover
the entire divisions in the Head Office, Regional Offices,
Regional Audit Offices, Branch Offices, Sub-Branch
Offices, 2,987 BRI Units, Sharia Branch Offices, Sharia
Sub-Branches, and Learning Centres. BRI plans to
bring all of its remaining Operating Units into the real-
time on-line system in the near future.
Network and Services
Annual Report 2008 Bank Rakyat Indonesia
107.
2. Creating support synergy for internal support and
other service providers through the Service Level
Agreement (SLA) mechanism.
Some service activities have been conducted in an
attempt to improve the quality of
BRI’s service, for both external and internal customers
(BRI business units), including among others:
1. Preparation and development of new policies
and procedures in the form of a new Standard
Operating Procedures (SOP) to support business
and operational continuity and support the creation
of improved quality service in every operational
Operating Unit;
2. Preparation of various quality improvement
programs to upgrade BRI’s service that aims to
achieve “Customer Satisfaction in All Segment.”
The upgrade of the quality improvement process is
done to improve the queue system, simplification
of front liner work process, handling customer
complaints, and the One Stop Service on Customer
Service to expedite the account opening process;
3. Execution of the development of integrated and
accurate monitoring tools for the e-Banking and
Complaint Management System in order to realize
BRI’s e-Banking service quality;
4. Improvement in the quality of service to internal
customers (all BRI Operating Units in Indonesia),
BRI carried out monitoring of the development
and completion of the quality customer database.
This database can be used as a medium for cross
selling in the future and provide solutions to the
problems that are reported by all Operating Units in
Indonesia in accordance with the SLA.
To support the performance of the network, BRI
carried out several strategic programs such as the
standardization of the display of office buildings and
ATM booths to improve both the corporate image
of BRI and the quality of ATM services. While for
maximising the performance of Operating Units, BRI
has carried out network classification for Branch Offices
and Sub-Branch Offices and performance evaluation
for Regional Offices, Branch Offices and Sub-Branch
Offices based on the balanced scorecard system that
has been running regularly and consistently.
For 2009, BRI’s strategy remains to continue to add
outlets in selected and intended potential areas. In the
implementation of information technology functions,
BRI will add on-line outlets, electronic banking
technology using Biometrics (Finger Print) and EDC
(Electronic Data Capture) in order to optimise the
function of delivery channels and improve Fee Based
Income. While for e-channel deliveries, the strategic
expansion of the e-channel network will be carried
out on a relatively large scale. In addition, to optimise
performance and efficiency of Operating Units, BRI will
reexamine every Branch Office for its organisational
structure suitability with business needs as well as
determine parameters for upgrade and downgrade
Operating Units status in respect to their respective
cost and benefits.
Service
BRI has a special Operating Unit responsible for
preparing the development of operational and quality
services policy, manage service disruption system,
customer data quality and e-Banking services to
achieve accurate, valid, and timely service excellence
in accordance with current goals and conditions to
support business growth. Service mission that must be
implemented to achieve this includes:
1. Developing service management to build
BRI’s image that always prioritise on customer
satisfaction and provide service excellence, and
Annual Report 2008 Bank Rakyat Indonesia
108.
Corporate Social Responsibility
BRI seeks to maintain the long-term sustainability
of its business activities through the Company’s
corporate social responsibility (CSR) program in the
economic, social, and environmental fields while taking
into consideration the needs of both BRI and the
community as well as without harming the interests
of shareholders. BRI believes that CSR activities are
not only voluntary, but reflects all of the Company’s
business activities. Companies that are responsible
should provide significant contributions towards the
welfare of the community in the vicinity of where
it operates. BRI has developed a number of CSR
programs to help improve the community’s quality of
life and develop economic self-reliance through the
Partnership and Community Development Program
(PKBL).
In 2008, BRI’s PKBL financial statements were audited
by the Public Accounting Firm of Herman Dody
Tanumihardja & Partners with the opinion of “fairly in all
material respect” in accordance with Report No. 19/
GA/HDT-DH.HT/PKBL-BRI/IV/2009 on 7 April 2009.
Partnership Program
The Partnership Program is a program to improve
the ability of small business to become strong and
independent through the utilization of funds derived
from the Company’s profits. Partnership loans are
targeted at existing small businesses that are already
feasible but do not qualify for BRI’s commercial loans
as they are still non-bankable.
BRI carries out the Partnership Program of “BRI
Cares for Small Businesses” in the form of financial
assistance and guidance to increase the productivity
of its guided partners classified as small businesses,
including cooperatives, the fishery sector, trade,
industry, services, agriculture and others, in BRI’s work
Annual Report 2008 Bank Rakyat Indonesia
109.
Region
Sector
Total %Fisheries/Animal Husbandry
Trade Industry ServicesAgriculture/Plantation
Cooperatives & Others
Grants & Aid
Sumatra
Jakarta
West Java
Central Java
East Java
Kalimantan
East Indonesia
Total
1.79
0.05
0.29
0.12
1.11
0.32
2.94
6.62
10.25
3.90
3.05
2.92
1.68
1.38
10.58
33.76
1.39
0.18
0.62
0.45
0.45
0.48
1.39
4.96
2.73
0.73
0.57
0.60
1.00
0.37
3.58
9.58
1.51
0.37
0.35
0.21
0.32
0.09
0.88
3.73
1.77
0.08
0.29
0.13
0.20
0
0.51
2.98
0.32
1.31
0.19
0.19
0.13
0
0.16
2.30
19.75
6.61
5.37
4.63
4.90
2.64
20.04
63.94
30.89
10.34
8.39
7.23
7.67
4.13
31.34
100.00
regions throughout Indonesia. “BRI Cares for Small
Businesses” activities that have been conducted, were
in the form of entrepreneurial training and product
marketing assistance for guided partners which
included exhibitions in the country and the provision
of partnership loans with affordable terms. The aim
of granting partnership loans to Small Business is to
provide easier access to capital for owners of micro
and small businesses that aren’t as yet bankable but
are expected to improve capabilities and productivity.
Guided partners can later become embryos of
commercial customers who are served by BRI’s
commercial loan scheme.
During 2008 the Company provided Partnership
Program funds to the tune of Rp63.94 billion, of which
Rp61.64 billion were in the form of Partnership Loans.
(in Rp billion)
Distribution of Partnership Funds in 2008
Annual Report 2008 Bank Rakyat Indonesia
110.
BRI Cares for Natural Disaster Victims
BRI has provided assistance of Rp0.96 billion for
victims of natural disasters that occurred in several
areas, including: assistance for victims of the Cianjur
landslide, floods in most parts of the islands of Java
and Sulawesi, and the earthquake in Dompu. In
addition, BRI also provided relief aids for victims of
the tidal waves and strong winds in Kalabahi, and
the earthquake Manokwari, and bush fires in South
Kalimantan.
BRI Cares for Places of Worship
Rp2.84 billion of assistance was distributed for the
construction or renovation of places of worship and
devotee facilities.
BRI Cares for Education
Distribution of BRI Cares for Education in 2008
amounted to Rp18.39 billion, which included
scholarship assistance to students and undergraduates
from poor families, the building of classrooms in
public schools and Islamic religious schools, library
assistance, uniforms and school supplies, and the
mission of supporting the arts as well as training
assistance to the community.
BRI Cares for Health
BRI has provided Rp7.96 billion in aid to enhance
public health. Assistance given includes: basic food
aid package for low-income communities, free health
service/treatment, help for operations, support the cost
of patient care in 30 public hospitals, public clinics in
Indonesia’s border areas and immunization assistance
and Posyandu (Community Health Centre).
Sectors Number of Partners %
Fisheries/Animal Husbandry
Trade
Industry
Services
Agriculture/Plantation
Cooperatives/Others
Grants and Aid
Total
271
1,568
224
405
122
59
162
2,811
9.64
55.78
7.97
14.41
4.34
2.10
5.76
100.00
Realization of Partnership Program in 2008
Community Development Program
The scope of BRI’s Community Development Program
includes field support for natural disaster victims,
assistance for places of worship, health assistance,
education and training assistance, and support for
the development of public infrastructure and facilities
to help conserve nature via the BRI Cares Program.
In 2008, Rp35.62 billion was channelled to the
Community Development Program.
Annual Report 2008 Bank Rakyat Indonesia
111.
BRI Cares for Public Facilities
Rp4.67 billion of aid was disbursed to repair irrigation
systems and channels, erection of bus stops, support
the development of traditional markets, public gardens,
orphanage homes renovation, making wells and
water pumps, purchase of hearse, construction and
installation of bio-gas, clean water collection centres
and renovation of public buildings.
BRI Cares for Nature Conservation
Rp0.80 billion was distributed in the form of tree
planting in critical land areas.
In the upcoming years, more Partnership and
Community Development Program will be undertaken
by BRI, among others, to support the development of
prima donna products from local areas and provide
priority social assistance for the improvement of
education and public health.
Annual Report 2008 Bank Rakyat Indonesia
112.
Sha
ring
Del
ight
ful E
xper
ienc
es w
ith C
usto
mer
s
In the efforts to realise the vision of BRI to be a leading commercial bank that always prioritises customer satisfaction,
BRI emphasises on providing services that induce a delightful experience on the part of every customer. The initiatives
begin at the banking halls of BRI’s main branch offices of BRI, where customers enjoy a relaxed and pleasant
atmosphere in their every day banking transactions, and which are currently being applied consistently across BRI’s
vast service platforms and units throughout the country.
Annual Report 2008 Bank Rakyat Indonesia
113.
Annual Report 2008 Bank Rakyat Indonesia
114.
Bunasor Sanim
President Commissioner/Independent Commissioner
Born in Brebes on 16 December 1945. Appointed President
Commissioner of BRI since 30 May 2006, and Independent
Commissioner of BRI since 17 May 2005, having served previously
as the Chairman of the Audit Committee of BRI (2005-2006).
Presently he is Lecturer and Dean of the Faculty of Economics and
Management of the Bogor Agricultural University (IPB). He is active
in several professions including as Chairman of the Association
of Economics Graduates of Bogor Raya; and a member of the
Advisory Board of the International Centre for Analysis of Finance and
Economic (Inter CAFE), the Advisory Board of the Indonesia Economic
Intelligence, the Advisor Team for the IPB Mutual Fund Investment,
and the Senior Scientist Partnership, a cooperation between IPB
and University of Göttingen, Germany. He graduated with a degree
in Agriculture Social Economics in 1975 and a Master’s degree in
Agricultural Economics in 1983, both from IPB, and a Doctorate
degree in Resources Economics from the University of the Philippines
at Los Banos in 1986.
Agus Pakpahan
Commissioner
Born in Sumedang on 29 January 1956. Appointed
Commissioner of BRI since 30 May 2006. Presently
he is Deputy of the Agro Industry Business Sector,
Forestry, Paper, Printing and Publication of the Ministry
of State Enterprises; Head of the Executive Board of
the Collective Plantation Farmers Association, and
as Lecturer of Research Methodology at the Post
Graduate Program of the Bogor Agricultural University
(IPB). He has previously served as General Director of
Production Management, Department of Agriculture,
and President Commissioner of PT Perkebunan
Nusantara (Persero) XIV (1999-2003). He graduated
with a degree in Forestry in 1978 and a Master’s degree
in Agricultural Economics in 1981, both from IPB, and
a Doctorate degree in Agricultural Economics from
Michigan State University, USA, in 1988.
Profile of the Board of Commissioners
Annual Report 2008 Bank Rakyat Indonesia
115.
Agus Suprijanto
Commissioner
Born in Yogyakarta on 14 August 1953. Appointed
Commissioner of BRI since 22 May 2007. He is
currently an Advisor for the Ministry of Finance,
having previously served as Head of Central Analysis
and Policy Harmonisation, the Ministry of Finance.
He graduated with a degree in Law from Udayana
University, Denpasar, in 1985, a Master of Arts degree
in International Economics in 1991, and a Doctorate
degree in Econometrics in 1995, both from the
University of Colorado, Boulder, USA.
Saifullah Yusuf
Commissioner
Born in Pasuruan on 28 August 1964. Appointed
Commissioner since 5 September 2007. Presently
he is the Chairman of the Anshor Youth Movement
Centre, having previously served as the State Minister
of Remote Area Development, in the United Cabinet
of Indonesia (2004-2007). Prior to that, he served
as a Member of the House of Representatives of RI
(1999-2004). He graduated with a degree in Social and
Political Science from National University, Jakarta, in
2003.
Annual Report 2008 Bank Rakyat Indonesia
116.
B. S. Kusmuljono
Independent Commissioner
Born in Bogor on 24 June 1943. Appointed
Independent Commissioner of BRI since 17 May
2005. Presently he is Chairman of the Micro Finance
Empowerment Committee of Indonesia; President
Commissioner of PT Syarikat Takaful Indonesia;
Chairman of PT Tatamasa Group/Microfin; Chairman
of the Centre for Policy Reform of Indonesia; and
Chairman of the Wali Amanah Assembly Committee,
Bogor Agricultural University (IPB). He is also Lecturer
at the Bandung Institute of Technology (ITB). Previously,
he was President Director of PT (Persero) Permodalan
Nasional Madani. He graduated with a degree in
Chemical Engineering from ITB, Bandung, in 1970, an
MBA degree from the University of Southern California,
USA, in 1974, and a Doctorate degree in Environment
and Natural Resources Management from IPB, Bogor,
in 2007.
Baridjussalam Hadi
Independent Commissioner
Born in Yogyakarta on 7 January 1948. Appointed
Independent Commissioner of BRI since 30 May
2006. He is currently Chairman of the Indonesian
Banking Development Foundation, having been a
career official with Bank Indonesia since 1979, serving
in various positions with the latest as an Advisor for
Sharia Banking attached to the Board of Governors.
He graduated with a degree in Economics from the
Jenderal Sudirman University, Purwokerto, in 1976
and a Master of Arts degree from Vanderbilt University,
USA, in 1984. He also attended the Leadership School
of Bank Indonesia in 1994.
Annual Report 2008 Bank Rakyat Indonesia
117.
Aviliani
Independent Commissioner
Born in Malang on 14 December 1961. Appointed
Independent Commissioner of BRI since 17 May 2005,
having previously served as the Director of INDEF (Institute
for Development of Economics and Finance). She is an
active researcher and writer of several books on economic
reviews. She in presently Chairperson of ISICOM (the
Indonesian Society of Independent Commissioners); a
member of the Executive Board of ISEI (the Indonesian
Association of Economics Graduates) Jakarta chapter; a
member of the Sharia Ecomomic Expert Community Board;
co-founder of the Centre for Policy Reform of Indonesia;
advisor to the Global Association of Risk Professional
(GARP)-Indonesia; and member of the Indonesian
Provincial Government Association Board (APPSI). She
graduated with a degree in Economics from the Atmajaya
University, Jakarta, in 1985, an MBA degree from the
University of Indonesia, Jakarta, in 1995, and is currently
reading for her Doctorate degree in Business Management
at the Bogor Agricultural University.
Annual Report 2008 Bank Rakyat Indonesia
118.
Sofyan Basir
President Director
Born in Bogor on 2 May 1958. Appointed President Director of
BRI since 17 May 2005, having previously served as the President
Director of Bank Bukopin. He began his banking career with Bank
Duta in 1981, and moved to Bank Bukopin in 1986, where he
held several managerial positions including as Manager of several
branch offices of Bank Bukopin and as Commercial Director,
prior to his appointment as President Director of Bank Bukopin.
He graduated with a degree in Accountancy from STAK Trisakti,
Jakarta, in 1980.
He attended several training courses and seminars on banking
and management, including Bank Indonesia’s Executive Risk
Management Certification (Denpasar); Islamic Finance Forum
(Switzerland); Seminar on Business Continuity Planning, by Ernst
& Young; SESPIBANK (Jakarta); Strategy Development Session,
IBM; and Structuring Loans & Short Term, the Institute of Banking
& Finance.
Sarwono Sudarto
Director
Born in Sragen on 21 March 1952. Appointed Director
of BRI since 30 May 2006. He has been with BRI since
1976, serving in various positions including Manager
of BRI Finance Limited Hong Kong, Branch Manager,
Head of Retail Business Division, Head of Internal Audit
Division, Head of Strategic Planning Division, and Head
of Treasury Division BRI. He graduated with a degree in
Economics from Diponegoro University, Semarang, in
1975 and an MBA degree from Tulane University, USA, in
1987.
He attended several training courses and seminars on
banking including Capital Market (Tokyo); Bank Indonesia’s
Executive Risk Management Certification – BSMR
(Singapore); The National Defence College (LEMHANAS
RI), SESPIBANK (Jakarta); Credit Manager; Organization
Management. He represented BRI in several conferences
in London, Hong Kong and Singapore.
Profile of the Board of Directors
Annual Report 2008 Bank Rakyat Indonesia
119.
Abdul Salam
Director
Born in Kudus on 28 August 1948. Appointed Director of BRI
since 30 May 2006, having previously served as Director and
President Director of PT PNM (Persero). Formerly a career official
with Bank Indonesia, he served in various positions including as an
Advisor attached to the Board of Governors, Director of the BPR
(Rural Credit Bank) Supervisory Directorate, Director of the Credit
Directorate, and Head of the Bank Indonesia Office in Bandung.
He graduated with a degree in Economics from the Diponegoro
University, Semarang, in 1974, and Master in Management from
IPPM, Jakarta, in 1996, and a Doctorate degree from the Post
Graduate School of Gajah Mada University, Yogyakarta, in 2007.
He attended various training courses and seminars including Bank
Indonesia’s Executive Risk Management Certification – BSMR
(Denpasar); Micro Credit Summit (New York); the National Defence
College (LEMHANAS RI); Pollution Abatement Equipment Project
(Washington); Financial Information System (Sydney); Project
Management for Leading Position (Germany); SESPIBI (Jakarta).
Sudaryanto Sudargo
Director
Born in Semarang on 12 May 1952. Appointed Director of BRI since
30 May 2006. He has been with BRI since 1978 and has served
in several managerial positions including as Head of Corporate
Division, Head of Human Resources Management Division,
Regional Manager of BRI Bandung, and prior to his appointment to
Directorship, as Head of Agribusiness Division. He graduated with a
degree in Agriculture from the Bogor Agricultural University in 1977,
and an MBA degree from Adelphi University, USA, in 1987.
He attended various training courses and seminars on banking
including the International Conference on Future of the Palm Oil
Business (Thailand); Bank Indonesia’s Executive Risk Management
Certification – BSMR (Hong Kong & Singapore); Master Card
Executive Forum (Macao); 2nd Annual World Renewable Energy
Summit (Malaysia); Asia Pacific Region Micro Credit Summit
(Bangladesh); SESPIBANK (Jakarta); Organization Management
Temasek (Jakarta & Yogyakarta); Professional Banker’s Program,
Citibank (Jakarta); Loan Syndication Course with Citicorp (Hong
Kong).
Annual Report 2008 Bank Rakyat Indonesia
120.
Sulaiman Arif Arianto
Director
Born in Boyolali on 2 August 1958. Appointed Director of BRI
since 30 May 2006. He began his banking career with BRI in
1983 and has since served in various positions including as Head
of Agribusiness Division, Head of General Business Division, and
Regional Manager of BRI Denpasar and BRI Jakarta. He graduated
with a degree in Animal Husbandry from the Bogor Agricultural
University in 1981, and an MBA degree from the University of New
Orleans, USA, in 1991.
He represented BRI in several organizations such as APRACA,
the UN Advisor for Inclusive Financial System and Micro Finance
Networks. He was guest speaker in several international seminars
on MSME, including Asian Banking Forum (Jakarta); APEC SME
Working Group (Denpasar); Financial Technology Conference
(Singapore); Micro-finance Sustainability, APRACA, (Kunming); APO
Forum; Micro Banking & Risk Management Workshop (Beijing);
Asia Pacific Regional Micro-credit Summit (Bali).
A. Toni Soetirto
Director
Born in Yogyakarta on 18 August 1958 and graduated from the
Bogor Agricultural University in 1981. Appointed Director of BRI
since 2006. He began his banking career in 1983 with Bank
Duta, and subsequently moved to Bank Bukopin where he
served in various managerial positions including Group Head of
Credit & Marketing for Financial Institutions, Syndication Team
Leader, Director of Risk Management and Compliance and last
as Commercial Director.
He attended various courses and seminars on banking
including: The Branch of The Future (Barcelona); Self Service
Banking (Barcelona); Structured Trade and Export Finance
(Singapore); The Strategic Board (Australia); Comparative’s
Study for Trade Financing and Risk Management (Germany);
Corporate Funding Strategies (Kuala Lumpur); Compliance
Director Workshop; Securities Lending (Singapore), and
Advanced Core Credit (Singapore).
Annual Report 2008 Bank Rakyat Indonesia
121.
Lenny Sugihat
Director
Born in Bogor on 26 March 1956. Appointed Director of BRI since
30 May 2006. She has been with BRI since 1981, working her
way up through various assignments including a Head of Strategic
Planning Division, Head of Agribusiness Division and last served
as Head of Loans Restructuring and Recovery Division prior to her
appointment as Director. She graduated with a degree in Fisheries
from the Bogor Agricultural University in 1979, and earned an MBA
degree from the University of Houston, Texas, USA, in 1993.
She attended various courses and seminars on banking
including: Bank Indonesia’s Risk Management Certification –
BSMR (Denpasar); The World Bank Conference on the ”Role of
State-Owned Banks” (USA); Strategic Management in Banking
Programme (France); SESPIBANK (Jakarta); Problem Loan and
Loan Syndication Training (Sydney); Advanced Management
Program for Overseas Bankers (USA); and Credit Risk Management,
BRI – Citibank.
Bambang Soepeno
Director
Born ini Surakarta on 23 November 1952. Appointed as
Director of BRI since 30 May 2006. He has been with
BRI since 1980 and served in various positions including
Inspector of BRI Medan, Head of International Division,
Director of Pension Fund and last served as Head of Internal
Audit of BRI Head Office. He graduated with a degree in
Animal Husbandry from Diponegoro University, Semarang,
in 1979, and an MBA degree from St. Louis University, USA,
in 1991.
He attended various courses and seminars on banking
and corporate governance including Bank Indonesia’s
Risk Management Certification – BSMR (Singapore); The
IIA International Conference (USA); Prevention of Banking
Crime (Jakarta); Good Corporate Governance (Jakarta);
International Bankers Seminar (USA); Risk Management,
(ASEAN); SESPIBANK (Jakarta); Auditing Capital Market and
International Trade Finance (Hong Kong).
Annual Report 2008 Bank Rakyat Indonesia
122.
Asmawi Syam
Director
Born in Ujung Pandang on 16 August 1955. Appointed Director of
BRI since 5 September 2007. He has been with BRI since 1980,
attaining various leadership positions including Regional Manager
of BRI Denpasar, Regional Manager of BRI Bandung, Head of
Consumer Banking Division, and Head of General Business Division.
He graduated with a degree in Economics from Hasanuddin
University, Ujung Pandang, in 1979, and a Master in Management
degree from Padjadjaran University, Bandung, in 2003.
He attended various training courses and seminars including
SESPIBANK (Jakarta); World Congress on IT Information (Adelaide);
Asset & Liability Management, Credit Risk Management &
International Banking (Brussels); Strategic Leadership (Bangkok);
Card and Payment, EFMA (Paris); SOE Restructuring & Performance
Enhancement (Jakarta); and Public Private Partnership (Sydney).
Suprajarto
Director
Born in Yogyakarta on 28 August 1956. Appointed as Director
of BRI since 5 September 2007. He has been with BRI since
1983, serving in various managerial positions including as
Branch Manager, Deputy Manager of Regional Office BRI
Jakarta, Head of Corporate Secretariat Division, and Regional
Manager of BRI Jakarta I. He graduated with a degree
in Economics from Universitas Pembangunan Nasional,
Yogyakarta, in 1982, and a Master in Management degree
from Padjadjaran University, Bandung, in 2001.
He attended various training courses and seminars including
The Branch of the Future (Barcelona); International Trade BRI
Hong Kong & BRI New York Agency; the Fifth Annual Asia
Pacific Mobile Payments (Bangkok), SESPIBANK (Jakarta),
and Executive Management Development Program (Jakarta).
Annual Report 2008 Bank Rakyat Indonesia
123.
Slamet Riyadi Head of Logistics and Fixed Assets Management Division
Basuki SetyadjidHead of Treasury Division
Dwi Hari Sugeng Prijono (alm.)*Head of Program Business Division
Hartono SukimanHead of Corporate Secretariat Division
Yusuf NawawiHead of Education and Training Division
TriyanaHead of Operations Centre Division
Irwan RinaldiHead of Financial & Management Accounting Division
Dede Suherman S.Head of International Business Division
Dwi Agus PramudyaHead of SOE Business Division
Wachju PrijatnaHead of Agribusiness Division
Djarot KusumayaktiHead of Credit Risk Analysis Division
I Komang SudiarsaHead of Institutional Relations Division
SusiloHead of Funds Services Division
Donsuwan SimatupangHead of Retail Loans Division
WindiartonoHead of Risk Management Division
Heru SukantoHead of Loans Restructuring and Recovery Division
Ano KurniadiHead of Credit Administration Division
M. Jarot Eko WinarnoHead of Human Resources Management Division
Zulhelfi AbidinHead of Information System and Technology Division
Mohamad HelmiHead of Credit Card Division
Joice Farida RosandiHead of Consumer Loans Division
Luki Presisa Budi UtamiHead of Services Division
Agus Katon ES.Head of General Business Division
Wasito PramonoHead of Micro Business Division
MudjiharnoHead of Legal Division
IriantoHead of Strategic Planning Division
Agoes RoediyantoHead of Micro Business Network Division
Moch. Hadi SantosoHead of Retail Business Network Division
Retno SurdiniHead of Compliance Division
A. Firman TaufickHead of Marketing Communications Division
Ali MudinHead of Internal Audit
Senior Managers
*) Passed away on 16 December 2008
Head Office
Annual Report 2008 Bank Rakyat Indonesia
124.
Agus Imam SudjahriRegional Manager of BRI Banda Aceh
Albert RadjagukgukRegional Manager of BRI Medan
Mohammad IrfanRegional Manager of BRI Padang
Randi AntoRegional Manager of BRI Palembang
Tri SusiloRegional Manager of BRI Jakarta 1
Nandi H. HamakiRegional Manager of BRI Jakarta 2
Yasirin Ginting S.Regional Manager of BRI Bandung
A.M. Nova ChristianaRegional Manager of BRI Semarang
Teddy Rustandi A.R.Regional Manager of BRI Yogyakarta
Agus HidayatRegional Manager of BRI Surabaya
Hidzuldin ElfaniRegional Manager of BRI Banjarmasin
I.B. Putra ArthamaRegional Manager of BRI Denpasar
Eko Wahyu AndriastonoRegional Manager of BRI Manado
Teten Djaka TrianaRegional Manager of BRI Makassar
Ircham Sjafindra R.Inspector of BRI Medan
Hadi SusantoInspector of BRI Padang
Umi HaryatiInspector of BRI Palembang
Yadie SupriatnoInspector ofBRI Jakarta
Muchsin Choirul AmienInspector BRI Bandung
SulistiantoInspector of BRI Semarang
Tjuk SugiyonoInspector of BRI Yogyakta
Jimmy E. EliasInspector of BRI Surabaya
Budi PurnomoInspector of BRI Banjarmasin
Putut Broto SayonoInspector of BRI Denpasar
Rusli WitjahjonoInspector of BRI Manado
Kuwat WaluyoInspector of BRI Makassar
Regional Office
Regional Audit Office
Opi Sofyan SuryadiHead of Special Branch
Special Branch Office
Annual Report 2008 Bank Rakyat Indonesia
125.
Products and Services
Savings Products
BritAma
Demand Deposit
Time Deposit
Simpedes
Hajj Savings
Loan Products
Micro Loans
Kupedes
People Business Loan (KUR) - Micro
Retail Loans
Working Capital Loan
Briguna Loan
Investment Loan
Express Loan
Construction Loan under OB1 Framework
PPTKI Loan (for Indonesian Migrant Worker Agency)
Franchise Loan
Warehouse Receipt Loan
Petrol Station Loan
BTS Loan
Bank Guarantee
Program Loans
People Business Credit (KUR)
Loan to Members of Primary Coperatives (KKPA)
Loan for the Development of Bio Fuels & Revitalization
of Plantation (KPEN-RP)
Loan to Small Business Group (KKUK)
Loan to Micro and Small Business - Government Notes
(KUMK – SUP)
Loan for Food and Energy Security (KKPE)
Loan for the Economic Empowerment of Coastal
Communities (PEMP)
Consumer Loans
Credit Card
Housing Loan (KPR)
Motor Vehicle Loan (KKB)
Multi-Purpose Loan (KMG)
Medium and Corporate Loans
Working Capital Loan
Export Working Capital Loan
Investment Loan
Import Working Capital Loan
Construction Working Capital Loan
Import Guarantee Facility
Standby LC
Bank Guarantee
Infrastructure Loan
Syndication Loan
Banking Services
Priority Banking
Cash Management System
Salary-Based Loan
Treasury Service
Foreign Exchange Transaction
Swap Transaction
Forward Transaction
Trustee Services
Securities Sales Agency
Custodial Services
Financial Institution Pension Funds
International Banking
Export-Import Transaction
International Remittance
Letter of Credit
Annual Report 2008 Bank Rakyat Indonesia
126.
Networks
Banda Aceh
Medan
Padang
Palembang
JakartaBandung
Yogyakarta
SemarangSurabaya
Denpasar
Banjarmasin
No BRI NetworksTotal Networks
2007 2008
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
Head Office
Regional Offices
Regional Audit Offices
Special Branch Office
Branch Offices
Overseas Offices
Sub-Branch Offices
Cash Offices
BRI Units (Micro Outlets)
Service Posts
Sharia Branch Offices
Sharia Sub-Branch Offices
Total
1
14
12
1
340
3
230
24
4,300
100
27
18
5,070
1
14
12
1
372
3
337
179
4,417
76
27
18
5,457
Annual Report 2008 Bank Rakyat Indonesia
127.
Makassar
Manado
Annual Report 2008 Bank Rakyat Indonesia
128.
Operating Unit (OU) Type of OU Address Area Code Telephone Facimile Telex
BANDA ACEH KW Jl. Cut Meutia No. 17, Banda Aceh 0651 22822 (hunting) 23487, 22352
1. BANDA ACEH KC Jl. Cut Meutia No. 17, Banda Aceh 0651 22900 (hunting), 7410714 31190 54100, 54118
1. Sabang KCP Jl. Perdagangan No. 123, Sabang 0652 22601/4 22603
2. BIREUN KC Jl. Kol. Husein Yoesof I No. 1-2, Bireun 064421146, 21126, 21013, 21230,
32312622040 54166
3. BLANG PIDIE KC Jl. Persada, Desa Keude Siblah, Blang Pidie 0659 91938, 91008, 91266, 91127 91070 54210
4. KUTACANE KC Jl. Iskandar Muda No. 14, Kutacane 0629 21170, 21031, 21399, 21961 21170 54309
1. Blangkejeren KCPJl. Kute Lintang No. 136, Pasar Centong Bawah,
Blankejeren Kab. Gayo Lues0642 21776 21776
5. LANGSA KC Jl. Darussalam No. 1, Langsa 064121033, 21812, 21342, 21365,
2153521364 51829
1. Kuala Simpang KCPJl. Iskandar Muda No. 4-5, Kuala Simpang, Kab. Aceh
Tamiang0641 333365/66 333367
6. LHOKSEUMAWE KC Jl. Merdeka No. 1, Lhokseumawe 064541905/7, 41695, 41478, 43459,
4190640214 51797
1 Lhoksukon KCP Jl. Pangnanggroe No. 4, Lhoksukon Aceh Utara 0645 32224, 32225 32227
7. MEULABOH KC Jl. Gajah Mada No. 70 A-B, Meulaboh 0655 7006217 7006311 54168
8. SIGLI KC Jl. Prof. A. Madjid Ibrahim 065321306, 21411, 21912, 22450,
2153522411 54165
9. TAKENGON KC Jl. Yos Sudarso No.164, Takengon 0643 21294, 21406, 21342, 21117 21119 54109
10. TAPAKTUAN KC Jl. Nyak Adam Kamal No. 42, Tapaktuan 0656 21613, 21038, 21456, 21747 21066 54211
1. Singkil KCPJl. Iskandar Muda No. 13, Rimo, Kec. Gn. Meria, Kab.
Singkil0658 21237, 21402 21401
MEDAN KW Jl. Putri Hijau No. 2 A, Medan 061 4525666, 4528323 4525601
1. BALIGE KC Jl. Sisingamangaraja No. 188, Balige 0632 21159, 21365, 21032 21085 52539
2. BINJAI KC Jl. Sutomo No. 6, Binjai 061 8821503, 8821062, 8823220 8824997 51039
1. Diski KCP Jl. Binjai Medan KM. 13.5, Diski Sei Semayang, Binjai 061 8441781 8441784
2. Stabat KCP Jl. Perniagaan, No. 124-126, Stabat 061 8912690 8912721
3. GUNUNG SITOLI KC Jl. Gomo No. 1-3, Gunung Sitoli 0639 21158, 21560, 21038 22128 51032
4. KABANJAHE KC Jl. Veteran No. 100, Kabanjahe 0628 21158, 20420/21, 21361, 21302 22141 51254
1. Brastagi KCP Jl. Pasar Buah Kel. Tambaklau No. 34, Brastagi 0628 91812 91474
5. KISARAN KC Jl. Dr. Wahidin No. 2, Kisaran 0623 41475/76, 42475/6 43335 51289
6. LUBUK PAKAM KC Jl. Negara No. 100, Lubuk Pakam 061 7952033, 7952089, 7951068 4532170
7.MEDAN ISKAN DAR
MUDAKC Jl. Iskandar Muda No. 18/173, Medan 061
4553100, 4555324, 4574766,
45554044513733 52144
1. Asia KCP Jl. Asia No. 148, Asia, Medan 061 7369335 7368683
2. Kapten Muslim KCP Jl. Kapten Muslim, No. 8 F, Medan 061 8442091 8442091
3. Sunggal KCP Jl. Sei Batanghari No. 3, Medan 061 8448002
8. MEDAN P. HIJAU KC Jl. Putri Hijau No. 2, Medan 061 4576555, 4526555, 4532373 4532170 51162, 51584
1. Krakatau KCP Jl. G. Krakatau No. 145-146 A, Medan 061 6612067
2. Pulau Brayan KCP Jl. Yos Sudarso No. 630/134, Medan 061 6614391, 6645656
9.MEDAN SISINGA-
MANGARAJAKC Jl. Sisingamangaraja No. 241, Medan 061
7881111 (hunting), 7880808,
818384/5 7868333
1. Medan Mall KCP Jl. Pusat Pasar No. 10 A, Medan 061 4516474 4573048
2. Aksara KCP Jl. Arief Rahman Hakim No. 118 B, Medan 061 7332316
10. PADANG SIDEMPUAN KC Jl. Jend. Sudirman No. 36, Padang Sidempuan 0634 21122, 21992, 21905 21905 51995
1. Penyabungan KCP Jl. Wilem Iskandar No. 173, Penyabungan 0636 321054 321054
11. PEMATANG SIANTAR KC Jl. Merdeka No. 2, Pematang Siantar 062221447, 21048, 23909, 25076,
2945923419 51993
1. Perdagangan KCPJl. Sisingamangaraja No. 479, Perdagangan, Pematang
Siantar0622 96166 96166
12. RANTAU PRAPAT KC Jl. Jend. Sudirman No. 1, Rantau Prapat 0624 21441/43, 21029, 24040, 23777 21222 51056
1. Aek Kanopan KCP Jl. Jend. Sudirman, No. 28, Aek Kanopan, Rantauprapat 0624 92319 92319
13. SIBOLGA KC Jl. Brigjend. Katamso No. 3, Sibolga 0631 21592, 21163, 22813 23479 51982
14. SIDIKALANG KC Jl. Sisingamangaraja No. 128, Sidikalang 0627 21854/57, 21086/7, 21782 21782 51093
BRI Network and Addresses
Annual Report 2008 Bank Rakyat Indonesia
129.
Operating Unit (OU) Type of OU Address Area Code Telephone Facimile Telex
15. TANJUNG BALAI KC Jl. Jend. Sudirman No. 3, Tanjung Balai 062392065, 92519, 93200, 94001,
9244692446. 51030
16. TARUTUNG KC Jl. Sisingamangaraja No. 97, Tarutung 063321452, 21313, 21445, 20474,
2156921985 51279
17. TEBING TINGGI KC Jl. Dr. Sutomo No. 24 B, Tebing Tinggi 0621 21182, 21850 22024 51034
1. Sei Rempah KCPPusat Perniagaan & Perumahan Asia Bisnis Centre,
Jl. Raya Medan KM. 60, Sei Rempah 0621 442086 442087
PADANG KW Jl. Bagindo Azis Chan No. 30, Padang 0751 32204, 31964 s.d. 31970, 32788 31971/74, 25373
1. BAGANSIAPIAPI KC Jl. Merdeka No. 43, Bagansiapiapi, 28911 0767 21311 21329, 21192, 24011/2 2196056268,
56248
1. Bagan Batu KCPJl. Jend. Sudirman No. 392 A, Bagan Batu Kab. Rokan
Hilir, Propinsi Riau0765 551897 551901
2. BANGKINANG KC Jl. Jend. Sudirman No. 61, Bangkinang 0762 20423, 20042, 20286 21377 56328
1. Ujung Batu KCPJl. Sudirman No. 38, Ujung Batu, Kel. Ujung Batu, Kec.
Tambun, Kab. Rokan Hulu0762 62129/39 62209
3. BATUSANGKAR KC Jl. S. Parman No. 45, Batusangkar 075271051, 71011, 71380, 73733/4,
7396872855 55447
4. BENGKALIS KC Jl. Jend. Sudirman No.18, Bengkalis, 28712 0766 22107, 21087/88 22459 56344
5. BUKITTINGGI KC Jl. Jend. A. Yani No. 3, Bukittinggi 075232690, 33317, 21761, 22622,
627778/9, 3416734746
55298,
55438
1.Aur Kuning
BukittinggiKCP Jl. By Pass Pasar Aur Kuning, Bukittinggi 0752 626007 627580
2. Lubuk Basung KCP Jl. Diponegoro Hilir Simpang III, Lubuk Basung 0752 877680/1 877680
6. DUMAI KC Jl. St. Syarif Kasim No. 42, Dumai 0765 33040, 37877, 34777, 35159 35480 55277
7. DURI KC Jl. Jend. Sudirman (depan Ktr Camat Mandau) Duri 0765 94340, 595919, 94340 91160
8. LUBUK SIKAPING KCJl. Jend. Sudirman No. 48,
Lubuk Sikaping 0753 321210, 20436, 20276, 20065 20435 55434
1. Simpang Empat KCPJl. Raya Manggopoh - Simpang Empat, Kabupaten
Pasaman 0753 65786/7 65785
9. PADANG KC Jl. Bagindo Aziz Chan No. 30, Padang 0751 30630, 38383 3172755226,
55249
1. Khatib Sulaiman KCP Gd. Kanins Padang, Jl. Khatib Sulaiman No. 50 0751 446308, 445964 446308
10. PADANG PANJANG KC Jl. Jend. Sudirman No. 220, P. Panjang 0752 83257/8/9, 83260/1 83888 55448
11. PAINAN KC Jl. H. Agus Salim No. 30, Painan, Pesisir Selatan 0756 21012, 21212, 21221 21012 55442
12. PARIAMAN KC Jl. Merdeka No. 21, Pariaman 0751 93025/61, 91365, 91465, 93025 91365 55430
13. PAYAKUMBUH KC Jl. Jend. Sudirman No. 6, Payakumbuh 075292120, 91102, 93934, 92556,
9198792145 55439
14. PEKANBARU KC Jl. Jend. Sudirman No. 316, Pekanbaru 0761 33444, 33643, 31733, 33511 3777156214,
56191
1. Pangkalan KerinciKCP
Rukan Akasia, Jl. Akasia 1, Bumi Lago Indah, Blok I/7,
Komp. PT RAPP, Pangkalan Kerinci 0761 95803/4 95083
2. Perawang KCP Jl. Raya KM 6 Perawang, Kec Tualang Perawang 0761 91415, 7052744 91044
3. Tuanku Tambusai KCPJl. Tuanku Tambusai Mo. 8-9,
Pekanbaru0761 64799 64788
15. P. BATAM KC Jl. Imam Bonjol Blok. A No. 8-9, Batam 0778458788, 458778, 458973,
459988456417
1.Tanjung Balai
KarimunKCP Jl. Pramuka No. 40, Tanjung Balai Karimun 0777 327420, 327267 327421
2. Batam Centre KCP Jl. Engku Putri No. 3, Batam Centre Batam 0778 462368, 462400 462368
3.Panbil Mall Kuning
BatamKCP Jl. Komp. Pertokoan Panbil Mall B 5 Muka Kuning Batam 0778 371372, 371370 371373
16. RENGAT KC Jl. M.T. Haryono No.15, Rengat 0769 21090, 21391/94, 21368, 323500 2136856349,
56314
1. Teluk Kuantan KCP Jl. Dipenogoro No. 7, Teluk Kuantan 0760 20473, 20546 20387
17. SELAT PANJANG KC Jl. Diponegoro No. 50 A, Selat Panjang, 28753 0763 31131/36, 31709 33871 56278
18. SIJUNJUNG KCJl. Prof. M. Yamin No. 25 B,
Muaro Sijunjung, 25711 0754 20203, 20160, 20033, 20143 20033 55449
Annual Report 2008 Bank Rakyat Indonesia
130.
Operating Unit (OU) Type of OU Address Area Code Telephone Facimile Telex
1. Koto Baru KCPJl. Raya Lintas Sumatera Simpang IV, Koto Baru, Sijunjung,
275810754 71675/76 71670
19. SOLOK KC Jl. Jend. Sudirman No. 1, Solok 0755 21369/70 21360 55441
20. SUNGAI PENUH KC Jl. Jend. Sudirman No. 3, Sungai Penuh, 37111 0748 21917, 323656, 21319/20, 21903 323489 27256
21.TANJUNG
PINANGKC Jl. Teuku Umar No. 29, Tanjung Pinang 0771 27632, 21076/77 21076, 313860
57140/
41
22. TEMBILAHAN KC Jl. M. Boya No. 4 A, Tembilahan 076821128, 21703, 21042, 22286,
2191821703 56244
PALEMBANG KW Jl. Kapt. A. Rivai No.15, Palembang 0711 313411, 367755 312262
1. ARGA MAKMUR KC Jl. Jend. Sudirman No. 91, Arga Makmur 0737 521007, 521029 521038 27248
1. Muko-muko KCP Kel. Muko-muko, Kab. Muko-muko 0737 71618 71619
2. BANDAR JAYA KC Jl. Proklamator Raya No. 1, Bandar Jaya, Lampung Tengah 0725 25354/6/7, 24354 25660 26377
3. BANGKO KC Jl. Bangko Rendah No. 3, Bangko 0746 21005/8, 322376 21007 27565
1. Sarolangun KCP Jl. Lintas Sumatera, Pasar Atas Sarolangun 0745 91909 91904
4. BATURAJA KC Jl. Akmal No. 116, Baturaja 0735320273, 321044, 322145,
320007, 322035, 323914/5322150 27546
1. Gumawang KCPJl. A.K. Gani, Desa Gumawang, Kec. Belitang, Kab. Oku
Timur0735 452363 452364
5. BENGKULU KC Jl. S. Parman No. 120, Bengkulu 0736 22762, 22981, 22919 20087. 27577
1. Raflesia KCP Jl. Semangka No. 45, Panorama, Bengkulu 0736 348688 27533
6. CURUP KC Jl. Merdeka No. 49, Curup 0732 21362/3, 21370 21618 27367
7. JAMBI KC Jl. Dr. Soetomo No. 42, Jambi 0741 31213/7, 31035 25625 27560
1. Abujani Sipin KCP Jl. Kol. Abujani No. 41, Sipin, Jambi 0741 669830, 669938 669830
8. KAYU AGUNG KC Jl. Let. Marzuki Jahri I/45, Kayu Agung 0712321460/61/63, 321212,
321461/2321005 27391
9. KOTA BUMI KC Jl. Jend. Sudirman No. 20, Kotabumi, LU 0724 21335, 21715, 25235 22030 26259
1.Liwa Lampung
BaratKCP
Pasar Liwa, Jl. Jend. Sudirman No. 25 A Liwa, Lampung
Barat0726 21600, 21230 21230
2. Tulang Bawang KCP Jl. Lintas Timur Pasar Unit II, Tulang Bawang 0726 750319, 750399 750738
10. KUALA TUNGKAL KC Jl. K.H. Dewantoro No. 4, Kuala Tungkal 0742 21080, 21326 21778 27242
11. LAHAT KC Jl. Mayor Ruslan I/1, Lahat 0731321772, 321355, 322056,
32322523368 27268
12. LUBUK LINGGAU KC Jl. Yos Sudarso No. 92, Lubuk Linggau 0733 323255, 323447, 323256 323315 27595
13. MANNA KC Jl. Jend. Sudirman No. 215, Manna 0739 21176, 21041, 21148 21148 27516
14. METRO KC Jl. Jend. Sudirman No. 50, Metro 0725 42621, 42634/5/7 42636 26258
15. MUARA BULIAN KC Jl. Jend. Sudirman No. 54, M. Bulian 0743 21018, 21320, 21825, 21695 21321 27398
16. MUARA BUNGO KC Jl. Anggrek No.1, Muara Bungo 0747 21019, 21566, 21559 21020 27354
1.Pasar Sarinah-
Rimbo Bujang KCP Jl. Pahlawan Pasar Sarinah Rimbo Bujang, Muara Bungo 0747 431825/6, 431824 421074
17. MUARA ENIM KC Jl. Jend. Sudirman No. 88, Muara Enim 0734 422020/1, 422640 421074 27269
1. Tanjung Enim KCP Jl. Lintas Tanjung Enim Batu Raja 0734 453764 452369
18. PAGAR ALAM KCJl. Kombes H. Umar No. 126,
Pagar Alam0730 621451, 622451 621055 27366
19. PALEMBANG RIVAI KC Jl. Kapten A. Rivai No.15, Palembang 0711 367688, 364081 312271 27201,
27392
1. Sudirman KCP Jl. Jend. Sudirman No. 12 A, Palembang 0711 376861, 376862 376861
20.PALEMBANG
SRIWIJAYAKC Jl. Letkol Iskandar No. 27, Palembang 0711 379966, 361500, 320423 379967 27371
1. Lemabang KCPJl. R.E. Martadinata, Kel. Sungai Buah, Kec. Ilir Timur II
Palembang0711 710546 716798
2. Veteran KCP Jl. Veteran, Kelurahan 20 Ilir Kec. Ilir Timur I, Palembang 0711 353557 310120
21. PANGKAL PINANG KC Jl. Diponegoro No. 1, Pangkal Pinang 0717423991, 432780, 431169,
432771/3, 431132431702 27857
22. PRABUMULIH KC Jl. Jend. Sudirman No. 6, Prabumulih 0713 320334, 320627, 323698 320848 27192
23. PRINGSEWU KC Jl. Jend. Sudirman No. 495, Pringsewu 0729 21132, 22722, 21246/7 21245 26367
Annual Report 2008 Bank Rakyat Indonesia
131.
Operating Unit (OU) Type of OU Address Area Code Telephone Facimile Telex
24. SEKAYU KC Jl. Let. Munandar No. 397, Sekayu 0714 321029, 321091 321632 27390
1. Sungai Lilin KCPJl. Raya Palembang Jambi No. 073 KM. 111, Kel Sungai
Lilin0714 322730 322171
2. Pangkalan Balai KCPJl. Raya Palembang Betung No. 006, Kelurahan Pangkalan
Balai, Kec. Banyuasin III Kab. Banyuasin0711 891091 891698
25. SUNGAI LIAT KC Jl. Jend. Sudirman No. 16, Sungai Liat 0717 92026/27/28, 94028 92921 27696
26. TANJUNG KARANG KC Jl. Raden Intan No. 51, Tanjung Karang 0721269881, 260000, 264961,
269880, 262994 26292726353,
26180
1. Pasar Natar KCPJl. Raya Natar Merak Batam No.1380, Natar, Lampung
Selatan 0721 92734/5, 406447, 7400320 92735
27. TANJUNG PANDAN KC Jl. Merdeka No. 11, Tanjung Pandan 0719 23511, 21013/14, 21674 21560 27570
28. TELUK BETUNG KC Jl. Laks. Malahayati No.78, Teluk Betung 0721 471425, 472222 486058 26176
1. Kalianda KCPJl. Indra Bangsawan No. 150 A, Kel. Urang, Kec. Kalianda,
Kab. Lampung Selatan0727 323124 322313
2. Jendral Sudirman KCPJl. Jend. Sudirman No. 88, Kel. Enggal Kec. Tanjungkarang
Pusat Bandar Lampung0721 259358 265404
JAKARTA 1 KW Jl. Veteran No. 8, Jakarta Pusat 021 3840802 3453685
1. JKT CUT MUTIAH KC Jl. Cut Mutiah No.12, Jakarta 021 3143061, 3142752 3106552
61570,
61829,
69034
1. BPKP KCP Jl. Pramuka No. 33, Kel. Utan Kayu Utara, Jakarta Timur 021 8564002/3 8199196
2. Cikini KCP Jl. Cikini Raya No. 58 R, Jakarta Pusat 021 3915344 3915343
3. Menteng KCPPlaza Menteng, Jl. HOS. Cokroaminoto No. 079, Jakarta
Pusat021 3151425, 3154910, 3154812 3154812
2. JKT DAAN MOGOT KCJl. Daan Mogot No. 17, Kel. Duri Kepa, Kec. Kebon Jeruk,
Jakarta Barat 11510021
5683660, 56963053, 56963124,
56963310, 5696342356962970
3. JKT GN. SAHARI KC Jl. Gunung Sahari Raya No. 18, Jakarta Pusat 021 6006272/4, 6598256 6006280 40117/8
4. JKT HAYAM WURUK KC Jl. Hayam Wuruk No.108, Jakpus 021 6297280, 6496935 6252217 63655,
41542
1. Muara Baru KCPJl. Muara Karang Raya No. 31, Blok A-B Utara, Kel Pluit,
Kec Penjaringan, Jak Utara021 6614146 6614146
2. Pesanggrahan KCPRuko Jl. Pesanggrahan No. 2A, Kel Meruya Utara, Kec
Kembangan, Jakarta Barat021 58906231, 58905250 58905249
3. Taman Palem KCPKomp. Perum Taman Palem Lestari Blok C 1, No. 39,
Jakarta Barat021 55956548, 55963704 55963564
5. JKT JATINEGARA KC Jl. Raya Jatinegara Timur IV/ 448 021 8506400, 8516471 8500646 48115
1. Klender KCPJl. Pahlawan Revolusi No. 4, Kel Klender, Kec Duren Sawit,
Jakarta Timur021 86612405, 86612414 8600405
6. JKT KEBON JERUK KCJl. Panjang RT. 13/RW. 01, Kel. Kebon Jeruk, Kec. Kebon
Jeruk, Jakarta Barat021 5356368 5301640
7. JKT KELAPA GADING KC
Jl. Raya Boulevard Barat Blok LC 6
Kav 69 - 70, Kel. Kelapa Gading Barat,
Kec. Kelapa Gading Jak-Ut
021 4507656, 4507911 4507654
8. JKT KEMAYORAN KCGd. PELNI Lt. 1, Jl. Angkasa No. 18 Kemayoran, Jakarta
Pusat021 4212903/4/5/6/8, 4212911, 4212913 49628
1. Cempaka Mas KCPGraha Cempaka Mas I Blok E.1/24, Jl. Letjen. Suprapto,
Jakarta021 4255328, 42803024 4255277
2. Sunter KCPJl. Danau Sunter Blok M. Kav 33,
Sunter Agung, Tj Priok, Jakarta 14350021 70768011 65837007
9. JKT KOTA KC Jl. Kopi No. 54, Jakarta 021 6918281, 6927385, 6928659 6924658 42852
1. Glodok KCPKomp. Pertokoan Glodok Plaza No. B-18 Jl. Pinangsia
Raya, Jakarta 11110021 6248037, 6248038 6248036
2. Teluk Gong KCP Ruko Duta Indah SQ Blok B/1, Teluk Gong 021 66698264/5 66698269
3. Tubagus Angke KCP Komp. Duta Blok E 1/12, Jakarta Barat 021 56944495, 56944509 5694457
10. JKT KRAMAT KC Jl. Kramat Raya No.138, Jakpus 021 3100152/3/4/5, 3904609/11 3100156 61890
1. Manggarai KCPJl. Dr. Saharjo No. 92, Kel. Menteng Atas, Kec. Setiabudi,
Jakarta Selatan021 8370337 83703622
2. Pramuka KCPJl. Pramuka Raya No. 12, Kel. Palmeriam, Kec. Matraman,
Jakarta Timur021 8517931 8517948
Annual Report 2008 Bank Rakyat Indonesia
132.
Operating Unit (OU) Type of OU Address Area Code Telephone Facimile Telex
3.Sunan Giri
Rawamangun KCPJl. Balai Pustaka No. 53, Rawamangun, Jakarta Timur
13221021 47860123 47862345
11. JKT KREKOT KC Jl. Samanhudi No. 44, Jakarta Pusat 021 2311873, 2311976, 2314174 3812876 44547
12. JKT MANGGA DUA KCGd. Mall Mangga Dua Kav. 23-24, Jl. Arteri Mangga Dua
Raya021
6013623, 6127945, 6255641,
61279446013624 41259
13. JKT OTISTA KC Jl. Otto Iskandardinata No. 72, Jakarta Timur 0212801328, 2800991,
2800717/19/20, 28000962800718 48229
1. Pondok Kelapa KCP Jl. Pondok Kelapa Raya Blok F.I No.4A, Jakarta Timur 021 86903931, 86903235 86902926
2. Tebet KCP Jl. Tebet Barat IX No. 35-B, Tebet, Jakarta 12810 021 83705544 83705545
3. Pangkalan Jati KCPJl. Jatiwaringin No. 20 Rt. 005/ 05 Cip.Melayu, Jakarta
Timur021 86613897 86613898
4.Pasar Grosir
CililitanKCP Jl. Mayjend. Sutoyo No. 76 021 30016917/ 18/ 20 30016919
14. JKT RASUNA SAID KCGd. Wisma Bakrie 2, Lantai Dasar,
Jl. H.R. Rasuna Said, Kav. B-2, Jakarta Selatan021 57942119/ 21 57942122
15. JKT RAWAMANGUN KC Jl. Pemuda Kav. 78 A-B, Rawamangun, Jakarta Timur 021 4714719, 4714559 4714601
16. JKT ROXI KCPusat Niaga Roxi Mas Blok B1 No. 1-2, Jl. KH.Hasyim
Ashari, Jakarta Pusat021 63855121, 6329986/ 82 6329982 67200
1.Mall Taman
AnggrekKCP
Mall Taman Anggrek Ground Floor G. 31 (Banking Centre)
Jl. Letjen S. Parman Kav. 21 Jakarta021 5639581/ 2/ 3 5639581
2. Kebon Jeruk KCP Wisma Relasi, Jl. Panjang No. 333, Jakarta Barat 021 5481433, 5481320 5332487
3.Universitas
TarumanegaraKCP Jl. Tanjung Duren Utara No 1, Grogol, Jakarta Barat 021 5961585/6 56961587
4. Ciledug KCPPusat Perdagangan Anugrah Ciledug Blok D No. 32, Jl.
H.O.S. Cokroaminoto, Sudimara Barat Ciledug Tangerang021 73440663 73440713
5. Jembatan Lima KCPJl. KH. Mas Mansyur No. 120 C, Kel. Sereal, Kec. Tambora,
Jakarta Barat021 63866641 63866641
17. JKT SGT SENEN KCJl. Senen Raya No. 135, Blok C II 9-12 Segitiga Senen,
Jakarta Pusat021 3507966/7 3852328 66149
1. Kelapa Gading KCPJl. Klp Gading Boulevard Blok TA 2/34,
Kel. Klp. Gading, Kec. Koja, Jak-Ut 14240021 4523476 4516478
18. JKT SUDIRMAN 1 KCGedung Arthaloka, Jl. Jend Sudirman Kav 7, Jakarta Pusat
10220021 57933251 57933253
19. JKT TNH ABANG KC Jl. Tanah Abang III/ 4, Jakarta Pusat 021 3454529 3840522 46262,
35262
1.Markas Besar
TNI-ADKCP Jl. Veteran No. 4, Jakarta 021 3519652 3811321
2. Asshidiqiyah KCP Jl. Arteri Kebon Jeruk, Kedoya, Jakarta 021 5813591 5813592
3. Tanah Abang KCPJl. K.H. Fachrudin No. 36, Blok B No. 2 Pertokoan Tn.
Abang Blok A/21, Jakarta Pusat021 39840050 2305331
4. Tomang KCPJl. Kyai Caringin No. 68, Kel. Cideng, Kec. Gambir, Jakarta
Pusat021 63859842, 63859843
5. Slipi KCPJl. Kemanggisan Raya No. 19/6 C, Kel. Kemanggisan, Kec.
Palmerah, Jakarta Barat021 53690977/8/9 53690979
20. JKT TJ. PRIOK KC Jl. Yos Sudarso No. 1 Tj. Priok, Jakarta Utara 021 4300381, 419875, 4300161 43937634 64138,
64148
1. Adpel Tj.Priok KCPKantor Administrator Pel. Tanjung Priok Lt.1, Jl. Palmas
No.1, Jakarta Utara021 43908446, 43908559 43908447
2. Penggilingan KCPJl. Raya Hamengkubuwono No. 30, Penggilingan Cakung,
Jakarta Timur021 4605628/9 4605659
21. JKT VETERAN KC Jl. Veteran No. 8, Jakarta Pusat 0213843553, 3847739, 3453689/98,
3840802, 3858254/55, 37572553842840 45205
1. RSPAD KCP Jl. Abdurachman Saleh, Jakarta 021 3841731, 3524665 3519851
2.Departemen
KeuanganKCP Gedung B Jl. Dr. Wahidin No. 1, Jakarta 021 3519806, 3452334, 3504991 3452334
3. Pertamina KCP Jl. Perwira II No 2 - 4, Jakarta Pusat 10110 021 3506709, 35004383507094/
95
4. Lemhannas KCP Jl. Medan Merdeka Selatan No. 10, Jak-Pus 10110 021 3519809 3500437
Annual Report 2008 Bank Rakyat Indonesia
133.
Operating Unit (OU) Type of OU Address Area Code Telephone Facimile Telex
22. KETAPANG KC Jl. Jend. A. Yani No.12, Ketapang, Kalimantan Barat 0534 32091/92, 31195. 32170 29380
23. MEMPAWAH KC Jl. G.M. Taufik No. 29 Mempawah, Kalbar 78912 0561 691067, 691306, 691072 691140 29320
24. PONTIANAK KC Jl. Barito No. 2, Pontianak, Kalimantan Barat 0561734009, 760945, 780876,
742775, 741616733019 29167
1. Gajah Mada KCPKomplek Pertokoan Pasar Flamboyan, Jl. Gajah Mada Blok
259, Pontianak0561 734711 733145
25. PUTUSSIBAU KC Jl. D.I. Panjaitan No. 4, Putussibau, Kalimantan Barat 0567 21436, 21020 21592 29351
26. SANGGAU KC Jl. Jend. Sudirman No. 59, Sanggau Kalimantan Barat 0564 21123, 21502, 22122. 21215, 29342
27. SINGKAWANG KC Jl. P. Diponegoro No. 23, Singkawang, Kalimantan Barat 0562 631653, 631654, 634477 633336 29205
1. Bengkayang KCPKomplek Pertokoan Jl. Jerenden AR, Ds. Bumi Emas,
Bengkayang0562 441459 441054
2. Pemangkat KCP Jl. Moh. Hambal No. 82, Pemangkat 0562 243776 243775
28. SINTANG KC Jl. Adi Sucipto No. 1, Sintang, Kalimantan Barat 0565 21506, 21504, 21949 22409 29331,
29443
BANDUNG KW Jl. Asia-Afrika No. 57-59, Bandung 022 4200356 (Hunting) 432038 4200348
1. BANDUNG AHMAD
YANIKC
Jl. A. Yani No. 276, Kel. Kacapiring, Kec. Batununggal,
Bandung022 7270277 7270421
2.BANDUNG ASIA-
AFRIKAKC Jl. Asia-Afrika No. 57-59, Bandung 022
4200350/2, 4200360, 4206356,
4200352439142
24141,
24143
1. Metro Trade Center KCP Jl. Soekarno-Hatta Blok F No. 12, Bandung 022 70633500 7536379
2. Rajawali KCP Jl. Rajawali No. 95, Bandung 022 6047038 6046595
3.BANDUNG A.H.
NASUTIONKC Jl. Ujung Berung No. 140, Bandung 022 7800048, 7803140/1 7803948 28936
4.BANDUNG DEWI
SARTIKAKC Jl. Dewi Sartika No.1-3, Bandung 022 4203666, 4207335, 4215324/5 4232486
28177,
28680,
28817
1.ITC
Kebon KelapaKCP ITC Kebon Kelapa, Jl. Pungkur, Bandung 022 5234267/ 8 5234268
2. Pasar Baru KCP Jl. Otto Iskandardinata No. 77, Bandung 022 4263419, 4209480 4263620
3. Pasar Caringin KCPPasar Induk Caringin Blok A.1 No. 35,
Jl. Soekarno-Hatta, Bandung022 5430777 5430791
5. BANDUNG NARIPAN KC Jl. Naripan No. 93, Bandung 0224231564, 4264330, 4240240,
4231532, 42150664236417 28848
1. ITB KCPKampus ITB,
Jl. Dayang Sumbi No. 7, Bandung022 2508531, 2508486, 2508544
2. Pasir Kaliki KCP Jl. Pasir Kaliki No. 150, Bandung 022 4239960 4208523
3. Setra Sari KCP Jl. Surya Sumantri No. 34 A, Bandung 022 2020896, 2016222 2016222
4.Simpang Buah
BatuKCP Jl. Buah Batu No. 162, Bandung 022 7323107/ 7307665 7323107
6. BANJAR KC Jl. Ciamis No. 1, Banjar 0366 741811/2/3 741810 28936
1. Pangandaran KCP Jl. Merdeka No. 202, Pangandaran 0265 630036, 630147 630036
7. CIAMIS KC Jl. Ir. H. Juanda No. 166, Ciamis 0265771073, 772469, 772825,
774450771219 28853
8. CIANJUR KC Jl. Adi Sucipto No. 8, Cianjur 0263261237, 263843, 261174,
262210265542 28752
1 Cipanas KCP Jl. Raya Cipanas No. 34, Pacet, Cianjur 0263 511031 511506
9. CIBADAK KC Jl. Siliwangi No. 93 A, Cibadak 0266 531106, 531376, 531810 533345 28028
1. Pelabuhan Ratu KCP Jl. Pramuka No. 95, Ds. Pelabuhan Ratu, Kab. Sukabumi 0266 433625/6 432100
10. CIMAHI KC Jl. Raya Cimahi No. 598, Cimahi 022 6654579, 6651728 6652724 28757
1. Soreang KCP Jl. Raya Soreang No. 48, Soreang 022 5897460, 5897461, 5892939
2. Padalarang KCPJl. Raya Padalarang No. 50 B, RT. 004/13, Ds. Kertajaya,
Kab. Bandung022 6808032, 6808230 6808032
11. CIREBON KC Jl. R.A. Kartini No. 85, Cirebon 0231 202085, 204285 208470 28590
1. Weru KCPJl. Raya Plered No. 84 A, Kec. Weru,
Kab. Cirebon0231 322715 322716
12. GARUT KC Jl. Jend. A. Yani No. 65, Garut 0262 232318, 235393 232013 28124
Annual Report 2008 Bank Rakyat Indonesia
134.
Operating Unit (OU) Type of OU Address Area Code Telephone Facimile Telex
13. INDRAMAYU KC Jl. D.I. Panjaitan No.227/C, Indramayu 0234 271364, 271397, 272322 28724
1. Patrol KCP Jl. Raya Patrol, Kec. Sukra, Kab. Indramayu 0234 611864 611864
14. JATIBARANG KC Jl. Siliwangi No. 3, Jatibarang 0234351062, 351470, 351270,
351550351550, 354406 28705
15. KUNINGAN KC Jl. Ahmad Yani No. 6, Kuningan 0232871449, 871264, 871125,
875977871126 28728
16. MAJALAYA KC Jl. Raya Laswi No. 258, Majalaya 0225950211, 5951747, 5950425,
59519465953730 28655
1. Banjaran KCP Jl. Raya Banjaran No. 202, Majalaya 022 5940335 5940335
2. Rancaekek KCP Jl. Raya Dangdeur Timur No. 105, Rancaekek, Majalaya 022 7793370 7793370
17. MAJALENGKA KC Jl. KH. Abdul Halim No. 286, Majalengka 0233281307, 281207, 281479,
283891, 283718282279 28729
1. Abdul Fatah KH KCP Jl. KH. Abdul Fatah No. 59, Cikijing, Kab Majalengka 0233 318431 318432
18. PAMANUKAN KC Jl. Ian Marta Sasmita No. 52, Pamanukan 0260 551348/9, 553567, 551223 550480 28077
19. PURWAKARTA KC Jl. Kol. Kornel Singawinata No. 68, Purwakarta 0264 200120/1, 200186 206535 45746
20. SINGAPARNA KC Jl. Raya Timur No. 6, Singaparna 0265545821, 545332, 545609,
544666545820 28107
21. SUBANG KC Jl. Otto Iskandardinata No. 87, Subang 0260 413141/2, 413228/9, 420264/5 413230 28737
22. SUKABUMI KC Jl. A. Yani No. 38, Sukabumi 02662040024, 222433, 222087,
223734223830 28149
23. SUMEDANG KC Jl. Prabu Geusan Ulun No. 10, Sumedang 0261201556, 201223, 201263,
207401201884 28713
1. UNPAD Jatinangor KCP Jl. Raya Jatinangor No. 148, Ds. Cikeruh, Jatinangor 022 7791202 7791202
24. TASIKMALAYA KC Jl. R. Ikik Wiradikarta No. 7, Tasikmalaya, 0265 330619, 334717, 334446 28123
SEMARANG KW Jl. Teuku Umar No. 24, Semarang 0248440728, 8440729, 8440730,
84418146
8447315,
8318463
1. BATANG KC Jl. Diponegoro No. 1, Batang 0285 391047, 391516, 391532 392214 22521
2. BLORA KC Jl. Pemuda No. 2, Blora 0296531210, 531944, 533186,
53161431017 22385
3. BREBES KC Jl. Dr. Wachidin No. 1, Brebes 0283 671760/ 1, 672661 672664 52212
1. Jatibarang KCP Jl. Raya Jatibarang, Ds. Jatibarang Lor, Kab. Brebes 0283 6183226 6183226
4. BUMIAYU KC Jl. Raya Utara No. 77, Bumiayu 0289 432250/1/2, 4324425 432025 22855
5. CEPU KC Jl. P. Diponegoro III/2, Cepu 0296 421363, 421160/61, 421505 423410 22188
6. DEMAK KC Jl. Sultan Patah No. 676, Demak 0291 685900/1/3, 86393 685105 22365
7. JEPARA KCGd. PKPRI (PKPN)
Jl. Pemuda No. 101, Jepara0291 591026, 591404, 593969 591505 22367
1. Bangsri KCP Jl. Raya Bangsri, Jepara 0291 772092 772092
8. KENDAL KC Jl. Raya No. 222, Kendal 0294 381100, 381764/65/66, 384124 381767 22474
1. Weleri KCP Jl. Utama Tengah No. 194, Weleri, Kendal 0294 642588 642588
9. KUDUS KC Jl. Jend Sudirman No. 66, Kudus 0291 432060 432086 431868 436268 22453
10. PATI KC Jl. P. Sudirman No. 154, Pati 0295 381949, 381851 381676 22114,
22680
1. Juwana KCPJl. P. Sudirman,
Pertokoan Plaza Juwana, No. 30295 474466 474466
11. PEKALONGAN KC Jl. W.R. Supratman No. 6, Pekalongan 0285 421041, 434902 424318 22473
1. Wiradesa KCP Jl. Raya Wiradesa No.112, Wiradesa, Pekalongan 0285 4417254, 4417443 4417252
2. Kedung Wuni KCPJl. Raya Kedung Wuni No. 125-126,
Kedungwuni, Pekalongan0285 785900 785900
12. PEMALANG KC Jl. Jend. Sudirman Timur No. 36, Pemalang 0284 321016, 321646, 321428 321397 22556
13. PURWODADI KC Jl. K.S. Tubun No. 1, Purwodadi 0292424913/14, 424112, 421848,
424912421241 22302
14. REMBANG KC Jl. P. Diponegoro No. 103, Rembang 0295 691133, 691622, 692373 691853 22447
1. Lasem KCP Jl. Raya Lasem No. 124, Lasem 0295 531234 531234
15. SALATIGA KC Jl. P. Diponegoro No. 9, Salatiga 0298326890, 326356, 327230,
323876323640 22553
Annual Report 2008 Bank Rakyat Indonesia
135.
Operating Unit (OU) Type of OU Address Area Code Telephone Facimile Telex
16. SEMARANG
PANDANARAN
KC Jl. Pandanaran No. 75, Semarang024
8412418, 8411918, 8414349 8413367,
8450459
22114,
22680
1. Karangayu KCP Jl. Jend. Sudirman No. 174, Semarang 024 7604065 7604065
2. Kranggan KCP Jl. Gang Pinggir No. 36 A, Semarang 024 3563272 3584830
3. Mojopahit KCP Jl. Mojopahit No. 382, Semarang 024 6708939 6708939
4. Tlogosari KCP Jl. Tlogosari Raya 1 No. 68 Blok B 1, Semarang 024 76744280 7644215
17.SEMARANG
PATTIMURAKC Jl. Pattimura No. 2-4, Semarang 024 3585441, 3545017 3546115
22113,
22242,
22861
1. A. Yani KCP Jl. Jend. A. Yani No. 169, Semarang 024 8416790 8416790
2. Metro Plaza KCPPertokoan Metro Plaza Blok A.7, Jl. MT. Haryono 970,
Semarang024 8313571 8417853
3. Piere Tendean KCP Jl. Kapten Piere Tendean No. 25, Semarang 024 3510876 3510876
4. Watugong KCP Komp. Kodam IV Diponegoro, Watugong, Semarang 024 7460460 7460460
18. TEGAL KC Jl. Pancasila No. 42, Tegal 0283 358912/3/4/5 356302 22462
1. Adiwerna KCPJl. Raya Banjaran, Ds. Banjaran,
Kec. Adiwerna, Tegal0283 444872, 445728 444872
2. Slawi KCP Jl. Dr. Sutomo No. 3, Ds. Slawi Wetan 0283 492494 492494
19. UNGARAN KC Jl. Jend. Gatot Subroto No. 75, Ungaran 0246924475, 6921075, 6921675,
6923303921104 22562
1. Ambarawa KCP Jl. Sudirman No. 150, Ambarawa 0298 591150, 592715 592715
YOGYAKARTA KW Jl. Cik Ditiro No. 3, Yogyakarta 0274 561403, 520270 514166
1. AJIBARANG KC Jl. Raya Ajibarang Wetan No.1, Ajibarang 0281 571543/4, 5725448/9 571544
2. BANJARNEGARA KC Jl. Pemuda No. 70, Banjarnegara 0282 591024 591585, 591104 591639 25309
3. BANTUL KC Jl. Jend. Sudirman No. 3, Bantul 0274 367312, 367433, 367044 367122 25441
4. BOYOLALI KC Jl. Pandanaran No. 154, Boyolali 0276321067, 325058, 321120,
32141321414 25386
5. CILACAP KC Jl. Jend. A. Yani No. 29, Cilacap 0282 533422, 533015, 534068 533215 25422
1. Kroya KCP Jl. Jend. Sudirman, No. 60, Kroya. 0282 492100, 492101 494214
6. GOMBONG KC Jl. Yos Sudarso No. 208, Gombong 0287 471162/ 3, 471087 471539 25493
7. KARANG ANYAR KC Jl. Lawu Barat No. 391, Karanganyar 0271 495383, 495388 494275 25301
1. Palur KCP Jl. Raya Solo, Sragen 0271 827571, 825565 494275
8. KEBUMEN KC Jl. Pahlawan No. 114, Kebumen 31247 0287 381005, 381247 381555 25391
9. KLATEN KC Jl. Pemuda Selatan No. 67, Klaten 0272321859, 322330, 321824,
325655, 322738321425 25213
1. Pedan KCP Jl. Raya Pedan No. 4, Kec. Pedan, Kab. Klaten 0272 897986, 897467 897467
10. KUTOARJO KC Jl. Mayjend. S. Parman, No. 107, Kutoarjo 0275642177, 641369, 641035,
641138, 641646641044 25355
11. MAGELANG KC Jl. Ikhlas No. 1, Magelang 0293 365161, 364060, 365277 365269 22153
1. Shopping Centre KCPKomp. Pertokoan Shopping Center Ruko No. 1-2,
Magelang0293 361035, 310158 361035
12. MAJENANG KC Jl. Diponegoro No. 318, Majenang 0280 621069, 621360, 621145 621496 25637
1. Sidareja KCP Jl. Jend. Sudirman No. 171, Sidareja 0280 524162 523316
13. MUNTILAN KC Jl. Pemuda No. 6, Muntilan 0293 587096, 587380, 586097 587444 22853
14. PARAKAN KC Jl. Kosasih No. 15 Parakan 0293596086, 596011, 597345,
596455596086 22759
15. PURBALINGGA KC Jl. Jend. Sudirman No. 214 A, Purbalingga 0281891577, 891054, 891395,
895341, 891892891892 25307
16. PURWOKERTO KC Jl. Jend. Sudirman No. 57, Purwokerto 0281 640985, 631813/14/15 631819 25330
24. WATES KC Jl. Kol. Sugiyono No. 2, Wates 0274 773146, 773340, 774333 773671 25219
25. WONOGIRI KC Jl. Kabupaten No. 1, Wonogiri 0273 321044, 323473, 321287 321496 25270
26. WONOSARI KC Jl. Pramuka No. 6, Pandansari, Wonosari, Gunung Kidul 0274391703, 391472, 391119,
394193392045 25236
27. WONOSOBO KC Jl. Jend. A. Yani No. 1, Wonosobo 0286321190, 321025, 321738/9,
321702322258 22394
Annual Report 2008 Bank Rakyat Indonesia
136.
Operating Unit (OU) Type of OU Address Area Code Telephone Facimile Telex
28.YOGYA
CIK DITIROKC Jl. Cik Ditiro No. 3, Yogyakarta 0274
520261/2, 520581, 561935,
563439 512110 25121,
25618
1. Bethesda KCP Jl. Jend. Sudirman No. 70, Yogyakarta 0274 520136
2. Seturan Plaza KCP Jl. Raya Seturan, Caturnunggal, Depok 0274 4332615, 4332688 4332688
29. YOGYA KATAMSO KC Jl. Brigjend. Katamso No. 13-15, Yogyakarta 0274 372724/6/8/9 387949 25185,
25365
JAKARTA 2 KWGedung Mulia Lt. 2,
Jl. Gatot Subroto, Kav. 9-11021 52920581, 52920585
52920586,
52920587
1. BEKASI KC Jl. Ir. Juanda No. 93, Bekasi 021 8802820, 88349008 8800971 46973
1. Cikarang KCP Cikarang Plaza Blok B No. 10, Cikarang, Bekasi 021 89110462 89110463
2. Cikarang Selatan KCPJl. Raya Cikarang-Cibarusah No. 39 B, Ds. Sukaresmi,
Kec. Cikarang Selatan, Kab. Bekasi021 89677087/89 89677087
3. Pondok Gede KCPKomp. Pondok Gede Plaza Blok A 20, Pondok Gede,
Bekasi021 849933566 8471488
4. RS ANANDA KCP Jl. Sultan Agung No. 173, Kel. Medan Satria, Kodya Bekasi 021 88861041 88855108
5.Sentral Niaga
KalimalangKCP
Komp. Ruko Sentral Kalimalang
Blok A 2, No. 3, Jl. A.Yani, Bekasi021 88850371 88850370
6. Tambun KCPRuko Kalimas Blok B 1, Jl. Chairil Anwar, Kel. Margahayu,
Kec. Bekasi Timur, Bekasi021 88342908 88359638
2. BOGOR KC Jl. Dewi Sartika No. 6, Bogor 0251 313137 320043 48424,
67049
1. Cibinong Mayor
OkingKCP
Perum. Taman Rezeki, Jl. Mayor Oking Jayaatmaja, Kel.
Ciriung, Kec. Cibinong021 87914147 87914185
2. IPB Dermaga KCP Kampus Institut Pertanian Bogor, Dermaga, Bogor 0251 391393 423046
3. Parung KCP Jl. Raya Parung, Desa Parung, Kec. Parung, Kab. Bogor 0251 8610154 8610194
4. Suryakencana KCP Jl. Suryakencana No. 312, Sukasari, Bogor 0251 321851/8 321856
5. Tajur KCP Jl. Raya Tajur No. 49, Bogor 0251 337578 338822
3. BOGOR PADJAJARAN KCJl. Raya Padjajaran No. 95 A, RT.02/RW.06, Kel.
Padjajaran, Kec. Bogor Utara, Bogor0251 334568 334568
1. Batu Tulis KCP Jl. Raya Pahlawan No. 80/152, Bandongan, Bogor Selatan 0251 8326685
4.BUMI SERPONG
DAMAIKC
Jl. Pahlawan Seribu, Ruko Golden Boulevard Blok Q 6-7,
BSD Tangerang021 5376571, 53161402/4/5 5376570
1. ITC KCP Ruko ITC BSD No. 57, Jl. Pahlawan Seribu 021 53161564 53161563
2. Gading
SerpongKCP Serpong No. 30, Tangerang 021 54212198 54212198
3. Pamulang KCP Pamulang, Kab. Tangerang, Banten 021 7408079 7499888
4. Serpong KCP Ruko Sentra Niaga III E No. 6, Tangerang 021 53123419 53122978
5.. CIBUBUR KCJl. Trans Yogi - Jl. Alternatif Cibubur, Kranggan Permai Blok
16 No. 19-20, Kel. Jatikarya, Kec. Jatisampurna, Bekasi021 8446653/54 845832
1. Cileungsi KCP Komp. Griya Kenari Mas, Blok B/ II, No. 2-3 021 8230614 8230614
2. Gunung Putri KCP Jl. Raya Wanaherang No. 6 021 8670145 8670145
6. CIKAMPEK KC Jl. Jend. A. Yani No. 16, Cikampek 0264316069, 316085, 312200,
319273316743 44798
7. CIKARANG KCRuko Cikarang Comersial Center, Jl. Raya Cikarang,
Cibarusah KM. 40, Cikarang, Bekasi 17550021 89835728, 8935349, 89835728 8934544
8. CILEGON KC Jl. S.A. Tirtayasa No. 5, Cilegon 0254 391393/2, 391351 802666,
9. CIPUTAT KC Jl. Ir. H. Juanda No. 88, Ciputat, Jaksel 021 7403188, 7427806 7427737
10. DEPOK KC Jl. Margonda Raya No. 21 A, Depok 021 7752341/42 77212720
1. Margonda KCP Jl. Raya Margonda No. 341 B, Kel. Kemirimuka, Kec. Beji,
Depok021 7870338 78884575
11. JKT FATMAWATI KC Jl. RS. Fatmawati No. 37, Jakarta Selatan 021 7694430, 7503980/81 7695239
1. Cinere KCP Jl. Cinere Raya No. 19 B, Cinere 021 7540856, 7540845, 7536209 7540841
2. Duta Mas KCPKomp. Pertokoan Duta Mas Blok B. 2
No. 6, Jl. Raya Fatmawati, Jakarta021 72793825/6 72793815
3. Kranggan KCP
Komp. Ruko III Citra Grand No. 19,
Jl. Raya Alternatif Cibubur,
Kel. Jatikarya, Kec. Jatisampurna Bekasi
021 843000017 84300016
4. RSU Fatmawati KCP Jl. RS. Fatmawati Cilandak, Jakarta Selatan 021 7694430, 7503979/80 7695239
Annual Report 2008 Bank Rakyat Indonesia
137.
Operating Unit (OU) Type of OU Address Area Code Telephone Facimile Telex
12. JKT GT. SUBROTO KC Jl. Gatot Subroto Kav. 52, Jakarta Selatan 0215204431, 5204466, 5204417,
520444, 52044145204433
60553
/54
1.Telkom Gatot
SubrotoKCP
Jl. Jend. Gatot Subroto Kav. 52,
Jakarta Selatan021 52731746/47 5273175
2. Gedung BEJ KCP JSX Building Tower, Jl. Jend. Sudirman Kav. 52-53, Jakarta 021 5152791 5152790
13. JKT KEB. BARU KC Jl. Hasanuddin No. 62, Blok M, Jakarta 021 7201053/4, 7201054/5 7201056 47180
1. Ampera KCPJl. Ampera Raya No. 8, Kel. Pejaten Barat, Kec. Ps.
Minggu, Jakarta Selatan021 71792504 7192410
14. JKT PD. INDAH KC
Jl. Sultan Iskandar Muda/Arteri Pondok Indah Kav. No. 3,
Keb. Lama,
Jakarta Selatan
021 7294070/ 71/ 72/ 73, 7294069, 7294066 47691
1. Bintaro KCPKomp. Ruko Plaza Bintaro Jaya, Sektor 3 No. D 41,
Jakarta021 7375169, 7375857 7375856
2. Cipulir KCPJl. Ciledug Raya No. 15, Cipulir, Kel. Ulujami, Kec.
Kebayoran Lama, Jakarta Selatan021 58904160, 68196654 7206362
3. Cirendeu KCPJl. Cirendeu Raya, Ruko Cirendeu Griya Permai No. 7,
Jakarta021 7493285, 7495529 74710406
4. Permata Hijau KCP
Grand ITC Permata Hijau, Jl. Arteri Permata Hijau, Type
Emerald No. 31, Grogol Utara, Kebayoran Lama, Jakarta
12210
021 53664223 53664234
5. Pondok Indah Mall KCPPd. Indah Mall 2, Lt. Dasar No. G 33 B, Jl. Raya Metro Pd.
Indah, Jakarta Selatan021 75921054/5 75921053
15. JKT PASAR MINGGU KC Jl. Ragunan Raya No. 39, Pasar Minggu 021 78833026, 78839888 7805452 66189
1. Kampus UI KCP Kampus UI Depok Fak. Psikologi 021 70241012, 70300536 70300536
16. JKT WARUNG BUNCIT KCJl. Mampang Prapatan No. 8,
Jakarta Selatan021 7982411, 7983911, 79195844
7982480,
798391166052
1. Cijantung KCP Jl. Raya Bogor KM. 23 No. 1, Pasar Rebo, Jakarta Timur 021 87795861 87795861
2. Cikajang KCPJl. Cikajang No. 3 Blok. Q/ IV, RT. 001/ 05, Keb. Baru,
Jakarta Selatan021 7252125 7392467
17. JOGLO KCJl. Raya Joglo, Ruko Puri Botanical H 7 No. 1-2, Jakarta
Barat021 58907163 58906368
18. KARAWANG KC Jl. Tuparev No. 27, Karawang 0267 402333, 415315 415228, 415138 44740
1. Rengas dengklok KCP
Jl. Blok Kraton RT. 02/ 06, Rengas dengklok, Kec.
Rengasdengklok, Karawang0267 484841/2 484843
19. LABUAN KC Jl. Jend. Sudirman No. 156, Labuan, Pandeglang, Banten 0253 81213/4, 82800, 81761 82666
20. PANCORAN KCJl. Gatot Subroto No. 62, Kel. Menteng Dalam, Kec. Tebet,
Jakarta Selatan021 83785557/8 83785562
21. PANDEGLANG KC Jl. Bhayangkara No. 1, Pandeglang 0253 201047, 201971, 204958 203501 45885
22. PONDOK GEDE KCPlaza Pondok Gede Ruko Blok C No. 23-25, Jl. Raya
Pondok Gede, Bekasi021 84938476/7/8 84948480
1. Galaxy KCPKomp. Ruko Taman Galaxy Indah Blok H No. 1, Kodya
Bekasi021 82404134 82404331
2. Jatibening KCP Jl. Caman Raya No. 17 H, Jatibening, Bekasi 021 84976959 84993668
23. RANGKAS BITUNG KC Jl. Ika Jatmika No. 7, Rangkasbitung 0252 201012, 201683, 204063 204112 45887
24. SERANG KC Jl. P. Diponegoro No. 3, Serang 0254 210025/26 200133 48294
25. TANGERANG KC Jl. Jend. A. Yani No. 4, Tangerang 021 5520789, 5524357, 5515914 5524356 43548
1. Balaraja KCPKomp. Pertokoan Pintu Tol Balaraja Barat, Kamp. Telaga
Sari RT. 05/2, Balaraja, Tangerang 15612021 5952545, 5282558 5952577
2. Bandara S. Hatta KCP Angkasa Pura, Gd. 600 021 55910938 55910938
3. Karawaci KCPRuko, Jl. Imam Bonjol No. 42, Karawaci, Kawasan Lipo
Karawaci, Tangerang021 55791051
55791051
4. Tangerang
Pasar BaruKCP
Ruko M. Toha Blok B No. 34, Jl. Raya M. Toha, Tangerang
(Jl. Raya Mauk Tangerang)021 5518306 55791097
SURABAYA KW Plaza BRI lt.20, Jl. Basuki Rachmad 122-138, Surabaya 031 53242305324033,
5324044
1. BANGKALAN KC Jl. Let. Singosastro No. 1, Bangkalan, Madura 0313095049, 3095520, 3095273,
30990883097123 31533
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138.
Operating Unit (OU) Type of OU Address Area Code Telephone Facimile Telex
2. BANYUWANGI KC Jl. Jend. A. Yani No. 12, Banyuwangi 0333424888, 412700, 421444,
427069424616 31887
1. Genteng KCP Komp. Ruko Pasar Genteng Blok C, Banyuwangi 0333 846351, 847955 636401
2. Rogojampi KCP Jl. Raya Rogojampi No. 123, Rogojampi, Banyuwangi 0333 636400 636401
3. Muncar KCP Kec. Muncar, Kab. Banyuwangi 0333 590208 596101
3. BLITAR KC Jl. Jend. A. Yani No. 2, Blitar 0342801846, 802325, 801234,
801755804174 31698
1. Wlingi KCP Jl. Bromo No. 22, Wlingi, Blitar 0342 5696361/62 5696360
4. BOJONEGORO KC Jl. D.I. Panjaitan No. 6, Bojonegoro 0353 881307, 884958, 882495 884979 31029
5. BONDOWOSO KC Jl. Ki Mangunsarkoro No. 5, Bondowoso 0332 427069, 421780, 425994 421444 31887
6. GRESIK KC Jl. P. Sudirman No. 89, Gresik 031 3990078 3983298 31157,
31011
1. Driyorejo KCP Jl. Raya Driyorejo No. 180, Gresik 031 7508240 7508208
7. H.R. MUHAMMAD KC Jl. H.R. Muhammad No. 90 B, Surabaya 031 73282090 7341860
1. Wiyung KCP Taman Pondok Indah, Blok A5-A6, Surabaya 031 7671134 7671276
8. JEMBER KC Jl. Jend. A. Yani No. 1, Jember 0331483258, 424162, 421808,
486983486484 31050
1. Ambulu KCP Jl. Manggar No. 34, Kec. Ambulu, Kab. Jember 0336 883344 883344
9. JOMBANG KC Jl. K.H. Wahid Hasyim No. 116, Jombang 0321 861041, 862126, 861232/4 862758 31661
1. Mojoagung KCP Jl. Raya Mojoagung No. 236, Jombang 0321 495362 495362
10. KEDIRI KC Jl. K.J.P. Slamet A No. 35-37, Kediri 0354 773307 771322 31984
1. Doho KCP Jl. Brawijaya No. 40, Blok A 1-2, Kediri 0354 696859 696858
2. Pare KCP Jl. Raya No. 76, Pare, Kediri 0354 398535 398534
11. LAMONGAN KC Jl. Basuki Rachmat No. 86, Lamongan 0322312255, 321520, 323317,
321442323222 31647
1. Babat KCP Jl. Raya Babat No. 227, Lamongan 0322 457669, 457000 457669
12. LUMAJANG KC Jl. Alun-Alun Selatan No. 3, Lumajang 0334881287, 886374, 881883,
882338881054 31565
13. MADIUN KC Jl. Pahlawan No. 50, Madiun 0351 454131/2/3 462406 31956
1. Caruban KCP Jl. Panglima Sudirman No. 141, Caruban 0351 384533 384533
14. MAGETAN KC Jl. Jend. A. Yani No. 12, Magetan 0351895309/10/11, 891920/21,
891841892456 31663
15. MALANG KAWI KC Jl. Kawi No. 20-22, Malang 0341 327666, 328208, 362217 328106 31089,
31507
1. Batu KCP Jl. Panglima Sudirman No. 21, Batu 0341 594782, 594779 594779
2. Kepanjen KCP Jl. Ahmad Yani No. 106-107, Kepanjen, Malang 0341 399850/51, 399523 39850
3. Lawang KCP Jl. Raya Thamrin Blok AJ-1 0341 422898/99, 423540 423423
16. MALANG M.DINATA KC Jl. Laks. Martadinata No. 81, Malang 0341 368681/2, 363839, 359445 363831 31748
1. Turen KCP Jl. Panglima Sudirman No. 4, Turen, Malang 0341 827434, 827778 827800
2. UNIBRAW KCP Jl. M.T. Haryono, Malang 0341 575952/53 575901
17. MOJOKERTO KC Jl. Mojopahit No. 378, Mojokerto 0321 322402, 322442, 392978 323642 31949
1. Mojosari KCP Jl. Masjid No. 64, Mojosari, Mojokerto 0321 594960/61 594961
18. NGANJUK KC Jl. Raya Supriadi No. 3, Nganjuk 0358 321690/2, 325667, 321007 323404 31721
19. NGAWI KC Jl. Jend. A. Yani No. 55, Ngawi 0351 749525, 749529, 749536 748140 31607
20. PACITAN KC Jl. Jend. A. Yani No. 18, Pacitan 0357881020, 881193, 881211,
882590884153 31378
21. PAMEKASAN KC Jl. Jokotole No. 24, Pamekasan 0324322853, 327328, 322693,
321485324064 31617
22. PASURUAN KC Jl. Pahlawan No. 24, Pasuruan 0343 426621/2/3/4 425344 31684
1. Pandaan KCP Jl. Pahlawan Sunaryo No. 8, Pandaan, Pasuruan 0343 631100, 637645 637646
2. Bangil KCP Komp. Plaza Suropati Blok A No. 16, Bangil 0343 741810, 743900 744810
23. PONOROGO KC Jl. Soekarno-Hatta No. 28, Ponorogo 0352 481271, 481939, 485066 484265 31459
Annual Report 2008 Bank Rakyat Indonesia
139.
Operating Unit (OU) Type of OU Address Area Code Telephone Facimile Telex
24. PROBOLINGGO KC Jl. Suroyo No. 30, Probolinggo 0335 424130 421267 31899
1. Kraksaan KCPJl. Raya Panglima Sudirman No. 270, Kraksaan,
Probolinggo0335 843456 843413
25. SAMPANG KC Jl. K.H. Wahid Hasyim No. 83, Sampang 0323 321085, 321477, 323483 322544 31546
26. SIDOARJO KC Jl. Jend. A. Yani No. 35, Sidoarjo 031 8967985 8941065 31669
1. Aloha KCPKomp. Pertokoan Gateway Aloha Blok B 07, Jl. Raya
Waru, Kec. Gedangan, Sidoarjo031 8554627/9 8554627
2. Krian KCP Jl. Raya Imam Bonjol No. 37, Krian, Sidoarjo 031 8983343, 8976144 8976133
3. Pondok
ChandraKCP
Komp. Pertokoan Wadung Asri, Jl. Raya Wadung Asri,
Sidoarjo031 8688174 8688175
4. Sepanjang KCP Komp. Ruko Taman No. 58, Sidoarjo 031 7871776 7871762
27. SITUBONDO KC Jl. Jend. A. Yani No. 123, Situbondo 0338 674111, 671279, 675273 673356 31039
28. SUMENEP KC Jl. Trunojoyo No. 135 A, Sumenep 0328662717, 663282, 664821,
662682662682 31876
29.SURABAYA KUSUMA
BANGSAKC Jl. Kusuma Bangsa No. 122, Surabaya 031 5344495, 5467102 5350320 34214
1. Kampus UNAIR KCP Jl. Darmawangsa Dalam No. 23-B, Surabaya 031 5015776, 5039995 5015776
2. Mulyosari KCPKomp. Ruko Sutorejo Prima Indah No. 78 B, Jl. Raya
Mulyosari, Surabaya031 5965313,5964564 5965313
30. SURABAYA KALIASIN KC Gd. Plasa BRI, Jl. Basuki Rahmat No. 138, Surabaya 0315320736/7, 5320757, 5341448,
5350573, 5345771 5320738
32881,
32882,
32883
1. A. Yani KCP Jl. Jemur Andyani No. 69, Surabaya 031 8477361/2, 8475217 8477361
31.SURABAYA
PAHLAWANKC Jl. Pahlawan No. 39-41, Surabaya 031
5474045, 5475277, 35448025474059 34119
1. Diponegoro KCP Jl. Diponegoro No. 174, Surabaya 031
32. SURABAYA RAJAWALI KC Jl. Rajawali No. 23-27, Surabaya 031 3531219, 3551045, 3540275 3540581 32264,
32136
1.Jembatan Merah
PlazaKCP
Jembatan Merah Plaza II Lt. Dasar Blok B, No. 1-2,
Surabaya031 3520418/9
2. Kedungdoro KCP Jl. Kedungdoro No. 67, Surabaya
3. Pucang KCP Jl. Pucang Anom Timur No. 25 B, Surabaya
4. Rungkut KCPKomp. Pertokoan Rungkut Megah
Blok D No. 7, Jl. Rungkut No. 5, Surabaya031 8709265 8794955
33.SURABAYA
TJ. PERAKKC Jl. Perak Barat No. 357-375, Surabaya 031 3291380/2, 3291385 3295115
36317,
36345
1. Manukan KCP Jl. Manukan Taman Blok 2 H No. 16, Surabaya 031 7411190 7458688
2. Pasar Turi KCP Jl. Semarang No. B 16, Surabaya
34. TRENGGALEK KC Jl. Jend. A. Yani No. 4,
Trenggalek 663160355 791691/2/3, 791390 323652 31637
35. T U B A N KC Jl. Veteran No. 15, Tuban 0356321739, 321095, 323079,
321049791691 31708
36. TULUNGAGUNG KC Jl. P. Diponegoro No. 2 B, Tulungagung 0355 329328, 323076, 323070/75 323072 31969
BANJARMASIN KW Jl. Jend. A. Yani KM 3.5, No. 151, Banjarmasin 0511 252056/57 251649, 252992
1. AMUNTAI KC Jl. Jend. A. Yani No. 1, Amuntai 0527 61062, 62075, 61890, 61493 62727 39297
1. Paringin KCP Jl. Jend. A. Yani No. 26 Paringin Kota 0526 2028123, 2028237 2028237
2. BALIKPAPAN KCJl. Jend. Sudirman No. 37,
Balikpapan, 761120542 736765 732850
37126,
37303
1. Balikpapan Baru KCPJl. M.T. Haryono, Komp. Ruko, Balikpapan baru, Blok B 3,
No. 7, Balikpapan0542 875304, 875199 872817
2. Kebun Sayur KCP Jl. Letjend. Suprapto No. 68, RT. 05, Balikpapan 0542 746883 746884
3. Muara Rapak KCPRuko Taman Citra Blok C. 65
Jl. Soekarno- Hatta, KM. 0.5, Muara Rapak0542 416748 734209
3. BANJARMASIN KCJl. Pangeran Samudra No. 98,
Banjarmasin0511 66848, 57884, 54363 53862, 365924
39118,
39107
1. A. Yani KCP Jl. Jend. A. Yani No. 151, KM. 3.5, Banjarmasin 0511 3271876 3266610
Annual Report 2008 Bank Rakyat Indonesia
140.
Operating Unit (OU) Type of OU Address Area Code Telephone Facimile Telex
2.Bandara
SepingganKCP Jl. UR. Iswahyudi, Bandara Sepinggan, Balikpapan 0542 766866 762907
3. Kayu Tangi KCP Jl. Brigjend. Hasan Basri No. 46 B, RT. 15, Banjarmasin 0511 3302025 3304468
4. BARABAI KC Jl. Pangeran Muh. Noor, No. 19, Barabai 0517 41055, 43083, 42296 42297 39288
5. BATULICIN KC Jl. Kampung Baru No. 50, Batu Licin 0518 70947, 70927 70917 39497
1. Sungai Danau KCP Jl. Propinsi RT. 27, Sungai Danau 0512 61029 61029
6. BONTANG KC Jl. M.T. Haryono No. 9, Bontang 0548 21085 2109138396,
38292
1. PKT Bontang KCP Wisma PT KIE, Bontang 0548 41223 41221
7. BUNTOK KC Jl. Panglima Batur No. 20, Buntok, 0525 22309, 21093, 21019 21295 39295
8. KANDANGAN KC Jl. Panglima Batur No. 16, Kandangan 051721611/12, 21335, 21700,
21918/922575 39289
9. KOTA BARU KC Jl. P. Kesuma Negara No. 12, Kota Baru, Pulau Laut 0518 22207, 22021, 21073 21212 39398
10. KUALA KAPUAS KC Jl. Jend. A.Yani No. 41, Kuala Kapuas 0513 21031/2, 21532 21903 39118
39221
11. MARABAHAN KC Jl. Lima Desember No. 63, Marabahan 05114799010, 4799030, 4799661,
47990104799001 39317
12. MARTAPURA KC Jl. Jend. A. Yani No. 5, Martapura 0511 721870, 721072 721292 39397
13. MUARA TEWEH KCJl. Tumenggung Surapati No. 93,
Muara Teweh0519 21119, 21614 22701 39296
14. PALANGKARAYA KC Jl. Jend. A. Yani No. 85, Palangkaraya 0536 22638, 21507, 22392, 22901 21593 39396
15. PANGKALAN BUN KC Jl. P. Antasari No. 141, Pangkalan Bun 0532 21138, 21015, 21766, 21767 23223 39357
16. PLEIHARI KC Jl. Pancasila No. 2 A, Pleihari 0512 21058, 21028, 21194 210903 39299
17. RANTAU KC Jl. Brigjend. H. Basri No. 2, Rantau 0517 31015, 31150, 31735 31975 39298
18. SAMARINDA KC Jl. Gajah Mada No. 1, Samarinda 0541 742562, 741651, 201317/18 74259238246,
38247
1. Lembuswana KCP Komp. Pertokoan Mall Lembuswana Blok C No. 9,
Samarinda0541 206603, 744781 744781
2. Loa Janan KCPJl. Cipto Mangun Kusumo No. 2,
Loa Janan Ilir, Samarinda0541 261138, 7030810 261138
3. Melak KCP Jl. Piere Tendean RT. II, No. 61 A, Melak, Kab. Kutai Barat 0545 41424 41703
19. SAMPIT KC Jl. M.T. Haryono No. 46, Sampit 0531 21080, 21274, 25306 22764 39384
20. SANGATTA KC Town Centre, Jl. Dr. Sutomo, Sangatta Baru 0549 22225, 5508463, 21655 21155
21. TANAH GROGOT KC Jl. Jend. Sudirman No. 4, Tanah Grogot 0543 21157, 21666 22646 37227
1. Penajam KCPRT. 10/ RW. 14, Kel. Petong Kec. Penajam, Kab. Penajam,
Paser Utara0543 5238923
22. TANJUNG KC Jl. Putri Zaleha No. 2, RT. 03, Tanjung Tabalong 0526 2021189 2021915 39287
23. TANJUNG REDEP KC Jl. S.A. Maulana, No. 1050, Tj. Redep, Kab. Berau, 77312 0554 21043 21759 38334
24. TANJUNG SELOR KC Jl. Teratai No. 4, Tanjung Selor 0552 21300, 21123, 21173 21079 38355
25. TARAKAN KC Jl. Yos Sudarso RT. 14/5, No. 86 Tarakan 0551 21143/4 24209731337,
731310
1. Nunukan KCP Jl. Jend. A. Yani RT. 1 No. 08, Nunukan 0556 22922 22965
26. TENGGARONG KCJl. Cut Nyak Dien, No. 14-15,
Tenggarong, 755120541
661953, 662828, 661416,
664146661404 38333
DENPASAR KW Jl. Dr. Kusumaatmaja No. 1, Denpasar 0361 228715, 221979 225791, 234796
1. AMLAPURA KC Jl. Gajah Mada No. 61, Amlapura 0363 22745, 21686, 21019, 21026 21788 35401
2. ATAMBUA KC Jl. I-J Kasimo No. 10, Atambua 0389 22054, 21053, 22053, 21024 21339 35021
3. BAJAWA KC Jl. Soekarno-Hatta No. 2, Bajawa 0384 21362, 21366, 21711, 21024 21675 35963
4. BANGLI KC Jl. Kusumayuda No. 1, Komp. Kota Baru Bangli 0366 91019, 91039, 91398 92098 35547
5. DENPASAR KC Jl. Gajah Mada No. 5-7, Denpasar 0361 228817/8/9 26371535113,
35684
1.Dps. Gatot
SubrotoKCP Jl. Gatot Subroto No. 459 X, Denpasar 0361 430756 430752
2. Hayam Wuruk KCP Jl. Hayam Wuruk No. 123, Denpasar 0361 231859 231859
3. WR. Supratman KCP Jl. WR. Supratman No. 104, Denpasar 0361 464627 464627
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141.
Operating Unit (OU) Type of OU Address Area Code Telephone Facimile Telex
6. DENPASAR RENON KC Jl. Kusumaatmaja No. 1, Denpasar 0361 233011 (hunting) 233021
1. Dps. Diponegoro KCP Jl. Diponegoro No. 220, Denpasar 0361 224580 224580
2. Undiknas KCP Jl. Watu Renggong No. 149, Denpasar 0361 233091 233091
7. DOMPU KC Jl. Akasia No. 62, Dompu 037321147, 21062, 21494, 22130,
2196921669 35344
8. ENDE KC Jl. Soekarno No. 16, Ende 0381 23286, 21030, 21615, 21020 22870 35462
9. GIANYAR KC Jl. Pudak No. 19, Gianyar 0361941097, 943150, 943038,
942273942266 35495
1. Celuk KCP Jl. Raya Celuk No. 22, Gianyar 0361 296930 296930
2. Ubud KCP Jl. Cok Gde Rai No. 50, Ubud Gianyar, Bali 0361 972305 972305
10. KALABAHI KC Jl. Soetoyo No. 6, Kalabahi 0386 21584, 21040, 21461, 21392 21569 35793
11. KEFAMENANU KC Jl. Mayjend. El Tari No. 30, Kefamenanu 038831011, 31020, 31747, 31609,
3174831588 35964
12. KUPANG KC Jl. Sukarno No. 18, Kupang 0380831010, 833788, 833353,
833481, 833463831373
35435,
35370
13. KUTA KC Jl. Raya Tuban Mo. 99 X, Kuta, Denpasar 0361 765573 765573
14. LARANTUKA KC Jl. Piere Tendean No. 3, Larantuka 038321053, 21506, 21030, 21605,
2181921563 35873
1. Lewoleba KCPJl.. Trans Lembata Rayuan Kelapa Timur, Kel. Lewoleba
Utara, Kec. Nubatukan, Kab. Lembata, NTT0383 41641 41641
15. MATARAM KC Jl. Pejanggik No. 16, Mataram 0364 631318, 638379, 633017 633084 35483
16. MAUMERE KC Jl. Don P.C.X. Da Silva No. 1, Maumere 0383 21788, 22210, 22206/7/8/9 21377 35932
17. NEGARA KC Jl. Udayana No. 13, Negara 0365 41076, 42661, 41890 42022 35400
18. PRAYA KC Jl. Gajah Mada No. 128, Praya 0370 654069, 653032 654911
19. RABA BIMA KC Jl. Pintu Gerbang No. 1, Raba Bima 0374 43352, 43122, 42997 43723 35475
20. RUTENG KC Jl. Yos Sudarso No. 25, Ruteng 0385 21603, 21764, 21722 22383 35382
1. Labuan Bajo KCP Jl. Soekarno-Hatta, Labuan Bajo, Manggarai Barat 0385 41995, 41474 41994
21. SELONG KC Jl. Pahlawan No. 92, Selong 0376 21242, 21428, 22680 21419 35343
22. SEMARAPURA KC Jl. Gunung Batukaru No. 7, Semarapura 0366 21042, 21328, 21805, 21841 21329 35473
23. SINGARAJA KC Jl. Ngurah Rai No. 74, Singaraja 0362 23432, 21980 24576 35493
1. Seririt KCP Jl. Sudirman No. 30 A, Seririt, Singaraja 0362 93302 92419
24. S O E KC Jl. M. Hatta No. 34, Soe 0388 21042, 21590, 21346 21144 35931
25. SUMBAWA BESAR KC Jl. Dr. Wahidin No. 13, Sumbawa Besar 0371 21006, 21940 22632 35384
26. TABANAN KC Jl. Gunung Semeru No. 1, Tabanan 0361 819034 814166, 35433
1. Bajera KCPJl. Ngurah Rai, No. 12 X, Bajera,
Kab. Tabanan0361 8533782 810678
2. Kediri KCPJl. Raya Kediri No. 88 E,
Kediri Tabanan0361 810982, 812338 812390
27. WAIKABUBAK KC Jl. Gajah Mada No. 30, Waikabubak 0387 21048, 21068, 21088, 21677 21218 35997
28. WAINGAPU KC Jl. Jend. A. Yani No. 36, Waingapu 0387 61030, 61921 62234 35433
MANADO KW Jl. Sarapung No. 4-6, Manado 0431 863592, 863378, 863778 862779
1. BITUNG KC Jl. Sudirman No. 1, Bitung 0438 21037, 21252, 21647 32177 74248
2. GORONTALO KC Jl. Jend. A. Yani No. 22, Gorontalo 0435824156, 824465, 830201,
826657821046 74255
3. KOTAMUBAGU KC Jl. Jend. A. Yani No. 311, Kotamobagu 0434 21887, 21014 21078, 21901 21224 74347
4. LIMBOTO KC Jl. Jend. Sudirman No. 269, Limboto 0436 881445/7, 880100 881446 74311
1. Marisa KCPJl. Trans Sulawesi, Desa Marisa Utara, Kec. Marisa, Kab.
Pahuato0443 210369 210429
5. LUWUK KC Jl. Jend. A. Yani No. 179, Luwuk 0461 21103/04, 22756, 21153 75133
1.Banggai
KepulauanKCP
Jl. Mandapar, Kel. Lompio, Kec. Banggai, Kab. Banggai
Kepulauan0462 21555 21556
6. MANADO KC Jl. Sarapung No. 4-6, Manado 0431863177, 863377, 852747,
866725867435
74182,
74282
1. Boulevard KCP Komp. Bahu Mall Blok S 2, Jl. W. Mongonsidi, Manado 0431 844700, 843375 841919
2. Martadinata KCP Jl. Martadinata No. 61, Kec. Tikala, Manado 0431 855031, 858784 873794
Annual Report 2008 Bank Rakyat Indonesia
142.
Operating Unit (OU) Type of OU Address Area Code Telephone Facimile Telex
7. PALU KC Jl. Dr. Mohamad Hatta No. 12, Palu 0451 454000/1/2/3, 466000 42714075147,
75142
8. PARIGI KC Jl. Pasar Inpres Tagunu No. 227, Parigi 0450 21631/3/4, 21321 21632
9. POSO KC Jl. Pulau Sumatera No. 7, Poso 0452 21133, 21796, 21135 21134 75101
1. Ampana KCP Jl. Yos Sudarso No. 10, Ampana 0464 21095 21525
10. SOA SIU KC Jl. Pattimura No. 1, Soa Siu 0921 61046, 61600, 61896 61298 73262
11. TAHUNA KC Jl. Dr. Sutomo No. 50, Tahuna 0432 21318/9, 22784/5 22252 74178
12. TERNATE KC Jl. Pahlawan Revolusi No. 234, Ternate 0921 21280/90, 22072, 21926 25585 75157
1. Tobelo KCP Jl. Pelabuhan Kec. Gamsungi, Tobelo, Halmahera Utara 0924 22540 22540
13. TOLI-TOLI KC Jl. Usman Binol No. 144, Toli-Toli 0453 21195, 23195 75198
14. TONDANO KC Jl. Pinaesaan SK No. 17/31, Tondano 0431 321412, 321447/9, 321248 322420 74341
1. Tomohon KCP Jl. Raya Tomohon, Kel. Paslaten I Lingkungan No. 37 0431 355287 355289
MAKASSAR KW Jl. A. Yani No. 8, Makassar 0411 313174, 312931 365535
1. AMBON KC Jl. Diponegoro No. 29, Ambon 0911 356563, 315108, 355277 35517773112,
73277
1. Waihaong KCP Jl. Sultan Babullah No. 18, Waihaong, Ambon 0911 314849, 356563 356565, 355277
2. BANTAENG KC Jl. Kartini No. 17, Bantaeng 0413 21093/5, 22476 21162 71366
3. BARRU KC Jl. Sultan Hasanuddin No. 90, Barru 0427 21080, 21118, 21600 21818 71385
BRI SYARIAH KPGedung BRI II Lt. 5,
Jl. Jend Sudirman Kav 44-46, Jakarta 10210021 5713115, 5709060 5713117
1. JKT MAMPANG KC Jl. Mampang Prapatan No. 17, Blok G-H, Jakarta Selatan 021 7982538, 7982316 7996032
1. Benhil KCP Jl. Bendungan Hilir Raya No. 17 B, Jakarta Pusat 021 5723906/7 5723947
2. Otista KCP Jl. Otista No. 72, Jakarta Timur 021 2801348 2801351
3. Jkt Pondok
BambuKCP
Jl. Pahlawan Revolusi RT. 003/ 004, No. 16, Pondok
Bambu, Jakarta Timur, 13430021 68196657, 68196653 8607095
4. Jkt Cibubur KCP Jl. Raya Lapangan Tembak No. I A, RT. 006/02, Cibubur 021 70263436/7 87713275
5. Jkt Pondok
GedeKCP
Plaza Pondok Gede Blok C, No. 5, Jl. Pondok Gede Raya,
Bekasi021 68196656, 68196652 8469423
2. SERANG KC Jl. Ahmad Yani No. 165, Sumur Pecung, Serang, Banten 0254 202011, 220377 220376
3. BANDUNG KC Jl. Karapitan No. 92, Kel. Cikawao Kodya Bandung 022 4214385, 4207162 4207158
1. Cimahi KCP Jl. Raya Cimahi No. 598, Cimahi 022 6631675 6632341
2. Lembang KCP Jl. Grand Hotel Lembang No. 21, Lembang, Jawa Barat 022 2784902 2784903
4. CIREBON KCJl. Siliwangi No. 181, Kel. Kejaksaan, Kec. Kejaksaan,
Cirebon0231 207311, 231313, 231414 207311
1. Majalengka KCPJl. K.H. Abdul Halim No. 491, Cigasong, Majalengka,
Jawa Barat0233 284445 284446
5. MALANG KC Jl. Kawi No. 37, Kel. Bareng, Kec. Kojen, Malang 0341 347925/26, 365269 347926
1. Pandaan KCP Delta Permai A. 37, Pandaan, Kab. Pasuruan, Jawa Timur 0343 630108 638308
6. SEMARANG KCJl. Majapahit No. 226 B, Kel. Kalicari Kec. Pedurungan,
Semarang Timur024 6721849, 6718660 6718771
1. Kudus KCPRuko Kereta Api Indonesia (KAI)
Jl. Jend. A. Yani Kudus, Jawa Tengah0291 439474 439475
7. SURABAYA KC
Komp. Ruko Rungkut Megah Raya Blok L2-3,
Jl. Raya Kali Krukut No. 3, Kel. Panjang Jiwo, Kec.
Rungkut, Surabaya
031 8054362 532460
1. Sidoarjo KCP Jl. Ahmad Yani No. 35, Sidoarjo 031 8054362 8054361
2. Surabaya
KaliasinKCP Gedung BRI Tower, Jl. Jend. Basuki Rachmat, Surabaya 031 5324633 5324640
3. Gresik KCP Jl. Panglima Sudirman 031 3980980 3980973
8. YOGYAKARTA KCJl. K.H. Ahmad Dahlan No. 89, Kel. Notoprajan, Kec.
Ngampilan, DI Yogyakarta0274 411221 450603
1. Sleman KCP Jl. Bhayangkara No. 18, Sleman, Yogyakarta 0274 867301 867302
9. BANDA ACEH KC
Komp. Pertokoan Pante Priak
Jl. H. Dimurtala No. 6-7, Kec. Kuta Alam, Banda Aceh,
NAD
0651 638304/5, 635355 638306
Annual Report 2008 Bank Rakyat Indonesia
143.
Operating Unit (OU) Type of OU Address Area Code Telephone Facimile Telex
10. PADANG KCJl. Veteran No. 37 D, Kel. Purus Selatan, Kec. Padang
Barat, Padang0751 38813/4 812660
11. BANJARMASIN KCJl. Ahmad Yani KM 4.00 No. 31, Kel. Kebun Bunga, Kec.
Banjarmasin Timur0511 3257991/2 3257995
12. MAKASSAR KCJl. Dr. Ratulangi No. 7-9 Petak No. 3 & 4, Kel. Mangkura,
Kec. Ujung Pandang, Kota Makassar0411 83303, 8111156 8111157
13. CIANJUR KCJl. Taepur Yusuf No. 61, RT. 01/ 02, Kel. Pamoyanan,
Cianjur0263 270097, 263260 271909
14. BOGOR KC Jl. Padjajaran No. 53, Bantar Jati, Kec. Bogor Utara, Bogor 0251 313629 317442
1. Depok KCP Jl. Margonda Raya No. 297 Depok, Jawa Barat 021 77210587 77206807
15. KEDIRI KC Jl. Pahlawan Kusumabangsa No. 2, Desa Ngadirejo, Kediri 0354 682776, 672114 683142
16. SOLO KC Jl. Slamet Riyadi No. 325 Solo, Jawa Tengah 0271 728403 742906
17. MEDAN KC Jl. Gaot Suroto No. 189 DE, Medan 061 8826225 8830545
18. PALEMBANG KC Jl. Jend. Sudirman No. 926 B, Palembang 0711 353666 320321
19. SAMARINDA KC Jl. Abdul Hasan Kav. Samarinda, Kalimantan Timur 0541 744450 202353
20. PEKANBARU KC Jl. Ir. Juanda No. 81-83, Pekanbaru, Riau 076 839672 839674
21. TANJUNG KARANG KC Jl. Kartini No. 156 A, Tanjung Karang, Lampung 0721 265003, 267020 265007
22. MATARAM KC Jl. Pejanggih No. 47 E, Mataram-NTB 0370 639527 649271
23. JKT KEDOYA KCKomp. Graha Arteri Mas No. 2, Arteri, Jl. Panjang No. 68,
Kedoya021 58303563/4/5 58303567
1. Jkt-Palmerah KCP Jl. Palmerah Barat No. 50, RT. 003/04, Jakarta Barat 021 53678860 53671380
2. Jkt-Cipulir KCPJl. Ciledug Raya Komp. Cipulir Center No. B/2, Kebayoran
Lama, Jakarta Selatan021 68196651 7206362
24. TANGERANG KC Jl. Merdeka No. 110 A, Tangerang, Banten 021 5522466 5579422
25. BALIKPAPAN KC Jl. Ahmad Yani No. 1 A, Gunung Sari, Balikpapan, Kal-Tim 0542 425314, 736767 732270
26. PONTIANAK KC Jl. Tanjung Pura No. 206 A, Pontianak, Kal-Bar 0561 762875, 760400 748600
27. JAMBI KC Jl. Sudirman No. 31 A-B, Hok, Jambi 074 22451 22317
Note
KW : Kantor Wilayah/Regional OfficeKCK : Kantor Cabang Khusus/Special Branch OfficeKC : Kantor Cabang/Branch OfficeKCP : Kantor Cabang Pembantu/Sub-Branch Office
JKT : Jakarta
Annual Report 2008 Bank Rakyat Indonesia
144.
Statement of Responsibility for Financial Reporting
This Annual Report and the accompanying financial statements and related information, are the responsibility of the
management of PT Bank Rakyat Indonesia (Persero) Tbk., and have been approved by members of the Board of
Commissioners whose signatures appear below:
Bunasor SanimPresident Commissioner/Independent
Agus PakpahanCommissioner
Agus SuprijantoCommissioner
Saifullah YusufCommissioner
B.S. KusmuljonoIndependent Commissioner
Baridjussalam HadiIndependent Commissioner
AvilianiIndependent Commissioner
Annual Report 2008 Bank Rakyat Indonesia
145.
Sarwono SudartoDirector
Abdul SalamDirector
Sulaiman A. AriantoDirector
A. Toni SoetirtoDirector
Bambang SoepenoDirector
Sudaryanto SudargoDirector
SuprajartoDirector
Lenny SugihatDirector
Asmawi SyamDirector
This Annual Report and the accompanying financial statements and related information, are the responsibility of the
management of PT Bank Rakyat Indonesia (Persero) Tbk., and have been approved by members of the Board of
Directors whose signatures appear below:
Statement of Responsibility for Financial Reporting
Sofyan BasirPresident Director
Annual Report 2008 Bank Rakyat Indonesia
147.
Financial Statements
PT Bank Rakyat Indonesia
(Persero) Tbk and subsidiary
Consolidated Financial Statements
with Independent Auditors’ Report
Year Ended 31 December 2008 and 2007
Purwantono, Sarwoko & SandjajaRegistered Public Accountants No. KEP-122/KM.5/2006 A member firm of Ernst & Young Global Limited
Annual Report 2008 Bank Rakyat Indonesia
151.
Subsidiary Company
No. Name AddressLine of
Businness
Share
Ownership Description
1 PT. Bank Syariah BRI *) Menara Jamsostek South
Tower, 24th Floor
Jl. Gatot Subroto 38
Jakarta 12710
Banking 99.99% Has been operating
since 2008 with total
assets of Rp483.15
billion and revenues of
Rp20.24 billion
Subsidiary Company of BRI (equity holdings of more than 50%)
*) - The Deed of Acquisition of the Shares of BJA by BRI has been signed on 19 December 2007 (Acquisition Deed no. 61)
- Pursuant to Decision Letter of the Governor of Bank Indonesia No.10/67/KEP.GBI/DpG/2008 dated 16 October 2008, as of 17
November 2008, PT. Bank Jasa Artha has changed its line of business to become a Commercial Bank that is engaged in banking
activities on the basis of sharia principles under the name of PT. Bank Syariah BRI
273.
Annual Report 2008 Bank Rakyat Indonesia
152.
Corporate Information
Name of Company PT Bank Rakyat Indonesia (Persero) Tbk.
Establishment 18 December 1968 (Formally, based on Law No. 21 of 1968)
Composition of Shareholders (as of 31 December 2008)
• The Republic of Indonesia, 56.79%
• Management and Employees, 0.71%
• Public Shareholders, 42.50%
Share Listing Bursa Efek Indonesia/Indonesia Stock Exchange on 10 November 2003
Line of Business Banking
Ticker Code BBRI
Public AccountantPurwantono, Sarwoko & Sandjaja (Ernst & Young)Indonesia Stock Exchange BuildingTower 2, 7th FloorJl. Jend. Sudirman Kav. 52–53Jakarta 12190Tel: (62-21) 52895000Fax: (62-21) 52894100
Shares RegistrarPT Datindo Entrycom Jl. Jend. Sudirman Kav. 34-35Jakarta 10220Tel: (62-21)570 9009
Securities DepositoryKSEI (Kustodian Sentral Efek Indonesia)Indonesia Stock Exchange Building,Tower 1, Lt.5Jl. Jend. Sudirman, Kav.52-53Jakarta, 12190Tel: (62-21) 5299 1003Fax: (62-21) 5299 1129
Rating AgenciesPT Pemeringkat Efek Indonesia (Pefindo)Setiabudi Atrium 8th FloorSuite 809 - 810Jl. Rasuna Said Kav. 62Jakarta 12920
Fitch RatingPT Fitch Ratings IndonesiaGedung Plaza DM, 24th FloorSuite 2406Jl. Jend. Sudirman Kav. 25Jakarta 12920 - Indonesia
Fitch Ratings Singapore Pte. Ltd.6 Temasek Boulevard #35-03/04/05 Suntec Tower FourSingapore 038986
Moody’sPT Moody’s IndonesiaMenara Rajawali Lt. 22Mega Kuningan Lot. 5.1Jakarta - Indonesia
Moody’s Singapore Pte. Ltd.50 Raffles Place #23-06Singapore Land TowerSingapore 048623
Corporate SecretaryGedung BRI I Lt. 20Jl. Jend. Sudirman Kav. 44-46Jakarta 10210, IndonesiaTel: (62-21) 575 1966Fax: (62-21) 570 0916email: [email protected]
274.
Annual Report 2008 Bank Rakyat Indonesia
153.
Contact Address for Readers
PT Bank Rakyat Indonesia (Persero) Tbk.
Head Office
Gedung BRI I
Jl. Jend. Sudirman Kav. 44-46
Jakarta 10210, Indonesia
Tel: (62-21) 251 0244, 251 0254, 575 1966
Fax: (62-21) 250 0065, 250 0077, 570 0916
Corporate Secretary
Gedung BRI I Lt. 20
Jl. Jend. Sudirman Kav. 44-46
Jakarta 10210, Indonesia
Tel: (62-21) 575 1966
Fax: (62-21) 570 0916
Website
www.bri.co.id
Contact Address
273.275.
Annual Report 2008 Bank Rakyat Indonesia
154.276.
This Page is Intentionally Left Blank
PT Bank Rakyat Indonesia (Persero) Tbk.
Head Off iceGedung BRI IJ l . Jendera l Sudirman Kav. 44-46Jakarta 10210, IndonesiaPhone: (62-21) 251 0244, 251 0254, 575 1966Facsimi le: (62-21) 250 0065, 250 0077, 570 0916
Corporate SecretaryGedung BRI I 20 th f loorJ l . Jendra l Sudirman Kav. 44-46Jakarta 10210, IndonesiaPhone: (62-21) 575 1966Facsimi le: (62-21) 570 0916
Websitewww.br i .co. id
E-mailhumas@br i .co. id
ANNUAL REPORT 2008