PT Bank OCBC NISP Tbk Financial Performance Full Year 2017 (Audited)

Transcription

1 PT Bank OCBC NISP Tbk Financial Performance Full Year 2017 (Audited) 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. 1

2 Agenda Full Year Performance Financial Results Corporate Updates Appendix 2

3 Executive Summary NPAT reached Rp 2,176 billion or increased by 22% YoY in 2017 Total Assets grew 11% YoY to Rp 154 trillion per end of 2017 Loans outstanding rose 14% YoY to Rp 106 trillion per end of 2017 Deposits increased 10% YoY to Rp 113 trillion per end of 2017 LDR ratio was 93.4% while Loan-to-funding ratio was 88.6% per end of 2017 Gross NPL stood at 1.8% per end of 2017, below the industry average CAR maintained at17.5 % per end of 2017, above the minimum requirement Corporate Rating is AAA with stable outlook Network coverage was 338 Offices and 758 OCBC NISP ATMs 3

4 Bank OCBC NISP Serves Its Clients Across Indonesia Branches 338 branches including sharia offices in 61 cities Kalimantan Sulawesi Bali Flores Sumba Halmahera Seram Papua Jabotabek, Banten(150) West Java (60) Central Java (24) East Java (34) Bali, Lombok, Sumatera, Kalimantan, Sulawesi, Others (70) Electronic Channel Call Centre Avariety ofonline and mobile banking services through m.ocbcnisp.com 758ATM OCBC NISPand access to: more than 179,000ATM Network in Indonesia more than 900 ATM OCBC Group Network in Singapore and Malaysia 987EDC OCBC NISP and access tomore than 438,000 EDC Network Hotline Treasury Corporate Website - 4

5 Income Statement Highlights IDR billion YoY 1Q17 2Q17 3Q17 4Q17 QoQ Net Interest Income 5,393 6,039 12% 1,413 1,515 1,537 1,574 2% Non Interest Income 1,416 1,513 7% (4%) Operating Income 6,809 7,552 11% 1,754 1,937 1,920 1,941 1% Operating Expenses (3,151) (3,363) 7% (804) (847) (826) (886) 7% Pre Provision Operating Profit 3,658 4,189 15% 950 1,090 1,094 1,055 (4%) Provision Expense (1,316) (1,311) - (205) (342) (377) (387) 3% Non Operating Income - Net 9 - NM Profit Before Tax 2,351 2,878 22% (7%) Net Profit After Tax 1,790 2,176 22% (6%) 5

6 Financial Position Highlights IDR billion YoY 1Q17 2Q17 3Q17 4Q17 QoQ Placement in other Bank (net) 1) 3,442 4,836 41% 3,727 4,361 4,247 4,836 14% Marketable Securities 2) 26,726 26,831-30,102 21,834 26,297 26,831 2% Loans (gross) 3) 93, ,349 14% 94, , , ,349 3% Impairment Allowance (3,115) (4,160) 34% (3,279) (3,598) (3,772) (4,160) 10% Total Assets 138, ,774 11% 143, , , ,774 3% Current Account 24,512 26,138 7% 26,305 28,952 27,474 26,138 (5%) Savings 16,289 17,581 8% 16,710 17,225 18,145 17,581 (3%) Time Deposit 62,759 69,722 11% 66,643 60,060 69,138 69,722 1% Total Customer Deposits 3) 103, ,441 10% 109, , , ,441 (1%) Marketable Securities Issued 3,899 6,149 58% 3,231 2,395 4,392 6,149 40% Subordinated Bonds NM Total Liabilities 118, ,990 11% 123, , , ,990 3% Equity 19,506 21,784 12% 20,160 20,695 21,333 21,784 2% Note: 1) Including Placement in Bank Indonesia 2) Exclude Securities purchase under resale agreement 3) Including Sharia products 6

7 Key Ratios % YoY 1Q17 2Q17 3Q17 4Q17 QoQ Net Interest Margin (0.1) (0.1) Non Int. Income / Operating Income (0.8) (1.0) Cost / Income (1.8) ROA (0.2) ROE (0.8) Loan / Deposit 1) Loan / Funding 1) Loan / Funding 2) CASA / Deposit (0.9) (1.3) NPL Gross (0.1) (0.1) NPL Net (0.1) (0.2) Loan Loss Provision (LLP) / NPL NOP CAR (0.8) (0.2) Note: 1) Loan-to-Deposit calculation and Loan-to-Funding according to guideline from Regulator 2) Funding includes Customer Deposits and Bonds 7

8 NIM recorded at 4.5% in 2017 along with diversified Non- Interest Income channels Net Interest Income IDR billion Non-Interest Income by Type Full Year 4.6% Net Interest Margin 4.5% 4.6% 6, % 4.7% Net Interest Margin 4.5% 4.4% Gain from Sale of Marketable securities 2017: 21% 2016: 17% Trade Finance 2017: 11% 2016: 10% Credit related 2017: 21% 2016: 16% 5,393 1,415 1,413 1,515 1,537 1,574 Bancassurance 2017: 9% 2016: 8% Foreign Exchange Gain 2017: 21% 2016: 31% Others *) 2017: 12% 2016: 13% Deposit Administration 2017: 5% 2016: 5% Q16 1Q17 2Q17 3Q17 4Q17 Non-Interest Income 2017: Rp 1,513 billion 2016: Rp 1,416 billion *) Including Wealth Mgt, Remittance, e-channel and Other fee 8

9 Cost-to-Income Ratio improved to 44.5% in 2017 Operating Expense and Operating Income IDR billion 6,809 Cost to Income Ratio 46.3% 44.5% 7, % 45.8% 43.7% 43.0% Cost to Income Ratio 45.6% 3,151 40% 3,363 38% 1,731 1,754 1,937 1,92 0 1,941 60% 62% % % % % % 56% 62% 62% 62% 61% Q16 1Q17 2Q17 3Q17 4Q17 Operating Income Employee Expense General Administration 9

10 Total loans increased by 14% YoY to Rp 106 trillion on the back of diversified loans growth Loans Composition IDR billion Loans by Sector 31 December 93,363 94,496 14% 14% 100,555 13% 103,346 14% 106,349 13% Manufacturing 2017: 27% 2016: 28% Trading 2017: 26% 2016: 25% 40% 41% 46% 45% 42% 41% 42% 45% 45% 45% Others *) 2017: 14% 2016: 15% Agricultural & mining 2017: 13% 2016: 13% Construction 2017: 3% 2016: 2% Services 2017: 17% 2016: 17% 4Q16 1Q17 2Q17 3Q17 4Q17 Working Capital Investment Consumer Note: Consumer loans includes Employee loan Outstanding loans 2017: Rp 106,349 billion 2016: Rp 93,363 billion *) Others category Including Consumer loans 10

11 The bank loans were spread over regions which most of economic activities are undertaken Loans by Geography 31 December Loans by Currency 31 December Jakarta 2017: 61% 2016: 60% Rupiah 2017: 74% 2016: 74% Sulawesi & Others 2017: 2% 2016: 3% Kalimantan 2017: 2% 2016: 2% Sumatera 2017: 9% 2016: 10% East Java 2017: 11% 2016: 10% West Java 2017: 12% 2016: 13% Central Java 2017: 3% 2016: 2% Foreign currencies 2017: 26% 2016: 26% Outstanding loans 2017: Rp 106,349 billion 2016: Rp 93,363 billion Outstanding loans 2017: Rp 106,349 billion 2016: Rp 93,363 billion 11

12 Gross NPL stood at 1.8%, while Net NPL was at 0.7% Loan Collectibility % Outstanding loans Loan Loss Provision (LLP) / NPL % Net NPL 0.8% 0.8% 0.9% 0.9% 0.7% 93, % 1.4% 94, % 1.5% 100, % 1.5% 103, % 1.9% 106, % 2.0% % 96.6% 96.6% 96.2% 96.2% Q16 1Q17 2Q17 3Q17 4Q17 Current Special mention NPL Gross 4Q16 1Q17 2Q17 3Q17 4Q17 General Specific 12

13 Total CASA represented 38.5% of Third party funds Deposit Composition IDR billion Deposit and Funding by Currency 31 December Rupiah 2017: 73% 2016: 67% 103, , , , ,441 Foreign currencies 2017: 27% 2016: 33% 60% 61% 57% 60% 61% Total Deposit 2017: Rp 113,441 billion 2016: Rp 103,560 billion Rupiah 2017: 74% 2016: 69% 16% 15% 16% 16% 16% 24% 24% 27% 24% 23% 4Q16 1Q17 2Q17 3Q17 4Q17 Current Account Savings Time Deposits Foreign currencies 2017: 26% 2016: 31% Total Funding 2017: Rp 119,589 billion 2016: Rp 108,338 billion Note: Funding includes Customer Deposits and Bonds 13

14 LDR was at 93.4%, while Loan-to-Funding ratio was 88.6% at the end of 2017 Loans, Third Party Fund and Funding IDR billion Loan-to-Deposit Ratio 89.9% 85.9% 94.3% 89.8% 93.4% Loan-to-Funding Ratio 85.9% 82.8% 92.3% 86.5% 88.6% 113, , , ,560 93,363 94, , , , , , , , , ,349 4Q16 1Q17 2Q17 3Q17 4Q17 Loans Deposit Funding Note: Funding includes Customer Deposits and Bonds. 14

15 Share Price and Credit Ratings Daily share price and trading volume NISP IJ Rating Daily trading volume (Thousand) Share Price Share price (Rupiah) PEFINDO Feb 2017 Fitch Ratings April 2017 Corporate Rating Continuous Bonds I and II National Long-term National Short-term idaaa / Stable idaaa / Stable AAA (idn) / Stable F1+ (idn) Long-term Foreign Currency BBB / Stable Long-term Local Currency A-/ Stable Short-term Foreign Currency F 3 Continuous Bonds I and II Viability Rating Support Rating AAA (idn) bb 2 Source: Bloomberg Valuation IDR Dec 16 Mar 17 Jun 17 Sep 17 Dec 17 Ownership Structure As of 31 December 2017 Number of shares Ownership Share Price 2,070 1,870 1,800 1,865 1,875 PBV 1.2x 1.1x 1.0x 1.0x 1.0x EPS Quarterly Source: Bloomberg Note: OCBC Overseas 9,760,695, % Investment Pte. Ltd *) Public 1,711,952, % Total 11,472,648, % *) 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 SGD 439 billion as of 30 September 2017 and employs more than 29,000 staff globally and has a banking network of over 600 branches and representative offices in 18 countries and territories. 15

16 Agenda Full Year Performance Financial Results Corporate Updates Appendix 16

17 Business Initiatives Consumer Banking - Intensifying Tanda 360 o and Taka campaign to acquire more new customers. - Intensifying internet and mobile banking campaign to acquire more new users. - Launched Voyage Credit Card, the first metal credit card in Indonesia with premium concierge service which exclusively designed for the highly affluent customers, including business owners, professionals, and executives. - MOU Signing Ceremony for strategic partnership between Bank OCBC NISP & Mastercard in order to encourage digital payment among debit card users. - Launched Tanda 360 Plus, which is a savings account with 12 currencies in one account. - Officially licensed by PT Kustodian Sentral Efek Indonesia (KSEI) as an administrator Bank Rekening Dana nasabah (RDN). RDN is an account that must be owned by investors related to the sale and purchase of capital market securities through securities companies. - Launched various Mutual Fund products ie. Batavia Proteksi Cemerlang - Launched Referensi Kontrak Pengelolaan Dana & Reksa Dana Penyertaan Terbatas. 17

18 Business Initiatives (Cont d) Private Banking Bank OCBC NISP has announced the launch of its private banking service. The establishment of OCBC NISP Private Banking strengthens the bank s position as a leading wealth management services provider and also as strategic step to provide comprehensive financial solutions to the affluent segment in Indonesia. OCBC NISP Private Banking offers the integrated solutions from various type of products and services, both banking and non-banking, in Indonesia and abroad. 18

19 Corporate Action Continuous Public Offering Bonds II Bank OCBC NISP Phase II Year 2017 To diversify funding, Bank OCBC NISP raised Rp 2,002,000,000,000 through the Continuous Public Offering Bonds II Bank OCBC NISP Phase II Year The bonds issued in 3 series, namely: Series A for a term 370 days in the amount Rp 1,248 billion with a 6.75% interest rate, Series B for a term 2 years in the amount Rp 300 billion with a 7.30% interest rate, Series C for a term 3 years in the amount Rp 454 billion with a 7.70% interest rate. The proceeds was fully used for loans expansion. Continuous Public Offering Bonds II Bank OCBC NISP Phase III Year 2017 To diversify funding, Bank OCBC NISP raised Rp 1,759,000,000,000 through the Continuous Public Offering Bonds II Bank OCBC NISP Phase III Year The bonds issued in 3 series, namely: Series A for a term 370 days in the amount Rp 975 billion with a 6.15% interest rate, Series B for a term 2 years in the amount Rp 175 billion with a 6.75% interest rate, Series C for a term 3 years in the amount Rp 609 billion with a 7.20% interest rate. The proceeds are being used entirely for loans expansion. 19

20 Corporate Social Responsibility Smart Future As part of Participation to National Financial Inclusion program conducted by OJK, Bank OCBC NISP held an Education Game called Smart Future with participant of students as well as local media in several cities in Indonesia. Refurbish Public Facilities Bank OCBC NISP donated money by refurbrishing public facilities, such as renovation of Futsal Field Tanaka & Basketball Court Taman Nostalgia in Kupang, Nusa Tenggara Timur Scholarship Program In Partnership with Karya Salemba Empat (KSE), Bank OCBC NISP provided Scholarship for the state universities students. Simple Financial Education for Housewife In collaboration with Sharia Business Unit, Bank OCBC NISP conducted a Simple Financial Education Workshop for Housewife. This program was held at OCBC NISP Tower on 15 th June 2017 with 200 participants. 20

21 Corporate Social Responsibility (Cont d) Partnership with Persatuan Istri Purnawirawan Angkatan Laut (PIPAL) / Navy Veteran Spouse Organization. Bank OCBC NISP Supported Entrepreneurship program that were run by the Navy Veteran s spouse and distributed scholarship for Navy Veteran s children. Eid Al-Adha Supported Eid Al-Adha celebration in 4 Mosques around OCBC NISP office on 1 st September Joint CSR with OCBC Singapore Provided electricity for 100 households and built village library in Girimukti Village, Cipongkor Bandung on 26 October employees from Bank OCBC NISP and OCBC Singapore participated in this program. Talkshow with Experts: Health Education & Self Empowerment Bank OCBC NISP held a talkshow with Experts regarding health education and self empowerment which attended by 67 youths with thalassaemia (school drop out). The event was held at OCBC NISP Learning Center Bandung on November Donation for Children with Thalassaemia Bank OCBC NISP donated in order to help medication, education and recreation expenses for 100 children with thalassaemia in Tasikmalaya, garut and Palembang. 21

22 Accolades. PERTAMA DI INDONESIA 2017 (FIRST IN INDONESIA) Award by TRAS N CO Research in March 2017 OCBC NISP Voyage as First Metal Card in Indonesia The Global CSR Summit & Awards 2017 by The Pinnacle Group International in March 2017 Best Governed & Most Transparent Company Indonesia Green Award by School of La Tofi in May 2017 Save Earth for Better Future Program for category of Save the water resource Banking Service Excellence by Infobank Magazine in June st Rank ATM Syariah Business Unit Indonesia Sharia Finance Award by Warta Ekonomi Magazine in June 2017 Special Mention for The Best Sharia Mortgage Scheme Digital Innovation Award by Warta Ekonomi Magazine in June 2017 for Category of Bank Buku III 22

23 Accolades (Cont d) Retail Banking Award by Asian Banking & Finance -Singapore in July SME Bank of The Year Indonesia -International Retail Bank of The Year Indonesia -Credit Card Initiative of the Year Indonesia Wholesale Banking Award by Asian Banking & Finance Singapore in July Indonesia Domestic Technology & Operation Bank of The Year -Indonesia Domestic Foreign Exchange Bank of The Year Indonesia Country Award by Asian Banker Singapore in July Best SME Bank of The Year - Best Corporate Payment Project Best emark Award by SWA Magazine - Indonesia in September 2017 Top 3 Category Financial Institution - Bank Bisnis Indonesia Financial Award by Bisnis Indonesia in September 2017 Best Performing Bank Buku III Indonesia Banking Award by Tempo Magazine - Indonesia in September 2017 The Best Bank in Retail Banking Service 23

24 Accolades (Cont d) Best of The Best Award by Forbes Magazine - Indonesia in October 2017 Top 50 Companies for 2017 Indonesia Best Banking Brand Award by Warta Ekonomi Magazine - Indonesia in November 2017 Private Foreign Exchange National Bank Corporate Governance Award by Indonesian Institute for Corporate Directorship - Indonesia in November 2017 The Best Responsibility of The Board Indonesia Corporate Reputation Award by Warta Ekonomi Magazine - Indonesia in December 2017 Top 5 Corporate Reputation in Banking Sector with Core Capital Rp 5 30 Trillion Corporate Governance Perception Index Award (CGPI Award) by Indonesian Institute for Corporate Governance - Indonesia in December 2017 Most Trusted Company 24

25 Supports from Controlling Shareholder Human Capital 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. Others Provide capital support Create synergy in better supporting financing and transaction service needs for customers Broaden individual banking propositions including expanding affluent segments 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. 25

26 Agenda Full Year Performance Financial Results Corporate Updates Appendix 26

27 Vision and Mission Vision To be the Bank of choice with world-class standards, recognized for its caring and trustworthiness. Mission 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. 27

28 Fact of OCBC NISP Fourth oldest bank in Indonesia was incorporated in Listed its shares on Indonesia Stock Exchange in Transformed the entire organization subsequent to adopted a new name PT Bank OCBC NISP Tbk. by the end 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 76 years, the Bank has survived through any Indonesia economic crisis. The Indonesia s sixth largest private bank at the end of September Currently employs 6,477 dedicated staff to serve customers in 61 cities across Indonesia throughout 338 offices and 758 ATMs. Focus on serving the segment of SME and Retail. Solid financial performance with strong capital support from OCBC Bank Singapore. 28

29 Board of Commissioners as of 31 December 2017 Pramukti Surjaudaja Chairman Chairman, Board of Commissioners, Bank OCBC NISP since 2008 President Director Bank OCBC NISP ( ) Director of Bank OCBC NISP ( ) Commissioner of Bank OCBC Indonesia ( ) Council Member, International & East Asia Council, INSEAD, France, since 2006 Non Executive Director at OCBC Bank-Singapore since 2004 Peter Eko Sutioso Deputy Chairman (Independent Commissioner) Deputy Chairman of Bank OCBC NISP since 1998 Commissioner Bank OCBC NISP ( ) Director of Bank OCBC NISP ( ) Active in Perbanas (Indonesian Banking Association) West Java as Chairman of Perbanas West Java ( ), and active in BMPD West Java ( ) Samuel Nag Tsien Commissioner Commissioner of Bank OCBC NISP since 2012 Director of Wing Hang Bank, Limited since August 2014 Director of Mappletree Investments Pte. Ltd. since March 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, from Lai Teck Poh (Dua Teck Poh) Commissioner Commissioner of Bank OCBC NISP since 2008 Non Executive Director in OCBC Bank (Malaysia) Bhd since 2011 Director in OCBC Bank Ltd since 2010 OCBC Bank Ltd ( ) with latest management position as Head, Group Audit Managing Director, Citicorp Investment Bank (Singapore) Ltd ( ) 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 ( ) Jusuf Halim Independent Commissioner Independent Commissioner of Bank OCBC NISP since 2006 Chairman of CPA Examination Board, the Indonesian Institute of Accountants ( ) Chairman of Financial Accounting Standards Committee ( ) Member of Advisory Board, the Indonesian Tax Accountants Compartment ( ) Member of Honorary Board-the Indonesian Institute of Audit Committee since 2013 Kwan Chiew Choi Independent Commissioner Commissioner Bank OCBC NISP since 2011 Independent Commissioner of Bank OCBC Indonesia ( ) Senior Vice President & Head Credit Control and Approval, OCBC Bank Ltd ( ) Vice President of Corporate Banking, First National Bank of Chicago (Singapore) ( ) Loans Department Manager of Sumitomo Bank Ltd, Singapore Branch ( ) 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

30 Board of Directors as of 31 December 2017 Parwati Surjaudaja President Director & CEO President Director of Bank OCBC NISP since December 2008 Deputy President Director Bank OCBC NISP ( ) Director of Bank OCBC NISP ( ) Yogadharma Ratnapalasari Managing Director Director of Bank OCBC NISP since 2003 Assistant Director Bank OCBC NISP ( ) Commissioner of PT NISP Sekuritas ( ) Head Positions in various divisions of Bank OCBC NISP ( ) Rama Pranata Kusumaputra Managing Director Director of Bank OCBC NISP since 2006 Assistant Director of Bank OCBC NISP ( ) Region II Coordinator of Bank OCBC NISP ( ) Has experience in various positions in Bank Bali ( ) with last position as General Manager Emilya Tjahjadi Managing Director Director of Bank OCBC NISP since 2011 Director of Bank OCBC Indonesia ( ) SVP and Head Commercial Banking MME at HSBC, Jakarta ( ) American Express Bank Ltd., Jakarta ( ) with last position as Director of Corporate Banking Standard Chartered Group, Jakarta & Singapore ( ) 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 ( ) Assistant Director of Bank OCBC NISP ( ) Accounting & Finance Division Head Bank OCBC NISP ( ) General Manager Bank OCBC NISP ( ) Bank Mandiri ( ) with last position as Accounting Group Head (Senior Vice President) Bank Bali ( ) 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 ( ) Assistant Director of Bank OCBC NISP ( ) The Staff Director Bank OCBC NISP ( ) Has experience in various positions in Bank International Indonesia ( ) with last position as Regional Head for the last 7 years Martin Widjaja Managing Director Director of Bank OCBC NISP since 2012 SVP & Head of International and Large Local Corporation in HSBC ( ) Senior Vice President, Commercial Banking, HSBC ( ) Vice President, Commercial Banking ( ) and Corporate & Institutional Banking ( ), HSBC Assistant Vice President Corporate & Institutional Banking, HSBC ( ) Manager Corporate Banking, HSBC Surabaya ( ) Johannes Husin Managing Director Director of Bank OCBC NISP since 2013 Treasurer Bank OCBC NISP ( ) Executive Vice President, Head of Trading & Sales Bank Danamon ( ) Executive Director JP Morgan Chase Bank ( ) Senior Vice President, Head of Trading Bank Danamon ( ) Vice President, Senior Interest Rate Trader-Standard Chartered Bank ( ) Currency Forward Trader-ABN Amro Bank ( ) Foreign Exchange Trader-Bank Dagang Nasional Indonesia ( ) 30

31 Board of Directors as of 31 December 2017 (Cont d) Low Seh Kiat (Thomas) Managing Director Director of Bank OCBC NISP since 2013 National Emerging Business Head Bank OCBC NISP ( ) Vice President, Business Head of Emerging Business OCBC Bank, Singapore ( ) VP, Head of Program Management & Marketing OCBC Bank, Singapore ( ) VP-GE Commercial Financing (S) Ltd, Singapore ( ) Has experience in various head positions in Heller Factoring (S) Ltd, Singapore ( ) and Heller Asia Capital (S) Ltd, Singapore ( ) Sales Manager D&D International Enterprise Ltd, USA ( ) 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 ( ) Senior Audit Manager Consumer Credit Review, OCBC Bank Singapore ( ) Audit Manager, Standard Chartered Bank Singapore ( ) Have more than 19 years banking experience especially in Internal Audit. 31

32 Corporate Planning & Development PT. Bank OCBC NISP Tbk OCBC NISP Tower, 15 th Floor Jl. Prof. Dr. Satrio Kav. 25, Jakarta Phone : Fax : Website : ir@ocbcnisp.com 32