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11
PT Bank OCBC NISP Tbk
Financial Performance – First Quarter 2019(Unaudited)
This report is solely for the use of PT. Bank OCBC NISP Tbk. No part of it may be circulated,
quoted, or reproduced for distribution outside the organization without prior written approval from
PT. Bank OCBC NISP Tbk. This material was used by PT. Bank OCBC NISP Tbk.during an oral
presentation; it is not a complete record of the discussion.
2
• First Quarter Performance
• Financial Results
• Corporate Updates
• Appendix
Agenda
3
• NPAT reached Rp 765 billion or increased by 15% YoY in first quarter 2019
• Total Assets grew 10% YoY to Rp 178 trillion per end of March 2019
• Loans rose 6% YoY to Rp 117 trillion per end of March 2019
• Deposits increased 8% YoY to Rp 131 trillion per end of March 2019
• LDR ratio was 89.7% while Loan-to-funding ratio was 85.4% per end of March 2019
• Gross NPL stood at 1.8% per end of March 2019, below the industry average
• CAR maintained at 17.7%, with tier 1 capital ratio of 16.7% per end of March 2019
• Corporate Rating is AAA with stable outlook
• Network coverage was 306 Offices and 707 ATMs along with various digital channels
Executive Summary
Bank OCBC NISP Serves Its Clients Across Indonesia
306 branches including sharia offices in 61 cities
Jabotabek, Banten (130)
West Java (57)
Central Java (21)
East Java (31)
Bali, Lombok, Sumatera, Kalimantan, Sulawesi, Others (67)
Branches
Electronic Channel
4
Kalimantan
SulawesiPapua
Flores
Sumba
Halmahera
Seram
Bali
A variety of mobile banking services available from our
One Mobile app downloadable from Apple App Store & Google Play
Store
A wide variety of online banking services available from our Internet Banking,
easily accessible from https://online.ocbcnisp.com/
Corporate Internet Banking (Velocity) is a web based
application to support Customer’s business activity
both financial and non financial transaction
https://newvelocity.ocbcnisp.com/
707 ATM OCBC NISP and access to:
more than 190,000 ATM Network in Indonesia
more than 797 ATM OCBC Group Network in Singapore and Malaysia
Hotline Treasury
08001 111 898
Corporate Website -www.ocbcnisp.com
Bali
Rp. billion 1Q18 4Q18 1Q19 QoQ YoY
Net Interest Income 1,551 1,603 1,541 (4%) (1%)
Non Interest Income 386 440 456 4% 18%
Operating Income 1,937 2,043 1,997 (2%) 3%
Operating Expenses (885) (887) (904) 2% 2%
Pre Provision Operating Profit 1,052 1,156 1,093 (5%) 4%
Provision Expense (175) (356) (96) (73%) (45%)
Non Operating Income - Net - (2) 1 159% NM
Profit Before Tax 877 798 998 25% 14%
Net Profit After Tax 663 605 765 27% 15%
Income Statement Highlights
5
Rp. billion 1Q18 4Q18 1Q19 QoQ YoY
Placement in other Bank (net) 1) 2,240 5,264 5,487 48% 145%
Marketable Securities 2) 31,670 32,222 32,796 - 4%
Loans (gross) 3) 110,746 117,835 117,484 - 6%
Impairment Allowance (4,325) (4,344) (4,405) 1% 2%
Total Assets 161,554 173,583 177,529 4% 10%
Current Account 24,441 22,320 26,696 10% 9%
Savings 17,878 23,546 23,470 18% 31%
Time Deposit 78,813 79,694 80,372 5% 2%
Total Customer Deposits 3) 121,132 125,560 130,538 8% 8%
Marketable Securities Issued 4,916 4,373 4,376 - (11%)
Subordinated Debt - 144 142 - -
Total Liabilities 139,161 149,155 152,179 2% 9%
Equity 22,393 24,428 25,350 11% 13%
Note: 1) Including Placement in Bank Indonesia
2) Exclude Securities purchase under resale agreement
3) Including Sharia products
Financial Position Highlights
6
% 1Q18 4Q18 1Q19 QoQ YoY
Net Interest Margin 4.2 4.0 3.9 (0.1) (0.3)
Non Int. Income / Operating Income 19.9 21.6 22.8 1.2 2.9
Cost / Income 45.7 43.4 45.3 1.9 (0.4)
ROA 2.2 1.9 2.3 0.4 0.1
ROE 12.3 10.4 12.6 2.2 0.3
Loan / Deposit 91.1 93.5 89.7 (3.8) (1.4)
Loan / Funding 1) 87.6 88.9 85.4 (3.5) (2.2)
CASA / Deposit 34.9 36.5 38.4 1.9 3.5
NPL – Gross 1.7 1.7 1.8 0.1 0.1
NPL – Net 0.7 0.8 0.9 0.1 0.2
Loan Loss Provision (LLP) / NPL 228.0 213.9 203.8 (10.1) (24.2)
NOP 6.4 5.1 10.4 5.3 4.0
CAR 17.0 17.6 17.7 0.1 0.7
Note:
1) Funding includes Customer Deposits, Bonds, Subordinated Debt and Borrowings
Key Ratios
7
1,551 1,596 1,628 1,603 1,541
1Q18 2Q18 3Q18 4Q18 1Q19
Foreign Exchange
Gain
2019: 25%
2018: 30%
Net Interest IncomeIDR billion
Non-Interest Income 2019: Rp 456 billion
2018: Rp 386 billion
Non-Interest Income by TypeFirst Quarter
*) Including Mutual Funds, Remittance, e-channel and Other fee
Net Interest
Margin
NIM recorded at 3.9% in 1Q 2019 along with diversified
Non-Interest Income channels
Trade Finance
2019: 9%
2018: 12%
Deposit
Administration
2019: 4%
2018: 5%
Bancassurance
2019: 6%
2018: 8%
Others *)
2019: 11%
2018: 13%
Gain from Sale of
Marketable
Securities
2019: 24%
2018: 10%
Credit Related
2019: 21%
2018: 22%
8
4.2% 4.1% 4.3% 4.0%3.9%
1,997 2,0431,937
1,7902,019
885 866 875 887 904
1Q18 2Q18 3Q18 4Q18 1Q19
60% 58% 63% 61% 62%
39% 37% 38% 42% 40%
Operating Expense and Operating IncomeIDR billion
Operating Income Employee Expense General Administration Expenses
Cost to
Income Ratio
▼
Cost-to-Income Ratio at 45.3% in 1Q 2019
45.3%43.4%43.3%
48.4%45.7%
9
45% 47% 48% 47% 48%
41%41%40%40%42%
11%12%12%13%13%
1Q18 2Q18 3Q18 4Q18 1Q19
Working Capital Investment Consumer
Services
2019: 17%
2018: 17%
Loans CompositionIDR billion
Note: Consumer loans includes Employee loan
Loans by Sector31 March
Outstanding loans2019: Rp 117,484 billion
2018: Rp 110,746 billion
*) “Others” category Including Consumer loans
119,906117,835 117,484
110,746116,924
Total loans increased by 6% YoY to Rp 117 trillion on the
back of diversified loans growth
Manufacturing
2019: 28%
2018: 27%
Others *)
2019: 13%
2018: 15%
Construction
2019: 4%
2018: 3%
Agricultural
& Mining
2019: 13%
2018: 13%
Trading
2019: 25%
2018: 25%
10
Loans by Geography 31 March
Loans by Currency31 March
Outstanding loans2019: Rp 117,484 billion
2018: Rp 110,746 billion
Outstanding loans2019: Rp 117,484 billion
2018: Rp 110,746 billion
Sumatera
2019: 9%
2018: 9%
East Java
2019: 11%
2018: 11%
Central Java
2019: 2%
2018: 2%
West Java
2019: 13%
2018: 12%
Jakarta
2019: 62%
2018: 62%
Sulawesi
& Others
2019: 2%
2018: 2%
Kalimantan
2019: 1%
2018: 2%
The bank loans were spread over regions where most of
economic activities are undertaken
Rupiah
2019: 78%
2018: 74%
Foreign
currencies
2019: 22%
2018: 26%
11
166.2153.1 159.1 161.3
61.8
59.4
153.5
61.5 52.650.3
1Q18 2Q18 3Q18 4Q18 1Q19
General Specif ic
96.1% 96.0% 95.8%96.6% 96.6%
2.2%
2.2% 2.4% 1.7% 1.6%1.7%1.8% 1.8% 1.7% 1.8%
1Q18 2Q18 3Q18 4Q18 1Q19
Current Special mention NPL Gross
Loan Collectibility% Outstanding loans
Loan Loss Provision (LLP) / NPL
%
Net NPL
220.6213.9
203.8
228.0
212.5
Gross NPL stood at 1.8%, while Net NPL was at 0.9%
0.7% 0.7% 0.7%0.8% 0.9%
119,906 117,835 117,484110,746
116,924
12
Deposit CompositionIDR billion
Deposit and Funding by Currency31 March
Total Deposit2019: Rp 130,538 billion
2018: Rp 121,132 billion
Total Funding2019: Rp 137,036 billion
2018: Rp 126,048 billion
Note: Funding includes Customer Deposits, Bonds, Borrowings and Subordinated Debt
20% 20% 20% 18% 20%
15% 17% 18% 19%18%
65% 63% 62%63%
62%
1Q18 2Q18 3Q18 4Q18 1Q19
Current Account Savings Time Deposits
118,444125,560
130,538121,132 120,509
Rupiah
2019: 72%
2018: 77%
Foreign
currencies
2019: 28%
2018: 23%
Rupiah
2019: 73%
2018: 78%
Foreign
currencies
2019: 27%
2018: 22%
Total CASA represented 38.4% of Third party funds
13
87.6%
92.4%96.4%
88.9%85.4%
91.1%
96.7%100.9%
93.5%89.7%
Loan-to-Deposit Ratio
▼
Loans, Third Party Fund and FundingIDR billion
Note:
Funding includes Customer Deposits, Bonds, Subordinated Debt and Borrowings
▲Loan-to-Funding Ratio
LDR was at 89.7%, while Loan-to-Funding ratio was
85.4% at end of 1Q 2019
117,484117,835119,906116,924110,746
130,538125,560
118,444120,509121,132123,939126,105126,048
132,057 137,036
1Q18 2Q18 3Q18 4Q18 1Q19
Loans Deposit Funding
14
Daily share price and trading volumeNISP IJ
Source: IDX
Share price (Rupiah)Daily trading volume (Thousand)
Ownership StructureAs of 31 March 2019
Number of
shares
Ownership
OCBC Overseas
Investment Pte. Ltd*)
19,521,391,224 85.1%
Public 3,423,905,748 14.9%
Total 22,945,296,972 100.0%
ValuationIDR
Mar 18 Jun 18 Sep 18 Dec 18 Mar 19
Share Price 938 850 830 855 900
PBV 1.0x 0.9x 0.8x 0.8x 0.8x
EPS Quarterly 29 36 30 30 33
Note: *) OCBC Overseas Investment Pte. Ltd is owned by OCBC Bank, Singapore. OCBC Bank is Singapore’s longest established bank (est. 1912) and one of
Asia’s leading financial services groups, with group assets of SGD468 billion as of 31 December 2018 and employs more than 29,000 staff globally and
has a banking network of more than 570 branches and representative offices in 19 countries and territories.
Share Price
▼
Source: Bloomberg
Share Price and Credit RatingsRating
PEFINDO
Feb 2019
Corporate Rating idAAA / Stable
Continuous Bonds II and III idAAA / Stable
Fitch Ratings
April 2019
National Long-term AAA (idn) / Stable
National Short-term F1+ (idn)
Long-term Foreign Currency
Long-term Local Currency
BBB / Stable
A / Stable
Short-term Foreign Currency F 2
Continuous Bonds II and III
Viability Rating
Support Rating
AAA (idn)
Bb+
2
15
• First Quarter Performance
• Financial Results
• Corporate Updates
• Appendix
Agenda
16
Consumer Banking
• Intensifying Tanda 360o plus and Taka campaign to acquire more new customers.
• Intensifying internet and mobile banking campaign, especially One Mobile OCBC NISP - an innovative mobile
banking app, to acquire more new users.
• Bank OCBC NISP partners up with Health Care and Social Security Agency (BPJS Kesehatan) by providing
Supply Chain Financing (SCF) scheme to support positive cash flow among BJPS Kesehatan Health Facility
Partners.
• Bank OCBC NISP introduces an innovative banking service concept in Bali by presenting Premium Guest House.
• Launched mutual funds product; such as Reksa Dana Terproteksi Mandiri Seri 180.
• Expanded the bank’s presence in high traffic areas to support and accelerate digital acquisition through Mobile
Sales Acquisition Program.
Business Initiatives
17
Corporate Social Responsibility
Young Entrepreneurship Spirit (YES) Workshop
In February 2019, Bank OCBC NISP together with Karya Salemba
Empat (KSE) held Young Entrepreneurship Spirit (YES) Workshop in
Cirebon, which was attended by 31 Participants. 5 #ONvolunteer from
Bank OCBC NISP participated in this program as mentor and judge,
helping the participants to sharpen their business plan.
Financial Literacy Education Workshop
Bank OCBC NISP held a financial literacy education events using
edugames, Smart Future for total of 285 students from State High
School, Vocational High School and University in Jakarta, Bandung and
Depok from January to March 2019. In addition, the Bank also held the
same program for journalists from 8 media in March 2019. 53
employees participated as #ONvolunteer in the above financial literacy
education events.
18
Accolades
19
.
2nd Satisfaction Loyalty Engagement Awards 2019
by Infobank Magazine and Marketing Research Indonesia (MRI) in March 2019
Categories:
- Rank III Engagement for Conventional Commercial Bank BUKU 3
- Rank III Net Promoter Score for Conventional Commercial Bank BUKU 3
- Rank I Satisfaction for Conventional Commercial Bank BUKU 3
- Rank I Satisfaction (Teller) for Conventional Commercial Bank BUKU 3
- Rank III Satisfaction (ATM) for Conventional Commercial Bank BUKU 3
- Rank II Loyalty for Conventional Commercial Bank BUKU 3
World’s Best Banks by Consumer Endorsement
by Forbes Magazine and Statista, New York
in March 2019
Category: One of “World’s Best Banks 2019” in the country Indonesia
Human
Capital
Others
• Team-up Senior executive OCBC Bank Singapore in Board of
Commissioners and Board of Directors OCBC NISP.
• Transfer knowledge throughout comprehensive training program,
business event, comparative studies, job attachment and guest
auditors.
• Provide capital support
• Create synergy to better support financing and transaction service
needs for customers
• Collaboration to build new capabilities in offering customer solutions
and services – inside and outside Indonesia
• Enhance Op & IT governance as well as information technology
implementation, while improving operational excellence
• Speedy remittances between Singapore and Indonesia aside from
Link-up ATM in Singapore and Indonesia.
Supports from Controlling Shareholder
20
• First Quarter Performance
• Financial Results
• Corporate Updates
• Appendix
Agenda
21
Vision
Mission
To be the Bank of choice with world-class standards, recognized for
its care and trustworthiness.
Bank OCBC NISP will conduct its business and will operate as an
honorable corporate citizen that grows together with the society in a
sustainable manner.
Vision and Mission
22
• Fourth oldest bank in Indonesia was incorporated in 1941.
• Listed its shares on Indonesia Stock Exchange in 1994.
• Transformed the entire organization subsequent to adopted a new name PT Bank OCBC
NISP Tbk. by the end 2008.
• The merger with Bank OCBC Indonesia was completed on 7 February 2011 resulting in
one single banking entity and franchise for the group in Indonesia
• For over 78 years, the Bank has survived through any Indonesia economic crisis.
• The Indonesia’s eight largest bank at the end of December 2018.
• Currently employs 6,013 dedicated staff to serve customers in 61 cities across Indonesia
throughout 306 offices and 707 ATMs.
• Focus on serving the segment of SME and Retail.
• Solid financial performance with strong capital support from OCBC Bank Singapore.
Fact of OCBC NISP
23
Pramukti Surjaudaja
President Commissioner– President Commissioner, Board of Commissioners, Bank OCBC NISP
since 2008
– President Director Bank OCBC NISP (1997-2008)
– Director of Bank OCBC NISP (1989-1997)
– Commissioner of Bank OCBC Indonesia (1997-2000)
– Council Member, South East Asia Council, INSEAD, France, since
2006
– Non Executive Director at OCBC Bank-Singapore since 2005
Peter Eko Sutioso
Deputy President Commissioner (Independent Commissioner)– Deputy President Commissioner of Bank OCBC NISP since 1998
– Commissioner Bank OCBC NISP (1997-1998)
– Director of Bank NISP (1972-1997)
– Active in Perbanas (Indonesian Banking Association) West Java as
Chairman of Perbanas West Java (1983-1988), and active in BMPD
West Java (1977-1990)
Jusuf Halim
Independent Commissioner– Independent Commissioner of Bank OCBC NISP since 2006
– Chairman of CPA Examination Board, the Indonesian Institute of
Accountants (2003-2007)
– Chairman of Financial Accounting Standards Committee (1994-1998)
– Member of Honorary Board-the Indonesian Institute of Audit
Committee (2010-2016)
Lai Teck Poh
Commissioner– Commissioner of Bank OCBC NISP since 2008
– Non Executive Director in OCBC Bank (Malaysia) Bhd since
2011
– Non Executive Director in OCBC Bank Ltd since 2010
– OCBC Bank Ltd (1988-2010) with latest management
position as Head, Group Audit
– Managing Director, Citicorp Investment Bank (Singapore)
Ltd (1986-1987)
Kwan Chiew Choi
Independent Commissioner– Commissioner Bank OCBC NISP since 2011
– Independent Commissioner of Bank OCBC Indonesia (2008-
2010)
– Senior Vice President & Head Credit Control and Approval,
OCBC Bank Ltd (1987-2007)
– Vice President of Corporate Banking, First National Bank of
Chicago (Singapore) (1984-1987)
– Loans Department Manager of Sumitomo Bank Ltd,
Singapore Branch (1973-1982)
Samuel Nag Tsien
Commissioner– Commissioner of Bank OCBC NISP since 2012
– Director of OCBC Wing Hang Bank, Limited since August 2014
– Director of Mappletree Investments Pte. Ltd. since March 2014.
– Chairman of the Association of Banks in Singapore since June 2013
– Joined OCBC Bank Ltd in 2007 and appointed as Group Chief
Executive Officer since April 2012 and as Director since February 2014
– Director of OCBC Bank (Malaysia) Berhard, OCBC Al-Amin Bank
Berhard, Great Eastern Holdings Ltd, and OCBC Overseas Investments
Pte. Ltd since April 2012
– Chairman of OCBC Bank (China) Ltd. since October 2012
– President and Chief Executive Officer of Bank of Amerika (Asia)
Hongkong, from1995-2006
Board of Commissioners as of 31 March 2019
Hardi Juganda
Independent Commissioner– Independent Commissioner of Bank OCBC NISP since
November 2017
– Commissioner of Bank OCBC NISP (July 2012-March 2017)
– Director Bank OCBC NISP (1997-May 2012)
– Head Positions in various branches and divisions of Bank
OCBC NISP (1985-1997)
Betti Setiastuti Alisjahbana
Independent Commissioner– Independent Commissioner of Bank OCBC NISP since
December 2017
– Independent Commissioner of PT Bhinneka Mentari Dimensi
(December 2015 – September 2017)
– Independent Commissioner PT Anabatic Technologies Tbk.
Since March 2015
– Chairman of Trustee Board of Institut Teknologi Bandung
since May 2014.
24
Parwati Surjaudaja
President Director – President Director of Bank OCBC NISP since December 2008
– Deputy President Director Bank NISP (1997-2008)
– Director of Bank NISP (1990-1997)
– Senior Consultant at SGV Utomo/Andersen Consulting (1987-1990)
Emilya Tjahjadi
Managing Director– Director of Bank OCBC NISP since 2011
– Director of Bank OCBC Indonesia (2009-2010)
– SVP and Head Commercial Banking MME at HSBC, Jakarta
(2003-2009)
– American Express Bank Ltd., Jakarta (1996-2002) with last
position as Director of Corporate Banking
– Standard Chartered Group, Jakarta & Singapore (1991-1996)
with last position as Senior Relationship Manager
Hartati
Managing Director (Independent Director)– Director of Bank OCBC NISP since 2011
– Chief Financial Officer of Bank OCBC NISP (2010-2011)
– Assistant Director of Bank OCBC NISP (2008-2010)
– Accounting & Finance Division Head Bank OCBC NISP (2006-2008)
– General Manager Bank OCBC NISP (2005-2006)
– Bank Mandiri (2001-2005) with last position as Accounting Group
Head (Senior Vice President)
– Bank Bali (1984-2001) with last position as Financial Control
Department Head (Vice President)
Andrae Krishnawan W.
Managing Director– Director of Bank OCBC NISP since 2013
– Senior Corporate Executive Bank OCBC NISP (2009-2013)
– Assistant Director of Bank OCBC NISP (2007-2009)
– The Staff Director Bank OCBC NISP (2006-2007)
– Has experience in various positions in Bank International
Indonesia (1991-2006) with last position as Regional Head for
the last 7 years
Board of Directors as of 31 March 2019
25
Martin Widjaja
Managing Director– Director of Bank OCBC NISP since 2012
– SVP & Head of International and Large Local Corporation in HSBC
(2010-2012)
– Senior Vice President, Commercial Banking, HSBC (2006-2010)
– Vice President, Commercial Banking (2004-2006) and Corporate &
Institutional Banking (2003-2004), HSBC
– Assistant Vice President Corporate & Institutional Banking, HSBC
(2002-2003)
– Manager Corporate Banking, HSBC Surabaya (2000-2002)
Johannes Husin
Managing Director– Director of Bank OCBC NISP since 2013
– Treasurer Bank OCBC NISP (2011-2013)
– Executive Vice President, Head of Trading & Sales Bank Danamon
(2008-2011)
– Executive Director – JP Morgan Chase Bank (2005-2008)
– Senior Vice President, Head of Trading Bank Danamon (2004-2005)
– Vice President, Senior Interest Rate Trader-Standard Chartered
Bank (2000-2004)
– Currency Forward Trader-ABN Amro Bank (1998-2000)
– Foreign Exchange Trader-Bank Dagang Nasional Indonesia (1997-
1998)
Board of Directors as of 31 March 2019 (Cont’d)
Mirah D. Wiryoatmodjo
Managing Director– Director of Bank OCBC NISP since June 2018
– Compliance Director of PT Bank Permata Tbk (2010-2018)
– Compliance Director of Citibank NA, Indonesia (2005-2010)
– Vice President of PT Bank Danamon Indonesia Tbk. (2004-2005)
– Senior Manager and Vice President of Citigroup Indonesia (1996-2004)
– Senior Manager of EXCO Nusantara Indonesia (1992-1996)
– Various positions at Bakrie Group
26
Joseph Chan Fook Onn
Managing Director– Director of Bank OCBC NISP since 2014
– OCBC Group Risk Management (Feb-Mar 2014)
– Head of Internal Audit Division, OCBC Bank Malaysia Bhd (2010-
Jan 2014)
– Head of Internal Audit Division, Bank OCBC NISP – Jakarta
(2006-2010)
– Senior Audit Manager – Consumer Credit Review, OCBC Bank –
Singapore (2004-2006)
– Audit Manager, Standard Chartered Bank – Singapore (2000-
2003)
– Have more than 19 years banking experience especially in
Internal Audit.
Low Seh Kiat (Thomas)
Managing Director– Director of Bank OCBC NISP since 2013
– National Emerging Business Division Head Bank OCBC NISP (2010-
2013)
– Vice President, Business Division Head of Emerging Business OCBC
Bank, Singapore (2005-2010)
– VP, Head of Program Management & Marketing OCBC Bank,
Singapore (2004-2005)
– VP-GE Commercial Financing (S) Ltd, Singapore (2001-2004)
– Has experience in various head positions in Heller Factoring (S) Ltd,
Singapore (1995-1997) and Heller Asia Capital (S) Ltd, Singapore
(1998-2000)
– Sales Manager – D&D International Enterprise Ltd, USA (1992-1994)
Corporate Planning & Development
PT. Bank OCBC NISP Tbk
OCBC NISP Tower, 15th Floor
Jl. Prof. Dr. Satrio Kav. 25, Jakarta 12940
Phone : +62 21 255 33 888
Fax : +62 21 579 44 000
Website : www.ocbcnisp.com
Email : [email protected]
27