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Enhancing People Quality

Laporan Tahunan 2015 Annual ReportPT. Bank Sinarmas Tbk.

Laporan tahunan ini memuat pernyataan kondisi

keuangan, hasil operasi, proyeksi, rencana,

strategi, kebijakan, serta tujuan Perseroan, yang

digolongkan sebagai pernyataan ke depan dalam

pelaksanaan Perundang-undangan yang berlaku,

kecuali hal-hal yang bersifat historis. Pernyataan-

pernyataan tersebut memiliki prospek risiko,

ketidakpastian, serta dapat mengakibatkan

perkembangan aktual secara material berbeda dari

yang dilaporkan.

Pernyataan-pernyataan prospektif dalam laporan

tahunan ini dibuat berdasarkan berbagai asumsi

mengenai kondisi terkini dan kondisi mendatang

Perseroan serta lingkungan bisnis di mana

Perseroan menjalankan kegiatan usaha. Perseroan

tidak menjamin bahwa dokumen-dokumen yang

telah dipastikan keabsahannya akan membawa

hasil-hasil tertentu sesuai harapan.

Laporan tahunan ini memuat kata “Bank Sinarmas“

dan “Perseroan” yang didefinisikan sebagai

PT. Bank Sinarmas Tbk. yang menjalankan bisnis

dalam bidang perbankan. Adakalanya kata

“Perusahaan” dan “Bank” juga digunakan atas

dasar kemudahan untuk menyebut PT. Bank

Sinarmas Tbk. secara umum.

This annual report contains financial condition,

operation results, projections, plans, strategies,

policy, as well as the Company’s objectives, which

is classified as forward-looking statements in the

implementation of the applicable laws, excluding

historical matters. Such forward-looking statements

are subject to known and unknown risks

(prospective), uncertainties, and other factors that

could cause actual results to differ materially from

expected results.

Prospective statements in this annual report

are prepared based on numerous assumptions

concerning current conditions and future events of

the Company and the business environment where

the Company conducts business. The Company

shall have no obligation to guarantee that all the

valid document presented will bring specific results

as expected.

This annual report contains the word “Company”

and “Bank Sinarmas” hereinafter referred to PT.

Bank Sinarmas Tbk., as the company that runs

business in banking industry. The word “Company”

is at times used to simply refer to PT. Bank Sinarmas

Tbk. in general.

DisclaimerSanggahan Dan BataSan tanggung JawaB

Annual Report 2015 | PT. BANK SINARMAS Tbk. 1

Selamat datang pada laporan tahunan 2015 PT. Bank

Sinarmas Tbk. dengan tema “Enhancing People Quality”.

Tema tersebut dipilih berdasarkan analisis dan kajian yang

mendalam berdasarkan fakta dan perkembangan bisnis

perbankan sepanjang 2015 serta masa depan keberlanjutan

bisnis Bank Sinarmas.

Laporan Tahunan 2015 PT. Bank Sinarmas Tbk. diterbitkan

sesuai dengan Peraturan Otoritas Jasa Keuangan No. 6/

POJK.03/2015 tentang Transparansi dan Publikasi Laporan

Bank dan juga Keputusan Ketua Badan Pengawas Pasar

Modal dan Lembaga Keuangan 431/BL/2012 Peraturan No.

X.K.6 tentang Kewajiban Penyampaian Laporan Tahunan

Bagi Emiten atau Perusahaan Publik.

Penyebutan satuan mata uang “Rupiah”, “Rp” atau

IDR merujuk pada mata uang resmi Republik Indonesia,

sedangkan “Dollar AS” atau USD merujuk pada mata uang

resmi Amerika Serikat. Semua informasi keuangan disajikan

dalam mata uang Rupiah sesuai dengan Standar Akuntasi

Keuangan Indonesia.

Laporan Tahunan Bank Sinarmas 2015 disajikan dalam dua

bahasa yaitu Bahasa Indonesia dan Bahasa Inggris dengan

menggunakan jenis dan ukuran huruf yang mudah dibaca

dan dicetak dengan kualitas yang baik. Laporan Tahunan ini

dapat dilihat dan diunduh di website resmi Bank Sinarmas

yaitu www.banksinarmas.com.

Welcome to 2015 annual report of PT. Bank Sinarmas Tbk.

with the theme “Enhancing People Quality”. This theme

was selected based on in-dept analysis and study on the fact

and development of banking business throughout 2015 and

the future of Bank Sinarmas’ business development.

The Annual Report of PT. Bank Sinarmas Tbk. is published in

accordance with the Financial Services Authority Regulation

No.6/POJK.03/2015 on Transparency and Publication of

Bank’s Report, and Decision of the Head of Capital Market

Supervisory Board and Financial Institutions 431/BL/2012

Regulation No. X.K.6 on the Obligation to Submit Annual

Report for Issuers or Public Companies.

The currency of “Rupiah”, “Rp” or IDR throughout this

report refers to the official currency of the Republic of

Indonesia, while US Dollar refers to the official currency

of the US. All financial information is presented in Rupiah

currency in accordance with the Indonesia Financial

Accounting Standards.

The 2015 Annual Report of Bank Sinarmas is presented

bilingually, both in Indonesian Language and English, using

font type and size that is easily read, and is printed in good

quality. This Annual Report can be read and downloaded

from the official website of Bank Sinarmas, namely www.

banksinarmas.com.

TenTang laporan Tahunan Bank sinarmas 2015aBout 2015 annual RepoRt of Bank SinaRmaS

Laporan Tahunan 2015 | PT. BANK SINARMAS Tbk.2

Kesinambungan Tema Laporan

Tahunan Bank Sinarmas

(2013-2015)

2013

Theme Continuity of Annual Report of Bank Sinarmas (2013-2015)

Tema yang diangkat dalam laporan tahunan Bank

Sinarmas selama 3 tahun terakhir merupakan visualisasi

dari rencana, strategi, dan kinerja Perusahaan selama

tahun buku berjalan. Setiap tema selalu dikaitkan dengan

elemen tradisional Indonesia sebagai wujud kecintaan

kami terhadap Indonesia.

Perusahaan yang besar terbentuk

berdasarkan kinerja maksimal yang

didukung oleh budaya Perusahaan yang

baik. Bank Sinarmas bertekad untuk meraih

pencapaian terbaik dengan melestarikan

tradisi yang baik di Perusahaan dan

senantiasa memanfaatkan potensi dan

peluang yang tumbuh di tengah dinamika

perkembangan bisnis guna meraih

kesuksesan di masa mendatang.

Melalui semangat “Consistency Striving

for Excellence”, kami memvisualisasikan

semangat tersebut dengan memadukan

elemen tradisional Indonesia yang tetap

kami pertahankan dalam setiap tema

laporan tahunan. Tari Kancet Lasan dari

suku Dayak menjadi tanda keagungan.

Tarian ini juga sering disajikan dalam

penyambutan tamu dan acara-acara

lainnya.

A reputable company is a fruit from

perseverance to exert maximum efforts,

coupled with spirit to internalize corporate

culture within the company. We are

determined to reach the best achievements

by continuously maintaining our good

tradition while studying every single

potential and opportunity amid the vibrant

business development to attain success in

the future.

Through a “Consistency Striving for

Excellence” spirit, we strive to give a

dynamic performance to keep being in line

with the economic development. We are

now revealing a business policy reflecting

an underlying quality of the Company’s

performance.

The themes raised in the annual reports of Bank Sinarmas

for the past 3 years are a visualization of plan, strategy,

and performance of the Bank for the year. Each theme is

always connected with Indonesia’s traditional element as

a form of our love to Indonesia.


2014

2015

Perpaduan tiga tari tradisional Indonesia

memiliki makna filosofi mendalam. Dengan

mengadopsi filosofi yang terkandung di

dalamnya, Bank berkembang secara dinamis

sesuai dengan kebutuhan pasar dan nasabah.

Dalam membumikan filosofi atas budaya

dan kesenian bangsa, Bank Sinarmas

mempersembahkan “Developing Through

Transformation” yang menggambarkan visi

dan misi perusahaan serta cita-cita Bank

untuk menjadi “Payment & Transaction

Bank” dengan melakukan transformasi di

bidang SDM dan TI Bank.

Selama lebih dari 26 tahun telah kami lalui

dalam industri perbankan. Bank Sinarmas

senantiasa menerapkan semangat culture

masyarakat Indonesia yang menjadi kekuatan

utama dalam memberikan pelayanan terbaik

kepada seluruh nasabah. Pada tahun 2015,

Bank Sinarmas mengambil inisiatif semangat

budaya orang makassar yang disiplin,

ulet, serta kuat dalam memegang prinsip.

Penerapan semangat budaya ini dilakukan

guna mewujudkan visi “Menjadi Bank

terkemuka di Indonesia dengan jaringan

distribusi yang terintegrasi dan layanan yang

prima” serta menjadi Bank modern dengan

tetap memegang teguh nilai-nilai bangsa,

dan budaya Bank.

Bank Sinarmas senantiasa bekerja keras

membangun dan mempertahankan

reputasi dengan mengokohkan komitmen

untuk kepuasan nasabah, salah satunya

melalui peningkatan sumber daya manusia.

Kesetiaan terhadap profesi di bidang ini,

kami buktikan dengan menghasilkan dan

memberikan pelayanan berkualitas terbaik

bagi nasabah. Kini saatnya Bank Sinarmas

memantapkan langkah dan menyongsong

tantangan yang membentang dengan penuh

percaya diri.

The combination of Indonesia’s three

traditional dances bears an insightful

philosophy. By adopting the philosophy

contained within, the Bank grows

dynamically to meet the need of the

customers and market.

In promoting the philosophy of the nation’s

cultural and art values, Bank Sinarmas

presents the theme of “Developing through

Transformation” which depicts the vision

and mission of the company and the Bank’s

goal to become the “Payment & Transaction

Bank” by performing transformation in HR

and IT fields.

We have been engaged in the banking

industry for more than 26 years. Bank

Sinarmas continues to implement the spirit

of Indonesian culture that becomes the main

strength in providing the best service to all

customers. In 2015, Bank Sinarmas took the

initiative of cultural spirit of Makassar people

who are disciplined, determined and strong

in holding the principles. The implementaiton

of this spirit culture is conducted to realize

the vision of “Becoming the leading Bank

in Indonesia with an integrated distribution

network and prime services” as well as

modern Bank that continues to uphold the

nations’ value and the Bank’s culture.

Bank Sinarmas continues to work hard in

building and maintaining the reputation by

strengthening the commitment to customer

satisfaction, one of which is through the

improvement of human capital. We prove the

loyalty to the profession in this field is proven

by producing and giving hte best quality

service to our customers. It is time for Bank

Sinarmas to strengthen the step and embrace

the challenges ahead with confidence.

Daftar IsiTable of Contents

KILAS KINERJA 2015FLASHBACK PERFORMANCE OF 2015

PROFIL PERUSAHAANCOMPANy PROFILE

LAPORAN MANAJEMENMANAgEMENT REPORT

12 Ikhtisar Keuangan

Financial Highlights

14 Ikhtisar Saham

Share Highlights

15 grafik Informasi Saham

Share Information graphs

46 Identitas Perusahaan

Corporate Identity

48 Sekilas Bank Sinarmas

Bank Sinarmas in Brief

50 Visi dan Misi

Vision and Mission

51 Etos Kerja

Work Ethos

54 Bidang Usaha

Business Lines

68 Struktur Organisasi Bank Sinarmas

Organization Structure of Bank

Sinarmas

70 Profil Dewan Komisaris

Board of Commissioners Profile

16 Informasi Mengenai Obligasi,

Sukuk, atau Obligasi Konversi

Information on Bonds, Sukuk, or

Convertion Bonds

16 Peristiwa Penting 2015

2015 Event Highlights

18 Penghargaan dan Sertifikasi

Awards and Certifications

73 Profil Direksi

Board of Directors Profile

81 Manajemen Senior

Senior Management

82 Struktur grup Perusahaan

Company group Structure

84 Komposisi Pemegang Saham

Share Composition

85 Informasi Pemegang Saham Utama

dan Pengendali

Information of Major and Controlling

Shareholders

86 Kronologi Pencatatan Saham

Sharelisting Chronology

1 Tentang Laporan Tahunan Bank Sinarmas 2015

About The 2014 Annual Report of Bank Sinarmas

2 Kesinambungan Tema Laporan Tahunan Bank

Sinarmas (2013-2014)

Theme Continuity of Annual Reports of Bank

Sinarmas (2013-2015)

7 Penyajian Informasi dalam Laporan Tahunan Bank

Sinarmas 2015

Information on The Presentation of 2015 Annual

Report of Bank Sinarmas

8 Jejak Langkah

Milestones

22 Laporan Dewan Komisaris

Board of Commissioners Report

30 Laporan Direksi

Board of Directors Report

87 Kronologi Pencatatan Efek Lainnya

Other Securities Listing Chronology

87 Informasi Anak Perusahaan dan

Perusahaan Asosiasi

Information on Subsidiaries and

Associates

88 Lembaga Profesi Penunjang Pasar

Modal

Capital Market Supporting Institutions

89 Jaringan, Peta Operasional, dan

Alamat Kantor

Network, Operational Map, and Office

Addresses

ANALISIS DAN PEMBAHASAN MANAJEMENMANAgEMENT DISCUSSION AND ANALySIS

119 Tinjauan Umum Ekonomi global

global Economic Overview

120 Tinjauan Umum Ekonomi Indonesia

Indonesia’s Economic Overview

122 Tinjauan Industri Perbankan

Banking Industry Overview

124 Outlook 2016

Outlook 2016

127 Tinjauan Operasional Per Segmen

Usaha

Operational Overview Per Business

Segment

140 Analisis dan Pembahasan Kinerja

Keuangan

Financial Performance Discussion and

Analysis

TINJAUAN UNIT-UNIT BISNISOVERVIEW OF BUSINESS UNITS

191 Sumber Daya Manusia

Human Resources

205 Teknologi Informasi

Information Technology

210 Unit Usaha Syariah

Sharia Business Unit

210 Profil Unit Usaha Syariah PT.

Bank Sinarmas Tbk.

Profile of Sharia Business Units

PT. Bank Sinarmas Tbk.

210 Visi, Misi dan Nilai Sharia

Vision, Mission and Sharia Value

211 Jejak Langkah

Milestone

214 Dewan Pengawas Syariah (DPS)

Sharia Supervisory Board

161 Target dan Realisasi 2015 serta

Proyeksi Keuangan 2016

Target and Realization in 2015 and

Financial Projection in 2016

161 Target 2016

2016 Target

162 Kemampuan Membayar Utang dan

Tingkat Kolektibilitas Piutang

Solvency and Collectability Rate

162 Komitmen dan Kontijensi

Commitment and Contingency

163 Struktur Modal Dan Kebijakan

Manajemen Atas Struktur Modal

Capital Structure and Management

Policy on Capital Structure

165 Kepemilikan Saham Karyawan

Employee Share Ownership

166 Ikatan yang Material untuk Investasi

Barang Modal

Material Commitment for Capital

goods Investment

166 Realisasi Barang Modal

Capital goods Realization

215 Tugas dan Tanggung Jawab

Dewan Pengawas Syariah

Duties and Responsibilities of


215 Penyelenggaraan Rapat Dewan

Pengawas Syariah


Meetings

217 Aspek Pengungkapan/

Transparansi Mengenai DPS

Disclosure/Transparency Aspect

of Sharia Supervisory Board

217 Direktur Unit Usaha Syariah

Sharia Business Unit Director

223 Komite Di Bawah Direksi UUS

Committees Under Board of

Director

166 Informasi dan Fakta Material yang

Terjadi Setelah Tanggal Laporan

Akuntan

Material Information and Fact

Subsequent to Balance Sheet Date

166 Kontribusi Kepada Negara

Contribution to the Country

167 Informasi Material Mengenai Investasi,

Ekspansi, Divestasi, Restrukturisasi

Utang/Modal

Material Information On Investments,

Expansion, Divestments, Capital/Debt

Restructuring

167 Informasi Transaksi Material yang

Mengandung Benturan Kepentingan

dan Transaksi dengan Pihak Afiliasi

Information on Material Transaction

Containing Conflict of Interest and

Transaction with Affiliated Parties

167 Kebijakan Suku Bunga Bank Sinarmas

Bank Sinarmas Interest Rate Policy

168 Aspek Pemasaran

Marketing Aspects

225 Tinjauan Operasi Per Segmen

Usaha

Operational Review Per Business

Segment

234 Kinerja Keuangan

Financial Performance

237 Tata Kelola Perusahaan

good Corporate governance

248 Tanggung Jawab Sosial

Perusahaan

Corporate Social Responsibility

249 Manajemen Risiko

Risk Management

170 Kebijakan Dividen

Dividend Policy

171 Realisasi Dana Hasil Penawaran Umum

Use of Proceeds from Public Offering

171 Perubahan Peraturan Perundang-

undangan yang Berpengaruh

Changes in the Regulations with

Significant Impact

177 Perubahan Kebijakan Akuntansi

Change In Accounting Policies

180 Prospek Usaha

Business Outlook

181 Business Continuity Management

Business Continuity Management

183 Informasi Kelangsungan Usaha

Information on Business Continuity

184 Strategi yang Telah Ditempuh pada

2015 dan Strategi Ke Depan

Strategies That Have Been Taken in

2015 and Future Strategies

TATA KELOLA PERUSAHAANgOOD CORPORATE gOVERNANCE

325 Dasar Penerapan Tata Kelola

Perusahaan

Basis of Corporate governance

Implementation

326 Prinsip-Prinsip Tata Kelola

Corporate governance Principles

329 Implementasi Tata Kelola

Corporate governance Implementation

330 Tahapan Implementasi Tata Kelola

Phase of governance Implementation

331 Penilaian Tata Kelola

Corporate governance Assessment

332 Penghargaan gCg Bank Sinarmas

Bank Sinarmas gCg Award

333 Struktur Dan Mekanisme Tata Kelola

Structure and Mechanism of

Corporate governance

334 Penerapan Tata Kelola dan

Manajemen Risiko Terintegrasi

Implementation of governance and

Integrated Risk Management

335 Rapat Umum Pemegang Saham (RUPS)

general Meeting of Shareholderds

(gMS)

353 Dewan Komisaris

Board of Commissioners

365 Komisaris Independen

Independent Commissioner

367 Direksi

Board of Directors

498 Surat Pernyataan Anggota Dewan Komisaris

dan Direksi Tentang Tanggung Jawab atas

Laporan Tahunan 2015 PT. Bank Sinarmas Tbk.

Statement of Members of Board of

Commissioners and Board of Directors on the

Responsibility for the 2015 Annual Report of

PT. Bank Sinarmas Tbk.

398 Rapat gabungan Dewan Komisaris

Dengan Direksi

Joint Meeting of Board of

Commissioners and Board of Directors

403 Hubungan Kerja Dewan Komisaris dan

Direksi

Work Relations of Board of


404 Assessment Dewan Komisaris dan

Direksi

Assessment of Board of


405 Kebijakan dan Prosedur Penetapan

Remunerasi Dewan Komisaris dan

Direksi

Policies and Procedures to Determine

Remuneration for Board of


407 Kebijakan Keberagaman Dewan

Komisaris dan Direksi

Diversity Policy of Board of


408 Komite-Komite Di Bawah Dewan

Komisaris

Committees Under The Board of

Commissioners

409 Komite Audit

Audit Committee

416 Komite Pemantau Risiko

Risk Monitoring Committee

424 Komite Remunerasi dan Nominasi

Remuneraion and Nomination

Committee

432 Komite Tata Kelola Terintegrasi

Integrated good Corporate

governance Committee

439 Komite-Komite Di Bawah Direksi

Committees Under Board of Directors

438 Asset & Liability Management

Committee

Asset & Liability Management

Committee

440 Komite Kredit Korporasi

Corporate Credit Committee

440 Komite Information Technology

Information Technology Committee

442 Komite Manajemen Risiko

Risk Management Committee

443 Komite Human Capital Management

Human Capital Management

Committee

444 Satuan Kerja Audit Internal (SKAI)

Internal Audit Unit

450 Satuan Kerja Manajemen Risiko

(SKMR)

Risk Management Work Unit

452 Satuan Kerja Kepatuhan (SKK)

Compliance Work Unit

463 Sekretaris Perusahaan

Corporate Secretary

468 Akuntan Publik

Public Accountant

469 Sistem Pengendalian Internal

Internal Control System

471 Perkara Penting yang Dihadapi Bank

Sinarmas

Legal Cases Faced by Bank Sinarmas

472 Unit Legal

Legal Unit

473 Buy Back Shares dan Buy Back Obligasi

Bank

Shares Buy Back and Bonds Buy Back

474 Kode Etik dan Budaya Perusahaan

Code Of Conduct And Corporate

Culture

479 Pakta Integritas

Integrity Pact

479 Kepatuhan Terhadap Pajak

Tax Compliance

479 Kebijakan Anti Korupsi

Anti-Corruption Policy

480 Praktik Bad Corporate governance

Bad Corporate governance Practice

480 Strategi Anti Fraud, Sistem

Pemantauan Fraud, dan Fraud Respon

Plan

Anti Fraud Strategy, Fraud Monitoring

System and Fraud Response Plan

483 Sistem Pelaporan Pelanggaran

Whistleblowing System

487 Akses Informasi dan Data Perusahaan

Information Access and Corporate

Data

TANggUNg JAwAB SOSIAL PERUSAHAANCORPORATE SOCIAL RESPONSIBILITy

LAPORAN KEUANgAN KONSOLIDASICONSOLIDATED FINANCIAL STATEMENT

491 Filosofi, Dasar Kebijakan, dan Sasaran

Strategis Program Tanggung Jawab

Sosial Perusahaan

Philosophy, Policy Basis and

Strategic Target of Corporate Social

Responsibility Programs

493 Tanggung Jawab Sosial Perusahaan

Dalam Bidang Lingkungan Hidup dan

Pelestarian Alam

Corporate Social Responsibility to

Environment and Nature Conservation


Dalam Bidang Ketenagakerjaan,

Kesehatan, Dan Keselamatan Kerja

Corporate Social Responsibility In

Manpower And Occupational Health

And Safety

495 Tanggung Jawab Pengembangan

Sosial dan Kemasyarakatan

Responsibility in Social and Community

Development


Dalam Bidang Tanggung Jawab

Terhadap Nasabah

Corporate Social Responsibility to the

Customers


Penyajian Informasi dalam Laporan

Tahunan Bank Sinarmas 2015

Presentation of Information for 2015 Annual Report of Bank Sinarmas

Penyusunan Laporan Tahunan Bank Sinarmas merujuk pada

ketentuan-ketentuan yang berlaku mengenai penyajian

keterbukaan informasi yang harus disampaikan dalam Laporan

Tahunan yang terdiri dari beberapa bab, sebagai berikut:

Menyajikan berbagai informasi umum

mengenai Bank Sinarmas, yang meliputi

sejarah pendirian Bank Sinarmas,

Visi dan Misi, Pemegang Saham

dan Komposisi Kepemilikan Saham,

berbagai penghargaan yang diterima

oleh Bank Sinarmas, hingga Peta

Operasional. Selain informasi umum,

terdapat laporan Dewan Komisaris dan

Direksi.

Menyajikan informasi mengenai

penerapan tata kelola perusahaan

yang diimplementasikan Bank

Sinarmas secara lengkap dan

menyeluruh sesuai dengan

Pedoman Umum gCg oleh KNKg. Menyajikan deskripsi analisis atas kinerja

Bank Sinarmas yang meliputi tinjauan

industri perbankan, tinjauan bisnis, tinjauan

operasional, tinjauan keuangan, termasuk

aspek pemasaran yang terdiri dari strategi

pemasaran dan pangsa pasar.

Provide various general information

regarding Bank Sinarmas,

encompassing the history of Bank

Sinarmas’ establishment, Vision and

Mission, Shareholders and Share

Ownership Composition, awards

received by the Bank, as well as the

Operational Map. In addition to

the general information, there will

also be Reports from the Board of

Commissioners and Board of Directors.

Provide detailed and

comprehensive information on

the implementation of corporate

governance by Bank Sinarmas in

accordance with Code of gCg

issued by KNKg. Provide analysis of performance of Bank

Sinarmas which encompasses

banking industry overview, business overview,

operational overview, financial overview,

as well as marketing aspects which include

marketing strategy and market share.

PROFIL PERUSAHAAN

COMPANy PROFILE

ANALISIS DAN PEMBAHASAN

MANAJEMEN ATAS KINERJA

BANK SINARMAS

MANAgEMENT DISCUSSION AND

ANALySIS ON THE PERFORMANCE

OF BANK SINARMAS

TATA KELOLA PERUSAHAAN

CORPORATE gOVERNANCE

Bank Sinarmas Annual Report is drawn up according to the

prevailing regulations on the presentation of information that

must be disclosed in the Annual Report, which consists of

several chapters, namely:

#1#2 #3


Jejak Langkah

Milestones

1989 1993 1994

2005

1995 1996

1998

The Company was first established under the name of Bank Shinta Indonesia.

The Company was appointed as a Tax Collection Bank by the Minister of Finance.

The Company established a branch office in Surabaya.

The Company obtained additional fund to increase its paid-in capital to Rp50 billion.

The Company obtained Foreign Exchange Bank Status.

The Company established the first branch office inBandung.

Perusahaan pertama kali didirikan dengan nama Bank Shinta Indonesia.

Menerima status sebagai Bank Persepsi (bank pembayaran pajak) dari Menteri Keuangan.

• PTSinarMasMultiarthaTbk dan PT Shinta Utama menjadi pemegang saham mayoritas dengan tujuan membawa Perusahaan menjadi salah satu bank terkemuka dan terpercaya.

• PergantianlogoBankSinarmas.

• PT.SinarmasMultiarthaTbk and PT. Shinta Utama became major sharehoålders, bringing with them their goals in making the Bank into one of the best professional banks in the country.

• TheBank’slogowaschanged.

Perusahaan mendirikan kantor cabang di Surabaya.

Mendapatkan penambahan Modal Disetor menjadi Rp50 miliar.

Menjadi Bank Umum Devisa.

Perusahaan mendirikan kantor cabang di Bandung.

2006

• PerubahanNamadariPTBankShintaIndonesia menjadi PT. Bank Sinarmas.

• Pendirian10(sepuluh)kantorbaruyaitu Medan, Jambi, Pekanbaru, yogyakarta, Semarang, Cirebon, Makassar, Manado, Bumi Serpong Damai Jakarta, dan Denpasar.

• ThenamechangedfromPTBankShinta Indonesia to PT Bank Sinarmas.

• TheCompanyestablished10(ten)new branch offices in Medan, Jambi, Pekanbaru, yogyakarta, Semarang, Cirebon, Makassar, Manado, Bumi Serpong Damai Jakarta, and Denpasar

• TheCompanyestablished 40 (forty) new branch offices.

• BankSinarmasobtained an award from InfoBank magazine due to the “Excellent” financial performance of the Bank’s in 2006.

• Pendirian40(empatpuluh) kantor baru.

• BankSinarmasmendapat penghargaan dari majalah Info Bank dengan predikat ”Sangat Bagus” atas kinerja keuangan 2006.

2007

The Company opened 22 (twenty two) new branch offices.

Pembukaan 22 (dua puluh dua) kantor baru.

2008

• TheCompanyopened18(eighteen)newbranchoffices.

• ObtainedlicenseforestablishingShariaBusinessUnit, based on the Decision of the Deputy governor of Bank Indonesia No. 11/13/KEP. Dpg/2009 on the granting of Permit of Sharia Business Unit of PT Bank Sinarmas.

• PT.BankSinarmasTbk.hadbeenapprovedby Bappebti as a Bank for Margin Savings, Compensation Fund, and guarantee Fund services.

• TheCompanyobtainedapprovalfromBapepamtoconduct Trustee Service.

• Pembukaan18(delapanbelas)kantorbaru.• MendapatkanIjinuntukPendirian

Unit Usaha Syariah (UUS), berdasarkan Keputusan Deputi gubernur Bank Indonesia No. 11/13/KEP. Dpg/2009 Tentang Pemberian Izin Usaha Unit Usaha Syariah (UUS) PT Bank Sinarmas.

• PT.BankSinarmasTbk.telahdisahkanolehBappebti sebagai Bank Penyimpan Margin, Dana Kompensasi dan Dana Jaminan.

• PengesahandariBapepamkepadaPT.BankSinarmas Tbk. untuk melakukan kegiatan usaha Wali Amanat.

2009


• TheBankchangedits company’s status by going Public.

• TheCompanyopened 14 (fourteen) new branch offices.

• Perubahanstatusbank menjadi perusahaan go public.

• Pembukaan14(empat belas) kantor baru.

2010

• TheCompanyexercisedSeriesIWarrant; thus, increasing public shares of PT. Bank Sinarmas Tbk. to 40%.

• TotalbranchofficesofPT.BankSinarmas Tbk. in this year were 220 branch offices spread over 1078 cities in Indonesia.

• TheCompanylaunchedthetaglineofWe Always Care.

• PelaksanaanExercise Waran Seri I, sehingga meningkatkan saham publik di PT. Bank Sinarmas Tbk. menjadi 40%.

• JumlahKantorPT.BankSinarmasTbk.sebanyak 220 kantor yang tersebar di 107 kota di Indonesia.

• Peluncurantag line We Always Care.

2011 2012

• TheCompanyexecutedRightIssueI (PUT I); thus, increasing the paid-in capital to Rp1,028 billion.

• TheCompanyincreasedthenumberof its branch offices to 265 offices spread over 120 cities in Indonesia.

• MelakukanPenawaranUmumTerbatas I (PUT I), sehingga menjadikan penambahan modal disetor menjadi Rp1.028 miliar.

• Menambahjumlahkantormenjadi265 yang tersebar 120 kota di Indonesia.

The Company increased the number of its branch offices to 380 offices spread across Indonesia.

Penambahan jumlah jaringan kantor menjadi 380 yang tersebar diseluruh Indonesia.

2013 2014

Aksi korporasi Penerbitan Saham Baru Tanpa Hak Memesan Efek Terlebih Dahulu (non HMETD), sebanyak 896.535,414 saham baru BSIM dengan harga Rp270 per saham dan total mencapai Rp242 miliar.

Through the corporate action of Rights Issue without the issuance of preemptive rights (Non-HMETD), the Company obtained two new shareholders, Asia Value Investments Pte. Ltd and Clark Quay Investment Corporation Pte Ltd. Both investors acquired 444,44 million of BSIM new shares with the price of Rp270 per share, reaching the total amount of Rp242 billion.

2015

• BankSinarmasmenandatanganiperjanjian kerjasama Bank Administrator Rekening Dana Nasabah dan Bank Pembayaran Periode 2015-2019.

• PelaksanaanProgramJangkau,Sinergi,dan guideline atau Jaring 2015.

• BankSinarmassignedagreementwithBank Administrator Rekening Dana Nasabah dan Bank Pembayaran for the Period of 2015-2019.

• ImplementedProgramJangkau,Sinergi, and guideline or Jaringan 2015.


Kilas Kinerja 20152015 Flashback Performance


KILAS KINERJA 2015Flashback PerFormance

oF 2015

PROFIL PERUSAHAAN

comPany ProFile

ANALISIS DAN PEMBAHASAN MANAJEMEN

management Discussion anD analysis

LAPORAN MANAJEMEN

management rePort

Uraian 2015 2014 2013 Description

LAPORAN LABA RUgI / STATEMENTS OF INcOME

Pendapatan Bunga Bersih 1.331.183 987.625 826.360 Net Interest Revenues

Pendapatan di luar Bunga 446.237 251.106 275.230 Non Interest Revenues

Pendapatan Operasional 1.777.420 1.238.731 1.101.590 Operating Revenues

Beban Operasional 1.538.467 1.037.836 815.274 Operating Expenses

Laba Sebelum Pajak 238.953 200.895 286.316 Income Before Tax

Laba Bersih 185.153 154.932 221.273 Net Income

Jumlah Laba Komprehensif 486.604 164.072 226.791 Total Comprehensive Income

Laba Bersih per Saham (dalam Rupiah penuh) Earning per Share

Dasar 13,15 11,73 17,88 Basic

Dilusian 12,95 11,43 16,51 Diluted

LAPORAN POSISI KEUANgAN / STATEMENT OF FINANcIAL POSITION

Jumlah Aset 27.868.688 21.259.549 17.447.455 Total Assets

Aset Produktif 23.254.817 17.753.945 14.162.578 Earning Assets

Dana Pihak Ketiga 22.357.131 16.946.231 13.819.061 Third Party Fund

Jumlah Ekuitas 3.669.611 3.164.114 2.753.444 Total Equity

RASIO KEUANgAN / FINANcIAL RATIOS

Permodalan Equity

Pemenuhan modal minimum 14,37% 18,38% 21,82% Capital Adequancy Ratio (CAR)

Aset tetap terhadap modal 41,44% 28,36% 28,04% Fixed Assets to Total Equity

Aset Produktif Earning Assets

Aset produktif bermasalah 3,65% 2,33% 1,88% Non Performing productive assets

Kredit bermasalah (NPL)-bruto 3,95% 3,00% 2,50% Non-Performing Loan (NPL) - gross

Kredit bermasalah (NPL)-neto 2,99% 2,56% 2,12% Non-Performing Loan (NPL) - net

PPAP-CKPN terhadap aset produktif

1,01% 0,46% 0,39% Provision to Earning Assets

Pemenuhan PPA-CKPN 100,00% 100,00% 100,00% Provision Compliance

Rentabilitas Profitability

Laba terhadap total aset (ROA) 0,95% 1,02% 1,71% Return on Assets (ROA)

Laba terhadap ekuitas (ROE) 6,46% 5,72% 9,23% Return on Equity (ROE)

Marjin bunga bersih 5,77% 5,87% 5,23% Net Interest Margin (NIM)

Biaya operasional/Pendapatan operasional (BOPO)

91,67% 94,54% 88,50%Operational Expenses/Operational

Income

Dalam jutaan Rupiah / In million Rupiah

Ikhtisar Keuangan

Financial Highlights


Tinjauan uniT-uniT Bisnis

Overview Of Business units

TaTa KELOLa PERusaHaan

GOOd COrpOrate GOvernanCe

LaPORan KEuangan KOnsOLidasi

COnsOlidated finanCial statement

Tanggung jawaB sOsiaL PERusaHaan

COrpOrate sOCial respOnsiBility

Uraian 2015 2014 2013 Description

Likuiditas Liquidity

Kredit terhadap dana yang dihimpun (LDR)

78,04% 83,88% 78,72% Loans to Deposit Ratio (LDR)

Kepatuhan Compliance

Presentase pelanggaran BMPK - - -Percentage of Legal Lending Limit

Violation

Pihak terkait Nil Nil Nil Related Parties

Pihak tidak terkait Nil Nil Nil Non Related Parties

Presentase pelampauan BMPKPercentage of Legal Lending Limit

Excess

Pihak terkait Nil Nil Nil Related Parties

Pihak tidak terkait Nil Nil Nil Non Related Parties

giro wajib minimum (Rupiah) 8,23% 8,64% 9,37%Minimum Balance with Bank

Indonesia (Rupiah)

Posisi devisa neto 1,44% 0,18% 0,75% Net Open Position

2013 20132013

20132013 2013

50.000

100.000

400.000300.000

150.000

800.000600.000

5.000.000

200.000

1.200.000900.000

10.000.000

250.000

1.600.0001.200.000

15.000.00024.000.000 4.000.000

18.000.000 3.000.000

12.000.000 2.000.000

6.000.000 1.000.000

2.000.0001.500.000

20.000.00030.000.000 5.000.000

2014 20142014

20142014 2014

2015 20152015

20152015 2015

987.

625

1.33

1.18

3

154.

932

185.

153

1.23

8.73

1

1.77

7.42

0

16.9

46.2

31

22.3

57.1

31

21.2

59.5

49

27.8

68.6

88

3.16

4.11

4

3.66

9.61

1

826.

360 2

21.2

73

1.10

1.59

013

.819

.061

17.4

47.4

55

2.75

3.44

4

PENDAPATAN BUNgA BERSIHNET INTEREST REVENUES

LABA BERSIHNET INCOME

PENDAPATAN OPERASIONALOPERATINg REVENUES

DANA PIHAK KETIgATHIRD PARTy FUND

JUMLAH ASETTOTAL ASSETS

JUMLAH EKUITASTOTAL EQUITy



oF 2015

PROFIL PERUSAHAAN

comPany ProFile



LAPORAN MANAJEMEN

management rePort

Triwulan Quarter

BulanMonth

Kurs (Rg)Exchange Rate

Peredaran Saham di Pasar RegulerShare Circulation in Regular Market Jumlah Saham

TercatatAmount of Listed

Share

Kapitalisasi PasarCapitalization Market

TertinggiHigh

TerendahLow

PenutupanEnd

VolumeNilaiValue

FrekuensiFrequency

(Rp) (Rp) (Rp) (Unit) (Rp) (X)

Ikhtisar Saham

Share Highlights

I

JanuariJanuary

375 290 347 10.682.900 3.855.893.700 3.398 13.903.608.424 4.824.552.123.128

FebruariFebruary

395 300 393 12.303.100 4.550.263.400 1.148 13.905.473.124 5.464.850.937.732

MaretMarch

410 370 406 16.326.900 6.601.832.200 470 13.917.979.566 5.650.699.703.796

II

April April

410 380 400 11.363.300 4.571.209.500 367 13.930.336.186 5.572.134.474.400

MeiMay

405 375 385 5.379.500 2.151.042.100 308 13.936.123.688 5.365.407.619.880

JuniJune

400 350 375 2.310.500 867.672.900 871 13.940.080.831 5.227.530.311.625

III

Juli July

399 370 385 1.240.100 464.498.300 709 13.940.388.331 5.367.049.507.435

AgustusAugust

400 365 370 10.655.600 3.944.601.400 390 13.941.459.431 5.158.339.989.470

SeptemberSeptember

500 370 490 13.772.500 6.480.124.700 912 13.949.089.731 6.835.053.968.190

IV

OktoberOctober

490 440 485 4.888.000 2.364.269.200 224 13.952.767.022 6.767.092.005.670

NovemberNovember

487 431 450 10.881.800 5.150.091.900 292 13.967.258.027 6.285.266.112.150

DesemberDecember

445 431 394 260.800 105.903.800 100 14.007.435.804 5.518.929.706.776

I

JanuariJanuary

253 235 250 6.540.700 1.613.786.900 301 12.985.531.698 3.246.382.924.500

FebruariFebruary

255 249 250 8.023.700 2.006.327.700 269 12.985.531.698 3.246.382.924.500

MaretMarch

252 236 252 2.458.800 614.726.400 120 12.987.589.702 3.272.872.604.904

II

April April

275 250 274 5.125.400 1.343.830.000 302 12.987.589.702 3.558.599.578.348

MeiMay

275 269 270 6.070.100 1.639.435.700 490 12.989.113.102 3.507.060.537.540

JuniJune

284 270 280 8.675.000 2.416.926.900 4.139 13.001.180.935 3.640.330.661.800

III

Juli July

285 262 284 58.073.300 16.259.632.300 2.738 13.003.797.135 3.693.078.386.340

AgustusAugust

284 272 280 2.054.500 573.540.600 864 13.003.797.135 3.641.063.197.800

SeptemberSeptember

288 271 283 7.661.000 2.160.996.000 3537 13.895.104.424 3.932.314.551.992

IV

OktoberOctober

284 263 275 495.300 134.387.200 206 13.895.104.424 3.821.153.716.600

NovemberNovember

280 240 270 1.708.500 461.212.000 876 13.895.104.424 3.751.678.194.480

DesemberDecember

339 273 339 17.003.000 5.116.973.300 5990 13.895.104.424 4.710.440.399.736

PERIODE JANUARI - DESEMBER 2015 / 2015 JANUARy - DEcEMBER PERIOD

PERIODE JANUARI - DESEMBER 2014 / 2014 JANUARy - DEcEMBER PERIOD










gRAFIK VOLUME PERDAgANgAN / TRADINg VOLUME gRAPH

60.000.000

50.000.000

40.000.000

30.000.000

20.000.000

10.000.000

Grafik Informasi Saham

Share Information Graphs

gRAFIK HARgA SAHAM / SHARE PRIcE gRAPH

500

400

300

200

100

0

347

393 406 400 385 375 370

490 485450

394385

250 250 252274 270 280 284 280 283 275 270

339

Q1 Q2 Q3 Q4

gRAFIK KAPITALISASI PASAR / MARKET cAPITALIZATION gRAPH

8.000.000

7.000.000

6.000.000

5.000.000

2.000.000

3.000.000

4.000.000

1.000.000

0

4.824.552

5.464.850 5.650.699 5.572.134 5.365.407 5.227.530 5.158.339

6.835.053 6.767.0926.285.266

5.518.9295.367.049

3.246.382 3.246.382 3.272.8723.558.599 3.507.060 3.640.330 3.693.078 3.641.063

3.932.314 3.821.153 3.751.678 4.710.440

Q1 Q2 Q3 Q4

0

10.682.900 12.303.10016.326.900

11.363.300

5.379.5002.310.500

10.655.60013.772.500

4.888.000

10.881.800

260.8001.240.1002.458.8005.125.400 6.070.100

8.675.000

58.073.300

2.054.500

7.661.000

495.300 1.708.500

17.003.000

20142015

6.540.700 8.023.700

Q1 Q2 Q3 Q4

Dalam jutaan / In million



oF 2015

PROFIL PERUSAHAAN

comPany ProFile



LAPORAN MANAJEMEN

management rePort

Informasi Mengenai Obligasi,

Sukuk, atau Obligasi Konversi

Information on Bonds, Sukuk, or Convertion Bonds

Bank Sinarmas belum menerbitkan obligasi, sukuk atau

obligasi konversi sehingga informasi mengenai hal tersebut

tidak dapat ditampilkan dalam laporan tahunan ini.

Bank Sinarmas merayakan

Hari Ulang Tahun yang ke

27 tahun / Bank Sinarmas

celebrated the 27th Birthday..

Penandatangan nota kesepahaman

implementasi master repurchase

agreement syariah / The signing of

memorandum of understanding on

implementation of sharia master

repurchase agreement.

Bank Sinarmas

menandatangani

perjanjian kerjasama Bank

Administrator Rekening

Dana Nasabah dan Bank

Pembayaran Periode 2015-

2019 / Bank Sinarmas signed

cooperation agreement on

Bank Administrator Rekening

Dana Nasabah dan Bank

Pembayaran for the period of

2015-2019.

grand Launching KCP green Office

Park 6 Wing A - ground Floor, BSD

Tangerang

Penyelenggaran Rapat Umum Pemegang

Saham Tahunan di Sinar Mas Land Plaza,

Tower 2, Lantai 39 Jakarta / Implementation

of Annual general Meeting of Shareholders

in Sinar Mas Land Plaza, Tower 2, 39th Floor,

Jakarta.

Bank Sinarmas has not issued any bond, sukuk, or converted

bond so that such information cannot be presented in this

annual report.

Peristiwa Penting 2015

2015 Event Highlights

31March

02July

10July

09June

12June










Peresmian Pembukaan Temu Kreatif

Nasional 2015 dan Peresmian

Indonesia Convention Exihibition BSD

City / Inauguration of the Opening

of Temu Kreatif Nasional 22015 and

Inauguration of Indonesia Convention

Exhibition BSD City.

Kunjungan Menteri

perindustrian bersama Presiden

Direktur Bank sinarmas /

Visitation from the Minister of

Industry with President Director

of Bank Sinarmas.

Penghargaan reward front liner

/ Reward front liner award.

Bank Sinarmas menjadi

sponsorship Piala Presiden / Bank

Sinarmas became a sponsor for

Piala Presiden.

gold Champion of Indonesia

WOW Brand 2015, category

Saving Account (Buku I+II)

Bancassurance Cooperation SIMPOL

Medical antara PT Asuransi Jiwa Sinarmas

dengan PT. Bank Sinarmas Tbk. /

Bancassurance Cooperation SIMPOL

Medical between PT Asuransi Jiwa

Sinarmas and PT. Bank Sinarmas Tbk.

Pelaksanaan

Program Jangkau,

Sinergi, dan

Guideline atau

Jaring 2015 /

Implementation of

Program Jangkau,

Sinergi, dan

guideline or Jaring

2015.

04Augu

st01Augu

st12Augu

st

09

September

10

September

29

September

13

November

12

December

Kegiatan CSR bersama

Panti asuhan Santo yusuf,

bertempat di Cipanas, Cianjur

/ CSR activities held in Santo

yusuf Orphanage, located in

Cipanas, Cianjur.



oF 2015

PROFIL PERUSAHAAN

comPany ProFile



LAPORAN MANAJEMEN

management rePort

Manajemen memberikan apresiasi dan terima kasih atas

sumbangsih yang diberikan oleh seluruh karyawan Bank

Sinarmas, sehingga pada tahun 2015 berhasil memperoleh

penghargaan, antara lain:

1. golden Trophy sebagai Bank dengan Predikat Sangat

Bagus atas Kinerja Keuangan Tahun 2010 - 2014, oleh

Infobank.

2. Unit Usaha Syariah dengan Predikat Sangat Bagus atas

Rating Institusi Keuangan Syariah Tahun 2014, oleh

InfoBank.

3. gold Champion of Indonesia WOW Brand 2015.

Category: Saving Account - Conventional Bank (BUKU I+II)

4. Silver Champion of Indonesia WOW Brand 2015.

Category: Time Deposit - Conventional Bank (BUKU I+II)

5. The Champion of Bandung WOW Service Excellence

Award. Category: Conventional Bank (BUKU I+II)

6. The Best Champion of Balikpapan WOW Service Excellent


7. The Champion of Medan WOW Service Excellent Award.

Category: Conventional Bank (BUKU I+II)

8. The Champion of Semarang WOW Service Excellent


9. The Champion of Pontianak WOW Service Excellent


10. Peringkat I good Corporate governance. Category: Buku

II Aset Rp10 Triliun s/d Rp25 Triliun oleh Economic Review

11. Peringkat I Corporate Communication. Category: Buku II

Aset Rp10 Triliun s/d Rp25 Triliun oleh Economic Review

12. Peringkat II Information Technology. Category: Buku II

Aset Rp10 Triliun s/d Rp25 Triliun oleh Economic Review

13. Peringkat II Corporate Social Responsibility. Category:

Buku II Aset Rp10 Triliun s/d Rp25 Triliun oleh Economic

Review

14. Peringkat II Risk Management. Category: Buku II Aset

Rp10 Triliun s/d Rp25 Triliun oleh Economic Review

15. Peringkat II Marketing. Category: Buku II Aset Rp10 Triliun

s/d Rp25 Triliun oleh Economic Review.

Management extends its sincere appreciation and gratitude

for contribution from all employees of Bank Sinarmas, thus in

2015 we achieved various awards, namely:

1. golden Trophy as Bank with Excellent Predicate for

Financial Performance in 2010-2014, by Infobank.

2. Sharia Business Unit with Excellent Predicate for Sharia

Financial Institution Rating in 2014, by Infobank.

3. gold Champion of Indonesia WOW Brand 2015,

Category: Saving Account - Conventional Bank (BUKU I+II)

4. Silver Champion of Indonesia WOW Brand 2015,

Category: Time Deposit - Conventional Bank (BUKU I+II)

5. The Champion of Bandung WOW Service Excellence

Award, Category: Conventional Bank (BUKU I+II)

6. The Best Champion of Balikpapan WOW Service Excellent

Award, Category: Conventional Bank (BUKU I+II)

7. The Champion of Medan WOW Service Excellent Award.

Category: Conventional Bank (BUKU I+II)

8. The Champion of Semarang WOW Service Excellent


9. The Champion of Pontianak WOW Service Excellent


10. 1st Rank good Corporate governance. Category: Buku

II Assets of Rp10 Trillion to Rp25 Trillion by Economic

Review

11. 1st Rank Corporate Communication. Category: Buku


Review

12. 2nd Rank Information Technology. Category: Buku II Assets

of Rp10 Trillion to Rp25 Trillion by Economic Review

13. 2nd Rank Corporate Social Responsibility. Category: Buku


Review

14. 2nd Rank Risk Management. Category: Buku II Assets of

Rp10 Trillion to Rp25 Trillion by Economic Review

15. 2nd Rank Marketing. Category: Buku II Assets of Rp10

Trillion of Rp25 Trillion by Economic Review.

Penghargaan dan Sertifikasi

Awards and Certifications










3

1 2

5

8

14

11

7

13

10

6

9

15

12

4



oF 2015

PROFIL PERUSAHAAN

comPany ProFile



LAPORAN MANAJEMEN

management rePort










Laporan ManajemenManagement Report



oF 2015

PROFIL PERUSAHAAN

comPany ProFile



LAPORAN MANAJEMEN

management rePort

Laporan Dewan Komisaris



KILAS KINERJA 2015FLASHBACK PERFORMANCE

OF 2015

PROFIL PERUSAHAAN

COMPANy PROFILE


MANAgEMENT DISCUSSION AND ANALySIS

LAPORAN MANAJEMEN

MANAgEMENT REPORT

Komisaris Utama

President Commissioner

Tjendrawati Widjaja










Para Pemegang Saham dan Pemangku

Kepentingan yang Terhormat,

Dear Honorable Shareholders and Stakeholders,

Sepanjang tahun 2015, terdapat berbagai

hal yang telah kami laksanakan sebagai

bagian dari tugas dan tanggung jawab

Dewan Komisaris. Sesuai Anggaran

Dasar, Dewan Komisaris telah melakukan

pengawasan dan pemberian saran terhadap

kebijakan pengurusan dan jalannya

pengelolaan Bank yang dilakukan oleh

Direksi. Melalui laporan tahunan ini, Dewan

Komisaris akan memaparkan secara singkat

perkembangan ekonomi 2015, penilaian

terhadap kinerja Direksi, penerapan tata

kelola perusahaan yang baik atau Good

Corporate Governance (gCg), penilaian

terhadap komite-komite di bawah Dewan

Komisaris, serta prospek usaha Bank

Sinarmas ke depan.

PENILAIAN ATAS KINERJA DIREKSITahun 2015 merupakan tahun yang

penuh tantangan bagi industri perbankan

nasional begitu juga dengan Bank Sinarmas.

Walaupun demikian, Perseroan tetap

dapat membukukan laba bersih sebesar

Rp185 miliar pada akhir tahun 2015. Nilai

tersebut mengalami pertumbuhan sebesar

19,51% dibandingkan tahun sebelumnya.

Throughout 2015, there are several things

that we have completed as part of our

duties and responsibilities as the Board of

Commissioners. According to the Articles

of Association, the Board of Commissioners

has supervised the Board of Directors’ bank

management policy and its implementation,

as well as given them advice on it.

Through this annual report, the Board of

Commissioners will briefly describe the 2015

economic development, its assessment

on the Board of Directors’ performance,

the implementation of good corporate

governance, the assessment of committees

under the Board of Commissioners, and

business outlook of Bank Sinarmas.

ASSESSMENT ON PERFORMANcE OF BOARD OF DIREcTORS 2015 is the year bristling with challenges for

both national banking industry and Bank

Sinarmas itself. Despite this, we remained

capable of recording a consolidated net

income of Rp185 billion at the end of 2015,

which grew by 19.51% or Rp30 billion

compared to the previous year. Total fixed

assets rose by Rp27,869 billion, grew Total



laba bersih

19,51%

net income

Bank Sinarmas

sepanjang

2015 di bawah

kepemimpinan

Direksi saat ini

berjalan dengan

sangat baik.

Throughout 2015,

Bank Sinarmas’

performance

under the Board of

Directors’ leadership

has run very well.



oF 2015

PROFIL PERUSAHAAN

comPany ProFile



LAPORAN MANAJEMEN

management rePort

Jumlah aset bertumbuh sebesar Rp6.609 miliar atau 31,09%

dibandingkan tahun sebelumnya yang sebesar Rp21.260 miliar

naik menjadi Rp27.869 miliar.

Pada tahun 2015, pertumbuhan kredit Bank Sinarmas sebesar

22,44% melambat jika dibandingkan dengan pertumbuhan

pada tahun 2014 yang sebesar 30,39%, namun masih berada

jauh di atas rata-rata industri perbankan yang tumbuh sebesar

10,40%. Pertumbuhan kredit Perseroan didominasi oleh

kredit MSME yang bertumbuh sebesar 103,44% dari tahun

2014. Sementara rasio Non Performing Loan (NPL) gross

Bank pada akhir tahun 2015 tercatat sebesar 3,95% naik

0,95% dibandingkan pada akhir tahun 2014 yang sebesar

3,00%. Penurunan kualitas kredit merupakan dampak dari

melemahnya pertumbuhan ekonomi Indonesia di tahun 2015

sehingga terjadi penurunan kualitas pada beberapa debitur,

selain itu Perseroan juga berinisiatif merestruktur beberapa

debitur yang memiliki potensi bermasalah dan menghitung

kembali pencadangan yang diperlukan.

Sepanjang tahun 2015, Bank Sinarmas terus melakukan

kegiatan-kegiatan marketing dan promosi serta melakukan

inovasi dalam mengembangkan produk dan layanan

perbankan, seperti tabungan Simas Diamond dan

penambahan fitur-fitur pada layanan mobile banking. Usaha

yang dilakukan Manajemen Perseroan mampu meningkatkan

penghimpunan simpanan masyarakat (Dana Pihak Ketiga/

DPK), yang bertumbuh sebesar 31,93% dari Rp16.946 miliar

di tahun 2014 menjadi Rp22.357 miliar di tahun 2015.

Dengan pencapaian tersebut, Dewan Komisaris menilai bahwa

pengurusan kinerja Bank Sinarmas sepanjang tahun 2015 di

bawah kepemimpinan Direksi saat ini berjalan dengan sangat

baik. Di sisi lain, agar Direksi dapat meningkatkan kinerja yang

lebih baik lagi, Dewan Komisaris telah memberikan beberapa

rekomendasi agar Bank Sinarmas bersaing secara optimal

dengan kompetitor lain. Dewan Komisaris juga menyarankan

agar Bank Sinarmas dapat lebih kreatif dan inovatif dalam

memberikan layanan dan produk perbankan kepada

masyarakat.

assets grew by Rp6,609 billion or 31.09% compared to

Rp21,260 billion, which increased to Rp277,869 billion.

In 2015, Bank Sinarmas’ credit growth was 22.44%, which

decreased compared to that of 2014 at 30.39%, yet still

above average of banking industry’s growth at 10.40%. The

Company’s credit growth was largely contributed by MSMEs

credit which increased by 103.44% from 2014. Meanwhile,

the gross Non Performing Loan ratio at the end of 2015 was

recorded at 3.95%, grew by 0.95% compared to the end of

2014 at 3.00%. The decrease of credit quality was the impact

of Indonesia’s economic slowdown in 2015, which led to a

declining performance of several debtors. In addition, the

Company also took the initiative to restructure its debtors that

could potentially cause troubles and to calculate again the

reserves needed.

Throughout 2015, Bank Sinarmas continues to conduct

marketing activities and promotion, as well as develop

banking products and services, such as Simas Diamond savings

and the additional features in mobile banking service. The

effort conducted by the Company’s management is able to

increase the public’s savings (Third Party Fund/DPK), which

grew by 31.93% from Rp16,946 billion in 2014 to Rp22,357

billion in 2015.

With such accomplishment, the Board of Commissioners

observes that during 2015, the management of Bank

Sinarmas’ performance under the Board of Directors’

leadership has run very well. Furthermore, to help the Board

of Directors increase its performance even better, the Board

of Commissioners has provided several recommendations to

enhance Bank Sinarmas’ competitive power a level higher

than its competitors. Bank Sinarmas can be more creative and

innovative in providing services and banking products to the

public.












Dewan Komisaris juga akan senantiasa menjalankan fungsi

pengawasan dan pemberian saran yang diperlukan terhadap

proses pengelolaan Bank. Peran Dewan Komisaris dalam

proses pengelolaan Bank yang baik antara lain dilakukan

dengan fokus terhadap implementasi sistem manajemen risiko

dan Good Corporate Governance yang akan mendorong

pertumbuhan kinerja bisnis.

PANDANgAN ATAS PROSPEK USAHAPerlambatan ekonomi Indonesia yang mencapai 4,79% di

tahun 2015 merupakan level terendah dalam 5 tahun terakhir.

Pertumbuhan ekspor masih tertahan akibat permintaan

global yang masih lemah dan terus menurunnya harga

komoditas. Perbaikan ekonomi domestik ditopang oleh

belanja pemerintah dan investasi. Sementara sektor konsumsi

yang menyumbangkan porsi terbesar stagnan di level 5%, di

tengah indikasi adanya penurunan tabungan dan pendapatan

yang dapat dibelanjakan. Kebijakan moneter yang ketat untuk

menjaga kestabilan arus modal aset di tengah meningkatnya

risiko global yang lebih disebabkan oleh normalisasi kebijakan

moneter ketat Amerika Serikat (AS) dan perlambatan ekonomi

Tiongkok turut menurunkan pertumbuhan kredit perbankan

di tengah masih lemahnya investasi swasta yang ditunjukkan

oleh menurunnya kinerja perusahan-perusahaan, khususnya

yang berbasis komoditas. Namun, jatuhnya harga minyak

dunia telah membuka peluang pemangkasan harga BBM yang

akan berimplikasi dengan penurunan tingkat inflasi sehingga

membuka ruang pemangkasan BI rate di tahun 2016, hal

ini akan sangat positif khususnya bagi industri perbankan

dan perekonomian secara umum. Paket kebijakan ekonomi

pemerintah untuk relaksasi investasi dan reformasi regulasi

yang akan memudahkan dan mempercepat baik proses

birokasi dan kepastian bisnis dapat menjadi strategi kunci

untuk pertumbuhan industri dan ekonomi yang lebih baik di

tahun 2016.

Melihat prospek usaha industri perbankan Indonesia di tahun

2016 tersebut, Bank Sinarmas berusaha sebaik-baiknya untuk

meraih setiap peluang dan potensi yang tercipta, khususnya

untuk segmen korporat dan retail. Dengan keunggulan

kompetitif yang dimiliki oleh Bank Sinarmas, Dewan Komisaris

optimis bahwa prospek usaha di masa yang akan datang akan

semakin cemerlang

The Board of Commissioners will also continue to perform

supervisory and advisory functions that are necessary in the

Bank’s management process. Effective role of the Board

of Commissioners in the Bank’s management process is

conducted by dedicating its focus on carrying out risk

management system and good corporate govenrance that will

help spur business performance growth.

VIEw ON BUSINESS PROSPEcTSIndonesia’s economic growth reached 4.79% in 2015 is

the lowest level in the past 5 years. Export growth was still

restrained due to weak global demand and the falling of

commodity prices. Domestic economic recovery was supported

by government’s spending and investment. Meanwhile,

consumption sector that contributed the largest to gDP

was stagnant at the level of 5% as there were indicators of

declining amount of savings and revenue for spending. Strict

monetary policy to maintain the stability of asset capital flow

amid the rising global risks that were caused largely by the

normalisation of US monetary policy and China’s economic

downturn, also decreased banking credit growth amid

weak private investment. This was shown by the declining

performance of companies, especially those engaged in

commodity sectors. However, the falling of oil prices have

opened opportunity to cut fuel price that would lead to the

decline of inflation rate. Thus, BI rate decreased in 2016. This

will positively affect banking industry and the overall economy.

The government’s economic policy package for investment

relaxation and regulation reformation that will ease and

accelerate beaurocracy and business certainty can become the

key strategy to increasing industry and economy growth in

2016.

Viewing Indonesia’s banking industry business outlook in

2016, Bank Sinarmas strived to capture every opportunity

and potential, especially corporate and retail segments.

With competitive edge that Bank Sinarmas has, the Board of

Commissioners is optimistic about its brighter outlook in the

future.





oF 2015

PROFIL PERUSAHAAN

comPany ProFile



LAPORAN MANAJEMEN

management rePort

Seiring dengan perbaikan pertumbuhan ekonomi nasional,

kinerja industri perbankan juga akan semakin baik.

Menghadapi masa mendatang, Direksi telah menyusun

prospek usaha ke depan guna meraih dan menciptakan

peluang bisnis yang lebih baik antara lain dengan:

• MengembangkanprogramLayananKeuanganTanpa

Kantor Dalam Rangka Keuangan Inklusif (Laku Pandai)

Bank Sinarmas melalui perekrutan agent banking.

• Meningkatkanportofoliokreditmikromelaluiprogram

KUR.

• Melakukancross selling, antara lain kepada debitur-debitur

KUR, terhadap produk dan layanan perbankan lainnya.

Dewan Komisaris berpandangan bahwa prospek usaha

yang telah disusun oleh Direksi sebagaimana yang tertuang

dalam Rencana Bisnis Bank, secara garis besar, sudah

mempertimbangkan potensi-potensi bisnis beserta risiko, juga

selaras dengan arah dan tujuan perusahaan. Hal ini didukung

kondisi perekonomian nasional dan perkembangan bisnis

industri perbankan yang semakin kondusif.

PENERAPAN TATA KELOLA DAN MANAJEMEN RISIKO PERUSAHAANSepanjang tahun 2015, Dewan Komisaris melakukan tugas

pengawasan terhadap kebijakan manajemen, mekanisme

kepengurusan dan operasional Bank yang dijalankan oleh

Direksi serta memberikan masukan dan arahan kepada Direksi

mengenai kinerja yang sedang dijalankan. Berdasarkan

evaluasi atas kinerja operasional di tahun pelaporan, Dewan

Komisaris mengamanatkan kepada Direksi untuk terus

memperkuat posisi modal, meningkatkan kualitas dan

kompetensi sumber daya manusia serta memperkuat jaringan

dan pengembangan teknologi informasi. Kami senantiasa

mengarahkan dan mendukung agar Direksi melakukan

berbagai inovasi guna meraih pangsa pasar yang lebih luas.

Dewan Komisaris sangat menyadari pula bahwa implementasi

gCg menjadi suatu elemen penting dalam mencapai kinerja

perusahaan yang berkelanjutan. Oleh karena itu, penerapan

gCg menjadi perhatian utama bagi Dewan Komisaris dalam

menjalankan fungsi pengawasan dan pemberian saran kepada

Direksi.

In line with the improvement of national economic growth,

banking industry’s performance will also get better. In

anticipating the future, the Board of Directors has developed

business prospects for the future to seize and create better

business opportunities by, among others:

• DevelopBranchlessServiceforInclusiveFinancialActivities

(Laku pandai) of Bank Sinarmas through recruitment of

banking agent.

• IncreasemicrocreditportfoliothroughKUR(People’sSmall

Business Loan) program.

• Conductcrossselling,amongotherstoKURdebtorsand

other products and services.

The Board of Commissioners views that business outlook

prepared by the Board of Directors, as stated in the Bank’s

Business Plan, has considered business and risk potentials and

is already in line with the company’s direction and objectives.

This is supported by national economic conditions and a more

conducive banking industry business.

IMPLEMENTATION OF cORPORATE gOVERNANcE AND RISK MANAgEMENTThroughout 2015, the Board of Commissioners has supervised

the management policy and mechanism, as well as operations

of the Bank that the Board of Directors perform. The Board

of Commissioners has also provided its insights and advices

to the Directors regarding the tasks they do. Based on the

evaluation of the operational performance in the reporting

year, the Board of Commissioners mandates the Board of

Directors to increase the quality and competency of human

resources as well as strengthen the network and information

technology. We continue to direct and support the Board of

Directors to create a wide range of innovations to enrich its

market share portfolio.

The Board of Commissioners also fully realizes the importance

of gCg implementation as one critical element to achieve

sustainable performance. On that basis, the Board of

Commissioners pays high attention to the application gCg

in supervising the activities of the Board of Directors and in

providing them any advices.














Sejalan dengan semangat yang tertuang dalam Peraturan

Bank Indonesia No. 8/14/PBI/2006 serta Surat Edaran Bank

Indonesia No. 15/15/DPNP/tanggal 29 April 2013 perihal

Pelaksanaan Good Corporate Governance bagi Bank Umum,

Bank Sinarmas telah melakukan penilaian sendiri (self

assessment) atas pelaksanaan gCg. Pada tahun 2015, Bank

Sinarmas memperoleh nilai assessment pelaksanaan gCg

sebesar 2 atau dalam kategori BAIK.

Dewan Komisaris berpendapat bahwa pada tahun 2015,

Direksi telah menerapkan gCg dengan sangat efektif dan

konsisten. Penerapan gCg di lingkungan Bank Sinarmas

menjadi suatu mekanisme yang mengatur hubungan Bank

dengan seluruh pemangku kepentingan secara transparan,

akuntabel, bertanggung jawab, independen dan adil. Direksi

telah menjalankan seluruh prinsip gCg dengan memberikan

informasi yang komprehensif bagi seluruh pemangku

kepentingan.

Terkait pengelolaan risiko, Dewan Komisaris senantiasa

mendorong manajemen untuk semakin intensif dalam

upaya meningkatkan mitigasi risiko melalui Enterprise Risk

Management (ERM) secara terintegrasi, sehingga risiko

yang dihadapi dapat diubah menjadi peluang peningkatan

usaha. Selain itu, Dewan Komisaris juga terus mengawasi

dengan seksama pengelolaan risiko yang dilaksanakan Direksi

dengan dukungan dari komite yang relevan, pengelolaan

risiko yang bijak dan melibatkan seluruh risk owner dalam

upaya memitigasi risiko utama guna menghindari kejadian

risiko yang fatal dan dapat menjamin keberlangsungan usaha

Perseroan dalam jangka panjang.

PENILAIAN ATAS KINERJA KOMITE-KOMITE yANg BERADA DI BAwAH DEwAN KOMISARIS

Dalam rangka melakukan pengawasan dan pemberian saran

secara aktif kepada Direksi, termasuk pelaksanaan Rencana

Bisnis Bank, Dewan Komisaris dibantu komite-komite di

bawah Dewan Komisaris yang meliputi Komite Audit, Komite

Pemantau Risiko, Komite Remunerasi dan Nominasi, serta

pembentukan Komite Tata Kelola Terintegrasi yang dibentuk

menjelang akhir tahun 2015.

To reflect the spirit stated in the Bank Indonesia Regulation

No. 8/14/PBI/2006 and Circular Letter of Bank Indonesia

No. 15/15/DPNP/tanggal April 29, 2013 concerning the

Implementation of good Corporate governance for

Commercial Bank, Bank Sinarmas has conducted self-

assessment on the implementation of gCg. Bank Sinarmas’

Self-Assessment of gCg result at semester I and II in 2015

earned the second rank, in the category “gOOD”.

The Board of Commissioners views that in 2015, the Board

of Directors has effectively and consistently implemented

gCg. The implementation of gCg at Bank Sinarmas’

environment has transformed to a mechanism that regulates

the relationship of the Bank with the stakeholders in a

trasnparent, accountable, responsible, independent and fair

manner. The Board of Directors has applied all principles

of gCg by providing comprehensive information to all

stakeholders.

Pertaining to risk management, the Board of Commisioners

continues to encourage the management to more intesively

increase risk mitigation through an integrated Enterprise Risk

Management (ERM) so as to translate the risks into business

growth opportunities. In addition, the Board of Commissioners

also continues to carefully supervise risk management

conducted by the Board of Directors with the support from

the relevant committees on the risk management. Wise

risk management that involves the participation of all risk

owners in the context of mitigating key risks will keep Bank

Sinarmas away from fatal risks and help it ensure its business

sustainability in the long term.

ASSESSMENT ON THE PERFORMANcE OF cOMMITTEES UNDER THE BOARD OF cOMMISSIONERSIn actively supervising the Board of Directors and giving

them advices, including in overseeing the Bank’s Business

Plan, the Board of Commissioners is assisted by committees

under the Board of Commissioners which consist of the Audit

Committee, Risk Monitoring Committee, Remuneration and

Nomination Committee, and good Corporate governance

Committee.



oF 2015

PROFIL PERUSAHAAN

comPany ProFile



LAPORAN MANAJEMEN

management rePort

Tjendrawati Widjaja

Dewan KomisarisBoard of Commissioners

Rusmin Sammy Kristamuljana Komisaris Independen


Komisaris Independen


Komisaris Utama

President Commissioner












Selama tahun 2015, komite-komite tersebut telah

menjalankan tugas dengan baik dan telah memberikan

kontribusi besar terhadap pertumbuhan Bank Sinarmas.

Implementasi program kerja serta fungsi masing-masing

komite yang tepat, senantiasa mendukung tugas dan

tanggung jawab Dewan Komisaris. Melalui komite-komite

yang berada di bawah Dewan Komisaris, kami senantiasa

mendorong penerapan standar tata kelola yang baik secara

menyeluruh di setiap aktivitas Bank, serta memperkuat fungsi-

fungsi komite demi mendorong tercapainya sistem perbankan

yang sehat.

PERUBAHAN KOMPOSISI DEwAN KOMISARISSepanjang tahun 2015, Bank Sinarmas tidak melakukan

perubahan komposisi anggota Dewan Komisaris.

PENUTUPDewan Komisaris optimis bahwa Bank Sinarmas akan mampu

terus meningkatkan kinerja dengan bekerja keras serta

menerapkan prinsip-prinsip gCg secara konsisten. Dewan

Komisaris mengamanatkan agar Direksi dan karyawan dapat

bekerjasama dengan segenap pemangku kepentingan

guna mempersembahkan pelayanan prima sesuai dengan

kebutuhan nasabah.

Dewan Komisaris mengucapkan terima kasih kepada Direksi

serta segenap karyawan Bank Sinarmas atas dedikasi dan kerja

keras yang telah ditunjukkan sepanjang tahun 2015. Kepada

segenap mitra kerja dan seluruh pemangku kepentingan

lainnya, kami juga menyampaikan penghargaan yang setinggi-

tingginya.

Terima kasih.

Throughout 2015, the committee has conducted its duties

well and has provided significant contribution to the growth

of Bank Sinarmas. The proper implementation of work

program and function of each committee can always support

the duties and responsibilities of the Board of Commissioners.

Through the committees under the Board of Commissioners,

we continue to encourage the implementation of good

corporate governance structure standard across the Bank’s

activities as we strengthen the functions of the committee to

encourage the implementation of a healthy banking system.

cHANgES IN THE cOMPOSITION OF BOARD OF cOMMISSIONERSThroughout 2015, Bank Sinarmas did not change the

composition of members of the Board of Commissioners.

cLOSINgThe Board of Commissioners is optimistic that Bank Sinarmas

will be able to continuously improve its performance as it

works hard and consistently applies the gCg principles. The

Board of Commissioners mandates that the Board of Directors

and employees cooperate with all stakeholders to deliver

prime services to meet the needs of the customers.

The Board of Commissioners extends its gratitude to the Board

of Directors and all employees of Bank Sinarmas for their

dedication and hard work during 2015. We also express our

highest appreciation to all working partners and stakeholders.

Thank you.

Tjendrawati widjaja

Komisaris Utama / President Commissioner





oF 2015

PROFIL PERUSAHAAN

comPany ProFile



LAPORAN MANAJEMEN

management rePort

Laporan Direksi


Pertama-tama kami panjatkan puji syukur kepada Tuhan yang

Maha Esa atas karunia yang luar biasa sepanjang tahun. Atas

nama Direksi, perkenankan saya melaporkan kinerja Perseroan

untuk tahun buku 2015.

Sepanjang tahun 2015, perkembangan industri perbankan

merupakan tema besar yang menjadi fokus perhatian utama

kami dalam rangka meningkatkan pertumbuhan bisnis.

Untuk memenuhi kebutuhan pasar dan dinamika yang terjadi

kami meresponsnya dengan memberikan pelayanan terbaik

dengan dukungan sumber daya manusia yang kompeten

dan profesional serta teknologi informasi terkini. Selain itu,

Perseroan menyediakan produk dan layanan yang sesuai

dengan kebutuhan nasabah.

Untuk menyampaikan pencapaian kinerja selama tahun 2015,

izinkan kami menyajikannya dalam bentuk Laporan Tahunan

sebagai salah satu wujud pertanggungjawaban Direksi kepada

pemegang saham dan seluruh pemangku kepentingan

lainnya. Selain itu, sebagai bagian dari penerapan prinsip-

prinsip tata kelola perusahaan yang baik.

PERKEMBANgAN EKONOMI 2015Sepanjang 2015, perekonomian global masih diselimuti

ketidakpastian. Ekonomi dunia hanya tumbuh 3,10% atau

lebih rendah dari tahun 2014 sebesar 3,40%. Tekanan

terus berlanjut seiring dengan perlambatan ekonomi di

China. Hal ini berdampak terhadap ekonomi domestik

terutama pada kinerja ekspor. Ekonomi nasional pada tahun

2015 tumbuh 4,8%, turun dibanding tahun 2014 sebesar

5,02%. Perlambatan ini berdampak pada turunnya daya beli

masyarakat dan memengaruhi dunia bisnis, termasuk industri

perbankan.

First and foremost, let us extend our gratitude to god the

Almighty for showering us His abundant blessings during this

year. On behalf of the Board of Directors, allow me to report

the Company’s performance for 2015 fiscal year.

Throughout 2015, the development of banking industry is

the main theme of our focus of attention in improving and

maintaining business growth. To meet market demand and

address current dynamics, we strive to deliver the best service

with the support of professional human resources and the

latest information technology. In addition, the Company

also provides products and services that is suitable with the

customers’ needs.

To report performance achievements the Company attained

this year, allow us to present it in the form of Annual Report

as one of the forms of the Board of Directors’ accountability

to all shareholders and stakeholders. In addition, as part of the

implementation of good corporate governance principles.

2015 EcONOMIc DEVELOPMENTThe lingering global economic uncertainties continued during

2015. The world’s economic growth only grew by 3.10% or

lower than 3.40% in 2014. The pressure continued as China’s

economy was sagging. This affected domestic economic

performance, especially export activity. National economy in

2015 rose by 4.8%, which decreased compared to 5.02% in

2014. This slowdown led to the declining purchasing power

of the people and have an effect to business world, including

banking industry.

Pemegang Saham yang Kami Hormati,

Dear Honorable Shareholders,

KILAS KINERJA 2015FLASHBACK PERFORMANCE

OF 2015

PROFIL PERUSAHAAN

COMPANy PROFILE


MANAgEMENT DISCUSSION AND ANALySIS

LAPORAN MANAJEMEN

MANAgEMENT REPORT











TINJAUAN UNIT-UNIT BISNIS

OVERVIEW OF BUSINESS UNITS

TATA KELOLA PERUSAHAAN

gOOD CORPORATE gOVERNANCE

LAPORAN KEUANgAN KONSOLIDASI

CONSOLIDATED FINANCIAL STATEMENT

TANggUNg JAwAB SOSIAL PERUSAHAAN

CORPORATE SOCIAL RESPONSIBILITy


Direktur Utama

President Director

Freenyan Liwang



oF 2015

PROFIL PERUSAHAAN

comPany ProFile



LAPORAN MANAJEMEN

management rePort

Di sektor keuangan, secara umum hingga akhir tahun 2015,

kondisi Bank Umum Konvensional (BUK) berdasarkan data

Otoritas Jasa Keuangan (OJK) masih terjaga baik, meskipun

terdapat penurunan pertumbuhan aset dan Dana Pihak Ketiga

(DPK). Total aset perbankan nasional menurun 2,1% (qtq),

sejalan dengan penurunan pada penghimpunan DPK sebesar

1,14% (qtq).

Namun demikian, kredit yang disalurkan perbankan nasional

bertumbuh 2,55% (qtq).Tekanan di pasar keuangan domestik

hingga akhir tahun 2015 terpantau berkurang, seiring

meredanya ketidakpastian terkait kenaikan Fed Funds Rate.

Pasar saham dan Surat Berharga Negara (SBN) membukukan

penguatan, sementara volatilitas nilai tukar Rupiah cenderung

mereda. Pergerakan nilai tukar Rupiah juga cenderung

menguat pada akhir tahun 2015, yang ditopang oleh

meredanya ketidakpastian terkait kenaikan Fed Funds Rate

dan perbaikan persepsi risiko domestik.Kepastian kenaikan

Fed Funds Rate pada Desember 2015, membuat pergerakan

nilai tukar Rupiah relatif stabil, hal ini menunjukkan bahwa

pasar telah memperhitungkan kebijakan tersebut (sumber :

www.ojk.go.id).

Sementara itu, laporan kebijakan moneter Bank Indonesia

pada akhir tahun 2015 menjelaskan bahwa pertumbuhan

kredit hingga akhir tahun 2015 masih menunjukkan tren

yang menurun dan tercatat sebesar 10,45% (yoy). Kondisi

perbankan tetap terjaga di tengah tingginya risiko yang

berpotensi menggangu stabilitas sistem keuangan, namun

ketahanan permodalan masih memadai dengan rasio

kecukupan modal (Capital Adequacy Ratio/CAR) yang masih

tinggi sebesar 21,2%, jauh di atas ketentuan minimum yakni

sebesar 8% (sumber : www.bi.go.id).

ANALISIS ATAS KINERJA BANK PADA 2015

Kebijakan Strategis

Pada tahun 2015, kami berupaya seoptimal mungkin dalam

menghadapi tantangan yang ada dalam industri perbankan

nasional. Kami juga telah menerapkan berbagai kebijakan

strategis dalam pengembangan penghimpunan dana, strategi

Laporan Direksi


In the financial sector and generally until the end of 2015, the

condition of Conventional Commercial Bank (BUK) remained

stable, as referred to data from the Financial Services Authority

(OJK), even though there was a decrease in the asset and

Third Party Fund (DPK) growths. Total assets of the national

banking declined 2.1% (qtq), in line with the decrease of DPF

fund of 1.14% (qtq).

Nevertheless, credit disbursed by national banks rose by

2.55% (qtq). The pressure on the domestic financial market

at the end of 2015 reduced as the issue of the increasing Fed

Funds Rate was resolved. Share market and the government

Bonds were strengthening, along with the declining volatility

of the Rupiah exchange rate. The movement of Rupiah

exchange rate also strengthened at the end of 2015 as the

issue of the increasing Fed Funds Rate was resolved and the

perception of domestic risk improved. The increase of the Fed

Funds Rate that had been officially announced in December

2015 further made the Rupiah exchange rate movement go

more stable. This shows that the market has calculated such

policy (http://ojk.go.id).

Meanwhile, according to the monetary policy report of Bank

Indonesia at the of 2015, it is stated that the credit growth at

the end of 2015 still indicated a declining trend at 10.45%

(yoy). Banking performance remained under control despite

such condition that is so risky that it can disrupt the financial

system stability. yet, the capital structure remained strong

with high capital adequacy ratio (CAR) of 21.2%, far above

the minimum threshold of 8% (http://bi.go.id).

ANALySIS ON THE BANK’S PERFORMANcE IN 2015Strategic Policies

We strived to optimally anticipate any challenges in the

national banking industry in 2015. We have also implemented

various strategic policies in developing the collection of third

party fund, credit financing strategy, as well as increasing the









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