together, we’ll get

there faster

annual report 2019

Do Good Do Well

The philosophy that serves as our beacon when developing

products and services since the very beginning, putting social
impacts just as important as business achievements.

We see a common thread amongst all stakeholders

throughout our 10 years journey of serving the productive
underprivileged segment in Indonesia. That everyone’s actions
and decisions are made with good intentions, realized faster
with BTPN Syariah.

This becomes the foundation for our branding initiative to

rename all of our products and services in BTPN Syariah into:

 
 
Wujudkan Niat Baik Lebih Cepat
Realizing Good Intention Faster
Tepat is the new
brand name for all
products and
services by
BTPN Syariah
progressive financial
performance growth
 financing growth*

23.7%
capital adequacy ratio (CAR)

44.6%
return of asset (RoA)

13.6%
non-performing financing (NPF-gross)

1.36%

*) Include murabahah receivables, musyarakah financing and funds of qardh

 concentration of productive
poor customers*
(same customers)

17.6%
26.7%

22.0%

cycle 1 cycle 3

productive underprivileged customers

with expenditure below USD3.1/day

*) BTPN Syariah is not the sole determining factor

of the customers’ welfare improvement

percentage of customer’s
children attending school
(same customers)

6.2%
89.2%

84.0%

cycle 1 cycle 3

percentage of firewood usage
(same customers)

47.1%
9.2%

4.9%

cycle 1 cycle 3
 percentage of
customers with no
toilet facilities
positive changes (same customers)

BTPN Syariah uses the Poverty Probability

Index (PPI) to measure changes in the Bank’s
productive underprivileged families.
37.6%
PPI - developed by Innovation for Poverty Action
15.4%
- is a welfare measurement tool for organization
and business entity with a mission to serve the
productive underprivileged community.

PPI is country specific. The Indonesian version of 9.6%

PPI is currently referring to the National Socio-

Economic Survey (SUSENAS) 2010.

Source: www.povertyindex.org/country/indonesia

cycle 1 cycle 3

Productive
underprivileged families
contributed 19.4% of
BTPN Syariah total third
party funds, which grew
by 20,4% yoy
(in trillion rupiah)

0.3 trillion
1,8

1,5

2018 2019
 positive stock performance

share price

435.9%
31 december 2019
Rp4,250

8 may 2018 (IPO)

Rp975
total equity

Rp5.4 trillion
 table of contents

performance highlights 61 composition of shareholders of

4 financial highlights BTPN Syariah
8 share performance 62 about bank BTPN
10 significant events in 2019 62 ownership structure
12 awards 63 corporate action
67 information for shareholders

chapter 01 the report of the management 70 brief history of BTPN Syariah

17 the report of president commissioner

chapter 03 management discussion & analysis
25 the report of president director
77 financial review
33 the report of the sharia supervisory
2
board 78 economic review
80 sharia banking industry review

chapter 02 company profile 81 business review

82 financial performance
41 company information
85 cash flow
41 about BTPN Syariah
89 business and economic 
43 milestones
prospect in 2020
44 organization structure
90 business review
46 the profile of the board of
91 financing
commissioners
94 funding
50 the profile of the board of directors
96 agent banking
55 the profile of the sharia supervisory
board 98 poverty probability
index (ppi) 2019
57 the profile of the board of
commissioners’ committee 100 business development
plan in 2020
 101 operational review 236 self assessment of GCG
102 human capital (hc) implementation

107 operational 250 corporate secretary

110 information technology 258 internal audit report

114 risk management 262 compliance report

264 committee report

chapter 04 daya 287 corporate social responsibility

151 daya program reguler

151 daya program komunitas chapter 06 company data

152 sahabat daya 301 executive officers

3
152 sahabat daya universitas (sdu) 302 products and services

152 Tepat Peduli 304 office network

152 daya in 2020

308 statement of the board of
commissioners and the board of
chapter 05 the good corporate governance
directors
157 the implementation report of good
corporate governance
309 financial statements
174 the corporate governance structure
in BTPN Syariah
190 the board of commissioners, 397 consolidated financial statements
the sharia supervisory board and of the parent company
the board of directors
PT Bank Pensiunan Nasional Syariah Tbk Annual Report 2019
404 financial services authority
(OJK) reference
 financial highlights

2019 2018
Statement of Financial Position

Total Assets 15,383,038 12,039,275

Total productive Assets 13,759,194 10,867,317

Financing - Gross* 8,999,574 7,277,163

Financing - Net* 8,707,455 7,061,214

Third Party Funds**

- Current Accounts 25,248 100,350

- Savings 1,975,515 1,633,286

- Time Deposits 7,445,786 5,878,478

Total Liabilities and Temporary Syirkah Funds 9,989,718 8,042,343

4
Equity 5,393,320 3,996,932

Statement of Profit or Loss and Comprehensive Income

Net Margin Income 3,933,765 3,079,594

Other Operating Income 17,742 13,149

Total Operating Income 3,951,507 3,092,743

Allowance for Impairment Losses on Earnings Assets and Other (309,402) (275,902)

Other Operating Expenses 1,761,041 (1,514,292)

Operating Income - Net 1,881,064 1,302,549

Income Before Tax 1,878,249 1,299,019

(Loss)/Profit from Discounted Operations - -

Net Income 1,399,634 965,311

Total Comprehensive Income for the Year Net of Tax 1,408,218 1,003,747

Basic Earnings Per Share (Full Amount) 182 130

Total income attributable to the owner 1,399,634 965,311

Total comprehensive income attributable to the owner 1,408,218 1,003,747

* Include murabahah receivables, funds of qardh and musyarakah receivables

** Include deposits from customer with wadi’ah akad dan temporary syirkah fund
 in million rupiah, except basic earnings per share

2017 2016 2015

9,156,522 7,323,347 5,196,199

8,198,889 6,303,802 4,548,410 financing growth

23.7%
6,053,273 4,996,812 3,678,027

5,895,616 4,882,956 3,616,028

95,169 13,400 28,755

1,296,350 1,043,452 756,756

5,154,360 4,330,712 3,024,456 capital adequacy ratio

6,901,876 5,730,631 4,032,728 (CAR)
5

44.6%
2,254,646 1,592,716 1,163,471

2,559,653 1,936,172 1,315,469

7,046 4,895 4,834

2,566,699 1,941,067 1,320,303

return of asset
(235,183) (118,559) (61,396) (RoA)
(1,423,255) (1,267,679) (1,008,823)

908,261

908,698
554,829

555,743
250,084

250,444
13.6% PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019
- - (19,149)

670,182 412,495 169,206

655,904 422,473 174,518 non-performing financing

(NPF-gross)
97 59 27

1.36%
670,182 412,495 169,206

655,904 422,473 174,518

 2019 2018
Financial Ratios

Capital Adequacy Ratio (CAR) 44.6% 40.9%

Non-Performing Financing (NPF) Ratio – Gross 1.36% 1.39%

Non-Performing Financing (NPF) Ratio – Net 0.26% 0.02%

Return on Assets (RoA) Ratio 13.6% 12.4%

Return on Equity (RoE) Ratio 31.2% 30.8%

Operating Expenses to Operating Revenues (BOPO) Ratio 58.1% 62.4%

Financing to Deposit Ratio (FDR) 95.3% 95.6%

Compliance Ratio

Percentage of Violation of Legal Lending Limit

6
- Related Parties 0 0

- Non-Related Parties 0 0

Percentage of Lending in Excess of Legal Lending Limit

- Related Parties 0 0

- Non-Related Parties 0 0

Minimum Reserve Requirement (MRR) 4.9% 5.5%

Others

Net Income to Total Operating Income Ratio 35.4% 31.3%

Net Income to Total Assets Ratio 9.1% 8.0%

Net Income to Total Equity Ratio 26.0% 24.2%

Liabilities to Total Equity Ratio 185.2% 201.2%

Liabilities to Total Assets Ratio 64.9% 66.8%

Current Ratio 54.8% 54.5%

Other Key Indicators

Number of Employees 11,495 11,512

Number of Office within Network* 69 69

Number of ATMs 9 9

* Number of Branch Offices. Sub Branch Offices. Operational Functional Offices and Non-Operational Functional Offices
2017 2016 2015

28.9% 23.8% 19.9%

1.67% 1.53% 1.25%

0.05% 0.20% 0.17%

11.2% 9.0% 5.2%

36.5% 31.7% 17.9%

68.8% 75.1% 85.8%

92.5% 92.7% 96.5%

7
0 0 0

0 0 0

0 0 0

0 0 0

5.5% 5.5% 5.5%

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

26.2% 21.3% 12.8%

7.3% 5.6% 3.3%

29.7% 25.9% 14.5%

306.1% 359.8% 346.0%

75.4% 78.2% 77.6%

41.2% 32.9% 31.0%

12,773 11,804 12,712

151 153 113

9 6 -
 share performance
160,000,000

140,000,000

120,000,000

BTPN Syariah officially

listed and traded its
shares on the Indonesia
Stock Exchange on 100,000,000

8 May 2018.

The closing share price

of December 2019 was 80,000,000
Rp4,250.

60,000,000

8
40,000,000

20,000,000

Volume

Closing Price

05/18 06/18 07/18 08/18 09/18 10/18 11/18 12/18

(IPO)

2018
Period Highest (Rp) Lowest (Rp) Closing (Rp) Volume Market Capitalization
(shares) (in million Rp)

May 1,595 975 1,550 13,292,200 11,940,735,00

June 1,585 1,505 1,585 17,237,900 12,210,364,50

July 1,625 1,580 1,615 21,428,800 12,441,475,50

August 1,635 1,580 1,630 11,519,000 12,557,031,00

September 1,665 1,620 1,665 23,965,300 12,826,660,50

October 1,710 1,595 1,705 19,285,500 13,134,808,50

November 1,745 1,645 1,715 14,125,900 13,211,845,50

December 1,880 1,700 1,795 14,677,400 13,828,141,50

 5,000

4,500

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

01/19 02/19 03/19 04/19 05/19 06/19 07/19 08/19 09/19 10/19 11/19 12/19

2019 PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Period Highest (Rp) Lowest (Rp) Closing (Rp) Volume Market Capitalization
(shares) (in million Rp)

January 1,985 1,870 1,985 65,070,300 15,291,844,50

February 2,080 1,975 2,050 16,876,400 15,792,585,00
March 2,240 2,070 2,210 26,703,500 17,025,177,00
April 2,470 2,210 2,470 85,182,800 19,028,139,00
May 2,850 2,400 2,850 56,049,600 21,955,545,00
June 3,450 2,770 3,450 55,584,400 26,577,765,00
July 3,630 3,170 3,170 45,541,700 24,420,729,00
August 3,520 3,160 3,220 36,603,400 24,805,914,00
September 3,320 2,900 3,300 28,574,300 25,422,210,00
October 4,020 3,160 3,840 24,501,600 29,582,208,00
November 4,100 3,760 3,960 4,434,000 30,506,652,00
December 4,310 3,900 4,250 2,918,400 32,740,725,00
 significant events in 2019

7 January

100% Digital for the Field Team

14 February
100% deployment of mProspera for operational
activities by #bankirpemberdaya (bankers Annual General Meeting of Shareholders
who empower). The automation system allows (AGMS)
acceleration and efficiency of business activities
which were conducted manually in the past. This The approval of Shareholders for the Annual Report,
automation also enables data processing to be Ratification of Annual Financial Statement, the
more effective and accurate and thus resulted in an Appropriation of Net Profit, the Appointment of
improved service quality. Public Accountant and Public Accounting Firm for
the accounting year ended 31 December 2019, the
Determination of Salary and Allowances/Honorarium
for the members of the Board of Directors, the Board
of Commissioners and the Sharia Supervisory Board;
and the Accountability Report of Realization of Funds
from the Initial Public Offering (IPO) of BTPN Syariah.

2 September
Extraordinary General Meeting of Shareholders (EGMS) and Annual
Public Expose
10
The Approval of Shareholders for the Changes of the Composition Members of the Board of
Commissioners of BTPN Syariah and the Approval of the Buy Back Shares of BTPN Syariah
in order variable remuneration for the member of the Board of Directors pursuant to POJK
No.59/POJK.03/2017. This was held in parallel with the Public Expose Presentation of the
Financial Performance as of 30 June 2019.

23 October
The Implementation
of BTPN Syariah Stock
Buyback

Following up the EGM’s

resolution on 2 September 2019,
BTPN Syariah repurchased
2,500,000 (two million five
hundred thousands) shares on
23 October 2019.

24 November

Umroh Pilgrimage Program

Over 380 pilgrims boarded a specially chartered flight to the Holy Land courtesy of
BTPN Syariah, as part of BTPN Syariah 5 Year anniversary event series. The pilgrims
were consisted of financing and funding customers who were deemed inspirational to
their communities, and accompanied by #bankirpemberdaya.
9 May

Agreement Signing with Dukcapil

22 July
Signing the Agreement with the Indonesian
Department of Population and Civil Registration “Tepat” Brand Launch
(Dukcapil), between BTPN Syariah and the
Directorate General of Population and Civil Launch of Tepat, a branding initiative to introduce
Registration concerning the use of Population the Bank’s products and services that epitomize
Registration in banking services. the spirit of actualizing good intentions faster.

5 August – 12 December

Roadshow Brand “Tepat” in

12 Cities

Introducing Tepat, a rebranding

initiative for all of BTPN Syariah
products and services. “Tepat”
Roadshow was held in Padang,
Medan, Palembang, Karawang,
Bogor, Garut, Semarang,
Purwokerto, Sleman, Pacitan, Kudus,
Sumenep.
11

10 November

The Implementation of the Tepat Peduli

Komunitas

The implementation of the first Tepat Peduli Komunitas,

where BTPN Syariah collaborated with the selected

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

partners and local communities to build infrastructure
including religious, sanitation, health, environment
and other infrastructure in 1,000 points of the Bank
operational location throughout Indonesia.

12 November

Inauguration of “Tepat Peduli Bencana” School

The “Tepat Peduli Bencana” school inauguration in Lombok, a

synergy between BTPN Syariah and Aisiyah NTB to improve
the welfare of women in Indonesia where children must have
good education. BTPN Syariah renovated and built the function
hall of the Kindergarten and Elementary School of Aisiyah
Foundation located in Banjar village, Ampenan sub-district,
Mataram City. The school was one of the buildings that had
been devastated due to severe earthquake in Lombok.
 awards

The Best Bank in Supporting SMEs

for BOOK 1 & 2 category

Bank Indonesia Award

Bank Indonesia

Jakarta, 28 November 2019

NATIONAL AWARDS

GOLD Rank – 3 category 1. The Best in Effective Financing –

Bank asset > 5T Asset > 20T
2. The Best In Growth Sharia Bank –
12 Indonesia Corporate Secretary-
Communication Award IV Asset > 20T
ECONOMIC REVIEW 3. The Best In Profitability &
22 February 2019 Effeciency – Asset > 20T
Karim Award
KARIM CONSULTING INDONESIA
Syariah Financial Top Leader 2019 4 July 2019
Indonesia Financial Top Leader Award
WARTA EKONOMI
30 April 2019 Best Sharia Bank 2019 –
Sharia Bank with Asset less than
Rp20T category
The Best Human Capital for Sharia
Bank – Public Company Best Syariah
MAJALAH INVESTOR
Indonesia Human Capital Award
22 August 2019
ECONOMIC REVIEW
16 May 2019

1. Rank I - Bank Umum Syariah Bank with Excellent Predicate in

2. Rank II – Tabungan Bank Umum Financial Performance 2018
Syariah
Infobank Awards
Infobank Digital Brand Award MAJALAH INFOBANK
INFOBANK 29 August 2019
16 May 2019

1. Rank 1 - The Best In Finance for

Islamic Bank The Best Performance Sharia
Companies in Indonesia Bank 2019
2. Winner in Finance Category – Infobank Sharia Awards
The Best of The Best in Finance for MAJALAH INFOBANK
Sharia Bank Company 25 October 2019
3. The Best of Finance Director
Indonesia Finance Award
ECONOMIC REVIEW
20 June 2019
 Bank with “Healthy” predicate in 1. The Best in Retail Banking
Sharia Bank BUKU 2 & 3 category Services Sharia Bank
Indonesia Best Bank Award 2. The Best Financial
WARTA EKONOMI Performance Sharia Bank
15 November 2019 Tempo Financial Award
TEMPO
27 November 2019

1. Best Sharia Bank in BUKU 2

category Millenial’s Admirable Brand
2. Sharia Bank for Women Awareness & Brand Image BUKU 2
Empowerment in BUKU 2
RRI Financial Award
category
RRI & ICONOMICS
Anugerah Syariah Republika
5 December 2019
REPUBLIKA
19 November 2019

INTERNATIONAL AWARDS 13

1. Financial Inclusion Award Silver Award – World’s Best

2. Customer Care Award Annual Reports
Global Good Governance Award ARC Awards International
(3G Award) ARC AWARDS
CAMBRIDGE South Korea, 17 October 2019
Jakarta, 14 March 2019

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Best Islamic Bank

for SME Banking
Global Islamic Finance Award
Ebiz

Capetown, 16 September 2019

14
14
 01
the report of
the management
15

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

16
 the report of president commissioner

Serving productive underprivileged customers continues to

drive the bank in embracing more initiatives aiming at providing 17
opportunities for growth, capacity building
and expanded competency

Kemal Azis Stamboel

President Commissioner/Independent

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

 Bismillahirrahmanirrahim

Assalamualaikum Warrahmatullahi Wabarakatuh

Dear Shareholders and all Stakeholders,

It has been an eventful journey of five years for BTPN Syariah as the only Sharia
Commercial Bank that focuses on serving the productive underprivileged families in
Indonesia. Indeed, this is a continuous quest for us to provide them with opportunities
to grow and inspire others by including empowerment drives and skill enhancement in
our effort.

BTPN Syariah’s method, process and action in serving the productive underprivileged
customers have their own uniqueness and are designed in such a way to ensure the
effectiveness for the customers. Not only hindered by distanced geographical areas, the
inadequate infrastructure has frequently become the challenge for #bankirpemberdaya
18 (bankers who empower) to reach the customers.

This certainly requires a thorough planning and readiness from BTPN Syariah to build
the ecosystem, not only through the products and services that suit the needs of the
customers, but also the availability of adequate infrastructure for the customers and
#bankirpemberdaya in the field.

In line with the vision of BTPN Syariah to be the best Sharia Commercial Bank for
financial inclusion, making a difference in the live of millions of Indonesian people, business
achievement does not solely mean good financial performance, moreover on how BTPN
Syariah contribute – through the empowerment activities – enables the productive
underprivileged customers in their journey with BTPN Syariah to have a new perspective
and behaviors that empower themselves to create a more meaningful life.

The Board of Directors Achievement

Many factors influenced the performance of BTPN Syariah in 2019, both external and
internal. In the global environment, the economy only grew by 3% and this impacted
the world economic activity, including Indonesia, particularly the infrastructure sector.
Nevertheless, the Indonesian economy was still relatively better with an estimated of 5%
growth supported by strong household consumption and well-maintained inflation rate.
As a commitment to serve and empower the Only those who imbibed the spirits of Courage to Do
productive underprivileged communities, BTPN Business, Disciplined, Hard Work and Solidarity were
Syariah has actively taken a different approach in proven to be able to change the lives of their families
order to improve the economic activities according and communities. From such process of growing
to the conditions and business growth of the together, the customers characters of honesty,
customers. Therefore, BTPN Syariah must be able to participative and humble were nurtured, which in
find solutions and take specific measures to achieve turn encouraged them to keep learning and strive to
the objectives. be better. This is the added value that BTPN Syariah
want to anchor as a culture for the customers so
In addition to providing access to professional that they will grow to be inspirational customers in
financial services, BTPN Syariah also actively the future.
involves in delivering opportunities for the productive
underprivileged customer to grow, empower and The financial performance of BTPN Syariah in 2019
have more skill set. Such various activities are the was very satisfactory. The total assets of BTPN
endeavors of BTPN Syariah to ensure that nobody is Syariah grew 27.8% to Rp15.4 trillion from Rp12.0
left behind in the development as mandated in the trillion (year on year) and and manage to achieve
Sustainable Development Goals. Financing at Rp9.0 trillion while maintaining the
Non Performing Financing at 1.36%. Overall, in 2019
In this regard, the Board of Commissioners BTPN Syariah managed to book Net Profit After Tax
concluded that the performance of the Board of (NPAT) at Rp1.4 trillion, grew 45.0% from Rp965 billion 19
Directors was very good. The Board of Directors in 2018.
was able to anticipate challenges that have grown
increasingly more complex from time to time, and One of BTPN Syariah’s achievements in 2019 is the
at the same time improved the organizational completion of digital technology implementation
capacity to empower millions of productive as the backbone of operational activities through
underprivileged customers. creation and development of products that are simple
yet secure, and can become the solution to reach
In 2019, BTPN Syariah launched Tepat brand as a the underprivileged communities in remote areas
reflection of all the good intentions brought by all in Indonesia.
stakeholders, whereby BTPN Syariah serves as the
platform to actualize these good intentions. The unique journey of BTPN Syariah to develop the
best solution to its particular customer segments will

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

With #deminiatbaik (for good intention), to realize be difficult to be replicated by other organizations.
good intention faster, BTPN Syariah was eagerly There were many new interesting things that
motivated to develop the new way of delivering BTPN Syariah identified, where the customers
suitable products and services that match with the and #bankirpemberdaya were learning from one
customer’s needs and at the same time building another and sharing experience to create more
the confidence of more than ~5 million productive opportunities in the efforts to improve the welfare
underprivileged women customers who had been of the communities that were not only related to
served until the end of 2019 that they were capable to financial aspects.
create a better life for themselves.
 In 2019, BTPN Syariah facilitated the one-whole plane Umrah Pilgrimage for more than 380 people,
consisting of funding customers, financing customers and #bankirpemberdaya. This was our appreciation
to the inspirational customers who were also expected as the role models that the dream might be
realized when we work together to achieve it.

The Implementation of Good Corporate Governance (GCG)

In line with the growth of the performance of BTPN Syariah that has grown increasingly better, the
quality of the implementation of GCG Manual and GCG best practices has been improving and the
implementation in 2019 was efficient. The standard quality of GCG implementation through supervisory
functions of Internal Audit, Compliance and Risk Management have been running well. BTPN Syariah
has ensured that the realization of commitment for Integrated GCG in financial conglomeration in joint
effort with the parent Bank.

As a financial institution, the working process of BTPN Syariah must be in adherence to the Sharia
principles and in compliance to the policies and regulations as obligated by the regulator and
20 supervisory bodies.

Compliance and code of ethics are the benchmark that are not separable from the operational activities
of BTPN Syariah. Good communication between the Board of Commissioners and the Board of Directors
is one critical element to ensure that the governance and accountability of BTPN Syariah are transparent
and accountable. The application of ‘prudent’ principles is an absolute requirement for BTPN Syariah.
This has frequently been the main direction and suggestion of the Board of Commissioners for the Board
of Directors.

The supervisory function of the Board of Commissioners’ Committee continues to improve. The Board
of Commissioners also actively coordinated with the Sharia Supervisory Board to ensure that the
governance and the process of providing the direction and the supervision to operational activities of
BTPN Syariah is more focused to the objectives.

To manifest the commitment to strengthen the supporting organ of BTPN Syariah, new member of
Audit Committee and Risk Monitoring Committee from Independent Party was appointed to replace the
previous member whose term of office had ended.

In 2019, there was a change in the composition members of the Board of Commissioners with a new
member of the Board of Commissioners with the background in finance, accounting, risk management,
operations and business conglomeration. In addition to strengthening the Main Organ of BTPN Syariah
(the Board of Directors, the Board of Commissioners and the Sharia Supervisory Board), this change was
also expected to strengthen the composition members in Nomination and Remuneration Committee of
BTPN Syariah.
Prospect 2020

In addition to implementing BTPN Syariah Business technology will enable BTPN Syariah to reach more
Plan and the four pillars of the Key Strategic customers, and eventually create more impacts. Not
Initiatives in 2019, BTPN Syariah has developed the only that, technology will also improve the quality of
Bank Sustainability Action Plan as one of the key customer relationship and the trust to BTPN Syariah.
reference for the operational activities in building
The success in empowering the customers who
infrastructure to support the sustainability of BTPN
have been with BTPN Syariah for 5 years and have
Syariah as a Sharia Commercial Bank who stands
successfully improved their welfare is the worth our
for the productive underprivileged communities,
effort. For them, BTPN Syariah must also elevate,
especially the women communities, in order to realize
especially in creating the financing scheme and
good intention faster.
deepening the products that are relevant to their
Moving forward, BTPN Syariah will continue to optimize new capacity. This is not only a challenge, but more
technology as the solutions to capture business importantly, a business opportunity for BTPN Syariah
opportunities and create more breakthroughs. Digital to realize more good intention faster.

21

Closure

On behalf of the Board of Commissioners, I express my deepest gratitude to our customers, regulators,
Shareholders and other stakeholders for the support and trust to BTPN Syariah.

We also thank to Mr. H. Ikhwan Abidin, MA and Mr. H. Muhammad Faiz, MA as the Chairman and Member of the
Sharia Supervisory Board for their supervision to BTPN Syariah.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Lastly, our greatest appreciation to the Board of Directors and Management and all #bankirpemberdaya for the
endless dedication, hard work, commitment and integrity without which the aspiration of better lives for millions of
Indonesia will not be realized faster.

Wassalammu’alaikum Warahmatullahi Wabarakatuh

Kemal Azis Stamboel

President Commissioner/Independent
 board of
commissioners

22

Mahdi Syahbuddin Dewie Pelitawati

commissioner independent commissioner
 23

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Kemal Azis Stamboel Yenny Lim

president commissioner/independent commissioner
24
 the report of president director

There is a common spirit when the funding customers, financing customers

and #bankirpemberdaya (bankers who empower) are asked “what are the 25

difference after joining with BTPN Syariah?”. And the common spirit was
that “the good intention is realized faster”. Tepat is the abbreviation of
Terwujud Niat Baik Lebih Cepat (To Realize Good Intention Faster), that
has become the Brand of every product of BTPN Syariah.

Ratih Rachmawaty
President Director/Independent

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

 Bismillahirrahmanirrahim

Assalamu’alaikum warahmatullahi wabarakatuh

Dear Shareholders and all Stakeholders,

10 years of Steadfast Endeavor

Ten years ago, Bank BTPN conducted a research Danarta into Bank BTPN Syariah and all portfolio of
to the underprivileged families in Indonesia, that Sharia Business Unit of BTPN was transferred to this
was once called “unbankable segment” since those new Bank. In 2018, BTPN Syariah went public, securing
particular communities did not have financial records, its position as the company with the robust standard
legal documents nor collateral. Yet, they have the of a public company. The initial price of the shares
aspiration, just like us, to attain to higher education was Rp975/share, as of 31 December 2019 the price
for the children and want to improve the welfare of of BTPN Syariah shares coded BTPS was reaching
the family. The main obstacle to realize this aspiration Rp4,250 (with total market capitalization of Rp32.7
was the unavailability of capital and lack of skills to trillion).
start a business. Only 12% of those people borrowed
The accumulated number of families served was more
from friends, families, and non-formal financial
than 5 million which means that in total BTPN Syariah
institutions. This fact presented an opportunity to
26 do good and to do well for Bank BTPN, through the
has reached 20 million of Indonesian populations. The
funding, which is mostly concentrated from wealthy
Sharia Business Unit of BTPN to serve this segment
families in big cities, offered the value proposition of
in a strategic, focused and massive manner. I was
fund security, service excellence, competitive return
honored to orchestrate the planning process and
and the opportunity to participate in empowering
was assigned as the Head of Sharia Business Unit
productive underprivileged families in Indonesia.
back then.
During those 10 years period, BTPN Syariah has
Starting with three pilot locations in 2010, a massive been steadfastly devoting all the endeavor to
roll out proceeded in 2011 until 2012 when BTPN develop various products, processes and services
Syariah opened 100 service team and recruited to effectively serve the productive underprivileged
±4,000 new employees, the high school graduates families, breaking the long-commonly-held myth
that BTPN Syariah trained to be able to proactively that they were unbankable. BTPN Syariah inspired
come to the customers and serve the women from the industry to serve this particular segment which
underprivileged families spread from Aceh to East represented more than 40 million families, creating
Nusa Tenggara, all demonstrated three key behaviors new breed of bankers, productive poor bankers, a
of honesty, kind and discipline in customer servicing. significant contribution for the creation of industry in
They empower the customers to nurture the 4 (four) this segment.
characters to enhance their capacity, that is Courage
As of today, BTPN Syariah is the only Bank in
to Do Business, Discipline, Hard Work and Solidarity. It
Indonesia whose financing customers are 100%
is those the four qualities that have eventually paved
women, whose field employees are more than 94%
the way to move out of the underprivileged condition.
women, that acquires funds from wealthy families
In 2014, BTPN Syariah was born through the or communities and channels all those funds for
acquisition and conversion of Bank Sahabat Purba the financing of productive underprivileged families
in Indonesia; all under Sharia principles and in All those achievements were tied to the endless
accordance to the standard governance of public devotion and hard work to create organizational
company and respectable company. climate that was conducive for creativity and make
BTPN Syariah as the second home for ±12,000 of our
employees, those that we call #bankirpemberdaya.
Achievement 2019
Program 2F was launched, that was Flexi-Time
and Flexi-Style, the flexible office hours and
Positive Financial Performance
flexible dress code to promote the ambiance of
As of 31 December 2019, the Bank has recorded modern, open and agile. The image of a public
financing of Rp9.0 trillion. Financing grew by 23.7% company that is respectable, modern, yet focuses
from Rp7.3 trillion in the same period in 2018. Through to serve underprivileged families in Indonesia with
active customer engagement and empowerment in Sharia principles.
27
the financing proses, BTPN Syariah is able to maintain
Our field employees –whom the majority are high
Non-Performing Financing Ratio at 1.36% .
school graduate– currently have experiencing modern
The total assets of the Bank grew to 27.8% to Rp15.4 service delivery. Each of our staff were equipped with
trillion from previously Rp12.0 trillion (year on year). tablet to serve the customer which has reduced the
The third party funds reached Rp9.4 trillion, growing use of paper and also breaking the myth that this kind
24.1% from Rp7.6 trillion (year on year). BTPN Syariah of service are only meant for the wealthy customer.
has also improved efficiency in business operations,
In 2019, BTPN Syariah received 4 global awards
reflected in the operational cost on operational
namely Financial Inclusion Award and Customer Care
revenue of 58.1%, that was lower than that of the
Awards from Global Good Governance Award, Best
same period last year of 62.4%.
Islamic Bank for SME Banking from Global Islamic

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

The respectable financing growth was also followed Finance Award dan Silver Award for 2018 Annual
by efficiency improvement thus in the end BTPN Report from ARC Awards International, and other
Syariah managed to increase the year-on year Net awards from Indonesia. Moreover, Bank Indonesia has
Profit After Tax (NPAT) by 45%; from Rp965 billion in also awarded Bank as the Best Bank for SMEs for
2018 to Rp1.4 trillion in 2019. The Capital Adequacy BUKU 2.
Ratio was very strong at 44.6%.
The capital as of December 2019 was Rp5,2 trillion,
FDR (Financing to Deposit Ratio) was maintained and BTPN Syariah only need one more step –the
at optimum level of 95.3%. ROA (Return on Asset) License from Financial Service Authority– to become
13.6% and ROE (Return on Equity) 31.2% that was an Bank BUKU 3.
indicator of healthy return.
Praise to the Lord that we concluded 2019 with very
good performance.
 Good Corporate Governance

The company policies and procedures were updated initiatives of the Bank. With the awareness of the
on regular basis, the audit findings from Internal Audit importance of good governance for the long-term
Unit, Financial Services Authority and external auditor growth of the Bank, BTPN Syariah continue refining
were followed through accordingly. Self-assessment the corporate governance process.
RBBR was at level 2 (good) Rating GCG was 2 (Good),
Awarded with the global recognition in Governance
with rating AA+ (Idn) which means stable.
pushed us to continue to deliver the best.
The Board of Directors’ Committees were actively
supporting the implementation of all key strategic

Real Social Impact

BTPN Syariah conducted survey on regular basis to children not attending school declined from 16.0% to
the underprivileged customers who participated 10.8%. The use firewoods declined from 9.2% to 4.9%.
in our financing programs in several consecutive
The third-party funds from underprivileged
28 cycles. The selected method and measurement tools
customers’ composition was 19.4% in 2019, growing
were the international standard and known for its
20.4% year on year, which was inline with the growth
good credibility yet easy to administer, that is PPI
of the Bank’s third-party funds at 24.1% (YoY).
(Poverty Probability Index) and IPA (Innovative for
Poverty Action). BTPN Syariah is delighted with all the progress,
while we realize that many other factors were surely
From the survey we learnt that underprivileged
contributing to those impacts. Nevertheless, all
customers who had passed the third cycle, the
of these achievement have at least reflected real
probability that they would return to the poverty line
positive changes in our customers.
decreased from 26.7% to 22.0%. The percentage of

Year 2020

In 2020, the banking sector will face several challenges. However, we believe that BTPN Syariah will continue the
focus to serve productive underprivileged segments. The Bank will continue strengthening the organizational
capability and the four key strategic initiatives that have been started since 2019, including:
1. Build operational excellence.
2. Improve the financing assets by serving the needs of family for financing and the micro business in the
surrounding community.
3. Explore fee-based income by developing products, application and partnership.
4. Strengthen the organizational capability to make it agile and relevant.

BTPN Syariah shall continue to develop ourselves as the best Sharia Bank for financial inclusion, making a
difference in the lives of millions of Indonesia.
Appreciation

It has been an honor for me personally to be part To the regulators, thank you for the direction and
of the great BTPN Syariah for 10 years. Building supervision since the inception of this business in
the business to serve underprivileged families for Sharia Business Unit BTPN until today.
productive purposes to improve the welfare of the
To the Board of Commissioners and the independent
family, providing career opportunities for thousands
members of the Committees, thank you for the
of high school graduates, bringing it become a public
critical input, good supervision, wise advices, and
company, and soon to be a Bank BUKU 3 subject to
endless support in our six years of existence as an
the license from Financial Services Authority. For
independent Bank.
that, in person and on behalf of the Board of Director,
I would like to use this opportunity to express my
To the Sharia Supervisory Board, thank you for the
gratitude to all the stakeholders for extending trust,
guidance and supervision in the field to ensure our
motivation and direction for us during the past
compliance to the Sharia principles.
10 years.
To the Board of Directors, thank you for the endless
To all the shareholders, thank you for the trust
support, going through the dynamics of our journey
and discretion for us to realize the vision to be the
and the strong trust and sincerity thus far.
best Sharia Bank for financial inclusion, making a
difference in the lives of millions of Indonesia. To all the employees, the #bankirpemberdaya whom
I love so dearly, thank you for being part for this very 29
To all our customers, thank you for the loyalty and
special journey, all the employees shares one soul with
the suggestions so that BTPN Syariah continues
the mission to empower the underprivileged families
to improve our services to be more meaningful for
in Indonesia to what we have achieved today. My best
the customers.
regards to the loved family.

Once again allow me to express my deepest gratitude.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Wabillahitaufik Walhidayah Wassalammu’alaikum
Warahmatullahi Wabarakatuh

Ratih Rachmawaty
President Director/Independent
 board of
directors

30

M. Gatot Adhi Prasetyo Mulia Salim

Director Deputy President Director
 31

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Ratih Rachmawaty Arief Ismail Taras Wibawa Siregar

President Director/ Compliance Director and Director
Independent Corporate Secretary
32
the report of the sharia supervisory board

The aspirations of BTPN Syariah to become an organization

33
that always strives for immediate realization of good
intention for all stakeholders is in accordance to the maqashid
Syariah or the main intention of the sharia, that is to deliver
benefits for mankind.

H. Ikhwan Abidin, MA
Chairman of the Sharia Supervisory Board

H.  Muhamad Faiz, MA

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Member of the Sharia Supervisory Board
 Assalamu’alaikum Warahmatullahi Wabarakatuh.

May the peace, mercy and blessings of Allah be with you.

The choice of the Bank to serve productive implementation of the operational activities of the
underprivileged society wholeheartedly is a real Bank are in adherence to the Sharia principles.
contribution to help, defend and empower those who
must be protected. The mission of the Bank goes This performance further necessitates the Bank to
beyond providing financial services, but rather, to continue the endeavour to educate the productive
improve the welfare of the productive underprivileged underprivileged customers. Not only about financial
communities through the means that are halalan literacy but also literacy about the sharia principles,
thayyiban (permissible and good) and in accordance that the most important matter in the sharia is
to sharia principles. not only about the conformity to the akad, but also
about integrity and the feeling of togetherness in
We, as the Sharia Supervisory Board, are obliged to every effort. In addition to that, the monitoring
34 support the efforts of the Bank and keep monitoring and evaluation need to be further improved
the Bank in performing its operations activities, considering the different conditions of the productive
the products offering and services delivery to underprivileged customers in the field.
customers that are in accordance to the sharia laws
and principles with reference to the fatwa of Sharia In 2019, the Bank launched the new tagline ‘Tepat’
National Board and Indonesian Ulema Council. (literally means ‘precise’) for all products and services,
this affirms that the aspirations of the customers and
The foundational principles of sharia are rooted in the spirit of #bankirpemberdaya (the empowering
the humanity values, that are not only based on legal banker) are converging to one shared objective,
justice but also social justice. The role of the bank that is to deliver immediate realization of good
in assisting the underprivileged communities to get intention in a good way. This is also inline with the
access to professional banking services with good maqashid (objectives) of the sharia that are stated
character and integrity need to be highly appreciated. in 5 (five) fundamental matters including protecting
From our observation thus far, we conclude that the the religion, protecting the soul, protecting the
intellect, protecting the heritage, and protecting the assets. In this case, we conclude that the aspiration
to transform the productive underprivileged families to become more prosperous communities has been
executed right by BTPN Syariah.

We believe that the Bank with all the strategic and initiatives will be able to keep the commitment to
protect and empower more productive underprivileged communities in the remote areas. Wider outreach
means a bigger impact that is real and significant. We understand that this is not easy. It takes strong will,
hard work and courage to take risks. Insya Allah, God willing, we shall continue to partner and encourage
while ensuring that compliance to the rules and sharia principles remains the most important matter.

The achievement and recognition to the Bank from various parties both national and international
level prove that the Bank has realized the vision well. We hope that the Bank will always be istiqomah
35
(consistent) in the commitment and responsibility to help and deliver more benefits to the more people
particularly the productive underprivileged communities in Indonesia, so that the grace, the expediency of
sustenance, will be exceeding the values not only physically but also spiritually.

With such intention, the strategy and approach of the Bank should go beyond information and
communication, but most importantly, they should represent the manifestation of the heart in fulfilling the
needs of humanity, so that there will be more opportunities for immediate realization of good intention for
more people in the future.

May the grace and protection of Allah SWT will always be with us in the undertaking of our duties to fulfill
our call to do good to all human being. May Allah SWT be content. Amin.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

BTPN Syariah, Insya Allah, God Willing, will always strive for immediate realization of good intention.

Wassalammu’alaikum Warahmatullahi Wabarakatuh

H. Ikhwan Abidin, MA
Chairman of the Sharia Supervisory Board
36
 Weaving of Creation 37

from Mel Ahyar

I designed the featured BTPN Syariah management’s

wardrobe using a rich variety of traditional Indonesian
weaved fabrics. Each design is customized according to
the individual persona.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Aside as a duty as an Indonesian designer to promote and
preserve our traditional crafts and culture, local fabrics
have always been my long-time inspiration, even since I
was a child.

I want Indonesian youth to know the craft and culture.

Therefore, it has always been my challenge to make
fashion collections using traditional fabric that appeals to
the millennials and generation Z.

Mel Ahyar is a funding customer of the Menara Kadin

branch office, Jakarta. Mel Ahyar had the opportunity to
empower songket craftsman customers in Palembang,
South Sumatra, as pictured above.
38
 02
company profile
39

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

 Erna, a financing customer and Tepat agent
from Sukamakmur, Bogor.

Everyday she is the extention of BTPN Syariah

to serve other financing customers in her area
in doing their transactions.

#deminiatbaik (for good intention)

40
company information

Address of Head Office and Corporate Secretary

Menara BTPN, 12th Floor

CBD Mega Kuningan,
Jl. Dr. Ide Anak Agung Gde Agung Kav. 5.5-5.6,
Jakarta Selatan 12950
Tel : +62-21-300 26 400
Fax : +62-21-292 72 096 (general)

Tax Payer Identification Number

PT Bank Tabungan Pensiunan Nasional Syariah Tbk

01.551.806.1-511-000

Business Identification Number

(Is an endorsement of Company Registration Certificate)

PT Bank Tabungan Pensiunan Nasional Syariah Tbk

9120209291387 dated 18 February 2019

Website

https://www.btpnsyariah.com/

41

about BTPN Syariah

In every step, BTPN Syariah pledges the commitment to provide the opportunity
for every individual to realize their good intention faster, to create more
meaningful life and to bring significant impact to millions of Indonesians.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Since its inception as Sharia Business Unit of Sharia Business Unit and the conversion of PT Bank
PT Bank Tabungan Pensiunan Nasional Tbk (currently Sahabat Purna Danarta (“BSPD”).
named “PT Bank BTPN Tbk”) in 2010, BTPN Syariah
has included and reached the segment that had not As the only Sharia Commercial Bank in Indonesia with
been touched by banking sector, that is the productive the primary focus to provide services for empowering
underprivileged segment. With the mandate to deliver the productive underprivileged customers and
empowerment activities and financial literacy for developing financial inclusion, BTPN Syariah has
the women in the country, BTPN Syariah provides always strived to provide added value and make a
access and banking products and services in Sharia difference in the life of every customer being served,
principles for them to affirm the intention to realize despite delivering good financial performance. Hence,
the aspiration for a better life. BTPN Syariah will always continue to develop and
enhance the product and service delivery. Therefore,
On 14 July 2014, BTPN Syariah was officially BTPN Syariah will continue to bring positive impacts
registered as the 12th Sharia Commercial Bank in to millions of Indonesians as the real manifestation
Indonesia by the spin off PT Bank Tabungan Pensiunan of the aspiration to become the Mercy for the world
Nasional Tbk’s (currently named “PT Bank BTPN Tbk”) (rahmatan lil alamin).
 MISSION

Together, we create opportunities

for growth and a more
meaningful life

VISION

To be the best Sharia Commercial Bank,

for financial inclusion, making a difference in
the lives of millions of Indonesians
42

VALUES
PRISMA
(professionalism, integrity, mutual
respect and teamwork – the
Indonesian acronym is PRISMA)

#bankirpemberdaya (bankers who empower) at the forefront of BTPN Syariah as the people with

the inner calling that is in line with the vision and mission of the Bank, that is to empower the

productive underprivileged families in Indonesia. Carrying the mandate of the duties in every position,

#bankirpemberdaya work hand in hand to deliver the vision, mission and the values of the Bank with

accountability to realize good intention faster.

milestones

2008
BTPN established Sharia Business Unit

2010
Piloting project Tunas Usaha Rakyat (TUR) that focused to serve the customers
from the productive underprivileged segment, starting with 3 communities in
Banten and Pandeglang area

2011
Area expansion to serve the more productive underprivileged segment in Jakarta,
Banten, West Java, Central Java, East Java, Sumatera and East Nusa Tenggara (NTT) 43

2014
On 14 July, BTPN Syariah was officially registered as the
12th Sharia Commercial Bank in Indonesia

2018 PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

On 8 May, BTPN Syariah was officiated as a public listed company by the code BTPS

2019
5 years as a Sharia Commercial Bank, 10 years of empowering the productive
poor segment, becoming the only bank focusing on serving
the underprivileged families in Indonesia
 organization structure

President Director
Ratih Rachmawaty

Deputy President
Director
Mulia Salim

Director Director
44 M. Gatot Adhi Prasetyo Taras Wibawa Siregar

Retail & Wholesale

Operation Head Distribution Head 1
Funding Head
Dewo Triatmoko Dharma Putera
Shita Satyawati P

Information & Multifinance Head Distribution Head 2

Technology Head
Ahmad Rifqi Dwiyono Bayu Winantio
Yudi Sukendro

Process Transformation Business Risk &

Partnership Head
& Agent Banking Head Development Head
TBA
Johanes Hermawan S Roy Iskandar

Finance & Investor

Business Support Head Business Planning Head
Relation Head
Mohamad Rizal Dewi Nuzulianti
Fachmy Achmad
Compliance &
Risk Director
45
Arief Ismail

Compliance Head Human Capital Head Internal Audit Head

Rena Mutia Sulistyo Yuwono Gatot Prasetyo

Corporate Secretary & DAYA &

Legal Head Communication Head
Yunita C. Haerani Larasati Moerdijat

Risk & Fraud PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Management Head
Hari Pudjo Santoso

Analytics & Market

Intelligence Head
Andrew Adhitia
 the profile of the board of commissioners

Kemal Azis Stamboel

President Commissioner/Independent

46 Indonesian citizen, 69 years old, domiciled in Jakarta

Kemal Azis Stamboel received approval from the Financial Services Authority on 24 February 2014 and was reappointed
as the President Commissioner and Independent Commissioner of PT Bank Tabungan Pensiunan Nasional Syariah (“BTPN
Syariah”) conforming to the resolution of the Annual General Meeting of Shareholders on 6 March 2017.

Currently he also serves as the Chairman of Audit Committee, the Chairman of Nomination and Remuneration
Committee and the Member of Risk Monitoring Committee of BTPN Syariah.

Securing more than 38 years of experience, Kemal Stamboel began his career in PT Indonesia Asahan Aluminium (1977-
1982) then in a number of corporations, comprising of position as President Director of PricewaterhouseCoopers
Consulting Indonesia (1982-2002), Country Leader & Partner in IBM Indonesia (2002-2004), Member of the Aceh and Nias
Rehabilitation and Reconstruction Supervisory Agency (2005-2008), Deputy Chief Executive of National Information
and Communication Technology Board (2006-2008), Independent Commissioner of PT Krakatau Steel (2007-2008),
Independent Commissioner of PT Titan Petro Chemical (2006-2012), Member of the House of Representatives Republic
of Indonesia (2009-2012), Chairman of Commission I of the House of Representatives Republic of Indonesia (2009-2010),
Chairman of Commission XI of the House of Representatives Republic of Indonesia (2011-2013), Executive Advisor to the
Board of Directors of PT Indosat Tbk (2013-2018) and the Secretary General of Indonesia International Bank Association
or PERBINA (2013-2017), and Independent Commissioner of PT Holcim Indonesia Tbk (2013-2018).

Kemal Stamboel obtained a Bachelor of Psychology from Padjajaran University in 1974 and Master of Science in Business
Management from Hult International Business School USA in 1985. Alongside he also attended various training program
and conferences, among others are those organized by LSPP, PricewaterhouseCoopers, XXVI IAFEI World Congress
ASEAN Federation of Accountants and Social Innovation in Action Training held by The Economist.

In addition to BTPN Syariah, he also serves as Chairman of the Board in WWF Indonesia, while also has been appointed as
President Commissioner of PT Digital Solusi Pratama (a startup company which will be operational in 2020) as well since
October 2019 to present.
Dewie Pelitawati
Independent Commissioner

Indonesian citizen, 60 years old, domiciled in Jakarta 47

Dewie Pelitawati received the approval from the Financial Services Authority on 24 February 2014 and was reappointed
as member of the Board of Commissioners and Independent Commissioner of PT Bank Tabungan Pensiunan Nasional
Syariah (“BTPN Syariah”) conforming to the resolution of the Annual General Meeting of Shareholders on 6 March 2017.

Currently she also serves as the Chairman of Risk Monitoring Committee, the member of Audit Committee and Member
of Nomination and Remuneration Committee of BTPN Syariah.

She started her career in PT Indosat (1985-1999), and led to various position in several corporations, including as Head
of Chairman Office in Indonesia Bank Restructuring Agency (1999-2000), Secretary to Junior Minister in the Ministry
of National Economic Restructuring Republic of Indonesia (2001), Commissioner of PT Indosat Mega Media Mobile and
Commissioner of PT Satelindo (2002-2003), Chief of Legal and Compliance in PT Indosat (2009-2010), Partners in Bahar

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

and Partners Attorney At Law (2010-2013), Senior GM Corporate Legal, Governance and Compliance in PT XL Axiata Tbk
(2013-2018).

Dewie Pelitawati obtained a Bachelor in Law in 1984 and Magister in Law from the Faculty of Law of Padjadjaran
University in 2005, she also had joined several professional programs, including those conducted by LSPP, Indonesian
Advocate Association, Dubai International Finance Center, Corporate Leadership Development Institute. And Social
Innovation in Action Training held by The Economist.

Dewie Pelitawati does not hold any other position outside BTPN Syariah.
 Mahdi Syahbuddin
Commissioner

48 Indonesian citizen, 57 years old, domiciled in Jakarta

Mahdi Syahbuddin received approval from the Financial Services Authority on 23 December 2014 and was reappointed
as member of the Board of Commissioners of PT Bank Tabungan Pensiunan Nasional Syariah Tbk (“BTPN Syariah”)
conforming to the Resolution of BTPN Syariah Shareholders Circular dated 28 February 2018.

Currently he also serves as the member of Risk Monitoring Committee and member of the Nomination and Remuneration
Committee of BTPN Syariah.

In his more than 31 years of experience prior to appointment as Commissioner at BTPN Syariah, Mahdi served as Director
of Human Capital in PT Bank Tabungan Pensiunan Nasional Tbk (“BTPN”) and footprinted a number of strategic
initiatives in Human Capital comprising organizational alignment, redesign of human capital policy and increasing
employee involvement in achieving the Bank’s vision and goals. Earlier, Mahdi was a Director of Bank Permata, prior to
Bank Universal where he held various positions including Deputy President Director. Before the bank was merged to
become Bank Permata, Mahdi was the Chairman of Management Team. He began career in banking by joining Citibank
N.A in 1989 with latest position as Manager of Asset Product Services. In addition to his career in banking industry, Mahdi
had worked as Engineer in Atlantic Richfield and IPTN.

Mahdi Syahbuddin obtained a Bachelor in Aviation Engineering from Bandung Institute of Technology in 1987.

Mahdi Syahbuddin does not hold any other position outside BTPN Syariah.
Yenny Lim
Commissioner

Indonesian citizen, 53 years old, domiciled in Tangerang 49

Yenny Lim received approval from the Financial Services Authority on 17 July 2019 and was appointed as member of
the Board of Commissioners of PT Bank Tabungan Pensiunan Nasional Syariah Tbk (“BTPN Syariah”) conforming to the
resolution of the Extraordinary General Meeting of Shareholders on 2 September 2019.

Currently she also serves as the member of Remuneration Committee of BTPN Syariah.

Prior to joining BTPN Syariah, she held various executive positions, including Credit Manager in PT Bank Dagang Nasional
Indonesia (1991-1998), Financial Planning & Analysis concurrently as Compliance Coordinator in American Express Bank,
Ltd (1998-2003), Credit Management Head in PT Bank DBS Indonesia (2003-2007), Financial Planning & Project Division
Head in PT Bank Danamon Indonesia (2007-2015), and Chief of Finance & Planning in PT Bank Sumitomo Mitsui Indonesia
(2015-2019).

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Yenny Lim obtain Bachelor of Science from Oregon State University, USA in 1990, and also joined various professional
training programs, among others those which held by World Bank, Euro Money Institute, University of California Berkeley
Extension, Capital Market Society of Indonesia, Perbanas, The Pacific Rim Coast Banking School and the University of
Washington, BSMR, INSEAD, LSPP, GARP, KIRAN, Karim Consulting and Rahardja Duta Solusindo.

Yenny Lim currently serves as Planning & Deputy CFO in PT Bank BTPN Tbk.
 the profile of the board of directors

Ratih Rachmawaty
President Director/Independent

50 Indonesian citizen, 48 years old, domiciled in Jakarta

Ratih Rachmawaty received the approval from the Financial Services Authority on 7 March 2017
and was appointed as President Director/Independent Director of of PT Bank Tabungan Pensiunan
Nasional Syariah Tbk (“BTPN Syariah”) conforming to the resolution of the Annual General Meeting of
Shareholders on 6 March 2017.

Earlier, she served as the Bank’s Deputy President Director from 2014-2017. She was awarded in two
consecutive years (April 2018 and June 2019) as one of Top 10 Most Influential Women in Islamic Business
& Finance from Cambridge International Financial Advisory. In addition to the award as Financial Top
Leader 2019 by category of Sharia, from Warta Ekonomi on April 2019.

Within her 24 years of extensive banking experience (in area of finance, audit, risk management, business,
development & business planning), Ratih has spent the last 14 years focusing on building mass market
business segment model. Those includes her role as one of key founder for Danamon Simpan Pinjam a
mass market product in PT Bank Danamon Tbk (2003-2008), microbanking business product Mitra Usaha
Rakyat dan productive poor business product Tunas Usaha Rakyat in Bank BTPN (2008- 2014). Under her
leadership, productive poor business became the main segment in Sharia Unit of Bank BTPN since 2011,
in which on July 2014 Sharia Unit BTPN was spun-off to become BTPN Syariah and the productive poor
business become the core business of BTPN Syariah until today.

Ratih Rachmawaty obtained Bachelor of Economy in Accounting from Faculty of Economics of Padjajaran
University Bandung in 1994 with Cum Laude title, then MBA from Melbourne Business School, University
of Melbourne in 2000. She actively conducted benchmark studies in microbanking in various countries
such as India, Mexico, Peru and Bangladesh alongside with the institutions for financial inclusion and
poverty eradication namely Grameen Foundation, IFC, United Nation Capital Development Fund
(UNCDF) and World Micro Credit Summit. She also attended executive leadership training program from
global institute such McKinsey & Company, Harvard Business School (Boston, USA), INSEAD, Centre for
Creative Leadership (Singapore), Clare College (Cambridge, UK) and other institutions.

Ratih Rachmawaty does not hold any other position outside BTPN Syariah.
Mulia Salim
Deputy President Director

Indonesian citizen, 48 years old, domiciled in Jakarta. 51

Mulia Salim received approval from the Financial Services Authority on 14 June 2017 and was appointed
as the Deputy President Director of PT Bank Tabungan Pensiunan Nasional Syariah (“BTPN Syariah”)
conforming to the resolution of Annual General Meeting of Shareholders on 6 March 2017.

Prior to his appointment as Director in BTPN Syariah, Mulia Salim had served as the Head of Micro
Business, Director of Micro and Small Enterprise Business, and Director of Operations in PT Bank Tabungan
Pensiunan Nasional Tbk (“BTPN”). Before joining BTPN in 2008, Mulia worked in Bank Danamon in various
positions namely the Executive Vice President for Finance, Operation & Collections Head, EVP for Cards
Business, also at the same time he led the Business Acquisition and Integration Project of American Express
and Bank Danamon. This is In addition to his career in Citibank N.A as Country Procurement Head, Cards
Operations Head, Transaction Services Head and latest position as Vice President – Quality & Customer

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Service Director.

Mulia Salim obtained Bachelor in Electrical Engineering from University of Indonesia in 1993. He also has
attended courses and schools among others were Citibank Asia Pacific Leadership Forum in Shanghai,
Danamon Leadership Academy in INSEAD Singapore, Berkeley-Nanyang Advanced Management Program
in Nanyang Technological University Singapore and Haas School of Business, University of California
Berkeley USA. Those are alongside with various training programs such as Leading for Organizational
Impact, SME Finance Forum, Risk Management, Information Technology and Sharia Banking Basic Training.

Mulia Salim does not hold any position other than BTPN Syariah.
 Arief Ismail
Compliance Director and
Corporate Secretary

52 Indonesian citizen, 53 years old, domiciled in South Tangerang.

Arief Ismail received approval from the Financial Services Authority on 22 August 2017 and was appointed as
Compliance Director of PT Bank Tabungan Pensiunan Nasional Syariah (“BTPN Syariah”) conforming to the
resolution of Annual General Meeting of Shareholders on 6 March 2017.

Currently, Arief Ismail serves as Corporate Secretary at BTPN Syariah.

His 27 years of experience began by join PT USI Jaya IBM, then in Citibank’s Global Consumer Bank (1990-1995)
in various position from Management Associate Program, Credit Analyst, Credit Policy Manager until his latest
position as Direct Sales Manager. He had worked in GE Capital in Global Consumer as Director of Risk and
Director of New Business (1995-1999), in PT Rahajasa Media Internet as Marketing Director (1999-2001), in PT
Bank Danamon Indonesia as Card Center’s Credit Cycle Manager with the latest position as Unsecured Risk
Management Head (2001-2005), di ABN Amro as Head of Consumer Risk, Country Head of Risk and Head of
Consumer Risk (2005-2010), in PT ANZ Panin Bank Indonesia as Head of Retail Credit Risk (2010-2011), and in
HSBC Indonesia with latest position as Head of Retail Banking & Wealth Management Risk or RBWM Risk
(2011-2017).

Arief Ismail obtained Bachelor in Industrial Engineering from Bandung Institute of Technology in 1990. Supporting
his career, he has attended various courses and training program including Basic Sharia Banking, Risk Management
and the Refreshment Courses, Process Improvement Process, ABN Amro Leadership Program in Amsterdam,
Corporate Financing for Consumer Banking in Amsterdam, GE Capital Risk University Program in Stamford,
Connecticut USA, and Citibank Credit and Risk.

Arief Ismail does not hold any other position outside BTPN Syariah.
Taras Wibawa Siregar
Director

Indonesian citizen, 50 years old, domiciled in Jakarta. 53

Taras Wibawa Siregar received approval of the Financial Services Authority on 9 September 2015 and was
reappointed as Director of PT Bank Tabungan Pensiunan Nasional Syariah (“BTPN Syariah”) conforming to the
resolution of Annual General Meeting of Shareholders on 6 March 2017.

In the previous period, Taras had been assigned as the Compliance and Risk Director in BTPN Syariah.

Prior to his appointment as Director in BTPN Syariah, he had served as a member of the Board of Commissioners
BTPN Syariah (2014-2015) and worked in PT Bank Tabungan Pensiunan Nasional, Tbk (“BTPN”) (2008-2015) with
latest positions as Deputy Chief Risk Officer. Earlier Taras had worked in several banking institutions including
Bank Danamon (2004-2008) as Credit Risk Head, Division Self Employed Mass Market (DSP), in Citibank NA
(1998-2004) as Citi Financial Credit Risk Head, and in PT Freeport Indonesia as Senior Systems Analyst

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

(1993-1996).

Taras Wibawa Siregar obtained Master of Business Administration from Tulane University, A.B. Freeman School of
Business, Louisiana USA (1998), Bachelor of Science from Faculty of Computer Science and Bachelor of Arts from
Faculty of Business Administration of Washington State University, Washington USA (1993). He also had taken
various trainings and seminars, among others those were organized by Citibank, Risk Management Certification
Body, Money for Wealth Financial Services, Bank Indonesia, The Risk Forum School of Finance, Karim Consulting,
Uni Strategic Pte, Ltd, Risk Capital Analytic, BARA, Agile Avent, LSPP, LPPI, CCL, FKDKP, IBI, PWC and GALLUP.

Taras Wibawa Siregar does not hold any other position outside BTPN Syariah.
 M. Gatot Adhi Prasetyo
Director

54 Indonesian citizen, 57 years old, domiciled in South Tangerang.

Gatot Adhi Prasetyo received approval of the Financial Services Authority on 24 February 2014 and was
reappointed as Director of PT Bank Tabungan Pensiunan Nasional Syariah (”BTPN Syariah”) conforming to the
resolution of Annual General Meeting of Shareholders on 6 March 2017.

He started his professional journey in various industries since 1987. Among others are as Engineering Consultant in
PT Infratama Yakti, PT Ripta Paripurna and PT Mirazh. In General Insurance; Asuransi Astra Buana, Cable TV; PT
Direct Vision/Astro TV and in banking; Bank Pasific, Bank Universal, Bank Permata, Bank Sahabat Purba Danarta
and BTPN Syariah, involving various functions; Operations, Credit, System and Procedure Development, Human
Capital and managerial level.

Gatot Adhi Prasetyo obtain Bachelor in Geodetic Engineering from Bandung Institute of Technology in 1987,
And since then Gatot had attended a number of training programs and seminars among others from Center of
Management Technology, IMPM Prasetya Mulya, Business Forum, Asia Pacific Institute, KPMG Management
Consultant, Astra Management Institute of Development, Covey Leadership Center, Law Education & Training
Hotman Paris, IBC Asia Limited, Care Consulting, Ministry of Finance Republic of Indonesia, Business Consulting,
Directorate General of Inland Transportation, Kellog School of Management, Plasmedia, Lawrence Walter Ng,
SCB, Risk Management Certification Body, LPPI and LSPP, Raharja Duta Solusindo, ETNOMARK Consulting,
GALLUP, Karim Consulting Indonesia, GPS, Center for Creative Leadership (CCL), GriyaMP and The Economist.

Gatot Adhi Prasetyo does not hold any other position outside BTPN Syariah.
profil
the profile
dewanofpengawas
the sharia syariah
supervisory board

H. Ikhwan Abidin, MA
Chairman of the Sharia Supervisory Board

Indonesia citizen, 54 years old, domiciled in Bogor. 55

H. Ikhwan Abidin received approval from the Financial Services Authority on 13 June 2017 and was appointed as
the Chairman of the Sharia Supervisory Board of PT Bank Tabungan Pensiunan Nasional Syariah (“BTPN Syariah”)
conforming to the resolution of Annual General Meeting of Shareholders on 6 March 2017.

H. Ikhwan Abidin obtained Bachelor and Post-Graduate in Islamic Economy from International of Islamic
Economics Islamabad, Pakistan (1992,1994), and also in Islamic Studies from Jamiah Islamiah, Faisalabad, Pakistan
in 1994. H. Ikhwan Abidin had attended various workshops on Islamic Banking Practices held by Bank Islam
Malaysia Berhaad (BMB), Institute of Research on Training Sdn Berhaad & Bank Indonesia in Association Islamic
Development Bank (1999). He is certified as Sharia Supervisory Board for Financing Companies by Financial
Services Authority (OJK) and National Sharia Board of Indonesian Ulema Council (2015).

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

In addition, H. Ikhwan Abidin also serves as the member of Sharia Supervisory Board Bank Syariah Bukopin
(2000-present), PT Bahana Artha Ventura (2008-present), the Chairman of the Sharia Supervisory Board of PT
Radana Finance (2013-present), the Sharia Supervisory Board of PT Asanusa Asset Management (2014-present),
Lecturer in Post-graduate Program in Institute of Al Quran Study (2007-present) and Specialist Staff in Sharia for
the Board of Directors in LPPI (2004-2018).
 H. Muhamad Faiz, MA
Member of the Sharia Supervisory Board

56 Indonesia citizen, 45 years old, domiciled in Jakarta.

Muhammad Faiz approval of the Financial Services Authority on 2 May 2017 and was appointed as member of the
Sharia Supervisory Board of PT Bank Tabungan Pensiunan Nasional Syariah (“BTPN Syariah”) conforming to the
resolution of Annual General Meeting of Shareholders on 6 March 2017.

Muhammad Faiz obtained Bachelor in Sharia Law from Islamic University of Madinah in 1997 and a Post-Graduate
Degree of Daarul Ulum from the University of Cairo in 2013. He also has completed the certification for Sharia
Supervisory Board, Sharia Banking Level I (2008) and Level II (2013) from National Sharia Board of Indonesian
Ulema Council and Bank Indonesia. He had attended The Workshop Pra Ijtima Sanawi to enhance the competency
of Sharia Supervisory Board in Banking, Financing and Sharia Venture Capital (2016).

In addition, Muhammad Faiz also serves as the Chairman of the Sharia Supervisory Board of the Sharia Business
Unit in PT Bank Permata Tbk (2008-present), the Chairman of the Sharia Supervisory Board of PT IMFI Syariah
(2012-present), Deputy of Lecturer in PP Darul Rohman (2008-present), the Deputy Secretary of Fatwa
Commission in Indonesian Ulema Council (2010-present), and the Deputy Chairman of Bahtsul Masail Institution
in Nahdatul Ulama Board of Management (2015-present).
the profile of the board of commissioners’ committee

The Composition of the Board of

Commissioners Committee

Nomination and
Risk Monitoring Committee Audit Committee
Remuneration Committee

57
Chairman: Chairman: Ketua:

Dewie Pelitawati Kemal Azis Stamboel Kemal Azis Stamboel

(Independent Commissioner) (President Commissioner/ (President Commissioner/
Independent) Independent)
Member:
1. Kemal Aziz Stamboel Mamber: Anggota:
(President Commissioner/ 1. Dewie Pelitawati 1. Dewie Pelitawati
Independent) (Independent Commissioner) (Independent Commissioner)
2. Mahdi Syahbuddin 2. Mahdi Syahbuddin 2. Lucy Susiana Noor
(Commissioner) (Commissioner) (Independent Party)
3. Lucy Susiana Noor 3. Yenny Lim 3. Tika Arundina (Independent

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

(Independent Party) (Commissioner) Party)
4. Tika Arundina 4. Sulistyo Yuwono
(Independent Party) (Head of Human Capital)

Notes :

Member of the Board of Commissioners Dewie Pelitawati and Member of Sharia Supervisory Board H. Muhamad Faiz, MA, both concurrently

serve as Member of Integrated Compliance Committee (further explanation is available in chapter of The Good Corporate Governance)
 Tika Arundina
Member of Audit Committee and
Member of Risk Monitoring Committee

Indonesian citizen, 35 years old, domiciled in Jakarta

58
Tika Arundina was appointed as Member of Audit Committee and Member of Risk Monitoring Committee in PT Bank Tabungan
Pensiunan Nasional Syariah Tbk (“BTPN Syariah”) since 14 February 2019.

She obtained Bachelor of Economy from Indonesia University in 2007, Master of Science (Finance) from International Islamic
University of Malaysia (IIUM) in 2010 and Doctor Islamic Banking & Finance from IIUM Islamic Banking & Finance (IIBF) in 2014.

Previous positions have been held and current position being held are including :

• Director of Islamic Economy Study Program in Faculty of Economy and Business, Indonesia University in 2018 – present;
• Lecturer in Faculty of Economy and Business, Indonesia University in 2014 – present;
• Research Manager in Centre of Sharia Economy and Business (PEBS) Faculty of Economy and Business, Indonesia University
in 2016 – 2108;
• Research and Trainer in Centre of Sharia Economy and Business (PEBS) Faculty of Economy and Business, Indonesia
University in 2017 – present;
• Lecturer in IIUM Institute of Islamic Banking & Finance in 2011 – 2012;
• Researcher in Kulliyyah of Economics and Management Science, IIUM in 2008 – 2010 and 2011 – 2012;
• Researcher in Demographic Institution of Economic Faculty Indonesia University in 2010.

Awards have been received among others are Pacific-Basin Finance Excellence Award, Gold Medal Pencipta Malaysia 2019, Silver
Medal in International Research Invention & Innovation Exhibition (IRIIE) 2014. She also participated in publications of national
and international reputable journals, as well as actively joined regional and abroad conferences namely in Indonesia, Malaysia,
Vietnam, United Kingdom and Spain.

In addition to academic activities, Tika also conducted advocacy and project research for institutions such United Nation
Development Program (UNDP), Asian Development Bank (ADB), National Sharia Financial Committee (KNKS), Financial Services
Authority (OJK), National Bureau of National Development Plan (Bappenas), Creative Economic Bureau (Bekraf), Dompet
Dhuafa, and Indonesia Deposit Insurance Corporation (LPS).

She performed as speaker and trainer in National Symposium of Law in Islamic Finance, Sukuk Negara Goes to Campus, Training
ODP Bank Syariah, Informal Lecture of Islamic Economy, Regular Training in PEBS, and National Training of Scientific Journal
Writing.

Currently Tika Arundina is a Certified Sharia Capital Market Specialist and Risk Management.
Lucy Susiana Noor
Member of Audit Committee and
Member of Risk Monitoring Committee

Indonesian citizen, 52 years old, domiciled in Bekasi 59

Lucy Susiana Noor was appointed as Member of Audit Committee and Member of Risk Monitoring Committee in PT Bank
Tabungan Pensiunan Nasional Syariah Tbk (“BTPN Syariah”) since 14 February 2019.

She obtained Bachelor of Law from Padjajaran University in 1989

Previous positions have been held among others area:

• Compliance Head – BTPN (2010-2018), - AML Head – BTPN (2008-2009);

• Senior Compliance & KYC Unit Head – Bank Danamon (2004-2008);
• Consultant Management Division Head – Indonesia Banking Restructuring Agency/IBRA (2003- 2004), Chairman & Vice
Chairman Office – IBRA (2002-2003), Team Leader System Procedure & Compliance – IBRA (2000-2002);

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

• Senior Lawyer Corporate Banking Group – Bank Niaga (1998-2000), Senior Auditor - Bank Niaga (1992-2000), Marketing
Cirebon Branch – Bank Niaga (1991-1992), Management Trainee – Bank Niaga (1990-1991).

Lucy has joined several executive training programs including Sharia Banking, Compliance & Ethic Academy di Singapore (2017),
Leadership Legacy by Dr. Terry S David (2010), and Leadership Program by Centre of Leadership Singapore (2015).

She is an active member of Good Corporate Governance Working Group in Bank Indonesia dan member of Compliance and AML
Working Group in Compliance Directors Communication Forum (FKDKP).

Currently Lucy Susiana Noor is a Certified Risk Management Level 4 (LSPP), Certified Bank Compliance Level 2 (LSPP) and
Certified Compliance Manager (CPM) by Indonesia Banker Association.
 Sulistyo Yuwono
Member of Nomination and
Remuneration Committee

Indonesian Citizen, 46 years old, domiciled in Jakarta.

60
Sulistyo Yuwono was appointed as member as well as the secretary of the Nomination and Remuneration Committee
BTPN Syariah since March 2017.

Sulistyo obtained Bachelor in Economics in Management from Gajahmada University. He holds 17 years of vast experience
in the Human Capital areas at the time of joining BTPN Syariah in 2016.

Previous positions have been held and current positions being held are including:

• Currently serves as the Head of Human Capital, responsible in Human Capital Management functions including
Resourcing, Learning & Talent Management, HC Business Partner, dan Reward, Performance Management & Industrial
Relations and HC Services;
• Country Head of Human Resources of Royal Bank Scotland (RBS) Indonesia in 2011-2016;
• Head of Remuneration & Benefits of ABN Amro Bank N.V, which in 2008 was acquired by RBS;
• Manager in Advisory Services Division, PricewaterhouseCoopers (PwC) in 2006;
• Associate Manager in Business Risk Services Division in Ernst & Young (EY) during 2002-2006, acquired in 2002 from
previously Arthur Andersen Business Consulting in which he had worked for since 1999;
• Member of Consulting Team in Centre of Research and Development, Gajahmada University in 1999.
• Management Trainee Astra Credit Companies in 1997-1998.

Sulistyo Yuwono does not hold any other position outside BTPN Syariah.
composition of shareholders of
BTPN Syariah
As of 31 December 2019

Ownership Structure
0.03%

PT Bank BTPN Tbk

Number of Shares : 5,392,590,000
Nominal Value of Shares (Rp) : Rp539,259,000,000

Public
29.97%
Number of Shares : 2,308,610,000
Nominal Value of Shares (Rp) : Rp230,861,000,000
70.00%
Treasury Shares
Number of Shares : 2,500,000 Total Number of Shares 7,703,700,000
Nominal Value of Shares (Rp) : Rp250,000,000 Total Nominal Value of Shares (Rp) Rp770,370,000,000

61
Authorized Capital Rp2,750,000,000,000

(Two Trillion Seven Hundred Fifty Billion Rupiah)

Issued and Paid Up Capital Rp770,370,000,000

(Seven Hundred Seventy Billion Three Hundred and

Seventy Million Rupiah)

Total number of shares 7,703,700,000 shares

Nominal Values of Shares Rp100 per share

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Controlling Shareholder

Name PT Bank BTPN Tbk

Ultimate Controlling Shareholder

Name Sumitomo Mitsui Financial Group

(through Sumitomo Mitsui Banking Corporation)
 about bank BTPN

PT Bank BTPN Tbk (Bank BTPN) is a foreign bank and is a merger between PT Bank Tabungan Pensiunan Nasional
Tbk (BTPN) and PT Bank Sumitomo Mitsui Indonesia (SMBCI).

Bank BTPN is focusing to serve the mass market segment comprising of retirees, micro, small and medium-
enterprises (MSME) and mass market; the consuming class segment; and corporate segment. The business
focuses are supported by Bank BTPN business units including BTPN Sinaya – a financing business unit, BTPN
Purna Bakti – a business unit focusing to serve retirees, BTPN Mitra Usaha Rakyat – a business unit focusing on
micro businesses, BTPN Mitra Bisnis – a business unit focusing on serving small and medium enterprises, BTPN
Wow! – a financial inclusiveness focusing on the unbanked segment, Jenius – a digital banking platform serving
the consuming class segment, and corporate business unit which focuses on serving national, multinational and
Japanese companies.

Like the two inseparable sides of a coin, the empowerment program is an integrated element in our business
model. Through our all products and activities, Bank BTPN always tries to create opportunities for our customers
to develop and live a more meaningful life.

ownership structure
As of 31 December 2019

62

Sumitomo Mitsui Financial Group

(SMFG)

100%

Treasury Public Sumitomo Mitsui Banking

Corporation BNI BCA
Shares (<5%)
(SMBC)

1.17% 5.23% 92.43% 0.15% 1.02%

Treasury Shares PT Bank BTPN Tbk Public

0.03% 70.00% 29.97%

BTPN Syariah

Ultimate Controlling Shareholders Sumitomo Mitsui Financial Group

(through Sumitomo Mitsui Banking Corporation)
Controllong Shareholders PT Bank BTPN Tbk (70%)
Non-Controlling Shareholders through capital market (≥5%) None
Non-Controlling Shareholders not through capital market (≥5%) None
corporate action

The Buy Back of Shares of BTPN Syariah

In line with the reformation in the global financial system and the principles of sound compensation practices for
which Indonesia as a member of G20 is committed to adopt such principles, the Sharia banking industry needs
to improve its resilience by improving governance in providing remuneration to cope with the dynamics of the
global economy and the application of prudent risk taking, in order to maintain the sustainability of the business
of the Bank, prevent the occurrence of moral hazards by prioritizing the application of prudent principles in the
bank management, maintain the healthiness level of the bank and mitigate the potential excessive risk taking by
decision makers.

As a public company, BTPN Syariah is committed to contribute in the Governance Implementation in Providing
Remuneration for Sharia Commercial Bank and Sharia Business Unit according to the Regulation of Financial
Services Authority No. 59/POJK.03/2017 and in line with the implementation of Basel II (especially Pillar 3 – Market
Discipline) in disclosing transparency to the public and market agents, particularly related to remuneration, to
encourage the discipline so that all stakeholders are able to provide appropriate evaluation while maintaining the
competitive advantage of the Bank.

BTPN Syariah ensures the availability of information, both qualitative and quantitative, that must be disclosed,
while keeping the focus on Remuneration System based on Sharia principles aimed at creating conducive and
productive working environment and expecting salvation in the world and the hereafter.

According the prevailing laws and regulations in the Republic of Indonesia, including the Law of Limited Liabilities
Company and Regulation of Financial Services Authority No. 30/POJK.04/2017 concerning the Buy Back of
the Shares Issued by Public Companies, BTPN Syariah had obtained the approval of Shareholders to execute
the Buy Bank of the Shares of Company in order to provide variable remuneration for the Board of Directors,
related to the Bank’s performance, by referring to the Resolutions of Shareholders in the Extraordinary General 63
Meeting of Shareholders PT Bank Tabungan Pensiunan Nasional Syariah Tbk No. 02 dated 2 September 2019 of
which the details are elaborated in the Report of Good Corporate Governance Implementation contained in this
annual report.

The implementation of the Buy Back shares of BTPN Syariah had been entirely completed on 23 October 2019 for
2,500,000 (two million five hundred) shares and had been reported in the Report of the Implementation of the
Buy Back of the Shares of BTPN Syariah to the Authority through the letter No. S.360/DIR/CSL/XII/2019 dated 6
December 2019 and disclosure of information concerning this matter had been made by publishing the information
in the websites of BTPN Syariah, the websites of Indonesian Stock Exchange that is integrated with the websites
of Financial Services Authority.

Track Record of the Buy Back of BTPN Syariah Shares in 2019

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Description Date

Submission of the Plan to Convene and the Information of the Agenda Item of the 17 July 2019
Extraordinary General Meeting of Shareholders BTPN Syariah to Financial Services
Authority

Announcement of the Plan to Convene the Extraordinary General Meeting of 25 July 2019
Shareholders BTPN Syariah and Disclosure of Information concerning the Buy Back of
the Shares of the Company

Invitation of Extraordinary General Meeting of Shareholders BTPN Syariah 9 August 2019

Convening of Extraordinary General Meeting of Shareholders BTPN Syariah 2 September 2019

Summary of the Resolutions of Extraordinary General Meeting of Shareholders BTPN 4 September 2019
Syariah published in the Newspaper and the Websites of BTPN Syariah

Implementation of the Buyback of the Shares of BTPN Syariah 23 October 2019

Submission of the Report of the Result of the Implementation of the Buyback of the 6 December 2019
Shares of BTPN Syariah
 BTPN Syariah Shares Ownership as of 31 December 2019

Shareholders of BTPN Syariah (as of 31 December 2019) Percentage Number of Shares

PT Bank BTPN Tbk 70.00 % 5,392,590,000

Public 29.97  % 2,308,610,000
Treasury Shares 0.03 % 2,500,000
Total 100.00 % 7,703,700,000

Numbers of shareholder and ownership percentage based on position classification

as of 31 December 2019

No. Ownership Status Shareholder Number Number of Shares Ownership Percentage

1 Indonesian Individual 3,897 14,156,683 0.18376

2 Cooperative 2 79,900 0.00104
3 Pension Fund 13 3,119,500 0.04049
4 Insurance 43 199,790,100 2.59343
5 Bank 2 5,395,090,000 70.03245
6 Limited Company 13 11,739 0.00015
7 Mutual Funds 87 75,398,275 0.97873
8 Foreign Individual 7 148,900 0.00193
9 Foreign Business Entity 392 2,015,904,903 26.16801
64 Total 4,456 7,703,700,000 100.00

The Changes of the Composition Members of the Board of Commissioners

in BTPN Syariah in 2019

The determination of the composition of the background to perform the supervisory function
Board of Commissioners BTPN Syariah considers to BTPN Syariah, a new member of the Board of
the complexity and the need of the Bank. The Commissioners was appointed to replace a member
Composition of the Board of Commissioners of the Board of Commissioners who resigned being
is based on the banking knowledge, expertise, effective from 2 September 2019.
professional experience, and background to support
the effectiveness of the undertaking of duties by The diversity of the members of the Board of
the Board of Commissioners without discriminating Commissioners and the composition of the members
gender, tribe, race and religion. of the Board of Commissioners is as elaborated
in the Report of Good Corporate Governance
In order to strengthen the members composition Implementation contained in this annual report.
and the ensure the diversity of the capability and
Realization of the Changes of Shares
Ownership as of 31 December 2019

Referring to the disclosure of information presented 2. On 13 and 18 February 2019, PT Triputra Persada
in the Annual Report 2018, and according to the Rahmat sold part of the shares ownership of
disclosure of information of PT Triputra Persada BTPN Syariah of 200,000,000 shares or 2.60%.
Rahmat (TPR), which at the time was one of the The selling of the shares resulted in the changes of
shareholders of BTPN Syariah, through the letter shares ownership composition from 720,370,000
dated 31 July 2018 concerning the Report of the shares initially or 9.35% to 520,370,000 shares or
Changes of Shares Ownership of PT Bank Tabungan 6.75%.
Pensiunan Nasional Syariah Tbk, TPR had completed
the transaction of selling the shares to the public for The Report of Ownership or Changes of
770,370,000 or 10% (ten percent). Ownership of Public Companies and the Report
of Changes of Ownership Composition of the
This selling of the shares resulted in the changes Bank had been submitted by BTPN Syariah in
of shares ownership of TPR di BTPN Syariah, from its disclosure of information to the Financial
1,540,740,000 shares initially or 20% to 770,370,000 Services Authority Banking and Capital
shares or 10%. Market Supervision, PT Bursa Efek Indonesia,
Indonesian Deposit Insurance Corporation and
Furthermore, changes in the ownership of TPR shares Share Registrar appointed by BTPN Syariah in
in BTPN Syariah are as follows: the Letter No. S.086/DIR/CSL/II/2019 dated
21 February 2019, Letter No. S.087/DIR/CSL/
1. On 4 February 2019, PT Triputra Persada Rahmat
II/2019 dated 21 February 2019 and Letter No.
sold part of the shares ownership of BTPN
S.088/DIR/CSL/II/2019 dated
Syariah of 50,000,000 shares or 0.65%. The
21 February 2019.
selling of the shares resulted in the changes of 65
shares ownership composition from 770,370,000 3. On 25 February 2019, PT Triputra Persada Rahmat
shares initially or 10% to 720,370,000 shares or sold part of the shares ownership of BTPN
9.35%. Syariah of 70,000,000 shares or 0.90%. The
selling of the shares resulted in the changes of
The Report of Ownership or Changes of
shares ownership composition from 520,370,000
Ownership of Public Companies and the Report
shares initially or 6.75% to 450,370,000 shares
of Changes of Ownership Composition of the
or 5.85%.
Bank had been submitted by BTPN Syariah in
its disclosure of information to the Financial The Report of Ownership or Changes of
Services Authority Banking and Capital Market Ownership of Public Companies and the Report
Supervision, PT Bursa Efek Indonesia, Indonesian of Changes of Ownership Composition of the

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Deposit Insurance Corporation and Share Bank had been submitted by BTPN Syariah in
Registrar appointed by BTPN Syariah in the Letter its disclosure of information to the Financial
No. S.065/DIR/CSL/II/2019 dated 12 February Services Authority Banking and Capital
2019, Letter No. S.066/DIR/CSL/II/2019 dated Market Supervision, PT Bursa Efek Indonesia,
12 February 2019 and Letter No. S.067/DIR/CSL/ Indonesian Deposit Insurance Corporation and
II/2019 dated 12 February 2019. Share Registrar appointed by BTPN Syariah in
 the Letter No. S.090/DIR/CSL/III/2019 dated 4 of Changes of Ownership Composition of the
March 2019, Letter No. S.091/DIR/CSL/III/2019 Bank had been submitted by BTPN Syariah in
dated 4 March 2019 and Letter No. S.092/DIR/ its disclosure of information to the Financial
CSL/III/2019 dated 4 March 2019. Services Authority Banking and Capital Market
Supervision, PT Bursa Efek Indonesia, Indonesian
4. On 8 March 2019, PT Triputra Persada Rahmat Deposit Insurance Corporation and Share
sold its part of the shares ownership of BTPN Registrar appointed by BTPN Syariah in the Letter
Syariah of 70,000,000 shares or 0.91%. The No. S.112/DIR/CSL/III/2019 dated 14 March 2019,
selling of the shares resulted in the changes of Letter No. S.113/DIR/CSL/III/2019 dated 14 March
shares ownership composition from 450,370,000 2019, and Letter No. S.114/DIR/CSL/III/2019
shares initially or 5.85% to 380,370,000 shares dated 14 March 2019.
or 4.94%.
*) Note: The ownership composition of PT Triputra
The Report of Ownership or Changes of Persada Rahmat as of 8 March 2019 was 4.94% (Shares
Ownership of Public Companies and the Report ownership < 5%, is categorized as Public ownership.)

Realization of Employee Stock Allotment

66 (ESA) Program

Board of Directors Circular Decision taken apart from

ESA Program Policy
the Meeting of Board of Directors PT Bank Tabungan
ESA Program in BTPN is part of the Initial Public Pensiunan Nasional Syariah No. 019/CIR/DIR/XI/2017
Offering whereby each the employee who is entitled dated 14 November 2017; and (ii) Minutes of Meeting
for such program will get the allocation to buy of the Remuneration and Nomination Committee No.
the shares according to the fixed allotment of the MOM.003/RNC/XI/2017 dated 16 November 2017.
offered shares.
The ESA policy is adherence to the regulations in BTPN
As written in the Prospectus, the objectives of the Syariah, including the Company Regulation, Human
ESA Program are: (i) to increase the motivation and Capital Procedures and Code of Ethics.
sense of belonging of the employees who contribute
to the growth and long term profitablity of BTPN Realization of ESA Program in 2019
Syariah; (ii) to retain the key employees and keep their
best contribution to BTPN Syariah; (iii) to align the In 2019, the lock up period of ESA BTPN Syariah was
interests of employees and the shareholders; and (iv) opened on 8 May 2019 and stipulated in the Decree of
to encourage the employees to always deliver their the Board of Directors No. SK.004/DIR/HC/V/2019
best performance to BTPN Syariah. dated 23 May 2018 concerning the Rules of Collective
Sales of ESA 2019.
The ESA Program is administered by granting the
shares to BTPN Syariah employees who are entitled BTPN Syariah facilitated the employees intending
to participate in the ESA Program. The employees to sell the shares collectively through the securities
who are intitled to participate in this program are company Ciptadana on 24 May 2019 by issuing the
BTPN Syariah employees Grade 8 (Junior Assistant Decision of the Human Capital Committee as stated
Manager) and above, all Business Managers, and all in the Minutes of Meeting of the Human Capital
Senior Community Officer listed on the employee Committee MOM/02/KHC/II/2019 dated 4 April 2019.
data as of 31 December 2017; as stipulated in the (i)
information for the shareholders

Name PT Bank Tabungan Pensiunan Nasional Syariah Tbk

Address of Head Menara BTPN 12th Floor
Office & Corporate CBD Mega Kuningan
Secretary Jl. Dr. Ide Anak Agung Gde Agung Kav. 5.5-5.6, Jakarta Selatan 12950
Telephone : +62-21 300 26 400
Facsimile : +62-21-292 72 096 (general)
Business Banking services based on sharia principles
Ownership PT Bank BTPN Tbk (70.00%)
Public (29.97%)
Treasury Shares (0.03 %)
Year of 1991
Establishment
Legal Basis of • Articles of Incorporation Number 10 dated March 7, 1991, subsequently amended by Deed
Establishment of Amendment to Articles of Association Number 39 dated 25 May 1992 and Deed of
Amendment to Articles of Association Number 25 dated 11 July 1992 made before Notary H.
Abu Jusuf, S.H.;

• Deed of Statement of Resolutions of Meeting Number 5 dated 27 August 2007 made before
Notary Winarti Lukman Widjaja, S.H., on adjustments according to Law Number 40 of 2007
on Limited Liability Companies and approved by the Minister of Law and Human Rights
67
of the Republic of Indonesia dated 18 January 2008 Number AHU-02507.AH.01.02.Tahun
2008, published on Official Gazette of the Republic of Indonesia dated 14 March 2008
Number 22, Supplement Number 3032;

• Deed of Statement of Resolutions of Extraordinary General Meeting of Shareholders No.

01 dated 1 April 2009 made before Notary Winarti Lukman Widjaja, S.H., on the change
of name from PT Bank Purba Danarta to PT Bank Sahabat Purba Danarta and approved
by the Minister of Law and Human Rights of the Republic of Indonesia dated 22 July 2009
Number AHU-34303.AH.01.02.Tahun 2009;

• Deed of Amendment to Articles of Association Number 25 dated 27 August 2013 in

conjunction with Notarial Deed Number 30 dated 25 September 2013 made before Notary

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Hadijah S.H., M.KN on the change of name from PT Bank Sahabat Purba Danarta (BSPD)
to PT Bank Tabungan Pensiunan Nasional Syariah (BTPN Syariah) and approved by the
Ministry of Law and Human Rights pursuant to Decree No. AHU-50529.AH.01.02. tahun
2013 dated 1 October 2013 and published on Official Gazette Number 94, Supplement No.
124084 dated 22 November 2013;

• Deed of Statement of Shareholders’ Resolutions Number 15 dated 31 October 2013 made

before Notary Indah Indriani, S.H., M.Kn., on the change of the Company’s domicile from
Semarang to South Jakarta and registered at the Ministry of Law and Human Rights of the
Republic of Indonesia pursuant to decision and Approval for Amendment to the Company’s
Articles of Association Number AHU-60408.AH.01.02.Tahun 2013 dated 21 November
2013 and Receipt of Notification of Amendment to the Company’s Articles of Association
Number AHU.AH.01.10-47895 dated 12 November 2013;

• Deed of Statement of Resolutions of Meeting (Capital Increase and Amendment to Articles

of Association) Number 27 dated 30 January 2014 made before Hadijah, S.H., M.Kn. on the
spin-out of Unit Usaha Syariah PT Bank Tabungan Pensiunan Nasional Tbk (“UUS BTPN”)
from PT Bank Tabungan Pensiunan Nasional Tbk (“BTPN”) and having obtained Notification
of Amendment to Articles of Association of PT Bank Tabungan Pensiunan Nasional Syariah
Number AHU-AH.01.10-04338 dated 12 February 2014;
 • Deed of Statement of Shareholders’ Resolutions on the Amendment to Articles of
Association Number 57 dated 16 November 2017 made before Notary Jose Dima Satria,
S.H., M.Kn on the change of status to public company and approved by the Minister of Law
and Human Rights of the Republic of Indonesia by virtue of his Decree dated 16 November
2017 Number AHU-0024076.AH.01.02.Tahun2017, and of which notification of amendment
to Articles of Association has been received and recorded by the Minister of Law and Human
Rights of the Republic of Indonesia pursuant to his letter dated 16 November 2017 Number
AHU-AH.01.03-0191730;

• Deed of Statement of Shareholders’ Resolutions on the Amendment to Articles of

Association Number 8 dated 5 April 2018 made before Notary Jose Dima Satria, S.H., M.Kn.
on the amendment to Articles of Association of BTPN Syariah and approved by the Minister
of Law and Human Rights of the Republic of Indonesia by virtue of his Decree dated 10 April
2018 Number AHU-0007953.AH.01.02.Tahun 2018;

• Deed of Statement of Shareholders’ Resolutions on the Amendment to Articles of

Association Number 178 dated 31 May 2018 made before Notary Jose Dima Satria, S.H.,
M.Kn. on the amendment to Articles of Association (capital) of BTPN Syariah and having
obtained notification that its amendment to Articles of Association has been received and
recorded by the Minister of Law and Human Rights of the Republic of Indonesia pursuant to
dated 21 June 2018 Number AHU-AH.01.03-0215425;

• Deed of Statement of Resolutions of Extraordinary General Meeting Number 02 dated 2,

2 September 2019 made before Notary Ashoya Ratam, S.H., M.Kn. on the Compositions
of Board of Commissioners, Board of Directors, and Sharia Supervisory Board and having
68 obtained notification of changes to the Company Data dated 17 September 2019 Number
AHU-AH.01.03-0332927.

Authorized Capital Rp2,750,000,000,000 (Two Trillion Seven Hundred Fifty Billion Rupiah)
Issued and Paid Up Rp770,370,000,000 (Seven Hundred Seventy Billion Three Hundred Seventy Million Rupiah)
Capital
Stock Exchange Indonesia Stock Exchange
• Registration Statement from Capital Market Supervision Division of Financial Services
Authority effective on 25 April 2018
• Registered at Indonesia Stock Exchange on 3 May 2019
• Listing and Initial Public Offering on 8 May 2018

Stock Code BTPS

ISIN Code ID1000142805
Website & Email www.btpnsyariah.com
Corsec@btpnsyariah.com
corporatecommunications@btpnsyariah.com

Annual Reports and other information about BTPN Syariah are available on the Company’s
Website
 Social Media Instagram : @btpnsyariah
https:///www.instagram.com/btpnsyariah/

Facebook : @btpnsyariah.id
https://facebook.com/btpnsyariah.id

Youtube : BTPN Syariah

https://www.youtube.com/c/BTPNSyariah

Linkedin : BTPN Syariah

https://www.linkedin.com/company/btpnsyariah
Rating (Fitch) National Long-Term:
AA+ (idn) with Stable Rating per 14 February 2019
Annual General Annual General Meeting of Shareholders of BTPN Syariah will be held on 16 April 2020
Meeting of
Shareholders
Taxpayer PT Bank Tabungan Pensiunan Nasional Syariah Tbk
Identification 01.551.806.1-511-000
Number (TIN)
Business PT Bank Tabungan Pensiunan Nasional Syariah Tbk
Registration 9120209291387 dated 18 February 2019
Number (NIB)
Independent Siddharta Widjaja dan Rekan
Auditor (an Indonesian partnership and member firm of the KPMG network of independent member 69
firm affiliated with KPMG International Cooperative)

Wisma GKBI 32nd floor, Jl. Jend. Sudirman No. 28, Jakarta 10210, Indonesia
Telephone : +62 21 574 2333
Facsimile : +62 21 574 1777
Share Registrar PT Datindo Entrycom
Jl. Hayam Wuruk No. 28
Jakarta 10120
Telephone : +62 21 350 8077 (Hunting)
Facsimile : +62 21 350 8078
Credit Rating PT Fitch Ratings Indonesia

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Agency DBS Bank Tower, 24th floor, Suite 2403
Jl. Prof. Dr. Satrio Kav. 3-5
Jakarta 12940
Telephone : +62 21 2988 6800
Facsimile : +62 21 2988 6822
Corporate Arief Ismail
Secretary Menara BTPN 12th Floor
CBD Mega Kuningan
Jl. Dr. Ide Anak Agung Gde Agung Kav. 5.5-5.6, Jakarta Selatan 12950
Telephone : +62 21 300 26 400
Facsimile : +62 21 292 72 096
Email : corsec@btpnsyariah.com

 brief history of BTPN Syariah

PT Bank Tabungan Pensiunan Nasional Syariah On 20 January 2014, the Extra Ordinary General
(“BTPN Syariah”) was built from the formerly Meeting of Shareholders BTPN has approved the Unit
established PT Bank Purba Danarta (BPD), based on Usaha Syariah PT Bank Tabungan Pensiunan Nasional
Notarial Deed No. 10 dated 7 March 1991 which was Tbk (“UUS BTPN”), by which the establishment of UUS
the amended with Notarial Deed on Amendment to BTPN had been agreed pursuant to the Letter of Bank
the Article of Association No. 39 dated 25 May 1992 Indonesia No. 10/2/DPIP/Prz/Bd dated 17 January
and Notarial Deed No. 25 dated 11 July 1992; all the 2008, spin off from BTPN as stipulated in the Notarial
three were made by Notary Haji Abu Jusuf, S.H. in Deed on the UUS BTPN Spin Off by Transfering
Jakarta and had been approved by the Minister of the Rights and Obligations of the Company, No. 8
Judiciary of the Republic of Indonesia whose name dated 4 July 2014 by the Notary Hadijah, S.H., M.Kn.,
was then changed from time to time and became the in Jakarta Pusat. The spin off was administered
Minister of Law and Human Rights (“Menkumham”) in compliance to the Regulation of Bank Indonesia
in its decree No. C2.5839.HT.01.01-TH.92 dated 21 July No. 11/10/PBI/2009 which was then amended with
1992 and had been registered in the court registry Regulation of Bank Indonesia No. 15/14/PBI/2013
office in Semarang on 30 July 1992 No. 206A/1992/ concerning Sharia Business Unit. As stipulated in
II and had been published in State Gazette of the the Regulation of Bank Indonesia regarding Sharia
Republic of Indonesia No. 81 dated 9 October 1992, Business Unit which specifically mentions about the
70 Supplement to No. 5020 (“Notarial Deed”) with Sharia Business Unit spin off; Bank BTPN then decided
the business license to perform business activities to spin off the Sharia Business Unit (UUS) by means
as a Commercial Bank pursuant to the Decree of of transfering the rights and obligations of the UUS
Minister of Finance Republic of Indonesia No. 1060/ BTPN to the established Sharia business entity.
KMK.017/1992 dated 14 October 1992.
Upon the decision on UUS BTPN spin off by the Extra
The company then changed the name to Bank Ordinary General Meeting of Shareholders BTPN on
Sahabat Purba Danarta (BSPD) in 2009 and finally 20 January 2014; BTPN then acquired 70% (seventy
to PT Bank Tabungan Pensiunan Nasional Syariah percent) of the Company shares, by taking part in the
pursuant to the Amendment to the Articles of newly issued shares of the Company on 30 January
Association on 27 August 2013 on Notarial Deed 2014. The 70% acquisition of the Company shares had
No. 25 by Notary Hadijah, S.H. in Jakarta and was previously been agreed by Bank Indonesia pursuant to
approved by the Minister of Law and Human Rights the Letter of Bank Indonesia No. 15/10/DPB1/PB1-5/
(“Menkumham”) of Republic of Indonesia (“RI”) in its Confidential dated 19 July 2013 under one condition
Decree Nomor AHU-50529.AH.01.02. Year 2013 dated that PT Bank Sahabat Purba Danarta (now BTPN
1 October 2013 and has been published in the State Syariah) is to be converted from the conventional
Gazette of the Republic of Indonesia No. 94 Year 2013, commercial bank to the Sharia Commercial Bank.
Supplement to the State Gazette of the Republic of
Indonesia No. 124084 dated 22 November 2013.
To execute the spin off decision, PT Bank Sahabat a. The Notarial Deed of the Shareholders Decision
Purba Danarta (now BTPN Syariah) must, as No. 57 dated 16 November 2017, by Notary
conditioned by Bank Indonesia approval on the 70% Jose Dima, S.H. in Administrative City Jakarta
acquisition of the Company by BTPN, obtained the Selatan, which was approved by the Minister
license to convert the business activities from the of Law and Human Rights (“Menkumham”) of
previously Conventional Commercial Bank to become Republic of Indonesia (“RI”) in its Decree No.
a Sharia Commercial Bank. PT Bank Sahabat Purba AHU-0024076.AH.01.02.TAHUN 2017 dated
Danarta (now BTPN Syariah), was then granted 16 November 2017 and registered in the List of
the license by the Financial Services Authority to Companies in the Ministry of Law and Human
convert the business activities from the previously Rights No. AHU-0145670.AH.01.11.TAHUN 2017
Conventional Commercial Bank to become a Sharia dated November 16, 2017 and was notified to
Commercial Bank pursuant the Letter of Financial the Minister of Law and Human Rights upon the
Services Authority No. S-67/PB.131/2014 dated 23 May acknowledgement of the receipt of the Letter
2014 concerning the Decision to Grant the License to of Notification on Ratification of the Article of
Convert the Conventional Commercial Bank Activities Association No. AHU-AH.01.03-0191730 dated
to Sharia Commercial Bank, issued by Director of November 16, November 2017 and was registered
Research, Development, Management and License of in the List of Companies in the Ministry of Law
Sharia Banking. and Human Rights No. AHU-0145670.AH.01.11. 71
TAHUN 2017 dated 16 November 2017 (“Deed
With license for conversion, the Company was then No. 57/2017*”). The announcement of Deed
granted approval from Financial Services Authority to No. 57/2017* in the State Gazette Repulic of
administer the UUS BTPN Spin off to the Company, Indonesia is now still in progress. According to
pursuant to Letter of Financial Services Authority the Deed No. 57/2017, the shareholders of the
No. S-17/PB.1/2014 dated 23 June 2014 regarding the Company has approved the following:
Request for UUS BTPN Spin off, issued by Deputy
Commissioner Banking Supervision I Financial i. The change of the Company status from
Services Authority. Close Company to Public Company and the
change of the name of the Company, from
Since its establishment, the Article of Association previously PT Bank Tabungan Pensiunan

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

of the Company has been amended several times, Nasional Syariah to PT Bank Tabungan
and the latest amendments were contained in the Pensiunan Nasional Syariah Tbk., which
following Deeds: accordingly amend Article 1 of the Company
Article of Association
 ii. The change of the intent, objectives and vi. Amend all the Article of Association of BTPN
business activities of the Company to align Syariah as Public Company to be aligned
with the core and supporting business to the laws and regulations of the Capital
activities that has been done or to be done by Market in Indonesia.
the Company, according to the Regulations of
Bapepam and LK No. LK No. IX.J.1 regarding b. The Notarial Deed concerning Shareholders
the Articles of Association of Companies Decision on the Amendment of the Article of
Making Public Offering in Equity and Public Association No. 8 dated 5 April 2018, by the
Company, the Attachment of The Chairman Notary Jose Dima Satria, S.H., M.Kn., in Jakarta
of Bapepam and LK. No. Kep-179/BL/2008 Selatan, that has been approved by the Miniter
dated 14 May 2008, which accrodingly of Laws and Human Rights with the Decree of
amend Article 3 of the Company Article of Miniter of Laws and Human Rights No. AHU-
Association; 0007953.AH.01.02.Year 2018 dated 10 April 2018,
iii. Agree on the changes of the nominal that has been notified to the Miniter of Laws
value of the Company Shares from initally and Human Rights as stated in the Receipt of the
Rp1,000,000 per share to Rp 100 per share, Notification of the Amendment to the Article of
which accordingly amend Article 4 paragraph Association No. AHU-AH.01.03-0140091 dated
72 (1) of the Company Article of Association; 10 April 2018, and both have been registered in
iv. Initial Public Offerings/IPO of BTPN Syariah the List of Companies in the Ministry of Laws
by issuing new shares from BTPN Syariah and Human Right under No. AHU-0049951.
porfolio at the maximum by 770,370,000 AH.01.11. Year 2018 dated 10 April 2018 (”Deed
shares with the nominal value per share of No. 8/2018”). According to Deed No. 8/2018,
Rp100 (one hundred Rupiah), to be offerred the shareholders of the Company agreed on the
to people in the Republic of Indonesia and to following:
be listed in the Indonesian Stock Exchange,
including an allocation of the newly issued i. Increase the Company authorized Capital
shares of at the maximum 10% of the new from initially 15,000,000,000 shares with
shares issued during the IPO for Employee the nominal value of Rp1,500,000,000,000,
Stock Allocation (“ESA”) according to the whereby the additional authorized capital
terms and conditions that will be further made the Company authorized capital
stipulated by the Board of Directors of the amounted to 27,500,000,000 shares with
Company in accordance to the prevailing the nominal value of 2,750,000,000,000,
laws and regulations, including but not that accordingly amend Article 4 paragraph 1
limited to the laws and regulations in the of the Company Article of Association;
Capital Market in Indonesia and regulations ii. Amend Article 4 paragraph (4) of the
of the Indonesian Stock Exchange where the Company Article of Association regarding
Company shares are listed. Capital;
v. Release the rights of the Company
shareholders to take part of new shares
issued in the Company Inital Public Offering;
and
iii. Amend Article 6 paragraph (3) of the xii. Amend Article 24 paragraph (1) of the
Company Article of Association regarding Company Article of Association regarding the
Replacement of Shares Certificate; Use of Profit and the Allocation of Dividends.
iv. Amend Article 8 paragraph (5), paragraph (7)
and paragraph (9) of the Company Article of The Company has reported the amendments to
Association regarding the Transfer of Rights the Article of Association according to the Deed
to Shares; No. 8/2018 to the Department of Sharia Banking
v. Amend Article 10 paragraph (5), paragraph Financial Services Authority as stated in the Compay
(8), paragraph (12), paragraph (13) and Letter No. No. S.179/DIR/LG/IV/2018 and No. S.180/
paragraph (14) of the Company Article of DIR/LG/IV/2018 dated 12 April 2018.
Association regarding the Location, Invitation
and Chairman of the Annual General Meeting c. The Notarial Deed concerning Shareholders
of Shareholders; Decision on the Amendment of the Article of
vi. Amend Article 13 paragraph (1) of the Association No. 178 dated 31 May 2018 by the
Company Article of Association regarding Notary Jose Dima Satria, S.H., M.Kn., in Jakarta
Consolidation, Merger, Takeover, Spin Off and Selatan, with a Receipt of the Notification Letter
Liquidation; regarding the Amendment to the Article of
vii. Amend Article 14 paragraph (7) of the Association No. AHU-AH.01.03-0215425 dated 73
Company Article of Association regarding the 21 June 2018, that has been registered in the List
Board of Directors; of Companies the Ministry of Laws and Human
viii. Amend Amend Article 15 paragraph (1), Right under No. AHU-0081561.AH.01.11. year
paragraph (3), paragraph (5), paragraph (9) 2018 dated 21 June 2018 (”Deed No. 178/2018”).
and paragraph (10) of the Company Article According to the Deed No. 178/2018, the
of Association regarding the Duties and shareholders of the Company agreed on the
Authorities of the Board of Directors; following:
ix. Amend Article 16 paragraph (1), paragraph
(10) and paragraph (11) of the Company I. Declare in the Notarial Deed the increase of
Article of Association regarding the Board of issued and paid-up capital of BTPN Syariah in
Directors Meeting; relation to the Initial Public Offering of BTPN

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

x. Amend Article 17 paragraph (6), paragraph Syariah, the number of shares purchased
(8) and paragraph (9) of the Company during the Initial Public Offering of BTPN
Article of Association regarding the Board of Syariah, and the composition of shares
Commissioners; ownership in BTPN Syariah after the Initial
xi. Amend Article 19 paragraph (1), paragraph Public Offering of BTPN Syariah and list the
(2), paragraph (3), paragraph (7), paragraph shares on the Indonesian Stock Exchange;
(8), paragraph (10), paragraph (11), Ii. Agree on the initial offering price proposed by
paragraph (12) and paragraph (14) of the the Board of Directors of BTPN Syariah;
Company Article of Association regarding the Iii. Agree on the exact number of shares to be
Board of Commissioners Meeting; offerred as proposed by the Board of Directors
of BTPN Syariah.
74
 03
and analysis
management discussion
75

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

76

Mizia, a financing customer from Padang.

Regularly managing her finances with

discipline. Together with her husband,
Mizia runs a local grocery store.

#deminiatbaik (for good intention)

financial
review

77

Financial performance
continues to grow prudently
while the quality of financing
also being well maintained

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

 economic review

2019 was the year with global uncertainty. Several risks Amongst the developed economy, the growth of US
and challenges in global economy were prevailing in economy was still considered good. In particular,
2019. The exit of The United Kingdom (BREXIT) from this was supported by, the decrease of US interest
the European Union, democration process and the rate by the Central Bank, the Federal Reserve. This
protest against the extradition bill in Hongkong that caused the slightly weakening US currency to several
created turmoil and worsening economy in Hongkong, other currencies in the world. For several developing
trade war between the world’s largest economy: US countries, this made the currency to be more stable,
vs China, economic crisis in Argentina after Mauricio and in Indonesia, Rupiah tended to strengthen.
Macri, the incumbent president, lost the general
election causing its currency to weaken significantly, In the early 2019, the Rupiah currency was at Rp14,390
the increasing tension in Middle East due to the per USD, but towards the end of the year, the value of
bombing of oil refinery in Saudi Arabia by Iran, and also Rupiah strengthened and closed the year at Rp13,866
the death of Iranian General, Qasem Soleimani in drone per USD. The strong Rupiah and well-controlled
attack by the US at the end of 2019. inflation rate, and completion of General Election
were several consideration for Bank Indonesia to
Such global situation caused the capital market, gradually decrease the reference interest rate (repo
78 balance of trade, currencies in many countries and interest rate 7 days) by 100 basis points, from 6.0% in
the prices of main commodities in 2019 to fluctuate the beginning of the year to 5.0% in the end of 2019.
sharply. The domestic situation in 2019 was also This prevented the growth of Indonesian economy
filled with uncertainty, the simultaneous General from declining to below 5%. Along the year, inflation
Election for President, Vice President and the House was also well-controlled at 2.72% that was still within
of Representatives. the target range of inflation rate of the government.
Foreign exchange reserves at the end of 2019 was
The world economy only grew by 2.9% in 2019 that USD 129.2 billion which was quite high, almost as high
was lower than the growth in 2018 of 3.0%. In the as the highest foreign exchange reserves of Indonesia
middle of the slowing down world economy, the in 2017 at USD 130.2 billion. This also meant that
Indonesian economy was still able to grow at 5.02% Indonesian foreign exchange reserves were adequate
in 2019, although that was still below the government to maintain the stability of Rupiah currency.
targeted growth of 5.2%. This was mainly because
of the increasingly heating trade war between USA At the end of 2019, the IDX Composite (composite
and China. Those two largest economies in the world index) in Indonesian Stock Exchange was closed at
threatened each other to increase the tariff to the 6.299, slightly above the closing position at the end
imported goods impacting to many countries involved of 2018 at 6.194. The credit rating of Indonesia from
in the global production value chain. two credit rating agencies in the world, Standard &
Poor’s (S&P) and Fitch Ratings was in rating BBB or
“investment grade”.
Graphic Indonesian Macroeconomic Indicators

14,600 7

6
5.75 6
14,400 5.5
5.25

5
14,200

4
3.49 3.39
14,000
3.13 3
3

13,800
2

13,600
1

13,400 0

Dec’18 Jan’19 Feb’19 Mar’19 Apr’19 May’19 Jun’19 Jul’19 Aug’19 Sep’19 Oct’19 Nov’19 Dec’19

IDR 79
ID Inflation rate

7D RR Rate

Indonesia GDP and 7D RR Rate

5.2 6.20
5.18
6.00
6.00
5.15
5.75 5.80

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

5.1 5.60
5.50
5.07

5.05 5.40
5.05 5.25

5.02 5.20

5 5.00
5.00
4.80
4.95
4.60

4.9 4.40
Dec’18 Jan’19 Feb’19 Mar’19 Apr’19 May’19 Jun’19 Jul’19 Aug’19 Sep’19 Oct’19 Nov’19 Dec’19

Indonesia GDP

7D RR Rate
 sharia banking industry review

The Sharia banking industry in Indonesia presents By the end of December 2019, the total number of
big potential. In addition, the Sharia banking delivers Sharia commercial Bank was 14, the total number of
positive contribution to support financial inclusion, Sharia Business Unit was 20 and the the Sharia Rural
especially to the society that was once not reachable Banks declined to 164 from previously 167 in December
by the formal financial services, or often called 2018. With the total number of customers of Sharia
the “unbankable”. banks in Indonesia at 32 million customers, the overall
sharia banking industry has big potential to expand
The financing of Sharia Commercial Banks and Sharia the market share. At the end of 2019, the Financial
Business Units to the non-bank third parties grew Services Authority recorded that the market share of
at 10.9% (December 2019 – December 2018), with sharia banking to the total assets of the banks was
the total volume of financing of Rp355.2 trillion in above 6%.
December 2019. In the funding side, third party funds
80 of Sharia Commercial Banks and Sharia Business The sharia banking industry is in a strategic position
Units grew at 12.03% with the total funding of to support the business financing needs of the
Rp416.6 trillion in December 2019. The Financing to segment that had not been reached by banking
Deposit ratio of Sharia Commercial Banks and Sharia industry before. Therefore, sharia banking industry
Business Units in December 2019 was 85.3% that can contribute in the endeavor to eradicate poverty
reflected a solid financial condition. the reduce the social gap in our country. In addition
to that, with the optimum use of technology, the
In terms of financing quality, the Non-Performing growth and spread of sharia financial services to
Financing was at 3.1% in December 2019, slightly all communities to improve financial inclusion will
increased from the December 2018 position of 2.85%. be realized.
In terms of cost, the operational cost efficiency – Cost
to Income Ratio was at 82.51% in December 2019,
better than the ratio in December 2018 at 85.5%.
All those ratios led the Capital Adequacy Ratio
to strengthen at 20.6% in December 2019 slightly
stronger than the position in December 2018 at 20.4%
business overview

Eventhough the slowing down trend was prevailing BTPN Syariah continues to explore new business
in financial industry, Praise to the Lord, it did not potentials that are in line with the Key Strategic
significantly impact BTPN Syariah. In addition Initiatives. Several initiatives to develop the business
to providing products to address the needs of of BTPN Syariah in 2019 included managing and
productive underprivileged customers, the effective improving sales growth and introducing funding
empowerment activities in customer servicing was products, increasing assets through working capital
the main aspect that accelerates the realization of financing products in multifinance, exploring fee-
good intention, with particular focus to shape and based income through collaboration and partnership,
nurture the character and behaviors of Courage to and focusing to improve service, quality and process in
Do Business, Discipline, Hard Work and Solidarity in all functions.
the customers.
At the same time, BTPN Syariah continued to
In addition to the focus to serve the productive strengthen the capability to keep the Bank slim and 81
underprivileged segment, the growth in 2019 was agile and to improve the infrastructure to support
also supported by the digitalization and automation business activities to deliver respectable performance
in all processess that had started since 2018, both in 2019. All those activites were aimed at realizing
in Head Office and in the field. BTPN Syariah has good intention faster, for all stakeholders.
also designed the digitalization and automation to
support the team in the filed in serving the customers.
Besides, digitalization also optimized the function of
office network.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

 financial performance

As a public company, BTPN Syariah always operates the business in transparent manner and keep the high
standard of corporate governance. The good management and financial performance ensures #bankirpemberdaya
(bankers who empower) to develop products and services that suit the needs of the customers in order to realize
good intention faster both for the customers and the #bankirpemberdaya.

In 2019, the financing* of BTPN Syariah grew at 23.7%, above the average of banking industry. Along that line,
total assets also grew at 27.8%. Along the year, in addition to increasing financing, BTPN Syariah also improved
operational efficiency and network effectiveness. Those efforts resulted in the improved net profit of BTPN
Syariah increasing 45.0% to Rp1.4 trillion in 2019.

Financial Position

Assets and Liabilities

(in million rupiah)

31 December Increase/Decrease
2019 2018 Balance Percentage
Financial Position Report
ASSETS      

Cash 711,333 415,583 295,750 71.2%

Current Account and Placement in Bank Indonesia 3,108,402 2,640,552 467,850 17.7%
82
Accrued income from placement in Bank Indonesia 74,010 28,437 45,573 160.3%

Current Account with other banks 37,867 42,465 (4,598) -10.8%

Placement in Other Bank - 275,000 (275,000) -100.0%

Investments in marketable securities 2,071,753 1,030,689 1,041,064 101.0%

Accrued income from Investments in marketable securities 14,836 7,361 7,475 101.5%

Securities purchased under resell agreement (Reverse Repo) - - - 0%

Murabahah Receivables 8,969,565 7,277,011 1,692,554 23.3%

Accrued income of Murabahah Receivables 89,601 82,139 7,462 9.1%

Deducted by: Provisions for Impairment Losses (291,820) (215,949) (75,871) 35.1%

Qardh Financing 872 152 720 473.7%

Musyarakah Financing 28,838 - 28,838 100.0%

Fixed Assets – Net 209,550 176,801 32,749 18.5%

Intangible Assets – Net 66,794 45,734 21,060 46.0%

Deferred Tax Asset 144,875 99,584 45,291 45.5%

Other Assets 146,562 133,716 12,846 9.6%

Total Assets 15,383,038 12,039,275 3,343,763 27.8%

*) Include murabahah receivables, musyarakah financing and funds of qardh

 (in million rupiah)

31 December Increase/Decrease
2019 2018 Balance Percentage
LIABILITIES

Customer Deposits and Temporary Syirkah Fund 9,446,549 7,612,114 1,834,435 24.1%

Tax Payable 74,583 106,444 (31,861) -29.9%

Employees Benefit Liabilities 210,655 146,423 64,232 43.9% 83

Other Liabilities 257,931 177,362 80,569 45.4%

Total Liabilities and Temporary Syirkah Fund 9,989,718 8,042,343 1,947,375 24.2%
EQUITY

Share Capital 770,370 770,370 - 0%

Additional Paid-in Capital 846,440 846,440 - 0%

Other Reserves 24,441 27,075 (2,634) -9.7%

Retained Earnings 3,761,832 2,353,047 1,408,785 59.9%

Treasury Shares (9,763) - (9,763) 100.0%

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Total Ekuitas 5,393,320 3,996,932 1,396,388 34.9%

As of 31 Dec 2019, BTPN Syariah booked total assets of Rp15.4 trillion with the total financing (murabahah,
musyarakah and qardh) of Rp9.0 trillion. This represented annual financing growth rate of 23.7% from last year.

Along with the financing growth, BTPN Syariah also booked increase of third party funds by Rp1.8 trillion or 24.1%
growth from last year. The funding structure of BTPN Syariah as of 31 December 2019 consisted of Time Deposit
78.8%, Current Account & Saving Account (CASA) 21.2%.
 Profitability Level

Income Statement
(in million rupiah)

31 December Increase/Decrease
 
  2019 2018 Balance Percentage
Statement of Profit and Loss and and Other
Comprehensive Income        

Net Margin Income 3,933,765 3,079,594 854,171 27.7%

Other Operating Income 17,742 13,149 4,593 34.9%

Total Operating Income 3,951,507 3,092,743 858,764 27.8%

Provisions for allowance of impairment losses on earning
assets and others (309,402) (275,902) 33,500 12.1%

Other operating expenses (1,761,041) (1,514,292) 246,749 16.3%

84
Operating Income 1,881,064 1,302,549 581,515 44.4%

Profit Before Tax 1,878,249 1,299,019 579,230 44.6%

Net Profit 1,399,634 965,311 434,323 45.0%

In 2019, the Net Margin Income and Total Operating Income increased by 27.7% and 27.8% each amounting to
Rp3.93 trillion and Rp 3.95 trillion respectively, along with the financing growth of BTPN Syariah and the margin
cost that was well controlled.

The operating expense (excluding the provisions for allowance of impairment losses on earning assets) grew by
16.3% to Rp1.8 trillion, whereas the operational cost on operational revenues kept decreasing to 58.1% from 62.4%
last year. This reflected the improved efficiency of BTPN Syariah in operating the business.

Cost of credit was also controlled well, resulting in NPF at 1.36%.

As a result of several initiatives, BTPN Syariah was able to increase the Net Profit After Tax (NPAT) by 45.0%
making the NPAT to Rp1.4 trillion. This brought the Return on Assets (RoA) to increase to 13.6% and Return on
Equity (RoE) to 31.2%
cash flow

(in million rupiah)

31 December Increase/Decrease
 
  2019 2018 Balance Presentase

Net Cash Flow of Operating Activities 524,453 676,717 (152,264) -22.5%

Net Cash Flow for Investing Activities (1,488,581) (402,683) (1,085,898) 296.7%
Net Cash Flow of Funding Activities (9,763) 735,021 (744,784) -101.3%
(Decrease)/Increase in Cash and Net Cash
Equivalent (973,891) 1,009,055 (1,982,946) -196.5%
Cash and Cash Equivalent in the beginning
of the year 2,953,307 1,944,252 1,009,055 51.9%

Cash and Cash Equivalent in the end of the year 1,979,416 2,953,307 ( 973,891) -33.0%
85

At the end of 2019, the balance of cash and cash equivalent decreased 33.0% to 2.0 trillion compared to Rp2.9
trillion last year. The decrease was due to the decrease in net cash flow provided from the operating activities of
Rp152.3 billion and the increase in net cash flow used in investing activities of Rp1.1 trillion and the decrease in net
cash flow provided from funding activities by Rp744.8 billion.

Net cash flow Provided From Operating Activities

The amount of Net cash flow of Operating Activities decreased by 22.5% or Rp152.3 billion in 2019 compared to
Rp676.7 billion in 2018. The decrease was due to the increase in placement in Bank Indonesia and disbursement
of financing totaling Rp1.3 trillion.

Net cash flow Used In Investing Activities PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

In 2019, the Net cash flow used in Investing Activities increased to Rp1.1 trillion, due to the increase in investment in
marketable securities.

Net cash flow provided from Funding Activities

In 2019, there was no Net cash flow provided from funding activities like the result of IPO last year that increased by
Rp735 billion.
 Solvability

In December 2019, Fitch Ratings maintains BTPN Syariah’s rating at the level of “AA(idn)” with stable
outlook. The national Fitch Rating at ‘AA’ level denotes lowest expectation of default risks relative to the
other issuers or other bonds in Indonesia.

This rating also reflects the commitment of BTPN as the owner of 70% of the shares of BTPN Syariah.
The parent and subsidiary companies collaborate well in the areas of banking operations, information
technology and placement of senior management team. Fitch Rating also concludes that the strong
commitment of BTPN for its subsidiary is very good.

Liquidity

Financing to Deposit Ratio in 2019 was 95.3%. BTPN Syariah also continued to maintain adequate liquidity
to anticipate the likelihood of tight liquidity in the domestic market.

This reflected good capacity of BTPN Syariah to fulfill due liabilities to the third parties. BTPN Syariah
applied good funding strategy, both in normal as well as under crisis situation. In the normal condition, BTPN
Syariah managed third party funds and capital according to the the determined risk appetite. Whereas in
crisis, BTPN Syariah utilized the counterparty facilities according to the prevailing regulations.

Financing Quality

The growth in financing business was achieved with consistent application of prudent principle, as reflected
in the well-controlled Non-Performing Financing ratio at 1.36%. The implementation of prudent principles by
86 the Bank was also reflected in the Ratio of Allowance for Provisions of Impairment Losses of Earning Assets
to Non-Performing Financing up to 238.1% and net NPF ratio of 0.03%. Those ratios were the indicators
that the expansive strategy of BTPN Syariah had been well executed with consistent application of prudent
principle.

Capital Structure and Strategy

BTPN Syariah had successfully launched IPO in May 2018. The additional funds from the IPO of Rp751.1 billion
(before deducted with issuing costs) had increased the capital of the Bank, in addition, the strong growth of
Bank’s net profit in 2019 has resulted in the Capital Adequacy Ratio to 44.6% by the end of 2019, far above
the minimum capital requirement of 8%. The high Capital Adequacy Ratio allowed BTPN Syariah to grow
while strengthening the supporting infrastructure, both in information technology and operations.

In million rupiah (except ratio)

2019 2018
Capital
Tier 1 Capital 5,138,209 3,816,289
Tier 2 Capital 87,914 60,583
Total Capital 5,226,123 3,876,872
Risk Weighted Asset
Credit Operation, Market Risks 11,725,986 9,473,822
Capital Adequacy Ratio
Credit Operation, Market Risks 44.6% 40.9%

The current composition of the BTPN Syariah Shareholders are PT Bank BTPN Tbk (Bank BTPN) with
70.00% ownership, public shareholders 29.97% and Treasury Shares 0.03%.
Infrastructure

Significant development in 2019 was resulted from the transformation that had been initiated in the previous year.
Through this program the whole infrastructure of BTPN Syariah was optimized with the network of the parent
company, PT Bank BTPN Tbk. The network of BTPN Syariah included 1 Head Office, 23 Branch Officer, 2 Supporting
Office, 41 Operational Functional Office, 3 Non-Operational Functional Office, 26 Sharia Banking Services and
9 ATM.

Commitment for Capital Expenditure

BTPN Syariah has not made any commitment for capital expenditure.

Capital Expenditure

Capital Expenditure of BTPN Syariah in 2019 was Rp161 billion for the development and launching of processes and
services and expansion of branch networks in the form of fixed assets and intangible assets.

Comparison between Target and Realization

As of 31 December 2019, the financing of BTPN Syariah grew at 23.7% and achieved the total financing of Rp9.0
trillion which was above the initial plan of Rp 8.6 trillion.

The net operating income was Rp4.0 trillion, exceeding the initial plan of Rp3.4 trillion.

Net Profit After Tax as of 31 December 2019 was Rp1.4 billion, exceeding the inital plan of Rp1.1 billion. The Capital
87
Adequacy Ratio of BTPN Syariah was 44.6%, exceeding the initial plan of 43.8%.

The Use of Funds from Public Offering

BTPN Syariah did not conduct any public offerings in 2019.

Important Information concerning Corporate Actions (Investment, Expansion, Divestment,

Merger & Acquisition, Loan or Capital Restructuring, Transaction with Conflict of Interest)

BTPN Syariah did not conduct any Significant Corporate Action in 2019.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Important Changes of the Accounting Regulations and Policies

In 2019, there were no changes of the accounting regulations and policies with significant impact to the financial
reports of BTPN Syariah.

Changes of Regulations with Significant Impact to BTPN Syariah

Until the publication of this Annual Report, there were no changes with significant impact to the financial
conditions of BTPN Syariah.
 Changes of Accounting Policy

The details of the accounting policy summary is elaborated in the Notes 2f of the financial statements of BTPN
Syariah 2019.

Subsequent Events

There were no material activities affecting the financial statements of BTPN Syariah after the year ended in 2019.

Dividend Policy

As stated in the Prospectus for the Initial Public Offering BTPN Syariah, the following is the dividend policy of
the Bank:

According to the prevailing laws and regulations and the Articles of Association of the Bank that BTPN Syariah is
allowed to distribute dividend upon the approval of the shareholders in the General Meeting of Shareholders and if
BTPN Syariah has the positive balance of net profit.

The schedule, amount and types of payment of dividend distribution consider several factors, amongst others are:
a. Revenue and cashflow of the Bank;
88 b. Financial projection and capital requirement of the Bank;
c. The Business Prospect of the Bank;
d. Capital Expenditure and Infrastructure;
e. Investment Plan and Other Support for Growth.

In the event that BTPN Syariah intends to distribute interim dividend in the future, the Bank will administer the
distribution of such the interim dividend according to the prevailing laws and regulations and the Articles of
Association of BTPN Syariah.

As present, BTPN Syariah does not have any policy to distribute interim dividend to the shareholders of the Bank.

Starting from 2020, the Management of BTPN Syariah plans to distribute cash dividend to the shareholders of
BTPN Syariah at the maximum of 40% of the net profit of the respective year, based on the net profit of the
accounting year 2019, unless otherwise decided by the General Meeting of Shareholders.

During the past 3 (three) years, BTPN Syariah had not distributed any cash dividend.
business and economic prospect in 2020

The world economy is projected to grow 3% in 2020. been submitted to The Financial Services Authority.
The Government of Indonesia targets the economy to BTPN Syariah targets the financing growth of 15%-
grow 5.3% in 2020, higher than 2019 at 5.02%. Inflation 17% with Non-Performing Financing of 1.4%-1.7%.
is expected at 3.1% within the target range of Bank BTPN Syariah will increase third party funds by 15%-
Indonesia 3% (±1%). The exchange rate of Rupiah is 17% and maintain the liquidity with the Financing to
estimated at Rp14,400 per USD. Deposit ratio of 98%. BTPN Syariah also takes the
following Key Strategic Initiatives, as follows:
With rising market uncertainty in global economy due
to the prolonged trade war between USA and China 1. As a Sharia Bank listed in Stock Exchange, the
and the corona pandemic, the government will not be corporate governance including transparency will
able to rely on export commodity to pursue economic be improved.
growth in 2020. The domestic consumption will still
be main component to maintain the economy growth 2. Improving operational excellence: including
above 5% in 2020, same as 2019. Based on those office network, development of digital platform
macroeconomic assumptions, the banking credit and for employees and agents of BTPN Syariah,
other financing in 2020 is estimated to grow at the development of other work automation and
same rate as 2019, which is around 8-9%. Whereas the exploring cash management with third party.
Sharia banking is estimated to grow at 7-8%, slightly
3. Improving the Assets of BTPN Syariah: To support
below the growth rate of conventional banking.
the business of the Bank in 2020, the Bank
However this estimation does not put into considering
will focus to increase the assets by expanding
the spread of corona virus pandemic in Indonesia. 89
business strategy and developing other new
financing products.
Priority and Target of BTPN Syariah in
2020 4. Exploring fee-based income: BTPN Syariah will
increase fee-based income through cooperation
In 2020, BTPN Syariah will maintain the financial with third party/e-commerce/fintech in the
performance and keep growing with “Do Good, Do development of financial and non-financial
Well” principles. BTPN Syariah will ensure that the products and services.
good financial performance also delivers significant
and measureable social impacts. BTPN Syariah 5. Strengthening Organizational Capability:
does not only gain the financial benefits and always This includes well-managed performance,
ensures to create positive impacts in the lives of strengthening technology infrastructure in a

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

productive underprivileged customers to have a thorough and sustainable manner, optimizing
better life. human resources and strengthening the
organization structure at the executive level of
In 2020, BTPN Syariah financial performance is the Bank. All these will be the strategic actions of
expected to achieve the bank’s business plan that had the Bank to strengthen the organization in 2020.
 business
review

90

Opening access to financial services

through various products and
accompaniment #forgoodintention
to realize faster
financing

Financial Package for Business

Daya Sustanibility Program
Bundled Financial Solution:
• Working Capital Capacity building trainings/
• Free Life Insurance workshops in the topics of
• Saving (free monthly administration health, entrepreneurial skills and
fee) environment.

Future Benefits:
• Entitlement for working 5-Year
capital increase in each cycle Financing
• After the third year, Program
entitled for house
renovation and
education financing
4 Key Behavior:
Courage to Do Business,
Discipline,
Hard work, Solidarity

Community Officers
Membership
Membership System Community • Well-trained
System 91
Officer #bankirpemberdaya, who
• Group, selected by customers
role model the behaviors of
• Routine meeting
- Honesty
• Mandatory saving
- Courtesy
• Shared liabilities
- Disciplin
• Facilitator of Daya
Program

Unique Value Proposition (UVP) Financing

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Since its official inauguration as Sharia Commercial Bank then became a public company in 2018, BTPN
Syariah is the only Bank that acquires the funds from the wealthy families and channels them to the productive
underprivileged women customers through thousands of #bankirpemberdaya.

Applying the Sharia Principles, the Bank provides various financing products and services and opens the access
to financial services for productive underprivileged women customers to get working capital and training and
empowerment #deminiatbaik in order to realize the dream faster.

This is in line with the vision of the Bank to become the Best Sharia bank for financial inclusion, making a difference
in the lives of millions of Indonesian people. Upholding this vision, the bank develops the financing products and
services that best suit the needs of the particular segment.
 Tepat Pembiayaan Syariah – Group

Financing program dedicated for productive underprivileged women with buying-selling agreement (akad wakalah
wal murabahah). Tepat Pembiayaan Syariah (previously PMD) focuses on building the character and behaviours of
Courage to Do Business, Discipline, Hard Work and Solidarity.

Tepat Pembiayaan Syariah has four pillars that, taken together, will shape character and key behaviours of
Courage to Do Business, Discipline, Hard Work and Solidarity. The customers’ commitment and capability to
realize their good intention faster is the inspiration for the Bank. The courage to do business is the starting point;
followed by the discipline to attend the routine center meeting and pay instalment timely. The hard work will result
in increased saving and revenue volume. Then, the last one, solidarity amongst members is the manifestation of
the intention to help each other.

The four pillars of Tepat Pembiayaan Syariah are:

a. Financial Package c. Membership System

The working capital financing is provided for the Customers are grouped in one center whose members
customers to address the needs to start and expand are selected by customers themselves.
92 productive business. The financing is to be repaid
through bi-weekly instalment. The customers also get d. Empowerment
other benefits such as life insurance for the customer
Our Community Officers are trained to serve
and the husband, saving, and free instalment during
and empower the customers through meetings in
Ied Mubarak festivities. Upon the well-completion
customers centers.
of three cycles, the customers will be entitled for
financing for house renovation and children education. The financing program with akad wakalah wal
murabahah enables the customers who did not
b. Daya Program
have any business before to get the funds as the
The customers will able to improve the knowledge and working capital and to buy the products to support
capacity through a sustainable program in the areas the business. According to the agreement, the
of health, entrepreneurial skills and environment. customers must elaborate the details and the prices
of the products to be bought and repay the cost of
purchasing the product with the determined margin
through instalments within the agreed time frame.

Tepat Pembiayaan for Financing Companies

Working capital financing aimed at Sharia Financing Companies, through profit sharing agreements (akad
musyarakah), to increase the Bank’s assets and potential strategic partnerships to meet financing customers’
needs that currently cannot be met by BTPN Syariah (for example: for financing of two-wheeled or four-wheeled
vehicles), then BTPN Syariah in collaboration with the Parent Bank, provides financing for financing companies, for
product diversification.
 Nilawati 93
Financing Customer
Sentra Kencana Cempaka 1, Beringin Area - Medan

Once I had a brick business, but it did not do well because

I was deceived. It was a challenge to build my confidence
back to start a business again. Afraid of failing.

So after joining BTPN Syariah I had a lot to learn so that I

will not easily fail. The key is knowledge. I often follow the

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

guidance of the Bank’s staff. She said that it is important
to be courageous and knowledgeable.

My business is selling variety of chips such as sweet

potato chips, breadfruit chips, cassava chips and also
banana chips. I also encouraged my neighbor to try
making crackers and shared the entrepreneur spirit. The
more I give, my business also continues to flourish. It felt
that my good intention towards others were realized
faster since becoming a BTPN Syariah customer.
 funding

Service
Funding customers are given plenty opportunities to Excellence
contribute in the empowerment of millions of productive
underprivileged customers in Indonesia in order to create
a more meaningful life. #deminiatbaik (for good intention)
in order to realize this good intention faster, the Bank
provides various funding products with competitive returns
with services that are oriented to customers satisfaction.
This is proven by the performance of competent Optimum Sustainable
Return Superior
#bankirpemberdaya (bankers who empower), the good Performance
reputation of the bank, healthy financial performance and
the Bank transparency in managing the funds.

Unique Value Proposition (UVP) Funding

The funding products of BTPN Syariah are:

1. Tepat Tabungan 5. Tepat Tabungan Syariah Agen

94 Can be opened without minimum initial deposit Saving product operated with cellular phone (USSD)
based on akad wadiah yad dhamanah. Customers or non-cellular phone (QR code). The customers can
are eased with facilities to do banking transactions do transaction on their own or through the agents
in all BTPN Syariah Branches with free monthly of BTPN Syariah. This product is to support financial
administration fee. inclusion that provides ease for the customers to
process financial transactions such as bills payment,
2. Tepat Tabungan Platinum airtime purchase, fund transfer, and cash deposit and
cash withdrawal transactions through the Agents of
Saving account with profit-sharing-agreement
BTPN Syariah.
(akad mudharabah mutlaqah) with unlimited cash
withdrawal facility and free monthly administration 6. Tepat Tabungan Syariah
fee (terms and conditions applies) for optimum return.
Saving product with akad wadiah yad dhamanah
3. Tepat Tabungan Rencana provided specifically for Tepat Pembiayaan Syariah
financing customers.
Means for savings ahead, so that one’s dreams can
be realized with ease offering options of monthly and 7. Tepat Giro
term deposits. (akad wadiah yad dhamanah)
A current account with akad wadiah yad dhamanah
4. Rekening Tabungan Jamaah Haji giving the flexibility for the customers to do
transactions using Cheque/Bilyet Giro.
Saving product for customers who plan to do Hajj
Pilgrimage in the Holy Land. Using wadiah yad 8. Tepat Deposito
dhamanah akad, this secured and guaranteed product
is equipped with online connection with SISKOHAD Time deposits with profit-sharing-agreement (akad
in the Ministry of Religious Affairs of the Republic of mudharabah mutlaqah) between the Bank (mudharib)
Indonesia. and the customers who owns the fund (shahibul
maal) that offers various maturies ranging from
1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 18, and 24 months in
Rupiah currency.
 Ibu Teti Suhendro 95
Funding Customer
Sharia Branch - Semarang

I believe what is being delivered by the

#bankirpemberdaya (bankers that empower) at
BTPN Syariah is for the good of their customers.
I placed my funds at BTPN Syariah, not only for
the optimal returns but also because the personal
bankers are always ready to serve and meet the

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

needs of customers with excellence. Furthermore,
I had the pleasure to witness the empowerment
activities for the underprivileged women and
how their businesses grow after receiving the
mentoring as well as additional funds. I am pleased
to be a BTPN Syariah customer who cares for the
productive poor segment families in Indonesia. If it
can help more small businesses and productive poor
families in Indonesia to grow and develop, I will keep
spreading the word.
 agent banking

To support the development of Sharia business Improving the agent and customer transaction
and branchless banking, BTPN Syariah opens the in order to support the exploration of fee-based
opportunity through the Sharia-based agent income. Strengthening the Bank capability in order
banking business and branchless banking, such as to keep it slim and agile was done by directing the
agent financing product to support agent liquidity PTAB Organization to support the agile working
(Tepat Pembiayaan Agen). Moreover, application system. Another important thing is improving the
development, renewal, and piloting the agent infrastructure to support the business through
financing as the extension of the Bank in the field in application development, infrastructure and
providing banking services that had once been difficult agent facilities.
to access by the customers.
There were several new programs launched in 2019
In addition to support the business of the Bank, aimed at improving the utilization of transactions of
the main priority in the strategy and business plan agents and customers and the utilization of BTPN
is to realize good intention sooner. Therefore, the Wow! Syariah, including:
96 products and services provided by the agents for
the customers must be able to improve the life of 1. Lottery Program for Umrah Pilgrim – for Agen
every stakeholder and become an inspiration for the Komunitas and Agen Non-Komunitas.
surrounding environment. The launching of Tepat 2. Program to Buy Airtime and Token & electricity bills
brand, strengthens the identity of the Bank in the payment, with free administration fee.
agents and productive underprivileged customers
Looking forward, the Bank will remain focused to
communities, and in accordance to the characteristics
improve the involvement of agents in the financial
of the services of the agents and customers.
processes to ensure the efficiency and effectiveness
Throughout 2019, we implemented several activities of activities. In addition, we also foresee the business
in line with the Key Strategic Initiatives (KSI) such prospect of customers financing in the form of Tepat
as digitalization of branchless banking product Pembiayaan Syariah Multiguna product using agents
Wow! Syariah to improve operational excellence. as the channel payment spread in more locations
The applications development of biometric facial in Indonesia.
authentication for agent transactions and customers
For 2020, the agent’s activity area will be widening by
acquisition through the agent were included in the
expanding the activity areas, considering to date, it
development stage. A pilot process for the use of the
is still limited on several locations. The agent banking
applications in the field was also conducted.
business will become the main part in developing
We hope the impact of digitalization can be benefited product sales business through BTPN Syariah for
not only for the wealth customers, but also for the productive poor customers.
agent and productive poor customers.
 Erna 97
BTPN Syariah Agent, Sukamakmur - Bogor

Initially I joined as a financing customer, however this

year I ventured to become an agent. Now, I feel that
being an agent brings me happiness. I am able to help
others to withdraw and save their money at any time.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

They felt more at ease to save money even if it is only
a small amount – five or ten thousand. I am very happy
to be useful for others around me and the procedure
is actually quite easy. It feels like I gain more family
members from the frequent interactions.
 poverty probability index (ppi) 2019

The increasing welfare of the productive underprivileged customers is the indicators of

the success of BTPN Syariah in the effort to realize good intention faster. To measure
the positive social impact, the Bank uses the Poverty Probability Index (PPI) issued
by Innovation for Poverty Action (IPA) as the instrument to measure the level of
welfare to be used by the organization or business entity with the mission to serve the
underprivileged customers. The PPI currently used in Indonesia refers to the National
Economy Social Survey 2010 as the PPI is designed to be country specific.

The PPI instrument enabled the Bank to identify the PMR was improved by including the audit process
customers probability who fall to the underprivileged by Internal Audit Unit to the PPI administration.
category and integrated the data objectively as the
basis for evaluation and strategic decision making.
Poverty Outreach Report (POR) 2019
The focus on measuring the welfare movement of
Poverty Outreach Report was aimed at measuring
productive underprivileged customers is facilitated
the extent to which the Bank has reached and
by the Poverty Outreach Report (POR) and Poverty
served underprivileged society. The categorization
98 Movement Report (PMR) including measuring the
of underprivileged society was, as follows:
increase of percentage of customers’ children of 6-18
years old attending school, customers owning toilet/ 1. National Poverty Line (NPL) - Indonesian
latrine and customers shifted from firewoods to standard of poverty.
gas fuel.
2. Total expense below USD1.9/day
In addition to that, as a public company that needs
to fulfill certain condition as the obligation to the 3. Total expense below USD3.1/day
regulator and public, in 2019 the reporting of POR and

35.1%

% Living Below Poverty Line

23.2%

10.1%

4.6% 5.4%
2.2%

Below NPL Below $1.9/day Below $3.1/day

BTPN Syariah Indonesia Poverty Rates

As seen on the graph above, 23.2% of the customers in BTPN Syariah financing portfolio have total expenses
below USD3.1/day. Considering the national poverty rate is 35.1% in Indonesia, we can conclude that BTPN
Syariah has properly targeted the underprivileged communities.
Poverty Movement Report (PMR) 2019

Poverty Movement Report is the benchmark to measure the increase of the welfare of the
underprivileged customers. The changes of the concentration of underprivileged customers from
the first cycle to the next cycle was observed and measured. The financing to the underprivileged
customers is facilitated by the financing product Tepat Pembiayaan Syariah – Group from the Bank
that continued to evolve according to the situation and the improvement of the customers.

By measuring the customers welfare through POR and PMR, the Bank intends to improve the
management system and data quality to ensure that the operations activities are in line with the vision
of the Bank to the Best Sharia Bank for financial inclusion, making a difference in the lives of millions of
Indonesian people.

The results of the measurement level of customers welfare in 2019 showed an improvement compared
to that of 2018. This was evidenced by all the indicators with the green flag.

Parameter* 2018 2019 Indicator

Decrease of the concentration of the underprivileged customers -16.7% -17.6% Improved

Increase of the percentage of customers whose children are attending school 5.9% 6.2% Improved
Decrease of the customers percentage using firewoods, charcoal and briquettes -45.1% -47.1% Improved 99
Decrease of the customers percentage without latrine or only has traditional latrine -36.5% -37.6% Improved
*) From the same customers, measurement from the first cycle vs third cycle.

The other objectives of the Bank is to deliver non-financial impact that is equal and with same quality
to the financial welfare, which at the same time providing financial and non-financial solution to the
members of the family according to the needs so that more good intention will be realized faster.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

26.7%
% Living Below Poverty Line 24.4%
22.0%

5.7%
4.9% 4.1% 2.8%
2.3%
1.9%

Below NPL Below $1.9/day Below $3.1/day

Cycle 1 Cycle 2 Cycle 3

As seen on the graph above, there had been a decrease in the concentration ratio of the underprivileged customers
with total expense below USD3.1/day from 26.7% in the first PPI (the first financing cycle) to 22.0% in the third
PPI (the third financing cycle). A variety of factors certainly contributed to this improvement, one of which was the
financing provided by BTPN Syariah.
 business development plan in 2020

In 2020, BTPN Syariah will remain focused and steadfast in serving productive underprivileged customers
and providing access to financial services and improve their financial literacy. The Bank will also support the
achievement of the financial inclusion target of the regulator, as specified in the Bank Business Plan and the Bank
Sustainability Action Plan.

The business development plan of BTPN Syariah in 2020 includes the following strategic actions:

1. Improving operational excellence: management of office network, development of digital platform for
employees and Agents of BTPN Syariah, development of work process automation and exploration of cash
management with third parties.

2. Increasing the Assets of BTPN Syariah: To support the business in 2020, the Bank will focus to increase the
assets by expanding the business and the other new financing products.

3. Exploring fee-based income: BTPN Syariah will increase fee-based income by collaborating with third party/e-
100 commerce/fintech in developing financial and non-financial products and services;

4. Strengthening organization capabilities: improving the capital of BTPN Syariah through well-managed
performance, strengthening technology infrastructure in a thorough and sustainable manner, optimizing
human capital and strengthening organizational structure in the executive level of the bank as part of the bank
strategic action in strengthening organizational capabilities in 2020.
operational
review

101

Creating a process that is simple,

secure and customer-focused.
Realizing dreams becomes easier

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

 human capital (hc)

To realize the dream faster, the 2019 breakthroughs of Human Capital included building
robust organizational capability, nurturing modern and dynamic working environment and
improving the leadership quality.

As an organization, it is important for us that every renovated the working space to make it more modern
#bankirpemberdaya (bankers who empower) holds and enjoyable. All these were intended to bring more
the belief that beyond working for one’s self or for comfort for #bankirpemberdaya and promote the
the Bank, they carry the mandate to deliver real spirit of collaboration that encourage more creativity.
contribution to the life of underprivileged customers.
By doing so, they realize the good intention to do BTPN Syariah believe that every employee is
benefits of others. essentially a leader. For that, it is imperative that
#bankirpemberdaya takes continuous enhancement
In line with the Key Strategic Initiatives of the Bank, of the capability and competence, while maintaining
where human capital was the focus to strengthen the attitude of humility for a lifelong learning and
organizational capability, our priority in 2019 was to self improvement.
create capable leaders, both in Head Office and in the
field who served the customers at the frontlines. The To prepare #bankirpemberdaya on becoming a
other priority was to create working environment that capable leader with good attitude, the Bank has
is more modern and dynamic for #bankirpemberdaya, taken several initiatives that were embedded in the
102
by allowing more flexible working hours in Head daily duties. As such, #bankirpemberdaya was able to
Office and discretion in dress code that is casual yet contribute to the realization of good intention faster
professional. In addition to that, BTPN Syariah also by doing the duties and responsibilities.

employee composition employee composition

by employment status by gender

94%

56%

Permanent 5,109 Male 650

Non-Permanent 6,386 Female 10,845

Achievement 2019 BTPN Syariah has also prepared the
#bankirpemberdaya for the activities in their
There was a total of 11,495 #bankirpemberdaya daily duties, including induction programs for new
recorded in 2019 who dedicated themselves for employees that inculcated the core values of the
service excellence for millions of underprivileged company, technology-assisted transfer of knowledge,
customers. BTPN Syariah always looked for and and sustainable Daya program that allowed all
recruited the best talents with high dedication to be stakeholders to participate in the realization of good
#bankirpemberdaya. intention for the benefits of others.

In line with the development in the business structure As the effort to maintain the quality of human
of BTPN Syariah in 2019, the focus of the management resources, BTPN Syariah allocated a minimum of 5%
and enhancement of #bankirpemberdaya was on of Manpower Cost for human capital development.
leadership and soft skills through coaching and Such allocation for competency development and
mentoring programs, for which the Bank have training programs was aimed at bringing the best
always sought for regular feedback. BTPN Syariah out of each #bankirpemberdaya through effective 103
always updated the digital instrument to facilitate capability enhancement program.
monitoring in order to accelerate the process of
human capital management and development.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

employee composition employee composition
by education by age

46%

50%

Master Degree 59 < 25 years old 5,786

Bachelor 4,986 25 - 29 years old 3,791
Diploma 1.109 30 - 39 years old 1,631
High school and equivalent 5,341
40 - 49 years old 238

≥ 50 years old 49
 Strategy 2019

Throughout 2019, BTPN Syariah always implemented employees through focus group discussion in order
the human capital development programs at all levels to maintain external competitiveness and retain the
in order to retain the best talents of the organization. best talents.
This was done through several methods, that included
BTPN Syariah also built the culture of collaboration in
employee rotation to enrich the perspective and
the workplace that enabled all #bankirpemberdaya
improve the leadership capability, providing soft skills
from cross disciplines to collaborate in developing
and technical training for the employees to have self-
and creative effective solution. We were guided by
improvement and acquire new skills as required by
the vision and mission of the Bank to provide the
the market. HC also conducted salary benchmarking
opportunities for growth for all #bankirpemberdaya
and reviewed the welfare and benefit program for the
from time to time.

Incentive, Rewards and Welfare Management

On annual basis, BTPN Syariah administers May 2018. BTPN Syariah provided 9,878 lots of shares
performance appraisal through the Performance free for around 1,600 employees with the listed price
Management cycle in the beginning, middle, and end of Rp975 per share. Such ESA shares were locked and
of the year. The cycle in the beginning of the year not tradeable for the period of 1 (one) year. On May
is to establish the performance target for the year, 2020, the Bank will facilitate the collective sales of
104 the mid-year cycle is to review the performance the ESA shares for the employees on the market price
for the first semester and to take the necessary that will have increased more than 100% from the
corrective action to improve performance, whereas initial price.
the year-end cycle is to evaluate performance for the
whole year. Based on the result of the performance BTPN Syariah realize that without prosperous
appraisal, the Bank will provide the reward in the employees, the Bank will not be prosperous.
form of salary increase, bonus or promotion. This Therefore, we included all #bankirpemberdaya
is the whole process by which the Bank evaluates in BPJS for Health dan BPJS for Employment, in
the extent to which #bankirpemberdaya has addition to the commercial health insurance. For all
consistently implemented the core values of the #bankirpemberdaya in the field, the Bank reimbursed
Bank – Professionalism, Integrity, Mutual Respect and the cost of outpatient due to accident that are not
Teamwork. covered by BPJS nor commercial health insurance.

Particularly for #bankirpemberdaya in the field, In the beginning of 2019, the Bank increased the
the reward is given in the form of incentives that limit of housing loans and added the total number
are paid every month and every 6 (six) months. of annual leaves for #bankirpemberdaya. In the
Performance appraisal process in the beginning, middle of 2019, the Bank launched the Employee
middle, and end of the year are also applied. For those Assistance Program in cooperation with a psychology
delivering consistent performance, they are entitled institution to provide a counselling facility for
for grade promotion in the mid-year and end-year #bankirpemberdaya to consult their personal
performance cycle. problems both work-related, family-related or other
situations. At the end of 2019, the Bank facilitated 46
In 2019, BTPN Syariah also administered ad-hoc employees to accompany the selected customers for
performance rewards for #bankirpemberdaya; such as Umrah Pilgrimage.
Employee Stock Allocation (ESA) Program when the
bank was listed in the Indonesian Stock Exchange on
 R. Firman Afiat QZ 105
saving acquisition officer

I heve experienced a few surprises in my life

since working at BTPN Syariah.

One of the things that I am grateful about is that

in 2019 I was chosen to be one of the employees

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

accompanying customers going for umrah
pilgrimage. It was a wish that comes faster in my
life, for actually I have been saving up for
this pilgrimage.

Now, I feel a bigger calling to serve the productive

poor customers in Indonesia, although my work
involves mainly to serve the funding customers.
 Plan 2020

Having almost completely addressed the soft skills ensure that every #bankirpemberdaya promoted
training needs for #bankirpemberdaya in 2019, BTPN to higher grade is equipped with the skills,
Syariah plan to continue the program to enhance the knowledge and leadership capability required at
hard skills in line with the recent development of the the new position in order to be able to deliver the
technical process. Human Capital shall renew the new responsibility well. The monitoring program
working system and focus to improve the business will be administered through online and/or
quality to assist the customers and thus, realize the gamification.
good intention faster.
In addition to that, BTPN Syariah will also
BTPN Syariah will focus on the following three areas in continue to develop the digital competency of
the effort of human capital development: the employees and strengthen the membership
and composition as well as the quality of the
1. Organizational Design and Career Path
106 undertaking of duties of the Sharia Supervisory
In this program, the Bank plans to design the Board, the Board of Commissioners and the
organization to be more flexible to adopt Board of Directors. BTPN Syariah will provide
the agile way of working, especially in the scholarship for young talents and will actively
development of new products and processes. administer grade promotion and employee
The career path will also be aligned with the rotation to strengthen and widen the perspective
organizational design, for which a specialized of #bankirpemberdaya.
career path is prepared to focus on competency
3. Strengthen the Engagement of
enhancement. HC will also align the program to
#bankirpemberdaya and Culture
manage #bankirpemberdaya to reflect those two
initiatives. The program to strengthen the engagement of
#bankirpemberdaya will be further improved
2. Human Capital Capability and Leadership
through reward and benefits program and
Development
through the creation of working environment
This program is aimed at the standardization and organizational culture that are conducive
of the development program for to embrace the digital era and the other
#bankirpemberdaya, especially for mass position, business challenges. With this program BTPN
such as MMS, Operations, and Syariah Branches. Syariah expect that the employees will get
The objectives of the standardization is to fair compensation in a comfortable working
environment to realize their dreams faster.
operational

The role of operations function is critical in developing effective process and infrastructure,
which is aimed at realizing good intention faster for all stakeholders.

In line with the Key Strategic Initiatives of the Bank, team to pledge their commitment to deliver the
particularly in the Operational Excellence aspect, best services. To cope with those challenges, the
every #bankirpemberdaya (bankers who empower) in Operations team implemented improvement
the Operations Team must always adopt a structured initiatives and necessary adjustment in undertaking
mindset of continuous improvement through various the 4 (four) core functions, that is Service Delivery
innovations and process improvement. This is intended function to deliver services for all stakeholders in a
to support the development of services for customers timely, accurate, reliable and cost-effective manner;
which are simple and secure while keep managing the Business Partner function who actively partners and
risks. With the simple and secure services, it will be collaborates to support the sustainable growth of
easier for the customers to realize their dreams faster. the business; Compliance Agent function to ensure
that all operational activities are anchored in the
Nevertheless, BTPN Syariah have gone through 2019 prevailing internal and external regulations; and
with a lot of challenges. Resources efficiency and People Management function to build the working 107
office network optimization coupled with the needs environment that is aligned with the core values of
for continuous development and advancement of BTPN Syariah.
technology were the challenges for the operations

Achievement 2019

Throughout 2019, the team was successful in building motorcycle for MMS officers for which the process

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

the strong infrastructure as the foundation to support had been improved by collaborating with third party.
the growth of the business of the Bank and was To support the services for financing customers, the
actively contributing in the innovation projects aiming operation team had facilitated the cash delivery and
at delivering service excellence with the primary pick up services on periodic basis to improve control
focus to the customers, especially the productive on the funds provision and to reduce operational
underprivileged customers. burden for MMS officers so that they more focused on
business and customers servicing activities.
In terms of Operational Excellence, the improvement
from 2018 was evidenced from speedy fulfillment The other effort to improve operational excellence
of the request from wisma for renovation and through simplification, acceleration and control of
maintenance and for working infrastructure such as operational processes was the automation of expense
 disbursement and monitoring its settlement, that including simplification of procedures in stages and
had been implemented for employee business travel provide support in the fulfilment of infrastructure or
expenses in 2019. office space to support the new way of working.

In 2019, the Operations Team had effectively In addition to that, in line with the growth of the
implemented the initiatives to support the strategic business and transactions, services centralization was
initiatives and the business growth of the Bank, implemented to improve efficiency, that was applied
including amongst others the provision of customers to certain operational processes including provision
complaints handling services in order to make it easy of branch transaction support to enable immediate
for the productive underprivileged customers to support needed by the office networks. Besides, in line
forward their complaints or aspiration. with the prevailing regulations, control and security
of customers data including financing customers
In order to enable a faster improvement in all aspects was further improved. All those achievements have
of services and activities of the Bank through the helped realized a process that was speedier and more
implementation of agile, a new way of working, the effective to all team in BTPN Syariah.
operations team also participated in such process

108 Plan 2020

From the operations perspective, the year 2020 technology and communication. The Team plans to
will bring new challenges particularly to maintain develop human capital at all levels of operations
the performance of the Bank which has been very organization, so that each #bankirpemberdaya will
good thus far, and to execute more continuous have the mindset of continuous improvement.
improvements to create more effective and efficient
The Bank will continue the focus on effective and
operational services while always considering the risk
efficient operations process using the advancement
and control aspects (simple and secure).
of information technology and communication.
To cope with those challenges, the Operations team Nevertheless, the Bank will always consider the
will implement the operations strategy through risks and controls aspects and prioritize the human
process innovation to embrace the rapidly changing capital development so that all #bankirpemberdaya
environment and condition; the Bank will also continue will be able to realize good intention faster for all
to leverage the latest advancement of information stakeholders.
 Hafdiah Safira 109
Service Quality Head

One of the motivations for my work is to make all

processes more concise and faster yet still secure and
pleases many people.

Launched in 2019, a toll free number designated for the

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

productive poor customers is where they can contact the
Bank faster. Other than that, it brings happiness because
they can talk with the Bank’s staff at no cost.

The more good things are planned appropriately and

realized faster by the Bank.

So proud!
 information technology

The Bank has successfully implemented digital platform for activities

of #bankirpemberdaya (bankers who empower) in providing
service for the productive underprivileged customers. In addition
to accelerating efficiency and processing of business activities, this
implementation has enabled room for development of other ideas of
faster customer service delivery.

Organizational transformation is one of the main the collaboration between business and IT. In addition
focuses of Information Technology (IT) in 2019. BTPN to that, IT has also implemented digital platform
Syariah developed a better way of working to provide as the digital foundation for the development and
technology that accommodated the needs and operational service for all #bankirpemberdaya.
conditions of the customers. Moreover, organizational
transformation makes IT can be the enabler for IT also continued to support the realization of good
the business and operational aspects; so that IT is intention, not only for the customers but also for the
110 able to provide the right solution for the Bank in the #bankirpemberdaya by providing several solutions
implementation of strategy according to the Key to support the provision of the right products and
Strategic Initiatives of the BTPN Syariah. services (Tepat) such as mProspera that has been
the main instrument for the community officers in
Aiming at providing the availability and quality serving the customers and connect them with the
of service, BTPN Syariah keep on improving IT decision making process in Head Office, in order
system. BTPN Syariah conducted it through several to enable faster service for the customers. IT have
initiatives including automation of application test also developed authentication feature in the Wow!
implementation, improvement of disaster recovery Syariah application that enables the customers to
center capacity, capability of application monitoring, process transaction in ways that are simple and
and implemented several initiatives of information secure. In addition to that, IT have also modernized
security. The transformation journey to a digital IT the core banking system for BTPN Syariah to
was initiated by adopting new way of working in improve the sharia-based financial services to the
developing technology-based solution emphasizing funding customers.
2019 Achievement

Improvement of performance, reliability and stability In terms of Business Enablement, IT has implemented
of IT is the focus in 2019. In addition to mProspera, 63 (sixty three) initiatives in several business units
IT has developed mobile apps solution “Agendaku” and supporting functions including the initiatives
for Community Officers to manage performance, for internal IT. The IT Governance has also had the
administer human resources and cash management. adequate instrument to enable good governance.
BTPN Syariah have implemented automation that Audit had been administered for IT by several parties
has significantly accelerated the financing origination including regulator, external parties, and Internal
process and supported the new and existing services Audit Unit. Beside ensuring the adherence of all
such as joint finance, Haji Saving, laku pandai activities to the prevailing regulations, IT has also
(branchless banking) and smartphone financing. taken several corrective actions for improvement
according to the recommendation.
In addition to those initiatives, IT has also developed
centralization of deposit management in order to The IT system has been utilized optimally by all users
improve the efficiency of deposits management in within the Bank as well as external to the Bank. BTPN
the branches. To support the Bank to analyse the Syariah have always improved the collaboration
data in the strategic decision making process, IT has with the Business, evaluated and improved working
system, improved the automation of clerical processes 111
built the foundation of data management to ensure
that risk management in the Bank is always managed in several units and enriched the existing services
and mitigated. with the right features to provide optimum benefits
for the users, both the #bankirpemberdaya and the
During 2019, performance monitoring was facilitated customers. The recovery services capability has also
through performance dashboard that presented been improved to be better and faster.
4 (four) perspectives by which BTPN Syariah were
able to evaluate not only performance, but also All those achievements also came with several
the challenges that needed improvement. The four challenges that, Praise to the Lord, have been well
perspectives were Operational Excellence, End-User handled. The business model of serving the productive
Experience, Business Enablement and Governance. poor segment itself presented a challenge for IT,
particularly in providing the digital tools of 10,000

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

From Operational Excellence perspective, IT has tablets to be used to serve millions of productive
succeeded ensuring the availability and quality underprivileged customers in all places in Indonesia.
of good services. IT has also managed immediate The various condition of infrastructure in Indonesia
recovery for every disruption to prevent the its posed a challenge in terms of connectivity in
impact to the BTPN Syariah operations. From End- technology-based service delivery through the tablets.
User Experience, the services provided by IT can be As for those reasons, IT has worked with 3 biggest
evaluated directly by users through the evaluation telecommunication providers in order to provide
mechanism that has been implemented. Therefore, several alternative of connectivity infrastructure
any declining performance can be corrected and to all networks in Indonesia. The users with diverse
anticipated immediately, and this has resulted in educational background and capability in using
gradual performance improvement by the end of 2019. technology was also a challenge.
 Evaluation and Training 2019

In 2019, IT monitored all IT services through several of IT Quality Management to the Risk Management
instruments. The IT Operation Center always Committee and IT Steering Committee.
monitored availability and quality of services. Unit
Training was conducted on periodic basis to
Service Desk also monitored and helped to solve the
all employees of IT according to the needs and
problems faced by the users. IT Quality Management
competency profile of each position. One of the
dan Risk Management Unit managed and ensured
training was about agile scrum method to support the
that control was administered effectively. Periodically,
new way of working in IT, and several other training
IT also presented the dashboard and evaluation result
related to digital platform.

112 Plan 2020

Towards 2020, IT will remain focus to be the enabler organization of IT. Human resources capacity
and backbone for the efficiency of the business and and competency will always be enhanced. The
operations of the Bank, by keep on providing the Data Management capability through good data
effective technology-based solution. In 2020, the governance practices and the implementation of
role of IT to support the Bank to keep relevant in the supporting Technology will be improved and also
digital era is very critical. For that, IT have prepared the security of IT services. Through the development
several work plans aimed at supporting the Bank to of Data Center and Disaster Recovery Center
remain focused on the business plan and Key Strategic infrastructure supported by automated working
Initiatives in order to enable faster realization of good system, IT will continue to ensure the availability and
intention for all the stakeholders of the Bank. quality of services.

The work plan of IT includes amongst other BTPN Syariah also plan to improve the software
completing the modernization of core banking system engineering practices supporting the speed in
and continue the development and optimization. providing technology solution and to improve the
Besides, BTPN Syariah also focus to improve the technology risk management capability in line with
digital capability by optimizing the digital platform the development of digital solution and new ways of
while keep on improving the performance of internal working in IT organization.
 Hanan Yulianto
Planning & Performance Monitoring Head 113

Jajang Nurjaman
Microfinance System Development

Felix Tahir
Agile Squad

Commendable work can only be achieved with a dynamic

collaboration. And that is the mantra the IT Team carries as

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

they engineer solutions to assist our colleagues on the front
line. One example from the fruit of collaboration is mProspera,
where the IT Team works alongside the Business Team so as
to assure 100% implementation on-ground.

Not only financing customers can enjoy a more efficient

service, they can be exposed to technology advancement
which is normally foreign to them.

The usage of high technology for the productive

underprivilege segment will become a necessity in the future.

High tech delivering goodness, that is the aim.

 risk management

Good risk management indicates that the governance of the Bank has been well
executed by #bankirpemberdaya (bankers who empower), who actively participate in
the very good implementation of risk management as public company.

The risk management system in sharia banking has 1) Active supervision by Board of Commissioners,
its own uniqueness compared to the conventional Board of Directors and Sharia Supervisory Board;
banking, although in many aspects there are lots of
similarities as financial institutions. Banks always 2) Adequacy of policies, procedures and risk limit
emphasize the implementation of risk management setting of risk management;
that is prudent, through a series of process of
3) Adequacy of the process of identification,
identification, measurement, monitoring and control
measurement, monitoring and control of risk and
of risks.
risk management information system; and
The Risk Management Process in BTPN Syariah
4) Holistic internal control system.
refers to the Regulation of OJK No. No. 65/
POJK.03/2016 dated 28 December 2016 concerning
The Risk Management implementation of BTPN
“The Implementation of Risk Management for Sharia
Syariah also refers to the documents from Basel
Commercial Bank and Sharia Business Unit”, that
Committee on Banking Supervision.
includes four activities, including:
114

1. Organization Structure of Risk Management Implementation BTPN Syariah

Integrated
Governance
Committee

Annual General Meeting of

Risk Monitoring
Shareholders Committee

Nomination and
Remuneration
Committee
Sharia Supervisory Board Board of Commissioners
ALCO
Audit
Committee
Risk
Management
Committee
President SKAI
Director
Information
Technology Steering
Committee

Human Capital Deputy President

Committee Director* * Deputy President Director
directly supervises Information
Techonolgy

Business
Committee
Compliance and Business Business ** Business Director 2 is under
Risk Management Director 1 Director 2** the coordination of Deputy
Director
President Director
Financing Policy
Committee
2. Active Supervision by the Board of Commissioners, Risk Management Policy. The Bank has reviewed
the Board of Directors and the Sharia Supervisory the existing policies and procedures to ensure
Board compliance with the authorities’ regulations,
internal regulations and the prevailing conditions.
The supervision of the Board of Commissioners The risk limit and risk tolerance have been well
is supported by several committees, including documented in the Risk Management Policies.
Audit Committee, Risk Monitoring Committee,
and Nomination and Remuneration Committee. 4. Adequacy in the Process of Identification,
The Board of Commissioners supervises the work Measurement, Monitoring and Control of Risk and
of the Board of Directors through the Board of Risk Management Information System
Commissioners meetings and other Committees
meetings held on regular basis. Along with Risk Management Process is implemented by BTPN
supervising the work of the Board of Directors, Syariah by identifying, measuring, monitoring and
the Board of Commissioners and its Committees controlling 10 (ten) types of risks, including: credit
also provide direction and recommendations risk, market risk, liquidity risk, operational risk,
as necessary and the implementation of the strategic risk, reputation risk, legal risk, compliance
recommendations are monitored. risk, rate of return risk, and investment risk.

At the Board of Directors level, there are also The measurement is administered through
Committees supporting the operations of the several processes: risk profile assessment, capital
Bank, including Assets and Liabilities Committee adequacy assessment or Internal Capital Adequacy
(ALCO), Risk Management Committee, Information Assessment process (ICAAP), and Risk Based Bank
Management Steering Committee, Human Capital Rating assessment (RBBR).
Committee, Business Committee and Financing
Policy Committee. On top of that, there are also
several working units supporting the supervisory Risk Profile Rating: 115
function, such as Risk Management Unit and 2 (Low to Moderate)
Compliance Unit. The banking and business activities
are managed through the Board of Directors
meetings and the meetings of related committees
Risk Based Bank Rating
that are held on regular basis. The follow up of the
(RBBR):
directions and recommendations of the meeting are
monitored by the respective committees and units. 2 (Healthy)

The Sharia Supervisory Board, supported by the

Compliance Unit, also performs supervision in As of 31 December 2019, the risk profile of the Bank
matters related to Sharia principles implementation. was at Level 2 (Low to Moderate). The Risk Based

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

This is done by means of meetings with the related Bank Rating (RBBR) as of 31 December 2019 was
units and direct visits to the field. The follow up also at Level 2 (Healthy). The rating is a composite
of the recommendation of the Board are always of several assessment including: Risk Profile, Good
monitored by the Compliance Unit. Corporate Governance, Profitability and Capital
Adequacy.
In 2019, a number of meetings had been conducted
with the frequency according to the prevailing The Capital Adequacy Ratio of the Bank as of
regulations. The results of the meetings had been December 2019 was 44.6%, which reflected year-
well documented and the follow up of the meetings on-year increase by 3.6%.
decisions had been monitored.
Risk Weighted Assets (ATMR) Operational Risk as
3. Adequacy of Policies, Procedures and Risk Limit of 31 December 2019 was to Rp4.7 trillion, while
Setting of Risk Management the operational loss at the same position was
Rp13.65 billion or 0.29% of Risk Weighted Assets
BTPN Syariah has had adequate risk management
(ATMR) Operational Risk, and the porfolio of
policies and procedures which includes: Risk
non performing financing at the same position
Management Policy, Financing Policy, Market and
amounted to Rp122.67 billion or 1.74% of Risk
Liquidity Risk Management Policy, and Operational
Weighted Assets (ATMR) Credit Risk.
 The data indicated that BTPN Syariah has The Bank has the human capital that is adequate
managed the business well, supported by capital – in terms of quality and quantity – to operate
resilience that was strong enough to absorb the the Bank’s business activities. The developmental
potential risks and at the same time allowed needs of #bankirpemberdaya are incorporated
enough room to expand the business. in the overall human capital management and
development plan. On regular basis, the Bank
BTPN Syariah managed the liquidity risk according conducts training and certification to enhance the
to the regulations. The liquidity risk was managed human capital knowledge and competencies.
in a prudent manner, as reflected on several ratios
including: Financing to Deposit Ratio (FDR) at 5. Internal Control System
95.27%; the top 50 depositors portfolio was 32.26%
from the total funding, Liquidity Coverage Ratio The Bank applies 3 (three) lines of defense in
at 273.02%. internal control. The first is in the respective
working unit, performed by the Quality Assurance
BTPN Syariah also conducted an integrated (QA) function that is responsible to ensure the
stress test to assess the impact of the worsening compliance of all the activities to the related
macroeconomy to the quality of portfolio, procedures. The resulf of the QA process and the
profitability, liquidity and capital resilience. follow up actions are reported to and monitored
by the Risk Management Committee meetings.
In 2019, the Bank has also developed and
implemented Process, Risk & Control and Risk The second line of defense is the Risk Management
Grading Matrix to identify and assess the potential Unit and the Compliance Unit, being responsible
of operational risks inherent in each activities in to define and maintain risk management
the working unit. The Bank has also administered, methodology, to ensure the adequacy of risk
governed and analyzed all the risk and loss events mitigation, policy and procedures, and to
116 using Operational Risk Management System. coordinate and facilitate the implemention of
overall risk management.
In order to reinforce the operational risk monitoring
and control, the Bank conducted risk awareness The third is the Internal Audit Unit, as the last
and fraud awareness education to all employees line of defense, being responsible to ensure, in an
on regular basis to nurture the awareness on independent manner, that all the residual risks
the importance of managing operational risk in are managed within the approved risk tolerance
every working unit. The Bank has also established level. The audit report is presented to the Board
Business Continuity Management and Contingency of Directors and Audit Committee in the Board
Funding Plan which ensures the continuity of Commissioners and the follow up actions of
of business and operational activities under the audit findings are monitored as the efforts
emergency situation. to improve the performance and healthiness of
the Bank.

Internal Control Principle

Risk Monitoring & Audit Committees

Board of Director

1st Line of Defense 2nd Line of Defense 3rd Line of Defense

Line Management Control Risk Management Internal Audit

(PUK)

Quality Assurance (QA) Compliance

 Firdaus Hasan 117
QA Assessment Manager

Conducting regular checks is my routine work

in carrying out internal controls. Building
awareness of risks and providing a proper

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

understanding of the non-conformities that
occur is much of a challenge.

The mutual understanding is required between

the checker and those being examined. Basically,
to realize good intention and maintain the
mandate as a banker, everyone needs to have
a common understanding on what needs to be
done and that the goal is for the good.
 Management of 10 (ten) types of Risks To provide the financing, the Bank has determined
the Authority Limit to Approve Financing to
1. Credit Risk the assigned officer. This is to ensure that the
financing approval is granted by the officer
The Bank provides financing to the productive
with certain qualification according to the
underprivileged customers through the product
prevailing regulations.
Tepat Pembiayaan Syariah. The biggest risk
in this business is the customers’ defaulf to On top of that, the Bank has also determined the
fulfill the obligation to repay. Managing the Legal Financing Limit to ensure that the financing
credit risk in this business is initiated since the provided does not exceed the regulations that has
customer acquisition process, from the selection beend defined by the regulator.
of customers, the analysis of customers’ ability
to pay, to the account maintenance process to Adequacy in the Process of Identification,
keep good relationship with the customers by the Measurement, Monitoring, Risk Control/Mitigation
Bank’s employees. and Risk Management Information System

Adequacy of Policies, Procedures and Risk Limit The bank has performed the credit risk control
Setting through a series of integrated processes consisting
of identification, measurement, monitoring and
118 The Bank has developed policies, procedures control/mitigation of risk. The process of credit
and risk limit setting to manage credit risks risk identification started from the selection of the
in doing the business activities. The policies, customers segment for financing and the analysis
procedures and risk limit setting provide of the customers application for financing.
complete and detailed guidance of the financing Besides, the Bank also conducted a series of
business activities starting from financing reviews to the product program, piloting and other
proposal, analysis process, approval, monitoring, business initiatives carrying potential impacts to
documentation, control and recovery / restructure. the credit risk exposure.
In order to support more prudent financing, the
Bank has reviewed and refined the financing The credit risk measurement is administered
policies on regular basis according the latest through a number of the indicators reflecting
development in the business and regulator’s the quality of the financing portfolio, including
regulation, including to ensure the compliance to the ratio of non performing financing porfolio
sharia principles. to the total financing portfolio, including the
ratio of adequacy of reserves to the low quality
financing portfolio.
Periodically, such ratios are monitored and Several things to consider in determining the
reported to the Board of Directors and the Board amount of provisions for the loss of impairment
of Commissioners within the framework of risk of earning assets are, the debtor ability to improve
management information system. performance during the financial difficulties,
projected inflows and expected outflows in
Internal Control System the event of bancruptcy, the availability of the
financial supports, including insurance claims, and
The execution of financing activities by the business
the expected cash flow. The provisions for the
unit is supported by the Quality Assurance function,
impairment of earning assets are evaluated at
being responsible to ensure that all the activities
every reporting date.
are in compliance to the the prevailing policies and
procedures. Periodic assessment is conducted, Asset impairment is the condition where there are
both based on working process assessment objective evidence of a loss occurence as a result
and thematic, and every finding is reported and of one or more events that occured after the
followed through by the respecive unit. initial acknowledgement of the financing and the
loss event impacts the estimation of future cash
Definition of Impairment of Earning Assets
flow of the earning assets or the group of earning
The Bank uses the incurred loss model to assets that can be reliably estimated.
acknowledge the loss of impairment of earning 119
Approach in Calculating the Provisions for
assets for accounting purposes. Accordingly, a loss
Impairment of Earning Assets
is only acknwledged upon the objective evidence
of the occurence of specific loss event. The main The Provisions for Impairment of Earning
consideration to evaluate the impairment of the Assets is calculated using the collective method
disbursed financing is given especially for the according to PSAK 55, Financial Instrument:
payment of the principal and the margin that Acknowledgement and Measurement. The
are due more than 90 days or in the situation Provisions for Impairment of Earning Assets
of difficulties or in the event of violation of the that is acknowledged in the financial report only
initial agreement. The Bank is allowed to make covers the loss that occurs at the date of financial
the evaluation of the asset impairment on reports at particular financial position based on
collective basis. objective evidence.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

 Disclosure of Quantitative Credit Risk

Disclosure of Net Receivables based on Region

(in million rupiah)

No. Portfolio 31 December 2019 31 December 2018

Category
Net Receivables by Region Net Receivables by Region

Java Bali and Sumatera Kalimantan, Total Java Bali and Sumatera Kalimantan, Total
Nusa Sulawesi, Nusa Sulawesi,
Tenggara Maluku & Tenggara Maluku &
Papua Papua

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)

1 Receivables on 5,016,682 - - - 5,016,682 3,250,756 - - - 3,250,756

Sovereigns

2 Receivables on 123,319 - - - 123,319 50,000 - - - 50,000

Public Sector
Entities

3 Receivables on - - - - - - - - - -
Multilateral
Development
Banks andBanks
and International
Institutions
120
4 Receivables 166,867 - - - 166,867 723,748 - - - 723,748
on Banks

5 Loans Secured - - - - - - - - - -
by Residential
Property

6 Loans Secured - - - - - - - - - -
by Commercial
Real Estate

7 Employee/ - - - - - - - - - -
Retiree Loans

8 Receivables on 6,127,123 283,184 2,002,068 332,630 8,745,005 5,082,513 229,837 1,559,392 270,356 7,142,098
Micro, Small
Businesses and
Retail Portfolios

9 Receivables on 28,838 - - - 28,838 - - - - -

Corporations

10 Past Due 16,935 1,116 3,539 1,623 23,213 1,129 68 55 3 1,255

Receivables

11 Other Assets 823,857 33,424 164,542 45,622 1,067,445 559,610 19,252 123,638 23,600 726,100

Total 12,303,621 317,724 2,170,149 379,875 15,171,369 9,667,756 249,157 1,683,085 293,959 11,893,957
Disclosure of Net Receivables based on Remaining Contract Period

(in million rupiah)

No. Portfolio 31 December 2019 31 December 2018

Category
Net Receivables by Residual Contract Maturity Net Receivables by Residual Contract Maturity

< 1 year >1-3 years >3-5 Non- Total < 1 year >1-3 years >3-5 years Non- Total
years Contractual Contractual

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)

1 Receivables on 3,862,369 429,779 266,132 458,402 5,016,682 2,995,414 187,274 68,068 - 3,250,756
Sovereigns

2 Receivables on 123,319 - - - 123,319 50,000 - - - 50,000

Public Sector
Entities

3 Receivables on - - - - - - - - - -
Multilateral
Development
Banks andBanks
and International
Institutions

4 Receivables - - - 166,867 166,867 - - - 723,748 723,748

on Banks
121
5 Loans Secured - - - - - - - - - -
by Residential
Property

6 Loans Secured - - - - - - - - - -
by Commercial
Real Estate

7 Employee/ - - - - - - - - - -
Retiree Loans

8 Receivables on 6,468,122 2,276,883 - - 8,745,005 5,206,141 1,935,957 - - 7,142,098

Micro, Small
Businesses and
Retail Portfolios

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

9 Receivables on 23,888 4,950 - - 28,838 - - - - -
Corporations

10 Past Due 22,633 580 - - 23,213 358 897 - - 1,255

Receivables

11 Other Assets - - - 1,067,445 1,067,445 - - - 726,100 726,100

Total 10,500,331 2,712,192 266,132 1,692,714 15,171,369 8,251,913 2,124,128 68,068 1,449,848 11,893,957
 Disclosure of Net Receivables based on Economic Sector

No. Portfolio Category Receivables on Receivables on Public Receivables on Multilateral

Sovereigns Sector Entities Development Banks andBanks and
International Institutions

(1) (2) (3) (4) (5)

31 December 2019

1 Agriculture, Hunting, and Forestry - - -

2 Fisheries - - -

3 Mining and Excavation - - -

4 Manufacturing - - -

5 Electricity, Gas, and Water - - -

6 Construction - - -

7 Wholesale and Retail Trading - - -

8 Accommodation and Food & Beverage Services - - -

9 Transportation, Warehousing, and Communication - - -

10 Financial Intermediaries - - -

11 Real Estate, Rental Businesses, and Corporate Services - - -

12 Government Administration, Defense, and Compulsory - - -

Social Insurance

13 Education Services - - -

14 Health Services and Social Activities - - -

15 Social, Sociocultural, Entertainment, and Other Personal Services - - -

122 16 Personal Household Services - - -

17 International Institutions and Other Extra International Institutions - - -

18 Undefined Services - - -

19 Non-Productive Sector - - -

20 Others 5,016,682 123,319 -

Total 5,016,682 123,319 -

31 December 2018

1 Agriculture, Hunting, and Forestry - - -

2 Fisheries - - -

3 Mining and Excavation - - -

4 Manufacturing - - -

5 Electricity, Gas, and Water - - -

6 Construction - - -

7 Wholesale and Retail Trading - - -

8 Accommodation and Food & Beverage Services - - -

9 Transportation, Warehousing, and Communication - - -

10 Financial Intermediaries - - -

11 Real Estate, Rental Businesses, and Corporate Services - - -

12 Government Administration, Defense, and Compulsory - - -

Social Insurance

13 Education Services - - -

14 Health Services and Social Activities - - -

15 Social, Sociocultural, Entertainment, and Other Personal Services - - -

16 Personal Household Services - - -

17 International Institutions and Other Extra International Institutions - - -

18 Undefined Services - - -

19 Non-Productive Sector - - -

20 Others 3,250,756 - -

Total 3,250,756 - -
 (in million rupiah)

Receivables Loans Secured by Loans Secured Employee/ Receivables on Micro, Small Receivables on Past Due Other
on Banks Residential Property by Commercial Retiree Loans Businesses and Retail Corporations Receivables Assets
Real Estate Portfolios

(6) (7) (8) (9) (10) (11) (12) (13)

- - - - 639,430 - 981 -

- - - - 33,624 - 75 -

- - - - 4,180 - 5 -

- - - - 331,142 - 869 -

- - - - - - - -

- - - - - - - -

- - - - 6,680,304 - 18,779 -

- - - - 176,678 - 618 -

- - - - 26,556 - 63 -

- - - - 802 28,838 - -

- - - - 6,152 - 14 -

- - - - - - - -

- - - - - - - -

- - - - 3,236 - 16 -

- - - - 43,018 - 113 -

- - - - 793,196 - 1,638 - 123

- - - - - - - -

- - - - - - - -

- - - - 70 - - -

166,867 - - - 6,617 - 42 1,067,445

166,867 - - - 8,745,005 28,838 23,213 1,067,445

- - - - 487,757 - 35 -

- - - - 25,888 - - -

- - - - 3,133 - - -

- - - - 209,818 - 35 -

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

- - - - - - - -

- - - - - - - -

- - - - 5,963,379 - 1,138 -

- - - - 125,286 - 5 -

- - - - 14,038 - - -

- - - - - - - -

- - - - 4,455 - - -

- - - - - - - -

- - - - - - - -

- - - - 2,507 - - -

- - - - 28,356 - 3 -

- - - - 272,265 - 39 -

- - - - - - - -

- - - - - - - -

- - - - 152 - - -

723,748 - - - 5,064 - - 726,100

723,748 - - - 7,142,098 - 1,255 726,100

 Disclosure of Receivables and Provisions based on Region

(in million rupiah)

No. Portfolio 31 December 2019 31 December 2018

Category
Geographic Area Geographic Area

Java Bali and Sumatera Kalimantan, Total Java Bali and Sumatera Kalimantan, Total
Nusa Sulawesi, Nusa Sulawesi,
Tenggara Maluku & Tenggara Maluku &
Papua Papua

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)

1 Gross claims 12,421,798 325,306 2,206,776 386,939 15,340,819 9,721,460 292,465 1,696,454 298,645 12,009,024

2 Impaired claims - - - - - - - - -

a. Not yet - - - - - - - - - -
matured

b. Matured 87,796 5,218 20,691 8,965 122,670 71,001 3,451 19,001 7,429 100,882

3 Allowance for - - - - - - - - - -
impairment
losses -
Individual

4 Allowance for 205,971 12,801 57,318 16,029 292,119 124,707 46,758 32,369 12,115 215,949
impairment
losses -
collective

5 Amounts 474,579 31,855 133,746 62,190 702,370 321,802 23,570 87,028 45,323 477,723
written-off

124
Disclosure of Receivables and Provisions based on Economic Sector
(in million rupiah)

No. Portfolio Category Claims Impaired claims Allowance for Allowance for Amounts
impairment impairment written-
Not Yet Matured losses - losses - off
Matured Individual collective

(1) (2) (3) (4) (5) (6) (7) (8)

31 December 2019
1 Agriculture, Hunting, and Forestry 651,346 - 5,235 - 16,169 17,188
2 Fisheries 34,367 - 375 - 1,044 3,022
3 Mining and Excavation 4,298 - 19 - 133 130
4 Manufacturing 338,815 - 4,415 - 11,219 25,094
5 Electricity, Gas, and Water - - - - - -
6 Construction - - - - - -
7 Wholesale and Retail Trading 6,827,568 - 99,876 - 228,361 602,442
8 Accommodation and Food & Beverage Services 180,953 - 3,231 - 6,889 22,303
9 Transportation, Warehousing, and Communication 27,106 - 293 - 779 1,326
10 Financial Intermediaries 29,939 - - - 299 -
11 Real Estate, Rental Businesses, and Corporate Services 6,307 - 96 - 236 695
12 Government Administration, Defense, and Compulsory - - - - - -
Social Insurance
13 Education Services - - - - - -
14 Health Services and Social Activities 3,317 - 72 - 137 142
15 Social, Sociocultural, Entertainment, and Other Personal 43,988 - 690 - 1,546 1,732
Services
16 Personal Household Services 811,624 - 8,166 - 24,957 28,170
17 International institute - - - - - - 125
18 Undefined Services - - - - - 56
19 Non-Productive Sector 70 - - - - -
20 Others 6,381,121 - 202 - 350 70
Total 15,340,819 - 122,670 - 292,119 702,370
31 December 2018
1 Agriculture, Hunting, and Forestry 491,108 - 2,535 - 5,851 10,787
2 Fisheries 26,355 - 404 - 871 2,321
3 Mining and Excavation 3,162 - 18 - 47 84
4 Manufacturing 212,303 - 2,537 - 4,988 19,242
5 Electricity, Gas, and Water - - - - - -
6 Construction - - - - - -

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

7 Wholesale and Retail Trading 6,066,990 - 88,063 - 190,532 407,896
8 Accommodation and Food & Beverage Services 126,836 - 2,392 - 3,939 16,992
9 Transportation, Warehousing, and Communication 14,265 - 178 - 405 1,002
10 Financial Intermediaries - - - - - -
11 Real Estate, Rental Businesses, and Corporate Services 4,509 - 77 - 131 486
12 Government Administration, Defense, and Compulsory - - - - - -
Social Insurance
13 Education Services - - - - - -
14 Health Services and Social Activities 2,546 - 17 - 57 60
15 Social, Sociocultural, Entertainment, and Other Personal 28,719 - 262 - 622 922
Services
16 Personal Household Services 276,354 - 4,399 - 8,449 17,875
17 International institute - - - - - -
18 Undefined Services - - - - - 56
19 Non-Productive Sector 152 - - - - -
20 Others 4,755,725 - - - 57 -
Total 12,009,024 - 100,882 - 215,949 477,723
 Disclosure of Detailed Movement of Provisions for Impairment of Earning Assets

(in million rupiah)

No. Portfolio Category 31 Desember 2019 31 Desember 2018

Individual Collective Individual Collective

impairment impairment impairment impairment

(1) (2) (3) (4) (5) (6)

1 Beginning balance - 215,949 - 157,657

2 Provision (recovery) for the period - 309,402 - 265,571

2.a. Provision for the period - 309,402 - 265,571

2.b. Recovery for the period - - - -

3 Write-offs for the period - (236,908) - (213,472)

4 Other provision (recovery) for the period - 3,676 - 6,193

Ending balance - 292,119 - 215,949

Disclosure of Net Receivables based on Portfolio and Ranking Scale

31 December 2019

No. Portfolio Category

126
Rating Agencies

Standard and Poor’s AAA AA+s.dAA- A+s.dA-

Fitch Rating AAA AA+s.dAA- A+s.dA-

Moody’s Aaa Aa1 s.d Aa3 A1 s.d A3

PT. Fitch Ratings Indonesia AAA (idn) AA+(idn) s.d A+(idn) s.d
AA-(idn) A-(idn)

PT. Pemeringkat Efek Indonesia idAAA idAA+ s.d idAA- idA+ s.d idA-

(1) (2) (3) (4) (5) (6)

1 Claims on Sovereigns -

2 Claims on Public Sector Entities 123,319

3 Claims on Multilateral Development Banks andBanks and International

Institutions

4 Claims on Banks 87,762

5 Secured by Residential Property

6 Secured by Commercial Real Estate

7 Pensioners/Other institutions’ employees loans

8 Claims on Micro, Small and Retail Portfolio

9 Claims on Corporate

10 Past Due Claims

11 Other assets

Total 87,762 - 123,319 -

 Disclosure of Credit Risk Using Standard Approch

The Bank calculates Risk Weighted Average (ATMR) Credit Risk using Standard Approach, referring to SEOJK
no 34/SEOJK.03/2015 concerning the Calculation of Risk Weighted Average (ATMR) Credit Risk using Standard
Approach for Sharia Commerical Bank, with its amendments. The Risk Weighted Average Credit Risk is computed
with the following formula:

NET RECEIVABLES x RISK WEIGHT

Where the Net Receivables are :

(Booked Asset Value + Accrued Margin Income – Provisions for Impairment of

Earning Assets)

(in million rupiah)

Net Claims
127
Long Term Rating

BBB+ s.d BBB- BB+ s.d BB- BB+ s.d B- Less than B- A-1 A-2 A-3 Less than A-3 Without Total
Rating
BBB+ s.d BBB- BB+ s.d BB- BB+ s.d B- Less than B- F1+ s.d F1 F2 F3 Less than F3

Baa1 s.d Baa3 Ba1 s.d Ba3 Ba1 s.d Ba3 Less than B3 P-1 P-2 P-3 Less than P-3

BBB+(idn) s.d BB+(idn) s.d B+(idn) s.d Less than F1+(idn) F2(idn) F3(idn) Less than
BBB-(idn) BB-(idn) B-(idn) B-(idn) s.d F1(idn) F3(idn)

idBBB+ s.d idBBB- idBB+ s.d idBB- idB+ s.d idB- Less than idB- idA1 idA2 idA4 Less than idA4

(7) (8) (9) (10) (11) (12) (13) (14) (15) (16)

5,016,682 5,016,682

123,319

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

105 79,000 166,867

8,745,005 8,745,005

28,838 28,838

23,213 23,213

1,067,446 1,067,446

- - - - - 105 - - - 14,960,184 15,171,370

 31 December 2018

No. Portfolio Category

Rating Agencies

Standard and Poor’s AAA AA+s.dAA- A+s.dA-

Fitch Rating AAA AA+s.dAA- A+s.dA-

Moody’s Aaa Aa1 s.d Aa3 A1 s.d A3

PT. Fitch Ratings Indonesia AAA (idn) AA+(idn) s.d A+(idn) s.d
AA-(idn) A-(idn)

PT. Pemeringkat Efek Indonesia idAAA idAA+ s.d idAA- idA+ s.d idA-

(1) (2) (3) (4) (5) (6)

1 Claims on Sovereigns -

2 Claims on Public Sector Entities 50,000

3 Claims on Multilateral Development Banks andBanks and International

Institutions

4 Claims on Banks 158,743

5 Secured by Residential Property

6 Secured by Commercial Real Estate

7 Pensioners/Other institutions’ employees loans

8 Claims on Micro, Small and Retail Portfolio

9 Claims on Corporate

10 Past Due Claims

11 Other assets
128 Total 158,743 -

Disclosure of Counterparty Credit Risk

Credit Risk due to the failure of the counterparty of the Bank is the risk of the default of the counterparty engaged
in a contract with the Bank that cause potential loss for the Bank to replace the contract. Counterparty credit risk
usually arises from foreign exchange swap, repurchase/reverse repurchase.

The Bank applies credit analysis with scoring system in selecting the counterparty, to ensure that the counterparty
has the capacity to pay. The scoring result is reviewed periodically using the latest data to ensure the validity of
the score.

Counterparty Credit Risk

(1) Sharia Over the Counter Derivative Transaction

No. Underlying Variable 31 December 2019

Notional Amount Sharia Sharia Net Claims

Derivatives Derivatives before CRM
< 1 Year > 1 Year - > 5 Years Assets Liabilities
< 5 Years

1 Sharia Compliant Profit Rate Swap

2 Sharia Compliant Foreign Currency Swap

3 Others

Total
 (in million rupiah)

Net Claims

Long Term Rating

BBB+ s.d BBB- BB+ s.d BB- BB+ s.d B- Less than B- A-1 A-2 A-3 Less than A-3 Without Total
Rating
BBB+ s.d BBB- BB+ s.d BB- BB+ s.d B- Less than B- F1+ s.d F1 F2 F3 Less than F3

Baa1 s.d Baa3 Ba1 s.d Ba3 Ba1 s.d Ba3 Less than B3 P-1 P-2 P-3 Less than P-3

BBB+(idn) s.d BB+(idn) s.d B+(idn) s.d Less than F1+(idn) F2(idn) F3(idn) Less than
BBB-(idn) BB-(idn) B-(idn) B-(idn) s.d F1(idn) F3(idn)

idBBB+ s.d idBBB- idBB+ s.d idBB- idB+ s.d idB- Less than idB- idA1 idA2 idA4 Less than idA4

(7) (8) (9) (10) (11) (12) (13) (14) (15) (16)

3,250,756 3,250,756

50,000

100,005 465,000 723,748

7,142,098 7,142,098

1,255 1,255

726,100 726,100

100,005 11,585,209 11,893,957 129

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

(in million rupiah)

31 December 2018

CRM Net Claims Notional Amount Sharia Sharia Net Claims CRM Net Claims post
post CRM Derivatives Derivatives before CRM CRM
< 1 Year > 1 Year - > 5 Years Assets Liabilities
< 5 Years
 (2) Repo Transaction

(in million rupiah)

No. Portfolio Category 31 December 2019 31 December 2018

SSB Repo Repo Net Claims RWA SSB Repo Repo Net Claims RWA
Fair Value Liabilities Fair Value Liabilities

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

1 Claims on Sovereign
2 Claims on Public
Sector Entity
3 Claims on
Multilateral
Development
Banks andBanks
and International
Institutions
4 Claims on Banks
5 Claims on Micro,
Small and Retail
Portfolio
6 Claims on Corporate
Total - - - -

(3) Reverse Repo Transaction

(in million rupiah)

No. Portfolio Category 31 December 2019 31 December 2018

130
SSB Repo Repo Net Claims RWA SSB Repo Repo Net Claims RWA
Fair Value Liabilities Fair Value Liabilities

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

1 Claims on Sovereign
2 Claims on Public
Sector Entity
3 Claims on
Multilateral
Development
Banks andBanks
and International
Institutions
4 Claims on Banks
5 Claims on Micro,
Small and Retail
Portfolio
6 Claims on Corporate
Total - - - -
Disclosure of Net Receivables based on risk weight after calculating the impact of credit risk
mitigation

No. Porftolio Category 31 December 2019 RWA Capital

Charge
Net Claims post Credit Risk Mitigation

0% 20% 35% 40% 45% 50% 75% 100% 150% Others

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14)

A Balance Sheet Exposures

1 Claims on Sovereigns 5,016,682 - -

2 Claims on Public Sector Entities 123,319 61,660 4,932.80

3 Claims on Multilateral Development -

Banks andBanks and International
Institutions

4 Claims on Banks 166,867 33,373 2,670

5 Secured by Residential Property -

6 Secured by Commercial Real Estate -

7 Pensioners/Other institutions’ -
employees loans

8 Claims on Micro, Small and Retail 8,745,005 6,558,754 524,700

Portfolio

9 Claims on Corporate 28,838 - -

10 Past Due Claims 23,213 23,213 1,857

11 Other assets 711,333 356,113 356,113 28,489

Total Balance Sheet Exposures 5,728,015 166,867 - - - 152,157 8,745,005 379,326 - - 7,033,113 562,649
131
B Off-Balance Sheet Exposures
1 Claims on Sovereigns

2 Claims on Public Sector Entities

3 Claims on Multilateral Development

Banks andBanks and International
Institutions

4 Claims on Banks

5 Secured by Residential Property

6 Secured by Commercial Real Estate

7 Pensioners/Other institutions’
employees loans

8 Claims on Micro, Small and Retail

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Portfolio

9 Claims on Corporate

10 Past Due Claims

Total Off-Balance Sheet Exposures

C Counterparty Credit Risk
Exposures
1 Claims on Sovereign
2 Claims on Public Sector Entity
3 Claims on Multilateral Development
Banks andBanks and International
Institutions
4 Claims on Banks
5 Claims on Micro, Small and Retail
Portfolio
6 Claims on Corporate
Total Counterparty Credit Risk
Exposures
 Disclosure of Net Receivables and Credit Risk Mitigation Technique

No. Portfolio Category 30 December 2019

Net Claims Claims guaranteed by

Collateral Guarantee letter Credit Insurance Others

(1) (2) (3) (4) (5) (6) (7)

A Balance Sheet Exposures

1 Claims on Sovereigns 5,016,682 - - -

2 Claims on Public Sector Entities 123,319 - - -

3 Claims on Multilateral Development Banks andBanks - - - -

and International Institutions

4 Claims on Banks 166,867 - - -

5 Secured by Residential Property - - - -

6 Secured by Commercial Real Estate - - - -

7 Pensioners/Other institutions’ employees loans - - - -

8 Claims on Micro, Small and Retail Portfolio 8,745,005 - - -

9 Claims on Corporate 28,838 28,838 - -

10 Past Due Claims 23,213 - - -

11 Other assets 1,067,445 - - -

Total Balance Sheet Exposures 15,171,369 28,838 - - -

B Off-Balance Sheet Exposures

1 Claims on Sovereigns - - - -

2 Claims on Public Sector Entities - - - -

132 3 Claims on Multilateral Development Banks andBanks - - - -

and International Institutions

4 Claims on Banks - - - -

5 Secured by Residential Property - - - -

6 Secured by Commercial Real Estate - - - -

7 Pensioners/Other institutions’ employees loans - - - -

8 Claims on Micro, Small and Retail Portfolio - - - -

9 Claims on Corporate - - - -

10 Past Due Claims - - - -

Total Off-Balance Sheet Exposures - - - - -

C Counterparty Credit Risk Exposures

1 Claims on Sovereign - - - -

2 Claims on Public Sector Entity - - - -

3 Claims on Multilateral Development Banks andBanks - - - -

and International Institutions

4 Claims on Banks - - - -

5 Claims on Micro, Small and Retail Portfolio - - - -

6 Claims on Corporate - - - -

Total Counterparty Credit Risk Exposures - - - - -

Total (A+B+C) 15,171,369 28,838 - - -

 30 December 2018

Claims not Net Claims Claims guaranteed by Claims not

guaranteed guaranteed
Collateral Guarantee letter Credit Insurance Others

(8)=(3)-[(4)+(5)+(6)+(7)] (9) (10) (11) (12) (13) (14)=(9)-[(10)+(11)+(12)+(13)]

5,016,682 3,250,756 - - - 3,250,756

123,319 50,000 - - - 50,000

- - - - - -

166,867 723,748 - - - 723,748

- - - - - -

- - - - - -

- - - - - -

8,745,005 7,142,098 - - - 7,142,098

- - - - - -

23,213 1,255 - - - 1,255

1,067,445 726,100 - - - 726,100

15,142,531 11,893,957 - - - - 11,893,957

- - - - - -

- - - - - -

- - - - - - 133

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - - -

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - - -

15,142,531 11,893,957 - - - - 11,893,957

 Calculation of Risk Weighted Average (ATMR) Credit Risk

(1) Disclosure of the Calculation of Risk Weighted Average (ATMR) Credit Risk using Standard Approach

(in million rupiah)

No. Portfolio Category 31 December 2019 31 December 2018

Net RWA pre RWA post Net RWA pre RWA post
Claims CRM CRM Claims CRM CRM

(1) (2) (3) (4) (5) (6) (7) (8)

1 Claims on Sovereigns 5,016,682 - - 3,250,756 - -

2 Claims on Public Sector Entities 123,319 61,660 61,660 - - -

3 Claims on Multilateral Development Banks andBanks and - - - 50,000 25,000 25,000

International Institutions

4 Claims on Banks 166,867 33,373 33,373 723,748 144,749 144,749

5 Secured by Residential Property - - - - - -

6 Secured by Commercial Real Estate - - - - - -

7 Pensioners/Other institutions’ employees loans - - - - - -

8 Claims on Micro, Small and Retail Portfolio 8,745,005 6,558,754 6,558,754 7,142,098 5,356,573 5,356,573

9 Claims on Corporate 28,838 14,419 - - - -

10 Past Due Claims 23,213 23,213 23,213 1,255 1,256 1,256

11 Other assets 1,067,445 - 356,113 726,100 - 310,517

Total 15,171,369 6,691,419 7,033,113 11,893,957 5,527,578 5,838,095

(2) Off Balance Sheet Exposures

134
(in million rupiah)

No. Portfolio Category 31 December 2019 31 December 2018

Net RWA pre RWA post Net RWA pre RWA post
Claims CRM CRM Claims CRM CRM

(1) (2) (3) (4) (5) (6) (7) (8)

1 Claims on Sovereigns - - - - - -

2 Claims on Public Sector Entities - - - - - -

3 Claims on Multilateral Development Banks andBanks and - - - - - -

International Institutions

4 Claims on Banks - - - - - -

5 Secured by Residential Property - - - - - -

6 Secured by Commercial Real Estate - - - - - -

7 Pensioners/Other institutions’ employees loans - - - - - -

8 Claims on Micro, Small and Retail Portfolio - - - - - -

9 Claims on Corporate - - - - - -

10 Past Due Claims - - - - - -

Total - - - - - -
(3) Counterparty Credit Risk Expo

(in million rupiah)

No. Portfolio Category 31 December 2019 31 December 2018

Net RWA pre RWA post Net RWA pre RWA post
Claims CRM CRM Claims CRM CRM

(1) (2) (3) (4) (5) (6) (7) (8)

1 Claims on Sovereign - - - - - -

2 Claims on Public Sector Entity - - - - - -

3 Claims on Multilateral Development Banks andBanks and - - - - - -

International Institutions

4 Claims on Banks - - - - - -

5 Claims on Micro, Small and Retail Portfolio - - - - - -

6 Claims on Corporate - - - - - -

Total - - - - - -

(4) Settlement Risk Exposures

(in million rupiah)

No. Portfolio Category 31 December 2019 31 December 2018

Exposure Capital Deduction RWA Exposure Capital Deduction RWA

Factor Factor

(1) (2) (3) (4) (5) (6) (7) (8)

135
1 Delivery versus payment - - - -

a. 8% capital charge (5-15 days) - - - -

b. 50% capital charge (16-30 days) - - - -

c. 75% capital charge (31-45 days) - - - -

d. 100% capital charge (more than 45 days) - - - -

2 Non-delivery versus payment - - - -

Total - - - - - -

(5) Securitisation Exposures

(in million rupiah)

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

No. Portfolio Category 31 December 2019 31 December 2018

Capital Deduction RWA Capital Deduction RWA

Factor Factor

(1) (2) (3) (4) (5) (6)

1 Eligible credit facility - - - -

2 Non-eligible credit facility - - - -

3 Eligible liquidity facility - -

4 Non-eligible liquidity facility - - - -

5 Eligible Asset-Backed Securities purchases - - - -

6 Non-eligible Asset-Backed Securities purchases - - - -

7 Other securitisation exposure which not included in Bank Indonesia - -

regulation regarding prudent principles in undergoing assets securitisation
activities in banking industries

Total - - - -
 (6) Credit Risk Exposure

No. 31 December 2019 31 December 2018

1 Total Credit Risk RWA 7,033,112 5,838,095

2 Total Capital Deduction Factor -

2. Market Risk

Currently the Bank has had the adequate policies Market risks arising from the Bank operational
and procedures on the main principles of market activities including the risk potential under
risk management framework. In line with the the normal and the crisis situation have been
current activities of the Bank, the application identified, measured, managed and monitored.
of market risk management only covers the Identification of benchmark rate risk starts from
measurement and monitoring to the changes of the the analysis on the sources of risk potentials
benchmark rate of the banking book portfolio. inherent in the overall rate sensitive instruments
The management of benchmark rate risk banking of the Bank including assets, liabilities and off
book is part of the overall Assets and Liabilities balance sheet positions of the Bank that could
Management according to the Business Bank create loss for the Bank both from the earning
situation. side and the economic value. The banking book
exposure from the Bank’s Assets and Liabilities is
136 The Bank policies and procedures have measured using the sensitivity analysis based on
clearly determined the segregation of duties, repricing gap profile. To calculate the benchmark
responsibilities and authorities between Treasury risk banking book, the Bank currently uses 2 (two)
and FI Unit that is responsible to collect and methodologies from 2 perspectives, that is:
provide information on transaction and business
volume, and Risk Management Unit that is 1. Revenue Perspective: Calculation of Projected
responsible to identify, manage and monitor the Net Income
potential of market risk.
2. Economic Value Perspective: Calculation of
The risk limit setting and risk tolerance are Economic Value of Equity (EVE)
well documented in the Market and Liquidity
The Bank has also performed revaluation process
Risk Management Policy and SOP Market Risk
using Mark to Market method as part of the
Management. Regular review to the policy is
Bank’s market risk monitoring to the values of the
made to ensure its relevance to the Bank business
Bank’s securities. Monitoring to the Net Income
activities and its compliance to the the regulations
Simulation and EVE and the values of securities
and its adherence to the Sharia principles.
with the Mark to Market process is conducted
Adequacy in the Process of Identification, every month and reported to the ALCO meetings
Measurement, Monitoring and Control of Risk and and the related committee.
Risk Management Information System
 Internal Control System In order to support the operational risk
management process, the Bank has reviewed and
The Bank has had adequate internal system refined the policies and procedures on periodic
including the measurement of the resilience to loss basis according to the latest business development
under stressful market condition. The stress test and regulations as well as to ensure its compliance
scenario that is made in relation to the changes of to the Sharia principles.
the rate of return in the market allows the Bank to
assess the impacts to the Bank revenue. Adequacy in the Process of Identification,
Measurement, Monitoring and Control of Risk and
Should there be some inconformity or excess of Risk Management Information System
tolerance or limit set by the Bank/Regulator or
referring to the prevailing Policies and Procedures, The Bank has reviewed to all policies, procedures
there will be an escalation process from the the and other activities to identify all potential of
Market and Liquidity Risk to the Head of Risk operational risks. The result of the review in the
Management, Treasury and FI and the Director form of recommendation is submitted to the
in Charge or Committee with regard to such the related working units for further follow up.
excess. Treasury & FI and other business units
must normalize the market risk exposure according Every woking unit performs evaluation to the
to the improvement plan within the specified activities and measure the risk of each activity
timeframe. Market and Liquidity Risk will monitor based on Process Risk Control Framework and Risk
the implementation of the improvement plan and Grading Matrix. The result of the measurement
notify the related Commitee. Such control system is reviewed on periodic basis to ensure that risk
is stipulated in the Policies and Procedures. level is identified and measured in all processes.
On regular basis every working unit performs
self assessment to the work processes that
3. Operations Risk carry significant risk potentials. The result is 137
validated by the Quality Assurance function to
In the undertaking of the business activities, the
ensure that the assessment is according to the
Bank has had the policies, procedures and has
predetermined framework.
set the limit to manage operational risk. The
Operational Risk Management Policies include The monitoring is also conducted by registering
amongst others the framework, internal control every risk event in the Operational Risk
mechanism, key processes, and the development Management System (ORMS) by every working
of risk-awareness culture. As for fraud unit. The Risk Management Unit manages all
management, the Bank has had the Policy on the information in the ORMS and analyzes the
Anti-Fraud Strategy that contains amongst others information to decide the neccessary follow
the duties and responsibilities of employees in the up action.
context of fraud occurence, prevention, detection

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

and handling of fraud incidents, including the The Bank has the mechanism that allows early
efforts to build the fraud-awareness culture. detection fraud through JAGA system where
every employee is able to report the potential of
BTPN Syariah provides procedures as the the occurence of fraud anonymously. The Fraud
implementation of this policy, including amongst Management Unit will follow up every report and
others the Assurance Procedures to Manage administer the investigation process according to
Operational Risk, Business Impact Analysis and the prevailing regulations. Periodically the fraud
Business Continuity Plan, Incident Management cases are reported to the Management and the
Plan and Anti Fraud Strategy.
 Regulator. The Bank also monitors the operational risk management by conducting coordination meeting /
communication forum on periodic basis involving related units.

The result of the assessment and the identified issues are reported on periodic basis to the Board of Directors
and the Board of Commissioners in the meetings of Risk Management Committee and Risk Monitoring
Committee. The direction and recommendation of the Board of Commissioners and the Board of Directors
is communicated to the related unit for further follow up. The implementation of the recommendation is
monitored and reported back to the Board of Commissioners and the Board of Directors.

Internal Control System

The Internal Control System is implemented within the framework of three layers of defense. On the first
layer, the unit is supported by the Quality Assurance unit to ensure that all activities are in accordance to
the policies and procedures. On the second layer, the Risk Management Unit maintains the methodology to
identify, measure, monitor and control the risk; and the Compliance Unit is responsible to ensure that all the
Bank activities are in compliance to the the regulator’s regulations and to the Sharia principles. On the third
layer, the Internal Audit is responsible to ensure that all the residual risk are well managed according to the risk
appetite and risk tolerance of the Bank.
138
Disclosure of Quantitative Operational Risk

(in million rupiah)

No. Aprroach 31 December 2019 31 December 2018

Gross Income Capital RWA Gross Income Capital RWA

(average 3 years) Charge (average 3 years) Charge

(1) (2) (3) (4) (5) (6) (7) (8)

1 Basic Indicator Approach 2,526,638 378,996 4,737,446 1,939,054 290,858 3,635,727

Total 2,526,638 378,996 4,737,446 1,939,054 290,858 3,635,727

4. Liquidity Risk

The policy of the Bank in managing liquidity risk is by developing the policy of liquidity risk management
that is aligned with the mission, business strategy, capital adequacy, human capital and risk appetite of
the Bank. In implementing the policy and procedures and in setting the limit of liquidity risk, the Bank has
clearly determined the segregation of duties, responsibilities and authorities amongst the units responsible
to manage the liquidity risk, that is the units whose activities are directly exposed to liquidity risks. The
Risk Management Unit independently provides input and objective analysis in the process of identification,
measurement, monitoring and control of liquidity risks.
The Bank policies and procedures have the measurement and monitoring process,
clearly determined the segregation of duties, methodology, assumption and risk control process.
responsibilities and authorities between Treasury
and FI Unit that is responsible to collect and The Bank measures and monitors the indicators
provide information on transaction and business of liquidity risks in a series of ratios, including
volume, and Risk Management Unit that is FDR ratio, funding concentration and liquid
responsible to independently provides input and assets adequacy to assess the resilience of the
objective analysis in the process of identification, bank liquidity.
measurement, monitoring and control of
The Bank also manage the funding strategy
liquidity risks.
during the normal circumstances as well as
The policies and procedurs of the Bank has also under a crisis situation. The bank funding in the
governed the management liquidity risks during normal circumstances come from the capital and
a crisis situation starting from the Contingency from third party fund, that are well managed
Funding Plan and its implementation until the to ensure good liquidity ratio and maximum
situation back to normal (business as usual). profitability. Whereas under crisis situation, the
Bank implement the borrowing strategy or facility
Periodically, the policies and procedures are utilization of the counterparty bank that are 139
reviewed to ensure their relevancy to the the governed in the SOP Contingency Funding Plan.
Bank business activities and compliance to the
prevailing regulations and Sharia principles. The monitoring of the vulnerability of liquidity
risk position are also performed on daily basis by
Adequacy in the Process of Identification, means of the early warning indicators that are
Measurement, Monitoring and Control of Risk and reported to the ALCO Committee.
Risk Management Information System
The bank has a system that provides the data for
The Bank has performed a routine process of report purposes, both for internal reporting and
identification, measurement, monitoring and regulatory reporting including individual reporting
control of liquidity risks in an effective manner; (maturity profile), and consolidation (LCR, NSFR,
referring to the prevailing liquidity risk policies and risk profile) to the parent bank. The report

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

and procedures that elaborate the details of is submitted monthly in the ALCO meetings and
related committees.
 Disclosure on Maturity Profile of Rupiah

No. Portfolio Category Balance 31 December 2019

Maturity*)

≤ 1 month > 1 month to > 3 months to

3 months 6 months

(1) (2) (3) (4) (5) (6)

I BALANCE SHEET

A. Assets 15,463,488

1. Cash 711,333 711,333 - -

2. Bank Indonesia Placement 3,182,412 1,486,281 504,069 1,192,062

3. Interbank Placement 37,867 37,867

4. Marketable Securities - Owned 2,086,589 792,495 483,017 -

5. Reverse Repo - - - -

6. Murabahah Receivables - Gross 9,059,166 116,592 453,083 1,217,908

7. Salam Receivables - - - -

8. Istishna Receivables - - - -

9. Funds of qardh 880 - - 2

10. Mudharabah Financing - - - -

11. Musyarakah Financing 29,129 - - 2,567

12. Ijarah - - - -

13. Other Assets 356,112 356,112 - -

B. Liabilities 9,446,550

1. Third Party Funds

140
a. Wadiah Current Accounts 25,248 25,248 - -

b. Mudharabah Time Deposits 7,445,786 5,298,489 1,847,295 256,445

c. Wadiah Savings Accounts 1,870,638 1,870,638 - -

d. Mudharabah Savings Accounts 104,878 104,878 - -

e. Others - - - -

2. Liability to Bank Indonesia - - - -

3. Liability to Other Bank - - - -

4. Marketable Securities - Issued - - - -

5. Financing Received - - - -

6. Other Liabilities - - - -

C. Off Balance Sheets

1. Commitments

2. Contigencies

D. Difference (A-B) 6,016,938

 Balance 31 December 2018

Maturity*)

> 6 months to >12 months ≤ 1 month > 1 month to > 3 months to > 6 months to >12 months
12 months 3 months 6 months 12 months

(7) (8) (3) (4) (5) (6) (7) (8)

12,109,906

- - 415,583 415,583 - - - -

- - 2,668,989 1,773,989 - 395,000 500,000 -

317,465 317,465 - - - -

60,343 750,734 1,038,050 697,725 - 58,700 26,283 255,342

- - - - - - - -

4,954,192 2,317,391 7,359,150 107,394 366,430 1,044,272 3,866,941 1,974,113

- - - - - - - -

- - - - - - - -

782 96 152 - - 2 9 141

- - - - - - - -

21,562 5,000 - - - - - -

- - - - - - - -

- - 310,517 310,517 - - - -

7,612,114

141
- - 100,350 100,350 - - - -

43,547 10 5,878,478 4,108,910 1,658,085 88,170 23,293 20

- - 1,518,904 1,518,904 - - - -

- - 114,382 114,382 - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

4,497,792
 Disclosure on Maturity Profile of Foreign Currency

No. Portfolio Category Balance 31 December 2019

Maturity*)

≤ 1 month > 1 month to > 3 months to

3 months 6 months

(1) (2) (3) (4) (5) (6)

I BALANCE SHEET

A. Assets

1. Cash

2. Bank Indonesia Placement

3. Interbank Placement

4. Marketable Securities - Owned

5. Murabahah Receivables - Gross

6. Salam Receivables

7. Istishna Receivables

8. Funds of qardh

9. Mudharabah Financing

10. Musyarakah Financing

11. Ijarah
142
12. Other Assets

B. Liabilities

1. Third Party Funds

a. Wadiah Current Accounts

b. Mudharabah Time Deposits

c. Wadiah Savings Accounts

d. Mudharabah Savings Accounts

e. Others

2. Liability to Bank Indonesia

3. Liability to Other Bank

4. Marketable Securities - Issued

5. Financing Received

6. Other Liabilities

C. Off Balance Sheets

1. Commitments

2. Contigencies

D. Selisih (A-B)
 Balance 31 December 2018

Maturity*)

> 6 months to >12 months ≤ 1 month > 1 month to > 3 months to > 6 months to >12 months
12 months 3 months 6 months 12 months

(7) (8) (3) (4) (5) (6) (7) (8)

143

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

 Internal Control System including review to the documents according to
the regulations.
The Bank has had an adequate internal control
system which ensures that transactions and Adequacy in the Process of Identification,
processes exposed to liquidity risks are well Measurement, Monitoring and Control of Risk and
executed referring to the prevailing policies and Risk Management Information System
procedures.
Thus far, the legal risk management process
Should there be some incompatibility or excess of has been implemented well; the process of
liquidity risks, there will be an escalation process identification, measurement, monitoring, and
from the the Market and Liquidity Risk to the Head control of legal risks have been able to prevent/
of Risk Management, Treasury and FI and the minimize the arising legal risk. The process is
related Director or Committee. Treasury & FI and applied in providing opinion to settle legal case or
other business units must normalize the liquidity review legal document.
risk exposure according to the improvement
plan within the specified timeframe. Market and The process of identification, measurement,
Liquidity Risk will monitor the implementation monitoring, and control of legal risks is managed
of the improvement plan and notify the by Corporate Secretary and Legal Division that
related Committee. supervises the Legal Unit. Information on legal
case is reported on periodic basis in the Risk
The Bank has also had the Contingency Funding Management Committee.
Plan that governs the process of identification of
liquidity crisis situation based on Early Warning Internal Control System
Indicators by monitoring the internal and external
The control of legal risks is also performed by Risk
indicators, and manage the processes and steps in
Management Committee and Internal Audit Unit
144 handling the bank liquidity crisis. Internal Audit to
to ensure that the residual risks is well managed.
the liquidity risk has been done on periodic basis.
6. Strategic Risk
5. Legal Risk
The Bank has prepared a corporate plan and
In 2019, the Bank has taken several actions in order
annual work plan in line with the mission and
to manage legal risks, including amongst others
strategy of the Bank, that is approved by the
ensuring that the clauses in each agreement
Board of Commissioners and the Board of
were adequate to secure the Bank position and
Directors, taking into consideration the impact to
to monitor the due dates of the agreements in
the capital and review the plan every semester.
order to update the agreements accordingly, and
to ensure the adequacy of documentation of The Bank has also built Management Information
the agreements. System that facilitates exact performance
measurement and periodic monitoring of the
Besides, the Bank also has adequate policies and
implementation of key strategic initiatives by the
procedures concerning legal risk management
units of the Bank to achieve performance target
at the target timeframe.
7. Compliance Risk • The commitment to the Regulators
in addressing recommendations for
As a public company, the Bank prioritize improvements has been well completed and
compliance to the prevailing regulations. The sooner than time lines being agreed upon.
Bank always identifies the regulations concerning
public companies and develop internal regulations • The compliance risk management process
in accordance to the prevailing regulations, had been well managed to ensure that
improve the communication with regulators both the value of Compliance Risk Profile was
in relations to banking and public companies, in strong level which indicated that the
compliance culture is further improved to become compliance culture had been implemented
a culture that are embedded in all aspects of well in the bank.
the organization.
2. From the Awareness Perspective
As planned, the activities in 2019 to improve the
• The mandatory training had been
Compliance Culture as defined in the strategy
conducted effectively so that every
included:
employee understood the training content
1. From the Governance Perspective to implemented well in the daily execution
of duties.
• Supervision by the Board of
Commissioners, the Board of Directors • Several information to improve the
and the Sharia Supervisory Board has compliance culture was presented in
been performed well through a structured multimedia format that was attractive and
mechanism in the regular meetings and easy to understand.
direct visits to the field.
• In order to facilitate solution for the
compliance problem, a platform and 145
• The Bank has established a portal
containing the external and internal helpdesk had been established to provide
regulations to facilitate the employees the channel for the employees to ask
to obtain reliable reference for the daily questions easily and get thorough and
execution of duties. immediate answer.

• Monitoring to the timeframe of regulations • The purpose of the field visits of the Sharia
has been well administered that enables Supervisory Board is to conduct quotation
consistent updates of the internal test to the implementation of Sharia
regulations to adjust to the development of principles, as well as to provide explanation
external regulations. and guidance towards issues and to
increase the awareness of the Sharia

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

• With the relationship concept with the principles.
business units applied in the working
system, internalization of external
regulations has been done more effectively
with good quality.
 3. From the Assessment Perspective methods Risk Sectoral Assessment and
National Risk Assessment according to the
• In order to ensure the implementation of prevailing regulations.
the Bank operation is in accordance to
the regulations, a mechanism to do direct The above achievement should be seen within the
check to the field by the Sharia Supervisory context of how BTPN Syariah has addressed with
Board and the other supervising organ the challenges arising during 2019, elaborated
was established. as follows:

• The assessment was also administered 1. There are Regulations being issued by the
to the implementation of AML/CFT Regulator that BTPN Syariah is obliged to
program to identify customers and the complied into. BTPN Syariah conducts routines
Bank treatment based on the classification update on daily basis and has assigned a PIC to
of customers. This was to keep the Bank do the follow up for each area of responsilibity
from the money laundering and terrorism up to the final completion process to ensure
financing practices. BTPN Syariah is in compliance towards the
regulations;
• The assessment was performed directly
in the field to enable employees to obtain 2. Having a huge and widely spread employee
feedback and guidance for process accross the regions, BTPN Syariah carries the
improvement. potential of incompliant to the regulations.
In order to mitigate, BTPN Syariah ensured
From the activities in the 2019, the achievement that the internal control was adequate
amongst others: and performed on periodic basis and the
Sharia Supervisory Board supervised the
1. Compliance culture was well implemented in
146 BTPN Syariah as evidenced by all prudential
implementation to ensure compliance to the
Sharia Principles by employees and customers
ratios which had been maintained well, no
in the field. In addition to that, the compliance
significant penalty was imposed by the
assessment was performed to ensure that the
regulator and all compliance risk profile
operational activities in BTPN Syariah were
parameters showed positive value so that the
always in adherence to the prevailing rules
composite value of compliance risk profile was
and regulations, BTPN Syariah also conducted
in level 1 (strong).
regular education of the regulations through
2. The internalization of Regulators’ Regulations communication media that were accessible for
was well implemented as evidence by no delay all employees;
in translating the external regulations to the
3. Having the long list of Reports to be submitted
internal regulations and the establishment
to the Regulators with varies of time frames.
of the Bank portal containing regulations
In order to address it, BTPN Syariah provides
which enabled continuous monitoring to the
used the reminder system that worked well
timeframe to review the regulations to ensure
to prevent any delay in the completion and
all regulations were always updated with the
submission of the report.
latest development.
Compliance Culture must always be improved
3. The Commitments of bank to the Regulators
since a good Compliance Culture will support
were fully addressed and sooner than time
the Bank to grow fast and healthy. Compliance
framed being agreed upon, including the
is the responsibility embedded in all layers
commitment of the result of the inspection
of the organization. The Bank compliance
in 2019 and other commitment ie the
to the prevailing regulations reflects good
implementation of AML/CFT programs
corporate governance.
based on Risk Based Approach using the
In order to implement the above strategy, 8. Reputation Risk
the Compliance Division has structured the
organization into three Units, that is: The Bank responds to the customers’ complaints
within the specified time limit according to the
1. Compliance Advisory and Assessment (CAA) regulations. For any events that may impact the
Bank reputation, the Bank has taken the neccesary
2. Compliance Development and Reporting
corrective action to prevent such occurence in
3. Compliance AML & CFT the future.

All the three Units worked together to create the 9. Rate of Return Risk
Compliance Culture in BTPN Syariah and conduct
The Bank has had a policy to manage rate of
monitoring and control of compliance risk.
return risk. The policy is part of Risk Management
The monitoring and control of Compliance Risk Policy – the Market and Liquidity Risk Policy,
started from the identification of parameters for that identifies the rate of return risks inherent
compliance risk measurement. The parameters in each product and transaction and measures
for compliance risk measurement was determined the profile of rate of return risk with the risk
according to the POJK and SEOJK and the rating. This policy and procedures is reviewed on
business model of the Bank, with the appropriate periodic basis to ensure its relevancy to the Bank
weight and percentage incorporated in the business activities including its compliance to the
worksheet of compliance risk measurement. prevailing external regulations as well as to the
Sharia Principles.
Based on the parameters, monitoring and
control of compliance risk was administered. The 10. Investment Risk
compliance risk management level was reported
In line with the development of the business,
every month to the Risk Management Unit to 147
the Bank has developed the financing products
be further discussed in the Risk Management
for the financing companies based on the akad
Committee and in the Risk Monitoring Committee.
musyarakah. The risk potential for the financing
Beside the discussion in the Risk Management
model the customers default to pay the financing
Committee and in the Risk Monitoring Committee,
due to declining business performance or due to
the compliance risk level was reported in the
external condition.
Compliance Report that was prepared monthly,
quarterly and semesterly. The Bank managed investment risk since the
customers acquisition process, that included
By periodic monitoring and control of compliance
amongst others the customers selection,
risk, any increase in compliance risk will be
analysis of the capacity to pay, and the account
identified soon and mitigating action can be
maintenance process by building good relationship

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

prepared immediately.
with the Bank by the officers of the Bank.
With all the activities as mentioned above, a
Periodically, the Bank measures and monitors the
good Compliance Culture will be created since
performance of customers, including monitoring
compliance is essentially the responsibility of all
the changes in external factors that may affect
lines of organization. The Bank compliance to the
the repayment capability. The result of this
prevailing regulations reflects good corporate
monitoring is reported to the management for
governance as the foundation for the Bank to
further decision for improvement if necessary.
grow fast and healthy.
148
 daya
04
149

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

 The children in Bogor participating
in a storytelling activity on reducing
the impact of plastic waste to the
environment. This event is part of Tepat
Peduli initiatives.

#deminiatbaik (for good intention)

150
daya

The primary focus of DAYA as the corporate social responsibility is to support business of the Bank in
strengthening financial literation and financial inclusion through training and empowerment activities in health,
entrepreneurial skills and infrastructure development fields

In the previous years, DAYA activities were mainly structured into 3 pillars, namely Daya for Health and Welfare,
Daya to Grow Business and Daya for Community. In 2019, Daya was structured into Daya Program Reguler and
Daya Program Komunitas. This change was intended for DAYA activities to be better integrated and suitable for
variety of needs of the areas.

Daya Program Reguler

The empowerment activities in the Daya Program sharing session and by providing practical tips in a 151
Reguler included training and workshop about health condensed module using digital equipment to improve
and entrepreneurship. BTPN Syariah have always effectiveness.
updated the training modules and materials to ensure
The tips for the customers were mostly about the
their relevancy with the development of customers’
information on financial management, health and
situation.
entrepreneurship, among many others are tips of
The general knowledge and skills such as Healthy the Benefits of Walking, How to Maintain Healthy
Living Habit, Financial Management Module, Body Weight, The Danger of Diabetes, Preparing
Saving Education Module, Saving Habit, Emergency Emergency Funds, Saving with Date Reference,
Funds and BJSS were delivered through discussion, Managing Waste, and others.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Daya Program Komunitas

Daya Program Komunitas that brought certain The request for such activities can be made by
depth and specification of materials according to the #bankirpemberdaya who interact on daily basis with
needs for capacity development of the communities. the customers and communities. Several activities
In 2019, the communities empowered by the Bank that were conducted including online marketing,
such as the leather craftsman in Garut and Troso bookkeeping with application, and research on the
woven craftsman in Jepara were trained to improve communities characteristics and needs. In 2019, the
skills based on the assessment of the needs of such Bank also partnered with the Tourism and Creative
communities to make the training program more Economy Institution to conduct activities on product
structured and effective. development related to design and packaging.
 Sahabat Daya

Not only for #bankirpemberdaya, funding customers Di 2019, Sahabat Daya helped the victim of natural
and universities/students, the Bank also opened disaster in Indonesia using special techniques such
the opportunities for any body who intended to self-healing method to overcome the trauma after
get involved and participate in Daya activity as the earth quake and tsunami. The refugees were also
Sahabat Daya. invited to engage in activities in their spare time to
get additional income by giving them training how to
create accessories or recycle paper.

Sahabat Daya University (SDU)

Sahabat Daya University Program (SDUP) is a program that involves selected universities and students to assist
the productive underprivileged customers in order to promote their entrepreneurship. Prior to the starting the
assistance program, the students were provided with regular mentoring about how to promote entrepreneurship.

Pada 2019, the SDU program of Bank collaborated with Atma Jaya University, Business School of Bogor Institute
of Agriculture and State Islamic University Imam Bonjol.

Tepat Peduli
152
Tepat, as the campaign launched in 2019 is rooted The locations of Tepat Peduli were spread in all
in the belief that there will be a way for anybody provinces wherever BTPN Syariah was present. The
intending to do business and ready to take the steps to 1,000 points of location included the development
realize good intention faster. of public sanitation facilities, clean water
facility, education facility, religious facility, waste
Along with the launch of Tepat, the Daya activities management facility, integrated services facility and
developed infrastructure in 1,000 points of the other public facilities.
Bank operational location all over Indonesia. The
development was implemented simultaneously in With the activities of Tepat Peduli, BTPN Syariah
collaboration with the selected partners and in collaborated with the partners and local agents. The
accordance to the needs of the local community in the selection of partners with relevant capabilities that
respected areas based on request or the assessment shared empowerment mission was the key success
of #bankirpemberdaya in the field. factor of the program.

Daya in 2020

Daya, as part of BTPN Syariah, is integrated in the business of the company and realizes the corporate social
responsibility. For 2020, there are several activity plans, including optimizing the capacity of #bankirpemberdaya
in the field as the extension of the Bank to reach the customers. BTPN Syariah will also conduct special training
for the inspirational customers to enable them to bring more positive impact not only to the family but also to the
communities, so that the good intention will be realized faster for the benefit of millions of Indonesian people.
 Fenny Oktavera 153

Business Manager Coordinator Jabar 2

Since the launch of TEPAT Peduli in 1,000 locations,

i formed sort of mix emotions of happiness and
proud. Happy having the surrounding community

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

of my customers will receive supports in building
public facilities according to their needs, and proud
when my wish of giving back to the community was
delivered by the Bank i am working for.

It feels like all my dreams of doing good are

delivered faster here, professionally and personally.
154
154
 05
governance
the good corporate
155

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

156

Teti and her husband, funding customers

from Semarang, participated in Tepat
Roadshow as a form of stakeholders’
direct involvement in the corporate social
responsibility implementation through
Daya Program Komunitas.

#deminiatbaik (for good intention)

the implementation report of good
corporate governance

Implementation of Good Corporate Governance is the

absolute requirement for BTPN Syariah in order to grow fast
and right (Tepat).

Good Corporate Governance (GCG) in BTPN Syariah In fulfilling this commitment, BTPN Syariah always
has been implemented within the right corridor upholds the rights of the stakeholders and sustainably
according to the prevailing regulations, both the Public manages to keep BTPN Syariah accountable and
Companies Regulations and the Sharia Commercial transparent while continuing to earn the trust of
Bank Regulations, in line with the Vision and Mission the shareholders and investors by implementing the
of the Bank “Together, we create opportunities for GCG Guidelines for public companies, taking into
growth and a more meaningful life; and to be the Best consideration the development in the financial sectors
Sharia Bank for financial inclusion making a difference and industries and the scale and complexity of a
in the lives of millions of Indonesian people”. Sharia Commercial Bank, in line with the objectives 157
of GCG Implementation in BTPN Syariah, that is – to
Upholding the GCG principles and Sharia principles, build a healthy and solid sharia banking industry in
BTPN Syariah supports the Government program order to protect the interests of various stakeholders,
to mobilize the national economy and is committed to improve compliance to prevailing regulations and
to maintain the alignment of economic, social and the generally accepted ethical principles in sharia
environmental factors while managing the economic banking industry.
stability and continue to operate the inclusion
principle in the undertaking of operational activities BTPN Syariah believes that the good implementation
and GCG, in an integrated and sustainable manner. of GCG will improve efficiency, effectiveness and
BTPN Syariah believes that the efforts to continue sustainability of the Bank that contributes to the
developing the financial institution system that creation of welfare and trust of Shareholders,

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

is environmentally friendly as mandated by the Employees and other Stakeholders.
Law No. 32 of 2009 concerning the Protection and
Management of Environment is a mandate that must The Bank is committed to continue the efforts to
fulfilled well. the improve the quality of GCG implementation,
integrated GCG and sustainable GCG.
 Objectives of GCG Implementation in BTPN Syariah

The implementation of GCG in BTPN Syariah is Internally, BTPN Syariah is a Bank that ensures a
aimed at building a healthy and solid sharia banking sustained commitment to the practices of good
industry in order to protect the interests of various CGC implementation that governs the management
stakeholders, to improve compliance to prevailing of the business activities and operational activities
regulations and the generally accepted ethical in a professional manner and continues to improve
principles in sharia banking industry. the quality of the refinement of internal control
system and the bank risk management and always
In fulfilling this commitment, BTPN Syariah always abides by the prevailing regulations and aligned with
upholds the rights of the stakeholders and sustainably sharia principles.
manages to keep BTPN Syariah accountable and
transparent while continuing to earn the trust of Externally, BTPN Syariah manages to engage in a
the shareholders and investors by implementing the healthy, fair and full of integrity business competition
GCG Guidelines for public companies, taking into while always mitigates the risks involved, and upholds
consideration the development in the financial sectors the vision and mission of the Bank in keeping the Bank
and industries at the scale and complexity of a Sharia reputation through the good implementation of GCG
Commercial Bank. for public companies.

Results of GCG Implementation in BTPN Syariah

158
In 2019, the performance of BTPN Syariah grows National, amongst others:
increasingly well, in line with the improvement of the
quality of GCG implementation, as manifested in the 1. Bank Indonesia Award 2019 – Bank supporting
following real indicators: Micro and Small Medium Enterprises Category
BUKU 1 and BUKU 2;
• ROE 31.2%
2. Indonesia Best Bank Award 2019 – Bank with
• CAR 44.6% Healthy Predicate;

• Total Assets Growth 27.8% 3. Global Good Governance Award (3G Award) -
Financial Inclusion Award dan Customer Care
• Financing of Rp9.0 trilion Award;

• Third Party Funds of Rp9.4 trilion 4. Best Syariah 2019 (Majalah Investor) – The Best
Sharia 2019 (Category Sharia Commercial Bank
Alhamdulillah, Praise to the Lord, BTPN Syariah is
with Total Assets below IDR 20 Trillion);
privileged to earn the trust of several institutions and
receives several awards, as follows: 5. Indonesia Finance Award (Economic Review) -
Ranking 1 The Best In Finance for Islamic Bank
International, amongst others:
Companies in Indonesia, General Champion of
1. Global Islamic Finance Award 2019 - Best Islamic Finance – The Best of The Best in Finance for
Bank for SME Banking 2019; Sharia Commercial Bank Company dan The Best
of Finance Director;
2. Islamic Retail Bank Award 2019 - Best Bank for
Financial Inclusion 2019 and Most Innovative Bank 6. Infobank Digital Brand Award – 1st Rank as Sharia
for SME Financing 2019; Commercial Bank and 2nd Rank as the Saving
Sharia Commercial Bank;
3. ARC Award International – Silver for Conventional
Annual Report 2018 (Theme: GO PUBLIC) 7. 24th Infobank Awards – Bank with Very Good
Predicate for the FInancil Performance of 2018;

8. Finance Award Karim Indonesia (KCI) – 1st Rank of

Best of the Best Rank;
9. Infobank Sharia Award - The Best Performance 13. Indonesia Best Bank Award 2019 – Bank with
Sharia Commercial Bank 2019; Good Predicate;

10. Excellence Predicate in Financial Performance 14. Indonesia Corporate Secretary - Communication
2019; Award IV (Economic Review ) GOLD Rank – 3 for
Category Bank with total assets > IDR 5 Trillion;
11. Tempo Financial Award 2019 - The Best Bank in
Retail Banking Services (Sharia Category) and 15. Indonesia Finance Top Leader 2019 (Warta
The Best Financial Performance Bank (Sharia Ekonomi);
Category);
16. Indonesia Human Capital Award 2019 (Economic
12. Anugerah Syariah Republika 2019 – The Best Review) - The Best Human Capital for Sharia
Sharia Commercial Bank and the Women Commercial Bank
Empowerment Sharia;

Commitment to the Foundational Principles and GCG Guidelines in BTPN Syariah

BTPN Syariah always upholds the rights of the Aspect 3: Function and Roles of the Board of
stakeholders by consistently operate the Bank in Directors;
an accountable and transparent manner in order to
keep and strengthen the trust of the shareholders Aspect 4: Stakeholders Engagement;
and investors by implementing the GCG Guidelines 159
Aspect 5: Disclosure of Information.
for public companies, taking into consideration the
development in the financial sectors and industries The principles of good GCG Implementation for Public
and the scale and complexity of the Bank. Company in BTPN Syariah includes:

BTPN Syariah is pledged to implement GCG well with 1. Improving the values of the General Meeting of
the objectives to build a healthy and solid sharia Shareholders;
banking industry in order to protect the interests
of various stakeholders, to improve compliance to 2. Improving the quality of communication as
prevailing regulations and the generally accepted the Public Company with the Shareholders or
ethical principles in sharia banking industry. Investors;

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

To fulfill this commitment, the implementation 3. Strengthening the membership and composition
of GCG principles in BTPN Syariah is based on 6 of the Board of Commissioners;
foundational principles, those are – Transparency,
4. Improving the quality of the implementation
Accountability, Responsibility, Professionalism,
of duties and responsibilities of the Board of
Fairness, and Sharia Compliance; and abides by
Commissioners;
the Guidelines of GCG Implementation for Public
Companies that includes 5 (five) aspects, 8 (eight) 5. Strengthening the membership and composition
GCG Principles and 25 (twenty five) implementation of the Board of Directors;
of aspects and GCG Principles.
6. Improving the quality of the implementation
The aspects of Good GCG Implementation for a Public of duties and responsibilities of the Board of
Company in BTPN Syariah includes: Directors;

Aspect 1: Relationship of Public Company and the 7. Improving the corporate governance aspects
Shareholders in Guaranteeing Shareholders’ Rights; through stakeholders engagement;

Aspect 2: Function and Roles of the Board of 8. Improving the implementation of disclosure of
Commissioners and the Sharia Supervisory Board; information.

In 2019, BTPN Syariah continues to keep its priority

of the good GCG implementation at all levels of
organization.
 The Standard Quality of GCG Implementation in BTPN Syariah

Setting the standard quality starts from of Integrated Risk Management with the Parent
strengthening the character of every employee in Bank as the Bank’s follow up in the implementation
BTPN Syariah with the implementation of principles of integrated risk management in a Financial
of GCG embodied in every layers of the organization, Conglomeration.
every business and operational activities of the Bank.
The Board of Directors, the Board of Commissioners
Continuously, BTPN Syariah is committed to reduce and the Sharia Supervisory Board as the organs of
the number of internal fraud by conducting routine the Bank were considered to have implemented the
education on “Fraud Awareness” to all employees GCG principles by means of active supervision of the
every week. The media to channel information through Board of Commissioners and the Sharia Supervisory
email jaga@btpnsyariah.com or through telephone Board supported by the Board of Commissioners’
(021) 300 26 400 (ext. 83553 dan 86470). In 2019, 624 Committees. The Board of Directors had performed
complaints were registered and all had been properly the management function supported by the Board of
followed up. Directors’ Committee. The Board of Commissioners,
the Sharia Supervisory Board and The Board of
The character strengthening efforts is also made by Directors conducted routine corporate meetings
means of announcing the Common Identity in BTPN according to the corporate governance that were well
Syariah as #bankirpemberdaya (bankers of empower), documented and of which all the implementation of
whereby every Employee is committed to keep a meetings resolutions had been well monitored. These
positive working environment, create opportunities to organs of the Bank had also made regular visits to the
grow and a more meaningful life; and together take field to ensure the implementation of GCG and Sharia
the steps to leave a legacy of excellent achievement principles in the Branches, Functional Operational
by realizing the good intention faster #Tepat Offices, Functional Non-Operational Offices, Wisma
#deminiatbaik (for good intention). and customers centers.

160 The Standard of quality for GCG Implementation From the perspective adequacy of processes of
through Internal Audit, as the independent unit identification, measurement, monitoring and control
reporting directly to the President Director and of risks and risk management information system,
functionally to the Audit Committee, whereby the BTPN Syariah had fulfilled the adequacy of processes,
Internal Audit had completed all the audit plan and that was reflected in the Bank’s very good capital
program in 2019 and the audit results had been adequacy ratio. The Bank also has the Operational
used as one of the evaluation for improvement in Risk Management System (ORMS) in supporting the
management policies, business and operational monitoring and control of operational risks by which
processes, adequacy of infrastructure and procedures all the risks event were registered, governed and
and human capital management. analyzed in order to anticipate the potential of similar
occurence in the future.
Internal Audit had recommended the actions for
improvement to all units using objective assurance
Internal Control System
and consultative method referring to the Standard
of the Bank Internal Audit Function, the Charter of The Bank operates 3 lines of defense to administer
Internal Audit and the Annual Audit Plan 2019. The internal control system.
audit results had been discussed on periodic basis
with the Board of Directors and the Audit Committee, The Internal Control System is performed through
and regularly reported the summary of the audit three functions:
result to the President Director and the Board of
Commissioners through the Audit Committee to 1) Quality Assurance (QA) to support the working
ensure the good implementation of GCG in BTPN unit in business and support function (Risk
Syariah based on independent assessment report. Taking Unit/RTU) in the enforcing the risk
management practices. QA is in charge to assist
The Standard Quality for GCG Implementation majority of working units in each Directorate in
based on prudent principle through Risk Management the undertaking of its operational activities and
is continuously implemented by BTPN Syariah the QA inspection results are monitored by the
by improving the internal risk management mechanism of Risk Management Committee
implementation and coordinating the implementation Meeting that provides recommendations for
improvement based on QA inspection;
2) Risk Management Unit and Compliance Unit 3) Internal Audit Unit as the third line of defense
to define and maintain risk management that is in charge of ensuring, in an independent
methodology, ensure the adequacy of risk manner, that all the residual risks are well
mitigation, policies and procedures, and coordinate managed within the approved risk tolerance
or facilitate the overall risk management. Risk level. The result of the inspection had been
Management Unit and Compliance Unit provides reported to the Board of Directors and Board
advices to the RTU about risk management. of Commissioners and had been followed up to
Proactive mitigation is performed through improve the Bank performance.
dissemination of new policy/regulation,
refreshment trainings and active assistance to the
business activities of the Bank by both the units;

The Benefits of GCG Implementation in BTPN Syariah

BTPN Syariah believes that implementing GCG The benefits of upholding the GCG principles will serve
principles in BTPN Syariah will improve efficiency, as the parameter and the benchmark in assessing the
effectiveness and sustainability of the Bank that achievement of vision and mission of the Bank based
contributes to the creation of welfare and trust of on a prudent principle with the participation of all
shareholders, employees and all stakeholders by stakeholders according to prevailing regulations.
ensuring adherence to the good and transparent 161
GCG principles.

Fulfillment of Commitment for the GCG Implementation in BTPN Syariah

Entering the first year of full operation as a public 2) Awareness – is all the initiatives at all levels of the
company, BTPN Syariah has continuously implement organization in order to improve the culture of
compliance at all levels of the organization. compliance to the regulation in the undertaking

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

of the daily tasks and duties of the employees, to
Proceeding with the strategy which had been provide information media about all regulations
implemented, the process of compliance fulfillment is through the media platform that is attractive
administered through 3 (three) strategies, including: and informative for the Employees and the
involvement of the Sharia Supervisory Board in
1) Governance – that represents all the
BTPN Syariah to ensure that the adherence of
supervisory function performed by the Board
the business and operational processes to the
of Commissioners and the Sharia Supervisory
Sharia principles is well maintained with due
Board, the Board of Directors and the other
accountability.
supporting Company Organs through a measured
and structured mechanism, updating all internal 3) Assessment – that includes all inspections,
control regulations and procedures and ensuring checking and formulations of corrective action
the alignment in the undertaking of operational aiming at improving the Bank compliance to the
processes and the fulfillment of the commitment regulations, by means of inspection in the Head
for the bank improvement to the regulator and Office, Branches and in the field, identification
stakeholders; and ensuring that all compliance in of customers to keep and protect the Bank from
the Bank had been implemented well. any attempts of money laundering and terrorism
financing and other such practices.
 In 2019, BTPN Syariah has been successfully improved 5) In order to fulfill POJK No. 32/POJK.04/2014
its good financial performance and will consistently concerning the Plan and Convening of General
do all the efforts to maintain the good quality of Meeting of Shareholders of Public Companies,
GCG implementation and protect the interest of all BTPN Syariah has convened 2 (two) General
stakeholders according to prevailing regulations. Meetings of Shareholders (GMS), that is the
Annual GMS and Extraordinary GMS in 2019
The fulfillment of Commitment for GCG administered according to the mechanism
implementation in BTPN Syariah, as a public company specified by the prevailing regulations;
and as Sharia Commercial Bank, includes amongst
others: 6) In order to fulfill POJK No. 13/POJK.03/2017 the
Engagement of Services of Public Accountant and
1) BTPN Syariah has fulfilled the obligation of Public Accounting Firms for the Financial Services
Disclosure of Information for the Monthly Report Activities and SE OJK No. 36/SEOJK.03/2017
of Registration of Shares Holder or the Changes concerning the Procedures to Engage of Services
of the Shareholders Structure in online media of Public Accountant and Public Accounting
through the reporting system to the Regulator and Firms for the Financial Services Activities, taking
presented in the websites of the Bank as a way of into consideration the limitation of the period
disclosure of information. of engaging the audit services for the annual
historical financial information from the same
2) BTPN Syariah has fulfilled the obligation of
public accountant for the longest auditing period
Disclosure of Information for the presentation
of 3 (three) accounting year consecutively, BTPN
of Annual Reports, Quarterly Financial Report
Syariah has administered the appointment of
Publication, Annual Financial Report Publication
the Public Accountant and/or Public Accounting
and Consolidation in online media through the
Firm to audit the bookkeeping of the Bank for
reporting system to the Regulator and announced
the accounting year ended 31 December 2019.
162 them to the public through nation-wide newspaper
The report of such the Appointment of the Public
and presented in the websites of the Bank as
Accountant and/or Public Accounting Firm was
obligated for Public Companies;
submitted to the Authority through the letter
3) In order to fulfil the Regulation of Bank Indonesia No. S.156/DIR/CSL/V/2019 dated 6 May 2019;
PBI No. 11/33/PBI/2019 concerning Good
7) In order to fulfill POJK No. 31/POJK.04/2015
Corporate Governance Implementation for
concerning the Disclosure of Information or Material
Sharia Commercial Bank and Sharia Business
Facts by the Issuers or Public Companies, BTPN
Unit and SEBI No. 12/13/DPbS concerning Good
Syariah has performed the disclosure of information,
Corporate Governance Implementation for Sharia
including amongst others the Resignation of one
Commercial Bank and Sharia Business Unit, PBI
Member of the Board of Commissioners of the
No. 15/13/PBI/2013 concerning Changes to PBI
Bank, Changes of the Composition of the Board of
11/3/PBI/2009 concerning Sharia Commercial
Commissioners of the Bank, Changes of the Public
Bank, and POJK No. 33/POJK.04/2014 concerning
Accountant and/or Public Accounting Firm for the
Board of Directors and Board of Commissioners
Bank in 2019, Plan to Buy Back the Shares of the
of Issuers or Public Companies; BTPN has
Bank and the Implementation of the Buy Back the
implemented all the processes of nomination,
Shares of the Bank;
recommendation and appointment of the new
members of Board of Commissioners according to 8) In order to fulfill POJK No. 29/POJK.04/2016
the prevailing regulations; concerning the Annual Report of Issuers or Public
Companies, BTPN Syariah had submitted the
4) In order to fulfill POJK No. 8/POJK.04/2015
Annual Reports for the accounting year ended
concerning the Websites of Issuers or Public
31 December 2018 and was approved by the
Companies, BTPN Syariah has updated the
Shareholders in the Annual GMS conducted in 2019
Websites of the Bank on periodic basis and shall
and was reported according to the regulations;
continue to refine to reflect the development of
the Annual Report has been presented on the
the Bank;
Websites of the Bank;
9) In order to fulfill the Regulation of Indonesian 14) As the manifestation of commitment for the
Stock Exchange Bursa Efek Indonesia as strengthening and refinement of the Main Organs
stated in the Director Decree of PT Bursa Efek of the Bank, BTPN Syariah has implemented
Indonesia No. Kep-306/BEJ/07-2004 Regulation the whole process of changing the Composition
No. I-E concerning the Obligation to Provide of new the Board of Commissioners, with
Information Point V, BTPN Syariah has fulfilled a combination of backgrounds in finance,
the commitment to provide information to the accounting, risk management, operations and
public (Public Expose) on 2 September 2019; and business conglomeration to strengthen the exiting
has submitted the Report of the Implementation composition and strengthen the composition of
of Public Expose in 2019 to the Financial Services the Nomination and Remuneration Committee
Authority and the Board of Directors of PT of BTPN Syariah. The implementation of
Bursa Efek Indonesia on 4 September 2019, commitment for the Supporting Organs has
and has made the disclosure of information for also been realized according to regulations, of
such purpose; which the Bank has completed the whole process
of selection and appointment of 2 (two) new
10) In order to fulfill POJK No. 30/POJK.04/2017 Independent members as the members of the
concerning the Buyback of the Shares issued by Audit Committee and Risk Monitoring Committee
Public Companies, and POJK No. 59/POJK.03/2017 to replace the members of the Committee whose
concerning the Implementation of Governance in terms of services have ended.
Providing the Remuneration for Sharia Commercial
Bank and Sharia Business Unit, BTPN Syariah 15) The Corporate Secretary in BTPN Syariah has
has conducted the Buy Back of the Shares of the implemented the duties and responsibilities to
company on 23 October 2019 and has submitted represent the Bank in fulfilling its obligation as
the Report of the Results of Buy Back of the Shares a public company and performed disclosure of
of PT Bank Tabungan Pensiunan Nasional Syariah information and press release to the media and
163
Tbk to the Authority in the letter No.360/DIR/ investors on periodic basis and the information is
CSL/XII/2019 dated 6 December 2019; published on the Websites of the Bank.

11) In order to fulfill POJK No. 51/POJK.03/2017, 16) BTPN Syariah has reviewed and updated the Bank
concerning the Implementation of Financial internal regulations and procedures to ensure
Sustainability for the Financial Services their adherence to the prevailing regulations and
Institutions, Issuers and Public Companies, BTPN relevant situations;
Syariah has prepared the Bank Sustainability
Action Plan 2019, one year earlier than the 17) Periodically, BTPN Syariah conducted induction
obligated schedule of the submission of the Bank program and refreshment program to the
Sustainability Action Plan for Bank BUKU 2 of Executive Officers and Employees on the subjects
which the obligated schedule of submission is of GCG Principles including the socialization of

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

next year; GCG Policy, Code of Ethics, Company Regulations
and Vision, Mission and Values of the Bank.
12) In order to fulfill POJK No. 7/POJK.04/2018
concerning the Submission of Reports through 18) Continue the supervision process in Risk
Electronic Reporting System of Issuers of Public Management including improvement of human
Companies, BTPN Syariah has submitted the resources quality and fulfillment of Risk
report on periodic basis according to regulations; Management Certification and the refreshment
programs, that are attended by members of the
13) In order to fulfill POJK No. 1/POJK.03/2019 Board of Directors, members of the Board of
concerning the Implementation of Internal Commissioners and member of Sharia Supervisory
Audit Function in Commercial Bank, the Bank Board, and conduct the other training program
has made the necessary adjustment to the according to Banking regulations.
Charter according to the prevailing regulations
related to the duties and responsibilities in the 19) The Bank continues its commitment to perform
implementation of Internal Audit Function. The self-assessment and make it embedded as a
adjustment to the Charter was made by the Board culture in order to improve the capability and
of Commissioners, Board of Directors, Audit compliance that is sustainable and measurable.
Committee and, Internal Audit Unit in particular
for Audit Charter;
 Fulfillment of Commitment to Strengthen the Supporting Organs in BTPN Syariah
(during the last 5 years)

2014 2015 2016 2017 2018 2019-2020

The Board of 1. Audit 1. Audit 1. Audit 1. Audit 1. Audit 1. Audit

Commissioners’ Committee Committee Committee Committee Committee Committee
Committee 2. Risk Monitoring 2. Risk Monitoring 2. Risk Monitoring 2. Risk Monitoring 2. Risk Monitoring 2. Risk Monitoring
Committee Committee Committee Committee Committee Committee
3. Nomination 3. Nomination 3. Nomination 3. Nomination 3. Nomination 3. Nomination and
and and and and and Remuneration
Remuneration Remuneration Remuneration Remuneration Remuneration Committee
Committee Committee Committee Committee Committee 4. Integrated
4. Integrated 4. Integrated 4. Integrated 4. Integrated Governance
Governance Governance Governance Governance Committee
Committee Committee Committee Committee

The Board 1. ALCO 1. ALCO 1. ALCO 1. ALCO 1. ALCO 1. ALCO

of Directors Committee Committee Committee Committee Committee Committee
Committee 2. Human Capital 2. Human Capital 2. Human Capital 2. Human Capital 2. Human Capital 2. Human Capital
Committee Committee Committee Committee Committee Committee
3. Risk 3. Risk 3. Risk 3. Risk 3. Risk 3. Risk
Management Management Management Management Management Management
Committee Committee Committee Committee Committee Committee
4. Information 4. Information 4. Information 4. Information 4. Information 4. Information
Technology Technology Technology Technology Technology Technology
Steering Steering Steering Steering Steering Steering
164
Committee Committee Committee Committee Committee Committee
5. Business 5. Business 5. Business 5. Business 5. Business
Committee Committee Committee Committee Committee
6. Financing 6. Financing Policy
Policy Committee
Committee 7. Sustainability
Committee
(In Progress.
Implementation
in 2020)

Realization of Integrated Governance Implementation in BTPN Syariah

In order to create financial services sector that Governance in Financial Conglomeration to ensure
grows in a stable and sustainable manner with a the implementation of control in various financial
high competitive advantage, BTPN Syariah had services sectors as the complexity of transactions and
made it one of the top priorities to continue the interactions amongst financial services institutions
implementation of good corporate governance in continues to increase.
financial services sector.
As part of the Financial Conglomeration, BTPN Syariah
The implementation of Integrated Governance jointly with PT Bank BTPN Tbk (the Parent Bank) has
is a realization of the sustained and integrated formed the Integrated Governance Committee which
commitment of BTPN Syariah to comply with POJK is in charge to perform evaluation by assessing the
No 17/POJK.03/2014 dated 18 November 2014 adequacy of internal control and the implementation of
concerning the Implementation of Integrated Risk integrated compliance.
Management for Financial Conglomeration and
POJK No. 18/POJK.03/2014 dated 18 November Further elaboration of the Integrated Committee is
2014 concerning the Implementation of Integrated included in the Committee Report in this Annual Report.
Realization of Sustainable GCG Implementation in BTPN Syariah

In line with POJK No. 51/POJK.03/2017 concerning • Objective 1 – Poverty

the Implementation of Sustainable Finance for
Financial Services Institutions, Issuers and Public • Objective 4 – Quality Education
Companies, BTPN Syariah continues to strengthen
• Objective 5 – Gender Equality
the commitment and proceeds to take the positive
actions in the Implementation of Sustainable Finance • Objective 8 – Decent Occupation and
by submitting the Bank Sustainability Action Plan Economic Growth
and prepare the Sustainability Report one year
earlier than the requirement for Bank BUKU 2 which • Objective 10 – Reducing Gap
stipulates that such the Report will be due
• Objective 13 – Managing Climate Changes
next year.
The implementation of Sustainable Finance in BTPN
In order to improve the resilience and the competitive
Syariah involves cross functional collaboration in
advantage by managing social risks and better
various levels. The Board of Commissioners, the
environment, reducing social gap, reducing and
Sharia Supervisory Board and the Board of Directors
preventing the damages to the environment,
support the implementation and supervision of
maintaining biodiversity, and encouraging efficiency
financial sustainability and are committed to support
in the use of energy and natural resources by
the provision of adequate support infrastructure
implementing the sustainable financial principles,
according the Bank requirement.
BTPN Syariah is present to bring positive contribution
to the stability of financial system in Indonesia The steps of sustainable GCG is to continue to
through the implementation of inclusion principles support the environment sustainability and the use of
that had been initiated since 9 (nine) years ago when products that are environmentally friendly.
BTPN Syariah still operated as a Sharia Business Unit
in 2010, that also includes the implementation of 6 Further elaboration of Sustainable GCG is presented
165
(six) Sustainable Development Goals in BTPN Syariah, in the BTPN Syariah Sustainability Report 2019.
which are:

GCG Policy in BTPN Syariah

The Good Corporate Governance (“GCG policy”) is the 5. Definition and Terms;
Main Policy in BTPN Syariah as the Committment for
the implementation of Good Corporate Governance 6. Socialization and Distribution.
Principles in every layer of the organization.
Good Corporate Governance Principles of the Bank

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

In line with the GCG policy, the Board of
1. General Principles;
Commissioners, the Sharia Supervisory Board, the
Board of Directors, the Executive Officers and all the 2. Mission and Vision;
employees has implemented the GCG principles and
there were no materials violations to the prevailing 3. Core Values (PRISMA);
regulations throughout 2019.
4. Internal Bank Documents;
The GCG Policy in BTPN Syariah includes:
5. GCG Implementation Report;
Introduction
6. Management Report;
1. Background;
7. Reports to the Parent Bank;
2. Objectives;
Strategy
3. Scope;
1. Business Plan;
4. Legal Basis and Reference;
2. Key Strategic Initiatives;

3. Risk Appetite
 The Bank Organ Transparency and Disclosure of Information

1. Shareholders; 1. Corporate Actions;

2. The Board of Commissioners; 2. Material Transactions and Related Parties;

3. The Sharia Supervisory Board; 3. Transactions involving Internal Parties.

4. The Board of Directos

Information Management and Security

Corporate Secretary 1. General Principles in Information Management;

1. Organization; 2. Information Management;

2. Functions of Corporate Secretary; 3. Information Security;

3. Qualifications of Corporate Secretary; 4. Security of Access to Information System;

4. Duties and Responsibilities of Corporate 5. Intellectual Property Rights;

Secretary.
6. Relationship with Stakeholders;

7. Communication with Shareholders and

Internal Control System and Assurance Stakeholders.

1. Internal Control System Framework;

166
2. Risk Management;
Other Policies and Regulations in BTPN
3. Compliance; Syariah

4. Internal Audit; As a company, BTPN Syariah has prepared Company

Policy and Regulation, of which Policy is the Manual
5. Customer Protection; that governs every activity or process in the Bank
that represents the overall management of the Bank
6. Legal Financing Limit;
risk appetite for such activities including the process
7. Responsibility to Environment, Health and Work and supervision, whereas Company Regulation is the
Safety Practices. regulation issued by the Bank in order to create legal
certainty, clarity of rights and obligation of employees
and employer in the implementation of working
relationship in the Bank.
Human Capital Management
To ensure the detailed process is administered
1. Organization Structure and Management;
correctly from the beginning to the end, BTPN Syariah
2. Recruitment; has developed Product Program and Procedures, in
a structured and systematical manner to elaborate
3. Reward & Performance Management; the stages of activities that must be performed,
including who, how, when, where, and the supervision
4. Learning Development; mechanism, by implementing four eyes principles,
adequate internal control system referring to
5. Talent Management;
the policy.
6. Employee Engagement;

7. Industrial Relations;

8. Whistle Blowing System

As a Sharia Commercial Bank, BTPN Syariah To ensure a good structure of all the internal
has Product Program that elaborates the details regulations in the bank and to ensure the consistency
of product management in a structured and in their implementation, BTPN Syariah has
systematical manner, including the product type and developed The Hierarchy of Policy for each level of
name, product characteristics, product benefits and organization. The Hierarchy of Policy is developed in
the cost for the Bank and the risks for Bank that are adherence to the related GCG regulations for Sharia
inherent in the products, product analysis and the Commercial Banks.
target set for products.
All regulations in BTPN Syariah are reviewed on
Whenever deemed necessary, Technical Guidelines periodic basis, as scheduled or earlier as required by
is developed to detail the steps to perform certain the process or as mandated by the regulator.
process that is specified in the Standard Operating
Procedures in BTPN Syariah.

Implementation of Good Corporate Governance Guidelines in Public

Company in 2019
According to the Regulation of Financial Services Authority No. 21/POJK.04/2015 and Circular Letter of Financial
Services Authority No. 32/SEOJK.04/2015 concerning the Corporate Governance Guidelines for Public Company,
BTPN Syariah is committed to refer to the Corporate Governance Guidelines for Public Company as the
foundation in the undertaking of the good corporate activities and as the basis for important decision making.
167
The Corporate Governance Guidelines for Public Company is the reference for BTPN Syariah in delivering services
to the stakeholders for which the Bank has always strived for continuous improvement.

The Implementation of the Corporate Governance Guidelines for Public Company in BTPN Syariah, referring to the
fulfillment of “Comply” and “Explain”, is described in the table below.

Principle Recommendation Fulfillment Implementation

Principle 1 1.1 The Public Company Comply 1. With regard to GMS, include the Quorum,
defines the technical the right to cast vote and decision in GMS
Improving the mechanism or are stipulated in the Articles of Association of
values of the procedures for voting, BTPN Syariah;

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

General Meeting both in an open and
of Shareholders closed mechanism, 2. The procedure to cast vote in the GMS is
(GMS) that upholds stipulated in the Articles of Association of
indepedency and BTPN Syariah also stipulated in the Rules and
protects the interest Procedures of Annual GMS and Extraordinary
of shareholders. GMS in 2019 that had been distributed to the
shareholders and proxy shareholders and had
been published in the Websites of BTPN Syariah.
 Principle Recommendation Fulfillment Implementation

1.2 All members of the Explain 1. The Annual GMS of BTPN Syariah, held on 14
Board of Directors February 2019 was attended by all members of
and all members the Board of Directors and all members of the
of the Board of Board of Commissioners and all members of the
Commissioners and Sharia Supervisory Board;
all members of the
Sharia Supervisory 2. The Extraordinary GMS of BTPN Syariah,
Board of the public held on 2 September 2019 was attended by
Company are all members of the Board of Directors and all
present in the Annual members of the Board of Commissioners;
General Meeting of
3. The Extraordinary GMS of BTPN Syariah, held
Shareholders
on 2 September 2019 was attended by the
Chairman of the Sharia Supervisory Board,
while the Member of the Sharia Supervisory
Board was unable to attend due to illness
reason;

4. Matters pertaining to Annual GMS and

Extraordinary GMS had been reported to All
members of the Board of Directors and all
members of the Board of Commissioners and all
members of the Sharia Supervisory Board.

168 1.3 The Summary of the Comply 1. The disclosure of information about the
AGMS is available in Summary of AGMS that has been available in
the website of the the website of BTPN Syariah (Deed of Annual
Public Company at AGMS).
least for a period of 1
(one) year.
 Principle Recommendation Fulfillment Implementation

Principle 2 2.1 The Public Company Comply 1. BTPN Syariah has had a policy about the
has a policy about communication between the Public Company
Improving the communication and the Shareholders or Investors that is
the quality of between the Public contained in the Corporate Governance Manual,
communication Company and the which includes:
between the Shareholders or
Public Company Investors a. General Principles
and the b. Strategy
Shareholders or c. Program and Implementation Timeline
Investors
2. Disclosure of Information to the stakeholders
has been fulfilled referring to the regulations
in Capital Market and Stock Exchange and the
related law and regulations, that are briefly
categorized as follows:

• Reporting both periodically and incidentally

to the related authorities (Financial Services
Authority, Bank Indonesia, Indonesia Deposit
Insurance Corporation, Ministry of Law and
Human Rights, Stock Exchange) and publish
the reports (disclosure of information) in the
websites of BTPN Syariah;

• Annual General Meeting of Shareholders 169

(RUPS) was conducted according to the
laws and the Articles of Association,
that included Annual General Meeting of
Shareholders and Extraordinary General
Meeting of Shareholders; Conducting the
other activities related to corporate actions
and/or disclosure of information including
Public Expose and Analyst Meeting.

2.2 The Public Company Comply 1. BTPN Syariah has had a policy about the
discloses the communication between the Public Company

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

policy about the and the Shareholders and/or Investors that is
communication contained in the Corporate Governance Policy;
between the Public
Company and the 2. The Corporate Governance Policy has been
Shareholders or disclosed in BTPN Syariah website.
Investors in the
website

Principle 3 3.1 The determination Comply BTPN Syariah has complied with the regulations in
of the numbers Article 20 POJK No. 33/POJK.04/2014 about the
Strengthening of members Board of Directors and the Board of Commissioners
the membership of the Board of of Issuer or Public Company, stating that the
and composition Commissioners number of members of the Board of Commissioners
of the Board of considers the shall be more than 2 (two) persons. The number
Commissioners condition of the Public of members of the Board of Commissioners BTPN
Company Syariah is 4 (four) persons consisting of 2 (two)
Independent Commissioners and 2 (two) Non-
Independent Commissioners.
 Principle Recommendation Fulfillment Implementation

3.2 The determination Comply The composition of the Board of Commissioners

of the composition BTPN Syariah has taken into consideration the
of the members needs and complexity of the business and the
of the Board of diversity of skills based on knowledge in the areas of
Commissioners banking and sharia banking, expertise, professional
takes into account experience and educational background to ensure
the diversity of skills, the effectiveness of the execution of duties and
knowledge and responsibilities of the Board of Commissioners.
experience required

Principle 4 4.1 The Board of Comply 1. BTPN Syariah has had a policy about self
Commissioners assessment to evaluate the performance of the
Improving the has a policy to do Board of Commissioners;
quality of the self assessment
execution of to evaluate the 2. The policy is stipulated in the Charter of
duties and performance Nomination and Remuneration Committee.
responsibilities of the Board of
of the Board of Commissioners
Commissioners
4.2 The policy of Comply The self assessment policy is stipulated in the
Self Assessment Charter of Nomination and Remuneration
to evaluate the Committee and disclosed in this Annual Report
performance 2019 in the section “Performance Evaluation of the
of the Board of Board of Commissioners”.
170
Commissioners
is disclosed in the
Annual Report of the
Public Company

4.3 The Board of Comply The policy about the resignation of the member
Commissioners has of The Board of Commissioners in BTPN Syariah
a policy about the is stipulated in the Charter of the Board of
resignation of the Commissioners.
member of The Board
of Commissioners
if the member is
involved in financial
crime.

4.4 The Board of Comply The succession policy for the the Board of
Commissioners or Directions nomination process in BTPN Syariah is
the Committee in stipulated in the Charter of the Nomination and
charge of Nomination Remuneration Committee.
and Remuneration
develops succession
policy for the Board of
Directions nomination
process.
 Principle Recommendation Fulfillment Implementation

Principle 5 5.1 The determination Comply The determination of the numbers of the members
of the numbers of the Board of Directors according to the prevailing
Strengthening of the members regulation, Article 2 POJK POJK 33/POJK.04/2014
the membership of the Board of about the Board of Directors of the Issuer of Public
and composition Directors considers Company stating that the Board of Directors of
of the Board of the condition of the Issuer or Public Company shall at least consist of
Directors Public Company and 2 (two) members of the Board of Directors. The
the effectiveness in total number of members of the Board of Directors
decision making. of BTPN Syariah is 5 (five) persons and the
appointment is based on the needs to the achieve
the intent and the objectives of the company taking
into account the condition and complexity of BTPN
Syariah.

5.2 The determination of Comply The composition of the Board of Directors of BTPN
the composition of Syariah has taken into consideration the needs
the members of the and complexity of the business and the diversity
Board of Directors of skills based on knowledge in the areas of
takes into account banking and sharia banking, expertise, professional
the diversity of skills, experience and educational background to ensure
knowledge and the effectiveness of the execution of duties and
experience required. responsibilities of the Board of Directors.

5.3 The member of the Comply 1. The Director in charge of accounting and
Board of Directors in finance in BTPN Syariah has the skills and 171
charge of accounting knowledge in the areas of accounting;
and finance shall
have the skills and/ 2. The Finance Director in BTPN Syariah is under
or knowledge in the direct coordination of the Deputy of President
areas of accounting Director. Prior to the appointmet as the
Director in charge of accounting, he had held
various positions including Finance, Operations
& Collection Head (Card Business), Operation
Head, Operation Director, dan UMK Business
Director (Micro Credit).

Principle 6

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

6.1 The Board of Comply 1. BTPN Syariah has had a policy about self
Directors has a policy assessment to evaluate the performance of the
Improving the to do self assessment Board of Directors;
quality of the to evaluate the
execution of performance of the 2. The policy is stipulated in the Charter of
duties and Board of Directors Nomination and Remuneration Committee.
responsibilities
of the Board of
Directors
 Principle Recommendation Fulfillment Implementation

6.2 The policy on Comply The self assessment policy is stipulated in the
Self Assessment Charter of Nomination and Remuneration
to evaluate the Committee and disclosed in this Annual Report
performance of the 2019 in the section “Performance Evaluation of the
Board of Directors Board of Directors”.
is disclosed in the
Annual Report of the
Public Company

6.3 The Board of Comply The policy about the resignation of the member of
Directors has a policy The Board of Directors in BTPN Syariah is stipulated
about the resignation in the Charter of the Board of Directors.
of the member of The
Board of Directors
if the member is
involved in financial
crime.

Principle 7 7.1 The Public Company Comply The rules to prevent insider trading is stipulated
has a policy to prevent in the Corporate Governance Policy and Policy
Improving insider trading. of Ownership, Infomation Confidentiality and
the corporate Investment for Employees; and has been disclosed
governance on the website of BTPN Syariah.
172 aspect through
stakeholders 7.2 The Public Company Comply BTPN Syariah has Anti-Corruption Policy that is
engagement has an anti-corruption stipulated in the Code of Ethics and the Anti-Fraud
and anti-fraud policy. Policy and have been disclosed on the website of
BTPN Syariah.

7.3 The Public Company Comply BTPN Syariah has a policy about selection and
has a policy about development of supplier or vendor capability
selection and that is stipulated in the Procurement and Vendor
development of Management Policy and has been disclosed on the
supplier or vendor website of BTPN Syariah.
capability.

7.4 The Public Company Explain 1. BTPN Syariah does not have any loans from
has a policy about other party (Creditor);
fulfillment of
creditors’ rights. 2. The policy that includes the consideration in
preparing the agreement and the follow up of
the fulfillment of the obligation will be available
should there be any changes in the future.

7.5 The Public Company Comply BTPN Syariah has a regulation regarding
has a policy about whistleblowing system and has been disclosed on
whistleblowing the website of BTPN Syariah.
system.

7.6 The Public Company Comply BTPN Syariah have consistently ensured the
has a policy about implementation of fair compensation system by
providing long-term exploring the long-term compensation system
incentive for the for the Board of Directors and Employees, that
Board of Directors include amongst others the stock option, stock
and Employees. grant, or other program that are considered to be
able to align the interests of the companies and
the employees.
 Principle Recommendation Fulfillment Implementation

Principle 8 8.1 The Public Company Comply Disclosure of Information in BTPN Syariah by
makes an intensive making an intensive use of information technology
Improving the use of information that is wider than website, has been implemented
implementation technology, that is by means of official Social Media account:
of disclosure of wider than website,
information as the media for a. Instagram : @btpnsyariah
the disclosure of https:///www.instagram.com/btpnsyariah/
information.
b. Facebook : BTPN Syariah / @btpnsyariah.id
https://facebook.com/btpnsyariah.id

c. Youtube : BTPN Syariah

https://www.youtube.com/c/BTPNSyariah

d. Linkedin : BTPN Syariah

https://www.linkedin.com/company/btpnsyariah

8.2 The Annual Report of Comply The Annual Report of BTPN Syariah has disclosed
the Public Company the ultimate beneficial owner in the shares
discloses the ultimate ownership of the Public Company, at least by 5%.
beneficial owner in The information has also been disclosed on the
the shares ownership website of BTPN Syariah.
of the Public
Company, at least
5%, in addition to the
173
disclosure of the the
ultimate beneficial
owner in the shares
ownership of the
Public Company
through the Major
and Controlling
Shareholder.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

 the corporate governance structure in BTPN Syariah

As one of the banking industry players and in accordance to the Law No.40 of 2007, the corporate governance
structure in BTNP Syariah consists of the Main Organs and Supporting Organs.

Main Organs d. Risk Management Committee

• General Meeting of Shareholders (EGMS) e. Information Technology Steering Committee
• Board of Commissioners f. Financing Policy Committee
• Sharia Supervisory Board
• Board of Directors 3. Several Working Units have been established with
the purpose to support business development,
Supporting Organs operations, risk management implementation and
internal control. Such internal working units of the
1. The Board of Commissioners’ Committee Bank are Internal Audit Unit, Risk Management
a. Audit Committee Unit, Compliance Unit and various teams of
b. Risk Monitoring Committee Business Team, Operations Teams, Information
c. Nomination and Remuneration Committee Technology Teams, Human Capital, Legal,
d. Integrated Governance Committee Corporate Communication and DAYA.

2. The Board of Directors’ Committee Refinement of the GCG structure is always made
a. Asset Liability and Committe (ALCO) by BTPN Syariah from time to time as necessary to
b. Business Committee adjust to the changes of the situation and the needs
174 c. Human Capital Committee of the Bank.

General Meeting of Shareholders (GMS)

Referring to the Law No. 40 of 2007 and Regulation Board of Directors without reducing the authorities of
of the President of Republic of Indonesia of 2014 GMS to exercise its rights according to the Articles of
concerning Limited Liabilities Companies, General Association and prevailing regulation.
Meeting of Shareholders (GMS) is the highest organ
in the Limited Liability Company. This organ has the BTPN Syariah refers to the regulations in the
rights and authorities that are not granted to the Law Limited Liabilities Companies, POJK 32/
Board of Directors and the Board of Commissioners POJK.04/2014 concerning the Plan to Convene
within the limits as stipulated in the Law of Limited General Shareholders Meeting for Public Companies,
Liabilities Companies and the Articles of Association. POJK No. 10/POJK.04/2017 concerning Amendment
to POJK No.32/POJK.04/2014 concerning the Plan
The decision made in the GMS is based on good to Convene General Shareholders Meeting for
intention for the best interest of the Company and Public Companies, and the Articles of Association in
do not contradict any prevailing regulations, including convening the Annual GMS in 2019 and Extraordinary
the regulations in Capital Market and Articles of GMS in 2019; and referring to the other related
Association. As stipulated in the Law, GMS is unable regulations in the implementation of the Resolutions
to make any intervention to the duties, function, and of every agenda items of GMS.
authorities of the Board of Commissioners and the
The Rights and Responsibilities of Shareholders

Shareholders are the owner of the capital with certain items and does not in conflict with the interest of
rights and responsibilities for the Company according BTPN Syariah so that the shareholders can make
to the prevailing regulations, Sharia Principles and the right decision in the GMS;
the Articles of Association. In exercising the rights
and fulfilling the responsibilities, the shareholders are 3. The shareholders have the right for the
obliged to refer to the principles that exercising the distribution of nett profit in the form of dividend
rights and fulfilling the responsibilities should always and the distribution of profit in the other form
orient to the sustainability of the Company. The Bank according to the number of shares owned.
must guarantee the fulfillment of the rights and
The responsibilities of shareholders are, amongst
responsibilities of the shareholders based on fairness
others:
principles according to the prevailing regulations and
the Articles of Association. 1. Every shareholder shall abide by and comply with
the Articles of Association and the prevailing laws
The rights of shareholders are, amongst others: 175
and regulations;
1. The shareholders have the right to attend
2. The controlling shareholder shall appropriately
the GMS, both by him/herself and through
consider the interest of the minority shareholders
representative with power of attorney; to give
and the other stakeholders according to the
comment to the GMS agenda, and to cast votes
prevailing laws and regulations;
according the number of shares owned;
3. To disclose the list of related parties if the
2. The shareholders have the right to obtain
shareholder is the Ultimate Controlling
accurate, adequate and timely information about
Shareholder of BTPN Syariah.
the Bank, in so far as it is connected to the Agenda

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Implementation of GMS in 2019

BTPN Syariah has conducted Annual GMS of 1 (one) time and Extraordinary GMS of 1 (one) time in 2019.
 The Procedures of Casting and Calculating
Votes in the GMS 2019

The Shareholders entitled to attend the intending to ask question are asked to mention the
GMS 2019 name, the company represented and the number of
shares owned. The Chairman of the Meeting or the
• The shareholders entitled to attend or be person appointed by the Chairman of the Meeting has
represented in the GMS BTPN Syariah 2019 are answered the questions that are directly related to
the shareholders whose names are listed in the the Agenda Item of the Meeting.
Register of Shareholders BTPN Syariah.
Votes Calculation in the GMS 2019
• The shareholders entitled to attend the Annual
GMS BTPN Syariah 2019 are the shareholders of The calculation of votes in Annual GMS 2019 and
the Company whose names shall be registered in Extraordinary GMS 2019 in BTPN Syariah is as
the Register of Shareholders of the Company on follows: 1 (one) share gives right to the owner of the
22 January 2019 at 16.15 p.m, Western Indonesian share to cast 1 (one) vote and the vote represents all
Time, and/or the shareholders registered at shares owned.
the securities sub account with PT Kustodian
Sentral Efek Indonesia (KSEI) on the closing of The Mechanism of Casting and Calculating
share trading at the Indonesian Stock Exchange Votes in GMS 2019
on 22 January 2019 or the Proxy shareholders
as authenticated with the legitimate Power of The Mechanism of Casting and Calculating Votes in
Attorney and verified by Written Confirmation Annual GMS 2019 and Extraordinary GMS 2019 in
for Meeting and other personal identification BTPN Syariah had been stipulated in the Meeting
submitted prior to entering the Meeting room; Rules and Procedures that were distributed to the
176 shareholders and proxy shareholers. The Meeting
• The shareholders entitled to attend the Participants were entitled to give comments and
Extraordinary GMS BTPN Syariah 2019 are the ask question and cast vote in the Meeting and the
shareholders of the Company whose names shall Chairman of the Meeting were entitled to ask those
be registered in the Register of Shareholders attending the meeting to prove their legitimacy to
of the Company on 8 August 2019, at 16.15 p.m, attend the Meeting according to the requirements
Western Indonesian Time, and/or the shareholders specified in the Meeting Notice. The Shareholders
registered at the securities sub account with or proxy shareholders who arrived at the Meeting
PT Kustodian Sentral Efek Indonesia (KSEI) on after the Meeting had been opened by the Chairman
the closing of share trading at the Indonesian were considered not present, and therefore, were not
Stock Exchange on 8 August 2019 or the Proxy entitled to forward a proposal and/or ask question
shareholders as authenticated with the legitimate and were not entitled to cast vote in the Meeting.
Power of Attorney and verified by Written
Confirmation for Meeting and other personal The Voting in the Annual GMS 2019
identification submitted prior to entering the
Meeting room Referring to the Rules of Procedures of Annual GMS
2019 in BTPN Syariah, the voting for each agenda
Question and Answer Session in GMS 2019 item was administered in oral and the voting was
administered after all the questions were answered
According to BTPN Syariah GMS 2019 Rules and and/or the question and answer session had ended.
Procedures, the Question and Answer in Annual GMS
2019 and Extraordinary GMS 2019 in BTPN Syariah, The oral voting was administered by the Chairman of
before passing a resolution for each agenda item the Meeting asking the Shareholders and the Proxy
of the Meeting, the Chairman of the Meeting has Shareholders intending to state disagreement or
offered the opportunity for the shareholders and the abstention the proposal being presented to raise their
proxy to ask question for each agenda item of the hands. To facilitate the calculation, the Shareholders
Meeting. The shareholders or the proxy shareholders and Proxy Shareholders voting for disagreement or
abstention to the proposal being presented were The oral voting is administered by the Chairman of
asked to write their names and the number of votes the Meeting asking the Shareholders and the Proxy
casted in the voting cards issued by the Company. The Shareholders intending to state disagreement or
Notary’s Staff collected the filled voting cards to be abstention the proposal being presented to raise their
calculated and the Notary reported the result of the hands. To facilitate the calculation, the Shareholders
calculation to the Chairman of the Meeting. and Proxy Shareholders voting for disagreement or
abstention to the proposal being presented were
Referring to POJK 32/POJK.04/2014 Article 20 asked to write their names and the number of votes
concerning the Plan to Convene General Meeting of casted in the voting cards issued by the Company.
Shareholders for Public Companies, the shareholders The Notary’s Staff collected the filled voting cards
voting for abstention (or not casting votes) are to be calculated and the Notary reported the result
considered to cast the votes that are the same with of the calculation to the Chairman of the Meeting.
the votes of majority of shareholders casting votes; The shareholders or proxy shareholders who did not
the shareholders or proxy shareholders who do not raise their hands are considered in agreement to
raise their hands are considered in agreement to the proposal being presented, and if the number of
the proposal being presented, and if the number of disagreed votes is not significant, the Chairman of
disagreed votes is not significant, the Chairman of the Meeting has the right to decide that the proposal
the Meeting has the right to decide that the proposal being presented is agreed by the Meeting. The decision
being presented is agreed by the Meeting. The decision of the Chairman of the Meeting in this matter is
of the Chairman of the Meeting in this matter legitimate.
is legitimate.
Referring to POJK 32/POJK.04/2014 Article 20
The resolution for the proposal being presented 177
concerning the Plan to Convene General Meeting of
in each Agenda Item is passed by deliberation for Shareholders for Public Companies, the shareholders
mutual consensus. If the consensus is not reached, voting for abstention (or not casting votes) are
the resolution will be legitimate if it is agreed by more considered to cast the votes that are the same with
than ½ (one half) part of the total number of shares the votes of majority of shareholders casting votes.
with voting rights that are present or represented in
the Meeting. This is in accordance to the Article 25 The resolution for the proposal being presented in
paragraph (1) POJK 32 juncto Article 26 paragraph (1) each Agenda Item is passed by deliberation for mutual
c POJK 32, juncto Article 87 Law of Limited Liabilities consensus. And if the consensus is not reached, for
Companies of 2007 juncto Article 11 paragraph 7 the first agenda item of the Meeting, the resolution
Articles of Association. will be legitimate if it is agreed by more than ½ (one
half) part of the total number of shares with voting

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

The Voting in the Extraordinary GMS 2019 rights that are present or represented in the Meeting.
This is in accordance with Article 11 of the Articles of
Referring to the Rules of Procedures of Extraordinary Association juncto Article 26 POJK 32 and Article 86
GMS BTPN Syariah 2019, the voting for each agenda of the Law of Limited Liabilities Company of 2007.
item was administered in oral unless otherwise stated
by the Chairman of the Meeting without any objection Whereas for the second agenda of the meeting, the
from the shareholders attending the Meeting who resolution will be legitimate if the meeting is attended
own the Company shares of at least 5% (five percent) by Shareholders or Proxy Shareholders that in total
of the total number of shares with voting rights issued represent more than 2/3 (two third) of the total
by the Company. the voting was administered after all number of shares with voting rights issued by the
the questions were answered and/or the question and Company. This is in accordance to Article 12 of the
answer session had ended. Articles of Association juncto Article 27 POJK 32 and
Article 38 of the Law of Limited Liabilities Company
of 2007.
 Attendance of the Board of Commissioners, the Sharia Supervisory Board and the Board of Directors
in Annual GMS and Extraordinary GMS in BTPN Syariah 2019

No Name Position Annual GMS Extraordinary GMS Remarks

14 February 2019 2 September 2019
Attend Not Attend Attend Not Attend
1 Kemal Azis Stamboel President Commissioner/ Independent √ - √ -

2 Dewie Pelitawati Independent Commissioner √ - √ -

3 Mahdi Syahbuddin Commissioner √ - √ -

4 Maya Kartika Commissioner * √ - √ -

5 Yenny Lim Commissioner ** - - √ -

6 H. Ikhwan Abidin, MA Chairman of the Sharia Supervisory Board √ - √ -

7 H. Muhamad Faiz, MA Member of the Sharia Supervisory Board √ - - √ Sick Leave

8 Ratih Rachmawaty President Director/Independen √ - √ -

9 Mulia Salim Deputy President Director √ - √ -

10 M. Gatot Adhi Prasetyo Director √ - √ -

11 Taras Wibawa Siregar Director √ - √ -

12 Arief Ismail Compliance Director √ - √ -

Note:
*) Resigned, being effective upon the closure of Extraordinary GMS 2019 held on 2 September 2019
**) Appointed, being effective since the closure of Extraordinary GMS 2019 held on 2 September 2019

178

Annual General Meeting of Shareholders BTPN Syariah 2019

The Annual GMS 2019 was attended by shareholders and or proxy shareholders that in total represented
6,833,755,974 shares or 88.7074519% of the total shares with voting rights issued by the Company that in total
amounts to 7,703,700,000 shares.

For each agenda item, shareholders or proxy shareholders attending the meeting had been given the opportunity
to ask questions and/or give comments to the materials being discussed. There had been shareholders asking
questions that were answered well.

The Annual GMS BTPN Syariah for the accounting year ended 31 December 2018 had been conducted on 14
February 2019, in Menara BTPN Lantai 27, CBD Mega Kuningan, Jalan Dr. Ide Anak Agung Gde Agung Kav 5.5-5.6,
Jakarta Selatan 12950.

The materials and agenda time of the Annual GMS 2019 had been communicated to the shareholders through the
Meeting Notice for Annual GMS according to prevailing regulations.

Notary and Share Registration Bureau as the Independent parties were present in the Annual GMS 2019 to
perform calculation of quorum and votes.

The Annual GMS was opened and chaired by Kemal Azis Stamboel, the President Commissioner/Independent
Commissioner.
No Deed Concerning Agenda Item Meeting Resolutions
1 Deed No. Summary of the First Agenda Item of Approved the Company Annual Report including the report
11 dated 14 Resolution of the Meeting: of the supervisory function performed by the Board of
February 2019 Annual General Commissioners and the Sharia Supervisory Board for the
by Notary & Meeting of Approve of the accounting year ended on 31 December 2018 (thirty first of
PPAT Ashoya Shareholders Company Annual December two thousand eighteen) that is contained in the
Ratam, PT Bank Report including Annual Report 2018 that had been presented by the Board
SH.,Mkn, Tabungan the report of of Directors of the Company in the meeting.
Administrative Pensiunan the supervisory

City South Nasional Syariah function performed Ratified the Company Financial Statements for the

Jakarta Tbk by the Board of accounting year ended on 31 December 2018 (thirty first of
Commissioners December two thousand eighteen) that had been audited
and the Sharia by the Public Accounting Firm Tanudiredja, Wibisana,
Supervisory Board Rintis dan Rekan (a member of PwC Global Network)
for the accounting that is contained in the Annual Report 2018 that had been
year ended on 31 presented by the Board of Directors of the Company in this
December 2018 (thirty meeting.
first of December two
thousand eighteen) Granted full release and discharged (volledig acquit et

and to grant full decharge) to the incumbent members of the Board of

release and discharge Directors of the Company for the accounting year ended

(volledig acquit et 31 December 2018 (thirty first of December two thousand

decharge) to the eighteen), for all the deeds of managing the company, and

incumbent members to the incumbent members of the Board of Commissioners

of the Board of and Sharia Supervisory Board for the supervision that
had been performed during the accounting year ended 31
179
Directors, the Board
of Commissioners and December 2018 (thirty first of December two thousand

Sharia Supervisory eighteen); to the extent that such deeds are recorded in

Board for the the Annual Report and the Financial Statement of the

management and Company for the accounting year ended 31 December

supervision that had 2018 (thirty first of December two thousand eighteen);

been performed during except in the event of fraud, embezzlement or other

the accounting year criminal deeds.

ended 31 December
2018 (thirty first
of December two

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

thousand eighteen);

Voting Agreed : 6,833,755,974 (100 %)

Disagreed : 0 atau 0.000 %

Abstained : 0 atau 0.000 %

Total Agreed : 6,833,755,974 (100 %)

Resolution Unanimous deliberation for mutual consensus

Realization/ The Annual Report and Financial Reports of BTPN Syariah has been approved by Shareholders and
Follow Up have been made available on the websites of BTPN Syariah as part of Disclosure of Information and
submitted to the Authority.
 No Deed Concerning Agenda Item Meeting Resolutions
Second Agenda Item Approved the use of net profit for the accounting year
of the Meeting: 2018 of Rp965.310.540.948 (nine hundred sixty five billion
three hundred ten million five hundred forty thousand nine
Appropriation of hundred and forty eight Rupiah) after appropriation for
net profit for the general reserves of Rp20,000,000,000 (twenty billion
accounting year rupiah) pursuant to the Law No. 40 of 2007 concerning
ended on 31 December Limited Liabilities Company, entirely to strengthen
2018 (thirty first the capital position of the Company and shall not be
of December two distributed as dividend for the shareholders.
thousand eighteen)

Voting Agreed : 6,833,755,974 (100 %)

Disagreed : 0 or 0.000 %

Abstained : 0 or 0.000 %

Total Agrees : 6,833,755,974 (100 %)

Resolution Unanimous deliberation for mutual consensus

Realization/ Appropriation of part of the net profit of BTPN Syariah to add the amount of general reserves had
Follow Up been followed up and had been recorded according to the Resolution of Annual GMS 2019.

Third Agenda Item of 1. Granted full power and authority to the Board
180 the Meeting: of Commissioners of the Company to decide the
Remuneration for the members of the Board of Directors
Approval on and the members of the Sharia Supervisory Board in
the amount of 2019 through Nomination and Remuneration Committee
remuneration for the Meeting, and to decide its distribution amongst the
members of the Board members of the Board of Directors and the members
of Commissioners, the of the Sharia Supervisory Board under the condition
Sharia Supervisory that in making such decision of the total amount and its
Board and the Board distribution to members of the Board of Directors and
of Directors of the the members of the Sharia Supervisory Board, the Board
Company in 2019; of Commissioners is obliged to take into account the
recommendation of the Nomination and Remuneration
Committee of the Company;

2. Approved the recommendation of the Nomination

and Remuneration Committee stated in the Minutes
of Meeting of the Nomination and Remuneration
Committee of the Company No. MOM 001/RNC/I/2019
dated 16 January 2019, that was approved by the Board
of Commissioners as stated in the Minutes of Meeting
of the Board of Commissioners No. MOM 002/KOM/
CSL/I/2019 dated 16 January 2019 that determined
the total gross Remuneration for the members of the
Board of Commissioners for the year 2019 not exceeding
Rp10,200,000,000 (ten billion two hundred million
rupiah), and to grant power and authority to the Board
of Commissioners to decide, in a Decision of the Board of
Commissioners, the distribution of the total remuneration
to the members of the Board of Commissioners under one
condition that in making such decision of the distribution
of the total Remuneration, the Board of Commissioners
is obliged to take into account the recommendation
of the Nomination and Remuneration Committee of
the Company;
No Deed Concerning Agenda Item Meeting Resolutions
Voting Agreed : 6,828,369,774 (99.9211824%)

Disagreed : 5,386,200 (0.0788176%)

Abstained : 0 atau 0.000%

Total Agreed : 6,828,369,774 (99.9211824%)

Resolution Majority Votes of 6,828,369,774 (99.9211824%)

Realization/ Granted full power and authority to the Board of Commissioners of the Company to decide the
Follow Up Remuneration for the members of the Board of Directors and the members of the Sharia Supervisory
Board in 2019 and to decide its distribution amongst the members of the Board of Directors and
the members of the Sharia Supervisory Board; and to decide the remuneration for the members of
the Board of Commissioners and the distribution for the members of the Board of Commissioners
according to the Resolution of the Meeting.

Fourth Agenda Item Approved full power and authority to the Board of
of the Meeting: Commissioners to:

Appointment of the 1. Appoint the Public Accountant and/or Public

Public Accountant Accounting Firm to audit the books of the Company
to audit the books for the accounting year ending 31 December 2019 and
of the Company determine the amount of fees and other condition
for accounting of such the appointment of Public Accountant and/
year ending on 31 or Public Accounting firm taking into consideration
December 2019 and the recommendation of the Audit Committee and the 181
the determination prevailing regulations;
of the amount of
fees and other 2. Appoint the substitute Public Accountant and/or Public

conditions of such the Accounting Firm in the event that Public Accountant

appointment; or Public Accounting appointed by the Meeting for

whatever reasons is not able to complete or perform
the auditing for the financial reports for the year ending
31 December 2019 including to determine the amount
of fees and other conditions of the appointment of the
substitute Public Accountant or Public Accounting Firm.

Voting Total Agreed : 6,634,749,374 (97.0878884%)

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Agreed : 6,631,949,374 (97.0469153%);

Disagreed : 199,006,600 (2.9121116%)

Abstained : 2,800,000 (0.0409731%)

Resolution Majority Votes of 97.0878884% with abstained votes of 2,800,000

Realization/ 1. Minutes of Meeting of the Board of Commissioners No.003/KOM/CSL/IV/2019 dated 22 April 2019
Follow Up concerning the Approval of of the Board of Commissioners for the appointment of the Public Accountant
and/or Public Accounting Firm to audit the books of BTPN Syariah for the accounting year ending
31 December 2019;

2. Minutes of Meeting of Audit Committee No. MOM/KA/02/IV/2019 dated 22 April 2019 concerning KPMG
(Public Accounting Firm/Kantor Akuntan Public KAP Shidarta Wijaya & Rekan) and recommendation of
Audit Committee dated 22 April 2019 concerning the appointment of the Public Accountant and/or Public
Accounting Firm to audit the books of BTPN Syariah for the accounting year ending 31 December 2019;

3. Report of the Process of Appointment of Public Accountant and/or Public Accounting Firm to audit the
historical financial information for accounting year ending 31 December 2019 had been submitted to OJK
DPBS through the Letter No. S.154/DIR/CSL/V/2019 dated 6 May 2019, to OJK Capital Market through
the Letter No. S.155/DIR/CSL/V/2019 dated 6 May 2019 and to Indonesian Stock Exchange (PT Bursa
Efek Indonesia) through the Letter No. S.156/DIR/CSL/V/2019 dated 6 Mei 2019.
 No Deed Concerning Agenda Item Meeting Resolutions
Fifth Agenda Item: There were no specific resolution and the accountability
report of the utilization of funds acquired from the Initial
Accountability report Public Offering (IPO) of the Company had been submitted
of the utilization of to the Authority and the realization had been entirely
funds acquired from completed.
the Initial Public
Offering (IPO) of the
Company.

Realization/ Accountability of the utilization of funds acquired from the Initial Public Offering (IPO) has been
Follow Up entirely extended for Murabhahah Financing as mandated and according to what had been
presented in Annual GMS 2019 and disclosure of information on this matter had been done according
to regulation.

Stages in Convening Annual GMS 2019

Date of Submitting the Notice Date Recording Invitation Convening of Date of Submitting the AGMS Results
Plan to Convene AGMS Date Date the AGMS

28 December 2018 8 January 22 January 23 January 14 February 18 February 2019 to Financial Services
through the letter 2019 2019 2019 through 2019 Authority and Indonesian Stock
S.605/DIR/CSL/ through the letter Exchange (Bursa Efek Indonesia)
182 In Menara
XII/2018 the letter S.022/DIR/ through:
S.005/DIR/ CSL/I/2019 BTPN
CSL/I/2019 27th Floor, 1. Letter No. S.084/DIR/CSL/II/2019
CBD Mega and published in Bisnis Indonesia
Kuningan daily, the Company Websites,
Jl. Dr. Ide and websites of PT Bursa Efek
Anak Agung Indonesia and Financial Services
Gde Agung Authority concerning Presentation
Kav.5.5-5.6 of the Summary of The Resolutions
Jakarta of Annual GMS 2019
Selatan 12950
Indonesia 2. Letter No. S.111/DIR/CSL/III/2019
concerning Submission of the Deed
of Summary the Resolutions of
Annual GMS 2019

Extraodinary General Meeting of Shareholders 2019

The Extraordinary GMS was attended by shareholders and or proxy shareholders that in total represented
7,054,031,206 shares or 91.5667953% of the total shares with voting rights issued by the Company that in total
amounts to 7,703,700,000 shares.

For each agenda item, shareholders or proxy shareholders attending the meeting had been given the opportunity
to ask questions and/or give comments to the materials being discussed. There had been shareholders asking
questions that were answered well.

The Extraordinary GMS BTPN Syariah 2019 had been conducted on 2 September 2019, in Menara BTPN 27th Floor,
CBD Mega Kuningan, Jalan Dr. Ide Anak Agung Gde Agung Kav 5.5-5.6, Jakarta Selatan 12950.

The materials and agenda time of the Annual GMS 2019 had been communicated to the shareholders through the
Meeting Notice for Annual GMS according to prevailing regulations.
Notary and Share Registrar as the Independent parties were present in the Extraordinary
GMS 2019 to perform calculation of quorum and votes.

The Extraordinary GMS was opened and chaired by Kemal Azis Stamboel, the President Commissioner/
Independent Commissioner.

No Deed Concerning Agenda Item Meeting Resolution

1 Deed No. “Summary First Agenda 1. Approved and accepted the resignation of Mrs. Maya Kartika
11 dated 14 of the Item as the member of the Board of Commissioners of the Company
February 2019 Resolution being effective upon the closure of the EGMS 2019 with
by Notary & of Annual Changes of the gratitude and highest appreciation for all her services during her
PPAT Ashoya General composition of term of office as the member of the Board of Commissioners.
Ratam, Meeting of the members
SH.,Mkn, Shareholders of the Board of 2. Appointed Mrs. Yenny Lim as the member of the Board of
Administrative PT Bank Commissioners Commissioners of the Company being effective since the closure
City South Tabungan of the Company of the EGMS 2019.
Jakarta Pensiunan
3. Declared that since the closure of EGMS 2019, the composition
Nasional
of the members of the Board of Commissioners, the members
Syariah Tbk”
of the Sharia Supervisory Board and the members of the Board
of Directors are, as follows

Board of Commissioners
President Commissioner/Independent: Mr. Kemal Azis Stamboel
Independent Commissioner: Mrs. Dewie Pelitawati (appears in
the Identity Card as Dewi Pelitawati) 183
Commissioner: Mr. Mahdi Syahbuddin
Commissioner: Mrs. Yenny Lim

Sharia Supervisory Board

Chairman of Sharia Supervisory Board: Mr. H. Ikhwan Abidin, MA
Member of Sharia Supervisory Board: Mr H. Muhamad Faiz, MA

Board of Directors
President Director/Independent: Mrs. Ratih Rachmawaty
Deputy President Director: Mr. Mulia Salim
Director: Mr. Taras Wibawa Siregar (appears in the Identity Card
as Taras Wibawa)

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Director: Mr. M. Gatot Adhi Prasetyo
Director: Mr. Arief Ismail

Under the condition that the term of office of the new

member of the Board of Commissioners is equal to the
remvaining term of office of the other incumbent members
of the Board of Commissioners, that is until the closure of
the Annual General Meeting of Shareholders of the Company
that will be held in 2020, without disregarding the possible
changes that might happen before the end of such the term
of office
4. Granted power and authority to the Board of Directors
with substitution rights to take all the necessary action in
connection to Resolution for the Meeting Agenda 1 according
to the prevailing legal regulations, including its declaration in
a separate Notarial Deed and notification to the Ministry of
Legal and Human Rights of the Republic of Indonesia and the
related institution regarding the Changes of the Members
of the Board of Commissioners, according to the prevailing
regulations
 No Deed Concerning Agenda Item Meeting Resolution

Voting Agreed : 6,588,651,514 (93.4026420%)

Disagreed : 465,379,692 (6.5973580%)

Abstained : 0 or 0.000%

Total Agreed : 6,588,651,514 (93.4026420%)

Resolution Majority votes of 6,588,651,514 (93.4026420%)

Realization/ Deed of the Summary of Resolutions of Extraordinary General Meeting of Shareholders BTPN
Follow Up Syariah No. 02 dated 2 September 2019 by Notary Ashoya Ratam, SH.,Mkn, Administrative City
Jakarta Selatan, that had been registered in the Ministry of Legal and Human Rights of the
Republic of Indonesia in the Decree No. AHU.AH.01.03-0332927 dated 17 September 2019.

2 Second Agenda 1. Approved the buyback of shares of the Company at the

Item of the maximum of 0.032% (zero point zero three two percent) of
Meeting the total shares issued and paid up or at the maximum of
2.500.000 (two million five hundred) shares in the Company.
The Buyback
of Shares of 2. Approved the implementation of the buyback of the shares
the Company in order to provide the variable remuneration for the
in order to members of the Board of Directors pursuant to POJK No.
provide variable 30/POJK.04/2017 and will be administered by following and
remuneration abiding to the prevailing legal regulations.
according to
POJK No.59/ 3. The implementation of the buyback of the shares in order to
184
POJK.03/2017 provide the variable remuneration for the members of the
Board of Directors of the Company, as well as the execution
of the payment of the variable remuneration shall be made
with the written approval of the Board of Commissioner.

4. Granted power and authority to the Board of Directors

with substitution rights to take all the necessary actions
in connection to Resolution for the Second Agenda Item
of Meeting according to the prevailing legal regulations,
including its declaration in a Notarial Deed.

Voting Agreed : 7,054,031,206

Disagreed : 0 or 0.000 %

Abstained : 0 or 0.000 %

Total Agreed : 7,054,031,206

Resolution Unanimous deliberation for mutual consensus.

Realization/ Deed of the Summary of Resolutions of Extraordinary General Meeting of Shareholders BTPN
Follow Up Syariah No. 02 dated 2 September 2019 by Notary Ashoya Ratam, SH.,Mkn, Administrative City
Jakarta Selatan, that had been registered in the Ministry of Legal and Human Rights of the
Republic of Indonesia in the Decree No. AHU.AH.01.03-0332927 dated 17 September 2019.
Stages in Convening Extraordinary GMS 2019

Date of Submitting Notice Date Recording Invitation Convening of the Date of Submitting the EGMS
the Plan to Convene Date Date Extraordinary GMS Results

17 July 2019 25 July 2019 8 August 9 August 2 September 2019 4 September 2019 to Financial
through the letter through the 2019 2019 through Services Authority and
No. S.211/DIR/ letter No. the letter In Menara BTPN Indonesian Stock Exchange
CSL/VII/2019 S.229/DIR/ No. S.249/ 27th Floor, CBD (PT Bursa Efek Indonesia)
CSL/VII/2019 DIR/CSL/ Mega Kuningan through Letter No. S.281/DIR/
VIII/2019 Jl. Dr. Ide Anak CSL/IX/2019 and published
Agung Gde Agung in Kompas daily and Kontan,
Kav.5,5.5-6 the Company Websites,
Jakarta Selatan and websites of PT Bursa
12950 Efek Indonesia and Financial
Services Authority

Follow Up – Resolutions of the General Meeting of Shareholders in the Previous Year

BTPN Syariah has implemented the Resolutions of the Annual General Meeting of Shareholders and Extraordinary
General Meeting of Shareholders conducted for the accounting year ended 31 December 2018, as follows:

Follow Up of the Resolutions of the Annual General Meeting of Shareholders 28 February 2018

No Agenda Resolution Status Description

185
1 Approval of The a. Approved the Annual Report of BTPN Syariah including Completed Approved in the
Annual Report the Supervision Reports of the Board of Commissioners Annual GMS
and Ratification and the Sharia Supervisory Board for the accounting year conducted on 28
of Financial ended 31 December 2017 (thirty first of December two February 2018
Statements thousand seventeen) that was presented by the Board of
of BTPN Directors and the Board of Commissioners in the Meeting.
Syariah for the
accounting year b. Ratified the Financial Statements of BTPN Syariah for
ended 31-12- the accounting year ended 31 December 2017 (thirty first
2017 (thirty first of December two thousand seventeen) that had been
of December audited by the Public Accounting Firm TANUDIREDJA,

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

twenty WIBISANA, RINTIS dan Rekan (a member of Pricewater
seventeen), house Coopers Global Network) that had been contained in
including the Annual Report of BTPN Syariah for the Year 2017 (two
the Annual thousand seventeen).
Supervision
c. Granted full release and discarge (acquit et decharge) to
Reports of
the incumbent members of the Board of Directors of the
The Board of
Company during the accounting year ended 31 December
Commissioners
2017 (thirty first of December two thousand seventeen)
and the Sharia
for all the deeds of managing the company, and to the
Supervisory
incumbent members of the Board of Commissioners and
Board
Sharia Supervisory Board for the supervision that had
been performed during the accounting year ended 31
December 2017 (thirty first of December two thousand
seventeen), to the extent that such deeds are recorded
in the Annual Report and the Financial Statement of the
Company for the accounting year ended 31 December
2017 (thirty first of December two thousand seventeen),
except in the event of fraud, embezzlement or other
criminal deeds.
 No Agenda Resolution Status Description

2 Determination a. Stated that according to the income statement of BTPN Completed The appropriation of
of the Use of Syariah for the accounting year ended 31 December 2017 part of net profit of
the Net Profit (thirty first of December two thousand seventeen), the BTPN Syariah to add
of the Company current year net profit after tax earned by BTPN Syariah the total reserves
for the amounted to Rp670,181,742,631 (six hundred seventy billion had been followed up
accounting year one hundred eighty one million seven hundred forty two and had been booked
ended 31-12- thousand six hundred and thirty one Rupiah); according to the
2017 (thirty first Resolution of Annual
of December, b. Approved the use of all the Company’s nett profit after GMS 28 February
twenty tax earned by BTPN Syariah for the accounting year ended 2018
seventeen) 31 December 2017 (thirty first of December two thousand
seventeen) as follows:

i. For the accounting year ended 31-12-2017 (thirty first of

December two thousand seventeen), BTPN Syariah will
not distribute dividend to the shareholders. After the
Initial Public Offering, to maximize the shareholders’
values, to strengthen the position in the competition, to
retain a healthy growth and to maximize the investment
in the infrastructure and the other resources (including
information technology) the management of BTPN
Syariah planned the cash payment of dividend to the
shareholders of BTPN Syariah at the maximum by
40% (forty percent) of the net profit of the respective
186 year, starting from 2020 (two thousand twenty) based
on the net profit in 2019 (two thousand nineteen),
unless otherwise decided in the General Meeting of
Shareholders;
ii. An amount of Rp5,000,000,000 (five billion Rupiah)
was set aside as the additional reserves, making
the total reserves of BTPN Syariah amounted to
Rp25,000,000,000 (twenty five billion);

iii. The remaining net profit of the current year (after

deducted by income tax) of Rp665,181,742,631 (six
hundred sixty five billion one hundred eighty one
million seven hundred forty two thousand six hundred
and thirty one Rupiah) will be booked as the Retained
Earning to strengthen the financial position of BTPN
Syariah.
No Agenda Resolution Status Description

3 The a. Granted full power and authority to the Board of Completed 1. Circular Resolution
appointment Commissioners of the Company to appoint the Public of the Board of
of Public Accountant and/or Public Accounting Firm to examine and Commissioners No.
Accountant audit the Company bookkeeping and financial statements 007/CIR/DEKOM/
and/or Public for the accounting year ended 31 December 2018 (thirty IX/2018 dated
Accounting first of December two thousand eighteen) and to 21 September
Firm for the determine the amount of honorarium and other terms 2018 concerning
accounting and conditions for such the appointment, taking into the Approval
year ended 31 consideration the recommendation of Audit Committee of the Board of
December 2018 and the prevailing regulations. Commissioners for
(thirty first the Appointment
of December b. That the Appointment of Public Accountant and/or Public of Public
two thousand Accounting Firm must be in accordance to the following Accountant and/or
eighteen) conditions: Public Accounting
and the Firm for the
i. The appointed Public Accounting Firm must be
determination accounting year
registered as the Capital Market Supporting
of the amount ended 31 December
Professional in the Financial Services Authority and is
of honorarium 2018;
experienced in auditing banks;
and other terms
and conditions 2. Circular Resolution
ii. The appointed Public Accounting Firm must be affiliated
for such the of the Audit
to the International Public Accounting Firm;
appointment. Committee No.
iii. Referring to the Regulations of Financial Services 003/CIR/AK/
Authority POJK No. 6/POJK.03/2015 concerning IX/2018 dated 21
187
Transparency and Publications of Bank Reports juncto September 2019
POJK 32/POJK.03/2016 concerning Amendment to concerning the
the Financial Services Authority Regulation No. 6/ Recommendation
POJK.03/2015 concerning Transparency and Publication of the Audit
– Bank Reports juncto Circular Letter of OJK No. Committee
18/SEOJK.03/2015 concerning Transparency and regarding the
Publication of the Reports of Sharia Commercial Bank Appointment of
and Sharia Business Unit, stipulating that the Bank is Public Accountant
obliged to prepare consolidated Financial Statement and/or Public
with the Parent Company Accounting Firm
for the accounting
iv. Referring to POJK No 13/POJK.03/2017 concerning year ended

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

the Engagement of the Services of Public Accountant 31 December 2018;
and Public Accounting Firm in the activities of Financial
Services. 3. The Report of the
Appointment of
Public Accountant
and/or Public
Accounting Firm
to audit the
historical financial
information on
31 December
2018 had been
submitted to
OJK in the letter
No. S.473/DIR/
CSL/X/2018 dated
3 October 2018;
 No Agenda Resolution Status Description

4 The 1. Granted full power and authority to the Board of Completed 1. Minutes of
determination Commissioners of BTPN Syariah to determine the Meeting of
of the amount remuneration for the members of the Board of Directors the Board of
of remuneration and the members of Sharia Supervisory Board for Commissioners
and allowance the year 2018 through the Meeting of the Nomination No. MOM.002/
for the and Remuneration Committee and to determine the KOM/LG/II/2018
members of distribution for the members of the Board of Directors dated 12-2-
the Board of and the members of the Sharia Supervisory Board under 2018 (twelveth
Directors, the the condition that in determining such total amount of of February
members of remuneration and its distribution for the the members two thousand
the Board of of the Board of Directors and the members of the Sharia eighteen) that
Commissioners Supervisory Board, the Board of Commissioners is obliged determined
and the to take into consideration the recommendation of the the total gross
members Nomination and Remuneration of BTPN Syariah; remuneration
of Sharia for the members
Supervisory 2. According to the recommendation of Nomination and of the Board of
Board for the Remuneration Committee that was contained in the Commissioners
year 2018. Minutes of Meeting of the Nomination and Remuneration for the accounting
Committee of BTPN Syariah No. MOM.001/RNC/ year ended
II/2018 dated 12-2-2018 (twelveth of February two 31 December
thousand eighteen), that was approved by the Board of 2018 (thirty first
Commissioners as stated in the Minutes of Meeting of the of December
Board of Commissioners No. MOM.002/KOM/LG/II/2018 two thousand
dated 12-2-2018 (twelveth of February two thousand eighteen);
eighteen), determined the total gross remuneration for
188 the members of the Board of Commissioners for the 2. Minutes of
accounting year ended 31 December 2018 (thirty first Meeting of the
of December two thousand eighteen), the total amount Nomination and
not exceeding Rp6.200.000.000 (six billion two hundred Remuneration
million Rupiah) and grant full power and authority to Committee of
the Board of Commissioners to determine, in a Decree BTPN Syariah No.
of the Board of Commissioners, the distribution of such MOM.001/RNC/
the total remuneration to the members of the Board of II/2018 dated 12-
Commissioners, under the condition that in determining 2-2018 (twelveth
the distribution of the total remuneration, the Board of of February
Commissioners is obliged to take into consideration the two thousand
recommendation of the Nomination and Remuneration eighteen),
Committee of BTPN Syariah. concerning the
determination of
the total gross
remuneration
for the members
of the Board of
Commissioners
for the accounting
year ended
31 December
2018 (thirty first
of December
two thousand
eighteen).
No Agenda Resolution Status Description

5 Reappoitment a. Approved the reappointment of Mr. Mahdi Syahbuddin as Completed The Deed of the
of the member the Commissioner of BTPN Syariah being effective upon Shareholders
of the Board of the closure of this Meeting, with the term of office until Resolutions
Commissioners the closure of the Annual General Meeting of Shareholders of the Annual
BTPN Syariah, BTPN Syariah 2020 (two thousand twenty), without General Meeting
Mr. Mahdi reducing the possible changes that might happen before of Shareholders
Syahbuddin the end of the term. of BTPN Syariah
No. 34 dated 28
The complete composition of the Board of Commissioners February 2018 by
BTPN Syariah since the closure of the Meeting is, as the Notary Ashoya
follows: Ratam, SH.,Mkn,
Administrative City
The Board of Commissioners
South Jakarta;
1) Kemal Aziz Stamboel (President Commissioner and registered in the
Independent Commissioner) Ministry of Law and
2) Dewie Pelitawati (Independent Commissioner), (written Human Rights of the
in the ID card Dewi Pelitawati Sarjana Hukum) Republic of Indonesia
3) Maya Kartika (Commissioner) in the Decree No.
AHU.AH.01.03-
4) Mahdi Syahbuddin (Commissioner)
0092641 dated
The Sharia Supervisory Board 2 March 2018.

1) Haji Ikhwan Abidin, MA (Chairman)

2) Haji Muhamad Faiz, MA (Member)

The Board of Directors 189

1) Ratih Rachmawaty (President Director/Independent)
2) Mulia Salim (Deputy President Director)
3) Taras Wibawa Siregar (Director)
4) Mohamad Gatot Adhi Prasetyo (Director)
5) Arief Ismail (Compliance Director)

Follow Up of the Resolutions of the Extraordinary General Meeting of Shareholders (5 April 2018)

No Agenda Resolution Status Description

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

1 The Amendment a. Approved the increase of Authorized Capital of Completed The Deed of the Shareholders
to the Articles of BTPN Syariah at the amount of 12,500,000,000 Resolution regarding The
Association of (twelve billion five hundred million) new Amendment to the Articles
BTPN Syariah and shares with the total nominal value of of Association No. 8 dated
the restatement of Rp1,250,000,000,000 (one trillion two hundred 5 April 2018 by the Notary
the entire Articles fifty billion rupiah) from the total shares that had Jose Dima Satria, SH.,Mkn,
of Association of been issued by BTPN Syariah. Administrative City South
BTPN Syariah Jakarta, that had been
b. Approved Amendment to the Articles of registered in the Ministry of
Association of BTPN Syariah and to grant full Law and Human Rights of the
power and authority to the Board of Directors Republic of Indonesia in the
with substitution rights to the Board of Directors Decree No. AHU.AH.01.03-
BTPN Syariah, to restate the decision concerning 0140091 dated 10 April 2018
the Increase of Authorized Capital and the and obtained Approval for
Amendment to the Articles of Association in the Amendments of the
the Notarial Deed and then inform the related Articles of Association No.
Authorities and for that purpose do the other AHU-0007953.AH.01.02.
necessary actions according to the prevailing TAHUN 2018 dated 10 April
rules and regulations 2018.
 The Board of Commissioners, the Sharia Supervisory
Board and the Board of Directors
Fit and Proper Test

All members of the Board of Commissioners, the Sharia Supervisory Board and the Board of Directors had fulfilled
the fit and proper test by the Financial Services Authority as of 31 December 2019.

The Board of Commissioners

According to the Good Corporate Governance Policy of BTPN Syariah, the Board of Commissioners is the organ
of the Company that, in independent manner, perform the supervisory function in general and/or in particular
according to the Articles of Association and provide advices to the Board of Directors in managing the Bank based
on the principles of Good Corporate Governance.

The Duties and Responsibilities of the Board of Commissioners

The duties and responsibilities of the Board of Commissioners according to latest the Charter of the the Board of
Commissioners are, as follows:

1. The Board of Commissioners shall ensure the implementation of Good Corporate Governance (GCG) in every
business activity of the Bank at all layers in the organization
190
2. The Board of Commissioners shall perform supervision to the undertaking of duties and responsibilities by the
Board of Directors and provide advices to the Board of Directors

3. In performing the supervision, the Board of Commissioners shall Direct, monitor and evaluate the
implementation of the strategic policy of the Bank. For this duty and responsibility the Board of
Commissioners is entitled to request the required data and information to the Board of Directors;

4. In performing the supervision, the Board of Commissioners is prohibited from being involved in the decision
making of the Bank operation, except:

a) Provision of funds to Connected Party as stipulated in the regulations of Bank Indonesia or Financial
Services Authority regarding Legal Lending Limit or in an amount that is exceeding certain amount that
from time to time will be decided by the Board of Commissioners; and

b) Matters as decided in the Articles of Association of the Bank or the prevailing legal regulations.

5. Decision making by the Board of Commissioners shall not negate the responsibility of the Board of Directors in
the management of the Bank;

6. The Board of Commissioners shall provide sufficient time to perform the the duties and responsibilities in an
optimum manner;

7. The Board of Commissioners shall ensure that the Board of Directors follows up the audit findings and
recommendation from the Bank Internal Audit Unit, external auditor, and Financial Services Authority
inspection report and/or the inspections of the other authorities;
8. The Board of Commissioners is obliged to report has established the Board of Commissioners’
to Financial Services Authority at the latest 7 days Committees, that consist of:
since the finding of:
1. Audit Committee;
a) Violation of Laws and regulations in financial 2. Risk Monitoring Committee;
and banking; 3. Nomination and Remuneration Committee;
4. Integrated Governance Committee
b) Situation or forecast of situation that could be (in coordination with the Parent Bank).
detrimental for the sustainability of the Bank;
The Board of Commissioners ensures that all the
9. The Board of Commissioners shall propose the Committees performs the duties effectively.
candidate member of the Sharia Supervisory Each of the Board of Commissioners’ Committee
Board to the Board of Directors, taking into in BTPN Syariah has their own Charter.
consideration the recommendation of the
Nomination and Remuneration Committee for
The Charter of the Board of
further endorsement from Indonesian Ulema
Commissioners
Council and approval from Financial Services
Authority. The General Meeting of Shareholders In performing the duties and responsibilities, the
is entitled to delegate the authority to the Board members of the Board of Commissioners in BTPN
of Commissioners to appoint the member of the Syariah always refers to the Charter of the Board of
Sharia Supervisory Board. Commissioners, that has always been updated and
refined on periodic basis according to the prevailing
10. In the undertaking of Internal Audit Function, the
regulations.
Board of Commissioners is responsible for:
In 2019, the Board of Commissioners has reviewed
a) Ensure that the Board of Directors develops
and updated the Charter of the the Board of 191
and maintains internal control system that is
Commissioners as part of the annual review process
adequate, effective and efficient;
and has made the necessary referring to the latest
regulations.
b) Review the effectiveness and efficiency
of internal control system based on the
The latest Charter of the Board of Commissioners
information from of Internal Audit Unit at least
BTPN Syariah is No.01/PedomanKerja/CSL/IV/2019
once a year; and
dated 1 April 2019.

c) Appoint independent Quality Assurance from

The Charter of the Board of Commissioners includes:
external party to assess the performance of
1. Organization;
Internal Audit unit, taking into consideration
2. Independency;
the recommendation from Audit Committee.
3. Duties and Responsibilities;

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

4. Establishment of Committees;
11. The Board of Commissioners shall maintain good
5. Function of President Commissioner;
communication with the Internal Audit Function
6. Work Ethics;
from the parent company to ensure that Internal
7. Office Hours;
Audit Function of the parent company define the
8. Meetings;
auditing scope and perform the internal audit
9. Conflict of Interest;
activities that is adequate for the Bank.
10. Transparency;
11. Term of Office;
The Establishment of the Board of
12. Accountabilito of the Board of Commissioners;
Commissioners’ Committee
13. Development;
According to the Charter of the Board of 14. Others.
Commissioners BTPN Syariah, in order to support
the effectiveness in the undertaking of duties
and responsibilities, the Board of Commissioners
 The Composition and Criteria of the Board of a) Had once not held the Annual General
Commissioners Meeting of Shareholders;

The composition and criteria of the members of Board of b) Whose report of accountability as the
Commissioners as stipulated in the Charter of the Board member of the Board of Directors and/
of Commissioners BTPN Syariah are, as follows: or the Board of Commissioners had
once not been accepted by the General
1. The total members of the Board of Commissioners Meeting of Shareholders or had never
is at least 3 (three) and the maximum member is the submitted report of accountabilitty as
same as the number of members of the Board of the member of the Board of Directors
Directors; or the Board of Commissioners to the
General Meeting of Shareholders; and
2. At least 1 (one) member of the Board of
Commissioners shall be domiciled in Indonesia; c) Had caused the company – with license,
approval or registration from the
3. The Board of Commissioners is chaired by the
Financial Services Authority – to fail to
President Commissioner. The appointment of
fulfill the obligation to submit the annual
President Commissioners shall prioritize the
report and/or financial statements to
Independent Commissioner;
the Financial Services Authority.
4. The Board of Commissioners must at least consist of
d. Is committed to comply with the laws and
members with a mastery of knowledge in following:
regulations;
macro economy, banking and Sharia banking, legal,
accounting and audit; e. Has the knowledge and/or skills in the areas
required by an Issuer or Public Company.
5. The Board of Commissioners shall maintain
192 independency in performing its duties and f. Fulfillment of the above mentioned
responsibilities. To ensure the independency of the requirements shall be written a statement and
Board of Commissioners, at least 50% (fifty percent) submitted to the Bank.
of the members of the Board of Commissioners is
Independent Commissioner g. The bank shall hold AGMS to replace the
member of the Board of Commissioners who
6. The candidate elligible to be appointed as the does not meet the above mentioned criteria.
member of the Board of Commissioners shall be the
individual who meet the following criteria at the date 7. Any proposal for replacement and/or appointment
of appointment and during his/her term of office: of the member of the Board of Commissioners
by the GMS shall take into consideration the
a. Demonstrate good character, morality and recommendation of the Nomination and
integrity; Remuneration Committee;

b. Capable to perform legal action; 8. All members of the Board of Commissioners must
meet the requirement to pass the fit and proper
c. Within the past 5 years prior to the appointment
test pursuant to Financial Services Authority/Bank
and during the terms of office:
Indonesia Regulation concerning fit and proper test;
i. Had never been declared bankrupt;
9. The members of the Board of Commissioners are
ii. Had never served as the member of the Board allowed to hold dual positions, restricted only for
of Directors or Board or the member of the the following positions:
Board of Commissioners who have adjudicated
a. A member of the Board of Commissioners, the
to have caused bankruptcy of a Company;
Board of Directors or Executive Officer in 1
iii. Had never been sentenced for a criminal (one) non-financial institution/company;
offense that caused financial loss to the
b. A member of the Board of Commissioners or
country and/or the financial sector; and
the Board of Directors who perform supervisory
iv. Had never served as the Member of the Board role in 1 (one) subsidiary, non-sharia-bank
of Directors or the member of the Board of financial institution owned by the Bank;
Commisioners with the following act during
his/her term of office:
 c. A member of the Board of Commissioners or influence the ability to act in an independent
Executive Officers in 1 (one) bank which is the manner are not elligible to serve as the members
shareholder of the Bank; of the Board of Commissioners in the respective
Bank before taking the cooling off period of 6
d. A member of the Board of Commissioners, (six) months (Reference: PBI 11/33/PBI/2009;
Board of Directors or Executive Officers that amended in PBI No.15/13/PBI/2013 about
in 1 (one) non-bank company which is the the Amendement to PBI Nomor 11/3/PBI/2009
shareholder of the Bank; or concerning Shari Commercial Bank;

e. An Officer in the maximum of 3 (three) non- 4. This provision, however, does not apply for the
profit institution. former members of the Board of Directors or
Executive Officers performing supervisory function.
10. The majority of members of the Board of
Commissioners are prohibited from having a 5. Independent Commissioner must fulfill the
family relationship up to the second grade with the following requirements:
other memberss of the Board of Commissioners
and/or with the members of the Board of a. Is not a person who works or has the authority
Directors. and responsibility to plan, lead, control or
supervise the Bank activities during the past
The Independency and Diversity of the 1 (year), except for the reappointment as the
Board of Commissioners Independent Commissioner of the Bank for the
subsequent term;
The Independency of the Board of
b. Does not own the shares, either directly or
Commissioners
indirectly, of the Bank;
BTPN Syariah has complied with the laws concerning 193
c. Does not have affiliation relationship to the
the independency of the Board of Commissioners.
Bank, members of the Board of Commissioner,
As of 31 December 2019, all the members of the
member of the Board of Directors or the
Board of Commissioner does not have financial
Ultimate Shareholder of the Bank;
relationship and family relationship with the other
members of the Board of Commissioners, Sharia d. Does not have direct or indirect relationship to
Supervisory Board, the Board of Directors and/ the Bank activities.
or Controlling Shareholders. All members of of the
Board of Commissioner have performed disclosure of 6. Independent Commissioner who has served for 2
information and have disclosed the relationship and (Two) terms of office is eligible for reappointment
management according to prevailing regulations. for the next term as long as the Independent
Commissioner declares his independency in the

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Independency of the Board of Commissioners in BTPN AGMS;
Syariah refers to the Charter of the of the Board of
Commissioners that governs as follows: 7. The declaration of independency of the
Independent Commissioner must be disclosed in
1. The Board of Commissioners shall perform the the Annual Report;
duties and responsibilities in an independent
manner; 8. In the event that the Independent Commissioner
also serves as the Audit Committee, the respective
2. Independent Commissioner is the member of Independent Commissioner is only elligible for
the Board of Commissioner who does not have reappointment for next 1 (one) term of office of
financial relationship, management, shares Audit Committee.
ownership, and/or family relationship with the
other members of the Board of Commissioners,
The Diversity of the Board of
the members of the Board of Directors and/or
Commissioners
Controlling Shareholders or other relationship of
whatsover in nature, which may influence his/her All members of the Board of Commissioners BTPN Syariah
ability to act in an independent manner; are appointed by General Meeting of Shareholders
taking into consideration the recommendation from the
3. Former members of the Board of Directors or
Nomination and Remuneration Committee and have
Executive Officers of the Bank of the parties
passed the requirement of fit and proper test from
who have relationship with the Bank, who may
Financial Services Authority.
 The terms of office of the Board of Commissioners BTPN Syariah is until the closure of Annual General Meeting of
Shareholders BTPN Syariah in 2020, without reducing the possible changes that may happen prior to the end of such
term of office.

The determination of the Composition of the Board of Commissioners is made by taking into consideration the
complexity and the need of the Bank. The composition of the Board of Commissioners is based on the banking
knowledge, expertise, professional experience, and background to support the effectiveness of the undertaking of
duties of the Board of Commissioners without differentiating gender, ethnicity, race and religion.

At present, the total members of the Board of Commissioners BTPN Syariah is 4 (four) persons, of which 2 (two)
members of the Board of Commissioners are women and 2 (two) members of the Board of Commissioners are
Independent Commissioners.

All members of the Board of Commissioners BTPN Syariah have fulfilled the number, composition, criteria, and
independency according to the prevailing regulations.

The Composition of Members of the Board of Commissioners

In 2019, there was a change in the composition of the members of the Board of Commissioners BTPN Syariah,
with Yenny Lim as the new member of the Board of Commissioners, to replace Maya Kartika who resigned, being
effective from 2 September 2019.

The process of changing the composition of the the Board of Commissioners was administered according to the
regulation and has been approved in the Extraordinary General Meeting of Shareholders of which the details are
elaborated in this Annual Report.

194 The Composition of Members of the Board of Commissioners as of 31 December 2019 is, as follows:

No Name Position Authority Approval Effective Date

1 Kemal Azis President Commissioner / 24 Feb 2014 (KEP-8/D-03/2014) 22 May 2014

Stamboel Independent Commissioner

2 Dewie Pelitawati Independent Commissioner 24 Feb 2014 (KEP-9/D-03/2014) 22 May 2014

3 Mahdi Syahbuddin Commissioner 23 Dec 2014 (KEP-128/D-03/2014) 13 January 2015

4 Maya Kartika * Commissioner 14 June 2017(KEP-128/D-03 2 September 2019

5 Yenny Lim ** Commissioner 17 July 2019 (KEP-122/D.03/2019) 2 September 2019

Note:
*) Maya Kartika resigned from her position as the member of the Board of Commissioners being effective since 2 September 2019;
**) Yenny Lim was appointed as the new member of Board of Commissioners, being effective since 2 September 2019.

All members of the Board of Commissioners BTPN Syariah have fulfilled the requirement as the Board of
Commissioners according to the prevailing regulations.

Dual Position of the Members of the Board of Commissioners

With regard to the disclosure of dual position of the Board of Commissioners as of 31 December 2019, the Board of
Commissioners BTPN Syariah do not hold any dual position as the member of Board of Commissioners, Board of
Directors and Executive Officers in the other banking institution, company or other institution that are exceeding
the maximum limite allowed by the prevailing regulations.
 No Name Position Name of Institution Year

1 Kemal Azis Stamboel Chairman of the Board of WWF Indonesia 1999 – present
Management

President Commissioners PT Digital Solusi Pratama 2019 – present

2 Dewie Pelitawati - - -

3 Mahdi Syahbuddin - - -

4 Yenny Lim Planning & Deputy CFO PT Bank BTPN Tbk 2019 – present

Orientation for the Board of Commissioners

The President Director shall ensure that all the newly apppointed members of the Board of Commissioners have the
necessary information related to the Bank in order to fulfill their duties and obligation. The Compliance Director who
is in Charge of Corporate Secretary is responsible to provide such information.

In 2019, there were 1 (one) new member of the Board of Commissioner, that is Yenny Lim who has taken the orientation
program. The implementation of orientation program and the information dissemination were administered in an
Official Record and had been governed well om Corporate Secretary & Legal Division.

Other than orientation programs, all members of the Board of Commissioner and members of the Board of
Directors have attended the Refreshment Programs in 2019, that includes:

1. Seminar BTPN Power Up! by PT Bank BTPN Tbk attended by the Board of Commissioner on 21 February 2019 in
Jakarta;
195
2. Training Agile Way of Working by Griya MP attended by the Board of Directors on 25 March 2019 in Jakarta;

3. Refreshment Program for Banking Risk Management Certification Level 5 by Raharja Duta Solusindo attended
by all members of the Board of Directors on 30 April 2019 in Jakarta;

4. Refreshment Program for Banking Risk Management Certification Level 2 by Raharja Duta Solusindo attended
by 2 (two) members of the Board of Commissioners on 30 April 2019 in Jakarta;

5. Refreshment Program for Banking Risk Management Certification Level 1 by Raharja Duta Solusindo attended
by 1 (one) members of the Board of Commissioners on 30 April 2019 in Jakarta;

6. Cambridge Islamic Finance Leadership Programme by Cambridge IFA attended by the President Director on
7-12 July 2019 in Cambridge, Inggris;

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

7. Training Center for Creative Leadership - Leadership at the Peak Centre of Creative Leaderhip (CCL)
attended by the President Director on 15-19 July 2019 in Singapore;

8. Refreshment Macroeconomic Condition and other Issues relevant for BTPN Syariah attended by the Board of
Commissioners and Board of Directors on 5 August 2019 in Jakarta;

9. Refreshment Macroeconomic Condition and other Issues relevant for BTPN Syariah attended by the Board of
Commissioners and Board of Directors on 14 August 2019 in Jakarta;

10. Training Social Innovation in Action by The Economist attended by the Board of Commissioners and Board of
Directors on Oktober 2019 in Thailand;
 11. Training Center for Creative Leadership - 4. The Board of Commissioners made refinement
Leadership for Organizational Impact by Centre of to the Supporting Organs of the Bank including
Creative Leaderhip (CCL) attended by Compliance strengthening the diversity of the composition
Director on 21 – 25 October 2019 di Singapore; members of the Board of Commissioners’
Committee, that is changes of the composition
12. Seminar Winning in The Digital Age : Building members in Audit Committee, Risk Monitoring
Digital and Agile Organization Capabilities by GML Committee and Nomination and Remuneration
Performance Consulting attended by President Commmittee in 2019;
Director on 25 October 2019 in Jakarta.
5. The Board of Commissioners monitored the
The Supervision Report and financial performance of BTPN Syarih through
Recommendation of the Board of the regular meetings with the Board of
Commissioners Commissioners, the Board of Commissioners’
Committee, meetings between the Board of
The Board of Commissioners has performed its duties Commissioners and the Board of Directors, and
and responsibilities to oversee the management the other strategic meetings with Management
and operations of BTPN Syariah and provided that can be convened upon the request of the
recommendation to the Board of Directors and has Board of Commissioners from time to time;
ensured the implementation of GCG Principles and
compliance to Sharia Principles. 6. The Board of Commissioners approved to convene
the Annual General Meetings of Shareholders and
The Board of Commissioners BTPN Syariah has Extra Ordinary Meeting of Shareholders in 2019,
performed direct supervision supported by the Board as proposed by the Board of Directors;
of Commissioners that had been established.
7. The Board of Commissioners approved the
196 In 2019, the Board of Commissioners has performed Annual Work Plan of the Board of Commissioners
its supervisory roles to a number of aspects, including: Committee, including amongst others the Annual
Audit Plan;
1. The Board of Commissioners reviewed and
approved the Bank Business Plan and monitored 8. The Board of Commissioners approved the
the realization of the Bank Business Plan that Meeting Schedule of the Board of Commissioners
were presented in the Report of the Board and the Meeting Schedule of the Board of
of Commissioners on Realization of the Bank Commissioners’ Committee in 2020 before the
Business Plan to the Authority; end of the accounting year;

2. The Board of Commissioners reviewed and 9. Board of Commissioners reviewed the performance
approved the Bank Sustainability Action Plan and of the Board of Commissioners’ Commmittees;
was committed to oversee the realization of such
the Bank Sustainability Action Plan with the Board 10. The Board Commissioners has followed up the
of Directors; Resolution of the Annual General Meeting of
Shareholders concerning the appointment of
3. The Board of Commissioners reviewed the efforts Public Accountant and/or Public Accounting
to refine the adequacy of infrastructure of the Firm in 2019 by granting approval for the the
organs of the Bank which included amongst others appointment of Public Accountant and Public
the Bank Main Policy, the Charter of the Board of Accounting Firm for the accounting year ended on
Commissioners and the Board of Commissioners 31 December 2019;
Committee, and recommend improvement for
the internal policies and procedures of the Bank in 11. The Board Commissioners performed the
supporting the Bank business activities to deliver supervision to ensure that the Board of Directors
service excellence to the Bank customers. followed up the findings of internal audit and
external audit and the recommendation of Internal
Audit through the Audit Committee;

12. The Board of Commissioners supervised the

Bank in the implementation of Good Corporate
Governance, management of compliance
risks and Risk Based Bank Rating-RBBR and
the implementation of AML/CTF through the
corporate meetings;
13. The Board of Commissioners reviewed and 1. Implemented the appointment of Public Accountant
formulated recommendations on Internal Audit, and Public Accounting Firm Siddharta Widjaja dan
Risk Management and Internal Control System of Rekan (an Indonesian partnership and member
the Bank; firm of KPMG network of independent member
affiliated with KPMG International Cooperative)
14. The Board of Commissioners made regular as the external auditor to audit the bookkeeping
coordination with the Sharia Supervisory Board to and records of BTPN Syariah for the accounting
ensure the alignment of strategic direction to the book ending 31 December 2019 and determined
Sharia Principles. the amount of fees and other conditions for the
appointment such Public Accountant and Public
15. The Board of Commissioners made regular visits
Accounting Firm taking into consideration the
to the field with the other members of the Board
recommendation of Audit Committee Bank BTPN;
of Commissioners’ Committee and provide advices
and recommendation to the Board of Directors; 2. Determined the remuneration for the members
of the Board of Directors and the members of
16. The Board of Commissioners supervised to
the Board of Commissioners in 2019 through
ensure the implementation of prudent principles
Nomination and Remuneration Committee
in the development and refinement of the Bank
meetings and decided its distribution amongst
products and services, the formulation of strategic
the members of the Board of Directors and the
initiatives to respond to business competition, the
members of the Sharia Supervisory Board under
development of adequate information technology
the condition that in making such decision of the
to support the Bank business development and
total amount and its distribution to members of the
provide the recommendation to the Board of
Board of Directors and the members of the Sharia
Directors about the necessary policy to be taken
Supervisory Board, the Board of Commissioners is
according to the prevailing regulations;
obliged to take into account the recommendation
197
17. The Board of Commissioners supervised the of the Nomination and Remuneration Committee
support function of the Bank including amongst of the Company.
others the Human Capital and Information
Technology; The Meeting of the Board of
Commissioners and Meeting of the Board
18. The Board of Commissioners monitored the of Commissioners inviting the Board of
handling of fraud incidents that were reported Directors
on regular basis, according to the prevailing
regulations; Meeting of the Board of Commissioners and Meeting
of the Board of Commissioners inviting the Board
19. The Board of Commissioners supervised the of Directors have been conducted according to
fulfillment of the Board of Directors’ commitment regulations. The schedule of the Meetings and the

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

to the regulator, by providing advices based Agenda of the Board of Commissioners in 2019 were
prudent priciple and compliance culture, including approved by the Board of Commissioners in the
the fulfillment of obligation to regulator in capital Memorandum No. M.001/KOM/CSL/XI/2018 dated 16
market; November 2018,

20. The Board of Commissioners supervised the Board According to the latest charter of the Board of
of Directors on the fulfillment of obligation as a Commissioners, the the Board of Commissioners
public company for the corporate action of the conducts regular meeting with the Board of Directors
Buyback of the Shares of the Bank; as part of the supervisor function to the following
aspects: strategic, financial, operational, internal
The Board of Commissioners has been granted power
control system, compliance, risk management and
and authority from the Shareholders through the
corporate governance.
General Meeting of Shareholders (GMS) and has
implemented the Resolutions of Shareholders in 2019, All schedule, materials and minutes of meeting in 2019
including: have been distributed to all members of the Board
of Commissioners and the invitations have been
administered well so as to comply with the provisions
in the Articles of Association and the Charter of the
Board of Commissioners.
 In 2019, the Board of Commissioners has conducted 12 (twelve) meetings, with physical attendance 12 (twelve)
times and the meeting of the Board of Commissioners inviting the Board of Directors were conducted 6 (six) times.

The resolution in the Meetings of the Board of Commissioners is passed by deliberaton for mutual consensus. In
2019, there were no dissenting opinion for all the meeting resolutions nor all the agenda items of the meeting.

The Meeting Policy of the Board of Commissioners

The policy of the meetings of the Board of Commissioners according to the latest Charter of the Board of
Commissioners are, amongst others:

a. The Board of Commissioners is obliged to convene Meeting at least once every 2 (two) months and prepares
the schedule of the regular Board of Commissioners meeting for the following accounting year before end of
the current accounting year;

b. The Meeting of Board of Commissioners must be physically attended by all members of the Board of
Commissioners at least twice a year

c. The Board of Commissioners shall convene meeting with the Board of Directors on periodic basis at least once
every 4 (four) months;

d. The Meeting can also be convened at anytime whenever deemed necessary by one or more members of the
Board of Commissioners or upon the written request of one or more members of the Board of Directors or
upon the written request of 1 (one) shareholder or more that jointly represent 1/10 (one tenth) of the total
number of shares with legitimate voting rights;

198 e. The Meeting of the Board of Commissioners is chaired by the President Commissioner, in the event that the
President is not available, the Meeting will be chaired by the other Commissioner appointed in such Meeting;

f. The decision of the Board of Commissioners is taken by deliberation for mutual consensus;

g. In the event that the mutual consensus is not achieved, the decision shall be administered through majority
votes with agreement votes more than ½ (one half) of the total number of votes in the meeting;

h. All decision made legimately in the Meeting of the Board of Commissioners shall bind all members of the Board
of Commissioners;

i. Dissenting opinions occurring the Meeting of the Board of Commissioners shall be recorded clearly in the
Minutes of Meeting including the reasons for such dissenting opinion;

j. The result of the meeting is recorded in the minutes of meeting and to be documented well;

k. The minutes of meeting is prepared by Corporate Secretary or the party appointed in the Meeting and to be
signed by all Members of the Board of Commissioners attending the Meeting;

l. The Minutes of Meeting is documented by Corporate Secretary and to be distributed to all members of the
Board of Commissioners.
The Attendance of the Board of Commissioners Meetings

Meeting
Attendance
Commissioner
Level Board of Commissioners inviting Board of Board of Directors inviting Board of
Directors Commissioners

Kemal Azis Stamboel 12/12 6/6 4/4

Dewie Pelitawati 12/12 6/6 4/4

Mahdi Syahbuddin 12/12 6/6 4/4

Maya Kartika (*) 6/12 4/6 4/4

Yenny Lim (**) 4/12 1/6 0/4

Note:
(* ) Maya Kartika resigned from her position as the member of the Board of Commissioners being effective since 2 September 2019;
(**) Yenny Lim was appointed as the new member of Board of Commissioners, being effective since 2 September 2019.

Agenda of the Board of Commissioners Meetings

No Meeting Date Number of Minutes of Meeting Meeting Agenda

1 16 January 2019 MOM.002/KOM/CSL/I/2019 1. Approval for the remuneration 2019 for the Board of
Commissioners, the Board of Directors, and the Sharia
Supervisory Board;
199
2. Approval for remuneration for Independent Party:
member of Audit Committee and Risk Monitoring
Committee.

2 22 April 2019 MOM.003/KOM/CSL/I/2019 1. Approval of the Board of Commissioners for the

appointment Public Accountant and Public Accounting
Firm to audit the bookkeeping and records of BTPN
Syariah for the accounting book ending 31 December
2019;

2. Update related to Integrated Governance Committee (as

of 31 March 2019).

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

3 31 July 2019 S.007A/KOM/CSL/VII/2019 Evaluation Report of the Board of Commissioners for the
Board of Commissioners’ Committee (Semester I 2019)

4 20 November 2019 MOM.009/KOM/CSL/XI.2019 Update on Integrated Governance Committee (Semester II

2019).

5 27 November 2019 S.009/KOM/CSL/XI/2019 Approval of the Board of Commissioners for the proposal
of the schedule of Approval of the Board of Commissioners
Meetings and the schedule of the Board of Commissioners’
Committee in 2020.

6 23 December 2019 S.010/KOM/CSL/XII/2019 Evaluation Report of the Board of Commissioners for the
Board of Commissioners’ Committee (Semester II 2019).
 Agenda of the Board of Commissioners Meetings inviting the Board of Directors

No Meeting Date Number of Minutes of Meeting Meeting Agenda

1 16 January 2019 MOM.001/KOM/CSL/I/2019 1. Follow the recommendation of the Board of Commissioners

in the previous meeting;

2. Request for approval from the the Board of Commissioners

for the Financial Statements 2018 (Audited);

3. Fraud Updates (Incidentil);

4. Report from Compliance Director to the Board of

Commissioners (as of 31 December 2018).

2 7 May 2019 MOM.004/KOM/CSL/V/2019 Convening of the Extraordinary General Meeting of

Shareholders 2019

3 7 May 2019 MOM.005/KOM/CSL/V/2019 Buyback of the Shares issued by the Company

4 18 June 2019 MOM.006/KOM/CSL/VI/2019 1. Request for the the Board of Commissioners approval for
the Revision of the Bank Business Plan 2019-2021.

2. Support Functions - Operations Update (as of 31 May 2019).

3. Support Functions – IT update (As of 31 May 2019).

5 22 July 2019 MOM.007/KOM/CSL/VII/2019 1. Follow the recommendation of the Board of Commissioners

in the previous meeting;
200
2. Discussion on Compliance Director Report to the the Board
of Commissioners (Semester 1 2019).

6 20 November 2019 MOM.008/KOM/CSL/XI/2019 1. Financial Performance Update (31 October 2019);

2. Request for the Board of Commissioners approval for the

Bank Business Plan 2020-2022

3. Request for the Board of Commissioners approval for the

Bank Sustainability Action Plan 2020-2024.

According to the Charter of the Board of Commissioners BTPN Syariah, that the Meeting of the Board of
Commissioners shall be held at least once every 2 (two) months and must be physically attended by all members of
the Board of Commissioners at least twice a year, and that Board of Commissioners shall convene meeting with the
Board of Directors on periodic basis at least once every 4 (four) months.

In 2019, the fulfillment of the number of meetings and the attendance of the Board of Commissioners in the meeting
of Board of Commissioners were in compliance to the regulations.

The Board of Commissioners Meetings Schedule 2020

Referring to the Articles of Association BTPN Syariah, the Board of Commissioners had fulfilled the requirement
stipulated in the Articles of Association and the Charter regarding the preparation of the Agenda of the Board of
Commissioners Meetings in 2020 and the Agenda of the Board of Commissioners Meeting inviting the Board of
Directors in 2020, which had been approved before the end of the current accounting year.

Circular Resolution of The Board of Commissioners

According to the Articles of Association BTPN Syariah and the Charter, the Board of Commissioners can also make
legitimate decision without convening the Board of Commissioners Meetings, under the condition that all the
incumbent members of the Board of Commissioners are notified in writing and that all incumbent members of the
Board of Commissioners grant agreement for the decision by signing for agreement. The decision of the Board of
Commissioners taken with such mechanism has the similar legal power with the legitimate decision made in the
Meeting of the Board of Commissioners.

In 2019, the Board of Commissioners has issued 3 (three) Circular Resolution, as follows:

No Number Date Concerning

1 001/CIR/DEKOM/II/2019 4 February 2019 The Board of Commissioners approval for the convening of
Annual General Meeting of Shareholders for the accounting
year ended 31 December 2018

2 002/CIR/DEKOM/VIII/2019 5 August 2019 The Board of Commissioners approval for Proposal of

Resolution for the Agenda Item of the Extraordinary General
Meeting of Shareholders 2019

3 003/CIR/DEKOM/IX/2019 2 September 2019 The Board of Commissioners approval for the Changes of
Composition Members of the Nomination and Remuneration
Committee 2019

The Board of Commissioners Performance Evaluation

The Procedures of the Performance Evaluation of the Board of Commissioners

The Board of Commissioners performance evaluation in BTPN Syariah is administered according to the predetermined
criteria by considering the duties and responsibilities according to the prevailing regulations and the Articles of
Association and the internal policies of the Bank. 201
Performance evaluation is conducted by means of self-asssessment every year to assess the performance of the Board
of Commissioners on collegial basis.

The Criteria of the Performance Evaluation of the Board of Commissioners

The self-assessment of the Board of Commissioners performance shall at least include the GCG implementation and
the supervision to the duties and responsibilities of the Board of Directors.

Performance Evaluation

• That the performance evaluation of the Board of Commissioners is performed by the President Commissioner

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

every year based on the duties and responsibilities of the Board of Commissioners;

• The result of the Board of Commissioners Performance Evaluation is taken as one of the consideration for the
Nomination and Remuneration Committee in providing the recommendation to the Board of Commissioners to
reappoint the member of the Board of Commissioners, as the consideration to develop the remuneration structure
for the Board of Commissioners;

• The performance of the Board of Commissioners is reported to the Shareholders in the GMS and presented in the
Annual Report.

The Nomination and Remuneration Committee is in charge to provide independent professional opinion to the Board of
Commissioners with regards to the information forward by the Board of Directors to the Board of Commissioners and
identify the matters requiring the Board of Commissioners attention. The duties and responsibilities of The Nomination
and Remuneration Committee is presented in Committee Report of this Annual Report.

The Performance Evaluation of the Board of Commissioners’ Committee

In 2019, the Board of Commissioners considered that the Board of Commissioners’ Committee has performed the
supervisory function well and effective through regular meetings with the Board of o Directors and paid direct
visits to the Syariah Branches, Operational Functional Offices, Mobil Marketing Syariah and the Centers to ensure
 the implementation of Compliance, good corporate 6. To perform periodic assessment to the fulfillment
governance and Sharia principles. of the Sharia Principles in the mechanism of
acquisitions and provisions of funds and the
The performance evaluation report of the Board of customer servicing of the Bank; of funding and
Commissioners’ Committee has been prepared and well financing and services of the Bank;
administered by Corporate Secretary & Legal Division.
7. To request data and information related to Sharia
matters from the Compliance Director and/or
The Sharia Supervisory Board
the Compliance Unit in performing its duties and
All members of the Sharia Supervisory Board had responsibilities;
passed the requirement of fit and proper test by the
8. In performing the duties and responsibilities,
Financial Services Authority as of 31 December 2019.
the Sharia Supervisory Board is assisted by the
According to the Good Corporate Governance Policy Compliance Unit;
of BTPN Syariah, the Sharia Supervisory Board is the
9. The Sharia Supervisory Board is obliged to submit
organ of the Company that, in independent manner,
Supervision Report of Sharia Supervisory Board
providing advices to the Board of Directors and
to the Financial Services Authority no later than 2
supervise the Bank activities to ensure its compliance to
(two) months upon the end of the reporting period
Sharia Principles.
of the semester.
The Compliance Division has established routine
10. In performing the duties and responsibilities, the
coordination with the Sharia Supervisory Board about
Sharia Supervisory Board maintains coordination
the implementation of Compliance Function with
with the Board of Commissioners and the Board of
regard to Sharia Principles.
Directors;
In the undertaking of the supervisory function, the
202 11. Duties and responsibilities of Sharia Supervisory
Sharia Supervisory Board has allocated adeqate
Board related to financing business activities that
time to ensure optimum performance of duties and
includes at least the following:
responsibilities.
a) Ensure the compliance of the Bank Financing
The Duties and Responsibilities of Sharia Policy to Sharia Principles;
Supervisory Board
b) Request clarification and/or accountability
The duties and responsibilities of the Sharia Supervisory of the Board of Directors in the occurence of
Board according to the latest Charter of the Sharia deviation of the Bank Financing Policy to the
Supervisory Board are, as follows: Sharia Principles.

1. To fulfil the duties and responsibities according to In 2019, The Sharia Supervisory Board has provided
the principles of Good Corporate Governance; Sharia-based opinion for the products and services of
the Bank through the regular meetings of the Sharia
2. To advise the Board of Directors and supervise the
Supervisory Board. The Sharia Supervisory Board
Bank activities to ensure its adherence to the Sharia
has requested clarification of the Bank Officers in
Principles;
the Working Units and reviewed the adherence to the
3. To assess and ensure adherence to the Sharia Sharia Principles and fatwa DSN-MUI.
Principles in the Bank’s operating procedures and
In coordination with the Compliance Division, the Sharia
products and services;
Supervisory Board BTPN Syariah has supervised and
4. To supervise the development of new products of made regular visits to the branches in 2019 to ensure
the Bank and ensure its adherence to fatwa of the that the execution of acquisition of funds and provision
National Sharia Board (DSN) and Indonesian Ulema of funds and other services of the Bank in the Branches
Council (MUI); are always in adherence to the Sharia Principles.

5. To request fatwa to DSN – MUI for new products The Charter of the Sharia Supervisory Board
for which MUI had not declared any fatwa;
In performing the duties and responsibilities, the Sharia
Supervisory Board always refers to the Charter of
the Sharia Supervisory Board that has always been
updated and refined on periodic basis according to the
prevailing regulations.
In 2019, the Sharia Supervisory Board has reviewed the Charter of the Sharia Supervisory Board and declared that
the Charter No. 012/Pedoman Kerja/LG/V/2018 dated 8 May 2019 is still valid and relevant with the Bank condition.

The Charter of the Sharia Supervisory Board includes:

1. Organization;
2. Duties and Responsibilities;
3. Decision Making Process (Meeting and Circular Decision);
4. Transparency/Disclosure;
5. Work Ethics;
6. Access to Information;
7. Others

The Composition and Criteria of the Members of the Sharia Supervisory Board

As the main organ of the Bank, The Sharia Supervisory Board is in equal position with the Board of Commissioners.
The Sharia Supervisory Board is taksed to perform supervision to the Board of Directors and is obliged to report the
fulfillment of its duties and responsibilities to the Financial Services Authority once every 6 (six) months through the
Supervision Report of the Sharia Supervisory Board.

The composition and criteria of the Sharia Supervisory Board is structured to ensure effective and efficient decision
making process. The composition and criteria of the Sharia Supervisory Board according to the Charter of the Sharia
Supervisory Board BTPN Syariah are, as follows:

1. The minimum number of the members of the Sharia Supervisory Board is 2 (two) and the maximum is 50% of the
total number of members of the Board of Directors;

2. The Sharia Supervisory Board is chaired by a Chairman, appointed from one of the members of the Sharia 203
Supervisory Board;

3. Any proposal for replacement and/or appointment of the member of the Sharia Supervisory Board from
the Board of Commissioners to the General Meeting of Shareholders shall take into consideration the
recommendation of the Nomination and Remuneration Committee;

4. Every member of the Sharia Supervisory Board must pass the fit and proper test according to the Financial
Services Authority requirement regarding fit and proper test and must have obtained the recommendation from
the National Sharia Board and Indonesian Ulema Council (DSN-MUI)

5. The maximum term of office of the the Sharia Supervisory Board is the same as the term of office of the
members of the Board of Directors or the Board of Commissioners;

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

6. The members of the Sharia Supervisory Board are only allowed to hold multiple positions at the maximum of 4
(four) other Sharia financial institutions.

Every member of the Sharia Supervisory Board must abide by the Code of Conduct and other prevailing regulations.
The Chairman of the Sharia Supervisory Board is responsible to coordinate the fulfilment of duties and responsibilities
of the Sharia Supervisory Board and ensure that all members has the information necessary to perform its duties
and responsibilities.

The Independency of the Sharia Supervisory Board

BTPN Syariah has fulfilled the requirement with regard to the independency of the Sharia Supervisory Board.

As of 31 December 2019, all members of the Sharia Supervisory Board BTPN Syariah does not have financial
and family relationship of whatsoever in nature with other members of the Board of Commissioners, the Board
of Directors and/or Controlling Shareholders. All members of the Sharia Supervisory Board have applied the
principles of transparency and disclosure with regard to disclosure of relationship and management according to
the GCG principles.
 The Diversity of the Sharia Supervisory Board

All members of the Sharia Supervisory Board BTPN Syariah were appointed by the General Meeting of
Shareholders taking into consideration the recommendation of the Sharia National Board / Indonesian Ulame
Council and the Remuneration and Nomination Committee and have passed the fit and proper test from Financial
Services Authority.

The term of office of the Sharia Supervisory Board BTPN Syariah is until the closure of the General Meeting of
Shareholders in 2020, without reducing the possibility of changes that might happen prior to the end of such term
of office.

The establishment of composition of the Sharia Supervisory Board took into consideration the complexity and the needs
of the Bank. The composition of the Sharia Supervisory Board includes the knowledge of Sharia banking, expertise,
professional experience and background to support the undertaking of duties of the Sharia Supervisory Board.

At present, there are 2 (two) members of the Sharia Supervisory Board BTPN Syariah, one of which was appointed
as the Chairman of the Sharia Supervisory Board.

All members of the Sharia Supervisory Board BTPN Syariah has fulfilled the numbers, composition, criteria and
independency according to the prevailing regulations.

The Composition of Members of the Sharia Supervisory Board

There were no changes of the composition of the members of Sharia Supervisory Board BTPN Syariah in 2019.

the composition of the members of Sharia Supervisory Board BTPN Syariah as of 31 December 2019 is, as follows:

204 No Name Position Effective Date

1 H. Ikhwan Abidin, MA Chairman of Sharia Supervisory Board 13 June 2017
2 H. Muhamad Faiz, MA Member of Sharia Supervisory Board 2 May 2017

All members of the Sharia Supervisory Board have fulfilled the requirements as members of Sharia Supervisory
Board according to regulations.

Dual Position of the Members of the Sharia Supervisory Board

According to regulations, members of Sharia Supervisory Board are only allowed to hold multiple positions in the
maximum of 4 (four) other Sharia financial institutions.

The multiple positions held by the members of the Sharia Supervisory Board is in compliance to the prevailing
regulations.

Name Position Name of Institution Year

H. Ikhwan Abidin, MA Member of Sharia Supervisory Board Bank Syariah Bukopin 2000 – today
Chairman of Sharia Supervisory Board PT Bahana Arta Ventura 2008 – today
Chairman of Sharia Supervisory Board PT Radana Finance 2013 – today
Member of Sharia Supervisory Board PT Asanusa Asset 2014 – today
Management
H. Muhamad Faiz, MA Chairman of Sharia Supervisory Board UUS PT Bank Permata Tbk 2008 – today
Chairman of Sharia Supervisory Board PT Indomobil Multifinance 2012 – today
Indonesia Syariah (IMFI)

Orientation for the Sharia Supervisory Board

The President Director shall ensure that all the newly apppointed members of the Sharia Supervisory Board
have the necessary information related to the Bank in order to fulfill their duties and obligation. The Compliance
Director who is in Charge of Corporate Secretary is responsible to provide such information.

In 2019, there were not any new member of the Sharia Supervisory Board taking the orientation program.
Management has provided the latest information to the Sharia Supervisory Board regarding the condition of
BTPN Syariah in 2019.
Training for the Sharia Supervisory Board in 2019

To support the undertaking of duties and responsibilities, all members of the Sharia Supervisory Board have
attended strategic seminars in 2019, that included:

1. Workshop Pra-Ijtima’ Sanawi (Annual Meeting) DPS 2019 in Sharia Banking on 17 September 2019.

2. Ijtima’ Sanawi (Annual Meeting) DPS in 2019 with the theme “Strengthening the Roles of Sharia Supervisory
Board in Supporting the New Force of Indonesian Economy in the Digital Revolution Era” on 02-04 October 2019.

The Supervision Report and Recommendation of the Sharia Supervisory Board

In 2019, the Sharia Supervisory Board has in general fulfilled its Duties and responsibilities by providing advices in
the form of Sharia Supervisory Board Opinion and Approval.

The Sharia Supervisory Board has issued 19 Opinion and Approval in 2019.

No. Number Sharia Supervisory Board Opinion and Approval Year 2019

1 No. 68/DPS/ODP/I/2019 Update of Financing Policy V03

2 No. 69/DPS/ODP/II/2019 Changes of akad for Citra iB dan Taseto Mapan iB products

3 No.70/DPS/ODP/III/2019 Roll Out Financing Product PMD Multiguna

4 No.71/DPS/ODP/III/2019 Additional Features on Tabungan Taseto Mapan iB

5 No.72/DPS/ODP/IV/2019 The Use of Sharia Account to Serve Conventional Customers

205
6 No.73/DPS/ODP/VII/2019 Program - Waive Initial Deposit Transfer Fee and ATM Transaction

7 No.74/DPS/ODP/VII/2019 Depostio iB Prize Program

8 No.75/DPS/ODP/VII/2019 PMD Financing with Grace Period Scheme

9 No.76/DPS/ODP/VII/2019 Administration Fee in HP Financing

10 No.77/DPS/ODP/VII/2019 Husband Permission in PMD Financing

11 No.78/DPS/ODP/VIII/2019 Update of Product Program Agent Liquidity Financing

12 No.79/DPS/ODP/VIII/2019 Pico Financing

13 No. 80/DPS/ODP/XI/2019 Education Support Financing Program

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Ratification of the Sharia Supervisory Board Opinion on the Mechanims of the
14 No. 81/DPS/ODP/XI/2019
Bank Intermediary in Product Trading

15 No. 82/DPS/ODP/XI/2019 Partial Fraud

16 No. 83/DPS/ODP/XI/2019 Interest Expense related to PSAK 73 implementation

17 No. 84/DPS/ODP/XI/2019 Changes of the Disbursement Scheme for Financing PMD HARA

18 No. 85/DPS/ODP/XI/2019 Prize Program; Saving and Deposit with Gold Prize

19 No. 86/DPS/ODP/XI/2019 Update Product Program Tabungan iB

20 No. 87/DPS/ODP/XII/2019 Funding from the Prospect Customers who operates non-halal business

21 No. 88/DPS/ODP/XII/2019 Poster design Tepat for Funding Product

 The Meeting of the Sharia Supervisory Board

In 2019, the Sharia Supervisory Board held 12 (twelve) meetings with the frequency of attendance of each member
as follows:

No Name Total Meetings in 2019 Total Attendance in 2019 Meetings

1. H. Ikhwan Abidin, MA 12 12/12*

2. H. Muhamad Faiz, MA 12 11/12*

According to the Sharia Supervisory Board Charter, the meeting is to be held 1 (once) a month. The frequency of
meetings by the Sharia Supervisory Board in 2019 were, therefore, in compliance to the regulationss.

The Agenda of the Sharia Supervisory Board Meetings

In 2019, the Sharia Supervisory Board has conducted meetings with the following Agenda:

No. Meeting Date No. of Minutes of Meeting Meeting Agenda

1 Wednesday, 23 January 2019 No. 01/DPS/RR/I/2019 1. Update Information of Internal Audit Activities
to the Sharia Supervisory Board.

2. Update Information of the Treasury Product/

Activity to the Sharia Supervisory Board.

3. The Sharia Supervisory Board Opinion and

206 Approval for Updates of the Financing Policy.

4. Discussion on the Working Plan of the Sharia

Supervisory Board 2019.

2 Thursday, 14 February 2019 No. 02/DPS/RR/II/2019 1. Update of BTPN Syariah Financial Statements
for the Period of January 2019.

2. The Sharia Supervisory Board Opinion and

Approval for the Changes of akad for Citra iB
and Taseto Mapan iB products.

3 Wednesday, 20 March 2019 No. 03/DPS/RR/III/2019 1. The Sharia Supervisory Board Opinion and
Approval for the Roll Out of PMD Multiguna
Financing.

2. The Sharia Supervisory Board Opinion and

Approval for the Additional Features on
Tabungan Taseto Mapan iB.

4 Thusday, 25 April 2019 No. 04/DPS/RR/IV/2019 1. Ratification of the Sharia Supervisory Board
Opinion on the Use of Sharia Account to Serve
Conventional Customers.

2. Update Information on the Use of Social

Funds in Q1 2019.
No. Meeting Date No. of Minutes of Meeting Meeting Agenda

5 Tuesday, 21 May 2019 No. 05/DPS/RR/V/2019 1. Opening Review Sharia Compliance in the
Process of Yield Distribution.

2. Update Fatwa DSN-MUI No.123/DSN-MUI/

XI/2018 the Use of Funds that Is Not Allowed
to be Earned as Income for LBS and LKS.

3. Ratification on the Changes of Financing

Agreement Document.

4. Discussion on the Plan to Develop Video on

Sharia Principles Socialization by the Sharia
Supervisory Board.

6 Wednesday, 19 June 2019 No. 06/DPS/RR/VI/2019 1. Discussion about the Review on the Sharia
Compliance in the Process of Yield Distribution.

2. The Plan the Sharia Supervisory Board visits in

Q3 2019.

7 Wednesday, 17 July 2019 No. 07/DPS/RR/VII/2019 1. Request for the Sharia Supervisory Board
Opinion and Approval for the Program: Waive
Initial Transfer Deposit and ATM Transaction.

2. Request for the Sharia Supervisory Board 207

Opinion and Approval for Deposito iB Prize
Program.

3. Ratification of Request for the Sharia

Supervisory Board Opinion and Approval for:

a. PMD Financing with Grace Period Scheme.

b. Administration Fee in HP Financing.

c. Sharia Principles Cases in MMS Kawalu.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

d. Husband permission in PMD Financing.

4. Update Internal Audit Activity Semester 1 2019.

5. Supervision Report of the Sharia Supervisory

Board Semester 1 2019.

6. Update: Report of the Use of Social Funds Q2

2019.

8 Thursday, 22 August 2019 No. 08/DPS/RR/VIII/2019 1. Request for the Sharia Supervisory Board
Opinion and Approval for Update PP Agent
Liquidity Financing.

2. Request for the Sharia Supervisory Board

Opinion and Approval for Pico Financing.

3. Information Update Implementation of Qanun

Aceh on LKS.
 No. Meeting Date No. of Minutes of Meeting Meeting Agenda

9 Thursday, 19 September 2019 No. 09/DPS/RR/IX/2019 1. Discussion about the Sharia Supervisory
Board Working Mechanism

2. Plan of Tepat Socialization Roadshow

10 Wednesday, 16 October 2019 No. 10/DPS/RR/X/2019 1. Update: Report of the Use of Social Funds Q3
2019.

2. Update: the Sharia Supervisory Board

Supervision Report in Cirebon dan Malang.

11 Wednesday, 20 November 2019 No. 11/DPS/RR/XI/2019 1. Request for the Sharia Supervisory Board
Opinion and Approval on Abuse of Partial
Disbursement (Partial Fraud).

2. Request for the Sharia Supervisory Board

Opinion on Interest Expense related to PSAK
73 Implementation;

3. Request for the Sharia Supervisory Board

Opinion on Education Support Financing
Program;

4. Ratification of the Sharia Supervisory Board

208
Opinion about the Bank Intermediary services
in Trading;

5. Request for the Sharia Supervisory Board

Opinion on Disbursement of HARA Financing;

6. Request for the Sharia Supervisory Board

Opinion on the Prize Program for Saving and
Deposits with Gold Prize;

7. Request for the Sharia Supervisory Board

Opinion on Updates of Product Program
Tabungan iB;

8. Discussion on the Plan to Propose Fatwa DSN-

MUI regarding the un-used FInancing Funds and
not exceeding 10%;

9. Update: the Sharia Supervisory Board

Supervision Report in KC Pondok Indah.

12 Wednesday, 18 December 2019 No. 12/DPS/RR/XII/2019 1. Discussion on the Sharia Supervisory Board
Work Plan 2020;

2. Request for the Sharia Supervisory Board

Opinion on the Funding from Prospect
Customers who operates Non-Halal Business;

3. Request for the Sharia Supervisory Board

Opinion on Tepat Poster Design for Funding
Products.
Implementation of Sharia Principles in 4. The Board of Directors is obliged to take follow
Acquisition and Provision of Funds and the up actions to the result of audit finding and
Bank Services Delivery recommendation of Internal Audit Unit, Sharia
Supervisory Board, External Audit, and supervision
The undertaking of acquisition and provision of funds report of Financial Services Authority/Bank
and the bank sevices delivery and the development of Indonesia and/or other supervising authorities;
new products of BTPN in general were in compliance
to the sharia principles as reported in the Sharia 5. In implementing GCG principles, the Board of
Supervisory Board Supervision Report submitted to Directors shall establish, at least the following
Financial Services Authority every semester. unit:

To ensure compliance to Sharia Principles in the a. Internal Audit Unit;

operational activities of theBank, the members of b. Risk Management Unit;
Sharia Supervisory Board conducted monitoring and c. Risk Management Committee;
visit to branch offices on regular basis and assessed d. Compliance Unit;
the implementation of Sharia Principles in operational
6. The Board of Directors is obliged to the conduct
activities in the branches. In 2019, the Sharia
Annual General Meeting of Shareholders and other
Supervisory Board visit Branch Offices in Lampung,
GMS as stipulated in the laws and regulations and
Sukabumi, Jambi, Samarinda, Malang, Cirebon
in the Articles of Association;
and Pondok Indah and Treasury Division about the
yield process. 7. The Board of Directors shall report its the
accountability in fulfilling of Duties and
The Board of Directors responsibilites to the Shareholders in the General
Meeting of Shareholders;
According to the latest Good Corporate Governance
8. The Board of Directors is obliged to diclose the 209
Policy BTPN Syariah, the Board of Directors is the
company organ with full responsiblity to execute Bank’s strategic policy in human resources to the
the management of the Bank that serves the best employees;
interest of the Bank in line with the Bank intents and
9. The Board of Directors is prohibited from hiring an
objectives and to represent the Bank in and outside
individual advisor and/or professional services as a
the courts of justice according to the Articles of
consultant, unless under the following conditions:
Association.
a. Projects with Specific Characteristics;
The Duties and Responsibilities of the b. With clear underlying contracts which cover at
Board of Directors least the scope of work, responsibilities, time
frame and investment;
According to the latest Charter of the Board of

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

c. Consultant is an independent party
Directors, the duties and responsibilities of the
and qualified for the undertaking of the
Board are:
above mentioned project with specific
1. The Board of Directors is fully responsible for the characteristics;
execution of the management of the Bank;
10. The Board of Directors is obliged to provide
2. The Board of Directors is obliged to manage accurate, relevant, and timely data and
the Bank within its scope of responsibilities information to the Board of Commissioners;
and authorities as stipulated in the Articles of
11. To support the effectiveness in the undertaking
Association according to prevailing laws and
of its duties and responsibilities, the Board of
regulations;
Directors shall establish Committees. With
3. The Board of Directors is obliged to comply with the establishment of the Committee, the the
the GCG principles in the Bank business activities Board of Directors is obliged to evaluate the
at all levels of the organization; performance of the Committee at the end of every
accounting year;
 12. With regard to the undertaking of Internal Audit Business Director (Non Tunas Usaha
Function, the Board of Directors is responsible to: Rakyat/Non TUR)
a. Develop the framework on internal control to To lead and coordinate the business development in
identify, measure, monitor and control all risks Retail & Wholesales Funding business, Multifinance &
encountered by the Bank; Partnership.
b. Ensure that Internal Audit Unit has the
information related to the latest development, Business Director (Tunas Usaha Rakyat/
project initiatives, products, operational TUR)
changes and risks that have been identified
and anticipated; To lead and coordinate the business development in
c. Ensure that the right corrective actions are Financing Business – Tunas Usaha Rakyat (TUR).
taken.
Compliance & Risk Management Director
The Scope of Work and Division of Duties (and Director in Charge of Corporate
of the Board of Directors Secretary)

The division of duties, authorities and responsibilities 1. To coordinate and lead the policy and strategy
of the Board of Directors is specifically stipulated development in the areas of Compliance and Risk
and stated in the latest Board of Directors Decree Management;
concerning the Division of Duties, Authorities and
2. To ensure and take any preventive action to ensure
Responsibilities of the Board of Directors in the Board
that all policies, systems and procedures and
of Directors Decree No. SK.005/DIR/LG/VIII/2018
the decisions taken by the Board of Directors do
dated 6 August 2018.
not deviate from the regulations of the Financial
210 Services Authority and the prevailing laws and
President Director
regulations;
1. To coordinate the duties amongst the members
3. To ensure the implementation of GCG Principles at
of the Board and directly responsible for the
all levels of organization.
following functions: Internal Audit, Human Capital,
and Daya & Communication;
The Charter of the Board of Directors
2. In collaboration with the Deputy President
In performing the duties and responsibilities, the
Director, to coordinate, provide strategic policy
Board always refers to the Charter of the Board
direction and supervise the respective member
of Directors that has always been updated and
of the Board to ensure the effectiveness of the
refined on periodic basis according to the prevailing
undertaking of their duties and responsibilities;
regulations.
3. To ensure the implementation of GCG Principles at
In 2019, the Board of Directors has reviewed and
all levels of the organization.
updated the Charter of the Board of Directors as
part o the annual review and has made amendments
Deputy President Director
according to the latest regulations as a public
1. To lead and directly supervise the functions of company.
Information Technology; Operations, Information
The latest Charter of the Board of Directors No.05/
Technology, Process Transformation & Agent
PedomanKerja/CSL/IV/2019 dated 1 April 2019.
Banking, Finance & Investor Relation, and provide
supervision for the Director in charge of Retail & The Charter of the Board of Directors covers:
Wholesales Funding, Multifinance & Partnership;
and 1. Organization;
2. Independency;
2. To assist the President Director in coordinating 3. Duties and Responsibilities of the Board of
and providing strategic policy direction to the Directors;
Directors under supervision. 4. Function of President Director;
5. Compliance Director;
6. Meetings; a) Had once not had held the Annual
7. Conflict of Interest; General Meeting of Shareholders;
8. Transparency/Disclosure;
9. Term of Office; b) Whose report of accountability as the
10. Report to the Parent Company; member of the Board of Directors
11. Relationship with Stakeholders; or the Board of Commissioners
12. Work Ethics; had once not been accepted by the
13. Office Hours; General Meeting of Shareholders or
14. Training; had once not submitted report of
15. Others. accountabilitty as the member of the
Board of Directors or the Board of
Commissioners to the General Meeting
The Composition and Criteria of the Board
of Shareholders; and
of Directors
c) Had caused the company – with license,
The Composition and Criteria of the Members of the
approval or registration from the
Board of Directors according to the Charter of the
Financial Services Authority – to fail
Board of Directors are, as follows:
to fulfill the obligation to submit the
1. The Minimum number of members of the Board of annual report and/or financial report to
Directors is 3 (three); the Financial Services Authority.

2. All members of the Board of Directors must be 5. All members of the Board of Directors are pledged
domiciled in Indonesia; to comply to the prevailing laws and regulations;

3. The Board of Directors is chaired by a President 6. All members of the Board of Directors shall have
Director; knowledge and/or expertise in the areas required
211
by Issuer or Public Company;
4. The person eligible to be appointed as the member
of the Board of Directors shall be individual 7. Compliance with the requirements referred to
who meet the following criteria at the date of in points 4 to 6 above must be contained in a
appointment and during his/her term of office: Statement Letter and submitted to the Bank.

a. Demonstrate good character of moral and 8. All members of the Board of Directors shall have
integrity; capability in Banking in general and in particular
in at least one of the areas of Sharia Banking
b. Is capable to perform legal action; and Finance, Economy, Human Resources, Legal,
Technology, Accounting or Audit:
c. During the last 5 (five) years prior to

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

appointment: a. One member of the Board of Directors shall be
appointed as the Compliance Director, to be
1) Had never been declared bankrupt;
responsible to ensure compliance to the Sharia
2) Had never been the member of the Board Principles, OJK/BI Regulations and other
of Directors or the member of the Board laws and regulations concerning Compliance
of Commissioners who have adjudicated to Director;
have caused bankruptcy of a Company;
b. The Compliance Director shall perform
3) Had never been sentenced for a criminal compliance function that is independent from
offense that had caused a financial lost to the operating unit;
the country and/or related to the financial
c. In performing the compliance function, the
system;
Director must be supported by people who
4) Had never been the Member of the Board at least is knowledgeable and/or capable in
of Directors or the member of the Board of Sharia Banking operation.
Commisioners with the following act during
9. All members of the Board of Directors must
his/her term of office:
have the capability to strategically manage
the company in order to develop a strong and
respectable Sharia banking;
 10. All members of the Board of Directors must have 18. The members of the Board of Directors are
the skills and knowledge in risk management prohibited from granting power of attorney to
implementation; other parties that shall escalate transfer of duties
and functions of the Board of Directors.
11. The Bank is obliged to convene a General Meeting
of Shareholders to replace member of the Board
The Independency and Diversity of the
of Directors who does not meet the requirement
Board of Directors
according to the prevailing regulations;

12. Any proposal for replacement and/or appointment The Independency of the Board of Directors
of the member of the Board of Directors by the
BTPN Syariah has complied with the laws concerning
Board of Commissioners to the General Meeting
the independency of the Board of Directors.
of Shareholders shall take into consideration
the recommendation of the Nomination and As of 31 December 2019, all the members of the Board
Remuneration Committee; Directors do not have financial relationship and
family relationship with the other members of the
13. The majority of the members of Board of Directors
Board of Directors, Board of Commissioners, Sharia
must have at least 4 (four) years of experience as
Supervisory Board, and/or Controlling Shareholders.
the Executive Officer in Banking one of which is
All members of of the Board of Directors have
as the Executive Officer in Sharia Bank or Sharia
performed disclosure of information and have
Business Units and its changes;
disclosed the relationship and management according
14. Every member of the Board of Directors must to prevailing regulations.
meet the requirement to pass the fit and proper
Independency of the Board of Directors in BTPN
test in accordance to the Financial Services
Syariah refers to the Charter of the of the Board of
Authority regulation;
212 Directors that governs as follows:
15. The members of the Board of Directors are
1. The Board of Directors must be independent as
prohibited to hold multiple positions as the
stipulated in the GCG Policy;
member of the Board of Commissioners,
the member of the Board of Directors or 2. The President Director must be from a party
Executive Officer in other Bank, company and/ independent to the Controlling Shareholder;
or other institution, except under the following
circumstances: 3. The independency criteria according to
Bank Indonesia Regulation concerning GCG
a. Director who is responsible to oversee Implementation for Sharia Bank is a party who
the Sharia Bank’s placement in subsidiary does not:
company by performing functional duties as
the member of the Board of Commissioners in a. have any financial relationship, management,
the non-bank subsidiary company controlled by share ownership and/or family relationship
the Sharia Bank; and/or with the controlling shareholder, the other
members of the Board of Commissioners, and/
b. Director holds position in the maximum of 2 or the members of the Board of Directors;
(two) non-profit institutions.
b. Financial relationship and/or relationship of
16. The members of the Board of Directors, either share ownership of Sharia Commercial Bank.
individually or jointly, are prohibited from having
ownership of more than 25% (twenty five percent) 4. The Bank is obliged to have at least 1 (one)
of the paid up capital of the Bank and/or other Independent Director appointed through General
company; Meeting of Shareholders as stipulated in the
Regulation of Indonesian Stock Exchange No.
17. The majority of members of the Board of Directors No. I-A Kep 00001/BEI/01-2014 concerning the
are prohibited from having a family relationship up Company Regulation No.I-A Listing of the Equity
the second grade with the other members of the Shares and Securities other than the Shares Listed
Board of Directors and/or with the members of by Listed Companies.
the Board of Commissioners;
5. The Independent Director as stipulated in Point (4) Resolution Deed No. 57 dated 16 November 2017
must at least fulfill the following requirements: stating that the shareholders of BTPN Syariah who
have represented all the issued and paid up shares
a. Does not have affiliation relationship with have made a resolution without convening General
the Controlling Company for at least 6 (six) Meeting of Shareholders, one and the other, as stated
months prior to the appointment as the in the Circular Resolution of Shareholders taken to
Independent Director; substitute the Extraordinary General Meeting of
Sharehodlers PT Bank Tabungan Pensiunan Nasional
b. Does not have affiliation relationship with the
Syariah dated 16 November 2019, have appointed an
other members of the Board of Commissioners
Independent Director, that is the President Director.
or the Board of Directors;
The term of office of the Independent Director is 2
c. Does not hold dual position in other Companies; (two) periods consecutively.

d. Is not an insider of the capital marketing The determination of the Composition of the Board
supporting institution or profession whose of Directors is made by taking into consideration the
services are engaged by the Bank for at least complexity and the need of the Bank. The composition
for the period of 6 (six) months prior to the of the Board of Directors is based on the banking
appointment as the Independent Director; knowledge, expertise, professional experience, and
background to support the effectiveness of the
The Diversity of the Board of Directors undertaking of duties of the Board of Commissioners
without differentiating gender, ethnicity, race and
All members of the Board of Directors BTPN Syariah religion.
are appointed by General Meeting of Shareholders
taking into consideration the recommendation from At present, the total members of the Board of
the Nomination and Remuneration Committee and Directors BTPN Syariah is 5 (five) persons, of which 1
have passed the requirement of fit and proper test (one) members of the Board of Directors is woman as 213
from Financial Services Authority. the President Director.

The terms of office of the Board of Directors BTPN All members of the Board of Directors BTPN Syariah
Syariah is until the closure of Annual General Meeting have fulfilled the number, composition, criteria, and
of Shareholders BTPN Syariah in 2020, without independency according to the prevailing regulations.
reducing the possible changes that may happen prior
to the end of such term of office. The Composition of the Members of the
Board of Directors
According to the Board of Directors Decree of
the Indonesian Stock Exchange No. KEP-00001/ In 2019, there were no changes in the composition of
BEI/01-2014 and according to the Shareholders the members of the Board of Directors BTPN Syariah.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

The composition of the members of the Board of Directors BTPN Syariah as of 31 December 2019 is, as follows:

Name of Director Position Approval Date from OJK Effective Date

Ratih Rachmawaty President Director/ 7 March 2017 - (KEP-38/D.03/2017) As 7 March 2017

Independent President Director

24 February 2014 - (KEP-13/D-03/2014) As 14 July 2014

Deputy President Director
Mulia Salim Deputy President Director 14 June 2017 - (KEP-101/D.03/2017) 1 July 2017
Taras Wibawa Director 9 September 2015 - (KEP-57/D-03/2015) 9 September 2015
Siregar
M. Gatot Adhi Director 24 February 2014 - (KEP-16/D-03/2014) 24 February 2014
Prasetyo
Arief Ismail Compliance Director and 22 August 2017 - (KEP-69/D.03/2017) 22 August 2017
Director in Charge of
Corporate Secretary

All members of the Board of Directors BTPN Syariah have fulfilled the requirements as the members of the Board
of Directors according to the prevailing regulations.
 Dual Positions of the Members of the 6. Cambridge Islamic Finance Leadership
Board of Directors Programme oleh Cambridge IFA attended by the
President Director on 7 -12 Juli 2019 di Cambridge,
With regard to the disclosure of dual position of Inggris;
the Board of Directors as of 31 December 2019, the
Board of Directors BTPN Syariah do not hold any dual 7. Training Center for Creative Leadership -
position as the member of Board of Commissioners, Leadership at the Peak Centre of Creative
Board of Directors and Executive Officers in the other Leaderhip (CCL) attended by the President
banking institution, company or other institution Director on 15-19 Juli 2019 in Singapore;
that are exceeding the maximum limit allowed by the
8. Refreshment Macroeconomic Condition and other
prevailing regulations.
Issues relevant for BTPN Syariah attended by the
Board of Commissioners and Board of Directors
Orientation for the Board of
on 5 August 2019 in Jakarta;
Commissioners
9. Refreshment Macroeconomic Condition and other
The President Director shall ensure that all the newly
Issues relevant for BTPN Syariah attended by the
apppointed members of the Board of Directors have
Board of Commissioners and Board of Directors
the necessary information related to the Bank in order
on 14 August 2019 in Jakarta;
to fulfill their duties and obligation. The Compliance
Director who is in Charge of Corporate Secretary is 10. Training Social Innovation in Action by
responsible to provide such information. The Economist attended by the Board of
Commissioners and Board of Directors on October
In 2019, there were no new member of the Board of
2019 in Thailand;
Directors taking the orientation program.
11. Training Center for Creative Leadership -
214 Other than orientation programs and introduction,
Leadership for Organizational Impact by Centre of
all members of the Board of Commissioner and
Creative Leaderhip (CCL) attended by Compliance
members of the Board of Directors have attended the
Director on 21 – 25 October 2019 di Singapore;
Refreshment Programs in 2019, that includes:
12. Seminar Winning in The Digital Age : Building
1. Seminar BTPN Power Up! by PT Bank BTPN Tbk
Digital and Agile Organization Capabilities by GML
attended by the Board of Commissioner on 21
Performance Consulting attended by President
February 2019 in Jakarta;
Director on 25 October 2019 in Jakarta.
2. Training Agile Way of Working by Griya MP
attended by the Board of Directors on 25 March The Accountability Report of the Board of
2019 in Jakarta; Directors

3. Refreshment Program for Banking Risk The Board of Directors is fully responsible for the
Management Certification Level 5 by Raharja management of the Bank. The execution of duties
Duta Solusindo attended by all members of the and responsibilities of the Board of Directors BTPN
Board of Directors on 30 April 2019 in Jakarta; Syariah in 2019 included amongst others:

4. Refreshment Program for Banking Risk 1. The Board of Directors monitored the Bank
Management Certification Level 2 by Raharja Performance and evaluated the business target
Duta Solusindo attended by 2 (two) members of achievement against the predetermined target
the Board of Commissioners on 30 April 2019 in and made new business initiatives;
Jakarta;
2. The Board of Directors prepared and approved
5. Refreshment Program for Banking Risk the Bank Business Plan 2020-2022, the Bank
Management Certification Level 1 by Raharja Sustainability Action Plan 2020-2024, and
Duta Solusindo attended by 1 (one) members of Sustainability Report to support the policy of
the Board of Commissioners on 30 April 2019 in the Financial Services Authority taking into
Jakarta; consideration the aspects of economy, finance,
social and environment;
3. The Board of Directors managed the Bank 12. The Board of Directors approved the rebranding
business activities in accordance to the principles of “Tepat” – Wujudkan Niat Baik Lebih Cepat
of Good Corporate Governance, which included (Realize Good Intention Faster) with the intention
amongst others, proposed to convene the Annual to improve brand awareness and as the forefront
General Meeting of Shareholders and Extra of the product names of BTPN Syariah to all
Ordinary General Meeting of Shareholders for stakeholders;
the approval of the Board of Commissioners
and followed up the Resolutions of the General 13. The Board of Directors has conducted Annual
Meeting of Shareholders according to the Public Expose 2019 for the Company Financial
prevailing regulations; Performance;

4. The Board of Directors reviewed the overall 14. The Board of Directors has followed up the
infrastructure of the Bank by means of Resolution of the General Meeting of Shareholders
amendment and refinement of internal policies by having bought back the the shares of BTPN
and procedures of the Bank according to the Syariah according to the prevailing regulations and
prevailing regulations; has fulfilled the obligation for timely disclosure of
information;
5. The Board of Directors monitored the
implementation of risk management, compliance 15. The Board of Directors approved the program
culture and internal control, and monitored the of giving back to the inspirational customers
implementation of anti-money laundering and and providing the other social programs to the
counter terrorism financing (AML/CTF) on regular customers and communities;
basis, anti-fraud through JAGA, as the form of
16. The Board of Directors ensures the readiness of
internal control and monitoring;
BTPN Syariah to move to Bank BUKU 2 to Bank
BUKU 2 organically.
6. The Board of Directors followed up the audit 215
findings and recommendation of internal audit
With regard to the Resolution of Shareholders
unit of the Bank, external auditor, inspection
in the Annual General Meeting of Shareholders
report of Financial Services Authority and/or
2019, the Board of Directors had implemented the
inspection report of other authorities;
Resolution of Shareholders, that amongst others is
7. The Board of Directors conducted evaluation the appointment of Public Accountant and Public
on the implementation of training program and Accounting Firm Siddharta Widjaja dan Rekan
DAYA program for customers and community (an Indonesian partnership and member firm of
empowerment; KPMG network of independent member affiliated
with KPMG International Cooperative) as the
8. The Board of Directors approved performance External Auditor that was appointed by taking into
bonus and salary adjustment for the employees; consideration the recommendation of the Audit

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Committee according to the Minutes of Meeting of
9. The Board of Directors approved training program Audit Committee No. MOM/KA/02/IV/2019 dated
for the Employees and the follow up actions for 22 April 2019 and had been approved by the Board of
development; Commissioners as stated in the Minutes of Meeting
of the Board of Commissioners No. MOM.003/MOM/
10. The Board of Directors developed the digital
CSL/IV/2019 dated 22 April 2019.
platform for the Employees in the field in order
to improve the effectiveness and efficiency of
services (operational excellence) by the Employees
to the customers by providing cash management
application, dashboard, and geotagging;

11. The Board of Directors approved the initiatives

for development and revitalization of human
resources through the programs to improve
employee engagement with the company that
amongst others included the implementation
of Flexi-Style, Flexi-Time, Employee Assistance
Program and the New Way of Working di BTPN
Syariah (NWW);
 The report of the appointment of Public Accontant and Public Accounting Firm for the purpose of auditing the
Annual Historical Financial Information on 31 December 2019, had been submitted by the Bank to the Financial
Services Authority Sharia Banking Supervision through the letter No. S.154/DIR/CSL/V/2019 dated 6 May 2019,
copy furnished to the Department of Banking Permit and Information. Such the report had been received by
Financial Services Authority with the receipt notification No. OJK-020652 dated 6 May 2019.

The Meeting of the Board of Directors and Meeting of the Board of Directors Inviting the
Board of Commissioners

Meeting of the Board of Directors and Meeting of the Board of Directors inviting the Board of Commissioners
have been conducted according to regulations. The schedule of the Meetings and the Agenda of the Board of
Directors in 2019 were approved by the Board of Directors in the Memorandum No. M.064/CSL/XI/2018 dated 13
November 2018.

According to the latest charter of the Board of Directors, the the Board of Directors is obliged to conduct regular
meeting with the Board of Commissioners as part of reporting the accountability in the following aspects:
strategic, financial, operational, internal control system, compliance, risk management and corporate governance.

All schedule, materials and minutes of meeting in 2019 have been distributed to all members of the Board of
Directors and the invitations have been administered well so as to comply with the provisions in the Articles of
Association and the Charter of the Board of Directors.

In 2019, the Board of Directors has conducted 27 (twenty seven) meetings, with physical attendance of 27 (twenty
seven) times.

The resolution in the Meetings of the Board of Directors was passed by deliberaton for mutual consensus. In 2019,
216
there were no dissenting opinion for all the meeting resolutions nor all the agenda items of the meeting.

The Meeting Policy of the Board of Directors

The Policy of the Board of Directors Meeting according to the latest Charter of Board of Directors is, as follows:

a. The Board of Directors shall convene the Board of Directors meeting on periodic basis at least once a month;

b. The Board of Directors can be convened if it is attended and represented by majority of all members of the
Board of Directors;

c. The Board of Directors shall convene Board of Directors meeting attended by the Board of Commissioners on
periodic basis at least once every 4 (four) months;

d. The Board of Directors shall schedule the meeting for the following year before the end of the accounting year;

e. In the meeting that is scheduled as contemplated in point (d), the meeting materials shall be distributed to the
meeting participants at the latest 5 (five) days before the date on which the meeting is to be held;

f. In the event that the convening of the meeting is not according to the initial schedule, the meeting materials
shall be distributed to the meeting participants at the latest before the meeting is convened;

g. Every policy and strategic decision must be decided through the Board of Directors meeting according to the
prevailing regulations;

h. The Board of Directors meeting is chaired by the President Director, or if the President Director is unable to
attend, by the other Director appointed in the Board of Directors meeting for which evidence to third party is
not required.
i. Decion making the Board of Directors meeting shall be taken by deliberation for mutual consensus;

j. In the event that deliberation for mutual consensus is not achieved, the decision making shall be administered
through majority votes;

k. All the decisions taken in the legitimately in the Meeting bind all members of the Board of Directors;

l. The dissenting opinion occurred in the meeting of the Board of Directors shall be recorded clearly in the
Minutes of Meeting including the reason for such dissenting opinion.

The Attendance of the Board of Directors in the Board of Directors Meetings

Meeting
Attendance
Director
Level Board of Commissioners inviting Board of Board of Directors inviting Board of
Directors Commissioners

Ratih Rachmawaty 25/27 4/6 4/4

Mulia Salim 25/27 6/6 4/4

Arief Ismail 25/27 6/6 4/4

Taras W. Siregar 25/27 4/6 3/4

M. Gatot A. Prasetyo 24/27 6/6 4/4

The Agenda of the Board of Directors Meetings 217

No Meeting Date Minutes of Meeting No. Meeting Agenda

1 7 January 2019 MOM.001/DIR/CSL/I/2019 1. Internal Audit Dashboard;

2. UPPN Update (July – December 2018);

3. DAYA & Communication Quarterly Update

4. Others (RUPS Update);

2 21 January 2019 MOM.003/DIR/CSL/I/2019 1. Profile Customer Funding Update (Non TUR);

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

2. ALCO Update;

3. Funding Business Performance;

4. Operation Dashboard;

5. Fraud Management Unit Quarterly Update;

 No Meeting Date Minutes of Meeting No. Meeting Agenda

3 11 February 2019 MOM.004/DIR/CSL/II/2019 1. Financial Scorecard (January 2019);

2. ALCO Updtae;

3. Business Committee Update;

4. Funding Business Performance;

5. Internal Audit Dashboard;

4 18 February 2019 MOM.005/DIR/CSL/II/2019 1. Risk Management Committee Update;

2. HC Dashboard (including HC Committee Update);

3. IT Dashboard (including ITSC Update);

5 13 March 2019 MOM.006/DIR/CSL/III/2019 1. Financial Performance (as of February 2019);

2. ALCO Update;

3. Business Committee Update;

4. Funding Business Performance;

5. Risk Management Committee Update;

218 6. HC Update;

7. Operation Dashboard;

8. Internal Audit Dashboard;

6 8 April 2019 MOM.007/DIR/CSL/IV/2019 1. Preparation for the Publication of Financial Statement

Q1 2019;

2. Internal Audit Dashboard;

3. Daya & Communication Quarterly Update;

7 29 April 2019 MOM.009/DIR/CSL/IV/2019 1. Compliance Quarterly Update;

2. Business Committee Update;

3. ALCO Update;

4. Funding Business Performance;

5. Fraud Management Unit Quarterly Update;

No Meeting Date Minutes of Meeting No. Meeting Agenda

8 9 May 2019 MOM.010/DIR/CSL/V/2019 1. Financial Performance April 2019 & KSI Update;

2. ALCO Update;

3. Communication Update;

4. Business Committee Update;

5. Funding Business Performance;

6. Internal Audit Dashboard;

7. Others: Plan for Extraordinary GMS 2019;

9 27 May 2019 MOM.011/DIR/CSL/V/2019 1. Risk Management Committee Update;

2. HC Dashboard Update (including HC Committee

Update);

3. IT Dashboard (including IT Steering Committee Update);

4. Operations Dashboard Update;

10 17 June 2019 MOM.012/DIR/CSL/VI/2019 1. Financial Performance & KSI Update (RBB Update);

2. ALCO Update;
219
3. Business Committee Update;

4. Funding Business Performance;

5. Internal Audit Dashboard Update.

11 24 June 2019 MOM.013/DIR/CSL/VI/2019 1. HC Dashboard Update

12 18 July 2019 MOM.013/DIR/CSL/VII/2019 1. Financial Performance & KSI Update (RBB Update)

2. Business Committee Update

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

3. Risk Management Committee Update

4. Fraud Management Unit Quarterly Update

5. Compliance Quarterly Update

6. UPPN Update

7. Daya & Communication Quarterly Update

8. Internal Audit Dashboard Update

 No Meeting Date Minutes of Meeting No. Meeting Agenda

13 5 August 2019 MOM.016/DIR/CSL/VIII/2019 1. Internal Audit Dashboard Update

2. ICAAP Update

14 12 August 2019 MOM.017/DIR/CSL/VIII/2019 1. Financial Performance & KSI Update

2. ALCO Update

3. Business Committee Update

4. Funding Business Performance

15 21 August 2019 MOM.018/DIR/CSL/VIII/2019 1. Risk Management Committee Update

2. HC Committee Update

3. IT Dashboard (Including ITSC) Update

16 16 September 2019 MOM.019/DIR/CSL/IX/2019 1. Financial Performance & KSI Update

2. ALCO Update

3. Bussiness Committee Update

4. Funding Business Performance

220
5. Internal Audit Dashboard

17 30 September 2019 MOM.020/DIR/CSL/IX/2019 1. Risk Management Committee Update

2. HC Committee Update

3. Operation Dashboard Update

4. Others

18 8 October 2019 MOM.020/DIR/CSL/X/2019 1. Internal Audit Dashboard Update

2. Daya & Communication Update

19 21 October 2019 MOM.023/DIR/CSL/X/2019 1. Business Committee Update

2. ALCO Update

3. Funding Business Performance Update

4. Fraud Management Unit Update

5. Compliance Quarterly Update

6. Ohers

20 11 November 2019 MOM.024/DIR/CSL/XI/2019 1. Financial Performance & KSI Update

2. Internal Audit Dashboard Update

3. Human Capital Update

No Meeting Date Minutes of Meeting No. Meeting Agenda

21 18 November 2019 MOM.025/DIR/CSL/XI/2019 1. BOD Approval for RBB 2020-2022

2. BOD Approval for RAKB 2020-2024

3. ALCO Update to the Board of Directors

4. Bussiness Committee Update

5. Funding Business Performance Update

6. Risk Management Committee Update

7. Operation Dashboard Update

22 10 December 2019 MOM.026/DIR/CSL/XII/2019 1. Internal Audit Dashboard Update

2. IT Dashboard (including ITSC) Update

3. Financial Performance & KSI Update

23 16 December 2019 MOM.027/DIR/CSL/XII/2019 1. ALCO Update

2. Business Committee Update

3. Funding Performance Update

4. HC Dashboard (Including HC Committee Update) 221

5. Approval BOD for the Board of Directors Corporate

Agenda 2020

6. CKPN Update to the Board of Directors

The Agenda of the Board of Directors Meetings inviting the Board of Commissioners

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

No Meeting Date Minutes of Meeting No. Meeting Agenda

1 16 January 2019 MOM.002/DIR/CSL/I/2019 1. Financial Performance December 2018 & KSI Update;

2. BOD Approval for Financial Statement Audited as of

31 December 2018;

3. Social Impact Scorecard December 2018;

2 22 April 2019 MOM.008/DIR/CSL/IV/2019 1. Financial Performance (Seeking the Board of

Directors and the Board of Commissioners Approval
for the Publication of Financial Reports Q1 2019);

2. Update Wa’ad SUKUK BI;

 3 22 July 2019 MOM.015/DIR/CSL/VII/2019 1. Seeking the Board of Commissioners Approval on the
Publication of Quarterly Financial Reports as of 30
June 2019

2. Update – Social Impact Scorecard (as of 30 June

2019)

4 18 October 2019 MOM.022/DIR/CSL/X/2019 1. Financial Performance Update (As of 30 September

2019);

2. Seeking the Board of Commissioners Approval on

the Publication of Quarterly Financial Reports as of
30 September 2019.

According to the Charter of the Board of Directors BTPN Syariah, that the Meeting of the Board of Directors
shall be held at least once a month; and that the Board of Directors must convene a meeting with the Board of
Commissioners on periodic basis at least once every 4 (four) months.

In 2019, the fulfillment of the number of meetings and the attendance of the Board of Directors in the meeting of
Board Directors was in compliance to the regulations.

The Board of Directors Meetings Schedule 2020

Referring to the Articles of Association BTPN Syariah, the Board of Directors had fulfilled the requirement
stipulated in the Articles of Association and the Charter regarding the preparation of the Agenda of the
Board of Directors Meetings in 2020 and the Agenda of the Board of Directors Meeting inviting the Board of
222
Commissioners in 2020, which had been approved before the end of the current accounting year.

Circular Resolution of The Board of Directors

According to the Articles of Association BTPN Syariah and the Charter, the Board of Directors can also make
legitimate decision without convening the Board of Directors Meetings, under the condition that all the incumbent
members of the Board of Directors are notified in writing and that all incumbent members of the Board of
Directors grant agreement for the decision by signing for agreement. The decision of the Board of Directors taken
with such mechanism has the similar legal power with the legitimate decision made in the Meeting of the Board
of Directors.

In 2019, the Board of Directors has issued 15 (fifteen) Circular Resolution, as follows:

No Number Date Concerning

1 No.001/CIR/DIR/I/2019 14 January 2019 Compliance Report for the Period of October-December 2018

2 No.002/CIR/DIR/I/2019 14 Januari 2019 Presentation of Risk Management Committee Material for the Period
of December 2018

3 No.003/CIR/DIR/II/2019 4 February 2019 Proposal to Convene the Annual General Meeting of Shareholders
(AGMS) for the Accounting Year Ended 31 December 2018

4 No.004/CIR/DIR/II/2019 4 February 2019 Presentation of ICAAP for Q4 2018 (October-December 2018)

5 No.005/CIR/DIR/III/2019 18 March 2019 Proposal for the Appointment of Public Accountant and/or Public
Accounting Firm for the Accounting Year Ending 31 December 2019

6 No.006/CIR/DIR/IV/2019 15 April 2019 Presentation of Risk Management Committee Material for the Period
of March 2019
 No Number Date Concerning

7 No.007/CIR/DIR/V/2019 7 May 2019 Plan to Buyback the Shares Issued by the Company

8 No.008/CIR/DIR/V/2019 7 May 2019 The Convening of Extraordinary General Meeting of Shareholders 2019

9 No.009/CIR/DIR/VII/2019 22 August 2019 Presentation of Funding Business Performance as of June 2019

10 No.010/CIR/DIR/VII/2019 22 July 2019 Presentation of ALCO Material as of June 2019

11 No.011/CIR/DIR/VII/2019 22 July 2019 Presentation of Operation Dashboard as of June 2019

12 No.012/CIR/DIR/VIII/2019 5 August 2019 Proposal for the Resolution for the Agenda Item of the Extraordinary
General Meeting of Shareholders 2019

13 No.013/CIR/DIR/IX/2019 2 September 2019 Proposal for the Changes of the Composition of Members of
Remuneration and Nomination Committee 2019

14 No.014/CIR/DIR/X/2019 15 October 2019 Presentation of Financial Performance & KSI Update (RBB Update)
and the Board of Directors Approval for the Numbers of the
Publication of Quarterly Financial Reports as of 30 September 2019

15 No.015/CIR/DIR/X/2019 16 October 2019 Presentation of Risk Management Committee Material for the Period
of September 2019

The Performance Appraisal of the Board of Directors

• The Board of Directors is obliged to review the performance of the management performed by the Board of
Directors for respective financial year and report its to the shareholders at least once a year;
223
• As part of the performance evaluation, the Board of Directors shall ensure the fulfillment of composition and
qualification regarding the effectiveness of the the Board of Directors function taking into consideration the
recommendation and input from the Board of Commissioners;

• The Board of Directors performance evaluation report is presented to the shareholders in the General
Meeting of Shareholders and is presented in the Annual Report;

• The evaluation of the Board of Directors performance is conducted by the Nomination and Remuneration
Committee based on the input from the President Director;

• The result of the performance evaluation of the member of the Board of Directors is used as one of the reference
in the determination of nomination and remuneration for the respective member of the Board of Directors.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

The Procedures of the Performance Evaluation of the Board of Directors

The Board of Directors performance evaluation in BTPN Syariah is administered according to the predetermined
criteria by considering the duties and responsibilities according to the prevailing regulations and the Articles of
Association and the internal policies of the Bank.

Performance evaluation is conducted by means of self-asssessment every year to assess the performance of the
Board of Directors on collegial basis.

The Criteria of the Performance Evaluation of the Board of Directors

The self-assessment of the Board of Directors performance shall at least include the implementation of overall
business strategy and the Bank Business Plan, the risks of the Bank, good corporate governance implementation
and sharia principles implementation in the Bank.
 Remuneration Policy for the Board of Commissioners, the Sharia Supervisory Board and
the Board of Directors

The determination of remuneration and other facilities refers to the Resolution of Shareholders in the
General Meeting of Shareholders taking into consideration the recommendation from the Nomination and
Remuneration Committee.

In the determining the remuneration of each member of the Board of Commissioners, the Sharia Supervisory
Board and the Board of Directors, BTPN Syariah considers the overall performance, performance evaluation
of each member of the Board of Commissioners, the Sharia Supervisory Board and the Board of Directors,
fairness with the peer group within the Bank and in the banking industry and the Company capability. The
Company Performance as one of the factors in determining the remuneration for each member of the Board of
Commissioners, the Sharia Supervisory Board and the Board of Directors is described as follows:

PROPOSAL AND
REVIEW RECOMMENDATION DECISION

224

1. Survey to obtain 1. Based on the benchmark 1. The decision of the

remuneration benchmark data (External) and the Board of Commissioners
data for the Board of Company’s performance concerning the
Commissioners and the data (Internal), the remuneration for the
Board of Directors from Committee prepares members of the Board of
several banks in Indonesia. remuneration proposals Commissioners, the Sharia
As necessary, the and recommendations for Supervisory Board and the
Committee may appoint/ each member of the Board Board of Directors.
work with a Consultant/ of Commissioners, the
Independent Party in order Sharia Supervisory Board 2. General Meeting of
to obtain more valid data. and the Board of Directors. Shareholders approval on
the total remuneration
2. The Committee reviews the for the Board of
performance of the Bank Commissioners, the Sharia
which also represents the Supervisory Board and the
performance of the Board Board of Directors..
of Commissioners, the
Sharia Supervisory Board
and the Board of Directors
Remuneration Governance In the Bank performance management system, every
member of the Board of Directors and each individual
Remuneration Policy Development Process employee establishes individual performance target
as the basis to appraise individual performance. The
The objectives of the remuneration policy is to ensure invidual performance target of the Board of Directors
that the Bank provides remuneration according to the is also the the performance target of the respective
prevailing laws and regulation, the company financial directorate or working unit, cascaded layer by layer
performance, individual performance, fairness to from the Bank target to the working unit target and
the peer group within the bank and in the banking finally to the invidual employee target at the very
industry and the capacity of the Bank. bottom layer.

Remuneration review is conducted every year including The individual performance is measured against
the review for the remuneration for the Board of the realization of individual target and assessed in
Commissioners, the Sharia Supervisory Board, following category – Outstanding, Very Good, Good,
the Board of Directors and Employees. The routin Need Improvement, and Poor. The remuneration
remuneration review covers the fixed and variable adjustment is based on the individual performance;
remuneration. This review considers the following where the management provides the guidance of
factors: the fairness of the remuration according to the parameter of the remuneration adjustment for
the Bank capacity, comparison to the peer group both the fixed and variable remuneration according to the
within the Bank and across the banks from the same individual performance.
industry and regulation related to remuneration such
Minimum Wage and the Manpower Law. External Consultant 225

The current remuneration policy does not differentiate The Bank engages the services of external consultant
between the controlling unit and the controlled unit. A in order to get the remuneration data in the banking
mechanism is in place to ensure the independency of industry. The duties of external consultant is to get
the controlling unit and the controlled unit by means the data and information regarding the fixed and
of different performance indicator and the decision the variable remuneration for certain positions from
making of the remuneration for the controlling unit several banks of the similar business and operational
does not involve the controlled unit. activites. The data then is processed by the consultant
through remuneration survey followed by several
The Scope of the Remuneration Policy and banks; and/or internal research from consultants.
the Implementation

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Variable Remuneration
The employee remuneration policy is applied for
employees in all business units and regions, with its The variable remuneration comprises of Incentive and
implementation being administered and monitored Performance Bonus. Incentive is based on individual
centrally by the Head Office. performance and is provided to the employees in
sales positions. The incentive is to be paid monthly
Performance Indicator is Linked to and semesterly.
Remuneration
The performance bonus is based on the Bank
The Bank applies the principle of meritocracy in performance, the performance of the respective
the remuneration policy for the Board of Directors unit and the individual performance; and to be paid
and employees, both for the fixed and the variable in the following year. The performance bonus is the
remuneration. The review of the individual management discretion and is provided according to
remuneration is administered every year and the the Bank performance and financial condition. The
remuneration adjustment is made according to the performance bonus is paid annually to the employees
individual performance, fairness to the peer group who are not entitled for Incentive and to the Board
within the Bank and the company capability. of Directors.
 Remuneration Package and Facility Received by the Board of Commissioners, the Sharia
Supervisory Board and the Board of Directors

In Million

2019 2018

Headcount Amount Headcount Amount

The Board of Directors 5 39,522 5 29,800

The Board of Commissioners 5* 8,895 4 6,065

Sharia Supervisory Board 2 683 2 581

*) The calculation is based on 5 members of the Board of Commissioners since there was a replacement of the member of the Board of Commissioners

in the respective year.

226
The number of the Board of Commissioners, the Sharia Supervisory Board and the Board
of Directors receiving Fixed and Variable Remuneration for 1 (one) Year and the Total
Nominal Value

Fixed Remuneration Category

In Million

2019 2018

Headcount Amount Headcount Amount

The Board of Directors 5 17,047 5 14,787

The Board of Commissioners 5* 7,096 4 6,011

Sharia Supervisory Board 2 683 2 582

*) The calculation is based on 5 members of the Board of Commissioners since there was a replacement of the member of the Board of Commissioners
in the respective year.
Variable Remuneration Category

In Million

2019 2018

Headcount Amount Headcount Amount

The Board of Directors 5 20,820 5 14,900

The Board of Commissioners 5* 1,200 4 -

Sharia Supervisory Board 2 - 2 -

Employee Bonus 39,809 32,804

Employee Incentve 60,438 43,898

*) The calculation is based on 5 members of the Board of Commissioners since there was a replacement of the member of the Board of Commissioners 227
in the respective year.

The Total Amount of Deferred Variable Remuneration

In Million

2019 2018

Headcount Amount Headcount Amount

Deferred Bonus (gross) 5 4,005 - -

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Highest and Lowerst Salary Ratio

2019 2018

Ratio 81.2 80.6

 Remuneration for the Board of Commissioners, the Sharia Supervisory Board and the
Board of Directors

The determination of remuneration and other facilities refers to the Resolution of Shareholders in the General
Meeting of Shareholders taking into consideration the recommendation from the Nomination and Remuneration
Committee.

Type Remuneration and Other Amount Received in 1 (one) Year in Rupiah

Facilities
The Board of Commissioners The Board of Directors The Sharia Supervisory Board
Person Million Rupiah Person Million Rupiah Person Million Rupiah

Remuneration (salary, bonus, 5* 7,632 5 34,608 2 680

routine allowance, tantiem &
other facilities in cash form)
Other facilities received in
non-cash form (housing,
transportation, health
insurance, etc.)
a. Can be owned 5* 1,231 5 4,786 2 2.7
b. Cannot be owned 5* 32 5 128 2 0
Total 5* 8,895 5 39,522 2 683
*) Calculation is based on 5 Commissioners due to changes in the current year.

The total number of members the Board of Commissioners, the Sharia Supervisory Board and the Board of
228 Directors and receiving remuneration package in 1 (one) year grouped according to the income level, is presented in
the table below.

Total remuneration received Number of Members of Number of Members of Number of Members of

per person in 1 (one) year*) The Board of Commissioners The Board of Directors The Sharia Supervisory Board

Above Rp2 billion 1 5

Above Rp1 billion to Rp2 billion 2
Above Rp500 million to Rp1 billion
Below Rp500 million 2 2

* Received in cash.

Highest to Lowest Salary Ratio

Description Ratio

Highest to lowest employee salary ratio 81.2

Highest to lowest director salary ratio 1.6
Highest to lowest commissioner salary ratio 2.1
Highest Director Salary to Highest Employee Salary Ratio 2.2
Financial, Family and Management Relationship

Financial Relationship with Family Relationship with

Mangement
The Board of The Board Shareholders The Board of The Board Shareholders Relationship
Name Position Period Commissioners of Directors Commissioners of Directors

Ya Tidak Ya Tidak Ya Tidak Ya Tidak Ya Tidak Ya Tidak Ya Tidak

Kemal Azis President 2014 – - √ - √ - √ - √ - √ - √ - √

Stamboel Commissioner Present
/ Independent

Dewie Independent 2014 – - √ - √ - √ - √ - √ - √ - √

Pelitawati Commissioner Present

Mahdi Commissioner 2015 – - √ - √ - √ - √ - √ - √ - √

Syahbuddin Present

Yenny Lim Commissioner 2019 - - √ - √ - √ - √ - √ - √ - √

Present

H. Ikhwan Chairman 2017 – - √ - √ - √ - √ - √ - √ - √

Abidin, MA of Sharia Present
Supervisory
Board

H. Muhamad Member of Sharia 2017 – - √ - √ - √ - √ - √ - √ - √

Faiz, MA Supervisory Board Present

Ratih President 2017 – - √ - √ - √ - √ - √ - √ - √

Rachmawaty Director Present
/ Independent

Mulia Salim Deputy President 2017 – - √ - √ - √ - √ - √ - √ - √

Director Present

Taras Wibawa Director 2015 – - √ - √ - √ - √ - √ - √ - √ 229

Siregar Present

M. Gatot Adhi Director 2014 – - √ - √ - √ - √ - √ - √ - √

Prasetyo Present

Arief Ismail Compliance 2017 - - √ - √ - √ - √ - √ - √ - √

Director Present

The Implementation of Employee Stock Allotment (ESA) Program

ESA Program Policy

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

ESA Program in BTPN is part of the Initial Public Offering whereby each the employee who is entitled for such
program will get the allocation to buy the shares according to the fixed allotment of the offered shares.

As written in the Prospectus, the objectives of the ESA Program are: (i) to increase the motivation and sense of
belonging of the employees who contribute to the growth and long term profitablity of BTPN Syariah; (ii) to retain
the key employees and keep their best contribution to BTPN Syariah; (iii) to align the interests of employees and
the shareholders; and (iv) to encourage the employees to always deliver their best performance to BTPN Syariah.

The ESA Program is administered by granting the shares to BTPN Syariah employees who are entitled to
participate in the ESA Program. The employees who are intitled to participate in this program are BTPN Syariah
employees Grade 8 (Junior Assistant Manager) and above, all Business Managers, and all Senior Community
Officer listed on the employee data as of 31 December 2017; as stipulated in the (i) Board of Directors Circular
Decision taken apart from the Meeting of Board of Directors PT Bank Tabungan Pensiunan Nasional Syariah No.
019/CIR/DIR/XI/2017 dated 14 November 2017; and (ii) Minutes of Meeting of the Remuneration and Nomination
Committee No. MOM.003/RNC/XI/2017 dated 16 November 2017.
 The ESA policy is adherence to the regulations in BTPN Syariah, including the Company Regulation, Human Capital
Procedures and Code of Ethics.

Realization of ESA Program in 2019

In 2019, the lock up period of ESA BTPN Syariah was opened on 8 May 2019 and stipulated in the Decree of the
Board of Directors No. SK.004/DIR/HC/V/2019 dated 23 May 2018 concerning the Rules of Collective Sales of
ESA 2019.

BTPN Syariah facilitated the employees intending to sell the shares collectively through the securities company
Ciptana on 24 May 2019 by issuing the Decision of the Human Capital Committee as stated in the Minutes of
Meeting of the Human Capital Committee MOM/02/KHC/II/2019 dated 4 April 2019.

External Audit

In preparing the audit Financial Statements in 2019, BTPN Syariah Tbk. had appointend the Public Accounting Firm
registered in the Financial Services Authority, namely Siddharta Widjaja dan Rekan (an Indonesian Partnership and
member firm of the KPMG Network of Independent Member Firm affiliated with KPMG International Cooperative).
Such appointment of Public Accounting Firm was based on the authority of the Shareholders in Annual General
Meeting of Shareholders granted to the Board of Commissioners taking into consideration the recommendation
of Audit Committee. The total cost to prepare the audited Financial Statements was Rp1,325,000,000 (one billion
three hundred twenty five million rupiah) before 10% Value Added Tax.

230 The appointment of Public Accounting Firm Siddharta Widjaja dan Rekan (an Indonesian Partnership and member
firm of the KPMG Network of Independent Member Firm affiliated with KPMG International Cooperative) as the
external auditor was intended for the accounting book 2019.

In engaging the services of Public Accountant and Public Accounting Firm, there was no conflict of interest with
the auding services rendered for BTPN Syariah Tbk.

Such Public Accountant and Public Accounting Firm has completed the duties in independent manner according to
the standard of public accountant profession and in adherence to the working requirement and specified
audit scope.

The following is the Public Accounting Firms that have audited the Financial Statements of BTPN Syariah
since 2014:

Accounting Public Accounting Firm Public Accounting Accountant Accountant

Year Firm Period Period

2014 Tanudiredja, Wibisana, dan Rekan Albidin, SE, Ak, CPA

1
(a member of PwC Global Network)
2015 Tanudiredja, Wibisana, Rintis dan Rekan Albidin, SE, Ak, CPA
2
(a member of PwC Global Network)
2016 Tanudiredja, Wibisana, Rintis dan Rekan Drs.Muhammad Jusuf
5 1
(a member of PwC Global Network) Wibisana, M.Ec., CPA
2017 Tanudiredja, Wibisana, Rintis dan Rekan Drs.Muhammad Jusuf
2
(a member of PwC Global Network) Wibisana, M.Ec., CPA
2018 Tanudiredja, Wibisana, Rintis dan Rekan Angelique Dewi Daryanto,
1
(a member of PwC Global Network) SE, CPA
2019 Siddharta Widjaja dan Rekan Liana Lim, SE, CPA
(an Indonesian Partnership and
member firm of the KPMG Network of 1 1
Independent Member Firm affiliated
with KPMG International Cooperative)
Provision of Funds to Connected Parties
and Large Exposures

BTPN Syariah has consistently considered the The following table details the Provision of Funds to
capacity of capital and portfolio distribution/ Connected Parties and Large Exposures as of
diversification in providing loans, and in 2019 there 31 December 2019.
was no violation nor excess of Legal Lending Limit.
Amount
The provisions of funds to connected parties was No Provision of Funds Nominal
Debtor
administered according to the prevailing regulations. (in million Rupiah)

BTPN Syariah ensured that transactions with 1 To Connected Parties - -

connected parties were executed in a fair, independent 2 To Key Debtors
and appropriate manner (arm’s length). a. Individual 25 31,109
b. Group - -

Internal Fraud

Anti-fraud strategy is the commitment of the b. Perform identification of the fraud-prone

management of BTPN Syariah to prevent the areas in every process or activity performed
occurence of fraud by implementing a fraud control by Risk Taking Unit (RTU). This identification
system that is effective and sustainable. The fraud is submitted to RTU to apply control
control system provides the direction for the Bank mechanism through the implementation of 4 231
to control fraud through the management of the eyes principles to mitigate the occurrence of
following four pillars: fraud. In addition to that, the mechanism of
periodic employee rotation (especially MMS)
1) Prevention; and obligation for annual block leave is applied
2) Detection; to ensure that no employee is too long in the
3) Investigation, Reporting and Sanction; same position that increase the likelihood of
4) Monitoring, Evaluation, and Follow Up. the occurrence of fraud by the employee.

1. Prevention c. Implementation of Know Your Employee

Is a series of actions by the Bank in order to reduce principles in the phase both before and after
the potential of the occurence of fraud incidents, the admission of the employees. The before

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

including: employee admission phase is administered
through the selection process complete with
a. Developing the fraud-concious culture, by
the checking of the employee track record.
means of:
The after employee admission phase is
• Conducting anti-fraud training to all administered by monitoring the changes in
employees (induction training, refreshment behavior or life style that may indicate the
training, training for trainer) ; occurrence of fraud. Other than that, the Bank
• Anti-fraud campaign through media email, has built the fraud profiling measurement
video, poster; system to identify the employee profile with a
• Educate the customers to be aware of fraud. higher likelihood to commit fraud.
 2. Detection c. Sanction
Is the action by the Bank to identify and find the Based on the investigation report, the Bank
fraud incidents, that includes: imposes sanction to the fraudster through
the Fraud Committee Forum. The decision
a. Whistleblowing mechanism (“JAGA”) – that is made based on the result of investigation
is a media for the employee to report the and according to the prevailing company
allegation of fraud, through hotline services, regulation. The sanction is to create deterrent
email, SMS or letter. The Bank guarantee effect to the fraudster and prevent the other
the confidentiality of the identify of the employee to commit fraud.
whistleblower and followed up the report
4. Monitoring, Evaluation, and Follow Up
b. Inspection by Quality Assurance function and These are the instruments to monitor and evaluate
Internal Audit to the Bank process / activities, the fraud incidents and the necessary follow up
especially in the fraud-prone areas that are actions based on evaluation results, that amongst
considered to have a higher likelihood for the others include:
occurrence of fraud.
a. Monitoring
c. Build control and early detection mechanism The Bank monitors the follow up actions for
for the transaction, activities or other matters the fraud incidents according to the internal
that may indicate the occurrence of fraud and external regulations. The follow up includes
incidents. amongst others the implementation of anti-
fraud since the case is found, reporting through
3. Investigation, Reporting and Sanction
JAGA, implementation of investigation, report
Is the efforts of the Bank to find information,
of investigation result, decision of fraud
develop reporting system, and impose sanction
committee and the sanction imposed and the
for the occurrence of fraud, that amongst others
232 recording of loss and recovery.
include:
b. Evaluation
a. Investigation
All data of fraud incidents is documented and
Investigation is performed based on reports or
evaluation for improvement is performed to
finding of fraud indication, to obtain complete
the process that is considered fraud prone.
and accurate information on that matter.
Investigation is performed by certain party c. Follow Up
with authority, competency and independency. The Bank improve the weakness and
strengthen the control system the prevent
b. Reporting
the repeated occurrence of similar fraud in
Reporting is administered after the
the future and prioritize the preventive action
investigation is finished and all information
to minimize and prevent the repeated the
is completed. The report is submitted to
ccurrence of fraud.
Management and to the Regulator according
to the prevailing regulations.
Code of Ethics

The Code of Ethics of BTPN Syariah is the guidelines of conduct for the Board of Commissioners, the Sharia
Supervisory Board, the Board of Directors, Independent Parties and all Employees in the undertaking of duties,
authorities, obligation and responsibilities in making decision to be consistent with the Values, Vision and Mission
of BTPN Syariah, Laws and the other related regulations.

These are the standard of conduct that are appropriate, fair and reliable for all individuals in the Bank in the
execution of business activities including the interaction with stakeholders.

The Guidelines of Conduct as stated in the Code of Ethics include amongst others:

1. Vision, Mission, Company Values, Objectives of the Code of Ethics and the Scope of Code of Ethics;
2. Compliance and Risk Management;
3. Conflict of Interest;
4. Creating a Conducive Working Environment (including Fair Treatment to all Employees, Anti Discrimination
and Harassment, Safety in the Workplace, the Use of Company Facilities, Outside Company Activities, the Use
of Social Media);
5. Information Management and Security;
6. Relationship with Customers and Stakeholders (that include Customer Relations, Vendor Relations, Regulator
Relations, Bribing and Corruption, Gift and Receiving Gift, and Anti Money Laundring);
7. Code of Ethics Enforcement (covers Roles and Responsibilities, and Code of Ethics Violation)

Code of Ethics Enforcement

BTPN Syariah is committed for Code of Ethic enforcement as one way of implementing good corporate
233
governance and build employee behavior according to ethical standards.

The continuous and sustainable implementation of the Code of Ethics in the form of attitude, action and
commitmet and regulation will support the creation of Company Culture.

The code of ethics enforcement is amongst others implemented through the socialization of Code of Ethics
through email-blast to all Employees and the Employees will respond by accepting and implementing the Code of
Ethics to their best effort.

The dissemination of the Code of Ethics is also administered by distributing the Code of Ethics books to all
Employees during the Induction Program to Executie Employees and New Employees. The Code of Ethics
Socialization is continuously conducted on periodic basis. All Employees are obliged to understand and implement

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

the Code of Ethics of BTPN Syariah.

BTPN Syariah imposes strict sanction for every deviasion, abuse and violation of the Code of Ethics.

Whistle Blowing

BTPN Syariah is committed to provide facilities for employees or other parties intending to report any allegation of
fraud incidents through Whistle Blowing System called “JAGA” (Jalankan, Awasi, Gali, Ajukan Laporan – Execute,
Control, Probe and Report). The reporting of fraud allegation can be administeres through the media: hotline,
email, letter, and SMS. BTPN Syariah encourages the employees to report every allegation of fraud through media
JAGA while providing guarantee for the confidentiality and safety of the information provider or whistleblower.

The mechanism is governed in the operational procedures of the Whistle Blowing. Periodically, this procedures
is reviewed and updated to ensure its relevance to the latest condition of the Bank as well as the internal and
external regulations.
 JAGA Whistleblowing Escalation Process

Reporting Addressed Investigation and

Media to Follow Up

Audit
Related to Fraud
Investigative
(RTU/Internal Audit)

Fraud
Management Forum of
Unit (FMU) Fraud Committee
to Impose
Selection

Confirmation
to Information
Non Fraud
Provider
(Case Closed)

234

Litigation Case

Litigation Case is the Criminal and Civil Law Case that proceed to the legal process. In 2019 there were not any
civil nor criminal law cases that significantly impact the financial situation of BTPN Syariah.

Conflict of Interest

Conflict of interest is condition occurs when there are disputes between the Bank’s economic interests and the
personal economic interests of the Board of Commissioner, Boards of Directors, Controlling Shareholders or any
affiliated parties from the Board of Commissioner, Boards of Directors or Controlling Shareholders.

In 2019 there is no transaction with conflict of interest in BTPN Syariah.

Provision of Funds for Social Activities and Revenue of Halal and Non-Halal Funds

According to the Circular of Bank Indonesia No. 12/13/DPbS dated 30 April 2010 concerning GCG Implementation
for Sharia Commercial Bank and Sharia Business Unit, BTPN Syariah is obliged to disclose the Non-Halal Revenue
and its utilization in the Sharia Bank in the Annual Report of GCG Implementation.

The Non-Halal Revenue as the source of funds for social activities of BTPN Syariah includes:
1. Revenue from current account services received by the Bank from maintaining current account in
Conventional Bank;
2. Revenue from account closing before maturity.
Report of Source and Utilization of Benevolence Funds PT Bank Tabungan Pensiunan
Nasional Syariah Tbk as of 31 December 2019:

31 December 2019 31 December 2018

Balance of Benevolence Funds in the Beginning of 443 547

the Period
Source of Benevolence Funds
a. Infak - -
b. Sedekah - -
c. Return of Productive Benevolence Funds - -
d. Penalty 63 94
e. Non-Halal Revenue 542 141
f. Others
Total Source 605 235

Utilization of Benevolence Funds

a. Productive Benevolence Funds - -
b. Donation - -
c. Other utilization for public 396 339
Total Utilization 396 339
235
Increase (decrease) of Benevolence funds 209 (104)
Balance of Benevolence Funds in the End of the Period 652 443

Internal Control System

The framework for risk management and internal control in BTPN Syariah applies the three lines
of defense approach.

Futher elaboration of the risk management and internal control is presented in the Risk
Management section of this Annual Report.

Access to Company Information PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

BTPN Syariah provides all stakeholders with the access to information related to the Bank
through communication media such as press release, Public Expose and Analyst Briefing. Other
than that, BTPN Syariah provides information about the products and services, offices network,
financial reports, annual report, report of DAYA implementation, corporate actions, and other
information in the website www.btpnsyariah.com.
 self assessment of GCG implementation

Self Assessment Report

Good Corporate Governance Implementation
PT Bank Tabungan Pensiunan Nasional Syariah Tbk (“BTPN Syariah”)

The summary of the composite value calculation of the self assessment of BTPN Syariah as of 31 December 2019 is
presented in the table as follows

Self Assessment of Good Corporate Governance Implementation

Rank Definition of Rank
Individual 2 Good
Consolidated - -

1. Overview of Good Corporate Governance/GCG Implementation

Good Corporate Governance (GCG) in BTPN Syariah has been implemented within the right corridor according
to the prevailing regulations, both the Public Companies Regulations and the Sharia Commercial Bank
Regulations, in line with the Vision and Mission of the Bank “Together, we create opportunities for growth and
236 a more meaningful life; and to be the Best Sharia Bank for financial inclusion making a difference in the lives of
millions of Indonesian people”.

In fulfilling this commitment, BTPN Syariah always upholds the rights of the stakeholders and sustainably
manages to keep BTPN Syariah accountable and transparent while continue to earn the trust of the
shareholders and investors by implementing the GCG Guidelines for public companies, taking into
consideration the development in the financial sectors and industries and the scale and complexity of a Sharia
Commercial Bank, in line with the objectives of GCG Implementation in BTPN Syariah, that is – to build a
healthy and solid sharia banking industry in order to protect the interests of various stakeholders, to improve
compliance to prevailing regulations and the generally accepted ethical principles in sharia banking industry.

In 2019, BTPN Syariah delivers increasingly better performance with improved quality of GCG implementation
and Alhamdulillah, Praise to the Lord, BTPN Syariah is privileged to earn the trust of several institutions and
receives several awards from a number of parties, both the Authorities and the external institutions.

The standard quality of GCG implementation through the supervisory function by Internal Audit, Compliance,
Governance and Risk Management has been running well and ensures the delivery of the Bank commitment for
implementation integrated governance in Financial Conglomeration in joint efforts with the Parent Bank.

The Standard quality of GCG Implementation is also applied by means of consistently strengthening the
character of every employee in BTPN Syariah with the implementation of principles of GCG embodied in every
layers of the organization, every business and operational activities of the Bank. Sustainably, BTPN Syariah is
committed to minimize the number of frauds in the organization by conducting routin socialization program
and followed up every complaint according the prevailing regulations. Strengthening the character is also
implemented by establishing a common identify in BTPN Syariah #bankirpemberdaya (bankers who empower),
whereby every Employee is committed to keep a positive working environment, create opportunities to grow
and a more meaningful life; and together take the steps to leave a legacy of excellent achievement by realizing
the good intention faster #tepat #deminiatbaik.
The Board of Directors, the Board of Commissioners and the Sharia Supervisory Board as the organs of
the Bank were considered to have implemented the GCG principles by means of active supervision of the
Board of Commissioners and the Sharia Supervisory Board supported by the Board of Commissioners’
Committees. The Board of Directors had performed the management function supported by the Board of
Directors’ Committee and the other Divisions established in BTPN Syariah through a measured, structured
and accountable mechanism, in line with GCG principles. All the organs of the Bank partipated to ensure the
compliance of operational activities with GCG implementation and Sharia principles in all Branches, Functional
Operational Offices, Functional Non-Operational Offices, Wisma and customers centers through periodic
visits and supervision.

As part of the commitment to strengthen the supporting organ of the Bank, the new Independent member
who at the same time is also member of Audit Committee and Risk Monitoring Committee replaced the
member of the committee whose terms of office have ended. The strengthening of the Bank Organ is also
implemented by changing the composition of members of the new Board of Commissioners, with background 237
in finance, accounting, risk management, operations and business conglomeration to strengthen the current
composition and strengthen the composition of Remuneration and Nomination Committee BTPN Syariah.

From the perspective of adequacy of processes of identification, measurement, monitoring and controlling
risks and risk management information system, BTPN Syariah has fulfilled the process adequacy, by which the
Bank has had good capital adequacy ratio. The Bank has also had the Operational Risk Management System
(ORMS) to manage and control operations risk where all risk events are registered, governed and analyzed to
anticipate the possibility of the the recurring of such risks in the future.

The internal control system in BTPN Syariah has been implemented well and consistently BTPN Syariah
operated 3 lines of defense to perform internal control through the functions of Quality Assurance, Risk

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Management Unit, Compliance Unit and Internal Audit Unit; where all the result of those supervision is
reported to the Board of Directors and the Board of Commissioners and have been followed up for the
improvement of the Bank performance.

In 2019, BTPN Syariah has ensured the Bank has adequate policies and procedures as the guidelines in the
undertaking of the business activities. Maintenance of all the internal regulations is made regularly to ensure
that all the bank activities is performed according to the regulations and sharia principles.
 2. Overall GCG Implementation of the Bank from the b. The Board of Directors
Governance Perspective in BTPN Syariah.
1) The fulfillment of number,
composition and competency of the
Governance Structure
Board of Directors is in accordance
To support the fulfillment of the to the prevailing regulations.
implementation of good corporate governance, At present, the total number of
the structure and infrastructure of BTPN the Board of Directors is 5 (five)
Syariah has been developed according to the persons. One the members of the
prevailing regulations. Board of Directors was appointed
as the Compliance Director and
Such governance structure of the Bank Director in Charge of Corporate
includes amongst others: Secretary in accordance to the
prevailing regulations. The scope
A. The Structure of the Bank’s Organ, that is
and division of duties of the Board
the Board of Commissioners, the Board of
of Directors is stipulated in the
Directors and the Sharia Supervisory Board
Decree of the Board of Directors;
a. The Board of Commisioners the President Director in BTPN is
also the Independent Directors;
1) The fulfillment of number,
composition and competency of 2) All members of the Board of
the Board of Commisioners BTPN DIrectors have passed the fit and
Syariah is in accordance to the proper test and have obtained
prevailing regulations. At present, approval letter from the Financial
the total number of the Board of Services Authority;
238
Commisioners is 4 (four) persons,
3) The Board of Directors has already
of which 2 (two) persons are
had the Charter that has been
Independent Commissioners. One
updated on periodic basis;
of the members of the Board of
Commisioners was appointed as the 4) The Board of Directors is transparent
President Commissioner according with regard to shares ownership
to the prevailing regulations; and dual positions according to the
prevailing regulations;
2) All members of the Board of
Commisioners have passed the fit c. The Sharia Supervisory Board
and proper test and have obtained
approval letter from the Financial 1) The fulfillment of number,
Services Authority; composition and competency of
the Sharia Supervisory Board is
3) The Board of Commisioners has in accordance to the prevailing
already had the Charter that has regulations. At present, the total
been updated on periodic basis; number of the Sharia Supervisory
Board is 2 (two) persons, of which 1
4) The Board of Commisioners is
(one) person was appointed as the
transparent with regard to shares
Chiarman of the Sharia Supervisory
ownership and dual positions
Board;
according to the prevailing
regulations; 2) The Sharia Supervisory Board is
in compliance to the prevailing
5) Strengthening the diversity of
regulations in terms of composition,
the composition of the Board
number, expertise, competency and
of Commisioners in 2019 was
independency;
implemented by having a
new member of the Board of
Commisioners with finance and
risk management background, to
replace one resigned member of the
Board of Commissioners.
 3) The Sharia Supervisory Board has and Remuneration Committee
already had the Charter that has and Risk Monitoring Committee
been updated on periodic basis; have submitted the result of the
undertaking of duties to the Board
4) To support the undertaking of duties of Commissioners’ through the
and responsibilities of the Sharia Board of Commissioners Meetings
Supervisory Board, BTPN Syariah and the reports of the Board of
has appointed 2 (two) officers with Commissioners’ Committee to
competency in sharia finance to the Board of Commissioners. In
assist the logistics; Semester II 2019, the Board of
Commissioners’ has approved
5) The Sharia Supervisory Board has
the changes of the composition
been provided with the facilities of
members of the Audit Committee,
working space, telephone and filing
Risk Monitoring Committee and
according to regulations.
Nomination and Remuneration
B. Completeness and Implementations of Committee with the new member
Duties of the Committees of the Board of Commissioners
and changes in the member of
a. The Board of Commissioners’ Committee Independent party to replace the
other Independent member whose
1) BTPN Syariah has established 3
term of office had ended, that had
(three) Committees of the Board
been implemented according to the
of Commissioners’, that is Audit
prevailing regulations. Transparency
Committee, Nomination and
of such membership is recorded in
Remuneration Committee and Risk
the Decreee of the Board of Directors 239
Monitoring Committee according to
and is published in the websites of
the prevailing regulations;
the Company. The changes of the
2) The Board of Commissioners’ member of the Audit Commmittee in
Committees have had the Charters particular, had been reported to the
that have been updated on periodic Authority according to the prevailing
basis; regulations.

3) The Board of Commissioners’ b. The Board of Directors’ Committee

Committees are in compliance to
1) BTPN Syariah has established 6 (six)
the prevailing regulations in terms of
Board of Directors’ Committees,
composition, number, expertise, and
including Business Committee,

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

competency;
Human Capital Committee,
4) The Integrated Governance Information Technology Steering
Committee that was established to Committee, Risk Management
implement the integrated governance Committee, Assets and Liabilities
in financial conglomeration with Committee, and Financing Policy
the areas of governance and risk Committee. The Committees
management jointly with the parent submitted reports of the
bank and the shareholder of the implementation of duties to the
parent bank that is included in the Board of Directors through the Board
financial conglomeration group, of Directors Meetings and other
with the members consisting of strategic meetings;
one of the members of the Board
2) The Board of Directors’ Committees
of Commissioners, 1 member of the
have had the Charters that have been
Sharia Supervisory Board and the
updated on periodic basis;
other member from the parent Bank;
3) The Board of Directors’ Committees
5) According to their functions, the
are in compliance to the prevailing
established Committees of the
regulations in terms of composition,
Board of Commissioners’, that
number, expertise, and competency;
is Audit Committee, Nomination
 c. Other Units 2) In semenster II 2019, there were not
any appointment, termination and/or
The establishment of the other resignation of the Director in charge of
Units for the purpose of business Compliance;
development, operations,
implementation of risk management 3) The human resources in the Compliance
and internal control has been done. Unit has the quality and fulfilled the
Such internal units of the Bank are minimum requirement for the human
Internal Audit Unit, Risk Management resources of Compliance Unit and
Unit, and Compliance Unit completed have gone through the training to
with the Business Team, Operations improve the competency of the human
Teams, Information Technology Teams, resources.
Human Capital, Legal, Finance and
Investor Relations and Communication E. Governance Structure in the Internal Audit
and DAYA. Unit:

C. Governance Structure to Govern Conflict 1) The organization structure of Internal

of Interest in BTPN Syariah: Audit Unit is in accordance to the
prevailing regulation, that is, directly
1) The govern conflict of interest, BTPN report to the President Director and
Syariah has developed policies and is facilitated communicate directly
procedures to settle conflict of interest with the Board of Directors through
that bind management and employees; the Audit Committee, other than that,
there is also communication line to the
2) The administration of the recording, Compliance Director;
documentation and disclosure of such
240
conflict of interest is administered in 2) The Internal Audit Unit has had the
the minutes of meeting; Standards for the Practice of Internal
Audit Function complete with Internal
3) The governance of conflict of interest Audit Charter and the audit risk-based
is also stipulated in the Charter of the policies and procedures. Internal Audit
Board of Commissioners and the Board Function is supported with competent
of Directors, and as for the Employees, human resources;
it is stipulated in the Code of Conduct;
3) Internal Audit Unit is independent from
4) There is not any intervention the operational units, as reflected in the
whatsoever from the Shareholders organization structure of the Bank;
or other parties that can create any
conflict of interest in BTPN Syariah; 4) The implementation of internal
audit function is in accordance to
5) In Semester II 2019, there were not any the prevailing regulations and has
conflict of interest in BTPN Syariah. been effective in creating BTPN as a
healthy Bank that is capable to grow,
D. Governance Structure in the
independent from the operational units
Implementation of Compliance Function
and in line with the Business Plan;
BTPN Syariah:
5) Training programs have been conducted
1) Compliance Unit operates independent
to improve the standard and quality
from the operational units. In the
of human resources through special
organization structure, the Compliance
certification for Auditor for the
Unit is separated from the operational
employees of Internal Audit Unit,
units and is not tasked with duties other
such as Certified Information
than compliance function;
Systems Auditor (CISA), Qualified
Internal Auditor (QIA), Certified Bank
Internal Audit (CBIA) and Chartered
Accountant (CA), etc.
F. Governance Structure for External Auditor: 2) The Information Technology Plan and
the Information Technology Policy
The process and reporting of the has been prepared, that governs the
appointment of Public Accountant and/ development of strategic plan for the
or Public Accounting Firm have been done development of information technology
through the procedures according to the in BTPN Syariah and aligned with
prevailing regulations. the four strategic initiatives of BTPN
Syariah according the Bank Business
G. Governance structure of Legal Lending
Plan including building operational
Limit:
excellence, improving the assets of
1) BTPN Syariah has had the procedures the Bank, exploring fee-based income,
that governs the Legal Lending Limit, and strengthen the organizational
the Provision of Financing Facilities to capabilities;
counterparty bank and non bank that
3) BTPN Syariah is committed to ensure
governs the the provision of funds to
the sustainability of operational
connected party and provision of huge
and business activities of the Bank
fund, including the monitoring and the
in emergency situation and has
settlement;
established Business Continuity
2) The Board of Commissioners has Management and Contigency Funding
granted the transaction limit authority Plan;
to the Board of Directors according to
4) As part of the best risk management,
the prevailing regulations.
BTPN Syariah has had the policies
H. Governance Structure for the Bank concerning Process Risk and Control
transparency, GCG implementation report and Risk Grading Matrix to identify and 241
and internal reporting: measure the operational potential in
every working units;
1) BTPN Syariah has had the policies and
procedures concerning transparency of 5) The availability of supporting policies
financial and non-financial condition; and procedures that are updated on
periodic basis every year or wherever
2) BTPN Syariah has submitted the deemed necessary to adjust to the
GCG Implementation Report to the prevailing regulations.
Authorities timely and according to
the prevailing regulations; and has Governance Process
prepared internal reports consistently

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

and prepared them completely and Good and effective governance process has
timely supported by competent human been administered by BTPN Syariah that
resources and adequate information amongst others includes:
technology.
A. The Implementation of Governance Process
I. Governance Structure of Other Matters: through the Supervisory Function of the
Board of Commissioners, included amongst
1) The Bank Business Plan has been others:
prepared in line with the Vision and
Mission of BTPN Syariah and has been 1) The appointment and/or replacement
submitted to the Financial Services of the Board of Commissioners
Authority on periodic basis. The has taken into consideraton the
strategic Plan of BTPN Syariah has recommendation from the Nomination
been reviewed and approved by the and remuneration Committee and has
Board of Commissioners; obtained approval from the General
Meeting of Shareholders. In 2019, there
was a change in the composition of the
Board of Commissioners;
 2) To support the undertaking of formulation in business competition,
duties, the Board of Commissioners ensured the readiness of adequate
has established the the Board of information technology, ensured the
Commissioners’ Committeee. The development of the human resources
appointment of the the Board of quality and other recommendation to
Commissioners’ Committee is based the Board of Directors in policy matters
on the decision of the the Board of that are necessary to be taken while
Commissioners declared in the Decree keep maintaining adherence to the
of the the Board of Directors. prevailing regulations;

3) The implementation of the supervisory 6) The Board of Commissioners also

function of the Board of Commissioners supervised the Board of Directors in
has been administered effectively and following up all the findings of internal
independently that amongst others audit and external audit and evaluated
through the meetings of the Board of the compliance function;
Commissioners, the meetings of the
Board of Commissioners’ Committee 7) The other supervisory function of
and the meetings of the Board of the Board of Commissioners was
Commissioners inviting the Board of performed through visits to the Branch
Directors and being present in the offices, functional offices, Mobile
meetings of the Board of Directors Marketing Sharia and centers to ensure
inviting the Board of Commissioners the good corporate governance is
that were conducted on regular implemented well in the field.
basis and documented well. The
B. The implementation of governance process
decision making in the meetings
242 through the supervisory function of the
were in accordance to the prevailing
Board of Directors included amongst
regulations.
others:
4) The Board of Commissioners has
1) The appointment and/or replacement
received the resulf ot the follow up of
of the Board of Directors has taken
the recommendation presented in the
into consideraton the recommendation
meetings from the related Unit taking
from the Nomination and remuneration
into consideration the recommendation
Committee and has obtained
of the Board of Commissioners. In the
approval from the General Meeting of
event that decision was made outside
Shareholders. In 2019, there was not
the meeting, the decision making
any change in the composition of the
outside the meetings of the Board
Board of Directors;
of Commissioners and the Board
of Commissioners’ Committee was 2) The establishment of the Board of
always administered according to the Directors’ Committee according to the
prevailing regulations and the Articles prevailing regulations;
of Association of the Bank;
3) The implementation of corporate
5) The Board of Commissioners has governance by the Board of Directors
performed supervision, provided advises has been performed well through the
and direction, monitored and evaluated meetings of the Board of Directors ,
the performance of the Board of the meetings of the Board of Directors’
Directors for the strategic policy of Committees and the meetings of the
the business and the integrated and Board of Directors inviting the Board
sustainable governance and ensured of Commissioners that have been
that the Bank applied the prudent routinely convened in an effective and
principles in the process of product efficient manner in accordance to the
development, strategi initiatives prevailing governance regulations;
 4) In the event that decision was made 2. The monitoring is implemented through
outside the meeting, the decision the meeting of the Committees that
making outside the Board of Directors were held on regular basis according to
meetings and outside the Board of the meeting agenda in accordance to the
Directors’ Committees meeting has regulations and the needs of the Bank;
always been in accordance to the the
prevailing regulations and the Articles 3. There was not any intervention to
of Association of the Bank; the undertaking of duties by the
Committtees in BTPN Syariah.
5) The Board of Directors performed
supervision to the overall operational D. The implementation of governance process
activities of the Bank by making routine through the Implementation of Duties of
visits to the field to ensure that good the Sharia Supervisory Board
corporate governance is implemented
1) The appointment of the Sharia
well in the Bank. The visits were also
Supervisory Board has taken into
intended as the media to capture the
consideration the recommendation
aspirations of the organization as
of the Nomination and Remuneration
one of the references in formulating
Committee and appointed by the
the strategic policies according to the
General Meeting of Shareholders;
business development of the Bank;
2) The implementation of governance
6) The Board of Directors was open to
process in the supervision aspect
the aspiration of the employees and
was also performed by the Sharia
take the aspirations into consideration
Supervisory Board. The duties and
in formulating the strategic policies
responsibilities of the Sharia Supervisory
according to the business development 243
Board were executed through the
of the Bank;
monthly meeting with certain agenda
7) The Board of Directors continuously that has resulted several opinions
followed up the recommendations of and recommendation of the Sharia
the Board of Commissioners that were Supervisory Board for every new
presented in the meeting of the Board products and services of the Bank;
of Commissioners, meeting of the
3) The Sharia Supervisory Board has
Board of Commissioners’ Committee
issued opinions and approvals for all the
and the meetings of the Board of
products developed by BTPN Syariah
Commissioners inviting the Board of
that were in adherence the fatwa of
Directors and have been administered
the National Sharia Board and the

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

well by the responsible Unit.
Indonesian Ulema Council.
C. The implementation of governance process
4) The Sharia Supervisory Board has
through the Implementation of Duties of
performed direct supervision to the
the Committees
Bank business activities by making
1. The Board of Commissioners routine field visits to the Branch
Committee and the Board of Directors’ Offices, Functional Offices, Mobile
Committee have performed the Marketing Sharia and the Centers
monitoring and evaluation processes to ensure the overall good corporate
according to the regulations in governance in the Bank was well
assessing the adequacy of internal implemented according to the Sharia
control that included amongst others principles in the process of acquisition
the adequacy of financial reporting and provisions of funds, and the Bank
processes, audit implementation, risk service delivery.
monitoring and remuneration and
E. The implementation of governance process
nomination policy, risk management,
by managing conflict of interest
information technology supervision,
Human Capital, Business, Financing There was not any conflict of interest in
Policy, and Assets & Liabilities in BTPN BTPN Syariah in semester II 2019.
Syariah;
 F. The implementation of governance process 8) The Compliance Unit has implemented
through the improvement of Compliance the relationship concept to build
Culture that included amongst others: the compliance culture at all levels
of the organization by improving
1) The Compliance Unit was independent the collaboration, coordination,
to the operational units and there was communication and synergy in line with
segregation of duties and function as the vision and mission of the Bank;
defined in the organization structure;
9) Compliance Risk Management has
2) The Director in charge of Compliance been implemented through a number
has submitted the compliance report of activities that amongst others
on periodic basis to the Board of include the supervision by the Board of
Commissioners; Commissioners, the Board of Directors
and the Sharia Supervisory Board
3) The Compliance Unit has
through a structured mechanism in the
implemented the relationship
meetings and visits; the policies and
concept for the Internalization of
standard operating procedures were
Regulators’ Regulations to be well
updated on periodic basis to ensure
implemented, as proven by no delay
their adherence to the the external
in the implementation of of external
regulations, compliance risk management
regulations into the internal regulations
process was administered well to ensure
and the more effective communication
the composite value of compliance risk
with the other divisions with respect
profile remained strong that reflected
to the obligation the implement the
the compliance culture that had
regulations;
been implemented well in the Bank,
244
4) BTPN Syariah has had the compliance the internal control system has been
policies and compliance standard implemented well as proven by the good
operating procedures that have been synergy amongst the supervisors so that
updated on periodic basis; compliance has always been improved.

5) Improvement to the governance system G. The implementation of governance process

for the regulations issued by the through Internal Audit Unit that included
regulators was communicated through amongst others:
the media Compliance Update and the
1) BTPN Syariah ensured that the role of
Progress Report that have always been
Internal Audit was always independent to
monitored;
the operating units;
6) The Compliance Unit took continuous
2) In the implementation of auditing
efforts to improve the quality of
process, Internal Audit Unit has
infrastructure to embrace various
implemented risk-based audit with the
changes by building the database of
scope covering governance process, risk
information of the latest regulations
management and internal control;
that were readily accessible for all
BTPN Syariah employees who needed 3) The Internal Audit Unit has updated
such information; the Internal Audit Manual according to
the prevailing regulations including the
7) The implementation of Anti Money
update according to the regulations
Laundering and Combating Terrorrism
of Financial Services Authority
Financing have been governed well
No.01/POJK.03/2019 concerning the
and embedded into the induction and
Implementation of Internal Audit
refreshment programs for all employees
Function in Commercial Banks;
of BTPN Syariah;
 4) The Implementation of Internal Audit is 2) There was adequate process to ensure
assessed on periodic basis by external that the provision of funds to connected
auditor once every 3 (three) years party and the decision making in such
and the result of the last Internal provision of funds was administered in
Audit BTPN Syariah assessment in independent manner.
2017 in general was in adherence to
the SPFAIB, PBI 9/15/PBI/2007 and J. The implementation of governance process
POJK 38/PPJK.03/2016 concerning the concerning the transparency of the Bank
Implementation of Risk Management condition, report of GCG implementation
using information technology for and internal reporting, that included
commercial bank limited for Internal amongst others:
Audit Function;
1) BTPN Syariah has implemented
5) The result of Internal Audit examination transparency concerning the financial
was reported to the stakeholders of and non-financial condition to
BTPN Syariah. stakeholders;

H. The implementation of governance process 2) Transparency of the procedures

through External Audit Unit that included of customers complaints and the
amongst others: settlement of customers complaints
were in accordance to the prevailing
1) BTPN Syariah has ensured that the regulations;
appointment of Public Accountant
and/or Public Accounting Firm was in 3) There were not any differences in the
adherence to the prevailing regulations, GCG factors in the self assessment
result.
referring to the Resolution of General 245
Meeting of Shareholders concerning the
K. Realization of the Implementation of
appointment of Public Accountant and/
Integrated Governance in BTPN Syariah
or Public Accounting Firm, taking into
consideration the recommendation of the In order to create the financial sector
Audit Committee; grows sustainably and stably with high
competitive advantage, the consistent
2) In general, the implementation of
implementation of good corporate
external audit function has been
governance in financial services sectors
executed according to the regulations of
always becomes one of the main priorities
Financial Services Authority, concerning
of BTPN Syariah.
the effective Implementation of Audit

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

by Public Accountant and/or Public The implementation of Integrated
Accounting Firm according to the Governance is the real manifestation of
minimum requirement stipulated by the the sustained and integrated commitment
regulations, the quality and scope of the of BTPN Syariah for the compliance
result of the public accountant was very to POJK No 17/POJK.03/2014 dated
good. BTPN Syariah ensured that the 18 November 2014 concerning the
implementation of Audit by the Public Implementation of Integrated Risk
Accountant and/or Public Accounting Management for Financial Conglomeration
Firm in 2019 was independent and and POJK No 18/POJK.03/2014 dated
fulfilled the required criteria. 18 November 2014 concerning the
Implementation of Integrated Governance
I. The implementation of governance process
for Financial Conglomeration to ensure
through the implementation of Legal
the implementation of control in various
Lending Limit that included amongst
financial sectors to anticipate the
others:
increasingly complex transaction and
1) BTPN Syariah has updated the policies, interaction amongst Financial Services
systems and procedures of the Legal Institutions.
Lending Limit;
 As part of the Financial Conglomeration, The implementation of sustainable finance
BTPN Syariah jointly with PT Bank BTPN in BTPN Syariah involved cross functional
Tbk (the parent Bank) has established and cross divisional collaboration at various
Integrated Governance tasked to perform levels. The Board of Commissioners,
evaluation by assessing the adequacy of the Sharia Supervisory Board and the
internal control and the implementation of Board of Directors participated in the
integrated governance. implementation and supervision of
sustainable finance and are committed
Further elaboration of the Integrated to provide the adequate supporting
Governance Committee is presented in infrastructure according to the Bank
the Committee Report of this Annual condition.
Report 2019.
The steps of sustainable GCG is to continue
L. Realization of the Implementation of encouraging the efforts to support the
Sustainable Governance in BTPN Syariah environmental sustainability by using the
environmentally friendly products.
In line with POJK No.51/POJK.03/2017
concerning the Implementation of Further elaboration of the Sustainable
Sustainable Finance for Financial Services Governance is presented in the BTPN
Institutions, Issuers and Public Companies, Syariah Sustainability Report 2019.
BTPN Syariah continued to strengthen the
commitment and initiate positive actions in
Governance Outcome
the implementation of sustainable finance
by preparing the Bank Sustainability The Board of Commissioners, the Board
Action Plan and initiated to submit the of Directors and the Sharia Supervisory
246 Sustainability Report one year earlier than Board are committed for the sustainable
that requirement for Bank BUKU 2 for business growth and consistently improve the
which the obligation to submit such report implementation of governance principles. All
will be due next year. aspects in the organization are collaborating
to ensure the sustained commitment for
In order to improve the resilience and
the implementation of the good corporate
competitiveness through social risk
governance in BTPN Syariah that have been
management and better environment,
executed well, including:
reducing social gap, reducing and
preventing environmental damages, A. The result of governance implementation
maintaining biodiversity, encouraging related to the organ of the Banks - the
the efficiency of the energy and natural Board of Commissioners, the Board of
resources utilization that required the Directors and the Sharia Supervisory Board
implementation of sustainable finance that included amongst others:
principles, BTPN Syariah is present
to deliver positive contribution to the 1) The corporate governance
stability of financial system in Indonesia accountability report by the Board of
by implementing financial inclusion since Commissioners, the Board of Directors
9 (nine) years ago, since the operation of and the Sharia Supervisory Board
BTPN Syariah as Sharia Business Unit in 2018 had been presented in the Annual
2010, that included the application of 6 Report for the Accounting Year ended
(six) objectives of Sustainable Development 31 December 2018 that had been
in BTPN Syariah, that is: submitted and well received by the
Shareholders in the Annual General
• Objective 1 – Poverty Meeting of Shareholders on
• Objective 4 – Quality Education 14 February 2019;
• Objective 5 – Gender Equality
• Objective 8 – Proper Occupation and 2) The Board of Commissioners, the Board
Economic Growth of Directors and the Sharia Supervisory
• Objective 10 – Reduced Gap Board have done the improvement of
• Objective 13 – Managing Climate skills, knowledge and capability;
Change
 3) All products developed by BTPN Syariah 3) Each of the Committee have performed
has obtaine the opinion and approval the functions according to the
of the Sharia Supervisory Board and in prevailing regulations.
adherence to the fatwa DSN/MUI;
C. The result of governance implementation
4) The process of acquisition of funds and related to managing conflict of interest,
provision of funds and service delivery that included amongst others:
of the Bank that had been reviewed
were in adherence to the Sharia 1) There was not any conflict of interest in
principles; BTPN Syariah in semester II tahun 2019;

5) The implementation of effective risk 2) There was not any intervention by any
management through risk management shareholders/connected parties/other
committee and risk monitoring parties that could create conflict of
committee; interest.

6) The Corporate Secretary, who is D. The result of governance implementation

also the Compliance Director, has related to the Compliance Function of
fulfilled the obligaton of disclosure of Sharia Commercial Bank, that included
information related to the condition of amongst others:
the Bank, by conducting press release
1) The obligation of the execution of
to the media and investor on regular
duties by the Compliance Director had
basis and publishing the information
been fulfilled according to regulations’
in the Websites of the Bank, including
amongst others Disclosure of 2) Reporting has fulfilled the minimum
Information concerning the Plan and standard required by the Financial 247
Convening of Annual General Meeting Services Authority;
of Shareholders and Disclosure of
Information concerning the Quarterly 3) There was no penalty in Semester II
Publication of Financial Reports and 2019.
other reporting obligation according to
E. The result of governance implementation
regulations;
related to the Internal Audit Function, that
7) Fulfillment of reporting obligation of included amongst others:
the corporation concerning the organ
1) Completeness of governance structure
of the Banks have been completed
and processes have generated good
according to regulations;
results, and the Board of Directors

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

8) Supporting the government program to encouraged the implementation of
develop the Financial Institution system adequate internal audit activities
that is environmentally friendly and and the follow up of the result of
sustainable. internal audit;

B. The result of governance implementation 2) In the implementation of the auditing

related to the Completeness and Execution process, Internal Audit Unit has
of Duties of the Committees, that included performed the duties objectively
amongst others: according the to the current bank
situation, the Internal Audit Function
1) The result of Committees’ meetings has been adequately implemented.
were summarized in the Minutes of
Meeting and were documented well;

2) In Semester II 2019, there were not any

dissenting opinions;
 F. The result of governance implementation 5) The External Audit Unit has been
related to the External Audit Function, that objective in performing the auditing
included amongst others: process and the audit result were in
accordance to the audit scope and
1) Audit result and Management letter has reflected the condition of BTPN Syariah,
represented most of the situations of the audit result has been submitted to
the Bank; Financial Services Authority timely.

2) The scope of audit result is in 6) The fulfillment of the duties and

accordance of audit scope and the obligation of the Risk Governance
auditor has been objective. Committee in the Board of
Commmisioners and the Board of
G. The result of governance implementation
Directors levels have performed active
related to the Legal Lending Limit, that
supervision to the implementation
included amongst others:
of risk management BTPN Syariah
1) Obligation to submit report to the through routine monthly meeting and
related party has been fulfilled the obligaton to prepare obligatory
according to the prevailing regulations; reports;

2) Report concerning the provisions of 7) Fulfillment of the obligation to conduct

funds to connected parties has been self-assessment once every 6 (six)
submitted according to the prevailing months;
regulations;
8) Fulfillment of the obligation of
H. The result of governance implementation Integrated Governance through
248 related to the transparency of the fulfillment of annual obligatory
condition of Sharia Commercial Bank, reporting and self-assessment once
GCG Implementation and reporting, that every 6 (six) months;
included amongst others:
9) BTPN Syariah has been transparent
1) In nurturing the compliance culture, in communicating information about
BTPN Syariah is committed to fulfilling the products and services, effectively
the reporting obligation to the Financial implemented the customers complaint
Services Authority and other related handling procedures and maintained
authority timely; the personal data and information
of the customers according to the
2) Build compliance awareness by doing prevailing regulations;
routine socialization of the new
regulations in order to reduce the 10) Fulfillment of the obligation of
violation to the prevailing regulations; disclosure of information for the
presentation Quarterly Financial
3) In the implementation of Internal Audit Reports Publication through online
Function, the Board of Directors has reporting system to the Regulator
ensured the availability of the report and announced to the public through
of the Bank internal audit function national-scale newspaper and published
implementation to be presented in in the Websites of the Bank that is
Annnual Report; mandatory for a Public Company;

4) The Internal Audit Unit has been 11) Fulfillment of the obligation of Annual
objective in performing the auditing Public Expose and submitted the report
process according to the audit through the online reporting system to
policy and procedures, taking into the Regulator and published it in the
consideration the risk level in each websites of the Bank;
unit and referring to the International
Standards for the Professional Practice
of Internal Audit Function;
 12) Fulfillment of the obligation related the company that amongst
of reporting the resulf of the others included the business model,
Implementation of the Corporate governance, the Bank Business Plan,
Action the Buy Back of the Shares Annual Report, and strategic discussion
of the Company according to the to support the fit and proper test for
prevailing regulations and administered the candidate member of the Board of
disclosure of information; Commissioners;

13) Fulfillment of the obligation of 3) The implementation of DAYA program

preparing the Bank Sustainability to provide training and services that
Action Plan on the Semester II 2019 and added value to the customers, as the
will prepare the Sustainability Report concrete effort the realize the social
in 2020, 1 (one) year earlier than the mission of BTPN Syariah. In 2019, the
mandatory schedule for Bank BUKU Bank has prepared various programs
2 for the submission of Sustainability and activities that integrated the social
Report. and business mission in the products,
services and daily activities dedicated
I. The result of governance implementation to serve the underprivilege families in
related to the performance of the Bank, Indonesia;
that included amongst others:
4) The availability of Incentive Programs
1) There was significant increase in for Employee Achievement;
the Company financial performance
compared to the year before; 5) The availability of Flexi-Style, Flexi-
Time, Employee Assistance Program
2) Recognized with several awards, both and implementation of New Way of 249
national and international, that proved Working in BTPN Syariah (NWW),
the rapid increase of the performance that allows the employees to choose
of BTPN Syariah. according to the time and working
requirement and priorities while
J. The result of governance implementation
remaining abide by the rules and
related to improvement of Human
regulations of the Company;
Resources quality, that included amongst
others: 6) The availability of post-graduate
scholarship for outstanding employees
1) In line with the development of
that fulfilled the passing criteria;
the business of the Bank, BTPN
Syariah has consistently developed 7) Implement agile as the new way of

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Human Resources in supporting the working for system development and
implementation of good corporate attract new talents for main platform
governance of the Bank sustainably by development process for employees
doing the induction program, training, and agents.
refreshment and specific certification
for all employees; BTPN Syariah is committed to continuously
improve the overall result and the quality of the
2) Development and Refreshment implementation of good corporate governance at
Programs were available for the every layer of the organization so that the process
Board of Commissioners, the Board of being performed as well as the outcome are always
Directors and the Sharia Supervisory in accordance to the prevailing regulations and in line
Board in general and in particular with the vision and mission of the Bank.
through Risk Management training.
Upon the advices of the Controlling The Board of Commissioners, the Board of
Shareholders, the new member of Directors and the Sharia Supervisory Board are
the Board of Commissioners who committed to ensure the implementation of good
started in office in semester II 2019 corporate governance.
has attended induction program
 corporate secretary

The Profile of Corporate Secretary

In BTPN Syariah, the role of Corporate Secretary is undertaken by the Compliance Director, who is responsible to
disseminate material information related to the performance of BTPN Syariah.

The profile of Corporate Secretary is available in page The Board of Directors Profile. The Corporate Secretary is
domiciled in South Tangerang, Indonesia.

References

In compliance with the regulation POJK No. 35 and the Decision of the Board of Directors of PT Bursa Efek
Indonesia No. Kep-00001/BEI/01-2014 dated 20 January 2014 concerning the Amendment to the Regulation No.
I-A., BTPN Syariah has appointed Arief Ismail, Compliance Director as the Corporate Secretary. The appointment
of Corporate Secretary is pursuant to the Circular Decision of the Board of Directors No. 015/CIR/DIR/VIII/2017
dated 22 August 2017 and stated in the Board of Directors Decree No. SK.012/DIR/LG/VIII/2017 concerning
the Appointment of Corporate Secretary on 22 August 2017. On this appointment, BTPN Syariah had done the
disclosure of infomation as stated in the Prospectus for the Initial Public Offering issued on 26 April 2018.
250
The term of office of Corporate Secretary has started since the signing of the Board of Directors Decree No.
SK.012/DIR/LG/VIII/2017 until the closure of the Annual General Meeting of Shareholders 2020 (corresponds to
the term of office of the Board of Directors appointed pursuant to the Resolution of the Annual General Meeting
of Shareholders on 14 March 2017).

Below are the brief description about Corporate Secretary:

Name : Arief Ismail

Address : Menara BTPN 12th Floor

CBD Mega Kuningan

Jl. Dr. Ide Anak Agung Gde Agung Kav. 5.5 – 5.6, Jakarta Selatan 12950

Telephone : +6221 300 26 400

Facsimile : +6221 292 72 096

Email : corsec@btpnsyariah.com
The Duties and Responsibilities of The Implementation of Duties and
Corporate Secretary Responsibilities of Corporate Secretary

The Duties and Responsibilities of Corporate In 2019, the Corporate Secretary has implemented
Secretary according to POJK No. 35 are: the duties and responsibilities as a realization of
commitment for GCG implementation in BTPN
1. To follow the development of Capital Market, Syariah, as a public company and as a Sharia
particularly the prevailing laws and regulations in commercial bank, including amongst others:
Capital Market;
1. The Corporate Secretary of BTPN Syariah
2. To provide advices to the Board of Directors and has ensured the fulfillment of obligation of
the Board of Commissioners of the Issuer or Public disclosure of information of the Monthly Report
Company to abide by to the laws and regulations of the Shareholders Register or the Changes of
in Capital Market; Shareholders Structure through online reporting
system to the Regulator and published in the
3. To assist the Board of Directors and the Board
Websites of the Bank as a form of disclosure of
of Commissioners in the implementation of good
information;
corporate governance, including:
2. The Corporate Secretary of BTPN Syariah has
a. Disclosure of information to the public
ensured the fulfillment of obligation of disclosure of
including providing information in the website
information of the presentation of Annual Report, 251
of the issuer or Public Company;
Quarterly Financial Report Publications, Annual
b. Timely report submission to OJK; Financial Statements and Consolidated Financial
Statements through online reporting system to
c. Convening and documenting the General the Regulator and announced to public through
Meeting of Shareholders; the national-scale newspaper and published in the
Websites of the bank that is mandatory for public
d. Convening and documenting the meetings of
company;
the Board of Directors and/or the Board of
Commissioners; 3. For the fulfillment of the PBI No. 11/33/PBI/33/
PBI/2009 concerning the Implementation of Good
e. Conducting the company orientation program
Corporate Governance for Sharia Commercial Bank

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

for the the Board of Directors and/or the
and Sharia Business Units and SEBI No. 12/13/DPBs
Board of Commissioners.
concerning the Implementation of Good Corporate
4. Serve as the liaison between the Issuer or Public Governance for Sharia Commercial Bank and Sharia
Company and the Issuer’s shareholders or the Business Units, PBI No 15/13/PBI/2013 concerning
Public Companies, OJK and other stakeholders Amendment to PBI 11/3/Pbi/2009 concerning Sharia
Commercial Bank, and POJK No. 33/POJK.04/2014
In accordance with the rules, as well as duties and concerning the Board of Directors and the Board of
responsibilities of the Corporate Secretary mentioned Commissioners of Issuers or Public Companies, the
above, in 2019 the Corporate Secretary of BTPN Corporate Secretary of BTPN Syariah has ensured
Syariah has carried out activities in accordance with that the overall process of nomination, proposal and
the provisions. appointment of the new member of the Board of
Commissioners was in accordance to the prevailing
regulations;
 4. For the fulfillment of the POJK No. 8/POJK.04/2015 8. For the fulfillment of the POJK No. 29/
concerning the websites of Issuers or Public POJK.04/2016 concerning the Annual Report
Companies, the Corporate Secretary of BTPN of Issuers or Public Companies, the Corporate
Syariah has ensure the updates of the Websites Secretary of BTPN Syariah has submitted the
of the Bank on periodic basis and continues the Annual Report for the Accounting Year Ended
efforts to refine the websites according to the Bank 31 December 2018 and has been approved by
condition; the Shareholders in the Annual General Meeting
of Shareholders in 2019 and has been reported
5. For the fulfillment of the POJK No. 32/ according to the regulations and the Annual Report
POJK.04/2014 concerning the Plan to Convene has been published in the Websites of the Bank;
the General Meeting of Shareholders in Public
Companies, the Corporate Secretary of BTPN 9. For the fulfillment of the regulations of Indonesian
Syariah has convened 2 (two) General Meeting of Stock Exchange in the Decree of the Board of
Shareholders, that is the Annual General Meeting Directors of PT Bursa Efek Indonesia No. Kep-306/
of Shareholders and the Extraordinary General BEJ/07-2004 Regulation No. I-E concerning the
Meeting of Shareholders in 2019 with the mechanism Obligation to Provide Information Point V, the
according to the prevailing regulations; Corporate Secretary of BTPN Syariah has fulfilled
the commitment to provide information to the
6. For the fulfillment of the POJK No 13/POJK.03/2017 public (Public Expose) on 2 September 2019, and
concerning the Engagement of the Services of has submitted the Report of the Implementation
Public Accountant and Public Accounting Firm in of Public Expose 2019 to the Financial Services
the Financial Services Activities and SE OJK No. 36/ Authority and the Board of Directors of Indonesian
SEOJK.03/2017 the Procedures of Engaging of the Stock Exchange (PT Bursa Efek Indonesia) on 4
Services of Public Accountant and Public Accounting September 2019 and has performed disclosure of
Firm in the Financial Services Activities, and taking information for such purpose;
252 into consideration the limitation of engaging
the services of to audit the historical financial 10. For the fulfillment of the POJK No. 30/
information from the same public accounting for POJK.04/2017 concerning the Buy Back of the
maximum audit period of 3 (three) accounting Shares Issued by the Public Companies and POJK
years consecutively, the Corporate Secretary of 59/POJK.03/2017 concerning the Implementation
BTPN Syariah has ensured the appointment of of Governance in the Providing Remuneration for
Public Accountant and/or Public Accounting Firm Sharia Commercial Banks and Sharia Business
to audit the bookkeeping for the Bank for the Unit, the Corporate Secretary of BTPN Syariah has
accounting year ending 31 December 2019. The executed the Buy Back of the Shares of Company on
report for such appointment of Public Accountant 23 October 2019 and has submitted the Report of
and/or Public Accounting Firm has been submitted the Result of the Execution of the Buy Back of the
to the Authority through the Letter No. S.156/DIR/ Shares of PT Bank Tabungan Pensiunan Nasional
CSL/V/2019 dated 6 May 2019; Syariah Tbk to the Authority in the Letter No. 360/
DIR/CSL/XII/2019 dated 6 December 2019;
7. For the fulfillment of the POJK No. 31/
POJK.04/2015 concerning the Disclosure of 11. For the fulfillment of the POJK No. 51/POJK.03/2017
Information of Material Facts by Issuers of Public concerning the Implementation of Sustainable
Companies, the Corporate Secretary of BTPN Finance for Financial Services Institutions, Issuers
Syariah has performed disclosure of information, and Public Companies, the Corporate Secretary of
including the resignation of a member of the Board BTPN Syariah has initiated the preparation of the
of Commissioners, the Changes of the Composition Bank Sustainability Action Plan in 2019, one year
Members of the Board of Commissioners of the earlier than obligated submission schedule of the
bank, replacement of Public Accountant and/or Bank Sustainability Action Plan for Bank BUKU 2
Public Accounting Firm in 2019, the Plan to Buyback that will be due next year;
the Shares of the Bank and the Implementation of
the Buyback of the Shares of the Bank;
12. For the fulfillment of the POJK No. 7/POJK.04/2018 concerning the Report Submission through Electronic
Reporting for Issuers or Public Companies, the Corporate Secretary of BTPN Syariah has submitted the report of
periodic basis according to the regulations;

13. For the fulfillment of the POJK No 1/POJK.03/2019 concerning the Implementation of Internal Audit Function in
Commercial Banks, the Corporate Secretary of BTPN Syariah has ensured the amendments of the Charter with
regard to the duties and responsibilities in the implementation of internal audit function. The Amendment of the
Charter was made for the Charter of the Board of Commissioners, the Board of Directors and Audit Committee,
and for Internal Audit Function in particular, there has been amendments to the Audit Charter;

14. The Corporate Secretary of BTPN Syariah has implemented the duties and responsibilities to represent the Bank in
fulfilling the obligation as a public company and has performed disclosure of information and press release to the
media and investors on periodic basis and the information is published on the Websites of the Bank;

15. BTPN Syariah has reviewed and updated the regulations and internal procedures in the Bank to ensure the
adherence to the prevailing regulations and the existing conditions;

16. Periodically, BTPN Syariah conducted Induction Program and Refreshment Program for the Executive Officers and
Employees about the GCG Principles and the socialization of GCG Policy, Code of Ethics, Company Regulations and
the Vision, Mission and Values of the Bank;

17. Continuing the supervision process in Risk Management that included amongst others the development of
human resources and fulfillment of Risk Management Certification and the refreshment programs that were also
attended by the members of the Board of Directors, the members of the Board of Commissioners, and the Sharia
Supervisory Board and the fulfillment of other training programs according to banking regulations;

18. The Bank kept the commitment to perform self assessment as the evaluation process in order to create a culture to 253
improve compliance in a measured and sustainable manner.

Training Program and Certification Attended by the Corporate Secretary in 2019

No Training/Workshop Organizer Date

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

1 Training Agile Way of Working Griya MP 25 March 2019

2 Refreshment Program Banking Risk Management Certification Level Executive Duta Raharja Solusindo 30 April 2019

3 Macroeconomic Condition Internal 5 August 2019

4 Macroeconomic Condition Internal 14 August 2019

5 Training Center for Creative Leadership – Leadership for Organization Impact Center of Creative 21-25 October 2019
Leadership
 Press Release

No Date Description

1 24 January 2019 In 2018 Financing grew by 20.2%, creating positive changes for the productive underprivileged
families

2 14 February 2019 Strengthen the Capital, BTPN Syariah does not distribute dividend

3 23 April 2019 Financing grew by 20 %

4 25 July 2019 Financing for the underprivileged families grew 24 %

5 2 September 2019 Extraordinary GMS TPN Syariah appointing Yenny Lim as the member of the Board of
Commissioners

6 22 October 2019 Quarter III Performance, 8.9 trillion for millions of underprivileged families

Disclosure of Information

No Date Letter No. Description

1 7 January 2019 S.004/DIR/CSL/I/2019 Monthly Report of the Shareholders Register as of 31 December 2018

2 8 January 2019 S.005/DIR/CSL/I/2019 Information of the Plan to Convene Annual General Meeting of
Shareholders

3 8 January 2019 S.005/DIR/CSL/I/2019 Submission of the Proof of Advertisement concerning Notice for the
254 Annual General Meeting of Shareholders

4 23 January 2019 S.022/DIR/CSL/I/2019 Invitation for the Annual General Meeting of Shareholders

5 23 January 2019 S.022/DIR/CSL/I/2019 Submission of the Proof of Advertisement concerning Notice for the
Annual General Meeting of Shareholders

6 23 January 2019 S.033/DIR/CSL/I/2019 Submission of Annual Report

7 24 January 2019 S.038/DIR/CSL/I/2019 Submission of Annual Financial Statements (XBRL) as of 31 December 2019

8 24 January 2019 S.038/DIR/CSL/I/2019 Submission of the Proof of Advertisement concerning Annual Financial
Statements as of 31 December 2019

9 24 January 2019 S.045/DIR/CSL/I/2019 Disclosure of Information for Public – Presss release: In 2018
Financing grew by 20.2%, creating positive changes for the productive
underprivileged families

10 28 January 2019 S.042/DIR/CSL/I/2019 Submission of Annual Report (correction)

11 8 February 2019 S.064/DIR/CSL/II/2019 Monthly Report of the Shareholders Register as of 31 January 2019

12 12 February 2019 S.065/DIR/CSL/II/2019 Report of Ownership or Every Change of Shares Ownership of Public
Companies from the transaction of buying the shares of BTPN Syariah by
0.65% (zero point sixty five percent) from PT Triputra Persada Rahmat
by the public

13 12 February 2019 S.072/DIR/CSL/II/2019 Disclore of Information Certain Shareholders

No Date Letter No. Description

14 15 February 2019 S.082/DIR/CSL/II/2019 Changes of Audit Committee

15 15 February 2019 S.083/DIR/CSL/II/2019 Disclosure of Information for Public – Presss release – Strengthen the
Capital, BTPN Syariah does not distribute dividend

16 18 February 2019 S.084/DIR/CSL/II/2019 Summary of the Resolutions of the Annual General Meeting of
Shareholders

17 18 February 2019 S.084/DIR/CSL/II/2019 Submission of the Proof of Advertisement concerning the Summary of
the Resolutions of the Annual General Meeting of Shareholders

18 21 February 2019 S.086/DIR/CSL/II/2019 Report of Ownership or Every Change of Shares Ownership of Public
Companies from the transaction of buying the shares of BTPN Syariah
by 2.60% (two point sixty percent) from PT Triputra Persada Rahmat by
the public.

19 21 February 2019 S.086/DIR/CSL/II/2019 Disclore of Information Certain Shareholders

20 4 March 2019 S.090/DIR/CSL/III/2019 Report of Ownership or Every Change of Shares Ownership of Public
Companies from the transaction of buying the shares of BTPN Syariah by
0.90% (zero point ninety percent) from PT Triputra Persada Rahmat by
the public.

21 4 March 2019 S.090/DIR/CSL/III/2019 Disclore of Information Certain Shareholders 255

22 5 March 2019 S.102/DIR/CSL/III/2019 Monthly Report of the Shareholders Register as of 28 February 2019

23 14 March 2019 S.111/DIR/CSL/III/2019 Disclosure of Information for Public – Dissemination of Summary of the
Resolutions of the Annual General Meeting of Shareholders BTPN Syariah
on 14 February 2019

24 14 March 2019 S.112/DIR/CSL/III/2019 Report of Ownership or Every Change of Shares Ownership of Public
Companies from the transaction of buying the shares of BTPN Syariah by
0.91% (zero point ninety one percent) from PT Triputra Persada Rahmat
by the public.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

25 14 March 2019 S.112/DIR/CSL/III/2019 Disclosure of Information Certain Shareholders

26 5 April 2019 S.126/DIR/CSL/IV/2019 Monthly Report of the Shareholders Register as of 31 March 2019

27 23 April 2019 S.139/DIR/CSL/IV/2019 Submission of Interim Financial Statements (XBRL) as of 31 March 2019

28 23 April 2019 S.139/DIR/CSL/IV/2019 Submission of the Proof of Advertisement concerning Interim Financial
Statements (XBRL) as of 31 March 2019

29 23 April 2019 S.142/DIR/CSL/IV/2019 Disclosure of Information for Public – Presss release – Financing grew
20%

30 6 May 2019 S.156/DIR/CSL/V/2019 Changes of Public Accountant

31 6 May 2019 S.157/DIR/CSL/V/2019 Monthly Report of the Shareholders Register as of 30 April 2019

32 11 June 2019 S.179/DIR/CSL/VI/2019 Monthly Report of the Shareholders Register as of 31 May 2019

33 9 July 2019 S.198/DIR/CSL/VII/2019 Monthly Report of the Shareholders Register as of 30 June 2019
 No Date Letter No. Description

34 17 July 2019 S.212/DIR/CSL/VII/2019 Disclosure of Information for Public – Resignation of one of the members
of the Board of Commissioners BTPN Syariah

35 25 July 2019 S.227/DIR/CSL/VII/2019 Submission of Interim Financial Statements (XBRL) as of 30 June 2019

36 25 July 2019 S.227/DIR/CSL/VII/2019 Submission of the Proof of Advertisement concerning Interim Financial
Statements as of 30 June 2019

37 25 July 2019 S.229/DIR/CSL/VII/2019 Information of the Plan to Convene Extraordinary General Meeting of
Shareholders

38 25 July 2019 S.229/DIR/CSL/VII/2019 Submission of the Proof of Advertisement concerning Information of the
Plan to Convene Extraordinary General Meeting of Shareholders

39 25 July 2019 S.231/DIR/CSL/VII/2019 Disclosure of Information for Public – the Plan to Buy Back the Shares of
the Company

256 40 25 July 2019 S.231/DIR/CSL/VII/2019 Submission of the Proof of Advertisement concerning the Plan to Buy
Back the Shares of the Company

41 25 July 2019 S.232/DIR/CSL/VII/2019 Disclosure of Information for Public – Press release – Financing for the
underprivileged families grew 24%

42 7 August 2019 S.246/DIR/CSL/VIII/2019 Monthly Report of the Shareholders Register as of 30 July 2019

43 9 August 2019 S.249/DIR/CSL/VIII/2019 Invitation for the Extraordinary General Meeting of Shareholders

44 9 August 2019 S.249/DIR/CSL/VIII/2019 Submission of the Proof of Advertisement concerning Invitation for the
Extraordinary General Meeting of Shareholders

45 15 August 2019 S.273/DIR/CSL/VIII/2019 Resubmission of the Proof of Advertisement concerning Interim Financial
Statements as of 30 June 2019

46 16 August 2019 S.274/DIR/CSL/VIII/2019 Plan to Conduct Annual Public Expose

47 27 August 2019 S.276/DIR/CSL/VIII/2019 Submission of the Materials of Annual Public Expose

48 3 September 2019 S.280/DIR/CSL/IX/2019 Report of Material Information and Facts – Press Release - the
Extraordinary General Meeting of Shareholders appointing Yenny Lim as
the member of the Board of Commissioners
No Date Letter No. Description

49 4 September 2019 S.281/DIR/CSL/IX/2019 Report of Material Information and Facts – Summary of the Resolutions
of the Extraordinary General Meeting of Shareholders 2019

50 4 September 2019 S.281/DIR/CSL/IX/2019 Submission of the Proof of Advertisement concerning Summary of the
Resolutions of the Extraordinary General Meeting of Shareholders 2019

51 4 September 2019 S.282/DIR/CSL/IX/2019 Report of Material Information and Facts – Changes of the Members of
the Board Directors and/or the members of the Board of Commissioners

52 4 September 2019 S.284/DIR/CSL/IX/2019 Report of Annual Public Expose

53 4 September 2019 S.285/DIR/CSL/IX/2019 Monthly Report of the Shareholders Register as of 31 August 2019

54 19 September 2019 S.297/DIR/CSL/IX/2019 Report of Material Information and Facts – The Deed of the Resolutions
of the Extraordinary General Meeting of Shareholders 2019

55 26 September 2019 S.300/DIR/CSL/IX/2019 Report of Material Information and Facts – The Deed of the Resolutions
of the Extraordinary General Meeting of Shareholders 257

56 7 October 2019 S.307/DIR/CSL/X/2019 Monthly Report of the Shareholders Register as of 30 September 2019

57 22 October 2019 S.326/DIR/CSL/X/2019 Submission of Interim Financial Statements (XBRL) as of 30 September

and  2019
S.327/DIR/CSL/X/2019

58 22 October 2019 S.326/DIR/CSL/X/2019 Submission of the Proof of Advertisement concerning Interim Financial
and  Statements as of 30 September 2019
S.327/DIR/CSL/X/2019

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

59 22 October 2019 S.329/DIR/CSL/X/2019 Report of Material Information and Facts – Press Release – Quarter III
Performance, 8,9 Trillion for millions of underprivileged families

60 06 November 2019 S.336/DIR/CSL/XI/2019 Monthly Report of the Shareholders Register per 31 October 2019

61 04 December 2019 S.358/DIR/CSL/XII/2019 Monthly Report of the Shareholders Register per 30 November 2019

62 06 December 2019 S.360/DIR/CSL/XII/2019 Submission of Report of the Result of the Implementation of the Buy
Back of the Shares of PT Bank Tabungan Pensiunan Nasional Syariah Tbk
 internal audit report
Internal Audit is an Independent Unit that represents one element of the Internal Control System as the third line
of defense. Internal Audit plays a critical role in ensuring the Bank to achieve the objectives, through independent
and objective assurance and consultation activities that provides added value to the Bank and improve the
performance of the Bank.

In executing such function, Internal Audit refers to the Charter of Internal Audit, that is an official document No.
11/Pedoman Kerja/CSL/IV/2019 defining the scope, responsibilities and authorities of Internal Audit. This Charter
confirms the position of Internal Audit in the organization of the Bank, independency and working relationship
with external parties. This Internal Audit Charter is also an official confirmation that Internal Audit upholds the
code of ethics of internal auditor in the undertaking of duties. The Internal Audit Charter is signed by the Board of
Commissioners upon the recommendation of Audit Committee and declared by the Board of Directors in SK.003/
DIR/SKAI/V/2019 dated 9 May 2019.

As an independent unit, Internal Audit reports directly to the President Director, coordinates with Audit
Committee and is able to direct communication with the Board of Commissioners to inform various matters
pertaining to audit. Therefore, Internal Audit BTPN Syariah does not have any responsibilities nor reporting
relationship with management or other parties related to the operations of the Bank that may influence the result
of the audit process. In addition to that, the independency of Internal Audit is reflected in the appointment and
termination of Internal Audit Head by the President Director with the approval of the Board of Commissioners
upon the recommendation of the Audit Committee. The appointment and termination of Internal Audit Head is
reported to Financial Services Authority.

258 The Organization Structure of Internal Audit is, as follows:

President Director Audit Committee

Internal Audit Head

Head Office Investigative Audit Audit Planning &

Business Audit Head IT Audit Head
Audit Head Head Support Head

Investigative Audit Audit Methodology

Funding Auditors Head Office Auditors IT Auditors
Auditors & QA

Financing Auditors Remote Auditors

The organization of Internal Audit consists of the Internal Audit has the code of ethics as the guidance
following 5 (five) functions: for all the auditor in performing the duties, that
includes the obligation to always upholds the values
1. Business Audit of integrity, objectivity, confidentiality, and always
To perform audit in the Business areas including improve competency. To ensure the implementation of
funding and financing business and to follow up those principles, every year each auditor is obliged to
the audit results. sign the code of ethics of internal audit.

2. Head Office Audit Internal Audit is chaired by Gatot Prasetyo who

To perform audit in the Head Office areas, was appointed by the President Director upon the
including the support function of the Bank that approval of the Board of Commissioners in June 2017.
serves the overall Bank and to follow up the audit He has more than 20 years of experience in banking,
results. in various areas including amongst others Banking
Operations, Operations Risk and Internal Audit.
3. Investigative Audit
He has completed Risk Management Certification,
To perform investigative audit in the fraud-
Sharia Banking Training, and attend several seminar
suspected areas.
/ Internal Audit Forum conducted by Institute of
4. Information Technology Audit Internal Audit (IIA), Association of Bank Internal
To perform audit in the Information Technology Auditor, Financial Services Authority, etc. He has also
area to follow up the audit results. attended several softskills and leadership training
conducted by the Bank.
5. Audit Planning & Support
The main duties of Internal Audit are: 259
Responsible to facilitate the process of Audit
Annual Planning, development of Audit
• Assist the President Director and the Board
Methodology & Tools, Auditor development,
of Commissioners in performing supervision
perform Audit Quality Assurance, Remote Audit,
by managing the operational of planning,
Data Support & MIS, and Internal & External
implementing and monitoring audit results;
Regular Reporting.
• Conduct analysis and evaluation in the areas of
Several regulations are established to ensure the
finance, accounting and operations and other
implementation of independent and objective
activities through audit;
internal audit function, including amongst others,
the employees of Internal Audit are not allowed to • Identify all opportunities to improve the efficiency
hold dual position or perform the other operational of the use of resources and fund; and

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

activities and are not involved in the operational
decision-making (only to provide recommendation), • Provide suggestion for improvement and objective
the Internal Auditor assignment must be kept from information about the activities inspected at all
the bias of conflict of interest both the actual or levels of management.
potential, Internal Audit defines the limitation of
duties on periodic basis, and Internal Audit has the To facilitate the undertaking of duties and function,
right to define and implement the audit methodology Internal Audit is granted the following authorities:
according the standard of the profession and the
• Access all information of the company (all
generally accepted audit standards.
functions in the organization, records, employees,
resources, funds and other assets of the Bank)
that is related to the duties and function of
Internal Audit;
 • Allocate resources, determine the frequency, In 2019, Internal Audit has implemented audit
choose the subjects and set the scope of audit according to plan, including:
activities that are required to achieve the
objectives of audit; 1. Thematic Audit focusing on the Bank strategic
initiatives and the high-risk areas;
• Implement audit methodology according to the
generally accepted professional standard and 2. Audit in the distribution lines (financing areas and
audit standard with necessary adjustment to the branches)
situation in the field;
3. Audit in the functional units;
• Obtain necessary assistance of the employees
4. Audit mandatory for the Payment System Bank
in the unit being audited or the subject matter
Indonesia, Payment Instruments using Cards, and
experts both from the internal and external
Internal Capital Adequacy Assessment Process
organization;
(ICAAP).
• Communicate directly to the Directors, the Board
The audit results has been used as one source of
of Commissioners, Audit Committee and Sharia
evaluation for improvement from the aspects of
Supervisory Board including through private
policy, business and operational process, infrastructure
260 meeting without the presence of Management and
and human resources management. Internal Audit
communicate with Financial Services Authority at
monitored all the follow actions of the audit results to
least once a year;
ensure that every problem was settled and risks were
• Conduct meeting on regular basis and incidental controlled. To ensure this, every audit results and the
meeting with the Directors, the Board of progress of the follow up actions were reported to the
Commissioners, and Audit Committee and the Board of Directors and to the Board of Commissioners
Sharia Supervisory Board; through the Audit Committee. Until the end of 2019,
the follow up actions had been completed according to
• Coordinate activities with external auditors; the schedule.

• Attend strategic meeting without voting rights. To improve the quality, Internal Audit always develops
the audit methodology and improve the audit program
The preparation internal audit plan uses the risk- to ensure conformity to the development of business
based approach through 3 main processes, including process and the best practices such as The Institute of
identification of bank-wide audit universe and Internal Auditors (IIA) and Information System Audit
classfify them as the audit focus. The second stage and Control Association (ISACA).
is assessing the residual risks of each audit focus
based on the 10 types of risks and the bank strategic In 2019, Internal Audit has implemented 2 initiatives to
plan and prioritize it into the audit plan taking into support the strategy of BTPN Syariah, including:
consideration the input from senior management. The
audit plan is approved by the President Director and 1. Initiate the development of Data Analytics to
the Board of Commissioners. improve the audit quality, time efficiency in data
analysis, and as part of early warning system. This
is a continuation of the development of Remote
Audit System in 2018.
2. Conduct assessment for the implementation of Quality Assurance Improvement Program

The development of human resources of Internal Audit was implemented by improving the skills and competency
of auditors through certification program and training program both internal and external. The training programs
included the external training, in-house training and workshops. As of 31 December 2019, Internal Audit has been
staffed with competent auditor with professional certification including Certified Information Systems Auditor -
CISA (3 persons), Certified Bank Internal Audit – CBIA (16 persons), Qualified Internal Auditor - QIA (3 persons), and
Chartered Accountant - CA (3 persons).

The other development of human resources of Internal Audit was by attending audit profession conferences
conducted by the Association of Bank Internal Auditor, The Institute of Internal Audit (IIA), or Information Systems
Audit and Control Association (ISACA).

Internal Audit is committed to always improve the quality through comprehensive assessment with competent
human resources and implement the audit profession standard to deliver added value to the Bank.

No Training/Workshop Organizer Date

1 Beyond Presentation - Intensive Coaching Adriani Surono - Executive 9-10 January 2019 and
to Sharpen Your Presentation Skill Coach Indonesia 16-17 January 2019
261
2 Risk Management Certification Level 4 LSPP 19 January 2019
3 Risk Management Certification Level 3 LSPP 27 February 2019
4 Risk Management Certification Level 2 LSPP 18 May 2019, 22 June 2019 and
5 Risk Management Certification Level 1 LSPP 11 May 2019, 22 June 2019
6 Refreshment of Risk Management LSPP 25 June 2019
Certification Level 1-3
7 Agile Way of Working BOD 25 March 2019
8 Sharing - Review: Vendor Legality Intern - Ani Mulyani 27 March 2019
Documents Mokodompit
9 Business English Course ESQ-Mr Wardoyo 14 May-15 August 2019,
3 September-15 November 2019

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

10 Seminar: Bersih-bersih Rasa di Bulan Rene Suhardono 15 May 2019
Ramadhan
11 Seminar: Seberapa Sehat Keuangan Anda Prita Ghozie 28 May 2019
12 Seminar: Bagaimana Mengelola Emosi Roslina Verauli 21 June 2019
Sebagai Orang Tua
13 Induction Training Human Capital 1 July, 26 July, 28 October and
19 December 2019
14 2019 IIA National Conference Institute of Internal 24-25 July 2019
Auditors (IIA) Indonesia
15 User Interactive & User Experience (UI/ Ekipa 8-9 August 2019
UX) Training
16 Cyber Security Fundamental ISACA 16-18 September 2019
17 Situation Behavior Impact Center for Creative 28 November 2019
Leadership
18 Impactful Communication TalkInc 17-18 December and
19-20 December 2019
 compliance report
As a public company, the compliance level to the to recognize good customers that will make BTPN
prevailing regulations must be further improved, not Syariah health and prevented from money laundering
only compliance to regulations from Financial Services practices or financing of terrorism. The strong
Authority for Banking for but also regulations from compliance culture will support BTPN Syariah to grow
Financial Services Authority for Capital Market and fast and healthy.
regulations from the other regulators. The compliance
The implementation of the above-mentioned strategy
culture will be further improved and make it a culture
has gradually created good Compliance Culture as
implemented in every layer in the organization.
compliance is embedded in the responsibilities of all
As it planned in 2019, the strategies to improve the levels in the organization. The Bank compliance to the
compliance culture were prioritized in the following regulations reflects a good corporate governance that
areas: serves as the foundation for BTPN Syariah to grow
fast and healthy.
1. From the Governance Perspective
In line with the corporate key strategic initiatives to
1.1. Ensure that all the regulations in the Bank execute plan in 2019, the organization structure of
are in compliance to the rules issued by the Compliance function was revised to adjust to the
regulator; needs of the Bank, one of which was to ensure that
the Compliance Culture was further improved in the
1.2. Internalization of regulations must be done
Bank. In addition to Compliance Syariah dan Advisory
immediately and effectively with good
(CSA) and Compliance AML &CFT, a new unit was
quality;
established Compliance Development to improve the
262 1.3. Development of portal for regulations will tools and several concepts in order to better facilitate
help all the employees to access a reliable the employees to access the portal containing internal
source of regulations as the guidelines in the and external regulations as the reliable source of
execution of duties and responsibilities on reference in the undertaking of duties. The update
daily basis. of policies and other regulations were continued to
ensure that the Bank was always updated with the
2. From the Awareness Perspective latest regulations from the regulators. System and
Ensure that compliance culture is communicated procedures were always refined to support all the
to all layers in the organization through processes of the Bank to be simple and secure.
communication media of BTPN Syariah and
through effective training which ensures that With the implementation of the strategy to improve
training materials are understood by the the compliance culture as described above, all the
employees to be further implemented in the daily units was able to comprehend internal and external
execution of duties and responsibilities. regulations correctly.

3. From the Assessment perspective To contribute the realization of good intention sooner,
Ensure that the operational activities of BTPN the Bank has established Compliance helpdesk and
Syariah are in accordance to the prevailing relationship concept to accommodate the needs of all
regulations by conducting direct checking in unit for clarity of external and internal regulations and
the field in order to mitigate the potential of to be served faster and in a more correct manner. It
incompliance in the field was expected that by having faster and more correct
information services, the Compliance Culture was
In addition to that, for the implementation of AML/ sooner implemented in all layers of the organization.
CFT BTPN Syariah ahs implemented risk-based
approach (RBA) through Risk Sectoral Assessment Based on the completed activities, the main
(RSA) method according to the regulations of OJK achievement in 2019 were:
and PPATK. With this approach, BTPN Syariah is able
1. Compliance Culture has been well implemented in 3. The number of reports that had to be submitted
BTPN Syariah as reflected in the well-maintained to the regulators were so many with the different
prudential ratio, no significant penalty imposed deadlines. To anticipate this, BTPN Syariah used
by the regulator and all the parameter of the the reminder system that worked well to prevent
compliance risk profile that indicated positive any delay in the completion and submission of
value making the Composite Value of Compliance the report.
Risk Profile at Level 1 (Strong);
In addition the achievement as elaborated above, the
2. The Internalization of Regulation from Regulator evaluation of effectiveness and the implementation
has been implemented well as evidenced by no have been done well in 2019, as evidenced by
delay in implementing the external regulation several awards received by the Bank. All those was
into the internal regulation and the Bank portal a reflection of Compliance Culture that has been
for regulations enabled monitoring the period to well embedded in all layers of the organization of
review regulations to ensure that regulations are the Bank.
always updated.
The needs to improve in 2020 in order to meet the
3. All the commitment of BTPN Syariah to the business requirement to grow fast and healthy is, on
regulator has been fulfilled even sooner than the top of continuing the Compliance Culture that has
timeline committed by the Bank for the inspection been built, to ensure that the services of compliance
result in 2019 and the other commitment such function to be delivered in a friendlier, faster and more
as implementation of AML/CFT according to complete manner. Friendlier in the communication and
Risk Base Approach (RBA) using the method interaction with all units in explaining the contents
Risk Sectoral Assesement (RSA) or National of the regulations in the language that are easy to 263
Risk Assement (NRA) according to the prevailing understand for the employees with real examples,
regulations. procedures are translated into schemes or flow chart
to make it simple and secure, socialization materials
The above achievement should be seen within the is delivered through various media that are commonly
context of how BTPN Syariah has dealt with the used by the employees, compliance quotation test
challenges arising during 2019, elaborated as follows: in compliance assessment is conducted onsite
and offsite.
1. The new regulations issued by the regulator
were so many and BTPN Syariah is obliged to Faster in the sense that all the needs of the units
comply with all of them. What BTPN Syariah for the information or review regulations can be
did then was to update the regulations on daily accommodated faster with measured SLA to make it

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

basis and assigned PIC to follow up for every more reliable.
area of responsibility until final completion, so
that BTPN Syariah was always in compliance to Complete in the sense that all problems and the
the regulations; compliance risk potentials can be identified correctly
so that the root cause can be settled completely in
2. The number of employees that were so huge and order to prevent the similar mistakes from recurring in
widely spread across regions carried the potential the future.
of incompliance to the rules. To mitigate this,
BTPN Syariah ensured that the internal control With the activities as described above, it is expected
was adequate and performed on periodic basis that Compliance Culture and Governance will
and the Sharia Supervisory Board supervised keep improving. Good governance is the absolute
the implementation to ensure compliance to the requirement for BTPN Syariah to grow rapidly and
Sharia Principles by employees and customers healthily. The Bank compliance to the regulation
in the field. In addition to that, the compliance reflects a good corporate governance which at the
assessment was performed to ensure that the same time serves as the foundation for BTPN Syariah
operational activities in BTPN Syariah were to grow fast and healthy.
always in adherence to the prevailing rules
and regulations, BTPN Syariah also conducted
regular education of the regulations through
communication media that were accessible for all
employees;
 committee report
The Committee of The Board of Commissioners

In order to implement the corporate governance principles to improve the effectiveness of the undertaking of
duties of the Board of Commissioners and to improve the quality of work, BTPN Syariah had established the Board
of Commissioners’ Committee.

The Risk Monitoring Committee

As obligated in the Regulations of Bank Indonesia PBI No. 11/33/PBI/2009 concerning the implementation of Good
Corporate Governance for Sharia Commercial Bank and Sharia Business Unit, BTPN Syariah had established the
Risk Monitoring Committee.

The Charter of Risk Monitoring Committee

Risk Monitoring Committee has a Charter that guides the undertaking its duties and responsibilities that amongst
others governs: Organization, Membership Requirements, Independency, Duties and Responsibilities, the Authority
of the Committee, Work Ethics, Meetings, Minutes of Meeting and Report, Reporting Responsibility, Term of
Office, etc.

The Independency of Risk Monitoring Committee

264
1. Independent Commissioner is the member of the Board of Commissioner who does not have financial
relationship, management, shares ownership, and/or family relationship with the other members of the Board
of Commissioners, the Board of Directors and/or Controlling Shareholders or other relationship of whatsover
in nature, which may influence his/her ability to act in an independent manner.

2. Independent Party is the party outside the Bank who does not have financial relationship, management,
shares ownership, and/or family relationship with the members of the Board of Commissioners, the Board of
Directors and/or Controlling Shareholders or other relationship of whatsover in nature, which may influence
his/her ability to act in an independent manner.

The Duties and Responsibilities of Risk Monitoring Committee

According to the latest Charter of the Committee, No.04/PedomanKerja/CSL/XII/2019 dated 5 Desember 2019,
the main duties and responsibilities of the Risk Monitoring Committee is to provide independent professional
opinion to the the Board of Commisioners concerning the reports and other matters presented by the Board
of Directors to the Board of Commissioners and to identify matters requiring attention of the Board of
Commissioners, including amongst others:

1. To prepare annual Work Plan of the Committee for the approval of the Board of Commissioners;

2. To provide independent professional opinion to the the Board of Commisioners concerning the reports
and other matters pertaining to risk management presented by the Board of Directors to the Board of
Commissioners and to identify matters requiring attention of the Board of Commissioners;

3. To evaluate risk appetite and risk limit that have to be approved by the Board of Commissioners;

4. To analyze the effectiveness of Risk Management Unit and Risk Management Committee;

5. To evaluate the conformity between the Bank risk management policy and its implementation;

6. To monitor and evaluate the work of the Risk Management Committee and the Risk Management Unit in order
to provide recommendation to the Board of Commissioners;
7. To evaluate the Risk Management Policy of the Bank at least once a year;

8. To evaluate the Risk Management Policy Implementation Report of the Board of Directors at least on quarterly
basis;

9. To keep the confidentiality of all the data and information document of the Bank;

10. To conduct investigation or grant the authority to conduct investigation in certain matters within the
respective scope of work;

11. To collaborate with the external consultant, accountant or other external party who provide advices to the
committee with regard to the investigation, and asking for information and cooperation from the employees of
the collaborating partners upon the request of the Committee;

12. Other duties than the above mentioned, as tasked by the Board of Commissioners to the Committee within
the scope of duties anytime required.

The Composition of Risk Monitoring Committee

The latest Composition of Risk Monitoring Committee BTPN Syariah refers to the Board of Directors Decree
SK.001/DIR/CSL/II/2019 dated 14 February 2019.

The Composition of Risk Monitoring Committee as of 31 December 2019 was:

265
No Name Position Date of Appointment

1 Dewie Pelitawati (Independent Chairman and Member of 13 June 2014

Commissioner) the Committee

2 Kemal Azis Stamboel (President Member of the Committee 17 April 2015

Commissioner/Independent)

3 Mahdi Syahbuddin (Commissioner) Member of the Committee 1 October 2015

4 Lucy Susiana Noor (Independent Party) Member of the Committee 14 February 2019

5 Tika Arundina (Independent Party) Member of the Committee 14 February 2019

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

The establishment of Risk Monitoring Committee has met all the terms and competency requirement and in
accordance to the good corporate governance principles.

The Authorities of Risk Monitoring Committee

1. The Committee is authorized to have full, free and unlimited access to the information on employees, funds,
assets and other Bank resources in fulfilling its duties and responsibilities;

2. In exercising the authority, the Committee shall be working with the Risk Management Unit and/or other unit
whenever deemed necessary.

The Term of Office of Risk Monitoring Committee

1. The term of office of the members of the Committee shall not be exceeding the term of office of the Board of
Commissioners as stipulated the Articles of Association and can be reelected for the following term;

2. In the event that the member of the Board of Commissioners serving as the Chairman of the Committee
resigns before the end of the term as the Bank Commissioner, the Chairman of the Committee shall be
replaced by the Independent Commissioner.
 3. In the event that the term of office of the member 7. The dissenting of opinions arising in the
of Committee has ended, and according to the Committee Meeting shall be clearly stated in the
regulation, reelection is not possible, whereas at Minutes of Meeting including the reason for such
the same time, the Board of Committee is not the dissenting of opinion;
eligible to appoint the member of the Committee,
then the term of the Committee membership 8. The Committee is allowed to make legitimate
will be extended until such a time that the Board decision without convening a Committee Meeting,
of Commissioner is eligible to appoint the new provided that all the members of the committee
member of the Committee. are notified in writing and that all members
of the Committee grant their approval for the
recommendation that are proposed in writing
The Profile of the Member of Risk
by signing the circular approval. The decision
Monitoring Committee
made through such mechanism carries the same
The profile of Risk Monitoring Committee is available legal power as the decision that are made in the
on the Section: Profile of the Members of the Board Committee Meeting.
of Commissioners and the Independent Parties in this
Annual Report. The Report of the Risk Monitoring
Committee
The Meeting Policy of Risk Monitoring
The Risk Monitoring Committee has actively provided
Committee
recommendation to the Board of Commissioeners.
1. The Committee Meeting is conducted periodically Throughout 2019 the Risk Monitoring Committee had
according the needs of the Bank, at least similar held 6 (six) meetings.The Risk Monitoring Committee
with the policy of the minimum number of members had conducted field visits to the Branches in
meetings of the Board of Commissioners, that is Jakarta, Surabaya,Semarang and Banda Aceh.
6 (six) times in 1 (one) year. The Board of Directors
266 Throughout 2019, the Risk Monitoring Committee
and the Board of Commissioners are allowed
discussed and provided recommendation which
to determine the minimum number of periodic
included amongst others:
meeting that is exceeding this rules according to
the needs and agreement;
1. Prepared and approved the work plan and
program for 2019 and the Charter;
2. The Committee meetings can be convened
only if it is attended by at least 51% (fifty one
2. Reviewed and evaluated to work of Risk
percent) percent of the total number of members,
Management Committee and Risk Management
including one Independent Commissioner and one
Unit and monitoried the risk exposure of the
Independent Party;
business activities of the Bank;

3. The decision of the Committee Meeting must be

3. Monitored the Bank Risk profile, capital adequacy
made with consensus. In the event that consensus
and the Bank healthiness level,
is not achieved, the decision making will be
administered through voting mechanism. 4. Supervised the implementation of the Bank’s
strategic actions;
4. The Committee Meeting is chaired by the
Chairman of the Committee; 5. Provided recommendation and suggestion for
improvement to improve the Bank business
5. In the event that the Chairman of the Committee
performance.
is not present, then one of the Committee Member
attending the meeting will be appointed to chair
the meeting;

6. The result of the Meeting shall be written the

minutes of meeting and documented well;
The Audit Committee 2. To assist the Board of Commimssioners in
ensuring the effectiveness of Internal Audit Unit
As obligated by the Regulations of Bank Indonesia PBI and the effectiveness of the Board of Directors
No.11/33/PBI/2009 concerning the implementation of in implementing the corrective actions from the
Good Corporate Governance for Sharia Commercial audit results. In this matter the Audit Committee
Bank and Sharia Business Unit, BTPN Syariah had is responsible for:
established the Audit Committee.
2.1. Monitor and evaluate the effectiveness of
The establishment of the Audit was pursuant to POJK the implementation of the internal audit of
Nomor 55/POJK.04/2015 and POJK I/POJK.03/2019. the Bank;

The Charter of Audit Committee 2.2. Evaluate the performance of Internal

Audit Unit;
The Audit Committee has the Charter that guides
the undertaking its duties and responsibilities 2.3. Ensure that the Internal Audit Unit
that amongst others governs: Organization, communite with the Board of Directors,
Membership Requirements, Independency, Duties the Board of Commissioners and Sharia
and Responsibilities, the Authority of the Committee, Supervisory Board;
Work Ethics, Meetings, Minutes of Meeting and
2.4. Ensure that Internal Audit Unit works in
Report, Reporting Responsibility, Term of Office,
independent manner;
and others.
2.5. Review the audit report and ensure the
The Independency of Audit Committee the Board of Directors takes the immediate
necessary corrective action to improve any
1. Independent Commissioner is the member of
weakness in control, fraud, incompliance to
the Board of Commissioner who does not have
the policies, laws and regulations and other
financial relationship, management, shares 267
problems identified and reported by Internal
ownership, and/or family relationship with the
Audit Unit, Public Accounting Firm and
other members of the Board of Commissioners,
the inspection report of Financial Services
the Board of Directors and/or Controlling
Authority;
Shareholders or other relationship of whatsover in
nature, which may influence his/her ability to act 2.6. Ensure that Internal Audit Unit upholds the
in an independent manner. principles of integrity in the undertaking of
duties;
2. Independent Party is the party outside the
Bank who does not have financial relationship, 2.7. Provide recommendation to the Board of
management, shares ownership, and/or family Commissioners concerning the audit plan,
relationship with the members of the Board of scope and budget of Internal Audit Unit;

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Commissioners, the Board of Directors and/or
Controlling Shareholders or other relationship of 2.8. Provide recommendation to the Board of
whatsover in nature, which may influence his/her Commissioners concerning the remuneration
ability to act in an independent manner. plan and performance rewards for the overall
Internal Audit Unit;
The Duties and Responsibilities of Audit
2.9. Provide recommendation to the Board of
Committee
Commissioners concerning the external
According to the latest Charter No.02/ party to assess the performance of Internal
PedomanKerja/CSL/IV/2019 dated 1 April 2019, Audit Unit;
the main duties and responsibilities of the Audit
2.10. Provide recommendations to the Board of
Committee is to provide independent professional
Commissioners regarding the appointment
opinion to the Board of Commisioners concerning the
and dismissal of the Internal Audit Unit
reports and other matters presented by the Board
Head;
of Directors to the Board of Commissioners and to
identify matters requiring attention of the Board of 2.11 . Provide recommendation to the Board of
Commissioners, including amongst others: Commissioners concerning the approval for
the Charter of Internal Audit Unit.
1. To prepare annual activity plan for the approval of
the Board of Commissioners;
 3. To review the financial information to be issued by the Bank, including financial statements, financial projection
and other financial information; and ensure that the financial statements is in accordance to the prevailing
accounting standards;

4. To analyze the Bank compliance to the laws and regulations in capital market and the other prevailing
regulations;

5. To provide recommendation on the appointment of Public Accountant to the Board of Commissioners to be

presented to the Annual General Meeting of Shareholdes, including the following factors – independency, scope
of work, and fee – and ensure that the implementation of audit by the public accountant is in accordance to
the audit standards;

6. To analyze the objectivity of the Public Accounting Firm and the adherence of the audit process by the Public
Accounting Firm to the prevailing audit standards;

7. To analyze the adequacy of auditing by the Public Accounting Firm to ensure that all risks have been properly
considered;

8. To analyze claim against the Bank and report it to the Board of Commissioners;

9. To review complaints related to accounting processes and the Bank financial reporting;

10. To keep the confidentiality of all document, data and information of the Bank;

11. To conduct investigation or grant the authority to do investigation in certain matters within the scope of duties
whenever deemed necessary;

268 12. To collaborate with the external consultant, accountant or other external party who provide advices to the
committee with regard to the investigation, and asking for information and cooperation from the employees of
the collaborating partners upon the request of the Committee;

13. The Audit Committee provides independent opinion in the event of dispute between the management and
public accounting for the services rendered.

The Composition of Audit Committee

The latest Composition of Audit Committee BTPN Syariah refers to the Board of Directors Decree SK. No.002/
DIR/CSL/II/2019 dated 14 February 2019.

The Composition of Audit Committee as of 31 December 2019 was:

No Name Position Date of Appointment

1 Kemal Azis Stamboel (President Chairman and Member of the 13 June 2014
Commissioner/ Independent Commmissioner) Committee

2 Dewie Pelitawati (Commissioner/ Member of the Committee 17 April 2015

Independent)

3 Lucy Susiana Noor (Independent Party) Member of the Committee 14 February 2019

4 Tika Arundina (Independent Party) Member of the Committee 14 February 2019

The establishment of Audit Committee has met all the terms and competency requirement and in accordance to
the good corporate governance principles.

The Authorities of Audit Committee

1. The Committee is authorized to obtain full, free and unlimited access to information on employees, funds,
assets and other Bank resources in fulfilling its duties and responsibilities including the other authorities
granted by the Board of Commissioners;
2. In exercising the authority, the Committee shall be 3. The decision of the Committee Meeting must be
working with the Internal Audit Unit and/or other made with consensus. In the event that consensus
unit whenever deemed necessary. is not achieved, the decision making will be
administered through voting mechanism.
3. To involve independent party outside the Audit
Committee to assist the undertaking of its duties 4. The Committee Meeting is chaired by the
whenever deemed necessary. Chairman of the Committee;

5. In the event that the Chairman of the Committee

The Term of Office of Audit Committee
is not present, then one of the Committee Member
1. The term of office of the members of the attending the meeting will be appointed to chair
Committee shall not be exceeding the term the meeting;
of office of the Board of Commissioners as
6. The result of the Meeting shall be written the
stipulated the Articles of Association and can be
minutes of meeting and documented well;
reelected only for 1 (one) time in the following
term;
7. The dissenting of opinions arising in the
Committee Meeting shall be clearly stated in the
2. In the event that the Chairman of the member of
Minutes of Meeting including the reason for the
Audit Committee resigns before the end of the
such the dissenting of opinion;
term, he/she will be replaced by the Independent
Commissioner.
8. The Committee is also allowed to make valid
decision without convening a Committee Meeting,
3. In the event that the term of office of the member
provided that all the members of the committee
of Committee has ended, and according to the
are notified in writing and that all members
regulation, reelection is not possible, whereas
of the Committee grant their approval for the
at the same time, the Board of Committee 269
recommendation that are proposed in writing
is not eligible to appoint the member of the
by signing the circular approval. The decision
Committee, then the term of the Audit Committee
made through such mechanism carries the same
membership will be extended until such a time
legal power as the decision that are made in the
that the Board of Commissioner is eligible appoint
Committee Meeting.
the new member of the Audit Committee.

9. The meeting between Internal Audit Unit and

The Profile of the Member of Audit the Audit Committee without attendance by the
Committee management shall be convened at least once a
year;
The profile of the members of Audit Committee is
available on the Section: Profile of the Members of the 10. The meeting between Internal Audit Unit and

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Board of Commissioners and the Independent Parties Compliance Unit without attendance by the
in this Annual Report. management shall be convened at least once a
year;
The Meeting Policy of Audit Committee
11. The meeting between Internal Audit Unit and
1. The Committee will convene Meetings periodically the External Auditor without attendance by the
according the needs of the Bank, at least management shall be convened at least once a
similar with the policy of the minimum number year upon the closing of financial report.
of meetings of the Board of Commissioners,
that is 4 (four) time in 1 (one) year. The Board The Statement of Audit Committee
of Commissioners is allowed to determine the concerning the Effectiveness of Internal
minimum number of periodic meeting that is Control System
exceeding this rules according to the needs and
agreement; The Audit Committee had made the evaluation and
ensured that the Internal Control system in the Bank
2. The Committee meetings can be convened was effective and adequate, including the finance
only if it is attended by at least 51% (fifty one control, operational, and compliance to the prevailing
percent) of the total number of members, laws and regulations.
including one Independent Commissioner and one
Independent Party;
 The Report of Audit Committee

The Audit Committee had actively provided recommendation to the Board of Commissioners. As of 31 December
2019; the Audit Committee had held 6 (six) meetings and issued 1 (one) circular decision.

The Committee made working field visit throughout 2019 to the Branches in Menara Kadin Jakarta, Information
Technology Division, Semarang area, Surabaya and Banda Aceh.

Throughout 2019, the Audit Committee discussed and provided recommendation to the Board of Commissioners
which included amongst others:

1. Prepared the work plan and program of Audit Committee for the year 2019;

2. Monitored and evaluated the Bank financial performance periodically;

3. Reviewed the proposed Financial Statements of the Bank;

4. Provided recommendation regarding external auditor appointment and discussed the external audit plan 2019;

5. Provided recommendation to the Board of Commissioners concerning the review of Internal Audit Charter;

6. Monitored and evaluated the implementation and the assessment by Internal Audit Unit in 2019 and monitored
the follow actions of the audit findings;

7. Provided strategic recommendation to support the implementation of duties and responsibilities by Internal
Audit Unit;

270 8. Reviewed the Audit Plan 2020 and the provided the recommendation to the Board of Commissioners based on
the result of the review;

9. Monitored the Bank compliance to the prevailing regulations;

10. Monitored the action and resolution for internal fraud cases;

11. Reviewed the Charter of the Audit Committee periodically;

12. Monitored the implementation of the Bank strategic actions.

The Nomination and Remuneration Committee

As obligated by the Regulations of Bank Indonesia PBI No.11/33/PBI/2009 concerning the implementation of Good
Corporate Governance for Sharia Commercial Bank and Sharia Business Unit, BTPN Syariah had established
Nomination and Remuneration Committee.

The establishment of the Audit was pursuant to POJK No. 34/POJK.04/2014.

The Charter of Nomination and requiring attention of the Board of Commissioners,
Remuneration Committee including amongst others:

The Nomination and Remuneration Committee 1. Regarding Remuneration Policy:

has the Charter that guides the undertaking its
a. To evaluate the remuneration policy;
duties and responsibilities that amongst others
governs: Organization, Membership Requirements, b. To evaluate the conformity between the
Independency, Duties and Responsibilities, remuneration policy and its implementation;
Remuneration Policy of the Board of Commissioners, and
the the Sharia Supervisory Board and the Board
of Directors, the Authority of Nomination and c. To provide recommendation to the Board of
Remuneration Committee, Work Ethics, Meetings, Commissioners regarding Remuneration Policy
Minutes of Meeting and Report, Reporting for the Board of Commissioners, the Board of
Responsibility, Term of Office, and others. Directors and Sharia Supervisory Board;

d. To review and provide recommendation to the

The Independency of Nomination and
Board of Commissioners regarding high level
Remuneration Committee
Remuneration Policy for employees taking into
1. Independent Commissioner is the member of consideration internal and external factors;
the Board of Commissioner who does not have
2. Regarding Nomination Policy:
financial relationship, management, shares
ownership, and/or family relationship with the
a. To provide recommendation to the Board of
other members of the Board of Commissioners,
Commissioners regarding the composition of
the Board of Directors and/or Controlling
the Board of Directors and/or the Board of
Shareholders or other relationship of whatsover in
Commissioners; 271
nature, which may influence his/her ability to act
in an independent manner. b. To provide recommendation regarding the
system and procedure for selection and/or
2. Independent Party is the party outside the
replacement of the Board of Commissioners
Bank who does not have financial relationship,
and the Board of Directors to the Board of
management, shares ownership, and/or family
Commissioners to be presented to the General
relationship with the members of the Board of
Meeting of Shareholders;
Commissioners, the Board of Directors and/or
Controlling Shareholders or other relationship of c. To provide recommendation regarding the
whatsover in nature, which may influence his/her candidate(s) of the member(s) of the Board of
ability to act in an independent manner. Commissioners, the Board of Directors, and
the Sharia Supervisory Board to the Board of

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

The Duties and Responsibilities of Audit Commissioners to be presented to the General
Committee Meeting of Shareholders;

The duties and responsibilities of the Nomination d. To provide recommendation regarding the
and Remuneration Committee refers to the latest Independent Party to be the member of
Charter of the Nomination and Remuneration the Audit Committee and Risk Monitoring
Committee 03/PedomanKerja/CSL/XII/2019 dated Committee to the Board of Commissioners;
17 December 2019.
e. To assist the Board of Commissioners in
The Committee is responsible to provide conducting performance evaluation of the
independent professional opinion to the the Board Board of Directors and/or the Board of
of Commissioners concerning the reports and other Commissioners;
matters presented by the Board of Directors to the
Board of Commissioners and to identify matters f. To prepare development program for the
members of the Board of Directors and/or the
Board of Commissioners.
 3. The Committee shall ensure that the remuneration policy will at least conform to the following:
a. financial performance;
b. fulfillment of the statutory reserves as set forth in the prevailing laws and regulations;
c. fairness to the fair group; and
d. the Bank long term strategy and objectives.

4. To keep the confidentiality of all document, data and information of the Bank;

5. Duties other than the above mentioned, as tasked by the Board of Commissioners to the Committee according
to its function and duties whenever deemed necessary.

The Composition of Nomination and Remuneration Committee

The latest Composition of Nomination and Remuneration Committee BTPN Syariah refers to the Board
of Directors Decree SK. 005/DIR/CSL/IX/2019 dated 2 September 2019 concerning the composition of the
Nomination and Remuneration Committee.

The Composition of Nomination and Remuneration Committee as of 31 December 2019 was:

No Name Position Date of Appointment

1 Kemal Azis Stamboel (President Chairman and Member 13 June 2014

Commissioner/ Independent Commmissioner) of the Committee

2 Dewie Pelitawati (Commissioner/ Member of the Committee 13 June 2014

Independent)

272 3 Mahdi Syahbuddin (Commissioner) Member of the Committee 7 April 2015

4 Yenny Lim (Commissioner) Member of the Committee 2 September 2019

5 Sulistyo Yuwono (Human Capital Head) Member of the Committee and Secretary 13 March 2017

The establishment of Nomination and Remuneration Committee has met all the terms and competency
requirement and in accordance to the good corporate governance principles.

The Authorities of Nomination and Remuneration Committee

1. The Committee is authorized to obtain full, free and unlimited access to information on employees, funds,
assets and other Bank resources in fulfilling its duties;

2. In exercising the authority, the Committee shall be working with the Directorate in charge of Human Capital
and/or other unit including engaging consultant whenever deemed necessary.

The Term of Office of Nomination and Remuneration Committee

1. The term of office of the members of the Committee shall not be exceeding the term of office of the Board of
Commissioners as stipulated the Articles of Association and can be reelected for the following term;

2. In the event that the member of the Board of Commissioners serving as the Chairman of the Committee
resigns before the end of the term as the Bank Commissioner, the Chairman of the Committee will be replaced
by the Independent Commissioner.

3. In the event that the term of office of the member of Committee has ended, and according to the regulation,
reelection is not possible, whereas at the same time, the Board of Committee is not eligible to appoint the
member of the Committee, then the term of the Committee membership will be extended until such a time
that the Board of Commissioner is eligible to appoint the new member of the Committee;

4. The replacement of the member of the Committee who is not the member of the Board of Commissioners
must be administered at the latest within 60 (sixty) days since the Committee member is not capable to
perform the duties.
The Profile of the Members of the Nomination and Remuneration Committee

The profile of the members of Nomination and Remuneration Committee is available in the Section: Profile of the
Board of Commissioners and Independent Party in this Annual Report.

The Meeting Policy of the Nomination and Remuneration Committee

1. The Committee will convene Meetings periodically, at least once every 4 (four) months or upon the request of
the Board of Commissioners;

2. The Committee meetings can be convened only if it is attended by at least 51% (fifty one percent) of the total
number of members, including one Independent Commissioner and Executive Officer;

3. The decision of the Committee Meeting must be made with consensus. In the event that consensus is not
achieved, the decision making will be administered through voting mechanism.

4. The Committee Meeting is chaired by the Chairman of the Committee;

5. In the event that the Chairman of the Committee is not present, then one of the Committee Member
attending the meeting will be appointed to chair the meeting;

6. The result of the Meeting shall be written the minutes of meeting and documented well;

7. The dissenting of opinions arising in the Committee Meeting shall be clearly stated in the Minutes of Meeting
including the reason for the such the dissenting of opinion;

8. The Committee is also allowed to make valid decision without convening a Committee Meeting, provided that
all the members of the committee are notified in writing and that all members of the Committee grant their
273
approval for the recommendation that are proposed in writing by signing the circular approval. The decision
made through such mechanism carries the same legal power as the decision that are made in the Committee
Meeting.

The Report of the Nomination and Remuneration Committee

In 2019, the Nomination and Remuneration Committee conducted 5 (five) meetings of Nomination and
Remuneration Committee and issued 1 (one) Circular Decision of Nomination and Remuneration Committee with
the recommendations that included amongst others:

1. The Committee recommendation to the Board of Commissioners regarding the annual total remuneration

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

2019 for the Board of Commissioners, the Sharia Supervisory Board and the Board of Directors; and
recommendation concerning the nomination and remuneration for the Independent Parties as the members of
the Audit Committee and the Risk Monitoring Committee;

2. Recommendation for the changes of the composition members of the Board of Commissioners BTPN Syariah;

3. Recommendation concerning the Plan to buy back the shares pursuant the regulation POJK No. 59/
POJK.03/2017 concerning the Implementation of Governance to Provide Remuneration for Sharia Commercial
Bank and Sharia Business Unit;

4. Concerning the remuneration proposal for one member of the Board of Commissioners that will be proposed in
the for Annual General Meeting of Shareholders 2020;

5. Concerning the end of the term of office of the Management (2017-2020).

 The Meeting of the Board of Commissioners’ Committees

In 2019, the frequency of meetings and the attendance of the Board of Commissioners’ Committees were, as
follows:

No Name Audit Committee Risk Monitoring Committee Nomination and Remuneration

Committee

1 Kemal Azis Stamboel 6/6 6/6 5/5

2 Dewie Pelitawati 6/6 6/6 5/5

3 Mahdi Syahbuddin - 6/6 5/5

4 Maya Kartika (a) - - 4/5

5 Lucy Susiana Noor 5/6 5/6 -

6 Tika Arundina 5/6 5/6 -

7 Sulistyo Yuwono* - - 5/5

8 Yenny Lim (b) - - -

Note :
(a) M
 aya Kartika has no longer served as the member of the Nomination and Remuneration Policy since 2 September 2019;
(b) Y
 enny Lim was appointed to serve as the member of the Nomination and Remuneration Policy since 2 September 2019 to replace
Maya Kartika;
* Member of Committee and Committee Secretary
274

The Integrated Governance Commmittee

The implementation of corporate governance in BTPN Syariah refers to Bank Indonesia Regulation (PBI) No.11/33/
PBI/2009 dated 7 December 2009 concerning Implementation of Good Corporate Governance for Sharia
Commercial Bank and Sharia Business Unit and PBI No.15/13/PBI/2013 concerning Amendment to PBI No. 11/3/
PBI/2009 regarding Sharia Commercial Bank.

The Establishment of Integrated Governance Commmittee

As obligated by POJK No.17/POJK.03/2014 dated 19 November 2014 and POJK No.18/POJK.03/2014 dated 18
November 2014 concerning Implementation of Integrated Governance for Financial Conglomeration, and SE OJK
No.15/SEOJK.03/2015 dated 25 May 2015 concerning Implementation of Integrated Governance for Financial
Conglomeration, Sumitomo Mitsui Bank Corporation (SMBC) Group had issued a letter dated 31 March 2015
which determined the members of Financial Conglomeration of SMBC Group as follows:

1. PT Bank Sumitomo Mitsui Indonesia (SMBCI) as the Main Entity;

2. PT Bank Tabungan Pensiunan Nasional Tbk (Bank BTPN) as the Member Entity;

3. PT Bank Tabungan Pensiunan Nasional Syariah Tbk (BTPN Syariah) as the Member Entity.

As the merger being effective, there was a change in the Main Entity of the Financial Conglomeration SMBC
Group, from previously SMBC Indonesia to PT Bank BTPN Tbk, pursuant to the confirmation from SMBC to
PT Bank BTPN in the letter dated 1 March 2019 and was reported by the Main Entity to the Financial Services
Authority on 4 March 2019.
The Main Entity and the Financial Services Institution as the member of the Financial Conglomeration SMBC as of
1 March 2019 was follows:

1. Main Entity
PT Bank BTPN Tbk

2. Financial Services Institution as the member of the Financial Conglomeration SMBC:

a. PT Bank BTPN Tbk
b. PT Bank Tabungan Pensiunan Nasional Syariah Tbk

The Duties and Responsibilities of the Integrated Governance Commmittee

According to the Charter of the Integrated Governance Committee, the duties and responsibilities of the
Committee shall at least include the following:

1. To evaluate the implementation of Integrated Governance, at least by assessing the adequacy of integrated
internal control and integrated compliance function; and

2. To provide recommendation to the Board of Commissioners of the Main Entity to refine the Guidelines of
Integrated Governance.

The Composition of Integrated Governance Commmittee

BTPN Syariah had nominated the member of the Integrated Governance Committee as the representatives
of BTPN Syariah according to the Letter No. S.241/DIR/LG/V/2017 dated 30 May 2017 addressed to BTPN and
Letter No.S.242/DIR/LG/V/2017 dated 30 May 2017 addressed SMBCI concerning Nomination of the Members of
Integrated Governance Committee BTPN Syariah 2017. 275

BTPN Syariah keeps the commitment to implement the integrated governance within the scope of financial
conglomeration.

The latest composition of Integrated Governance Committee as of 31 December 2019 was, as follows:

No Name Position

1 Irwan Mahjudin Habsjah* (Independent Commissioner BTPN) Chairman

2 Ninik Herlani Masli Ridhwan (Independent Commissioner BTPN) Member

3 Yosef Antonius Boliona Badilangoe (Independent Party BTPN) Member

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

4 Dewie Pelitawati (Independent Commissioner BTPN Syariah) Member

5 Muhamad Faiz (Member of Sharia Supervisory BTPN Syariah) Member

Note
*to replace A. Tony Prasetiantono

The Meeting of Integrated Governance Commmittee

In 2019, the Integrated Governance Committee had convened 2 (two) meetings and issued 1 (one) Circular Decision.
The meetings discussed amongst others:

1. First Meeting conducted on 23 July 2019

A. Changes of the Main Entity

1) The letter of SMBC dated 1 March 2019;

2) The letter of BTPN to Financial Services Authority Nomor S.184/DIR/CCS/III/2019 dated 4 March 2019.
 B. Charter and Membership of the Committee C. Workplan of the Integrated Governance
Committee 2020
The Charter of the Integrated Governance
Committee was approved by the members of 1) Evaluation of the implementation of
the Integrated Governance Committeee on 18 Integrated Governance based on the
June 2019. assessment of adequacy of internal
control and implementation of integrated
C. The Plan of Integrated Governance Committee compliance function ;
2019
2) Review the Integrated Governance
1) Evaluation of the implementation of Implementation Report to Financial
Integrated Governance (Semester I 2019) Services Authority;
– based on the assessment of adequacy
of internal control and implementation of 3) Preparation of Report of the Duties and
integrated compliance function; Responsibilities of Integrated Governance
Committee (Semester I 2019) to the Board
2) Review the Integrated Governance of Commissioners of the Main Entity of
Implementation Report (Semester I 2019) SMBC Financial Group;
to Financial Services Authority;
4) Review the Charter of Integrated
3) Preparation of Report of the Duties and Governance Committee and make
Responsibilities of Integrated Governance amendment as necessary;
Committee (Semester I 2019) to the Board
of Commissioners of the Main Entity of 5) Prepare the Annual Workplan of the
SMBC Financial Group; Integrated Governance Committee.

276 4) Review the Charter of Integrated D. Fraud Update BTPN Induk and BTPN Syariah.
Governance Committee and make
amendment as necessary; The Report of Integrated Governance
Commmittee
5) Prepare the Annual Workplan of the
Integrated Governance Committee. In 2019, the Integrated Governance Committee had
convened 2 (two) meetings that discussed amongst
D. Evaluation of the implementation of
others:
Integrated Governance as of 30 June 2019
1. Evaluation of the implementation of Integrated
E. Self Assessment Report of the
Governance based on the assessment of adequacy
implementation of Integrated Governance as
of internal control, evaluation of anti-fraud
of 30 June 2019
implementation and implementation of integrated
compliance function;
2. Second Meeting wa conduced on 14 November 2019

2. Review the Integrated Governance Self Assessment

A. Membership of Integrated Governance
Report and Integrated Governance Implementation
Committee
Report Semester I 2019 before its submission to
B. Review the Charter of Integrated Governance Financial Services Authority;
Committee
3. Report the activities related to the duties
There were not any new laws concerning and responsibilities of Integrated Governance
integrated governance, therefore there was Committee to the Board of Commissioners of the
not any amendment necessary for the Charter Main Entity;
of Integrated Governance Committee.
4. Review the Charter of Integrated Governance
Committee.
The Committee of the Board of Directors

In order to implement the corporate governance principles to support the effectiveness of the execution of duties
and responsibilities of the Board of Directors and to improve the quality of work, BTPN Syariah had established
the Board of Directors’ Committee.

The Asset and Liabilities Committee (ALCO)

According to the latest Decree of the Board of Directors No.015/DIR/CSL/IX/2018 dated 26 September 2018
concerning the latest Composition of ALCO Members which states that the membership of the Committee is ex
officio in nature consisting at least of the following:

No Position Membership – ex officio

1 Chairman of the Committee Director in Charge of Finance & Investor Relation

2 Secretary of the Committee Executive Officer in Treasury appointed by Director in Charge of Finance &
Investor Relation

3 Member of the Committee Director in Charge of Funding & Non TUR Business

4 Member of the Committee Director in Charge of TUR Business

5 Member of the Committee Executive Officer in Finance & Investor Relation

6 Member of the Committee Executive Officer in Risk Management

277
7 Member of the Committee Executive Officer in Financing Business TUR

8 Member of the Committee Executive Officer in Funding Business

Regular Invitee Officer appointed by Executive Officer in in Risk Management, that is the
Officer in Charge of Liquidity & Market Risk

Regular Invitee Officer appointed by Director in Charge of Business, that is the Officer in
Charge of Financing

The establishment of ALCO Committee has fulfilled the conditions and competency requirement according to the
CGC principles.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

The Duties and Responsibilities of ALCO

ALCO duties and responsibilities according to the latest ALCO Charter No.06/PedomanKerja/CSL/IX/2018 dated
26 September 2018 are, as follows:

1. To review, develop and determined the strategy, guidelines and policy of Asset Liability Management (ALMA);

2. To monitor the liquidity position of the Bank on regular basis by managing the primary and secondary reserves;

3. To monitor the development and strategy of third party fund and financing;

4. To study the development and projection of the overall economy as the basis to set the policy direction;
 5. To determine the boundaries and guidelines in managing and controlling risks that impact to Liquidity Risk
(Liquidity Management) and Market Risk;

6. To evaluate and set the pricing of financing rate and funding rate and Funds Transfer Price (FTP) or incentives
for inter office accounts to optimize the return of deposits, minimize cost of fund, and preserve the Bank’s
balance sheet structure in line with the Bank’s ALMA strategy;

7. To evaluate the position of the Bank’s rate of return risk and evaluate ALMA Strategy which ensures that the
Bank’s risk-taking position is consistent with its objectives in managing rate of return risk;

8. To review the performance and asset and liabilities position of the Bank to assess the impact of the previous
Committee decision to the Bank’s objectives;

9. To evaluate the actual achievement against the budget or the Bank Business Plan;

10. To inform the Board of Directors about any changes in regulations which may impact ALMA strategy
and policy.

The Report of ALCO

Throughout 2019, ALCO convened 12 (twelve) meetings that were conducted in the second week of every
month. Whenever required, the meeting could be convened at anytime upon the request of one of the
Committee members.

In every meeting the following subjects were discussed – the condition of macro economy, forecast, pricing of funding
and financing, funding concentration, liquidity indicators, control of liquidity risk and rate of return risk, including review
278 the threshold of liquidity risk as the tools to control liquidity risk, determination of gross yield, managing secondary
reserves and development of money market and development fixed income market, composition of deposits return
based on category.

The Meeting of ALCO

No Name Frequency of Attendance in the 12 (twelve)

ALCO Committee Meetings in 2019

1 Ratih Rachmawaty 8/12

2 Mulia Salim 12/12

3 Taras Wibawa Siregar 9/12

4 M. Gatot Adhi Prasetyo 12/12

5 Shita Satyawati Priandani 6/12

6 Hari Pudjo Santoso 9/12

7 Dwiyono Bayu Winantio/Dharma Putera* 5/12

8 Fachmy Achmad 11/12

9 Antonius Priyadi** 11/12

Note:
* Either Distribution Head 1 and/or Distribution Head 2 is eligible to attend
** Committee Secretary
The Information Technology Steering Committee

According to the latest Decree of the Board of Directors No.010/DIR/CSL/IX/2018 dated 26 September 2018
concerning the Composition of Information Technology Steering Committee which states that the membership of
the Committee is ex officio in nature consisting at least of the following:

No Position Information Technology Steering Committee Membership – ex officio

1 Chairman of the Committee Director in Charge of Information Technology

2 Secretary of the Committee Executive Officer in Information Technology appointed by Director in

Charge of Information Technology

3 Member of the Committee Director in Charge of Finance & Investor Relation

4 Member of the Committee Director in Charge of Operations

5 Member of the Committee Director in Charge of Funding & Non TUR Business

6 Member of the Committee Director in Charge of TUR Business

7 Member of the Committee Director in Charge of Human Capital

8 Member of the Committee Executive Officer in Risk Management

9 Member of the Committee Executive Officer in Operations

Regular Invitee Executive Officer in Human Capital

Regular Invitee Executive Officer in Finance & Investor Relation

279
The establishment of Information Technology Steering Committee has fulfilled the conditions and competency
requirement according to the CGC principles.

The Duties and Responsibilities of Information Technology Steering Committee

The duties and responsibilities of Information Technology Steering Committee according to the latest Charter
No.07/PedomanKerja/CSL/IX/2018 dated 26 September 2018 is that the Committee is responsible to provide
recommendation to the Board of Directors at least in the following matters:

1. Information Technology Strategic Plan in line with the Bank Strategic Plan;

2. Conformity of the Information Technology projects with the Information Technology Strategic Plan,

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

requirement for management information system and the need of the Bank business activities;

3. Conformity of the implementation of the Information Technology projects with the project charter;

4. The effectiveness of efforts to minimize the risks of the Bank’s investment on Information Technology as such
that the investment contributes to the achievement of the Bank’s business objectives;

5. Monitoring the Information Technology performance and its continuous improvement;

6. Providing effective, efficient and timely solutions to Information Technology problems that remained unsolved
by the users.
 The Report of Information Technology Steering Committee

In 2019, the Information Technology Steering Committee held 5 (five) meetings that discussed and provided
recommendation to the Board of Directors regarding:

1. Information Technology focus as the enabler of the Key Strategic Initiatives of BTPN Syariah by implementing the
Information Technology initiatives to support TUR Business Platform, improve productivity through automation
and improve risk management capability within the corridor of good governance in its implementation;

2. Initiate the development of core banking system to support the Islamic Banking products and features that are
complete and has better integration capability to support the new products of BTPN Syariah;

3. Initiate a new way of working in developing application by adopting agile development method and implementation
of digital platform technology;

4. Continue the development of supporting system for business and operations and Human Capital management of
the Bank;

5. Improve the Bank capability in risk-based information security;

6. Developing data management organization by implementing good data governances and commence the strategic
initiatives on data management.

7. Develop the infrastructure required to support digital initiatives and improvement of recovery capability.

280 The Meeting of Information Technology Steering Committee

No Name Frequency of Attendace in the 4 (four) meetings of

Information Technology Steering Committee in 2019

1 Mulia Salim 4/4

2 Ratih Rachmawaty 2/4

3 Taras Wibawa Siregar 2/4

4 M. Gatot Adhi Prasetyo 4/4

5 Yudi Sukendro* 4/4

6 Hari Pudjo Santoso 4/4

Note:
* Committee Secretary
Human Capital Committee

According to the latest Decree of the Board of Directors No. SK.011/DIR/CSL/IX/2018 dated 26 September 2018
concerning the Composition of Human Capital Committee which states that the membership of the Committee is
ex officio in nature consisting at least of the following:

No Position Membership – ex officio

1 Chairman of the Committee Director in Charge of Human Capital

2 Secretary of the Committee Executive Officer in Human Capital appointed by Director in Charge of
(and Member) Human Capital

3 Member of the Committee President Director

4 Member of the Committee Deputy President Director

5 Member of the Committee Director in Charge of Finance

6 Member of the Committee Director in Charge of TUR Business

Regular Invitee Director in Charge of Risk Management

The establishment of Human Capital Committee has fulfilled the conditions and competency requirement
according to the CGC principles.

The Duties and Responsibilities of Human Capital Committee

Duties and responsibilities of Human Capital Committee according to the latest Charter of Human Capital
281
Committee No. 08/PedomanKerja/LG/IX/2018 dated 26 September 2018 are, as follows:

1. To establish the policy, strategy and strategic objectives in the area of Human Capital;

2. To approve the implementation of Human Capital remuneration program;

3. To approve the recommendations that were beyond the authority of Division Head and/or Director in charge of
Human Capital.

The Report of Human Capital Committee

In 2019, Human Capital Committee convened 5 (five) meetings that amongst others discussed the following:

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

1. Results of Performance Appraisal 2018 and proposal for promotion, salary increase scheme and bonus pool
2019;

2. Preparation for open lock period program of Employee Stock Allocation (ESA), preparation of medical benefits
review, and proposal of Head Employees as the participants of Umroh BTPN Syariah Anniversary;

3. Report of Mid 2019 Performance Appraisal;

4. Continuation of Long-term Incentive Compensation for Senior Officer BTPN Syariah for the period 2020 –
2021;

5. Performance Appraisal Report, scheme for salary increase 2020 and bonus 2019, Special Reward 2019, limit
increase for medical benefit, and determination of health insurance vendor for the period 1 January –
31 December 2020.
 The Meeting of Human Capital Committee

No Name Frequency of Attendance in the 5 (five) Meetings

of Human Capital Committee in 2019

1 Ratih Rachmawaty 5/5

2 Mulia Salim 5/5

3 Taras Wibawa Siregar 5/5

4 Sulistyo Yuwono * 5/5

Note:
* Committee Secretary (and Member)

The Risk Management Committee

According to the latest Decree of the Board of Directors No. 012/DIR/CSL/IX/2018 dated 26 September 2018
concerning the Composition of Risk Management Committee which states that the membership of the Committee
is ex officio in nature consisting at least of the following:

No Position Membership – ex officio

282 1 Chairman of the Committee Director in Charge of Compliance and Risk Management

2 Secretary of the Committee Executive Officer in Risk Management

3 Member of the Committee Director in Charge of Funding & Non TUR Business

4 Member of the Committee Director in Charge of TUR Business

5 Member of the Committee Director in Charge of Operations

6 Member of the Committee Executive Officer in Finance & Investor Relation

7 Member of the Committee Executive Officer in Human Capital

8 Member of the Committee Executive Officer in Operations

9 Member of the Committee Executive Officer in Information Technology

Regular Invitee Internal Audit Head

Regular Invitee Executive Officer in charge of Business Risk

Regular Invitee Executive Officer in Operations in charge of Operational Risk

The establishment of Risk Management Committee has fulfilled the conditions and competency requirement
according to the CGC principles.
The Duties and Responsibilities of Risk Management Committee

The Duties and responsibilities of Risk Management Committee according to the latest Charter of Risk
Management Committee No.09/PedomanKerja/CSL/IX/2018 dated 26 September 2018 are, as follows:

1. To prepare the risk management policy and strategy including risk limit, and its updates, revision and
refinement;

2. To evaluate the conformity to risk management policy in its implementation;

3. To evaluate and provide recommendation on transactions or activities requiring the Board of Directors
approval;

4. To evaluate and provide recommendation on transactions or activities which deviate from normal procedures

The Report of the Risk Management Committee

In 2019, Risk Management Committee convened 10 (ten) meetings discussing the monitoring of all risk exposures
of the Bank. In addition to that, there was also discussion about the initiatives to improve the performance and
business activities of the Bank.

The recommendation of the Committee had been communicated to the related Unit and monitoring to the follow
up actions had been made.

For the purpose of risk monitoring, as the subsidiary, BTPN Syariah is obligated to report the consolidated report
to the Parent Bank on the 10 (ten) types of risks in the Bank and the consolidated report of Risk Profile, RBBR ad
ICAAP according to OJK regulations.
283

The Meeting of Risk Management Committee

No Name Frequency of Attendance in the 10 (ten) meetings

of Risk Management Committee in 2019

1 Arief Ismail 9/10

2 M. Gatot Adhi Prasetyo 8/10

3 Taras Wibawa Siregar 6/10

4 Mulia Salim 10/10

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

5 Fachmy Achmad 7/10

6 Sulistyo Yuwono 8/10

7 Dewo Triatmoko 6/10

8 Yudi Sukendro 9/10

9 Hari Pudjo Santoso * 8/10

Note:
* Committee Secretary
 The Business Committee

According to the latest Decree of the Board of Directors No. SK.013/DIR/CSL/IX/2018 dated 26 September 2018
concerning the Composition of Business Committee which states that the membership of the Committee is ex
officio in nature consisting at least of the following:

No Position Membership – ex officio

1 Chairman of the Committee Director in Charge of Financing Business TUR

2 Secretary of the Committee Executive Officer in Financing Business TUR

(and member)

3 Member of the Committee Director in Charge of Finance

4 Member of the Committee Director in Charge of Funding and Financing Non-TUR

5 Member of the Committee Executive Officer in Business Planning

6 Member of the Committee Executive Officer in Operations

7 Member of the Committee Executive Officer in Human Capital

8 Member of the Committee Executive Officer in Information Technology

Regular Invitee Executive Officer in Finance

Regular Invitee Executive Officer in Business Risk

Regular Invitee Executive Officer in Business Support

284 Regular Invitee Executive Officer in Transformation Process and Agent Banking

The establishment of Business Committee has fulfilled the conditions and competency requirement according to
the CGC principles.

The Duties and Responsibilities of Business Committee

The Duties and responsibilities of Business Committee according to the latest Charter of Business Committee
No. 010/Pedoman Kerja/CSL/XI/2018 dated 21 November 2018 are, as follows:

1. To monitor the development and strategy of Third-Party Fund and Financing Business TUR on regular basis;

2. To monitor Business Financial Performance of Financing Business TUR, Business Process, Business Risk and
Human Capital on regular basis;

3. To review proposal of new product or new initiative in TUR Business prior to its presentation to the Board of
Directors to secure approval;

4. To develop strategy, policy and guidelines of Financing Business TUR;

5. To study the development and projection of the overall economy as one consideration in setting policy direction.
The Report of Business Committee

In 2019, Business Committee convened 9 (nine) meetings with meeting agenda according to the Charter of the
Business Committee. Whenever required, the meeting could be convened at anytime depending on the internal
condition of the Bank and upon the request one of the members of the Committee.

Every meeting discusses the financing performance, funding performance, financing risk, key initiatives, human
capital and multifinance financing.

The Meeting of Business Committee

No Name Frequency of Attendance in the 9 (nine) meetings

of Business Committee in 2019

1 Taras Wibawa Siregar 9/9

2 Mulia Salim 7/9

3 Gatot Adhi Prasetyo 6/9

4 Yudi Sukendro 8/9

5 Dewi Nuzulianti 8/9

6 Dwiyono Bayu W ** 6/9

7 Dharma Putra * 9/9

8 Sulistyo Yuwono 8/9

9 Dewo Triatmoko 7/9 285

Note:
* Dharma Putra was appointed as the Business Committee Secretary (and Member) for the months January, February, March
and April.
** Dwiyono Bayu W. was appointed as the Business Committee Secretary (and Member) to replace Dharma Putra, for the
following months May, July, August, September, October and November.

The Financing Policy Committee

According to the latest Decree of the Board of Directors No.014/DIR/CSL/IX/2018 dated 26 September 2018
concerning the Composition of Financing Policy Committee which states that the membership of the Committee

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

is ex officio in nature consisting at least of the following:

No Position Membership - ex officio

1 Chairman of the Committee President Director

2 Secretary of the Committee Executive Officer in Risk Management

3 Member of the Committee Director in Charge of Compliance and Risk Management

4 Member of the Committee Director in Charge of Funding & Non TUR Business

5 Member of the Committee Director in Charge of TUR Business

6 Member of the Committee Internal Audit Head

The establishment of Financing Policy Committee has fulfilled the conditions and competency requirement
according to the CGC principles.
 The Duties and Responsibilities of The Responsibilities of Duties of the
Financing Policy Committee Financing Policy Committee

Duties and responsibilities of Financing Policy 1. Submit written report periodically to the Board
Committee according to the latest Charter of of Directors copy furnished to the Board of
Financing Policy Committee No. 014/PedomanKerja/ Commissioners concerning:
CSL/IX/2018 dated 26 September 2018 are, as
follows: a. Monitoring of the implementation of the Bank
Financing Policy;

The Duties of the Financing Policy b. The result of the monitoring and evaluation.
Committee
2. Provide sugesstions for improvement to the
1. Provide input to the Board of Directors in
Board of Directors copy furnished to the Board of
developing the Bank Financing Policy, especially in
Commissioners concerning the matters mentioned
relation to the application of prudent principle in
in the report point (1.a);
financing;
3. Should there be any deviation in the
2. Supervise the consistent implementation of the
implementation of the Bank Financing Policy
Bank Financing Policy and find solution should
related to the application of Sharia principles,
there be any obstacles in its implementation. The
such deviation must be informed to the Sharia
286 Committee will also review the Bank Financing
Supervisory Board.
Policy periodically to provide suggestions to
the Board of Directors on any amendment or
The Report of the Financing Policy
improvement to the Policy whenever deemed
Committee
necessary;
Pursuant to POJK No. 42/POJK.03/2017 dated 12
3. Monitor and evaluate:
July 2017 concerning The Obligation to Develop and
a. Development and quality of the overall Implement Bank Financing Policy for Commercial
financing portfolio; Bank, the Bank has established the Financing Policy
Committee.
b. The true implementation of Financing Approval
Authority; In 2019, the Financing Policy Committee had issued 1
(one) Circular Decision taken apart from the meeting,
c. The compliance of financing approval process that discussed amongst others the evaluation of the
and the quality of financing for certain party financing portfolio condition and the implementation
or certain big debtor of the Bank; of financing policy. The financing portfolio was
considered good, as reflected in the CAR growth of
d. The true implementation of legal financing 24.8%, NPF of 1.3% that is below average sharia
limit; industry. The implementation of financing policy was
considered good, as reflected amongst others from: no
e. Compliance to the prevailing laws and
violation of legal lending limit and any deviation was
regulations in the financing process;
kept within the approved threshold.
f. Resolution of problem financing according to
The result of the meeting had been documented well
the provisions in the Bank Financing Policy;
according to the Charter of the Committee.
g. The Bank efforts to fulfill adequate amount of
provision for financing write off;

h. Implementation of Sharia Principles in

financing process.
corporate social responsibility

All activities in the Corporate Social Responsibility is oriented to the fulfilment of the rights
of stakeholders that are undertaken within the boundaries of compliance and with full
responsibility, in line with the Sharia principles. With the principle “Do Good Do Well”, the
Bank takes all the effort to do good and give back all the goodness that the Bank receives to
all stakeholders.

The Corporate Social Responsibility activities is implemented through Daya, training

activities and empowerment activities that are integrated in the business of the Bank to
strengthen financial literacy and financial inclusion. For the Bank, doing business should go
beyond delivering financial performance, but more importantly is to create wide positive
social impacts to the productive underprivileged customers by involving #bankirpemberdaya
(bankers who empower), wealthy customers and Sahabat Daya.

Previously Daya had been structured into 3 Pillars; in 2019, Daya classified the activities
under two categories, that was Daya Program Reguler and Daya Program Komunitas. This
change was intended to integrate the activities to the relevant category to make it more
functional and relevant to the focus, while remain focused and measured. Through several
training and empowerment programs in Daya, the Bank intended to create opportunities for
growth and improve the quality of life of productive underprivileged customers, so that they
will feel the meaning of changes and how their good intention can manifest sooner.
287
Daya Program Reguler

The activities of Daya Program Reguler include discussion, sharing session and giving tips on
general topics such health and entrepreneurship packaged in brief modules that are relevant
to the customers conditions.

Daya Program Komunitas

The focus of Daya Program Komunitas is to address the needs for skills and capacity
enhancement of the customers or the communities through more specific and more
effective material such as training, workshop, research and collaboration with partner or

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Sahabat Daya.

Tepat Peduli

Di 2019, Daya launched Tepat Peduli, that simultaneously built infrastructure in 1,000
points of operational locations of the Bank all over Indonesia in collaboration with selected
partners and tailored to the needs of the local communities such as religious, sanitation,
health, environmental and other facilities.
 Creating Positive Working Place

Providing Working Opportunity and Gender Equality

In 2019, BTPN Syariah continued to prioritize providing working opportunities that considered gender
equality. Maintaining the focus on women empowerment by Melati Putih Bangsa as the frontliner of the
company, BTPN Syariah emphasized gender equality for the employees and candidate employees and
provided the equal opportunities regardless the tribe, race, age, religion and gender. Gender equality in
BTPN Syariah was reflected in the leadership composition in BTPN Syariah including the composition of
the Board of Directors, the Board of Commissioners, and the Sharia Supervisory Board and the Executive
Officers, as follows:

Composition Number Female Male

Board of Directors 5 1 4
Board of Commissioners 4 2 2
Sharia Supervisory Board 2 0 2
Independent Committees 2 2 0
Senior executive (including Executive Officer) 149 47 102
Supervisor 1,350 1,064 286
Staff 9,983 9,729 254

288 2018 2019

Education
Female Male Female Male

Post-Graduate 16 33 18 41
Bachelor 4,560 438 4,550 436
Diploma 1,065 97 1,020 89
High School Equivalent 5,200 103 5,257 84

2018 2019
Status
Female Male Female Male

Permanent 4,597 583 4,529 580

Non Permanent 6,244 88 6,316 70

Age Number 2019 Female Male

< 25 years 5,786 5,744 42

25 - 29 3,791 3,684 107
30 - 34 1,312 1,128 184
35 - 39 319 171 148
40 - 44 136 52 84
45 - 49 102 46 56
50 - 54 39 16 23
55 - 59 8 3 5
> 59 years 2 1 1
Employee Rotation and Strengthening of Corporate Services Division communicates the
Infrastructure latest safety condition in the work environment and
provides centralized important information and
BTPN Syariah carries the dynamics of an agile and solution that are necessary for the employees through
relevant organization. In 2019, the Bank rotated the respective unit heads.
the Officers in the squad arrangement as the
implementation of the new way of working (agile). To ensure the work safety from the occurence
This rotation is aimed at providing more exposure, of extreme and emergency situation, on regular
increased competency and new challenges to talents basis the Safety Management Unit conducts fire
of the organization. drill to anticipate the event of fire by educating
employees about safety awareness. Fire hindrance
Automation in the business operational processes and standard medical supplies are available in every
to support the development operations system and floor, to facilitate safety support and emergency
information technology had created more efficient first response for the employees. To ensure smooth
span of control, flatter organizational structure, more evacuation process, wheelchairs are provided for
balanced work-load, that eventually leading to better employees who cannot walk due to illness or suddenly
employee productivity. become unconscious.

Health and Work Safety BTPN Syariah consistently conducts socialization

to the Branch Officer and Wisma to emphasize
Health and safety at work in BTPN Syariah is fully the importance of safety riding, the procedures to 289
supported by the whole organization, from the ride motorcycle correctly and the importance of
top level and all levels of employees. BTPN Syariah safety in the street for the Community Officers.
consistently emphasizes health and work safety of all The refreshment program about work safety is also
employees to prevent to prevent the employees from conducted on regular basis through email to all
the work risks and work-related diseases in order to employees providing important tips in keeping safety
create a positive and secure working environment. at work and health tips to prevent any diseases.

BTPN Syariah cares about employee health and safety BTPN Syariah ensures the fulfilment of the equal
according to the Company Regulation in the provisions rights for all employees to obtain health insurance
about health and work safety procedures. and health facilities during their employment with the
Bank. The Bank has registered all employees as the
BTPN Syariah is committed to provide employee

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

members of BPJS and provided health insurance and
protection from various risks in the work, such as
other health facilities for the employees.
accident risk, fire, or natural disaster. On regular basis,
the Safety Management Unit under the coordination
 Work Accident Rate security in the social media, including preventing
crime through email phising. Several tips to use
The Company provides guarantees according to the Public Spot are distributed to the employees to
prevailing regulations and other guarantees for the create awareness and protection of communication
employees who died due to acciddent during the channel and to prevent the employees from any crime
working hours. by irresponsible parties through social media. The
tips and encorugament includes the tips to prevent
The company also continues the campaign on safe
downloading anything in the public space, being
driving procedures to the employees.
cautious for every pop up advertisement when using
public hot spot and not to click any advertisement
Increased Disclosure of Information without knowing the validity.
through Social Media
In addition to disclosure of information through social
As part of the implementation of Corporate
media, the Communication and Daya Division also
Governance for Public Companies, particularly
conducts socialization programs and encouragement
the “Principle – Improving the Implementation of
through email blast to all employees about the
Disclosure of Information”, that as a Public Company,
importance of maintaining health and creating
BTPN Syariah has utilized information technology in
positive, healthy working environment. Several
a wider context, besides the websites as the media
interesting illustrations are presented to convey the
for disclosure of information, in 2019 the Bank also
information about the Virus Alert, Ancitipating the
290 utilized social media to disseminate the information
Rainy Season, Invitation to Health Corner, Love Your
about the profiles of employees and inspirational
Heart, and information that BTPN Syariah provides
customers as well as the media to share corporate
three health insurance for all #bankirpemberdaya.
activities and Tepat socialization through Instagram,
LinkedIn, Facebook and Youtube. BTPN Syariah respects the freedom to use social
media by employees as long as such freedom does
Under the coordination of Communication and DAYA
not create any risks to the information of ownership,
Division, BTPN Syariah has updated the information
confidentiality and company reputation.
about social media on regular basis to employees. The
Bank employees are encouraged to be careful and In order to minimize the risks to the company and
polite in communicating the aspiration, both personal employees, BTPN Syariah develops internal guidelines
and in the corporate activities that are directly to provide the parameter and clarity for the
uploaded to the social media. employees about the behavior in social media that is
in accordance to the social ethics.
From the perspective of social media internal
security, BTPN Syariah conducted regular corporate
socialization program concerning the how to keep
Education and Training In 2019, BTPN Syariah, facilitated by Human Capital
Division, conducted 524 training sessions attended by
According the the Bank Business Plan, the training and 10,433 participants.
development program is conducted not only through
internal and external training in the relevant subjects, Employee Remuneration and Benefit
but also through assignments to explore and develop Management
the potential of the employees. This is intended
to create a more effective and efficient training The Bank provides recognition and remuneration for
program. employees based on merit taking into consideration
the market practices in the industry, internal equity
The Human Capital Division prepares the policy, and the company capability. The initiative to provide
procedures and work processes to support training special recognition to the MMS employees with
and development to ensure that the training is good performance at the end of 2019 was one of the
according to the prevailing rules and regulations appreciations for revenue contributor. This initiative
related to the obligation to provide training in was also intended to strengthen staff engagement
BTPN Syariah. and reduce employee turnover in MMS.

Collective training programs have also been In managing health benefits, in 2019 the Bank
administered by using e-learning modules and conducted regular health education and consultation
gamification as effective approach for millenials for the employees, in collaboration with commercial
employees (born at the year 2000 and after) that health insurance provider. This is important to build 291
represents the majority fo the employee population in constant awareness of the employees to always
the field. maintain health of one’s self and the family. Health
articles are also disseminated through email to
Employee development program for leadership level in
employees on regular basis.
BTPN Syariah was conducted amongst others through
training to understand personal strengths and how
to strengthen the strengths to become effective
The Mechanism for Employment
leaders. Scholarship program for Post-Graduate
Complaints
study is provided in collaboration with business Eventhough Labor Union does not exist in BTPN
schools and leading universities in Indonesia in order Syariah, the company is committed to provide fair
to develop talents in the middle management level so treatment and attention to all employees. The

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

that they apply advanced mindset and are prepared Company will take actions for every complaint related
the challenges of the organization ahead. In-depth to work condition from the employees. The immediate
assessment program is also conducted to build the supervisor is obliged to take actions for such
benchstrengths of future leaders. complaint, and in the event that the complaint is not
resolved by the immediate supervisor, an escalation
Collaboration program with universities has also been
process to elevate the case is administered.
established. The students are brought to the field
to understand business, working process and assist Industrial Relations Unit in Human Capital Division
customers directly. BTPN Syariah expects the ideas is in charge to handle the complaints related to
and creative solution of the improvement proposed manpower according to the prevailing regulations in
by the students, so that the collaboration program BTPN Syariah.
benefits both parties.
 Work and Social Balance The main objectives of this program is to build
Health Awareness (such as guidance of healthy
As part of the corporate social responsibility to create living habits and healthy eating habits) that will
healthy, dynamic and positive working environment eventually improve the employee performance
for the employees, BTPN Syariah is committed to free from any diseases. The other program of
ensure a balanced condition between work and social the Health Corder is seminars on health involving
life. The Bank provides the facilities for the employees experienced doctors.
to do healthy, sport and religious activities for the
employees. In addition to Health Corner, BTPN Syariah
also has another consultation media, namely
1. Sport and Health Employee Assistance Program. The program uses
counselling method with experts including Clinical
BTPN Syariah provides resources to create a
Psycohologyst for Adult and Children, Industrial
healthy living culture by facilitating sport hobby
and Organizational Psychologist, Educational
of the employees across divisions through
Psychologist, Financial Consultant, and even
PRISMA Club. Promoting synergy across units,
Certified Career Coach to help employees with
the activities are expected not only to create
practical, positive and focused advices to improve
positive health culture in the work place, but
work productivity and maximise potential without
also to encourage creativity and achievement
any problem.
in sport. Several sports, such as running, futsal,
292 and badminton, are part of the sport activities BTPN Syariah provides three important
under PRISMA Club facilitated by the bank. The guarantees for #bankirpemberdaya including
provision of logistics such as renting the court and Health Insurance, BPJS Health and BPJS
professional trainer will ensure the sport activites Employment. Every protection is equipped with
are conducted safely and correctly to avoid the card and e-ID to facilitate the employees to obtain
risks of injury. the services and benefits of the program. The
program is aimed at providing the employees
Continuing the health program for employees,
with the first level health facility, insurance for
under the coordination Industrial Relations Human
employees requiring medical treatment due to
Capital, BTPN Syariah provides the avenue for
accident in the provider hospital according to the
the employees to consult with medical experts,
regulations, and facility for old age protection
through the event “Health Corner” held once a
when the employees no longer work.
month. The Health Corner program is to provide
free facility for the employees to do routine health
check including blood pressure, blood sugar level,
cholesterol and other tests. The session also
includes direct consultation with medical expert
from leading hospital that collaborates with BTPN
Syariah.
2. Social Religious of the Directors and Senior Officers in
communicating the updates of the activities of
Under the coordination PRISMA Club, BTPN each division is designed in a relaxing atmosphere
Syariah provides the resources to address the with interactive style.
needs of the employees about having social-
spiritual balance, by conducting regular session on BTPN Syariah keeps harnessing the talents of the
Islamic spiritual enlightenment on Friday (Graceful employees by opening the opportunities to the
Friday) and other session (Session “1 hour with employees to participate the corporate activities
Ustadz”). Deepening the spiritual faith is one way such as inviting them to serve as volunteers in
to prepare future leaders with strong character the Selendang Mayang, a program to display
according to Sharia principles. the creation of the customers, to participate as
committees in Appreciation Night, as volunteers
BTPN Syariah provides a Mushola facility in the in Granting Umroh Tickets Ceremony for
Head Office for the employees to do prayer, Inspirational Customers, as committees in the
complete with the locker and ablution facility. Anniversary of BTPN Syariah, as volunteers in the
TEPAT Socialization in several cities in Indonesia
All corporate activities in BTPN Syariah are always
and other corporate activities.
started with prayer, that has become a culture
that prevails from time to time. Employee Engagements in BTPN Syariah is further
strengthened through “sharing media” through
3. Employee Engagements
BTPN Syariah Cares for Flood and Cares for 293
To accelerate information dissemination to all Earthquake. The employees were not only trained
employees, BTPN Syariah provides the media to mentally to share their income, BTPN Syariah was
disseminate information about BTPN Syariah also involved in providing the goods for primary
and national banking to the employees, that are needs such as used clothing, blanket, medicines
packaged in a brief, concise and informative media and food.
through e-newsletter. It provides information
4. Appreciation for Customers’ Creations
about health tips such as Emergency First
Response in Vertigo Attack, Health Alert, The As a form of appreciation to the customers’
Danger of Antibiotic Resistance, Campaign to creations, BTPN Syariah holds exhibition event
Safeguard the Dignity and Safeguard the Safety “Selendang Mayang” once a year in the office
to remind the employees about the importance hall. This program is intended to invite all the

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

of alert and cautious driving and the effect of employees to know the customers deeper through
committing fraud. their works. All employees can participate and
purchase the works of the customers. As such,
Other approach to promote employee
not only that BTPN Syariah creates opportunities
engagement in BTPN Syariah is by conducting
for growth but also allows the employees to enjoy
interactive dialogue and Senior Officers Quarterly
the creation of the customers. This will eventually
Briefings attended by Senior Officers in Head
strengthen the engagement between the
Office with limited audience. The involvement
employees and the customers.
 Several works of the BTPN Syariah customers 7. New Way of Working (NWW)
are displayed in the Lobby in the Head Office
and Branch Offices of BTPN Syariah. This mode BTPN Syariah has implemented the New Way of
of appreciation to the customers’ creation also Working for the employees. The Bank has provided
allows the external parties visiting BTPN Syariah a floor specially dedicated to the Special Team
to know their works. This is another value added who works with the Agile Method and Way of
for the customers of BTPN Syariah. Working.

5. Fair Treatment to All Employees To support NWW, BTPN Syariah develops policies
that provides several flexibilities for the Employees
BTPN Syariah is committed to provide the equal to decide the working hours and wear more
opportunities to all employees in their career informal dress code while still abide by the norms
and develop them through a fair performance and social ethical parameters, in the options Flexi-
management system. Style and Flexi-Time. Those options got positive
response from the Employees.
To appraise employee performance, the company
set up clear and measureable key performance 8. Anti Corruption and Anti Money Laundering
indicators that are mutually agreed by the Policies
supervisor and the subordinates. The employee
performance appraisal is based on merit and does BTPN Syariah applies zero tolerance for all types
not involve any subjectivity. of bribery (including and/or from the customers,
294 vendors, government officials, employees) and
6. The Use of Company Facility corruption. Any violation in this matter will be
processed through civil or criminal law procedures
Located in the Head Office of BTPN Syariah, is a according to prevailing regulations. The provisions
room called Beranda (Veranda), a room dedicated on this policy is stipulated in the Code of Ethics
for employees to do light activities and take a BTPN Syariah.
rest. Designed in a modern and bright colour style,
equipped with some game facilities such fusball, BTPN Syariah is fully committed to implement
billiard, and musical studio and karaoke that can the regulation concerning Anti-Money Laundering
be used after office hours. The big flat screen TV and Combating the Financing of Terrorism (AML/
is equipped with speaker and technology for the CFT) including the implementation of Know
employees to watch together. Your Customers principles. BTPN Syariah and all
the employees have to act carefully to prevent
BTPN Syariah also provides canteen and pantry the use the products and services for money
for the employees. For breastfeeding mothers, the laundering and terrorism financing purposes;
Head Office is completed with lactation room with and detect suspicious transactions according to
a refrigerator. the regulations.
Corporate Social Responsibility for the the use of electricity, using energy-saving lamps
Environment complete with movement sensor that manages the
needs for lights. The building management only needs
The Company always strives to realize and deliver to place lamps in several locations to enable lighting
positive contribution and synergy to the environment for a number of peole and will automatically turn off
and society. This is the manifestation of our concern when no movement is detected in the room.
to improve the quality of life on earth. The company
makes this endeavor this by using natural resources in Another environmentally friendly concept applied
responsible manner and conducting business practices in the office to manage electricity energy is the use
that provide protection to the customers. of glass in the window that allows the sun light to
freely enter the working space. The use of the window
Responsible Use of Natural Resources glass also reduce the use of lamps in the day light.
The rooms in BTPN Syariah is equipped with air
Environmentally Friendly Head Office condition facility for the comfort of the employees
and the use the air condition is managed with limited
To keep on reducing the environmental impacts in
operation time.
banking industry, where the bank is exposed to the
impacts from energy resources such as electricity, The Head Office in Menara BTPN Building has
water and air; also exposed to the elements of employee canteen with self-service concept, where
supporting activities that become the cause of the waste of the food is organized and managed well.
environmental impacts such as plastics and paper, This facility is also completed with energy-saving 295
BTPN Syariah applies the environmentally friendly food heater. The employee canteen provides cutlery
concept in the working environment in Head and drinking facilities to reduce the use plastics and
Office and Branch Offices in the daily execution of therefore reduce plastic wastes. The company also
operational activities. provides water purifier for the employees that had
passed the test of the Ministry of Health of the
Management of Resources from Electricity, Water
Republic of Indonesia. The use of water purifier will
and Air
reduce the consumption of plastic bottled water and
BTPN Syariah officially operated in the new Non- therefore reduce the plastic waste from the plastic-
Operational Head Office according to the Letter of bottled water.
Agreement from Financial Services Authority No.
All the rooms in BTPN Syariah is non-smoking so that
S-36/PB.13/2017 dated 14 February 2017.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

the cleanliness of the office environment is always
The new Head Office applies the concept of maintained. In synergy with the Parent Company,
environmentally friendly building where the choice of BTPN Syariah provides commuter transports for the
materials and design had used the natural-sourced employees to transport around the Head Office areas
materials. The concept applied by Head Office in to reduce the use of cars and the use of fuel.
managing the electricity energy resource is by limiting
 The environmentally friendly concept is also Managing environment in extending financing
applied in the Sharia Branch Offices and other
Functional Offices. According to Sharia Principles, BTPN Syariah is very
selective in extending financing to the productive
Not only reducing the carbon gas emissions underprivileged customers by not extending financing
from the use electricity, water and air; the use of facilities to the customers whose businesses are doing
environmentally friendly concept in the offices of harms to the environment and are not in adherence to
BTPN Syariah also reduces operational cost of the the Sharia principles.
office in the long run.
Customer Protection Practices
Managing the Use of Paper
Organization Structure
Management applies paperless concept in most of
Corporate Meeting. BTPN Syariah manages the use of The Customer Complaints Settlement Unit in BTPN
paper by optimizing email. Managing the use of paper Syariah is a unit under the supervision of Operational
is also done by the strategic move of BTPN Syariah Function in the Directorate in charge of Information
in improving the services in the field by providing Technology, Operations, and Transformation Process.
platform in information technology, amongst others The unit was established by the Bank to manage and
the availability of electronic financial access for the settle the customer complaints. This unit is equipped
customers and the use of tablets for the employees with the Policy and Procedures to manage, settle and
to processing banking transactions, which therefore report the customer complaints.
296
reduce the excessice use of paper.
The Mechanism of Managing Customer Complaints
BTPN Syariah re-uses the table calendar to be
distributed to the Employees. All used calendars are BTPN Syariah had established the mechanism of
collected at the end of the year to be re-cycled. managing customer complaints. The complaints are
communicated through contact channel comprising
Managing the Use of Plastic of Branch Office, Branch Supporting Office, and
Operational Functional Office all over Indonesia
Reducing the use of plastic is actively initiated by
and BTPN Syariah Call Center (1-500-300). In 2019,
BTPN Syariah.
in response to the needs of Tunas Usaha Rakyat
Customers, BTPN Syariah added a Call Center
In 2019, BTPN Syariah obliged the Employees to use
number: the Toll Free Number (0-800-1500-300).
tumbler in the working space and in the meeting room.
The use of tumbler is one of the efforts to reduce the
use of water bottled in plastic materials.
All the customer complaints are processed free of charge throughout the mechanism of processing customer
complaints.

a. The complaint is registered by PIC contact channel to be submitted to the Customer Complaints Settlement
Unit which will then take action to the complaints according to the policies and procedures in BTPN Syariah;

b. The Customer Complaints Settlement Unit will monitor to ensure the customer complaints are settled, both
the customer complaints through PIC contact channel and through the application traceable in the Integrated
Customer Service System of Financial Services Authority.

c. On regular basis, the Customer Complaints Settlement Unit submits the consolidated report of the customer
complaints to the Regulator according to the prevailing regulations.

The Number of Customer Complaints

a. In 2019, BTPN Syariah received 9,468 incoming contacts, consisting of 86.1% request dan 13.9% complaints.

b. The Statistics of the Customer Complaints Settlement in 2019 is as follows:

Completed In Process Number of

No Products and Services
Number Percentage Number Percentage Complaints

1 BTPN Wow! Syariah 897 73.65% 321 26.35% 1,218 297

2 PMD 74 100.00% - - 74
3 ATM 8 100.00% - - 8
4 Mobile Banking 7 100.00% - - 7
5 Others 4 100.00% - - 4
Total 990 75.51% 321 24.49% 1,311

* All the customers complaints are settled in less than 20 working days.

BTPN Syariah keeps on improving the process of managing customer complaints by improving the
infrastructure and the process in settling customer complaints as the commitment of the Bank in delivering

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

customer satisfaction.
298
 06
company data
299

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

300
executive officers

No Name Description

1 Ahmad Rifqi Multifinance Head

2 Andrew Adhitia Analytics & Market Intelligence Head

3 Dewi Nuzulianti Business Planning Head

4 Dharma Putera Distribution Head 1

5 Dwiyono Bayu Winantio Distribution Head 2

6 Fachmy Achmad Finance & Investor Relation Head

7 Gatot Prasetyo Internal Audit Head

8 Hari Pudjo Santoso Risk & Fraud Management Head

9 Johanes Hermawan Sugianto Process Transformation & Agent Banking Head

301
10 Larasati Moerdijat Daya & Communication Head

11 Mohamad Rizal Business Support Head & Pjs Partnership Head

12 R. Dewo Triatmoko Operations Head

13 Dra. Rena Mutia Indriani Compliance Head

14 Roy Iskandar Business Risk & Development Head

15 Rr Shita Satyawati P Retail & Wholesale Funding Head

16 Sulistyo Yuwono Human Capital Head

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

17 Yudi Sukendro Information Technology Head

18 Yunita Cahaya Haerani, SH.H.Hum Corporate Secretary & Legal Head

 products and services

Tepat Tabungan
funding Can be opened without minimum initial deposit
based on akad wadiah yad dhamanah. Customers
are eased with facilities to do banking transactions
in all BTPN Syariah Branches with free monthly
administration fee.

Tepat Tabungan Platinum

Saving account with profit-sharing-agreement (akad
mudharabah mutlaqah) with unlimited cash withdrawal
facility and free monthly administration fee (terms and
conditions applies) for optimum return.

Tepat Tabungan Rencana

302
Means for savings ahead, so that one’s dreams can
be realized with ease offering options of monthly and
term deposits. (akad wadiah yad dhamanah)

Rekening Tabungan Jamaah Haji

Saving product for customers who plan to do Hajj
Pilgrimage in the Holy Land. Using wadiah yad dhamanah
akad, this secured and guaranteed product is equipped
with online connection with SISKOHAD in the Ministry of
Religious Affairs of the Republic of Indonesia.

Tepat Tabungan Syariah Agen

Saving product operated with cellular phone (USSD) or non-
cellular phone (QR code). The customers can do transaction on
their own or through the Agents of BTPN Syariah. This product is
to support financial inclusion that provides ease for the customers
to process financial transactions such as bills payment, airtime
purchase, fund transfer, and cash deposit and cash withdrawal
transactions through the Agents of BTPN Syariah.
 Tepat Tabungan Syariah
Saving product with akad wadiah yad dhamanah provided
specifically for Tepat Pembiayaan Syariah financing
customers.

Tepat Giro
A current account with akad wadiah yad dhamanah
giving the flexibility for the customers to do
transactions using Cheque/Bilyet Giro.

Tepat Deposito
303
Time deposits with profit-sharing-agreement (akad
mudharabah mutlaqah) between the Bank (mudharib) and
the customers who owns the fund (shahibul maal) that offers
various maturies ranging from 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12,
18, and 24 months in Rupiah currency.

financing Tepat Pembiayaan Syariah – Group

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Financing program dedicated for productive underprivileged
women with buying-selling agreement (akad wakalah wal
murabahah). Tepat Pembiayaan Syariah (previously PMD) focuses
on building the character and behaviours of Courage to Do
Business, Discipline, Hard Work and Solidarity.

Tepat Pembiayaan for Financing Companies

Working capital financing aimed at Sharia Financing Companies,
through profit sharing agreements (akad musyarakah), to increase the
Bank’s assets and potential strategic partnerships to meet financing
customers’ needs that currently cannot be met by BTPN Syariah (for
example: for financing of two-wheeled or four-wheeled vehicles), then
BTPN Syariah in collaboration with the Parent Bank, provides financing
for financing companies, for product diversification.
 office network

Office Name Address Phone

DKI JAKARTA
KPNO-Menara BTPN Menara BTPN, Lt. 12 CBD Mega Kuningan, Jl. Dr. Ide Anak Agung 02130026400
Gde Agung Kav.5.5-5.6, Kel. Kuningan Timur, Kec. Setiabudi, Jakarta
Selatan
KC Jakarta-Menara Kadin Menara Kadin Indonesia, Jl. HR. Rasuna Said Blok X-5 Kav 2 & 3, 0215274601
Jakarta 12950
ATM KC Jakarta-Menara Kadin Menara Kadin Indonesia, Jl, HR. Rasuna Said Blok X-5 Kav 2 & 3,
Jakarta 12950
KC Jakarta-Pondok Indah Rukan Plaza 5 Pondok Indah Kav. A.12, Jl. Marga Guna, RT 004/RW 02129428280
015, Kelurahan Gandaria Utara, Kecamatan Kebayoran Baru, Jakarta
Selatan
LSB Bank BTPN KCP Gajah Jl. Gajah Mada No.112-112A Jakarta 11140 0216497545
Mada
LSB Bank BTPN KCP Mangga Wisma Eka Jiwa No. RM/16 Jl. Arteri Mangga Dua, Jakarta Pusat 0216257600
Dua 10730
LSB Bank BTPN KCP Taman Taman Palem Lestari Blok D1 No. 1 E – F, Cengkareng – Jakarta Barat 08121061228
Palem 11730
LSB Bank BTPN KCP Pik Rukan Cordoba Blok D No. 8 - 9, Bukit Golf Mediterania, Jl. Marina 02156983648
Raya, Pantai Indah Kapuk, Jakarta - 14470
LSB Bank BTPN KCP Pluit Komplek CBD Pluit, Blok S No. 6 Jl. Pluit Selatan Raya, Jakarta Utara 02166677043
14440
LSB Bank BTPN KCP Tanah Jl. KH Fachrudin 36 Blok BB No. 1, Jakarta – 10250 02198497986
304 Abang
LSB Bank BTPN KC Panglima Jl. Panglima Polim Raya No. 67 A-B, Kebayoran Baru, Kelurahan 02198497987
Polim Melawai, Kecamatan Kebayoran Baru, Jakarta Selatan 12160
LSB Bank BTPN KCP Kelapa Rukan Kelapa Gading Jl. Raya Boulevard Barat, Blok LC 7 No. 8-9, 02198497985
Gading Kelapa Gading, Jakarta Utara 14240
LSB Bank BTPN KCP Pondok Ruko Pondok Indah Plaza I, blok UA No.64, Jl. Metro Pondok Indah, 02191274087
Indah Jakarta 12310
LSB Bank BTPN KCP Sunter Ruko Sunter Puri Mutiara, Perumahan Puri Mutiara Blok A Kav 72-73 02165310510
LSB Bank BTPN KCP Bsd Ruko Bidex Blok C No. 1-2, BSD City, Lengkong Gudang, Serpong, 0267416022
Tangerang Selatan 15321
LSB Bank BTPN KCP Kebon Komplek Ruko Intercon Plaza Kebon Jeruk, Blok A No 6, Kembangan, 02158904843
Jeruk Intercon Jakarta Barat - 11630
LSB Bank BTPN KCP Tomang Jl Tomang Raya No 32, Tomang, Jakarta Barat 02129414731
ATM KC Jakarta-Pondok Indah Rukan Plaza 5 Pondok Indah Kav. A.12, Jl. Marga Guna, RT 004/
RW 015, Kelurahan Gandaria Utara, Kecamatan Kebayoran Baru,
Jakarta Selatan
JAWA BARAT
KFNO Naripan Jl. Naripan no 106 Ruko The 7th Junchion No 3A, RT 05 RW 05, 02220503920
Kelurahan Kebon Pisang, Kecamatan Sumur Bandung, Kota Bandung,
Propinsi Jawa Barat
KC Bandung-Sunda JL. Sunda No 27 D, Kelurahan Kebon Pisang, Kecamatan Sumur 0224234241
Bandung, Kota Bandung
KFO Jatibarang Jl. Mayor Dasuki No.65, Kel. Jatibarang, Kec. Jatibarang, Kabupaten 02347142239
Indramayu, Jawa Barat
KFO Pilang Sari Jl. Pilang Raya No 514, RT.06, RW.03, Kel. Pilang Sari, Kec. Kedawung, 0231203272
Kab.Cirebon, Jawa Barat
KFO Soreang JL. Raya Soreang Banjaran No. 356 D/E, Desa Soreang, Kec. Soreang, 02285876002
Kab Bandung, Jawa Barat
 Office Name Address Phone

KFO Purwakarta Jl. Ibrahim Singadilaga No.16, RT 009 RW 002, Kel. Nagrikaler, Kec. 02648301510
Purwakarta, Kab. Purwakarta, Jawa Barat
KFO Cibadak Jl. Siliwangi No. 123, RT 01 RW.17, Kel. Cibadak, Kec. Cibadak, Kab. 02667160007
Sukabumi, Propinsi Jawa Barat
KFO Sukamaju Jl. Raya Kadungora No 197, Kampung Sukamaju RT.02 RW.02, Desa 0262454462
Kadungora, Kecamatan Kadungora, Kabupaten Garut, Jawa Barat
KFO Jampang Kulon Jl. Raya Surade RT. 005 RW. 002, Kel. Surade, Kec. Surade, Kab. 0266490048
Sukabumi, Propinsi Jawa Barat
KFO Pamanukan Jl. Raya Ion Martasasmita RT. 016 RW. 006, Desa Rancasari, Kec. 02607544055
Pamanukan, Kab. Subang, Propinsi Jawa Barat
KFO Gunung Puyuh Jl. Jendral Sudirman RT. 03 RW. 03, Kelurahan Gunung Parang, 02666244126
Kecamatan Cikole, Kota Sukabumi, Propinsi Jawa Barat
KFO Jawa Barat 1-Ciawi Tasik Jl. Pelita I/ Cidemang, Ds. Pakemitan, Kecamatan Ciawi, Kabupaten 02657545042
Tasikmalaya, Propinsi Jawa Barat, Kode Pos 46156
LSB Bank BTPN KC A. Yani Jl. Jend.Achmad Yani 618 Bandung 02292759172
LSB Bank BTPN KC Cirebon Jl. Dr.Wahidin Sudirohusodo 72 Cirebon 02319111657
LSB Bank BTPN KC Dago Jl. Ir. H. Juanda No. 8 Bandung 0224206749
LSB Bank BTPN KC Jl. KH Z. Mustofa No. 289, Tasikmalaya 02659113893
Tasikmalaya
ATM KC Bandung-Sunda Jl.. Sunda No 27 D, Kelurahan Kebon Pisang, Kecamatan Sumur
Bandung, Kota Bandung
KFO Dramaga Jl. H. Encep Nawawi, RT. 02 RW. 11, Kel. Bubulak, Kec. Bogor Barat, 02518422656
Kab.Bogor, Jawa Barat
305
KFO Cikarang Barat Jl. Industri Blok A No 1, RT.05 RW.06, Ds. Pasirgombong, Kec. Cikarang 02189836623
Utara, Kab. Bekasi, Jawa Barat
LSB Bank BTPN KC Bogor Jl. Raya Pajajaran No.63 Bogor 02519241301
BANTEN
KFNO Wisma BCA Wisma BCA. 2nd floor, BSD City Kavling CBD Lot 13, Jl. Kapten 02129661101
Soebianto Djojohadikusumo, Kel. Lengkong Gudang, Kec. Serpong,
Kota Tangerang Selatan, Propinsi Banten, 15321
KFO Cikupa Perum Citra Raya, Jl. Blok C. 01 No. 03 R, Kel. Cikupa, Kec. Cikupa, 02159404045
Kabupaten Tangerang, Provinsi Banten
KFO Rangkasbitung Jl. By Pass Soekarno Hatta, Desa Kaduagung Timur, Kec. Cibadak, 02525550642

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Kab. Lebak, Provinsi Banten
KFO Panimbang Jl. Jendral Sudirman Kampung Muncang (sebelah solite), RT 02, RW 02535808152
09, Desa Labuan, Kec. Labuan, Kab. Pandeglang, Propinsi Banten
JAWA TENGAH
KC Semarang-Pamularsih Jl. Pamularsih No. 17 Semarang 0247622280
KFO Sidorejo Ruko Salatiga Regency, Jl. Fatmawati No 188, Kel. Blotongan, Kec. 02986031903 /
Sidorejo, Kota Salatiga 02986031952
KFO Purwodadi Jl. Ahmad Yani No. 269, Kel. Kuripan, Kec. Purwodadi, Kab Grobogan, 0292425135
Jateng
KFO Demak Jl. Raya Demak-Kudus, Kel. Bintoro, Kec. Demak, Kab. Demak, Propinsi 02916910172
Jawa Tengah
KFO Rembang Jl. P. Sudirman No. 81, RT.02 RW.01, Kel. Kabongan Kidul, Kec. 0295693501
Rembang, Kab. Rembang, Jawa Tengah
ATM KC Semarang-Pamularsih Jl. Pamularsih No. 17 Semarang
KC Tegal-Kudaile Jl. Flores Baru RT.02 RW.04, Kel. Kudaile, Kec. Slawi, Kab. Tegal. Jawa 02834562195
Tengah
KCP Pekalongan-Tanjung Kulon Jl. Mandurorejo RT. 001 RW. 001, Ds. Tanjung Kulon, Kec. Pekalongan, 02853830041
Kab. Pekalongan
 Office Name Address Phone

KFO Cilacap Jl. Gatot Subroto (Ruko Gatsula) No. 2 & 3, RT. 004 RW. 008, Kel. 02825561194
Gunungsimping, Kec. Cilacap Tengah, Kab. Cilacap, Jawa Tengah
KFO Purwokerto Jl. Jend. Sudirman Barat No. 89, RT.01 RW.07, Kel. Bantarsoka, Kec. 02816512117
Purwokerto Barat, Kab. Banyumas, Jawa Tengah
KFO Banjarnegara Jl. Kolektor Primer,  Ds. Bawang RT 004, RW 005, Kecamatan 02865988503
Bawang, Kabupaten Banjarnegara, Propinsi Jawa Tengah
DI YOGYAKARTA
KC DIY-Sleman Jl. Magelang-Yogjakarta KM 5.5, Ruko No. 72 A 0274623685
KCP Bantul-Dr. Supomo Jl Dr Supomo No 2, Kel. Bantul, Kec.Bantul, Kabupaten Bantul, 02742810819
DI Yogyakarta
JAWA TIMUR
KFNO Dinoyo Jl. Dinoyo No.21, Kel. Keputran, Kec. Tegalsari, Kota Surabaya, Prov. 0315663316
Jawa Timur
KC Surabaya-Darmahusada Jl. Darmahusada No. 136, Surabaya 0315956259
KFO Blitar Jl. Tanjung Blok A Kav. 02, Kel. Sukorejo, Kec. Sukorejo, Blitar. 03426817697
KFO Genteng Jl. Raya Genteng ,Ds.Genteng Wetan, Kec. Genteng, Kab. Banyuwangi, 0333843962
Jawa Timur 68465
KFO Bondowoso Ruko Crown Plaza, No 1, Jl. KH. Wahid Hasyim No 168, Kelurahan 0332429557
Blindungan, Kecamatan Bondowoso, Kabupaten Bondowoso, Jawa
Timur
KFO Situbondo Jl. A. Yani No. 110 A-B, Kel. Dawuhan, Kec, Situbondo, Kab. Situbondo 03383893529
306 KFO Balung Jl. Panglima Besar Sudirman No 26, RT.002 RW. 005, Desa Tanggul 0336445466
Wetan, Kecamatan Tanggul, Kabupaten Jember, Propinsi Jawa Timur
KFO Sumenep Jl. Trunojoyo No. 214, Komplek Pertokoan Raden Arya Wiraraja Blok 1, 03286771037
Desa Kolor, Kecamatan Kota Sumenep, Kabupaten Sumenep, Propinsi
Jawa Timur
KFO Kepanjen Jl. Achmad Yani No 2 B, RT.03, RW.01, Kel. Ardirejo, Kec. Kepanjen, 0341393370
Kab. Malang
KFO Ponorogo Jl. Batoro Katong No. 73 RT. 001 RW. 001, Kelurahan Cokromenggalan, 03523592002
Kecamatan Ponorogo, Kabupaten Ponorogo, Provinsi Jawa Timur
LSB Bank BTPN KC Madiun Jl. Salak Raya No.65 Madiun 0351453310
LSB Bank BTPN KCP Blitar Jl. Tentara Gene Pelajar 23 Blitar 0342801014
LSB Bank BTPN KC Bengawan Jl. Bengawan No 6, Kel. Darmo, Kec. Wonokromo 0315663836
LSB Bank BTPN KCP Bukit Komp Office Park Bukit Darmo Golf B2 No.19 0317320152
Darmo Golf
LSB Bank BTPN KC Kediri Jl. Brigjen Katamso 32 Kediri 0354685990
LSB Bank BTPN KCP Manyar Jl. Manyar Kertoarjo No. 19, Surabaya - 60285 0315910298
Kertoarjo
LSB Bank BTPN KC Surabaya Jl. Indrapura No. 1 E-F-G, Surabaya 0321322761
ATM KC Surabaya- Jl. Darmahusada No. 136, Surabaya
Dharmahusada
BALI
KC Denpasar-Diponegoro Jl. Diponegoro No. 129, Kelurahan Dauhpuri Kelod, Kota Denpasar 03614723055
ATM KC Denpasar-Diponegoro Jl. Diponegoro No. 129, Kelurahan Dauhpuri Kelod, Kota Denpasar
SUMATERA
KC Banda Aceh-Safiatuddin Jl. Sri Ratu Safiatuddin, Gampong Peunayong, Kecamatan Kuta Alam, 065121276
Banda Aceh
KC Medan-Mayjen S. Parman Jl. Mayor Jendral S. Parman No A6 & A7, Medan 06142002552
KFO Lima Puluh Jl. Kartini, Kel. Perdagangan I, Kec. Bandar, Kab. Simalungun, 0622697879
Sumatera Utara
ATM KC Medan-Mayjen S. Jl. Mayor Jendral S. Parman No A6 & A7, Medan
Parman
 Office Name Address Phone

KC Padang-Sudirman Jl. Sudirman No 42, Kel. Jati Baru, Padang 07518955993

KFO Padang Kota-Pesisir Ds. Kanagarian Surantih, Kec. Sutera, Kabupaten Pesisir Selatan, 0756453030
Selatan Propinsi Sumatera Barat
KC Pekanbaru-Tambusai Jl. Tuanku Tambusai No 320, Pekanbaru, Riau 076131422
KFO Kota Bangkinang Jl. Sisingamangaraja, Desa. Bangkinang, Kec. Bangkinang Kota, Kab. 076221231
Kampar, Riau
KFO Kota Duri Jl.Hang Tuah No. 29, RT 005, RW 005, Desa Tambusai Batang Dui, 07655630020
Kecamatan Mandau, Kabupaten Bengkalis, Propinsi Riau
KC Jambi-Orang Kayo Pingai Jl. Orang Kayo Pingai No 43 A RT 09, Kelurahan Talang Banjar, 074135888
Kecamatan Jambi Timur, Jambi
KC Palembang-Letkol Iskandar Jl. Letkol Iskandar No 29, Kampung 24 Ilir 0711373595
KFO Muara Enim Jl. Sultan Mahmud Badarudin II, RT. 02 RW.04, Kelurahan Pasar 0734422041
II Muara Enim , Kecamatan Muara Enim, Kabupaten Muara Enim,
Propinsi Sumatera Selatan
KFO Kayu Agung Jl. Yusuf Singedekane, RT. 007 RW. 000, Kelurahan Jua-jua, 0712321377
Kecamatan Kota Kayu Agung, Kabupaten Ogan Komiring Ilir, Provinsi
Sumatera Selatan
LSB Bank BTPN KC Cinde Jl. Kolonel Atmo No. 581/1119 - 1120 - Palembang 0711358781
ATM KC Palembang-Letkol Jl. Letkol Iskandar No 29, Kampung 24 Ilir 0711373595
Iskandar
KC Lampung-Jendral Jl. Jendral Sudirman No 55, Kelurahan Rawa Laut, Kecamatan Tanjung 0721242941
Sudirman Karang Timur, Kota Bandar Lampung 307
KFO Bandar Jaya Jl. Proklamator Raya No. 8, Kel. Bandar Jaya Timur, Kec. Terbanggi 072525187
Besar, Kab. Lampung Tengah, Provinsi Lampung
KFO Metro Jl. AH. Nasution No 67 B-C, Kelurahan Yosorejo, Kecamatan Metro 07257851268
Timur, Kota Metro, Provinsi Lampung
KFO Pringsewu Jl. Jend. Ahmad Yani 67 D/E, Kelurahan Pringsewu Utara, Kecamatan 072924599
Pringsewu, Kabupaten Pringsewu, Provinsi Lampung
KALIMANTAN
KC Banjarmasin-Lambung Jl. Lambung Mangkurat No 40, RT. 008/RW. 002, Kelurahan Kertak 0511327662
Mangkurat Baru Ilir, Kecamatan Banjarmasin Tengah, Kota Banjarmasin, Propinsi
Kalimantan Selatan
KC Palangkaraya-Tjilik Riwut Jl. Tjilik Riwut KM.2 RT.003 RW. 020, Kel. Palangka, Kec. Jekan Raya, 05364200408

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Kota Palangkaraya, Provinsi Kalimantan Tengah
KC Pontianak-Ahmad Yani Jl. Ahmad Yani No. 38 B, Pontianak 0561571444
KC Samarinda-Dr. Sutomo Jl. Dr. Sutomo No. 8A, Kota Samarinda 0541739193
NUSA TENGGARA TIMUR & NUSA TENGGARA BARAT
KC Kupang-Oebobo Jl. W. J. Lalamentik RT. 013 RW. 005, Kel. Oebobo, Kec. Oebobo, Kota 0380821487
Kupang, Provinsi Nusa Tenggara Timur
KC Mataram-Selaparang Jl. Selaparang, Lingkungan Sweta Timur, Kel. Mayura, Kec. 03706173949
Cakranegara, Kota Mataram, Provinsi Nusa Tenggara Barat
KFO Bima Jl. Sultan Hasanudin, RT.06 RW.02, Kel. Paruga, Kec. Rasane Barat, 03746648687
Kota Bima, Propinsi Nusa Tenggara Barat
SULAWESI
KC Kendari-Sao Sao Jl. Sao-Sao No. 207, Kota Kendari 04013193746
KFO Kendari-Unaaha Jl. Sapati, Kelurahan Ambekairi, Kecamatan Unaaha, Kabupaten 04082422514
Konawe, Propinsi Sulawesi Tenggara, Kode Pos 93411
KC Makassar-Gn. Latimojong Jl Gn Latimojong No 05 RT 001/RW001, Kel. Gaddong, Kec. Bantoala, 04118005500
Kota Makassar
ATM KC Makassar-Gn. Jl Gn Latimojong No 05 RT 001/RW001, Kel. Gaddong, Kec. Bantoala,
Latimojong Kota Makassar
 Statement of the Board of Commissioners and the Board of Directors
regarding the responsibility for the Annual Report 2019
PT Bank Tabungan Pensiunan Nasional Syariah Tbk

We, the undersigned hereby declare that all the information in the Annual Report 2019
PT Bank Tabungan Pensiunan Nasional Syariah Tbk has been fully complete
and are fully responsible for ensuring the accuracy of the content of this Annual Report.

This statement is written in truth.

board of commissioners

Kemal Azis Stamboel

president commissioner/independent

308

Dewie Pelitawati Mahdi Syahbuddin Yenny Lim

independent commissioner commissioner commissioner

board of directors

Ratih Rachmawaty
president director/independent

Mulia Salim Taras Wibawa Siregar M. Gatot Adhi Prasetyo Arief Ismail
deputy president director director director director
 07
financial statements
309

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

PT Bank Tabungan Pensiunan Nasional Syariah Tbk

financial statements
years ended 31 december 2019 and 2018
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH TBK

LAPORAN POSISI KEUANGAN STATEMENTS OF FINANCIAL POSITION

31 DESEMBER 2019 DAN 2018 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

Catatan/
Notes 2019 2018

ASET ASSETS

Kas 5 711,333) 415,583) Cash

Giro dan penempatan pada Bank Indonesia 3a,6 3,108,402) 2,640,552) Current accounts and placements with Bank Indonesia
Pendapatan yang akan diterima dari Accrued income from placements with
penempatan pada Bank Indonesia 74,010) 28,437) Bank Indonesia
3,182,412) 2,668,989)

Giro pada bank lain Current accounts with other banks

- Pihak ketiga 3b,7 13,472) 14,975) Third parties -
- Pihak berelasi 3b,3v,7,38 24,395) 27,490) Related party -
37,867) 42,465)

Penempatan pada bank lain 3c,8 -) 275,000) Placements with other banks

Investasi pada surat berharga 3d,9 2,071,753) 1,030,689) Investments in marketable securities
Pendapatan yang akan diterima dari investasi Accrued income from investments in marketable
pada surat berharga 14,836) 7,361) securities
2,086,589) 1,038,050)

Piutang murabahah
setelah dikurangi pendapatan marjin yang Murabahah receivables
ditangguhkan sebesar 2019: Rp 2.173.555 net deferred margin income of 2019:
dan 2018: Rp 1.761.499 Rp 2,173,555 and 2018: Rp 1,761,499
- Pihak ketiga 3e,10 8,969,565) 7,277,011) Third parties -
Pendapatan yang akan diterima dari piutang Accrued income from murabahah
murabahah 89,601) 82,139) receivables
Dikurangi: Cadangan kerugian penurunan nilai 3f (291,820) (215,949) Less: Allowance for impairment losses
8,767,346) 7,143,201)
314
Pinjaman qardh - pihak ketiga 3g 880) 152) Funds of qardh - third parties
Dikurangi: Cadangan kerugian penurunan nilai (8) -) Less: Allowance for impairment losses
872) 152)

Pembiayaan musyarakah - pihak ketiga 3h,11 29,129) -) Musyarakah financing - third parties
Dikurangi: Cadangan kerugian penurunan nilai (291) -) Less: Allowance for impairment losses
28,838) -)

Beban dibayar dimuka 12 93,628) 89,362) Prepayments

Aset tetap 3j,13 550,611) 489,125) Fixed assets

Dikurangi: Akumulasi penyusutan (341,061) (312,324) Less: Accumulated depreciation
209,550) 176,801)

Aset tak berwujud 3j,14 127,274) 92,041) Intangible assets

Dikurangi: Akumulasi amortisasi (60,480) (46,307) Less: Accumulated amortization
66,794) 45,734)

Aset pajak tangguhan 3s,19f 144,875) 99,584) Deferred tax assets

Aset lain-lain – bersih 3k,15 52,934) 44,354) Other assets - net

JUMLAH ASET 15,383,038) 12,039,275) TOTAL ASSETS

Lihat Catatan atas Laporan Keuangan, yang merupakan bagian See Notes to the Financial Statements, which form an integral part
tidak terpisahkan dari laporan keuangan. of these financial statements.

1
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH TBK

LAPORAN POSISI KEUANGAN STATEMENTS OF FINANCIAL POSITION

31 DESEMBER 2019 DAN 2018 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

Catatan/
Notes 2019 2018

LIABILITAS, DANA SYIRKAH TEMPORER LIABILITIES, TEMPORARY SYIRKAH FUNDS

DAN EKUITAS AND SHAREHOLDERS’ EQUITY

LIABILITAS LIABILITIES

Liabilitas segera 3l,16 9,624 3,199 Liabilities due immediately

Bagi hasil yang belum dibagikan 17 21,861 17,035 Undistributed revenue sharing

Simpanan nasabah 3m,18 Deposits from customers

- Pihak ketiga Third parties -
Giro wadiah 25,248 100,350 Wadiah demand deposits
Tabungan Wadiah 1,870,115 1,518,904 Wadiah saving deposits

- Pihak berelasi Related parties -

Tabungan Wadiah 3v,38 522 - Wadiah saving deposits
1,895,885 1,619,254

Utang pajak 19a Taxes payable

- Pajak penghasilan badan 58,166 94,121 Corporate income tax -
- Pajak lainnya 16,417 12,323 Other taxes -
74,583 106,444

Liabilitas lain-lain 20 41,605 28,329 Other liabilities

Akrual 21 184,841 128,799 Accruals

Liabilitas imbalan kerja karyawan 3r,4,37 210,655 146,423 Employee benefits liabilities

JUMLAH LIABILITAS 2,439,054 2,049,483 TOTAL LIABILITIES

315

DANA SYIRKAH TEMPORER TEMPORARY SYIRKAH FUNDS

Bukan bank Non-bank

Tabungan mudharabah 3n,22 Mudharabah saving deposits

- Pihak ketiga 104,628 113,788 Third parties -
- Pihak berelasi 3v,38 250 594 Related parties -
104,878 114,382

Deposito mudharabah 3n,23 Mudharabah time deposits

- Pihak ketiga 7,428,302 5,872,246 Third parties -
- Pihak berelasi 3v,38 17,484 6,232 Related parties -
7,445,786 5,878,478

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

JUMLAH DANA SYIRKAH TEMPORER 7,550,664 5,992,860 TOTAL TEMPORARY SYIRKAH FUNDS

Lihat Catatan atas Laporan Keuangan, yang merupakan bagian See Notes to the Financial Statements, which form an integral part
tidak terpisahkan dari laporan keuangan. of these financial statements.

2
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH TBK

LAPORAN POSISI KEUANGAN STATEMENTS OF FINANCIAL POSITION

31 DESEMBER 2019 DAN 2018 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

Catatan/
Notes 2019 2018

EKUITAS SHAREHOLDERS’ EQUITY

Modal saham 24 Share capital

Modal dasar – 27.500.000.000 saham Authorized – 27,500,000,000 shares
Modal ditempatkan dan disetor penuh – Issued and fully paid – capital –
7.703.700.000 saham 770,370) 770,370) 7,703,700,000 shares

Tambahan modal disetor 24 846,440) 846,440) Additional paid-in capital

Cadangan pembayaran berbasis saham 3t 19,063) 21,130) Share-based payment reserve

Cadangan revaluasi aset 3j 5,239) 5,239) Asset revaluation reserve

Keuntungan yang belum direalisasi atas

investasi pada surat berharga yang Unrealized gain on investments in
diklasifikasikan sebagai diukur pada nilai marketable securities classified as
wajar melalui pendapatan komprehensif measured as fair value through other
lain - bersih 3d 139) 706) comprehensive income - net

Saldo laba Retained earnings

- Dicadangkan 25,26 45,000) 25,000) Appropriated -
- Belum dicadangkan 3,716,832) 2,328,047) Unappropriated -
5,403,083) 3,996,932)
Saham treasuri 3aa (9,763) -) Treasury shares

JUMLAH EKUITAS 5,393,320) 3,996,932) TOTAL EQUITY

JUMLAH LIABILITAS, DANA SYIRKAH TOTAL LIABILITIES, TEMPORARY SYIRKAH

TEMPORER, DAN EKUITAS 15,383,038) 12,039,275) FUNDS, AND EQUITY

316

Lihat Catatan atas Laporan Keuangan, yang merupakan bagian See Notes to the Financial Statements, which form an integral part
tidak terpisahkan dari laporan keuangan. of these financial statements.

3
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH TBK

LAPORAN LABA RUGI DAN PENGHASILAN STATEMENTS OF PROFIT OR LOSS AND

KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

C OPERATING INCOME
C Catatan/ OPERATING INCOME
Notes 2019 2018

Pendapatan pengelolaan dana oleh Bank Income from fund management by the Bank
sebagai mudharib as mudharib
Pendapatan dari jual beli – marjin Income from sales and purchases –
murabahah 3o 4,203,294) 3,303,491) murabahah margin
Pendapatan bagi hasil – pembiayaan Revenue from profit sharing –
musyarakah 3o 1,045) -) musyarakah financing
Pendapatan usaha utama lainnya 27 253,013) 143,775) Other main operating income
4,457,352) 3,447,266)

Hak pihak ketiga atas bagi hasil dana syirkah Third parties’ shares on return of temporary
temporer 3p,3v,28,38 (523,587) (367,672) syirkah funds
Hak bagi hasil milik Bank 3,933,765) 3,079,594) Bank’s share in profit sharing

PENDAPATAN OPERASIONAL LAINNYA 3q,29 17,742) 13,149) OTHER OPERATING INCOME

BEBAN OPERASIONAL LAINNYA 3q OTHER OPERATING EXPENSES

Beban kepegawaian 3v,30,38 (1,099,025) (899,148) Personnel expenses
Beban umum dan administrasi 31 (561,428) (536,595) General and administrative expenses
Pembentukan cadangan kerugian penurunan Provision for allowance for impairment losses
nilai aset produktif dan non-produktif 3f,32 (309,402) (275,902) on earning and non-earning assets
Beban operasional lainnya 33 (100,588) (78,549) Other operating expenses
(2,070,443) (1,790,194)

PENDAPATAN OPERASIONAL BERSIH 1,881,064) 1,302,549) NET OPERATING INCOME

Beban non-operasional – bersih 34 (2,815) (3,530) Non-operating expenses – net

317
LABA SEBELUM PAJAK PENGHASILAN 1,878,249) 1,299,019) INCOME BEFORE INCOME TAX

BEBAN PAJAK PENGHASILAN INCOME TAX EXPENSE

- Kini 3s,19b (526,767) (377,414) Current -
- Tangguhan 3s,19b 48,152) 43,706) Deferred -
(478,615) (333,708)

LABA BERSIH TAHUN BERJALAN 1,399,634) 965,311) NET INCOME FOR THE YEAR

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Lihat Catatan atas Laporan Keuangan, yang merupakan bagian See Notes to the Financial Statements, which form an integral part
tidak terpisahkan dari laporan keuangan. of these financial statements.

4
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH TBK

LAPORAN LABA RUGI DAN PENGHASILAN STATEMENTS OF PROFIT OR LOSS AND

KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

C OPERATING INCOME
C Catatan/ OPERATING INCOME
Notes 2019 2018

PENGHASILAN KOMPREHENSIF LAIN: OTHER COMPREHENSIVE INCOME:

Pos yang tidak akan direklasifikasi ke laba Items that would never be reclassified to
rugi profit or loss .

Pengukuran kembali liabilitas imbalan kerja Remeasurement of employee

karyawan 3r,37 12,201) 50,306) benefits liabilities
Pajak penghasilan terkait 19f (3,050) (12,576) Related income tax
9,151) 37,730)

Items that will be reclassified to profit

Pos yang akan direklasifikasi ke laba rugi or loss
Keuntungan/kerugian yang belum
direalisasi atas investasi pada surat Unrealized gain/loss on investments in
berharga yang diklasifikasikan sebagai marketable securities classified as
diukur pada nilai wajar melalui measured at fair value through other
pendapatan komprehensif lain 9a (756) 941) comprehensive income
Pajak penghasilan terkait 19f 189) (235) Related income tax
(567) 706)
Penghasilan komprehensif lain tahun Other comprehensive income
berjalan, setelah pajak penghasilan 8,584) 38,436) for the year, net of income tax

JUMLAH LABA KOMPREHENSIF TAHUN TOTAL COMPREHENSIVE INCOME FOR

BERJALAN, SETELAH PAJAK THE YEAR, NET OF INCOME TAX
PENGHASILAN 1,408,218) 1,003,747)

LABA BERSIH PER SAHAM BASIC/DILUTED EARNINGS PER SHARE

318 DASAR/DILUSIAN (NILAI PENUH) 3w,36 182) 130) (FULL AMOUNT)

Lihat Catatan atas Laporan Keuangan, yang merupakan bagian See Notes to the Financial Statements, which form an integral part
tidak terpisahkan dari laporan keuangan. of these financial statements.

5
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH TBK

LAPORAN PERUBAHAN EKUITAS STATEMENTS OF CHANGES IN EQUITY

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)

Keuntungan (kerugian)
yang belum direalisasi
atas investasi pada
surat berharga yang
diklasifikasikan
sebagai diukur pada
nilai wajar melalui
pendapatan
komprehensif
lain/Unrealized gain
Modal saham Tambahan Cadangan (loss) on investments Saldo laba
ditempatkan modal pembayaran Cadangan in marketable yang Saldo laba yang
dan disetor disetor/ berbasis revaluasi securities classified as dicadangkan/ belum Saham
penuh/Issued Additional saham/Share- aset/Asset measured at fair value Appropriated dicadangkan/ treasury/ Jumlah
Catatan/ and fully-paid paid-in based payment revaluation through other retained Unappropriated Treasury ekuitas/
Notes capital capital reserve reserve comprehensive income earnings retained earnings shares Total equity

693,333 188,456) 17,612) 5,239 -) 20,000 1,330,006) -) 2,254,646)

Saldo pada tanggal 1 Januari 2018 Balance as of 1 January 2018

Penawaran umum saham perdana 1c,24 77,037 674,074) -) - -) - -) -) 751,111) Initial public offering
Biaya emisi saham 24 - (16,090) -) - -) - -) -) (16,090) Share issuance cost
Pembentukan cadangan wajib 25 - -) -) - -) 5,000 (5,000) -) -) Appropriation for legal reserve
Cadangan pembayaran berbasis saham 3t - -) 3,518) - -) - -) -) 3,518) Share-based payment reserve
Laba bersih tahun berjalan - -) -) - -) - 965,311) -) 965,311) Net income for the year
Penghasilan komprehensif lain: Other comprehensive income:
Penilaian kembali liabilitas imbalan Remeasurement of employee
kerja karyawan 3r,37 - -) -) - -) - 50,306) -) 50,306) benefits liabilities
Investasi pada surat berharga yang Investments in marketable
diklasifikasikan sebagai diukur pada securities classified as
nilai wajar melalui pendapatan measured at fair value through
komprehensif lain 3d - -) -) - 941) - -) -) 941) other comprehensive income
Pajak penghasilan terkait 3s,19f - -) -) - (235) - (12,576) -) (12,811) Related income tax

770,370 846,440) 21,130) 5,239 706) 25,000 2,328,047) -) 3,996,932)

Saldo pada tanggal 31 Desember 2018 Balance as of 31 December 2018

Pembentukan cadangan wajib 25 - -) -) - -) 20,000 (20,000) -) -) Appropriation for legal reserve

Cadangan pembayaran berbasis saham 3t - -) (2,067) - -) - -) -) (2,067) Share-based payment reserve
Laba bersih tahun berjalan - -) -) - -) - 1,399,634) -) 1,399,634) Net income for the year
Penghasilan komprehensif lain: Other comprehensive income:
Penilaian kembali liabilitas imbalan Remeasurement of employee
kerja karyawan 3r,37 - -) -) - -) - 12,201) -) 12,201) benefits liabilities
Investasi pada surat berharga yang Investments in marketable
diklasifikasikan sebagai diukur pada securities classified as
nilai wajar melalui pendapatan measured at fair value through
komprehensif lain 3d - -) -) - (756) - -) -) (756) other comprehensive income
Pajak penghasilan terkait 3s,19f - -) -) - 189) - (3,050) -) (2,861) Related income tax
Saham treasuri - -) -) - -) - -) (9,763) (9,763) Treasury shares

Saldo pada tanggal 31 Desember 2019 770,370 846,440) 19,063) 5,239 139) 45,000 3,716,832) (9,763) 5,393,320) Balance as of 31 December 2019

Lihat Catatan atas Laporan Keuangan, yang merupakan bagian tidak terpisahkan dari laporan See Notes to the Financial Statements, which form an integral part of these financial
keuangan. statements.

6
319

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH TBK

LAPORAN ARUS KAS STATEMENTS OF CASH FLOWS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

Catatan/
Notes 2019 2018
ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES

Penerimaan pendapatan dari pengelolaan dana 4,396,842) 3,421,976) Receipts of income from fund management
Pembayaran bagi hasil dana syirkah temporer (518,761) (364,315) Payments of profit sharing for temporary syirkah funds
Penerimaan pendapatan administrasi 7,450) 6,266) Receipts of administrative income
Penerimaan dari piutang murabahah yang Receipts from recovery of written-off murabahah
dihapusbukukan 13,968) 13,077) receivables
Pembayaran beban tenaga kerja (1,017,553) (878,675) Payments of personnel expenses
Pembayaran beban usaha lainnya (746,036) (600,723) Payments of other operating expenses
Penerimaan pendapatan (beban) non-operasional - Receipts of non-operational income (expenses) –
bersih 1,133) (1,322) net
Pembayaran pajak penghasilan badan (562,722) (368,990) Payments of corporate income tax
Arus kas sebelum perubahan dalam aset dan Cash flows before changes in operating assets
liabilitas operasi 1,574,321) 1,227,294) and liabilities

Perubahan dalam aset operasi, liabilitas operasi Changes in operating assets, operating liabilities
dan dana syirkah temporer: and temporary syirkah funds:
Penurunan (kenaikan) aset operasi: Decrease (increase) in operating assets:
Penempatan pada Bank Indonesia dan bank Placements with Bank Indonesia and other
lain (1,170,000) (355,000) banks
Piutang murabahah (1,692,554) (1,223,906) Murabahah receivables
Piutang musyarakah (29,129) -) Musyarakah receivables
Pinjaman qardh (728) 16) Funds of qardh
Aset lain-lain (8,761) (23,006) Other assets
Kenaikan (penurunan) liabilitas operasi: Increase (decrease) in operating liabilities:
Liabilitas segera 6,425) (17,207) Liabilities due immediately
Simpanan nasabah 276,631) 321,424) Deposits from customers
Liabilitas lain-lain 10,444) 2,290) Other liabilities
Kenaikan dana syirkah temporer 1,557,804) 744,812) Increase in temporary syirkah funds
320 Arus kas bersih diperoleh dari aktivitas operasi 524,453) 676,717) Net cash flows provided from operating activities

ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES
Hasil penjualan aset tetap 13 2,162) 3,041) Proceeds from sale of fixed assets
Pembelian aset tetap 13 (119,488) (81,490) Purchase of fixed assets
Pembelian aset takberwujud 14 (41,542) (23,065) Purchase of intangible assets
Pembelian surat berharga (2,762,734) (308,793) Purchase of investment in marketable securities
Penjualan surat berharga 1,433,021) 7,624) Sale of investments in marketable securities
Arus kas bersih digunakan untuk aktivitas
investasi (1,488,581) (402,683) Net cash flows used in investing activities

ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES
Penawaran umum saham perdana 24 -) 751,111) Initial public offering
Biaya emisi saham -) (16,090) Share issuance cost
Pembelian kembali saham treasuri (9,763) -) Buyback treasury shares
Arus kas bersih (digunakan untuk) diperoleh Net cash flows (used in) provided from
dari aktivitas pendanaan (9,763) 735,021) financing activities

Lihat Catatan atas Laporan Keuangan, yang merupakan bagian See Notes to the Financial Statements, which form an integral part
tidak terpisahkan dari laporan keuangan. of these financial statements.

7
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH TBK

LAPORAN ARUS KAS STATEMENTS OF CASH FLOWS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

Catatan/
Notes 2019 2018
(PENURUNAN) KENAIKAN BERSIH KAS DAN NET (DECREASE) INCREASE IN CASH AND
SETARA KAS (973,891) 1,009,055 CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS AT

KAS DAN SETARA KAS PADA AWAL TAHUN 2,953,307) 1,944,252 BEGINNING OF THE YEAR

CASH AND CASH EQUIVALENTS AT

KAS DAN SETARA KAS PADA AKHIR TAHUN 1,979,416) 2,953,307 END OF THE YEAR

Kas dan setara kas terdiri dari: Cash and cash equivalents consist of:
Kas 5 711,333) 415,583) Cash
Giro pada Bank Indonesia 6 458,402) 398,552) Current accounts with Bank Indonesia
Giro pada bank lain 7 37,867) 42,465) Current accounts with other banks
Penempatan pada Bank Indonesia 6 370,000) 1,132,000) Placements with Bank Indonesia
Penempatan pada bank lain 8 -) 275,000) )Placements with other banks
Investasi pada surat berharga 9 401,814) 689,707) Investments in marketable securities
1,979,416) 2,953,307)

321

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Lihat Catatan atas Laporan Keuangan, yang merupakan bagian See Notes to the Financial Statements, which form an integral part
tidak terpisahkan dari laporan keuangan. of these financial statements.

8
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH TBK

LAPORAN REKONSILIASI PENDAPATAN DAN STATEMENTS OF RECONCILIATION OF INCOME

BAGI HASIL AND REVENUE SHARING
TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

Catatan/
Notes 2019 2018

Pendapatan pengelolaan dana oleh bank Income from fund management by the Bank
sebagai mudharib as mudharib
Income from sales and purchases -
Pendapatan dari jual beli - marjin murabahah 3o 4,203,294) 3,303,491) murabahah margin
Pendapatan dari bagi hasil - pembiayaan Revenue from profit sharing - musyarakah
musyarakah 3o 1,045) -) financing
Pendapatan usaha utama lainnya 27 253,013) 143,775) Other main operating income
4,457,352) 3,447,266)

Pengurang Deductions
Pendapatan tahun berjalan yang kas dan setara Current period income in which the cash and
kasnya belum diterima: cash equivalents were not received:
Income from sales and purchases -
Pendapatan dari jual beli - marjin murabahah (89,601) (82,139) murabahah margin
Pendapatan usaha utama lainnya (88,846) (35,798) Other main operating income
(178,447) (117,937)

Penambah Additions
Pendapatan tahun sebelumnya yang kasnya Prior period income in which the cash were
diterima pada tahun berjalan: received in the current year:
Penerimaan pelunasan piutang marjin Receipts from settlement of murabahah
murabahah 82,139) 75,112) margin receivables
Pendapatan usaha utama lainnya 35,798) 17,532) Other main operating income
117,937) 92,644)

Pendapatan yang tersedia untuk bagi hasil 4,396,842) 3,421,973) Available income for revenue sharing
322
Bagi hasil yang menjadi hak Bank 3,873,255) 3,054,301) Bank’s share on revenue sharing
Bagi hasil yang menjadi hak pemilik dana 3p,28 523,587) 367,672) Fund owners’ share on revenue sharing

Dirinci atas: Details of:

Hak pemilik dana atas bagi hasil yang sudah Fund owners’ share on distributed revenue
didistribusikan 501,726) 350,637) sharing
Hak pemilik dana atas bagi hasil yang belum Fund owners’ share on undistributed revenue
didistribusikan 17 21,861) 17,035) sharing
523,587) 367,672)

Lihat Catatan atas Laporan Keuangan, yang merupakan bagian See Notes to the Financial Statements, which form an integral part
tidak terpisahkan dari laporan keuangan. of these financial statements.

9
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH TBK

LAPORAN SUMBER DAN PENYALURAN STATEMENTS OF SOURCES AND DISTRIBUTION

DANA ZAKAT OF ZAKAT FUNDS
TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

Catatan/
Notes 2019 2018

Saldo awal dana zakat 2e - - Beginning balance of zakat funds

Sumber dana zakat Sources of zakat funds

Zakat dari bank - - Zakat from banks
Zakat dari pihak luar bank - - Zakat from non-bank parties
- -

Penyaluran dana zakat - - Distribution of zakat funds

Kenaikan dana zakat - - Increase in zakat funds

Saldo akhir dana zakat - - Ending balance of zakat funds

323

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Lihat Catatan atas Laporan Keuangan, yang merupakan bagian See Notes to the Financial Statements, which form an integral part
tidak terpisahkan dari laporan keuangan. of these financial statements.

10
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH TBK

LAPORAN SUMBER DAN PENGGUNAAN STATEMENTS OF SOURCES AND USES

DANA KEBAJIKAN OF QARDHUL HASAN FUNDS
TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

Catatan/
Notes 2019 2018

Saldo awal dana kebajikan 2e 443) 547) Beginning balance of qardhul hasan funds

Sumber dana kebajikan Sources of qardhul hasan funds

Pendapatan non-halal 542) 141) Non-halal income
Denda 63) 94) Penalty
Jumlah 605) 235) Total

Penggunaan dana kebajikan (396) (339) Use of qardhul hasan funds

Kenaikan (penurunan) sumber dana kebajikan 209) (104) Increase (decrease) in qardhul hasan funds

Saldo akhir dana kebajikan 652) 443) Ending balance of qardhul hasan funds

324

Lihat Catatan atas Laporan Keuangan, yang merupakan bagian See Notes to the Financial Statements, which form an integral part
tidak terpisahkan dari laporan keuangan. of these financial statements.

11
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

1. INFORMASI UMUM 1. GENERAL INFORMATION

a. Pendirian bank dan informasi umum a. Bank establishment and general

information

PT Bank Tabungan Pensiunan Nasional PT Bank Tabungan Pensiunan Nasional

Syariah Tbk (“Bank”) awalnya didirikan Syariah (“Bank”) was initially established
dengan nama PT Bank Purba Danarta under the name of PT Bank Purba Danarta,
berdasarkan Akta Pendirian No. 10 tanggal 7 based on Notarial Deed
Maret 1991, yang kemudian diubah dengan No. 10 dated 7 March 1991 which was
Akta Perubahan Anggaran Dasar No. 39 amended by the Notarial Deed No. 39 dated
tanggal 25 Mei 1992, dan Akta Perubahan 25 May 1992, and Notarial Deed No. 25
No. 25 tanggal 11 Juli 1992, yang ketiganya dated 11 July 1992, which all of the Notarial
dibuat di hadapan Haji Abu Jusuf, S.H., Deeds were made before Haji Abu Jusuf,
notaris di Jakarta dan telah mendapat S.H., notary in Jakarta and had been
pengesahan dari Menteri Kehakiman approved by the Minister of Justice of the
Republik Indonesia, sebagaimana telah Republic of Indonesia whose name was
mengalami beberapa perubahan dan untuk amended several times and became the
selanjutnya disebut sebagai Menteri Hukum Minister of Law and Human Rights
dan Hak Asasi Manusia Republik Indonesia (“Menkumham”), in its decree
(“Menkumham”), dalam Surat Keputusan No. No. C2.5839.HT.01.01-TH.92 dated 21 July
C2.5839.HT.01.01-TH.92 tanggal 21 Juli 1992, and had been registered in the court
1992, yang telah didaftarkan dalam register registry office in Semarang on 30 July 1992,
umum yang berada di Kantor Kepaniteraan No. 206A/1992/II and had been published in
Pengadilan Negeri Semarang pada tanggal State Gazette of the Republic of Indonesia
30 Juli 1992 dalam surat No. 206A/1992/II, No. 81 dated 9 October 1992, supplement to
serta telah diumumkan dalam Berita Negara No. 5020 with license to perform business
Republik Indonesia No. 81 tanggal 9 Oktober activities as a Commercial Bank under the
1992, tambahan No. 5020 dengan ijin usaha Decision Letter of Minister of Finance No.
untuk melakukan kegiatan usaha sebagai 1060/KMK.017/1992 dated 14 October
Bank Umum yang diperoleh berdasarkan 1992. 325
Surat Keputusan Menteri Keuangan No.
1060/KMK.017/1992 tanggal 14 Oktober
1992.

PT Bank Purba Danarta melakukan PT Bank Purba Danarta changed its name
perubahan nama menjadi PT Bank Sahabat to PT Bank Sahabat Purba Danarta
Purba Danarta (“BSPD”) pada tahun 2009, (“BSPD”) in 2009 and the latest to PT Bank
dan terakhir berganti nama menjadi PT Bank Tabungan Pensiunan Nasional Syariah
Tabungan Pensiunan Nasional Syariah, under the Amendment to the Articles of
sebagaimana didasarkan pada Akta Association No. 25 dated 27 August 2013
Perubahan Terhadap Anggaran Dasar No. 25 before Hadijah, S.H., notary in Jakarta and
tanggal 27 Agustus 2013 yang dibuat di was approved by Menkumham by its
hadapan Hadijah, S.H., M.Kn., notaris di Decision Letter No. AHU-50529.AH.01.02.
Jakarta dan telah mendapat persetujuan dari Year 2013 dated 1 October 2013 and has
Menkumham dalam Surat Keputusan No. been published in the State Gazette of the

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

AHU-50529.AH.01.02. Tahun 2013 tanggal Republic of Indonesia No. 94 Year 2013,
1 Oktober 2013 dan telah diumumkan dalam Supplement to the State Gazette of the
Berita Negara Republik Indonesia Nomor 94 Republic of Indonesia No. 124084 dated
tahun 2013, tambahan Berita Negara 22 November 2013.
Republik Indonesia No. 124084 tanggal
22 November 2013.

Pada tanggal 20 Januari 2014, Rapat Umum On 20 January 2014, the Extraordinary
Pemegang Saham Luar Biasa yang diaktakan General Meeting of Shareholders which was
dengan Akta Notaris No. 8 tanggal 4 Juli 2014 notarised by Notarial Deed No. 8 dated
di hadapan Hadijah, S.H., M.Kn., notaris di 4 July 2014 before Hadijah, S.H., M.Kn.,
Jakarta menyetujui pemisahan Unit Usaha notary in Jakarta approved the spin-off of the
Syariah PT Bank Tabungan Pensiunan sharia business unit of PT Bank Tabungan
Nasional Tbk (“UUS BTPN”) dari PT Bank Pensiunan Nasional Tbk ("UUS BTPN")
Tabungan Pensiunan Nasional Tbk (“BTPN”). from PT Bank Tabungan Pensiunan
Pemisahan dilakukan dengan mengacu Nasional Tbk ("BTPN"). The spin-off was
kepada Peraturan Bank Indonesia No. made with reference to Bank Indonesia
11/10/PBI/2009 yang telah diubah dengan Regulation No.11/10/PBI/2009 which has
PBI No. 15/14/PBI/2013 tentang Unit Usaha been amended by PBI No. 15/14/PBI/2013
Syariah. Pendirian tersebut telah disetujui regarding Sharia Business Unit. The
oleh Bank Indonesia melalui dua tahap, yaitu establishment has been approved by Bank
persetujuan izin konversi dan izin pemisahan. Indonesia in two stages, the approval of the
conversion permit and spin-off permit.

12
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)

a. Pendirian bank dan informasi umum a. Bank establishment and general

(lanjutan) information (continued)

Pada tanggal 22 Mei 2014, Bank telah On 22 May 2014, the Bank received its
mendapatkan izin dari Bank Indonesia untuk permit from Bank Indonesia regarding
melaksanakan konversi BSPD berdasarkan conversion of BSPD based on the Decision
Surat Keputusan Dewan Komisioner Otoritas Letter of Board of Commissioner of Otoritas
Jasa Keuangan (“OJK”) No.Kep-49/D- Jasa Keuangan (“OJK”) No.Kep-49/D-
03/2014. Izin tersebut mengubah kegiatan 03/2014. The permit changed the Bank’s
usaha Bank dari bank umum konvensional business activities from conventional
menjadi bank umum yang melaksanakan commercial bank to commercial bank which
kegiatan usaha berdasarkan prinsip syariah. conduct business activities based on sharia
principles.

Pada tanggal 23 Juni 2014, Bank On 23 June 2014, the Bank received its
memperoleh izin pemisahan dari OJK spin-off permit from OJK based on the Letter
berdasarkan Surat No: S-17/PB.1/2014. No: S-17/PB.1/2014. The spin-off of UUS
Pemisahan UUS BTPN dilakukan dengan BTPN was made under Spin-off Deed No. 8
Akta Pemisahan No. 8 tanggal 4 Juli 2014 dated 4 July 2014 and was notarised by
yang dibuat di hadapan Hadijah, S.H., M.Kn., Hadijah, S.H., M.Kn., notary in Jakarta.
notaris di Jakarta. Selanjutnya, pemisahan Furthermore, the spin-off became effective
terjadi secara efektif pada tanggal 14 Juli on 14 July 2014 and started its operational
2014 dan pertama kalinya Bank memulai activity based on sharia principles, as
kegiatan usaha berdasarkan prinsip syariah, reported to Bank Indonesia (“BI”) through its
sebagaimana yang dilaporkan kepada Bank letter No. S.031/DIR/LG/VII/2014 dated 17
Indonesia (“BI”) dengan surat July 2014 regarding the Report on the
326 No. S.031/DIR/LG/VII/2014 tanggal 17 Juli Implementation of the Opening of Sharia
2014 perihal Laporan Pelaksanaan Commercial Bank Resulting from the Spin-
Pembukaan Bank Umum Syariah Hasil Off.
Pemisahan.

Setelah menjadi Bank Umum Syariah, Bank The Bank’s Articles of Association have
telah melakukan beberapa kali perubahan been amended several times since the
Anggaran Dasar. Perubahan seluruh Bank became Sharia Commercial Bank.
Anggaran Dasar terakhir sebagaimana The latest amendment of the Articles of
tercantum dalam Akta No. 8 tanggal 5 April Association was as stated in deed No. 8
2018, yang dibuat di hadapan Jose Dima dated 5 April 2018, which was notarised by
Satria, S.H., M.Kn., notaris di Jakarta. Akta Jose Dima Satria, S.H., M.Kn., notary in
tersebut telah memperoleh persetujuan Jakarta. The deed was approved by the
Menteri Hukum dan Hak Asasi Manusia Minister of Law and Human Rights of the
Republik Indonesia berdasarkan Keputusan Republic of Indonesia through its letter No
No. AHU-0007953.AH.01.02.Tahun 2018 AHU-0007953.AH.01.02. Year 2018 dated
tanggal 10 April 2018 dan Surat Penerimaan 10 April 2018 and the Letter of Acceptance
Pemberitahuan Perubahan Anggaran Dasar of the amendment to Articles of Association
No. AHU-AH.01.03-0140091 tanggal 10 April No. AHU-AH.01.03-0140091 dated 10 April
2018 juncto Akta No. 178 tanggal 31 Mei 2018 juncto deed No. 178 dated 31 May
2018, yang dibuat di hadapan Jose Dima 2018, which was notarised by Jose Dima
Satria, S.H., M.Kn., notaris di Jakarta, yang Satria, S.H., M.Kn., notary in Jakarta, which
telah diterima dan dicatat dalam Sistem has been received and recorded in the
Administrasi Badan Hukum sebagaimana Legal Entity Administration System as the
Surat Penerimaan Pemberitahuan Perubahan Letter of Acceptance of the amendment to
Anggaran Dasar No. AHU-AH.01.03-0215425 Articles of Association No. AHU-AH.01.03-
tanggal 21 Juni 2018. 0215425 dated 21 June 2018.

Sesuai dengan pasal 3 Anggaran Dasar In accordance with article 3 of the Bank’s
Bank, maksud dan tujuan serta kegiatan Bank Articles of Association, the Bank’s objective
adalah melakukan kegiatan usaha di bidang and scope of activities are to engage in
perbankan berdasarkan prinsip syariah. banking industry based on sharia principles.

13
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)

a. Pendirian bank dan informasi umum a. Bank establishment and general

(lanjutan) information (continued)

PT Bank BTPN Tbk (dahulu PT Bank PT Bank BTPN Tbk (previously PT Bank
Tabungan Pensiunan Nasional Tbk) (”BTPN”) Tabungan Pensiunan Nasional Tbk)
adalah pemegang saham pengendali dan (“BTPN”) is the controlling shareholder and
Sumitomo Mitsui Financial Group (melalui Sumitomo Mitsui Financial Group (through
Sumitomo Mitsui Banking Corporation) Sumitomo Mitsui Banking Corporation) is
adalah pemegang saham pengendali terakhir the ultimate controlling shareholder of the
Bank. Bank.

Kantor pusat Bank berlokasi di Menara BTPN The Bank’s head office is located at Menara
– CBD Mega Kuningan, Lantai 12 Jalan Dr. BTPN – CBD Mega Kuningan, 12th floor
Ide Anak Agung Gde Agung Kav 5.5 – 5.6, Jalan Dr. Ide Anak Agung Gde Agung Kav
Kuningan, Jakarta Selatan 12950. 5.5 – 5.6, Kuningan, Jakarta Selatan 12950.

b. Akuisisi oleh BTPN b. Acquisition by BTPN

Pada tanggal 19 Juli 2013, Bank Indonesia On 19 July 2013, Bank Indonesia (“BI”)
(”BI”) menyetujui rencana BTPN untuk approved the plan of BTPN to acquire 70%
melakukan akuisisi sebesar 70% (tujuh puluh (seventy percent) shares of PT Bank
persen) saham PT Bank Sahabat Purba Sahabat Purba Danarta (“BSPD”) through
Danarta (”BSPD”) melalui suratnya its letter No. 15/10/DPB1/PB1-5/Rahasia
No. 15/10/DPB1/PB1-5/Rahasia dengan which subject to the change of BSPD’s
syarat dilakukan perubahan atas kegiatan business activities from a conventional bank
usaha dari BSPD yang semula merupakan into a commercial bank under sharia
bank konvensional menjadi bank umum principles. 327
berdasarkan prinsip syariah.

Berdasarkan Akta Notaris No. 26 dan No. 27 Based on Notarial Deed No. 26 and No. 27
tanggal 30 Januari 2014 yang dibuat di dated 30 January 2014 before Hadijah S.H.,
hadapan Hadijahm S.H., M.Kn, notaris di M.Kn., notary in Jakarta, BTPN has
Jakarta, BTPN telah melakukan akuisisi atas acquired the Bank and has become the
Bank dan menjadi pemegang saham majority shareholder. It was acknowledged
mayoritas. Hal ini telah diketahui oleh by the Ministry of Law and Human Rights of
Kementerian Hukum dan Hak Asasi Manusia Republic Indonesia through its letter No.
Republik Indonesia melalui surat No. AHU- AHU-AH.01.10-04338 dated 12 February
AH.01.10-04338 tertanggal 12 Februari 2014. 2014.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Pada tanggal 4 Februari 2014, BTPN telah On 4 February 2014, BTPN has paid the
melakukan pembayaran terkait akuisisi total consideration of the acquisition
sebesar Rp 600.000 yang terdiri dari modal amounting to Rp 600,000 in the form of
dasar dan agio saham masing-masing authorised capital and paid in capital
sebesar Rp 373.333 dan Rp 226.667. amounting to Rp 373,333 and Rp 226,667,
respectively.

c. Penawaran Umum Perdana Saham c. Initial Public Offering

Berdasarkan Rapat Umum Pemegang Based on the Bank’s Circular Resolution of

Saham Luar Biasa (RUPSLB) Bank yang the Shareholders in lieu of the Extraordinary
dilakukan melalui surat edaran resolusi General Meeting of Shareholders
pemegang saham pada tanggal 16 November (RUPSLB) dated 16 November 2017, the
2017, para pemegang saham menyetujui shareholders approved the Initial Public
rencana Penawaran Umum Perdana Saham Offering of Ordinary Shares plan to public
Biasa kepada masyarakat melalui pasar through capital market and listing of the
modal serta melakukan pencatatan saham Bank’s shares at the Indonesia Stock
Bank di Bursa Efek Indonesia. Pada tanggal Exchange. On 25 April 2018, the Bank
25 April 2018, Bank memperoleh pernyataan obtained the effective notification from the
efektif dari OJK dengan surat No. S-36/D- OJK through its letter No. S-36/D-04/2018
04/2018 untuk penawaran umum perdana for the initial public offering.
saham tersebut.

14
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)

c. Penawaran Umum Perdana Saham c. Initial Public Offering (continued)

(lanjutan)
Bank melakukan penawaran umum perdana The Bank undertook an initial public offering
atas 770.370.000 saham dengan nilai of 770,370,000 shares with a nominal value
nominal sebesar Rp 100 (nilai penuh) setiap of Rp 100 (full amount) per share with
saham dengan harga penawaran setiap offering price of Rp 975 (full amount) per
saham sebesar Rp 975 (nilai penuh) kepada share to the public in Indonesia. The shares
masyarakat di Indonesia. Saham tersebut were listed at the Indonesia Stock
dicatat di Bursa Efek Indonesia pada tanggal Exchange on 8 May 2018. The funds
8 Mei 2018. Dana yang diterima oleh Bank received by the Bank from the initial public
atas penawaran umum perdana adalah offering amounting to Rp 735,020 (net of
sebesar Rp 735.020 (setelah biaya emisi dan issuance costs and tax).
pajak).
d. Dewan Komisaris, Direksi, Dewan d. Board of Commissioners, Board of
Pengawas Syariah, Komite Audit, Directors, Sharia Supervisory Board,
Sekretaris Perusahaan, Satuan Kerja Audit Committee, Corporate Secretary,
Audit Internal dan Karyawan Internal Audit Unit and Employees
Susunan Dewan Komisaris dan Direksi Bank The composition of the Board of
pada tanggal 31 Desember 2019 dan 2018 Commissioners and Board of Directors as
adalah sebagai berikut: of 31 December 2019 and 2018 was as
follows:

2019 2018

Dewan Komisaris Board of Commissioners

328 Komisaris Utama/Independen Kemal Azis Stamboel Kemal Azis Stamboel President Commissioner
Komisaris Independen Dewie Pelitawati Dewie Pelitawati Independent Commissioner
Komisaris Mahdi Syahbuddin Mahdi Syahbuddin Commissioner
Komisaris Yenny Lim* Maya Kartika Commissioner

Direksi Board of Directors

Direktur Utama/Independen Ratih Rachmawaty Ratih Rachmawaty President Director
Wakil Direktur Utama Mulia Salim Mulia Salim Deputy President Director
Direktur Kepatuhan Arief Ismail Arief Ismail Compliance Director
Direktur M. Gatot Adhi Prasetyo M. Gatot Adhi Prasetyo Director
Direktur Taras Wibawa Siregar Taras Wibawa Siregar Director

*) Efektif tanggal 2 September 2019 Effective as of 2 September 2019 *)

Perubahan susunan Dewan Komisaris dan The change in composition of the Board of
Direksi telah disetujui oleh OJK. Commissioners and Board of Directors has
been approved by OJK.
Susunan Dewan Pengawas Syariah Bank The composition of the Sharia Supervisory
pada tanggal 31 Desember 2019 dan 2018 Board as of 31 December 2019 and 2018
adalah sebagai berikut: was as follows:

2019 2018

Dewan Pengawas Syariah Sharia Supervisory Board

Ketua H. Ikhwan Abidin, MA H. Ikhwan Abidin, MA Chairman
Anggota H. Muhamad Faiz, MA H. Muhamad Faiz, MA Member

Susunan Komite Audit yang ditetapkan oleh The composition of Audit Committee as
Dewan Komisaris pada tanggal 31 Desember designated by the Board of Commissioners
2019 dan 2018 adalah sebagai berikut: as of 31 December 2019 and 2018 was as
follows:

2019 2018

Komite Audit Audit Committees

Ketua Kemal Azis Stamboel Kemal Azis Stamboel Chairman
Anggota Dewie Pelitawati Dewie Pelitawati Member
Anggota Lucy Susiana Noor *) Azis Budi Setiawan Member
Anggota Tika Arundina *) Muhammad Faisal Muchtar Member
*) Efektif tanggal 14 Februari 2019 Effective as of 14 February 2019 *)

15
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)

d. Dewan Komisaris, Direksi, Dewan d. Board of Commissioners, Board of

Pengawas Syariah, Komite Audit, Directors, Sharia Supervisory Board,
Sekretaris Perusahaan, Satuan Kerja Audit Committee, Corporate Secretary,
Audit Internal dan Karyawan (lanjutan) Internal Audit Unit and Employees
(continued)

Pada tanggal 31 Desember 2019 dan 2018, As of 31 December 2019 and 2018, the
Sekretaris Perusahaan Bank adalah Arief Bank’s corporate secretary was Arief Ismail.
Ismail.

Efektif sejak tanggal 1 Juni 2017 berdasarkan Effective since 1 June 2017 in accordance
Surat Keputusan Sirkuler Direksi with the Circular Decision Letter of the
No.006/CIR/DIR/V/2017 tanggal 18 Mei Bank’s Board of Directors
2017, Kepala Satuan Kerja Audit Internal No.006/CIR/DIR/V/2017 dated 18 May
pada 31 Desember 2019 dan 2018 adalah 2017, the Head of Internal Audit as of
Gatot Prasetyo. 31 December 2019 and 2018 was Gatot
Prasetyo.

Jumlah karyawan Bank pada tanggal As of 31 December 2019 and 2018, the
31 Desember 2019 dan 2018 masing-masing Bank had 11,495 and 11,512 permanent
adalah 11.495 orang dan 11.512 orang (tidak employees (unaudited), respectively.
diaudit).

e. Efektif tanggal 31 Desember 2012, fungsi, e. Effective 31 December 2012, the regulatory
tugas, dan wewenang pengaturan dan and supervisory functions, duties, and
pengawasan di sektor pasar modal beralih authority in the capital market sector moved
dari Bapepam-LK di Kementerian Keuangan from Bapepam-LK of the Ministry of 329
ke Bagian Pengawas Pasar Modal di OJK. Finance to the Capital Market Supervisory
Efektif tanggal 31 Desember 2013, fungsi, Department of OJK. Effective 31 December
tugas, dan wewenang pengaturan dan 2013, the regulatory and supervisory
pengawasan di sektor perbankan beralih dari functions, duties, and authority in the
Bank Indonesia ke OJK. banking sector moved from Bank Indonesia
to OJK.

2. DASAR PENYUSUNAN 2. BASIS OF PREPARATION

a. Pernyataan kepatuhan a. Statement of compliance

Laporan keuangan telah disusun dan

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

The financial statements have been
disajikan sesuai dengan Standar Akuntansi prepared and presented in accordance with
Keuangan di Indonesia. Indonesian Financial Accounting
Standards.

b. Laporan keuangan Bank ini disusun dan b. The Bank’s financial statements were
diotorisasi untuk diterbitkan oleh Direksi pada prepared and authorised for issuance by
tanggal 5 Maret 2020. the Board of Directors on 5 March 2020.

c. Mata uang fungsional dan penyajian c. Functional and presentation currency

Laporan keuangan disajikan dalam Rupiah, The financial statements are presented in
yang merupakan mata uang fungsional Rupiah, which is the Bank’s functional
Bank. Seluruh informasi keuangan yang currency. Unless otherwise stated, the
disajikan telah dibulatkan ke jutaan terdekat financial information presented in Rupiah
dalam jutaan Rupiah, kecuali dinyatakan has been rounded to the nearest million.
lain.

16
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

2. DASAR PENYUSUNAN (lanjutan) 2. BASIS OF PREPARATION (continued)

d. Penggunaan pertimbangan dan estimasi d. Use of judgments and estimates
Penyusunan laporan keuangan sesuai The preparation of financial statements in
dengan SAK di Indonesia mengharuskan conformity with SAK requires management
manajemen untuk membuat pertimbangan to make judgements and estimates that
dan estimasi yang mempengaruhi affect the application of accounting policies
penerapan kebijakan akuntansi, dan jumlah and the reported amounts of assets,
aset, liabilitas, pendapatan dan beban yang liabilities, income and expenses. Although
dilaporkan. Walaupun estimasi ini dibuat those estimates are based on
berdasarkan pengetahuan terbaik management’s best knowledge of current
manajemen atas kejadian dan kegiatan events and activities, actual results may
saat ini, hasil aktual mungkin berbeda differ from the estimated amounts.
dengan jumlah yang diestimasi semula.

Estimasi-estimasi dan asumsi-asumsi yang Estimates and underlying assumptions are

digunakan ditelaah secara reviewed on an ongoing basis. Revisions to
berkesinambungan. Revisi atas estimasi accounting estimates are recognised in the
akuntansi diakui pada periode dimana period in which the estimate is revised and
estimasi tersebut direvisi dan periode- in any future periods affected.
periode yang akan datang yang
dipengaruhi oleh revisi estimasi tersebut.

lnformasi mengenai hal-hal signifikan yang Information about significant areas of

terkait dengan ketidakpastian estimasi dan estimation uncertainties and critical
pertimbangan-pertimbangan signifikan judgments in applying accounting policies
dalam penerapan kebijakan akuntansi yang that have significant effect on the amounts
memiliki dampak yang signifikan terhadap recognised in the financial statements are
jumlah yang diakui dalam laporan described in Note 4.
330 keuangan dijelaskan di Catatan 4.
e. Dasar pengukuran e. Basis of measurement
Berdasarkan PSAK No. 101 (Revisi 2016), Based on PSAK No. 101 (2016 Revision), a
laporan keuangan bank syariah yang complete sharia bank financial statements
lengkap terdiri dari komponen-komponen consist of the following components:
sebagai berikut:

(i) Laporan posisi keuangan; (i) Statement of financial position;

ii) Laporan laba rugi dan penghasilan (ii) Statement of profit or loss and other
komprehensif lain; comprehensive income;
(iii) Laporan perubahan ekuitas; (iii) Statement of changes in equity;
(iv) Laporan arus kas; (iv) Statement of cash flows;
(v) Laporan rekonsiliasi pendapatan dan (v) Statement of reconciliation of income
bagi hasil; and revenue sharing;
(vi) Laporan sumber dan penyaluran (vi) Statement of sources and distribution
dana zakat; of zakat funds;
(vii) Laporan sumber dan penggunaan (vii) Statement of sources and uses of
dana kebajikan; dan qardhul hasan funds; and
(viii) Catatan atas laporan keuangan. (viii) Notes to the financial statements.
Laporan posisi keuangan, laporan laba rugi Statements of financial positions,
dan penghasilan komprehensif lain, laporan statements of profit or loss and other
perubahan ekuitas, dan laporan arus kas, comprehensive income, statements of
merupakan laporan keuangan yang changes in equity and statements of cash
mencerminkan kegiatan komersial Bank flows, are the financial statements reflecting
sesuai prinsip syariah. the Bank's commercial activities in
accordance with sharia principles.
Laporan keuangan disusun berdasarkan The financial statements have been
konsep harga perolehan, kecuali untuk prepared under the historical cost concept,
beberapa akun yang dinilai menggunakan except for certain accounts which have been
dasar pengukuran lain sebagaimana valued using another measurement basis as
dijelaskan dalam kebijakan akuntansi explained in the accounting policy for those
masing-masing akun tersebut, dan disusun specified accounts, and prepared under the
dengan dasar akrual, kecuali laporan arus accrual basis, except for the statement of
kas dan laporan rekonsiliasi pendapatan cash flows and statement of reconciliation of
dan bagi hasil. income and revenue sharing.

17
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

2. DASAR PENYUSUNAN (lanjutan) 2. BASIS OF PREPARATION (continued)

e. Dasar pengukuran (lanjutan) e. Basis of measurement (continued)

Laporan arus kas disusun dengan The statements of cash flows are prepared
menggunakan metode langsung dengan using the direct method by classifying cash
mengelompokkan arus kas dalam aktivitas flows into operating, investing and financing
operasi, investasi dan pendanaan. Untuk activities. For the presentation of cash flows
penyajian laporan arus kas, setara kas terdiri statement, cash equivalents consist of
dari giro dan penempatan pada Bank current accounts and placements with Bank
Indonesia, giro dan penempatan pada bank Indonesia, current accounts and placements
lain, dan investasi pada surat berharga yang with other banks, and investments in
jatuh tempo dalam 3 (tiga) bulan dari tanggal marketable securities with maturities of 3
penempatan dan yang tidak dijaminkan serta (three) months from the date of placement
tidak dibatasi penggunaannya. and are not pledged or restricted.

Laporan rekonsiliasi pendapatan dan bagi The statements of reconciliation of income

hasil merupakan rekonsiliasi antara and revenue sharing represent the
pendapatan Bank yang menggunakan dasar reconciliation between the Bank’s revenue
akrual (accrual basis) dengan pendapatan that are recognised under accrual basis with
yang didistribusikan kepada pemilik dana the revenue sharing distributed to fund
yang menggunakan dasar kas (cash basis). owner under the cash basis.

Laporan sumber dan penyaluran dana zakat The statements of sources and distribution
dan laporan sumber dan penggunaan dana of zakat funds and statements of sources
kebajikan mencerminkan peran Bank and uses of qardhul hasan funds reflect the
sebagai pemegang amanah dana kegiatan Bank’s role as the mandate holder of social
sosial yang dikelola secara terpisah. activity funds which are separately
managed.
331
Laporan sumber dan penyaluran dana zakat The statements of sources and distribution
merupakan laporan yang menunjukkan of zakat funds show the sources and
sumber dan penyaluran dana zakat dalam distribution of zakat funds for a certain
jangka waktu tertentu, serta dana zakat yang period, and the undistributed zakat funds at
belum disalurkan pada tanggal tertentu. a certain date.

Laporan sumber dan penggunaan dana The statements of sources and uses of
kebajikan menunjukkan sumber dan qardhul hasan funds show the sources and
penggunaan dana kebajikan dalam jangka uses of qardhul hasan funds for a certain
waktu tertentu serta saldo dana kebajikan period, and qardhul hasan funds balance at
pada tanggal tertentu. a certain date.

Sejak tanggal Bank beroperasi sebagai bank Since the date that the Bank is operating as
umum berdasarkan prinsip syariah, Bank commercial bank under sharia principles,

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

belum menunjuk suatu lembaga untuk the Bank has not appointed an institution to
mengelola sumber dan penggunaan dana manage sources and uses of zakat and
zakat dan kebajikan. qardhul hasan funds.

Sampai dengan tanggal 31 Desember 2019, Up to 31 December 2019, the Bank has not
Bank belum mengelola penerimaan dana managed zakat funds received from the
zakat, baik yang bersumber dari Bank Bank as well as external parties.
maupun dari pihak luar.

18
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

2. DASAR PENYUSUNAN (lanjutan) 2. BASIS OF PREPARATION (continued)

f. Perubahan kebijakan akuntansi f. Changes in accounting policies

Berikut ini adalah standar dan interpretasi The following standards and interpretation
standar yang berlaku efektif tanggal 1 Januari of standards became effective on 1 January
2019 dan relevan terhadap laporan keuangan 2019 and are relevant to the Bank’s
Bank: financial statements:

- Pernyataan Standar Akuntansi Keuangan - Statement of Financial Accounting

(“PSAK”) No. 24 ”Imbalan Kerja” Standard (”PSAK”) No. 24 ”Employee
- PSAK No. 46 ”Pajak Penghasilan” Benefits”
- Interpretasi Standar Akuntansi Keuangan - PSAK No. 46 ”Income Tax”
(”ISAK”) No. 34 ”Ketidakpastian dalam - Interpretation of Financial Accounting
Perlakuan Pajak Penghasilan” Standard (”ISAK”) No. 34 ”Uncertainty
Over Income Tax Treatments”

Implementasi dari standar-standar tersebut The implementation of the above standards

tidak membawa dampak perubahan yang did not result in significant changes to the
signifikan terhadap kebijakan akuntansi Bank’s accounting policies and on the
perusahaan dan jumlah yang dilaporkan di amounts reported for current or prior
tahun berjalan atau tahun sebelumnya. financial years.

3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING

SIGNIFIKAN POLICIES

332 Kebijakan akuntansi utama yang diterapkan The key accounting policies adopted consistently
secara konsisten dalam penyusunan laporan in preparing the Bank’s financial statements are
keuangan Bank adalah seperti dijabarkan di set out below:
bawah ini:

a. Giro dan penempatan pada Bank a. Current accounts and placements with
Indonesia Bank Indonesia

Giro dan penempatan pada Bank Indonesia Current accounts and placements with Bank
terdiri dari giro wadiah pada Bank Indonesia Indonesia consist of wadiah current
dan penanaman dana pada Bank Indonesia accounts with Bank Indonesia and
berupa Fasilitas Simpanan Bank Indonesia placements of funds with Bank Indonesia in
Syariah (“FASBIS”) dan Sertifikat Bank the form of Bank Indonesia Sharia Deposit
Indonesia Syariah (“SBIS”). Facilities (“FASBIS”) and Bank Indonesia
Sharia Certificates (“SBIS”).

FASBIS dan SBIS merupakan sertifikat yang FASBIS and SBIS are certificates issued by
diterbitkan Bank Indonesia sebagai bukti Bank Indonesia as a proof of short-term
penitipan dana berjangka pendek dengan fund deposits under wadiah and jualah
akad masing-masing adalah wadiah dan agreements, respectively. Current accounts
jualah. Giro dan Penempatan pada Bank and placements with Bank Indonesia are
Indonesia disajikan sebesar biaya perolehan. stated at acquisition cost.

b. Giro pada bank lain b. Current accounts with other banks

Giro pada bank lain dinyatakan sebesar saldo Current accounts with other banks are
giro dikurangi dengan cadangan kerugian stated at their outstanding balances, net of
penurunan nilai. Bonus yang diterima Bank allowance for impairment losses. Bonuses
dari bank umum syariah diakui sebagai received from sharia commercial banks are
pendapatan usaha utama lainnya. recognised as other main operating income.
Penerimaan jasa giro dari bank umum Interest income from conventional
konvensional (jika ada) tidak diakui sebagai commercial banks (if any) are not
pendapatan Bank dan digunakan untuk dana recognised as the Bank’s income but are
kebajikan (qardhul hasan). used as part of the qardhul hasan funds.

19
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING

SIGNIFIKAN (lanjutan) POLICIES (continued)

c. Penempatan pada bank Lain c. Placements with other banks

Penempatan pada bank lain adalah Placements with other banks represent
penempatan dana pada bank umum syariah, placements with sharia commercial banks,
unit usaha syariah dan/atau BPR syariah sharia business units and/or sharia rural
antara lain dalam bentuk giro, tabungan, banks in the form of current accounts,
deposito, pembiayaan, dan/atau bentuk saving accounts, deposits, financing and/or
penempatan lainnya berdasarkan prinsip other placements based on sharia
syariah. Penempatan pada bank lain disajikan principles. Placements with other banks are
sebesar saldo penempatan, setelah dikurangi stated at their outstanding balances, net of
cadangan kerugian penurunan nilai. allowance for impairment losses.

d. Investasi pada surat berharga d. Investment in marketable securities

Surat berharga syariah adalah surat bukti Sharia marketable securities are proof of
investasi berdasarkan prinsip syariah yang investments based on sharia principles that
lazim diperdagangkan di pasar uang syariah are commonly traded in the sharia money
dan/atau pasar modal syariah antara lain market and/or sharia capital markets,
obligasi syariah (sukuk), Sertifikat Investasi including sharia bonds (sukuk), Certificate
Mudharabah Antarbank (SIMA), reksa dana of Interbank Mudharabah Investment
syariah dan surat berharga lainnya (SIMA), sharia mutual funds and other
berdasarkan prinsip syariah. securities based on sharia principles.

Bank menentukan klasifikasi investasi pada The Bank determined the classification of
sukuk dan efek lain yang mempunyai investments in sukuk and other securities
karakteristik yang serupa dengan sukuk, which have similar characteristics with 333
sesuai dengan PSAK No. 110 (Revisi 2015) sukuk, in accordance with PSAK No. 110
tentang “Akuntansi Sukuk" sebagai berikut: (2015 Revision) regarding "Accounting for
Sukuk" as follows:

1) Diukur pada biaya perolehan. Investasi 1) Measured at acquisition cost. The

tersebut dimiliki dalam suatu model usaha investment is held in a business model
yang bertujuan utama untuk memperoleh whereby the primary goal is to collect
arus kas kontraktual dan terdapat contractual cash flows and has
persyaratan kontraktual dalam contractual terms in determining the
menentukan tanggal tertentu atas specific date of principal payments and
pembayaran pokok dan atau hasilnya. or the margin. At the initial recognition,
Pada saat pengakuan awal, investasi investments in sukuk are measured at
pada sukuk diukur pada biaya perolehan acquisition cost plus directly attributable
termasuk biaya transaksi yang dapat transaction costs. Subsequent to initial

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

diatribusikan secara langsung untuk recognition, investments in sukuk are
perolehan investasi tersebut. Setelah stated at acquisition cost, plus
pengakuan awal, investasi pada sukuk unamortized portion of transaction costs
dinyatakan sebesar biaya perolehan, that are amortized using straight-line
ditambah biaya transaksi yang belum method, minus allowance for impairment
diamortisasi dengan menggunakan losses, if any.
metode garis lurus, dikurangi cadangan
kerugian penurunan nilai, jika ada.

2) Diukur pada nilai wajar melalui 2) Measured at fair value through other
penghasilan komprehensif lain. Investasi comprehensive income. The investment
tersebut dimiliki dalam suatu model usaha is held in a business model whereby the
yang bertujuan utama untuk memperoleh primary goal is to obtain contractual cash
arus kas kontraktual dan melakukan flows and to sell the sukuk, and has
penjualan sukuk, terdapat persyaratan contractual terms in determining the
kontraktual dalam menentukan tanggal specific date of principal payments
tertentu atas pembayaran pokok dan/atau and/or the results.
hasilnya.

20
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING

SIGNIFIKAN (lanjutan) POLICIES (continued)

d. Investasi pada surat berharga (lanjutan) d. Investment in marketable securities

(continued)

Pada saat pengakuan awal, investasi At the initial recognition, investments in

pada sukuk diukur pada biaya perolehan sukuk are measured at acquisition cost
termasuk biaya transaksi yang dapat plus directly attributable transaction
diatribusikan secara langsung untuk costs. Subsequent to initial recognition,
perolehan investasi tersebut. Setelah investments in sukuk are stated at fair
pengakuan awal, investasi pada sukuk value. All changes in fair value are
dicatat sebesar nilai wajar. Seluruh recognised in other comprehensive
perubahan nilai wajar diakui pada income. When sukuk is derecognised,
penghasilan komprehensif lain. Ketika accumulated gains or losses which have
investasi sukuk dihentikan previously been recognised in other
pengakuannya, akumulasi keuntungan comprehensive income is reclassified to
atau kerugian yang sebelumnya diakui profit or loss.
dalam penghasilan komprehensif lain
diklasifikasikan ke laba rugi.

3) Diukur pada nilai wajar melalui laba rugi. 3) Measured at fair value through profit or
Pada saat pengakuan awal, investasi loss. At the initial recognition,
pada sukuk diukur pada nilai wajar yang investments in sukuk are measured at
jumlahnya sebesar biaya perolehan. fair value which is equal to the acquisition
Biaya transaksi langsung diakui pada cost. Transaction costs are directly
laba rugi. Setelah pengakuan awal, recognised in profit or loss. Subsequent
investasi pada sukuk dicatat sebesar to initial recognition, investments in
nilai wajar. Seluruh perubahan nilai wajar sukuk are stated at fair value. All
diakui pada laba rugi tahun berjalan. changes in fair value are recognised in
334 the current year profit or loss.

Investasi dalam unit reksa dana syariah Investments in sharia mutual funds are
dinyatakan sebesar nilai wajar yang presented at fair value which is measured
ditentukan berdasarkan nilai aset bersih dari based on net asset value of mutual funds at
reksa dana pada tanggal pelaporan. Seluruh reporting date. All changes in net asset
perubahan nilai aset bersih diakui pada value are recognised in other
penghasilan komprehensif lain. comprehensive income.

Bank mencatat transaksi efek-efek yang The Bank records securities purchased
dibeli dengan janji dijual kembali berdasarkan under resale agreements in accordance
PSAK No. 111 “Akuntansi Wa’d”. Pada saat with PSAK No. 111 “Accounting for Wa’d”.
pengakuan awal, Bank mengklasifikasikan At initial recognition, the Bank classifies the
surat berharga syariah yang diperoleh dari underlying securities from the first sale and
transaksi jual beli pertama dalam kategori purchase transaction as measured at fair
diukur pada nilai wajar melalui penghasilan value through other comprehensive income.
komprehensif lain. Keuntungan atau kerugian Gains or losses arising from changes in its
dari perubahan nilai wajar diakui dalam fair value are recorded as other
penghasilan komprehensif lain. comprehensive income.

e. Piutang murabahah e. Murabahah receivables

Murabahah adalah akad jual beli antara Murabahah is a sale and purchase contract
nasabah dengan Bank, dimana Bank between the customer and the Bank,
membiayai kebutuhan barang untuk whereby the Bank finances the goods for
konsumsi, investasi dan modal kerja nasabah consumption, investment and working
yang dijual dengan harga pokok ditambah capital needs of the customer, that are sold
dengan marjin yang diketahui dan disepakati with a principle price plus a certain margin
bersama. Pembayaran atas pembiayaan ini that is mutually informed and agreed.
dilakukan dengan cara mengangsur dalam Repayment on this financing is made in
jangka waktu yang ditentukan. installments within a specified period.

21
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING

SIGNIFIKAN (lanjutan) POLICIES (continued)

e. Piutang murabahah (lanjutan) e. Murabahah receivables (continued)

Piutang murabahah pada awalnya diukur Murabahah receivables are initially

pada nilai bersih yang dapat direalisasi measured at net realizable value plus
ditambah dengan biaya transaksi yang dapat directly attributable transaction costs and
diatribusikan secara langsung dan biaya additional costs to obtain the respective
tambahan untuk memperoleh piutang murabahah receivables. Subsequent to the
murabahah tersebut. Setelah pengakuan initial recognition, they are measured at
awal, piutang murabahah diukur pada biaya amortized cost using the effective rate of
perolehan diamortisasi menggunakan return method less deferred margin income
metode imbal hasil efektif dikurangi and allowance for impairment losses.
pendapatan marjin yang ditangguhkan dan
cadangan kerugian penurunan nilai.

f. Cadangan kerugian penurunan nilai f. Allowance for impairment losses of

piutang murabahah murabahah receivables

Bank melakukan evaluasi penurunan nilai The Bank performs impairment evaluation
secara kolektif karena seluruh piutang collectively as all murabahah receivables
murabahah memiliki karakteristik risiko kredit have similar credit risk characteristics and
yang serupa dan secara individual memiliki are individually insignificant in amount.
nilai tidak signifikan.

Cadangan kerugian penurunan nilai atas Allowance for impairment losses on

piutang murabahah dinilai secara kolektif murabahah receivables are collectively
berdasarkan pengalaman kerugian historis. assessed based on historical loss
Pengalaman kerugian historis disesuaikan experience. Historical loss experience is 335
dengan menggunakan data yang dapat adjusted using current observable data to
diobservasi untuk mencerminkan efek dari reflect the effects of current conditions
kondisi saat ini terhadap Bank dan affecting the Bank and to remove the effects
menghilangkan efek dari masa lalu yang of conditions in the historical period which
sudah tidak berlaku saat ini. do not currently exist.

Kerugian penurunan nilai atas piutang Impairment losses on murabahah

murabahah diukur sebesar selisih antara nilai receivables are measured at the difference
tercatat piutang murabahah dengan nilai kini between the carrying amount of the
estimasi arus kas masa datang yang murabahah receivables and present value
didiskonto menggunakan tingkat imbal hasil of estimated future cash flows discounted at
efektif awal dari piutang murabahah tersebut. the murabahah receivables’ original
effective rate of return.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Ketika pembiayaan yang diberikan tidak When a financing is uncollectible, it is
tertagih, pembiayaan tersebut dihapusbuku written-off against the related allowance for
dengan menjurnal balik cadangan kerugian impairment losses. Such financing is
penurunan nilai. Pembiayaan tersebut dapat written-off after all necessary procedures
dihapusbuku setelah semua prosedur yang have been completed and the amount of the
diperlukan telah terpenuhi dan jumlah loss has been determined. Impairment
kerugian telah ditentukan. Beban penurunan charges are recognised as “provision for
nilai diakui sebagai “Pembentukan cadangan allowance for impairment losses”.
kerugian penurunan nilai”.

22
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING

SIGNIFIKAN (lanjutan) POLICIES (continued)

f. Cadangan kerugian penurunan nilai f. Allowance for impairment losses of

piutang murabahah (lanjutan) murabahah receivables (continued)

Penerimaan kembali atas pembiayaan yang Subsequent recoveries of financing written

telah dihapusbukukan pada tahun berjalan off in the current year are credited to the
dikreditkan pada akun pembentukan provision for allowance for impairment
cadangan kerugian penurunan nilai. losses account. Subsequent recoveries of
Penerimaan kembali atas pembiayaan yang financing written off in previous year are
telah dihapusbukukan pada tahun recognised as other operating income.
sebelumnya dicatat sebagai pendapatan
operasi lainnya.

g. Pinjaman qardh g. Funds of qardh

Pinjaman qardh adalah penyaluran dana Funds of qardh represent a distribution of

dengan akad qardh. funds with qardh agreement.

Pinjaman qardh adalah penyediaan dana Funds of qardh represent funds provided or
atau tagihan yang dapat dipersamakan similar claims based on an agreement or
dengan itu berdasarkan persetujuan atau contract between the borrower and the
kesepakatan antara peminjam dan Bank yang Bank, wherein the borrower should repay
mewajibkan peminjam melunasi hutangnya the loan after a specified period of time.
setelah jangka waktu tertentu.

Pinjaman qardh diakui sebesar total dana A funds of qardh is recognised in the
336 yang dipinjamkan pada saat terjadinya. Bank amount lent at the transaction date. The
dapat menerima imbalan namun tidak Bank may receive a fee, however, this
diperkenankan untuk dipersyaratkan di dalam should not be stated in the agreement. The
perjanjian. Imbalan tersebut diakui pada saat fee is recognised upon receipt.
diterima.

Pinjaman qardh disajikan sebesar saldonya Funds of qardh are stated at their
dikurangi cadangan kerugian penurunan nilai. outstanding balances less allowance for
impairment losses.

h. Pembiayaan musyarakah h. Musyarakah financing

Pembiayaan musyarakah adalah akad Musyarakah financing is an agreement

kerjasama antara dua pihak atau lebih untuk between two or more parties for a particular
suatu usaha tertentu, dimana masing-masing business, in which each party contributes
pihak memberikan kontribusi dana dengan funds with the terms that profits are shared
ketentuan bahwa keuntungan dibagi according to the agreement, while losses
berdasarkan kesepakatan, sedangkan are borne by each party proportionate to the
kerugian berdasarkan porsi kontribusi dana. amount of fund contributions. The fund
Dana tersebut meliputi kas atau aset non-kas consists of cash or non-cash assets allowed
yang diperkenankan oleh syariah. by sharia.

Pembiayaan musyarakah dinyatakan Musyarakah financing is stated at

sebesar saldo pembiayaan dikurangi dengan outstanding balance, net of allowance for
saldo cadangan kerugian penurunan nilai. impairment losses. The Bank provides
Bank menetapkan cadangan kerugian allowance for impairment losses based on
penurunan nilai sesuai dengan kualitas the financing quality as determined by a
pembiayaan berdasarkan penelaahan atas review of each account.
masing-masing saldo pembiayaan.

Cadangan kerugian penurunan nilai atas The allowance for impairment losses on
pembiayaan musyarakah dihitung dengan musyarakah financing is calculated using
pendekatan sesuai pencadangan menurut the regulatory provisioning approach.
regulator.

23
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING

SIGNIFIKAN (lanjutan) POLICIES (continued)

i. Aset Keuangan dan Liabilitas Keuangan i. Financial Assets and Financial Liabilities

Aset keuangan Bank terutama terdiri dari kas, The Bank’s financial assets mainly consist
giro dan penempatan pada Bank Indonesia, of cash, current accounts and placements
giro pada bank lain, penempatan pada bank with Bank Indonesia, current accounts with
lain, investasi pada surat berharga, piutang other banks, placements with other banks,
murabahah, pinjaman qardh dan pembiayaan investments in marketable securities,
musyarakah. murabahah receivables, funds of qardh and
musyarakah financing.

Liabilitas keuangan Bank terutama terdiri dari The Bank’s financial liabilities mainly
liabilitas segera, bagi hasil yang belum consist of liabilities due immediately,
dibagikan, simpanan nasabah, akrual dan undistributed revenue sharing, deposits
liabilitas lain-lain tertentu. from customers, certain accruals and other
liabilities.

i.1. Pengakuan i.1. Recognition

Pada saat pengakuan awal, aset A financial asset or financial liability is

keuangan atau liabilitas keuangan diukur initially measured at fair value plus/less
pada nilai wajar ditambah/dikurangi (for financial instruments not
(untuk instrumen keuangan yang tidak subsequently measured at fair value
diukur pada nilai wajar melalui laba rugi through profit or loss) transaction costs
setelah pengakuan awal) biaya transaksi that are directly attributable to the
yang dapat diatribusikan secara langsung acquisition of a financial asset or
atas perolehan aset keuangan atau issuance of a financial liability. The
penerbitan liabilitas keuangan. subsequent measurement of financial 337
Pengukuran aset keuangan dan liabilitas assets and financial liabilities depends
keuangan setelah pengakuan awal on their classification.
tergantung pada klasifikasi aset
keuangan dan liabilitas keuangan
tersebut.

Biaya transaksi hanya meliputi biaya- Transaction costs include only those
biaya yang dapat diatribusikan secara costs that are directly attributable to the
langsung untuk perolehan suatu aset acquisition of a financial asset or
keuangan atau penerbitan suatu liabilitas issuance of a financial liability and are
keuangan dan merupakan biaya incremental costs that would not have
tambahan yang tidak akan terjadi apabila been incurred if the instrument had not
instrumen keuangan tersebut tidak been acquired or issued. In the case of

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

diperoleh atau diterbitkan. Untuk aset financial assets, transaction costs are
keuangan, biaya transaksi ditambahkan added to the amount recognised
pada jumlah yang diakui pada awal initially, while for financial liabilities,
pengakuan aset, sedangkan untuk transaction costs are deducted from the
liabilitas keuangan, biaya transaksi amount of debt recognised initially.
dikurangkan dari jumlah utang yang Such transaction costs are amortised
diakui pada awal pengakuan liabilitas. over the terms of the instruments based
Biaya transaksi tersebut diamortisasi on the effective interest method and are
selama umur instrumen berdasarkan recorded as part of interest income for
metode suku bunga efektif dan dicatat transaction costs related to financial
sebagai bagian dari pendapatan bunga assets or interest expense for
untuk biaya transaksi sehubungan transaction costs related to financial
dengan aset keuangan atau sebagai liabilities.
bagian dari beban bunga untuk biaya
transaksi sehubungan dengan liabilitas
keuangan.

24
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING

SIGNIFIKAN (lanjutan) POLICIES (continued)

i. Aset Keuangan dan Liabilitas Keuangan i. Financial Assets and Financial Liabilities
(lanjutan) (continued)

i.2. Penghentian pengakuan i.2. Derecognition

Bank menghentikan pengakuan aset The Bank derecognises a financial

keuangan pada saat hak kontraktual atas asset when the contractual rights to the
arus kas yang berasal dari aset keuangan cash flows from the financial asset
tersebut kadaluwarsa, atau Bank expire, or when it transfers the rights to
mentransfer seluruh hak untuk menerima receive the contractual cash flows on
arus kas kontraktual dari aset keuangan the financial asset in a transaction in
dalam transaksi dimana Bank secara which substantially all the risks and
substansial telah mentransfer seluruh risiko rewards of ownership of the financial
dan manfaat atas kepemilikan aset asset are transferred. Any interest in
keuangan yang ditransfer. Setiap hak atau transferred financial assets that is
liabilitas atas aset keuangan yang created or retained by the Bank is
ditransfer yang timbul atau yang masih recognized as a separate asset or
dimiliki oleh Bank diakui sebagai aset atau liability.
liabilitas secara terpisah.

Bank menghentikan pengakuan liabilitas The Bank derecognises a financial

keuangan pada saat liabilitas yang liability when its contractual obligations
ditetapkan dalam kontrak dilepaskan atau are discharged or cancelled or expired.
dibatalkan atau kadaluwarsa.

Dalam transaksi dimana Bank secara In transactions in which the Bank neither
338 substansial tidak memiliki atau tidak retains nor transfers substantially all the
mentransfer seluruh risiko dan manfaat risks and rewards of ownership of a
atas kepemilikan aset keuangan. Bank financial asset, the Bank derecognises
menghentikan pengakuan aset tersebut the asset if it does not retain control over
jika Bank tidak lagi memiliki pengendalian the asset. The rights and obligations
atas aset tersebut. Hak dan kewajiban retained in the transfers are recognised
yang masih dimilki dalam transfer tersebut separately as assets and liabilities as
diakui secara terpisah sebagai aset atau appropriate. In transfers in which control
liabilitas. Dalam transfer dimana over the asset is retained, the Bank
pengendalian atas aset masih dimiliki, continues to recognise the asset to the
Bank tetap mengakui aset yang ditransfer extent of its continuing involvement,
tersebut sebesar keterlibatan determined by the extent to which it is
berkelanjutan, dimana tingkat exposed to changes in the value of the
keberlanjutan Bank dalam aset yang transferred asset.
ditransfer adalah sebesar perubahan nilai
aset yang ditransfer.

Bank menghapusbukukan aset keuangan The Bank writtes off a financial asset
dan cadangan kerugian penurunan nilai and any related allowance for
terkait, pada saat Bank menentukan bahwa impairment losses, when the Bank
aset keuangan tersebut tidak dapat ditagih determines that the financial asset is
seluruhnya. Keputusan ini diambil setelah completely uncollectible. This
mempertimbangkan informasi seperti telah determination is reached after
terjadinya perubahan signifikan pada posisi considering information such as the
keuangan debitur/penerbit aset keuangan occurrence of significant changes in the
sehingga debitur/penerbit aset keuangan financial position of borrower/financial
tidak lagi dapat melunasi kewajibannya, asset’s issuer such that the
atau hasil penjualan agunan tidak akan borrower/financial asset’s issuer can no
cukup untuk melunasi seluruh eksposur longer pay the obligation, or that
kredit yang diberikan. proceeds from collateral will not be
sufficient to pay back the entire
exposure.

25
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING

SIGNIFIKAN (lanjutan) POLICIES (continued)

i. Aset Keuangan dan Liabilitas Keuangan i. Financial Assets and Financial Liabilities
(lanjutan) (continued)

i.3. Saling hapus i.3. Offsetting

Aset keuangan dan liabilitas keuangan Financial assets and liabilities are offset
disalinghapuskan dan jumlah netonya and the net amount is reported in the
dilaporkan pada laporan posisi keuangan statement of financial position when
ketika terdapat hak yang berkekuatan there is a legally enforceable right to
hukum untuk melakukan saling hapus atas offset the recognised amounts and
jumlah yang telah diakui tersebut dan there is an intention to settle on a net
adanya niat untuk menyelesaikan liabilitas basis, or realise the asset and settle the
secara bersamaan. Hak saling hapus tidak liability simultaneously. The legally
kontijen atas peristiwa di masa depan dan enforceable right must not be contingent
dapat dipaksakan secara hukum dalam on future events and must be
situasi bisnis yang normal dan dalam enforceable in the normal course of
peristiwa gagal bayar, atau peristiwa business and in the event of default, or
kepailitan atau kebangkrutan Bank atau in solvency or bankruptcy of the Bank or
pihak lawan. the counterparty.

Pendapatan dan beban disajikan dalam Income and expenses are presented on
jumlah bersih hanya jika diperkenankan a net basis only when permitted by the
oleh standar akuntansi. accounting standards.

j. Aset tetap dan aset takberwujud j. Fixed assets and intangible assets

Aset tetap Fixed assets

Tanah tidak disusutkan. Sejak tanggal Land is not depreciated. Since 28 February
28 Februari 2016 tanah dinilai dengan metode 2016 land is measured using revaluation 339
revaluasi. Tanah disajikan sebesar nilai wajar method. Land is shown at fair value, based
berdasarkan penilaian yang dilakukan oleh on valuation performed by external
penilai independen eksternal yang telah independent valuer which is registered in
terdaftar di OJK. Penilaian atas aset tersebut OJK. Valuations are performed with
dilakukan secara berkala untuk memastikan sufficient regularity to ensure that the fair
bahwa nilai wajar aset yang direvaluasi tidak value of a revalued asset does not differ
berbeda secara material dengan jumlah materially from its carrying amount. Fair
tercatatnya. Selisih nilai wajar diakui sebagai value changes are recognised as “asset
“cadangan revaluasi aset” yang merupakan revaluation reserve” which is an equity
komponen ekuitas. component.

Jika aset yang direvaluasi dijual, jumlah yang When revalued assets are sold, the
dicatat di dalam ekuitas dipindahkan ke saldo amounts included in equity are transferred
laba. to retained earnings.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Aset tetap, selain tanah, dinyatakan sebesar Fixed Assets, except land, are stated at
biaya perolehan dikurangi akumulasi acquisition cost less accumulated
penyusutan dan rugi penurunan nilai (jika ada). depreciation and impairment losses (if any).
Biaya perolehan termasuk biaya penggantian Acquisition cost includes the cost of
bagian aset tetap saat biaya tersebut terjadi, replacing parts of fixed assets when the cost
jika memenuhi kriteria pengakuan. Semua is incurred, if the recognition criteria are
biaya pemeliharaan dan perbaikan yang tidak met. All other repairs and maintenance cost
memenuhi kriteria pengakuan diakui dalam which do not meet the recognition criteria
laba rugi pada saat terjadinya. Pada setiap are recognised in profit or loss as incurred.
tanggal pelaporan, nilai residu, umur manfaat, At each reporting date, the residual value,
dan metode penyusutan ditelaah kembali dan useful life, and depreciation method are
jika sesuai dengan keadaan, disesuaikan reviewed and if appropriate with the
secara prospektif. condition, adjusted prospectively.

Aset tetap, selain tanah, disusutkan selama Fixed assets, except land, are depreciated
taksiran masa manfaat ekonomis aset tetap over their expected useful lives using
dengan metode garis lurus dan diakui sebesar straight-line method and are stated at
harga perolehan setelah dikurangi dengan acquisition cost less accumulated
akumulasi penyusutan. depreciation.

26
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING

SIGNIFIKAN (lanjutan) POLICIES (continued)

j. Aset tetap dan aset takberwujud (lanjutan) j. Fixed assets and intangible assets
(continued)

Aset tetap (lanjutan) Fixed assets (continued)

Taksiran masa manfaat ekonomis aset tetap The expected useful lives of fixed assets are
adalah sebagai berikut: as follows:

Tahun/Years

Gedung 20 Buildings
Golongan I: Class I:
Kendaraan bermotor 4 Vehicles
Perlengkapan kantor 4&8 Office equipment
Golongan II: Class II:
Kendaraan bermotor 3 Vehicles
Perlengkapan kantor 5&8 Office equipment
sesuai masa sewa/
Leasehold improvement according to lease period Leasehold improvement

Perlengkapan kantor terdiri dari perabotan dan Office equipment consists of furniture and
perlengkapan, instalasi, perangkat keras fixture, installation, computer hardware,
komputer, peralatan komunikasi dan peralatan communication and other office equipment.
kantor lainnya.
Jumlah tercatat aset tetap dihentikan The carrying amount of fixed assets is
pengakuannya pada saat dilepaskan atau saat derecognised upon disposal or when no
tidak ada manfaat ekonomis masa depan yang future economic benefits are expected from
diharapkan dari penggunaan atau its use or disposal. Any gains or losses arising
340 pelepasannya. Laba atau rugi yang timbul dari from derecognition of fixed assets (calculated
penghentian pengakuan aset (dihitung as the difference between the net proceeds
sebagai perbedaan antara jumlah neto hasil from disposal and the carrying amount of the
pelepasan dan jumlah tercatat dari aset) diakui assets) are recognised in profit or loss in the
dalam laba rugi pada periode aset tersebut period when those assets are derecognised.
dihentikan pengakuannya.
Bank menelaah apakah terdapat indikasi The Bank reviews whether there are
penurunan nilai aset pada tanggal pelaporan. indications of impairment as of the reporting
Apabila terdapat indikasi penurunan nilai aset, date. If there are any indications of
Bank mengestimasi jumlah yang dapat impairment, the Bank estimates the
diperoleh kembali dari aset tersebut. Kerugian recoverable amount of the asset. Impairment
penurunan nilai diakui dalam laba rugi tahun losses are charged to the current year profit
berjalan. or loss.
Aset takberwujud Intangible assets
Piranti lunak diakui sebesar harga perolehan Software is recognised at acquisition cost and
dan selanjutnya dicatat sebesar harga subsequently carried at acquisition cost less
perolehan dikurangi akumulasi amortisasi. accumulated amortisation.
Biaya yang terkait dengan pemeliharaan Costs associated with maintaining software
program piranti lunak diakui sebagai beban programs are recognised as expense when
pada saat terjadinya. Biaya pengembangan incurred. Development costs, which are
yang dapat secara langsung diatribusikan directly attributable to the design and testing
dalam pembuatan dan pengujian produk of identifiable software by the Bank, is
piranti lunak yang dapat diidentifikasi oleh recognised as intangible assets.
Bank diakui sebagai aset takberwujud.

Biaya yang dapat diatribusikan secara Directly attributable costs are capitalised as
langsung dikapitalisasi sebagai bagian produk part of the software product which include the
piranti lunak mencakup beban pekerja software development employee costs and an
pengembang piranti lunak dan bagian appropriate portion of relevant overheads.
overhead yang relevan.

Pengeluaran pengembangan yang lain yang Other development expenditures which do

tidak memenuhi kriteria ini diakui sebagai not meet these criteria, are recognised as
beban pada saat terjadinya. Biaya expenses as incurred. Development costs
pengembangan yang sebelumnya diakui previously recognised as expenses are not
sebagai beban tidak dapat diakui sebagai aset recognised as assets in a subsequent period.
pada periode berikutnya.

27
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING

SIGNIFIKAN (lanjutan) POLICIES (continued)

j. Aset tetap dan aset takberwujud (lanjutan) j. Fixed assets and intangible assets
(continued)

Aset takberwujud (lanjutan) Intangible assets (continued)

Biaya pengembangan piranti lunak diakui Software development costs recognised as

sebagai aset yang diamortisasi selama assets are amortised over their estimated
estimasi masa manfaat, yang tidak lebih dari useful lives, which does not exceed four
empat tahun atau tidak lebih dari tarif years or does not exceed 25% amortisation
amortisasi 25% dan dihitung dengan rate and calculated using the straight-line
menggunakan metode garis lurus. method.

Aset takberwujud dihentikan pengakuannya Intangible assets shall be derecognised on

saat aset tersebut dilepas atau ketika tidak disposal or when no future economic
lagi terdapat manfaat masa depan yang benefits are expected from its use or
diharapkan dari penggunaan atau disposal.
pelepasannya.

k. Aset lain-lain k. Other assets

Aset lain-lain antara lain terdiri dari uang Other assets consist of advances, security
muka, setoran jaminan, dan lain-lain. deposits, and others.

Bank mengakui kerugian penurunan nilai The Bank recognises impairment of other
untuk aset lain-lain apabila taksiran jumlah assets if the recoverable amount of the
yang dapat diperoleh kembali dari suatu aset assets is lower than the carrying value. At
lebih rendah dari nilai tercatatnya. Pada each reporting date, the Bank evaluates the 341
setiap tanggal pelaporan, Bank melakukan recoverable amount of the assets to
penelaahan atas jumlah yang dapat determine whether there is an indication of
dipulihkan untuk menentukan apakah impairment. The impairment losses is
terdapat indikasi penurunan nilai. Kerugian recognised in the current year profit or loss.
penurunan nilai diakui dalam laba rugi tahun
berjalan.

l. Liabilitas segera l. Liabilities due immediately

Liabilitas segera merupakan kewajiban Bank Liabilities due immediately represent the
kepada pihak lain yang sifatnya wajib segera Bank’s liabilities to other parties which
dibayarkan sesuai perintah pemberi amanat should be settled immediately based on
perjanjian yang ditetapkan sebelumnya. predetermined instructions by those having

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Liabilitas segera dinyatakan sebesar nilai the authority. Liabilities due immediately are
kewajiban Bank kepada pemberi amanat. stated at the amounts of Bank’s liabilities to
the trustee.

m. Simpanan nasabah m. Deposits from customers

Simpanan nasabah adalah dana yang Deposits from customers are the funds
dipercayakan oleh masyarakat kepada Bank placed by customers to the Bank based on
berdasarkan perjanjian penyimpanan dana. fund deposits agreements. Included in these
Termasuk di dalamnya adalah giro wadiah accounts are wadiah demand deposits and
dan tabungan wadiah. wadiah saving deposits.

Giro wadiah merupakan giro wadiah yadh- Wadiah demand deposits are wadiah yadh-
dhamanah yakni titipan dana pihak lain yang dhamanah demand deposits in which the
boleh digunakan oleh Bank dan dimana Bank is permitted to use and the funds
pemilik dana mendapatkan bonus owners will get bonus based on the Bank’s
berdasarkan kebijakan Bank. Giro wadiah policy. Wadiah demand deposits are stated at
dicatat sebesar saldo titipan pemegang giro the amount entrusted by depositors.
wadiah.

28
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING

SIGNIFIKAN (lanjutan) POLICIES (continued)

m. Simpanan nasabah (lanjutan) m. Deposits from customers (continued)

Tabungan wadiah merupakan simpanan Wadiah saving deposits represent third party
pihak lain yang bisa diambil kapan saja (on funds which can be taken at any time (on call)
call) atau berdasarkan kesepakatan dimana or by an agreement which required no reward
tidak ada imbalan yang disyaratkan kecuali except in the form of bonus ('Athaya) provided
dalam bentuk pemberian (‘Athaya) sukarela by the Bank voluntarily.
dari pihak Bank.
n. Dana syirkah temporer n. Temporary syirkah funds
Dana syirkah temporer merupakan investasi Temporary syirkah funds represent
dengan akad mudharabah mutlaqah, yaitu investments from other parties conducted on
pemilik dana (shahibul maal) memberikan the basis mudharabah mutlaqah contract in
kebebasan kepada pengelola dana which the owners of the funds (shahibul maal)
(mudharib/Bank) dalam pengelolaan grant freedom to the fund manager
investasinya sesuai prinsip syariah dengan (mudharib/Bank) in the management of their
keuntungan dibagikan sesuai kesepakatan. investments according to sharia principle with
Dana syirkah temporer terdiri dari tabungan profit distributed based on the agreement.
mudharabah dan deposito mudharabah. Temporary syirkah funds consist of
mudharabah saving accounts and
mudharabah time deposits.
Tabungan mudharabah merupakan investasi Mudharabah saving accounts represent
yang bisa ditarik kapan saja (on call) atau investment which could be withdrawn anytime
sesuai dengan persyaratan tertentu yang (on call) or can be withdrawn based on certain
disepakati. Tabungan mudharabah agreed terms. Mudharabah saving accounts
342 dinyatakan sebesar saldo tabungan nasabah are stated based on the customer’s savings
di Bank. deposit balance at the Bank.
Deposito mudharabah merupakan investasi Mudharabah time deposits represent
yang hanya bisa ditarik pada waktu tertentu investment which can only be withdrawn at a
sesuai dengan perjanjian antara pemegang certain time based on the agreement between
deposito mudharabah dengan Bank. the customer and the Bank. Mudharabah time
Deposito mudharabah dinyatakan sebesar deposits are stated at nominal amount as
nilai nominal sesuai dengan perjanjian antara agreed between the deposit holder and the
pemegang deposito dengan Bank. Bank.
Dana syirkah temporer tidak dapat Temporary syirkah funds cannot be classified
digolongkan sebagai liabilitas karena Bank as liability because the Bank does not have
tidak berkewajiban untuk menjamin any obligation to return the initial funds to the
pengembalian jumlah dana awal dari pemilik owners if the Bank experiences losses,
dana bila Bank merugi kecuali kerugian akibat except for losses due to the Bank’s
kelalaian atau wanprestasi. Di sisi lain, dana management negligence or default. On the
syirkah temporer tidak dapat digolongkan other hand, temporary syirkah fund cannot be
sebagai ekuitas karena mempunyai waktu classified as equity because of the maturity
jatuh tempo dan pemilik dana tidak period and the depositors do not have the
mempunyai hak kepemilikan yang sama same rights as the shareholders, such as
dengan pemegang saham seperti hak voting voting rights and the rights to the realised gain
dan hak atas realisasi keuntungan yang from current assets and other non-investment
berasal dari aset lancar dan aset non- accounts.
investasi.
Pemilik dana syirkah temporer mendapatkan The owner of temporary syirkah funds
imbalan bagi hasil sesuai dengan nisbah receives a return from the profit sharing based
yang ditetapkan. on a predetermined ratio.

29
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING

SIGNIFIKAN (lanjutan) POLICIES (continued)

o. Pendapatan pengelolaan dana oleh Bank o. Income from fund management by the
sebagai mudharib Bank as mudharib
Pendapatan pengelolaan dana oleh Bank Income from fund management by Bank as
sebagai mudharib terdiri atas pendapatan mudharib consists of income from sales and
dari jual beli-margin murabahah, pendapatan purchases-murabahah margin, income from
bagi hasil-pembiayaan musyarakah, dan profit sharing-musyarakah financing and
pendapatan usaha utama lainnya. other main operating income.

Pengakuan pendapatan atas piutang The revenue recognition of murabahah

murabahah yang tidak memiliki risiko yang receivables, which do not have significant risk
signifikan terkait dengan kepemilikan in relation with the ownership of inventory, are
persediaan diakui pada laba rugi dengan recognised in the profit or loss using the
menggunakan metode tingkat imbal hasil effective rate of return method.
efektif.
Tingkat imbal hasil efektif merupakan metode Effective rate of return is an allocation method
alokasi pengakuan pendapatan dan of revenue recognition and the rate which
merupakan tingkat imbal hasil yang secara exactly discounts the estimated future cash
tepat mendiskontokan estimasi penerimaan receipts through the expected life of the
kas di masa depan selama perkiraan umur murabahah receivable to obtain the carrying
dari piutang murabahah untuk memperoleh amount of murabahah receivables. When
nilai tercatat piutang murabahah. Pada saat calculating the effective rate of return, the
menghitung tingkat imbal hasil efektif, Bank Bank estimates future cash flows by
mengestimasi arus kas di masa datang considering all contractual terms of the
dengan mempertimbangkan seluruh murabahah receivables, but does not
persyaratan kontraktual dalam piutang consider the loss of receivables in the future.
murabahah tersebut, tetapi tidak This calculation includes all commissions,
mempertimbangkan kerugian piutang di provisions and other forms received by the 343
masa mendatang. Perhitungan ini mencakup parties in a contract which are an integral part
seluruh komisi, provisi dan bentuk lain yang of the effective rate of return, transaction costs
diterima oleh para pihak dalam akad yang and all other premiums or discounts.
merupakan bagian tidak terpisahkan dari
tingkat imbal hasil efektif, biaya transaksi, dan
seluruh premi atau diskon lainnya.
Pendapatan bagi hasil - pembiayaan Income from profit sharing - musyarakah
musyarakah diakui dalam periode terjadinya financing is recognised during the period of
hak bagi hasil sesuai nisbah yang disepakati. profit sharing in accordance with the pre-
determined ratio.

p. Hak pihak ketiga atas bagi hasil dana p. Third parties' shares on return of
syirkah temporer temporary syirkah funds

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Hak pihak ketiga atas bagi hasil dana syirkah Third parties’ share on returns of temporary
temporer merupakan bagian bagi hasil milik syirkah funds represent customer’s share on
nasabah yang didasarkan pada prinsip the Bank’s income derived from the
mudharabah atas hasil pengelolaan dana management of their funds by the Bank under
mereka oleh Bank. Pendapatan yang mudharabah principles. Income which will be
dibagikan adalah yang telah diterima (cash distributed is the cash received (cash basis).
basis).
Pendapatan marjin atas pembiayaan yang Margin income on financing facilities and
diberikan dan atas aset produktif lainnya other earning assets (placements with Bank
(penempatan pada Bank Indonesia, Indonesia, placements with other banks and
penempatan pada bank lain dan investasi investments in marketable securities) are
pada surat berharga) akan dibagikan kepada distributed to funds owners and the Bank
nasabah pemilik dana dan Bank sesuai based on proportion of funds used in the
dengan proporsi dana yang dipakai dalam financing and other earning assets. Likewise,
pembiayaan yang diberikan dan aset the available margin income then distributed
produktif lainnya. Selanjutnya, pendapatan to fund owners as shahibul maal and the Bank
marjin yang tersedia tersebut kemudian as mudharib based on a pre-determined ratio
didistribusikan ke nasabah pemilik dana (nisbah).
sebagai shahibul maal dan Bank sebagai
mudharib sesuai porsi nisbah bagi hasil yang
telah disepakati bersama sebelumnya.

30
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING

SIGNIFIKAN (lanjutan) POLICIES (continued)
p. Hak pihak ketiga atas bagi hasil dana p. Third parties' shares on return of
syirkah temporer (lanjutan) temporary syirkah funds (continued)
Pendapatan marjin dari pembiayaan dan aset Margin income from financing facilities and
produktif lainnya yang memakai dana Bank, other earning assets using the Bank's funds,
seluruhnya menjadi milik Bank, termasuk are entirely shared for the Bank, including
pendapatan dari transaksi bank berbasis income from the Bank's fee-based
imbalan. transactions.

q. Pendapatan dan beban operasional q. Other operating income and expenses

lainnya
Beban operasional lainnya terutama beban Other operating expenses mostly consist of
umum dan administrasi serta beban tenaga general and administrative expenses and
kerja karyawan merupakan beban yang personnel expenses which represent
timbul sehubungan dengan aktivitas kantor expenses related to the Bank’s office and
dan operasional Bank, serta beban yang operational activities, including salaries and
berupa gaji karyawan, bonus, lembur, wages, bonuses, overtime, allowances and
tunjangan dan pelatihan. training.
Seluruh pendapatan dan beban yang terjadi All of these income and expenses are
dibebankan pada laba rugi pada saat recorded in profit or loss when incurred.
terjadinya.
r. Imbalan kerja r. Employee benefits
Imbalan kerja jangka pendek Short-term employee benefits
344 Imbalan kerja jangka pendek diakui pada saat Short-term employee benefits are recognised
terutang kepada karyawan. when they are payable to the employees.
Imbalan pascakerja Post-employment benefits
Liabilitas imbalan pascakerja dihitung The post-employment benefits liabilities are
sebesar nilai kini dari taksiran jumlah imbalan calculated at present value of estimated
pascakerja di masa depan yang timbul dari future benefits that the employees have
jasa yang telah diberikan oleh karyawan earned in return for their services in the
tersebut pada masa kini dan masa lalu. current and prior periods. The calculation is
Perhitungan dilakukan oleh aktuaris performed by an independent actuary using
independen dengan metode projected-unit- the projected-unit-credit method.
credit.
Ketika imbalan pascakerja berubah, porsi When the benefits of a plan are changed, the
imbalan sehubungan dengan jasa yang telah portion of the benefits that relate to the
diberikan oleh karyawan pada masa lalu, services by employees is recognised
diakui segera dalam laba rugi. Pengukuran immediately in profit or loss.
kembali liabilitas imbalan pascakerja Remeasurements of the post-empoyment
(contohnya keuntungan/ kerugian aktuarial) benefits liabilities (for example actuarial
diakui segera sebagai penghasilan gain/loss) are recognised immediately as
komprehensif lain. other comprehensive income.
Imbalan jangka panjang lainnya Other long-term benefits
Imbalan jangka panjang lainnya berupa cuti Other long-term benefits such as long service
berimbalan jangka panjang dihitung dengan leave are calculated using the projected unit
menggunakan metode projected unit credit credit method and discounted to present
dan didiskontokan ke nilai kini. Keuntungan value. Actuarial gains and losses arising from
dan kerugian aktuarial yang timbul dari experience adjustments and changes in
penyesuaian dan perubahan dalam asumsi- actuarial assumption are recognised in the
asumsi aktuarial diakui dalam laba rugi tahun current year profit or loss.
berjalan.

31
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING

SIGNIFIKAN (lanjutan) POLICIES (continued)
s. Pajak penghasilan s. Income tax
Beban pajak penghasilan terdiri dari pajak kini Income tax expense comprises current and
dan pajak tangguhan. Beban pajak penghasilan deferred taxes. Income tax expense is
diakui pada laba rugi kecuali untuk komponen recognised in profit or loss except to the
yang diakui secara langsung di penghasilan extent that it relates to items recognised
komprehensif lain. directly in other comprehensive income.
Pajak kini merupakan utang pajak atau Current tax is the expected tax payable or
pengembalian pajak yang diharapkan atas laba refundable on the taxable income or loss for
atau rugi kena pajak untuk tahun yang the year, using tax rates substantively
bersangkutan dengan menggunakan tarif pajak enacted at the reporting date, and includes
yang secara substansial telah berlaku pada true-up adjustments made to the previous
tanggal pelaporan, dan termasuk penyesuaian years' tax provision either to reconcile them
yang dibuat untuk penyisihan pajak tahun with the income tax reported in annual tax
sebelumnya, baik untuk merekonsiliasi pajak returns, or to account for differences arising
penghasilan dengan pajak yang dilaporkan di from tax assessments.
surat pemberitahuan tahunan, atau untuk
memperhitungkan perbedaan yang timbul dari
pemeriksaan pajak.

Pajak tangguhan diakui atas perbedaan Deferred tax is recognised in respect of

temporer antara nilai tercatat aset dan liabilitas temporary differences between the carrying
untuk tujuan pelaporan keuangan, dan nilai amounts of assets and liabilities for financial
yang digunakan untuk tujuan perpajakan. Pajak reporting purposes, and the amounts used
tangguhan diukur dengan menggunakan tarif for taxation purposes. Deferred tax is
pajak yang diharapkan untuk diterapkan atas measured at the tax rates that are expected
perbedaan temporer pada saat pembalikan, to be applied to temporary differences when
berdasarkan peraturan yang telah berlaku atau they reverse based on the laws that have 345
secara substansial telah berlaku pada tanggal been enacted or substantively enacted at
pelaporan. Metode ini juga mengharuskan the reporting date. This method also
pengakuan manfaat pajak masa depan, seperti requires the recognition of future tax
kompensasi rugi fiskal, apabila besar benefits, such as tax loss carryforwards, to
kemungkinan manfaat pajak tersebut dapat the extent that realization of such benefits is
direalisasi. probable.
Aset pajak tangguhan ditelaah ulang pada Deferred tax assets are reviewed at each
setiap tanggal pelaporan dan dikurangkan reporting date and are reduced to the extent
dengan manfaat pajak sejumlah nilai yang that it is no longer probable that the related
besar kemungkinan tidak dapat terealisasi; tax benefit will be realized; such reductions
pengurangan tersebut akan dibalik ketika are reversed when the probability of future
kemungkinan atas laba kena pajak di masa taxable profits improves.
depan meningkat.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Koreksi atas liabilitas pajak diakui pada saat Amendments to tax obligations are
surat ketetapan pajak diterima, atau apabila recorded when an assessment is received,
diajukan keberatan dan atau banding, maka or if objection and or appeal is filed, when
koreksi diakui pada saat keputusan atas the results of the objection or the appeal has
keberatan atau banding tersebut diterima. been received.
t. Pembayaran berbasis saham t. Share-based payments
Bank menyediakan program imbalan berbasis The Bank provides equity-settled share-
saham yang diselesaikan dengan ekuitas, based compensation plans, under which the
dimana Bank memberikan opsi saham induk Bank gives share option of the parent
perusahaan (BTPN) kepada karyawan sebagai Company (BTPN)’s shares to employees in
imbalan atas jasa mereka. Nilai wajar opsi yang return for their services. The fair value of the
diberikan diakui sebagai beban dan dengan options is recognised as an expense with a
peningkatan pada ekuitas. Jumlah nilai yang corresponding increase in equity. The total
harus dibebankan ditentukan dengan mengacu amount to be expensed is determined by
kepada nilai wajar opsi pada tanggal diberikan: reference to the fair value of the options at
grant date:

32
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING

SIGNIFIKAN (lanjutan) POLICIES (continued)
t. Pembayaran berbasis saham (lanjutan) t. Share-based payments (continued)
 termasuk kinerja pasar (misalnya, harga  including any market performance
saham entitas); conditions (for example, an entity’s
share price);
 tidak termasuk dampak dari jasa dan  excluding the impact of any service
kondisi vesting yang tidak dipengaruhi and non-market performance vesting
kinerja pasar (misalnya, profitabilitas, conditions (for example, profitability,
target pertumbuhan penjualan dan tetap sale growth targets and remaining an
menjadi karyawan Bank selama periode employee of the Bank over a specified
waktu tertentu); dan time period); and
 termasuk dampak dari kondisi non-  including the impact of any non-
vesting. vesting conditions.

Syarat jasa dan syarat yang tidak dipengaruhi Service conditions and non-market
kinerja pasar dimasukkan di dalam asumsi performance are included in assumptions
mengenai jumlah opsi yang diharapkan akan about the number of options which are
menjadi hak (vest). Jumlah beban diakui expected to vest. Total expenses are
selama periode vesting, yaitu periode dimana recognised over the period, which is the
seluruh kondisi vesting tertentu telah terpenuhi. period over which all of the specified
vesting conditions have been satisfied.
Setiap akhir periode pelaporan, Bank merevisi At the end of each reporting period, the
estimasi jumlah opsi yang diharapkan vest Bank revises its estimates of the number
berdasarkan syarat jasa. Selisih antara of options which are expected to vest
estimasi yang direvisi dengan jumlah estimasi based on the service conditions. The
346 sebelumnya, jika ada, diakui dalam laba rugi, difference between the revised estimates
dengan penyesuaian pada ekuitas. and original estimates, if any, is
recognized in the profit or loss, with a
corresponding adjustment to equity.
Ketika opsi dieksekusi, induk perusahaan Bank When the options are exercised, the
(BTPN) akan menerbitkan sejumlah saham Bank’s parent entity (BTPN) will issue
baru atau menerbitkan kembali saham new shares or reissue its treasury shares
treasurinya (jika ada). Opsi yang dieksekusi (if any). Options exercised will not effect
tidak akan mempengaruhi modal saham (nilai the Bank’s share capital (nominal value)
nominal) dan agio saham Bank. Entitas Induk and share premium. Parent entity does
tidak meminta penggantian atas saham yang not require cash reimbursement over
diterbitkan kepada karyawan Bank. shares issued to the Bank’s employees.
u. Transaksi sewa u. Lease transaction
Transaksi sewa yang dilakukan Bank The lease transaction entered into by the
diklasifikasikan sebagai sewa operasi jika tidak Bank was classified as an operating lease
terdapat pengalihan secara substansial if it does not transfer substantially all the
seluruh risiko dan manfaat yang terkait dengan risks and rewards incidental to ownership.
kepemilikan aset. Pembayaran sewa diakui Lease payment is recognised as an
sebagai beban dengan garis lurus selama expense on a straight-line basis over the
masa sewa. Seluruh insentif untuk perjanjian lease term. All incentives for the
sewa operasi baru atau yang diperbarui diakui agreement of a new or renewal operating
sebagai bagian tidak terpisahkan dari imbalan lease are recognised as an integral part of
neto yang disepakati untuk menggunakan aset the net consideration agreed for the use
sewaan, terlepas dari sifat atau bentuk insentif of the leased asset, irrespective of the
atau waktu pembayaran. Bank mengakui incentive's nature or form or the timing of
manfaat agregat dari insentif sebagai payments. Bank recognises the
pengurang beban rental selama masa sewa aggregate benefit of incentives as a
dengan dasar garis lurus. reduction of rental expense over the lease
term, on a straight-line basis.

v. Transaksi dengan pihak-pihak berelasi v. Transactions with related parties

Dalam laporan keuangan ini, istilah pihak- In these financial statements, the term
pihak berelasi digunakan sesuai dengan PSAK related parties are used as defined in the
No. 7 mengenai “Pengungkapan Pihak-Pihak PSAK No. 7 regarding “Related Party
Berelasi”. Disclosures”.

33
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING

SIGNIFIKAN (lanjutan) POLICIES (continued)

w. Laba per saham w. Earnings per share

Laba bersih per saham dasar dihitung dengan Basic earnings per share are computed by
membagi laba bersih tahun berjalan dengan dividing the current year net income with
jumlah rata-rata tertimbang saham biasa yang the weighted average number of ordinary
beredar pada tahun yang bersangkutan. shares outstanding during the year.
Laba per saham dilusian dihitung dengan Diluted earnings per share is calculated by
membagi laba bersih tahun berjalan dengan dividing the current year net income with
jumlah rata-rata tertimbang saham biasa yang the weighted average number of ordinary
beredar dengan dampak dari semua efek shares outstanding plus the assumed
berpotensi saham biasa yang dilutif yang conversion of all dilutive potential ordinary
dimiliki Bank. shares owned by the Bank.
x. Beban emisi saham x. Shares issuance cost
Beban emisi saham disajikan sebagai bagian Shares issuance costs are presented as
dari tambahan modal disetor dan tidak part of additional paid-in capital and are not
diamortisasi. amortized.
y. Segmen operasi y. Operating segments
Segmen operasi adalah komponen dari Bank An operating segment is a component of
yang terlibat dalam aktivitas bisnis yang Bank that engages in business activities
menghasilkan pendapatan dan menimbulkan from which it may earn revenues and incur
beban, termasuk pendapatan dan beban yang expenses, including revenues and
terkait dengan transaksi dengan komponen lain expenses that relate to transactions with
Bank, dimana hasil operasinya dikaji ulang any of Bank’s other components, whose
secara berkala oleh pengambil keputusan operating results are reviewed regularly by
operasional untuk membuat keputusan the operating decision makers to make
mengenai sumber daya yang akan dialokasikan decisions about resources allocated to the 347
pada segmen tersebut dan menilai kinerjanya, segment and assess its performance, and
serta tersedia informasi keuangan yang dapat for which discrete financial information is
dipisahkan. Hasil segmen yang dilaporkan available. Segment results that are
kepada Direksi Bank meliputi komponen- reported to the Bank’s Board of Directors
komponen yang dapat diatribusikan secara include items directly attributable to a
langsung kepada suatu segmen, dan segment, as well as those that can be
komponen-komponen yang dapat dialokasikan allocated on a reasonable basis.
dengan dasar yang wajar.
z. Pengukuran nilai wajar z. Fair value measurement
Nilai wajar adalah harga yang akan diterima Fair value is the price that would be
untuk menjual suatu aset atau harga yang akan received to sell an asset or paid to transfer
dibayar untuk mengalihkan suatu liabilitas a liability in an orderly transaction between
dalam transaksi teratur (orderly transaction) market participants at the measurement
antara pelaku pasar (market participants) pada date in the principal market or, in its

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

tanggal pengukuran di pasar utama atau, jika absence, the most advantageous market
tidak terdapat pasar utama, di pasar yang to which the Bank has access at that date.
paling menguntungkan dimana Bank memiliki The fair value of a liability reflects its non-
akses pada tanggal tersebut. Nilai wajar performance risk.
liabilitas mencerminkan risiko wanprestasinya.
Jika tersedia, Bank mengukur nilai wajar When available, the Bank measures the
dengan menggunakan harga kustodian di fair value using the quoted price in an
pasar aktif untuk instrumen tersebut. Suatu active market for that instrument. A market
pasar dianggap aktif jika transaksi atas aset is regarded as active if transactions for the
atau liabilitas terjadi dengan frekuensi dan asset or liability take place with sufficient
volume yang memadai untuk menyediakan frequency and volume to provide pricing
informasi penentuan harga secara information on an ongoing basis.
berkelanjutan.

Jika harga kuotasian tidak tersedia di pasar If there is no quoted price in an active
aktif, Bank menggunakan teknik penilaian market, then the Bank uses valuation
dengan memaksimalkan penggunaan input techniques that maximise the use of
yang dapat diobservasi dan relevan dan relevant observable inputs and minimise
meminimalkan penggunaan input yang tidak the use of unobservable inputs. The
dapat diobservasi. Teknik penilaian yang dipilih chosen valuation technique incorporates
menggabungkan semua faktor yang all of the factors that market participants
diperhitungkan oleh pelaku pasar dalam would take into account in pricing a
penentuan harga transaksi. transaction.
34
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

3. IKHTISAR KEBIJAKAN AKUNTANSI YANG 3. SUMMARY OF SIGNIFICANT ACCOUNTING

SIGNIFIKAN (lanjutan) POLICIES (continued)

z. Pengukuran nilai wajar (lanjutan) z. Fair value measurement (continued)

Bukti terbaik atas nilai wajar pada saat The best evidence of the fair value at initial
pengakuan awal adalah harga transaksi, yaitu recognition is normally the transaction
nilai wajar dari pembayaran yang diberikan price, i.e., the fair value of the
atau diterima. Jika Bank menetapkan bahwa consideration given or received. If the
nilai wajar pada pengakuan awal berbeda Bank determines that the fair value at initial
dengan harga transaksi dan nilai wajar tidak recognition differs from the transaction
dapat dibuktikan dengan harga kuotasian di price and the fair value is evidenced
pasar aktif untuk aset atau liabilitas yang identik neither by a quoted price in an active
atau berdasarkan teknik penilaian yang hanya market for an identical asset or liability nor
menggunakan data dari pasar yang dapat based on a valuation technique that uses
diobservasi, maka nilai wajar instrumen only data from observable markets, then
keuangan pada saat pengakuan awal the financial instrument is initially
disesuaikan untuk menangguhkan perbedaan measured at fair value, adjusted to defer
antara nilai wajar pada saat pengakuan awal the difference between the fair value at
dan harga transaksi. Setelah pengakuan awal, initial recognition and the transaction price.
perbedaan tersebut diakui dalam laba rugi Subsequently, that difference is
berdasarkan umur dari instrumen tersebut recognised in profit or loss on an
namun tidak lebih lambat dari saat penilaian appropriate basis over the life of the
tersebut didukung sepenuhnya oleh data pasar instrument but no later than when the
yang dapat diobservasi atau saat transaksi valuation is wholly supported by
ditutup. observable market data or the transaction
is closed out.
aa. Saham treasuri aa. Treasury shares
Bank menetapkan metode biaya (cost method) The Bank uses cost method in recording
dalam mencatat saham treasuri. Saham the treasury shares. Treasury shares are
treasuri dicatat sebesar harga perolehan recorded at reacquisition cost and
kembali saham dan disajikan sebagai presented as a deduction of equity in the
pengurang ekuitas pada laporan posisi statement of financial position.
348 keuangan.
Pada saat saham treasuri terjual, Bank When treasury shares are sold, the Bank
mencatat selisih antara harga perolehan recorded the difference between
kembali dan harga jual kembali saham treasuri reacquisition price and selling price of
sebagai selisih modal dari transaksi saham treasury shares as additional paid-in capital
treasuri yang merupakan bagian dari from treasury shares transaction which is
tambahan modal disetor. part of additional paid-in capital.

4. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 4. USE OF ESTIMATES AND JUDGEMENTS

Sumber utama ketidakpastian estimasi Key sources of estimation uncertainty
Informasi mengenai asumsi dan ketidakpastian Information about the assumptions and
estimasi dijelaskan di bawah ini dan pada catatan- estimation uncertainties is set out below and in
catatan di bawah ini: the following notes:
 Catatan 37 – pengukuran liabilitas imbalan  Note 37 – measurement of post-
pascakerja dan imbalan jangka panjang employment benefits liabilities and other
lainnya: asumsi-asumsi aktuarial. long-term benefits: actuarial assumptions
 Cadangan kerugian penurunan nilai piutang  Allowance for impairment losses of
murabahah murabahah receivables
Piutang murabahah dievaluasi untuk Murabahah receivables are evaluated for
penurunan nilai berdasarkan basis seperti impairment on the basis described in
yang dijelaskan di Catatan 3f. Note 3f.
Bank melakukan review atas aset keuangan The Bank reviews its financial assets at
pada setiap tanggal laporan untuk melakukan each reporting date to evaluate the
penilaian atas cadangan kerugian penurunan allowance for impairment losses.
nilai yang telah dicatat.

Perhitungan cadangan penurunan nilai kolektif Collectively assessed impairment

meliputi kerugian kredit yang melekat dalam allowances cover credit losses inherent in
portofolio piutang murabahah Bank. Dalam portfolios of the Bank’s murabahah
menilai kebutuhan untuk cadangan penurunan receivables. In assessing the need for
nilai kolektif, manajemen mempertimbangkan collective impairment allowances,
faktor-faktor seperti kualitas pembiayaan dan management considers factors such as
karakteristik produk. financing quality and characteristic of
products.

35
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

4. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 4. USE OF ESTIMATES AND JUDGEMENTS

(Lanjutan) (Continued)
Sumber utama ketidakpastian estimasi Key sources of estimation uncertainty
(Lanjutan) (Continued)
Dalam mengestimasi cadangan yang In order to estimate the required
diperlukan, asumsi-asumsi dibuat untuk allowance, assumptions are made to
menentukan model kerugian bawaan dan define the way inherent losses are
untuk menentukan parameter input yang modeled and to determine the required
diperlukan, berdasarkan pengalaman historis input parameters, based on historical
dan kondisi ekonomi saat ini. Ketepatan dari experience and current economic
cadangan yang dihitung ini tergantung pada conditions. The accuracy of the
seberapa tepat estimasi dan asumsi pada allowances calculated depends on how
model dan parameter yang digunakan dalam well the estimates and assumptions on the
menentukan cadangan kolektif. model and parameters used in
determining collective allowances.
Pertimbangan akuntansi yang penting dalam Critical accounting judgments in applying
menerapkan kebijakan akuntansi Bank the Bank’s accounting policies
Dalam mengklasifikasikan investasi pada surat In classifying investment in marketable
berharga sebagai ”diukur pada biaya perolehan” securities as “measured at acquisition cost”
dan ”diukur pada nilai wajar melalui penghasilan and “measured at fair value through other
komprehensif lain”, Bank telah menetapkan bahwa comprehensive income”, the Bank has
investasi tersebut telah memenuhi persyaratan determined that they meet the requirements of
klasifikasi sebagaimana dijabarkan dalam such classification as set out in Note 3d.
Catatan 3d.

5. KAS 5. CASH

Kas yang dimiliki seluruhnya dalam mata uang Cash was all denominated in Rupiah. As of 349
Rupiah. Pada tanggal 31 Desember 2019 dan 31 December 2019 and 2018, the Bank had
2018, Bank memiliki kas dan kas pada vendor cash on hand and cash in vendors amounting
masing-masing sebesar Rp 162.666 (2018: to Rp 162,666 (2018: Rp 264,465) and
Rp 264.465) dan Rp 548.667 (2018: Rp 151.118). Rp 548,667 (2018: Rp 151,118), respectively.

6. GIRO DAN PENEMPATAN PADA BANK 6. CURRENT ACCOUNTS AND PLACEMENTS

INDONESIA WITH BANK INDONESIA
a. Berdasarkan jenis a. By type

2019 2018
Rupiah Rupiah
Fasilitas Simpanan Bank Indonesia Bank Indonesia Sharia Deposit
Syariah (FASBIS) 370,000 1,132,000 Facilities (FASBIS)

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Sertifikat Bank Indonesia Certificate of Bank Indonesia
Syariah (SBIS) 2,280,000 1,110,000 Sharia (SBIS)
Wadiah current accounts with Bank
Giro wadiah pada Bank Indonesia 458,402 398,552 Indonesia
3,108,402 2,640,552

Pendapatan yang akan diterima dari Accrued income from placements with
penempatan pada Bank Indonesia 74,010 28,437 Bank Indonesia
3,182,412 2,668,989

b. Berdasarkan jangka waktu b. By time period

Penempatan pada Bank Indonesia berdasarkan Placements with Bank Indonesia based on
jangka waktu adalah sebagai berikut: time period are as follows:
2019 2018

Hingga 1 bulan 370,000 1,132,000 Up to 1 month

> 3 - 12 bulan 2,280,000 1,110,000 > 3 - 12 months
2,650,000 2,242,000
Pendapatan yang akan diterima dari Accrued income from placements with
penempatan pada Bank Indonesia 74,010 28,437 Bank Indonesia
2,724,010 2,270,437

36
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

6. GIRO DAN PENEMPATAN PADA BANK 6. CURRENT ACCOUNTS AND PLACEMENTS

INDONESIA WITH BANK INDONESIA

c. Berdasarkan sisa umur sampai dengan c. By remaining period to maturity date

tanggal jatuh tempo
Penempatan pada Bank Indonesia berdasarkan Placements with Bank Indonesia based on
sisa umur sampai dengan tanggal jatuh tempo remaining period to maturity date are as
adalah sebagai berikut: follows:
2019 2018
Hingga 1 bulan 990,000 1,132,000 Up to 1 month
> 1 - 3 bulan 485,000 - > 1 - 3 months
> 3 - 12 bulan 1,175,000 1,110,000 > 3 - 12 months
2,650,000 2,242,000
Pendapatan yang akan diterima dari Accrued income from placements with
penempatan pada Bank Indonesia 74,010 28,437 Bank Indonesia
2,724,010 2,270,437

d. Informasi lainnya d. Other information

Sesuai dengan peraturan Bank Indonesia In accordance with the prevailing Bank
mengenai giro wajib minimum (“GWM”) bagi Indonesia regulations regarding minimum
bank umum syariah yang berlaku, setiap bank reserve requirements (”GWM”) for sharia
diwajibkan memelihara GWM dalam Rupiah commerical banks, each bank is required to
secara harian sebesar 1,5%, secara rata-rata maintanin GWM in Rupiah on daily basis of
sebesar 3% dan total kewajiban pemenuhan 1.5%, with an average of 3% and total
GWM dalam Rupiah sebesar 4,5% dari dana obligation of GWM Rupiah of 4.5% from third
pihak ketiga dalam Rupiah. party funds.
Pada tanggal 31 Desember 2019 dan 2018, As of 31 December 2019 and 2018, the
rasio GWM Bank adalah masing-masing Bank’s GWM ratio was 4.9% and 5.4% for
sebesar 4,9% dan 5,4% untuk Rupiah. Bank Rupiah, respectively. The Bank has fulfilled
350 telah memenuhi peraturan Bank Indonesia yang the prevailing Bank Indonesia regulation
berlaku mengenai GWM. regarding GWM.
Bank menempatkan dana pada Sertifikat Bank The Bank placed its fund in Certificate of
Indonesia Syariah (“SBIS”) dan Fasilitas Bank Bank Indonesia Sharia (SBIS) and Bank
Indonesia Syariah (“FASBIS”) dengan rata-rata Indonesia Sharia’s Deposit Facility (FASBIS)
tingkat imbalan dan bonus tahunan sebagai with average annual return and bonus rate
berikut: as follows:
2019 2018
SBIS 5.99% 5.84% SBIS
FASBIS 4.84% 4.25% FASBIS

7. GIRO PADA BANK LAIN 7. CURRENT ACCOUNTS WITH OTHER

BANKS
Seluruh giro pada bank lain adalah dalam mata All current accounts with other banks were in
uang Rupiah dan ditempatkan pada pihak ketiga Rupiah and were placed with third parties and
dan pihak berelasi, yang terdiri atas: related party, which consist of:

2019 2018
Pihak ketiga Third parties
PT Bank Central Asia Tbk 13,117 14,220 PT Bank Central Asia Tbk
PT Bank Mandiri (Persero) Tbk 250 250 PT Bank Mandiri (Persero) Tbk
PT Bank Mandiri Syariah 100 - PT Bank Mandiri Syariah
PT Bank BNI Syariah 5 5 PT Bank BNI Syariah
PT Bank CIMB Niaga Tbk - 500 PT Bank CIMB Niaga Tbk
13,472 14,975
Pihak berelasi Related party
PT Bank Tabungan Pensiunan PT Bank Tabungan Pensiunan
Nasional Tbk (Catatan 38) 24,395 27,490 Nasional Tbk (Note 38)
37,867 42,465

Pada tanggal 31 Desember 2019 dan 2018, seluruh As of 31 December 2019 and 2018, all current
giro pada bank lain diklasifikasikan lancar accounts with other banks were classified as
berdasarkan kolektibilitas OJK. Tidak terdapat giro current based on OJK grading. There was no
pada bank lain yang mengalami penurunan nilai. impaired current accounts with other banks.

Manajemen berpendapat bahwa tidak diperlukan Management believes that no allowance for
adanya cadangan kerugian penurunan nilai. impairment losses is necessary.

37
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

8. PENEMPATAN PADA BANK LAIN 8. PLACEMENTS WITH OTHER BANKS

Seluruh penempatan pada bank lain adalah dalam All placements with other banks were
mata uang Rupiah dan ditempatkan pada pihak dominated in Rupiah and were placed with third
ketiga, yang terdiri atas: parties, which consist of:
a. Berdasarkan jenis a. By type

Penempatan pada bank lain (syariah) Placements with other banks (sharia)

2019 2018

Pihak ketiga Third parties

Deposito mudharabah Mudharabah time deposits
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jateng - Unit Usaha Syariah - 100,000 Jateng -Sharia Business Unit
PT Bank OCBC NISP Tbk - Unit PT Bank OCBC NISP Tbk - Sharia
Usaha Syariah - 90,000 Business Unit
PT Bank NTB Syariah - 85,000 PT Bank NTB Syariah
- 275,000

b. Berdasarkan sisa umur sampai dengan b. By remaining period to maturity date

tanggal jatuh tempo

2019 2018

Hingga 1 bulan - 275,000 Up to 1 month

- 275,000

Pada tanggal 31 Desember 2018, seluruh As of 31 December 2018, all placements

penempatan pada bank lain diklasifikasikan with other banks were classified as current 351
lancar berdasarkan kolektibilitas OJK. Tidak based on OJK grading. There was no
terdapat penempatan pada bank lain yang impaired placements with other banks.
mengalami penurunan nilai.
Manajemen berpendapat bahwa tidak Management believes that no allowance for
diperlukan adanya cadangan kerugian impairment losses is necessary.
penurunan nilai.
c. Tingkat imbal hasil c. Rate of returns
Rata-rata tingkat imbal hasil setahun untuk The average rate of return per annum for
deposito mudharabah yang diterima Bank mudharabah time deposits during 2018 was
selama tahun 2018 sebesar 7,37%. 7.37%.

9. INVESTASI PADA SURAT BERHARGA 9. INVESTMENTS IN MARKETABLE SECURITIES

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

a. Berdasarkan kategori dan penerbit a. By category and issuer
Seluruh surat berharga adalah dalam mata uang All marketable securities were denominated
Rupiah dan ditempatkan pada Bank Indonesia in Rupiah and were placed with Bank
dan pihak ketiga yang terdiri dari: Indonesia and third parties, which consist of:
2019
Keuntungan Diskonto yang
Nilai yang belum belum Nilai
nominal/ direalisasi/ diamortisasi/ tercatat/
Nominal Unrealised Unamortised Carrying
value gain discount amount
Diukur pada nilai Measured at fair value through
wajar melalui other comprehensive
penghasilan income:
komprehensif lain:

Reksa dana Syariah 80,000 185 -) 80,185 Sharia Mutual Funds

38
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

9. INVESTASI PADA SURAT BERHARGA (lanjutan) 9. INVESTMENTS IN MARKETABLE SECURITIES

(continued)

a. Berdasarkan kategori dan penerbit (lanjutan) a. By category and issuer (continued)

2019
Keuntungan Diskonto yang
Nilai yang belum belum Nilai
nominal/ direalisasi/ diamortisasi/ tercatat/
Nominal Unrealised Unamortised Carrying
value gain discount amount
Biaya perolehan: At acquisition cost:
Sertifikat Certificate of Interbank
Mudharabah Antar Mudharabah Investment
Bank (SIMA) 79,000 - -) 79,000 (SIMA)
Sukuk Bank
Indonesia 1,005,926 - -) 1,005,926 Bank Indonesia Sukuk
Sukuk Korporasi 50,000 - -) 50,000 Corporate Sukuk
Surat Berharga
Syariah Negara 816,481 - (2,439) 814,042 Sovereign Sharia Securities
Reksa dana Syariah 42,600 - -) 42,600 Sharia Mutual Funds
1,994,007 185 (2,439) 1,991,568
Jumlah investasi
pada surat Total investments in
berharga 2,074,007 185 (2,439) 2,071,753 marketable securities

Pendapatan yang
akan diterima dari Accrued income from
investasi pada investments in
surat berharga 14,836 marketable securities
2,086,589

2018
352 Keuntungan Diskonto yang
Nilai yang belum belum Nilai
nominal/ direalisasi/ diamortisasi/ tercatat/
Nominal Unrealised Unamortised Carrying
value gain discount amount

Diukur pada nilai wajar Measured at fair value through

melalui penghasilan other comprehensive
komprehensif lain: income:

Surat Perbendaharaan Government Sharia Treasury

Negara Syariah 260,163 941 (456) 260,648 Bills

Reksa dana Syariah 50,000 - - 50,000 Sharia Mutual Funds

310,163 941 (456) 310,648
Biaya perolehan: At acquisition cost:
Certificate of Interbank
Sertifikat Mudharabah Mudharabah Investment
Antar Bank (SIMA) 380,000 - - 380,000 (SIMA)
Sukuk Korporasi 26,000 - - 26,000 Corporation Sukuk
Surat Berharga Syariah
Negara 319,955 - (5,914) 314,041 Sovereign Sharia Securities
725,955 - (5,914) 720,041
Jumlah investasi pada Total investments in
surat berharga 1,036,118 941 (6,370) 1,030,689 marketable securities

Pendapatan yang akan

diterima dari Accrued income from
investasi pada surat investments in marketable
berharga 7,361 securities
1,038,050

39
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

9. INVESTASI PADA SURAT BERHARGA (lanjutan) 9. INVESTMENTS IN MARKETABLE SECURITIES

(continued)

a. Berdasarkan kategori dan penerbit (lanjutan) a. By category and issuer (continued)

Perubahan keuntungan (kerugian) yang belum The movement of unrealized gain (loss) on
direalisasi atas investasi pada surat berharga investments in marketable securities
yang diklasifikasikan sebagai diukur pada nilai classified as measured at fair value through
wajar melalui pendapatan komprehensif lain other comprehensive income as follows:
sebagai berikut:

2019 2018

Saldo, awal tahun 941) -) Balance, beginning of year

Penambahan keuntungan yang belum Addition of unrealized gain during
direalisasi selama tahun berjalan -) 941) the year - net
Keuntungan yang direalisasi atas
penjualan selama tahun berjalan - Realized gain from sale during
bersih (756) -) the year - net
Jumlah sebelum pajak penghasilan
terkait 185) 941) Total before related income tax

Pajak penghasilan terkait (Catatan 19f) (46) (235) Related income (Note 19f)

Saldo, akhir tahun - bersih 139) 706) Balance, end of year - net

Atas Surat Perbendaharaan Negara Syariah For Government Sharia Treasury Bills
sebesar Rp 260.648 pada tanggal 31 Desember amounted to Rp 260,648 as of
2018, Bank mempunyai wa’d/janji untuk menjual 31 December 2018, the Bank had
kembali kepada Bank Indonesia dengan rincian wa’d/promise to resell to Bank Indonesia as
353
sebagai berikut: detailed below:

Jenis surat Harga

berharga/ Tanggal beli dan penjualan Nilai
Type of janji/ Tanggal jual Harga Beli/ kembali/ tercatat/
marketable Purchase and kembali/ Purchase Reselling Carrying
securities promise date Resell date price price amount

12 Desember/ 9 Januari/
SPNS 08022019 December 2018 January 2019 148,234 148,972 149,250
5 Desember/ 2 Januari/
SPNS 01052019 December 2018 January 2019 20,018 20,117 20,224
9 Desember/ 16 Januari/
SPNS 03042019 December 2018 January 2019 90,623 91,074 91,174
258,875 260,163 260,648

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

b. Berdasarkan jangka waktu b. By time period

2019 2018

Hingga 1 bulan 311,776 440,648 Up to 1 month

> 1 - 3 bulan 90,223 250,000 > 1 - 3 months
> 3 - 6 bulan 783,191 - > 3 - 6 months
> 6 - 9 bulan 10,006 - > 6 - 9 months
> 9 - 12 bulan - - > 9 - 12 months
Lebih dari 12 bulan 876,557 340,041 More than 12 months
2,071,753 1,030,689
Pendapatan yang akan diterima dari Accrued income from investments
investasi pada surat berharga 14,836 7,361 in marketable securities
2,086,589 1,038,050

40
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

9. INVESTASI PADA SURAT BERHARGA (lanjutan) 9. INVESTMENTS IN MARKETABLE SECURITIES

(continued)

c. Berdasarkan sisa umur sampai dengan c. By remaining period to maturity date

tanggal jatuh tempo
2019 2018

Hingga 1 bulan 791,961 690,648 Up to 1 month

> 1 - 3 bulan 481,150 - > 1 - 3 months
> 3 - 6 bulan - 58,699 > 3 - 6 months
> 6 - 9 bulan 60,132 - > 6 - 9 months
> 9 - 12 bulan - 26,000 > 9 - 12 months
Lebih dari 12 bulan 738,510 255,342 More than 12 months
2,071,753 1,030,689
Pendapatan yang akan diterima dari Accrued income from investments
investasi pada surat berharga 14,836 7,361 in marketable securities
2,086,589 1,038,050

d. Berdasarkan akad d. By contract

2019 2018

Mudharabah 129,000 406,000 Mudharabah

Ijarah 814,042 314,041 Ijarah
Wakalah 122,785 50,000 Wakalah
Wa’d - 260,648 Wa’d
Musyarakah muntahiyah bittamlik 1,005,926 - Musyarakah muntahiyah bittamlik
2,071,753 1,030,689
Pendapatan yang akan diterima dari Accrued income from investments
investasi pada surat berharga 14,836 7,361 in marketable securities
2,086,589 1,038,050

354 e. Tingkat imbal hasil rata-rata setahun e. Average rate of return per annum

2019 2018

Surat Berharga Syariah Negara 6.81% 6.41% Sovereign Sharia Securities

Surat Perbendaharaan Negara Syariah - 4.58% - 6.40% Government Sharia Treasury Bills
Sertifikat Mudharabah Antar Bank Certificate of Interbank Mudharabah
(SIMA) 5.12% 3.90% - 7.50% Investment (SIMA)
Reksa dana Syariah 7.79% 8.66% Sharia Mutual Funds
Sukuk Korporasi 7.00% 8.35% Corporate Sukuk
Sukuk Bank Indonesia 5.54% - Sukuk Bank Indonesia

f. Berdasarkan peringkat f. By rating

Sukuk korporasi berdasarkan peringkat adalah Corporate sukuk by rating was as follows:
sebagai berikut:
2019 2018

PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk

Unit Usaha Syariah Sharia Business Unit
Pemeringkat Pefindo Pefindo Agencies
Peringkat id AAA id AAA Rating

g. Cadangan kerugian penurunan nilai g. Allowance for impairment losses

Berdasarkan ketentuan OJK yang berlaku, Based on the prevailing OJK regulation, all
efek-efek pada tanggal 31 Desember 2019 dan securities as of 31 December 2019 and
2018 digolongkan sebagai lancar. 2018 were classified as current.
Manajemen berpendapat bahwa tidak Management believes that no allowance for
diperlukan adanya cadangan penurunan nilai impairment losses is necessary on
pada surat berharga. securities.
h. Pada tanggal 31 Desember 2019 dan 2018, h. As of 31 December 2019 and 2018, total
jumlah investasi pada surat berharga yang investments in marketable securities that
digolongkan sebagai setara kas adalah masing- were classified as cash equivalents
masing sebesar Rp 401.814 dan Rp 689.707. amounted to Rp 401,814 and Rp 689,707,
respectively.

41
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

10. PIUTANG MURABAHAH 10. MURABAHAH RECEIVABLES

Semua piutang murabahah yang diberikan oleh Bank All murabahah receivables were denominated in
adalah dalam mata uang Rupiah dengan rincian Rupiah, with details as follows:
sebagai berikut:

2019 2018

Piutang murabahah, setelah dikurangi Murabahah receivables, net deferred

pendapatan marjin yang ditangguhkan 8,969,565 7,277,011) margin income
Pendapatan yang akan diterima dari piutang Accrued income from murabahah
murabahah 89,601 82,139) receivables
Dikurangi: Cadangan kerugian penurunan Less: Allowance for impairment
nilai (291,820) (215,949) losses
8,767,346 7,143,201)

a. Berdasarkan sektor ekonomi dan a. By economic sector and grading based

kolektibilitas menurut peraturan OJK on OJK regulation

2019
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/
Current mention Substandard Doubtful Macet/Loss Jumlah/Total

Perdagangan, restoran dan Trading, restaurant and

hotel 6,838,445) 100,190) 59,139) 21,781) 22,189) 7,041,744) hotel
Pertanian dan perikanan 673,063) 5,649) 3,522) 952) 1,135) 684,321) Agriculture and fishery
Perindustrian 329,474) 5,868) 2,730) 867) 818) 339,757) Manufacturing
Sosial/masyarakat 835,031) 15,091) 5,766) 1,366) 1,796) 859,050) Social/public
Pengangkutan, Transportation,
pergudangan dan warehousing and
telekomunikasi 26,518) 324) 188) 84) 21) 27,135) telecommunication
355
Jasa usaha 6,124) 121) 38) 28) 30) 6,341) Business services
Pertambangan 4,113) 140) 16) 3) -) 4,272) Mining
Lainnya 6,492) 252) 105) 22) 74) 6,945) Others
8,719,260) 127,635) 71,504) 25,103) 26,063) 8,969,565)

Pendapatan yang akan Accrued income from

diterima dari piutang murabahah
murabahah 81,996) 7,605) -) -) -) 89,601) receivables
Dikurangi: Cadangan
kerugian penurunan Less: Allowance for
nilai (132,188) (60,176) (53,577) (20,127) (25,752) (291,820) impairment losses
8,669,068) 75,064) 17,927) 4,976) 311) 8,767,346)

2018
Dalam

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/
Current mention Substandard Doubtful Macet/Loss Jumlah/Total

Perdagangan, restoran dan Trading, restaurant and

hotel 6,019,607) 104,228) 49,784) 35,445) 5,226) 6,214,290) hotel
Pertanian 507,749) 3,803) 1,766) 1,017) 155) 514,490) Agriculture
Perindustrian 207,208) 2,688) 1,326) 1,092) 119) 212,433) Manufacturing
Sosial/masyarakat 299,589) 4,500) 2,591) 1,833) 255) 308,768) Social/public
Pengangkutan, Transportation,
pergudangan dan warehousing and
telekomunikasi 13,896) 203) 116) 40) 22) 14,277) telecommunication
Jasa usaha 4,394) 67) 44) 31) 2) 4,538) Business services
Pertambangan 3,102) 25) 10) 8) -) 3,145) Mining
Lainnya 4,924) 146) -) -) -) 5,070) Others
7,060,469) 115,660) 55,637) 39,466) 5,779) 7,277,011)

Pendapatan yang akan Accrued income from

diterima dari piutang murabahah
murabahah 76,829) 5,310) -) -) -) 82,139) receivables
Dikurangi: Cadangan
kerugian penurunan Less: Allowance for
nilai (60,583) (55,739) (54,418) (39,449) (5,760) (215,949) impairment losses
7,076,715) 65,231) 1,219) 17) 19) 7,143,201)

42
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

10. PIUTANG MURABAHAH (lanjutan) 10. MURABAHAH RECEIVABLES (continued)

b. Berdasarkan jangka waktu b. By time period

2019 2018

Hingga 1 tahun 4,314,161) 3,460,127) Up to 1 year

> 1 - 2 tahun 4,655,404) 3,816,884) > 1 - 2 years
8,969,565) 7,277,011)

Pendapatan yang akan diterima dari Accrued income from murabahah

piutang murabahah 89,601) 82,139) receivables
Dikurangi: Cadangan kerugian Less : Allowance for impairment
penurunan nilai (291,820) (215,949) losses
8,767,346) 7,143,201)

c. Berdasarkan sisa umur sampai dengan c. By remaining period to maturity date

tanggal jatuh tempo

2019 2018

Hingga 1 bulan 115,498) 106,541) Up to 1 month

> 1 - 3 bulan 447,702) 361,721) > 1 - 3 months
> 3 - 12 bulan 6,110,230) 4,855,171) > 3 - 12 months
> 1 - 2 tahun 2,296,135) 1,953,578) > 1 - 2 years
8,969,565) 7,277,011)
Pendapatan yang akan diterima dari Accrued income from murabahah
piutang murabahah 89,601) 82,139) receivables
Dikurangi: Cadangan kerugian Less : Allowance for impairment
penurunan nilai (291,820) (215,949) losses
356 8,767,346) 7,143,201)

d. Berdasarkan hubungan dengan debitur d. By relationship with debtors

Pada tanggal 31 Desember 2019 dan 2018, As of 31 December 2019 and 2018, all
seluruh piutang murabahah diberikan kepada murabahah receivables were extended to
pihak ketiga. third parties.

e. Tingkat margin rata-rata setahun e. Average margin rate per annum

2019 dan/and 2018

Tingkat margin rata-rata setahun 25% - 30% Average margin rate per annum

f. Pembiayaan yang direstrukturisasi f. Restructured financing

Pada tanggal 31 Desember 2019 dan 2018, As of 31 December 2019 and 2018, total
jumlah pembiayaan yang direstrukturisasi restructured financing based on grading was
berdasarkan kolektibilitas adalah: as follows:

2019 2018

Lancar 47,400) 127,841) Current

Dalam perhatian khusus 2,229) 3,386) Special mention
Kurang lancar 968) 2,059) Substandard
Diragukan 572) 618) Doubtful
Macet 384) 187) Loss
51,553) 134,091)
Cadangan kerugian penurunan nilai (4,862) (43,679) Allowance for impairment losses
46,691) 90,412)

43
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

10. PIUTANG MURABAHAH (lanjutan) 10. MURABAHAH RECEIVABLES (continued)

g. Informasi lainnya g. Other information

1) Perubahan cadangan kerugian penurunan 1) The movement of allowance for

nilai piutang murabahah sebagai berikut: impairment losses on murabahah
receivables was as follows:

2019 2018

Saldo, awal tahun 215,949) 157,657) Balance, beginning of year

Penyisihan selama tahun berjalan Provision made during the year
(Catatan 32) 309,103) 265,571) (Note 32)
Penghapusbukuan selama tahun berjalan (236,908) (213,472) Written-off during the year
Penerimaan kembali piutang yang telah Recovery of receivables
dihapusbuku 3,676) 6,193) written-off
Saldo, akhir tahun 291,820) 215,949) Balance, end of year

Manajemen Bank berkeyakinan bahwa The Bank’s management believes that

jumlah cadangan kerugian penurunan nilai the allowance for impairment losses
yang dibentuk cukup untuk menutupi provided was adequate to cover
kemungkinan penurunan nilai piutang possible impairment losses on
murabahah. murabahah receivables.

2) Rasio pemenuhan cadangan kerugian 2) The Bank’s ratio of allowance for

penurunan nilai piutang murabahah Bank impairment losses on murabahah
(persentase cadangan kerugian penurunan receivables (percentage of allowance
nilai piutang murabahah yang telah dibentuk for impairment losses on murabahah
terhadap jumlah minimum cadangan receivables recorded by the Bank to the
kerugian penurunan nilai piutang minimum allowance for impairment 357
murabahah sesuai ketentuan OJK) pada losses on murabahah receivables as
tanggal 31 Desember 2019 dan 2018 required by OJK ) as of 31 December
masing-masing adalah sebesar 204,19% 2019 and 2018 were 204.19% and
dan 195,88%. 195.88%, respectively.

3) Rasio Pembiayaan Bermasalah/Non- 3) The ratio of Non-Performing Financing

Performing Financing (NPF) piutang (NPF) of murabahah receivables as of
murabahah pada tanggal 31 Desember 31 December 2019 and 2018 was as
2019 dan 2018 adalah sebagai berikut: follows:

2019 2018

Persentase NPF - bruto 1.37% 1.39% NPF Percentage - gross

Persentase NPF - neto 0.26% 0.02% NPF Percentage - net

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

4) Pada tanggal 31 Desember 2019 dan 2018, 4) As of 31 December 2019 and 2018, the
Bank telah memenuhi ketentuan Batas Bank complied with Legal Lending Limit
Maksimum Pemberian Kredit, baik untuk requirements for both related parties
pihak berelasi maupun untuk pihak ketiga. and third parties.

44
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

11. PEMBIAYAAN MUSYARAKAH 11. MUSYARAKAH FINANCING

Semua pembiayaan musyarakah yang diberikan All musyarakah financing was denominated in
oleh Bank adalah dalam mata uang Rupiah Rupiah, with details as follows:
dengan rincian sebagai berikut:

2019

Pembiayaan musyarakah 29,129) Musyarakah financing

Dikurangi: Cadangan kerugian penurunan nilai (291) Less: Allowance for impairment losses
28,838)

a. Berdasarkan sektor ekonomi dan a. By economic sector and grading based on

kolektibilitas menurut peraturan OJK OJK regulations

Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Jumlah/
Current mention Substandard Doubtful Macet/Loss Total

Financial
Perantara keuangan 29,129) - - - - 29,129) intermediaries

Dikurangi: Cadangan Less: Allowance for

kerugian penurunan nilai (291) - - - - (291) impairment losses
28,838) - - - - 28,838)

b. Berdasarkan jangka waktu b. By time period

358 2019

< 1 tahun 24,129) < 1 year

> 1 - 2 tahun 5,000) > 1 - 2 years
29,129)

Less: Allowance for impairment

Dikurangi: Cadangan kerugian penurunan nilai (291) losses
28,838)

c. Berdasarkan sisa umur sampai dengan c. By remaining period to maturity date

tanggal jatuh tempo

2019

> 3 - 12 bulan 24,129) > 3 - 12 months

> 1 - 2 tahun 5,000) > 1 - 2 years
29,129)

Less: Allowance for impairment

Dikurangi: Cadangan kerugian penurunan nilai (291) losses
28,838)

d. Berdasarkan hubungan dengan debitur d. By relationship with debtors

Pada tanggal 31 Desember 2019, seluruh As of 31 December 2019, all musyarakah

pembiayaan musyarakah diberikan kepada financing were extended to third parties.
pihak ketiga.

45
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

11. PEMBIAYAAN MUSYARAKAH (lanjutan) 11. MUSYARAKAH FINANCING (continued)

e. Tingkat imbal hasil setahun e. Rate of return per annum

Tingkat imbal hasil setahun selama 2019 The rate of return per annum during 2019 was
adalah sebesar 10,75%. 10.75%.

f. Informasi lainnya f. Other information

1) Perubahan cadangan kerugian pembiayaan 1) The movement of allowance for

musyarakah adalah sebagai berikut: impairment losses on musyarakah
financing was as follows:

2019

Saldo, awal tahun - Balance, beginning of year

Penyisihan selama tahun berjalan Allowance made during the year
(Catatan 32) 291 (Note 32)
Saldo, akhir tahun 291 Balance, end of year

Penilaian atas cadangan kerugian Assessment on allowance for impairment

penurunan nilai musyarakah dilakukan losses on musyarakah financing are made
secara individual. collectively.

Manajemen Bank berkeyakinan bahwa The Bank’s management believes that the
jumlah cadangan kerugian penurunan allowance for impairment losses provided
nilai yang dibentuk cukup untuk menutupi is adequate to cover possible impairment
kemungkinan penurunan nilai loss on musyarakah financing.
pembiayaan musyarakah. 359

2) Tidak terdapat Non-Performing Financing 2) There was no Non-Performing Financing

(NPF) pembiayaan musyarakah pada (NPF) of musyarakah financing as of
tanggal 31 Desember 2019. 31 December 2019.

3) Pada tanggal 31 Desember 2019, Bank 3) As of 31 December 2019, the Bank

memenuhi ketentuan Batas Maksimum complied with Legal Lending Limit
Pemberian Kredit, baik untuk pihak requirements for both related parties and
berelasi maupun untuk pihak ketiga. third parties.

12. BEBAN DIBAYAR DIMUKA 12. PREPAYMENTS

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

2019 2018

Sewa gedung 77,900 76,340 Building rental

Hak guna pakai lisensi 9,143 8,766 Right of use license
Pemeliharaan dan perbaikan IT 3,432 3,612 IT maintenance and renewal
Lainnya 3,153 644 Others
93,628 89,362

46
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

13. ASET TETAP 13. FIXED ASSETS

2019
Saldo awal/
Beginning Penambahan/ Pengurangan/ Reklasifikasi/ Jumlah/
balance Addition Deduction Reclassification Total

Model revaluasi Revaluation model

Kepemilikan langsung Direct ownership
Tanah 9,467) - -) -) 9,467) Land

Model biaya Cost model

Kepemilikan langsung Direct ownership
Bangunan 10,555) 27 -) -) 10,582) Buildings
Kendaraan bermotor 124,575) 63,857 (8,755) -) 179,677) Motor vehicles
Perlengkapan kantor 189,585) 10,535 (15,736) 24,698) 209,082) Office equipment
Leasehold improvement 154,943) 20,222 (33,511) -) 141,654) Leasehold improvement
Aset dalam penyelesaian -) 24,847 -) (24,698) 149) Construction in progress
489,125) 119,488 (58,002) -) 550,611)

Model biaya Cost model

Akumulasi penyusutan Accumulated depreciation
Bangunan (3,903) (673) -) - (4,576) Buildings
Kendaraan bermotor (73,095) (26,258) 8,423) - (90,930) Motor vehicles
Perlengkapan kantor (117,023) (40,696) 11,385) - (146,334) Office equipment
Leasehold improvement (118,303) (13,799) 32,881) - (99.221) Leasehold improvement
(312,324) (81,426) 52,689) - (341,061)

176,801) 209,550)
Nilai buku bersih Net book value

2018
Saldo awal/
Beginning Penambahan/ Pengurangan/ Reklasifikasi/ Jumlah/
balance Addition Deduction Reclassification Total

Model revaluasi Revaluation model

360 Kepemilikan langsung Direct ownership
Tanah 9,467) -) -) -) 9,467) Land

Model biaya Cost model

Kepemilikan langsung Direct ownership
Bangunan 9,529) 1,026) -) -) 10,555) Buildings
Kendaraan bermotor 105,752) 31,141) (12,318) -) 124,575) Motor vehicles
Perlengkapan kantor 170,687) 31,295) (14,471) 2,074) 189,585) Office equipment
Leasehold improvement 139,044) 15,954) (55) -) 154,943) Leasehold improvement
Aset dalam penyelesaian -) 2,074) -) (2,074) -) Construction in progress
434,479) 81,490) (26,844) -) 489,125)

Model biaya Cost model

Akumulasi penyusutan Accumulated depreciation
Bangunan (3,230) (673) -) -) (3,903) Buildings
Kendaraan bermotor (64,932) (20,055) 11,892) -) (73,095) Motor vehicles
Perlengkapan kantor (90,415) (35,662) 9,054) -) (117,023) Office equipment
Leasehold improvement (85,638) (32,709) 44) -) (118,303) Leasehold improvement
(244,215) (89,099) 20,990) -) (312,324)

Nilai buku bersih 190,264) 176,801) Net book value

Rincian keuntungan dan kerugian penjualan aset Detail of gains or losses on sale of fixed assets
tetap adalah sebagai berikut: was as follows:
2019 2018

Hasil atas penjualan aset tetap 2,162) 3,041) Proceeds from sale of fixed assets
Nilai buku (1,536) (5,249) Book value
Keuntungan (kerugian) penjualan aset
tetap 626) (2,208) Gain (loss) on sale of fixed assets

47
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

13. ASET TETAP (lanjutan) 13. FIXED ASSETS (continued)

Pada tanggal 31 Desember 2019 dan 2018, aset As of 31 December 2019 and 2018, fixed assets,
tetap, kecuali tanah, telah diasuransikan kepada except for land, have been insured by PT Asuransi
PT Asuransi Adira Dinamika Syariah (pihak ketiga) Adira Dinamika Syariah (third party) with total
dengan total nilai pertanggungan masing-masing coverage of Rp 142,288 and Rp 121,655,
sebesar Rp 142.288 dan Rp 121.655. Bank respectively. The Bank believes that the insurance
berpendapat bahwa nilai pertanggungan asuransi coverage is adequate to cover possible losses
cukup untuk menutup kemungkinan kerugian dari arising from the fixed assets.
aset tetap tersebut.

Pada tanggal 31 Desember 2019 dan 2018, Bank As of 31 December 2019 and 2018, the Bank
melakukan peninjauan kembali atas masa performed a review on useful life, depreciation
manfaat, metode penyusutan dan nilai residu aset method and residual value of financial assets and
tetap dan menyimpulkan bahwa tidak terdapat concluded that there were no changes in these
perubahan atas metode dan asumsi tersebut. methods and assumptions.

Berdasarkan penelaahan manajemen, tidak Based on management review, there was no

terdapat indikasi penurunan nilai atas aset tetap indication of impairment in the value of fixed
tersebut di atas. assets.

Pada tanggal 31 Desember 2019 dan 2018, tidak As of 31 December 2019 and 2018, there were no
terdapat aset tetap yang digunakan sebagai fixed assets pledged as collaterals and no
jaminan dan tidak terdapat pembatasan limitation of ownership on fixed assets.
kepemilikan atas semua aset tetap.

Pada tanggal 31 Desember 2019, aset tetap yang As of 31 December 2019, fixed assets which had
sudah disusutkan penuh namun masih digunakan been fully depreciated but still used to support
untuk menunjang aktivitas operasi Bank adalah the Bank’s operations amounted to Rp 192,406
sebesar Rp 192.406 (31 Desember 2018: (31 December 2018: Rp 199,690). 361
Rp 199.690).

Pada tanggal 31 Desember 2019 dan 2018, As of 31 December 2019 and 2018, the acquisition
jumlah harga perolehan tanah Bank adalah cost of the Bank’s land amounted to Rp 3,987.
sebesar Rp 3.987.

14. ASET TAKBERWUJUD 14. INTANGIBLE ASSETS

2019
Saldo awal/
Beginning Penambahan/ Pengurangan/ Reklasifikasi/ Jumlah/
balance Addition Deduction Reclassification Total
Biaya perolehan Cost
Piranti lunak 79,129) -) (6,145) 24,855) 97,839) Software

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Pengembangan piranti
lunak 12,912) 41,542) (164) (24,855) 29,435) Software development
92,041) 41,542) (6,309) -) 127,274)

Akumulasi amortisasi Accumulated amortization

Piranti lunak (46,307) (19,521) 5,348) -) (60,480) Software

(46,307) (19,521) 5,348) -) (60,480)

45,734) 66,794)
Nilai buku bersih Net book value

2018
Saldo awal/
Beginning Penambahan/ Pengurangan/ Reklasifikasi/ Jumlah/
balance Addition Deduction Reclassification Total
Biaya perolehan Cost
Piranti lunak 63,901) -) - 15,228) 79,129) Software
Pengembangan piranti
lunak 5,075) 23,065) - (15,228) 12,912) Software development
68,976) 23,065) - -) 92,041)

Akumulasi amortisasi Accumulated amortization

Piranti lunak (31,272) (15,035) - -) (46,307) Software

(31,272) (15,035) - -) (46,307)

Nilai buku bersih 37,704) 45,734) Net book value

48
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

14. ASET TAKBERWUJUD (lanjutan) 14. INTANGIBLE ASSETS (continued)

Sisa periode amortisasi untuk piranti lunak pada Remaining amortisation period of software as of
tanggal 31 Desember 2019 dan 2018 adalah 31 December 2019 and 2018 was below 4 years.
kurang dari 4 tahun.

Manajemen berpendapat bahwa tidak terdapat Management believes that there was no indication
indikasi adanya penurunan nilai aset of impairment in the value of intangible assets.
takberwujud.

Pada tanggal 31 Desember 2019 dan 2018, tidak As of 31 December 2019 and 2018, there were no
terdapat aset takberwujud yang digunakan intangible assets pledged as collaterals and no
sebagai jaminan dan tidak terdapat pembatasan limitation of ownership on the intangible assets.
kepemilikan atas semua aset takberwujud.

15. ASET LAIN-LAIN – BERSIH 15. OTHER ASSETS – NET

2019 2018

Pihak ketiga Third parties

Uang muka 19,893 17,680 Advances
Aset imbalan kerja (Catatan 37) 13,723 13,903 Employee benefit assets (Note 37)
Uang jaminan 8,673 10,440 Guarantee deposits
Lain-lain 10,645 2,331 Others
52,934 44,354

Lain-lain sebagian besar terdiri dari berbagai Others mainly consist of various receivables from
macam tagihan dari transaksi kepada pihak transaction with third parties.
ketiga.
362
16. LIABILITAS SEGERA 16. LIABILITIES DUE IMMEDIATELY

2019 2018

Titipan bagi hasil deposito 4,307 2,906 Unsettled profit sharing of time deposits
Titipan kiriman uang - 186 Unsettled remittances
Titipan pencairan deposito - 11 Unsettled time deposits withdrawal
Lainnya 5,317 96 Others
9,624 3,199

Lainnya terdiri dari utang lainnya kepada pihak Others mainly consist of other payables to third
ketiga. parties.

17. BAGI HASIL YANG BELUM DIBAGIKAN 17. UNDISTRIBUTED REVENUE SHARING

Akun ini merupakan bagi hasil yang belum This account represents the undistributed share of
dibagikan oleh Bank kepada shahibul maal atas the customer (shahibul maal) on the distribution of
bagian keuntungan hasil usaha Bank yang telah income generated by the Bank from managing
disisihkan dari pengelolaan dana mudharabah. mudharabah funds.

Bagi hasil yang belum dibagikan Bank pada Undistributed revenue sharing which had not been
tanggal 31 Desember 2019 adalah bagi hasil distributed by the Bank as of 31 December 2019
untuk deposito dan tabungan mudharabah for mudharabah time deposits and saving deposits
sebesar Rp 21.861 (31 Desember 2018: amounted to Rp 21,861 (31 December 2018:
Rp 17.035). Rp 17,035).

49
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

18. SIMPANAN NASABAH 18. DEPOSITS FROM CUSTOMERS

2019 2018
Pihak ketiga Third parties
Tabungan wadiah Wadiah saving deposits

Tabungan Wadiah TUR Prospera 1,813,316 1,505,640 Wadiah TUR Prospera saving deposits
Tabungan Citra 37,481 - Citra saving deposits
Tabungan BTPN WOW Ib 15,205 13,206 BTPN WOW iB saving deposits
Tabungan Taseto Mapan 3,883 - Taseto Mapan saving deposits
Tabungan Mapan Syariah 113 58 Mapan Syariah saving deposits
Tabungan Haji 117 - Hajj saving deposits
1,870,115 1,518,904
Giro wadiah 25,248 100,350 Wadiah demand deposits
1,895,363 1,619,254
Pihak berelasi Related parties
Tabungan wadiah Wadiah saving deposits
Tabungan citra 372 - Citra deposits
Tabungan Taseto Mapan 150 - Taseto Mapan saving deposits
522 -

1,895,885 1,619,254

Giro wadiah merupakan giro wadiah yad- Wadiah demand deposits represent wadiah yad-
dhamanah yaitu titipan dana pihak lain yang dapat dhamanah in which depositors can be given
diberikan bonus berdasarkan kebijakan Bank. bonuses based on the Bank’s discretion policy.
Selama tahun yang berakhir pada tanggal During the years ended 31 December 2019 and
31 Desember 2019 dan 2018, Bank membagikan 2018, the Bank distributed bonuses for wadiah
bonus untuk produk giro wadiah masing-masing demand deposits amounting to Rp 4,007 and
sebesar Rp 4.007 dan Rp 6.059 (Catatan 31). Rp 6,059, respectively (Note 31). The average
Bonus rata-rata giro wadiah untuk tahun yang bonus rate for wadiah demand deposits for the
berakhir pada tanggal 31 Desember 2019 dan years ended 31 December 2019 and 2018 was
2018 masing-masing adalah 7,06% dan 6,16%. 7.06% dan 6.16%, respectively.
363
Tabungan wadiah merupakan simpanan dana Wadiah saving deposits represent deposits in
dalam mata uang Rupiah yang dapat diberikan Rupiah in which depositors can be given bonuses
bonus berdasarkan kebijakan Bank. Selama tahun based on the Bank’s discretion policy. During the
yang berakhir pada tanggal 31 Desember 2019 years ended 31 December 2019 and 2018, the
dan 2018, Bank membagikan bonus untuk produk Bank distributed bonuses for WOW iB wadiah
tabungan WOW iB wadiah masing-masing saving deposits amounting to Rp 567 and
sebesar Rp 567 dan Rp 1.133 (Catatan 31). Rp 1,133, respectively (Note 31).
Selama tahun yang berakhir pada tanggal During the years ended 31 December 2019 and
31 Desember 2019 dan 2018 tidak terdapat 2018, there was no related party transaction for
transaksi dengan pihak berelasi untuk simpanan wadiah deposits.
wadiah.

19. PERPAJAKAN 19. TAXATION

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

a. Utang pajak a. Taxes payable

2019 2018
Pajak penghasilan badan Corporate income tax
- Pasal 25 45,980 30,132 Article 25 -
- Pasal 29 12,186 63,989 Article 29 -
58,166 94,121

Pajak lainnya Other taxes

- Pasal 21 6,716 4,335 Article 21 -
- Pasal 23, 26 dan 4(2) 9,701 7,907 Article 23, 26 and 4(2) -
- Pajak pertambahan nilai - 81 Value added tax -
16,417 12,323

74,583 106,444

b. Beban pajak penghasilan b. Income tax expense

2019 2018
Pajak penghasilan badan Corporate income tax
- Kini (526,767) (377,414) Current -
- Tangguhan 48,152) 43,706) Deferred -
(478,615) (333,708)

50
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

19. PERPAJAKAN (lanjutan) 19. TAXATION (continued)

c. Berdasarkan Undang-Undang perpajakan di c. Under the Indonesian taxation laws, the Bank
Indonesia, Bank menghitung dan submits tax returns on a self-assessment basis.
melaporkan/menyetorkan pajak berdasarkan The tax authorities may assess/amend taxes
sistem self-assessment. Fiskus dapat within the statute of limitations under prevailing
menetapkan/mengubah pajak-pajak tersebut regulations.
dalam jangka waktu tertentu sesuai peraturan
yang berlaku.

d. Rekonsiliasi atas beban pajak penghasilan d. The reconciliation between the Bank’s income
Bank dengan laba akuntansi Bank sebelum tax expense with the calculation of the
beban pajak penghasilan dikali tarif pajak accounting income before income tax expense
yang berlaku adalah sebagai berikut: multiplied by the prevailing tax rate was as
follows:

2019 2018

Laba sebelum pajak penghasilan 1,878,249 1,299,019 Income before tax

Tarif pajak yang berlaku 25% 25% Prevailing tax rate
469,562 324,755

Beda permanen dengan tarif Permanent differences at

pajak 25% 9,053 8,953 25% tax rate
Beban pajak penghasilan 478,615 333,708 Income tax expense

e. Rekonsiliasi dari laba akuntansi sebelum e. The reconciliation of accounting income before
pajak penghasilan ke penghasilan kena pajak tax to taxable income for the years ended
untuk periode tahun yang berakhir tanggal 31 December 2019 and 2018 was as follows:
364 31 Desember 2019 dan 2018 adalah sebagai
berikut:

2019 2018

Laba akuntansi sebelum pajak

penghasilan 1,878,249) 1,299,019) Accounting income before tax

Perbedaan tetap Permanent differences

Beban yang tidak dapat dikurangkan 36,211) 35,812) Non-deductible expenses

Perbedaan temporer Temporary differences

Liabilitas imbalan kerja karyawan 13,068) 27,344) Employee benefits obligation
Akrual bonus dan tantiem 61,604) 22,572) Accrued bonus and tantiem
Penyusutan aset tetap 29,428) (3,624) Depreciation of fixed assets
Cadangan kerugian penurunan nilai Allowance for impairment losses
atas piutang murabahah 43,204) 51,228) on murabahah
Cadangan kerugian penurunan nilai Allowance for impairment losses
atas persediaan -) (4,000) on inventory
Lainnya 45,304) 81,305) Others
Penghasilan kena pajak 2,107,068) 1,509,656) Taxable income

Beban pajak penghasilan kini 526,767) 377,414) Current income tax expense
Dikurangi: pajak dibayar dimuka (468,601) (313,425) Less: prepaid tax
Utang pajak penghasilan 58,166) 63,989) Income tax payable

Perhitungan pajak penghasilan untuk tahun The calculations of income tax for the year
yang berakhir pada tanggal 31 Desember ended 31 December 2019 above were
2019 di atas adalah suatu perhitungan preliminary estimates made for financial
estimasi awal yang dibuat untuk tujuan statement preparation purposes and were
penyusunan laporan keuangan ini dan dapat subject to change at the time the Bank submits
berubah pada saat Bank menyampaikan its Annual Corporate Income Tax Return (SPT)
Surat Pemberitahuan Tahunan (SPT) pajak for fiscal year 2019.
tahun fiskal 2019.

Perhitungan perpajakan untuk tahun yang The calculation of income tax for the year ended
berakhir pada tanggal 31 Desember 2018 31 December 2018 was in accordance to
telah sesuai dengan Surat Pemberitahuan Annual Corporate Income Tax Return (SPT) for
Tahunan (SPT) Pajak tahun fiskal 2018. fiscal year 2018.

51
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

19. PERPAJAKAN (lanjutan) 19. TAXATION (continued)

f. Rincian aset (liabilitas) pajak tangguhan pada f. The details of the deferred tax assets (liabilities)
tanggal 31 Desember 2019 dan 2018 adalah as of 31 December 2019 and 2018 were as
sebagai berikut: follows:

2019
Dikreditkan
(dibebankan) Dikreditkan
ke laporan (dibebankan)
laba/rugi/ ke ekuitas/
Credited Credited 31 Desember/
1 Januari/ (charged) to (charged) to December
January profit/loss equity 2019

Aset (liabilitas) pajak tangguhan Deferred tax assets (liabilities)

Akrual bonus dan tantiem 34,021) 15,401 -) 49,422) Accrued bonus and tantiem
Liabilitas imbalan kerja karyawan (433) 3,267 (3,050) (216) Employee benefits liabilities
Aset tetap 11,424) 7,357 -) 18,781) Fixed assets
Cadangan kerugian penurunan Allowance for impairment losses
nilai atas piutang murabahah 26,425) 10,801 -) 37,226) on murabahah receivables
Keuntungan yang belum Unrealized gain from marketable
direalisasi dari surat berharga (235) - 189) (46) securities
Lainnya 28,382) 11,326 -) 39,708) Others
Aset pajak tangguhan - bersih 99,584) 48,152 (2,861) 144,875) Deferred tax assets - net

2018
Dikreditkan
(dibebankan) Dikreditkan
ke laporan (dibebankan)
laba/rugi/ ke ekuitas/
Credited Credited 31 Desember/
1 Januari/ (charged) to (charged) to December
January profit/loss equity 2018

Aset (liabilitas) pajak tangguhan Deferred tax assets (liabilities) 365

Akrual bonus dan tantiem 28,378 5,643) -) 34,021) Accrued bonus and tantiem
Liabilitas imbalan kerja karyawan 5,307 6,836) (12,576) (433) Employee benefits liabilities
Aset tetap 12,330 (906) -) 11,424) Fixed assets
Cadangan kerugian penurunan Allowance for impairment losses
nilai atas piutang murabahah 13,618 12,807) -) 26,425) on murabahah receivables
Cadangan kerugian penurunan Allowance for impairment loses
nilai atas persediaan 1,000 (1,000) -) -) on inventory
Keuntungan yang belum Unrealized gain from marketable
direalisasi dari surat berharga - -) (235) (235) securities
Lainnya 8,056 20,326) -) 28,382) Others
Aset pajak tangguhan - bersih 68,689 43,706) (12,811) 99,584) Deferred tax assets - net

Manajemen berpendapat bahwa aset pajak Management believes that total deferred tax
tangguhan kemungkinan besar dapat assets are probable to be realized in the future
direalisasi pada tahun-tahun mendatang. years.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

20. LIABILITAS LAIN-LAIN 20. OTHER LIABILITIES

2019 2018

Asuransi 18,793 11,122 Insurance

Utang kepada pihak ketiga 2,033 4,583 Payable to third parties
Titipan lainnya 220 1,542 Other unsettled
Lain-lain 20,559 11,082 Others
41,605 28,329

Lain-lain sebagian besar terdiri dari kewajiban Others mostly consist of payment obligation to
pembayaran kepada karyawan. employee.

21. AKRUAL 21. ACCRUALS

2019 2018

Akrual beban operasional 162,377 92,266 Accrued operational expenses

Akrual jasa profesional 20,544 22,950 Accrued professional fees
Akrual beban promosi 1,920 13,583 Accrued promotion expenses
184,841 128,799

52
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

22. TABUNGAN MUDHARABAH 22. MUDHARABAH SAVINGS DEPOSITS

a. Berdasarkan jenis produk a. By product

2019 2018

Bukan Bank Non-Bank

Tabungan Taseto Premium iB 104,878 70,801 Taseto Premium iB Savings
Tabungan Citra iB - 40,370 Citra iB Savings
Tabungan Taseto Mapan iB - 3,211 Taseto Mapan iB Savings
104,878 114,382

Pada bulan Mei 2019, akad atas Tabungan In May 2019, the agreements for Citra iB
Citra iB dan Tabungan Taseto Mapan iB Savings and Taseto Mapan iB Savings had
berubah dari akad mudharabah menjadi been changed from mudharabah to wadiah.
akad wadiah.

b. Berdasarkan pihak berelasi dan pihak b. By related parties and third parties
ketiga

2019 2018

Bukan Bank Non-Bank

Pihak ketiga 104,628 113,788 Third parties
Pihak berelasi (Catatan 38) 250 594 Related parties (Note 38)
104,878 114,382

Nisbah dan tingkat bagi hasil rata-rata untuk The average of pre-determined ratio and profit
tabungan mudharabah untuk tahun-tahun sharing rate for mudharabah savings deposits
366 yang berakhir pada tanggal 31 Desember for the years ended 31 December 2019 and
2019 dan 2018 adalah sebagai berikut: 2018 were as follows:
2019
Tingkat bagi
Nisbah (%)/ hasil (%)/
Pre-determined Profit sharing
ratio (%) rate (%)

Tabungan mudharabah 3.45% 4.56% Mudharabah savings deposits

2018
Tingkat bagi
Nisbah (%)/ hasil (%)/
Pre-determined Profit sharing
ratio (%) rate (%)

Tabungan mudharabah 1.80% 4.01% Mudharabah savings deposits

Pada tanggal 31 Desember 2019 dan 2018, As of 31 December 2019 and 2018, there
tidak ada saldo tabungan mudharabah yang were no mudharabah saving deposits which
diblokir atau dijadikan jaminan pembiayaan. were blocked or pledged for financing.

23. DEPOSITO MUDHARABAH 23. MUDHARABAH TIME DEPOSITS

a. Berdasarkan pihak berelasi dan pihak a. By related parties and third parties
ketiga

2019 2018

Bukan Bank Non-Bank

Pihak ketiga 7,428,302 5,872,246 Third parties
Pihak berelasi (Catatan 38) 17,484 6,232 Related parties (Note 38)
7,445,786 5,878,478

53
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

23. DEPOSITO MUDHARABAH (lanjutan) 23. MUDHARABAH TIME DEPOSITS (continued)

b. Berdasarkan jangka waktu b. By time period

2019 2018

Bukan Bank Non-Bank

> 1 - 3 bulan 6,917,619 5,590,403 > 1 - 3 months
> 3 - 6 bulan 399,197 212,424 > 3 - 6 months
> 6 - 9 bulan 25,510 18,000 > 6 - 9 months
> 9 - 12 bulan 103,450 56,871 > 9 - 12 months
Lebih dari 12 bulan 10 780 More than 12 months
7,445,786 5,878,478

c. Berdasarkan sisa umur sampai jatuh c. By remaining period to maturity date

tempo
2019 2018

Bukan Bank Non-Bank

Hingga 1 bulan 5,298,489 4,108,910 Up to 1 months
>1 - 3 bulan 1,847,295 1,658,085 > 1 - 3 months
>3 - 6 bulan 256,445 88,170 > 3 - 6 months
>6 - 9 bulan 32,041 17,460 > 6 - 9 months
>9 - 12 bulan 11,506 5,833 > 9 - 12 months
Lebih dari 12 bulan 10 20 More than 12 months
7,445,786 5,878,478

Pada tanggal 31 Desember 2019 dan 2018, tidak As of 31 December 2019 and 2018, there were no
ada saldo deposito mudharabah yang diblokir mudharabah time deposits which were blocked or
atau dijadikan sebagai jaminan atas pembiayaan. pledged for financing.
Nisbah dan tingkat bagi hasil rata-rata untuk The average of pre-determined ratio (nisbah) and
deposito mudharabah pada tanggal profit sharing rate for mudharabah time deposits 367
31 Desember 2019 dan 2018 adalah sebagai as of 31 December 2019 and 2018 were as
berikut: follows:
2019
Tingkat
Nisbah (%)/ bagi hasil (%)/
Pre-determined Profit sharing
Ratio (%) rate (%)
1 bulan 13.95% 7.76% 1 month
3 bulan 14.20% 7.82% 3 month
6 bulan 13.90% 7.87% 6 month
12 bulan 13.48% 7.83% 12 month

2018
Tingkat

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Nisbah (%)/ bagi hasil (%)/
Pre-determined Profit sharing
Ratio (%) rate (%)

1 bulan 12.68% 7.10% 1 month

3 bulan 12.74% 6.92% 3 month
6 bulan 12.58% 6.96% 6 month
12 bulan 12.56% 6.75% 12 month

24. MODAL SAHAM 24. SHARE CAPITAL

Berdasarkan Rapat Umum Pemegang Saham Based on Circular Resolution of the Shareholders
Luar Biasa (RUPSLB) Bank yang dilaksanakan of the Bank, in lieu of Extraordinary General
secara sirkuler pada tanggal 16 November 2017, Meeting of Shareholders (RUPSLB) dated 16
para pemegang saham menyetujui rencana November 2017, the shareholders approved the
Penawaran Umum Perdana Saham Biasa kepada Initial Public Offering of Ordinary Shares plan to
masyarakat melalui pasar modal serta melakukan public through capital market and listing of the
pencatatan saham Bank di Bursa Efek Indonesia. Bank’s shares at the Indonesia Stock Exchange.
Pada tanggal 25 April 2018, Bank memperoleh On 25 April 2018, the Bank obtained the effective
pernyataan efektif dari Otoritas Jasa Keuangan notice from the Financial Services Authority
dengan surat No. S-36/D-04/2018 untuk through letter No. S-36/D-04/2018 for its initial
melakukan penawaran umum saham perdana public offering.
tersebut.

54
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

24. MODAL SAHAM (lanjutan) 24. SHARE CAPITAL (continued)

Bank melakukan penawaran umum perdana atas The Bank undertook an initial public offering of
770.370.000 saham dengan nilai nominal sebesar 770,370,000 shares with a nominal value of Rp 100
Rp 100 (nilai penuh) setiap saham dengan harga (full amount) per share with offering price of Rp 975
penawaran setiap saham sebesar Rp 975 (nilai (full amount) per share to the public in Indonesia.
penuh) kepada masyarakat di Indonesia. Saham The shares is listed at the Indonesia Stock
tersebut dicatat di Bursa Efek Indonesia atau BEI Exchange or IDX on 8 May 2018. As a result of the
pada tanggal 8 Mei 2018. Dari hasil Penawaran Initial Public Offering, the Bank recorded additional
Umum Perdana, Bank mencatatkan tambahan paid in capital as agio amounting to Rp 674,074
modal disetor berupa agio sebesar Rp 674.074 with the cost of issuing shares amounting to
dengan biaya emisi saham sebesar Rp 16.090. Rp 16,090. Net proceeds from the initial public
Hasil emisi bersih dari penawaran umum perdana offering was Rp 735,021. Total additional paid-in
ini adalah sebesar Rp 735.021. Jumlah tambahan capital of the Bank as of 31 December 2019 and
modal disetor Bank pada tanggal 31 Desember 2018 was Rp 846,440.
2019 dan 2018 adalah Rp 846.440.
Berdasarkan Rapat Umum Pemegang Saham Based on a Circular Resolution of the
Luar Biasa (”RUPSLB”) Bank yang dilaksanakan Shareholders of the Bank, in lieu of an
secara sirkuler pada tanggal 5 April 2018, para Extaordinary General Meeting of Shareholders
pemegang saham menyetujui penambahan modal (“RUPSLB”) dated 5 April 2018, the shareholders
dasar Bank dari semula sebesar 15.000.000.000 approved the increase of the authorized share
lembar saham dengan jumlah nilai nominal capital of the Bank from 15,000,000,000 shares
Rp 1.500.000.000.000 (nilai penuh) menjadi with total nominal value of Rp 1,500,000,000,000
sebesar 27.500.000.000 lembar saham dengan (full amount) to 27,500,000,000 shares with total
jumlah nilai nominal Rp 2.750.000.000.000 (nilai nominal value of Rp 2,750,000,000,000 (full
penuh). amount).
Penambahan modal dasar Bank telah dinyatakan The addition of the Bank’s authorized shares
dalam perubahan Anggaran Dasar Nomor 8 capital had been stated in the amendment Articles
tanggal 5 April 2018 oleh Notaris Jose Dima of Association No. 8 dated 5 April 2018 by Notary
Satria, S.H.,M.Kn., dan telah dilaporkan pada Jose Dima Satria S.H.,M.Kn and reported to the
368 Kementerian Hukum dan Hak Asasi Manusia Ministry of Law and Human Rights of the Republic
Republik Indonesia berdasarkan Keputusan No. of Indonesia through its letter No. AHU-
AHU-0007953.AH.01.02. Tahun 2018 tanggal 0007953.AH.01.02.Year 2018 dated 10 April 2018
10 April 2018 dan Surat Penerimaan and Letter of Acceptance of the Amendment
Pemberitahuan Perubahan Anggaran Dasar Articles of Association through its letter No. AHU-
No. AHU-AH.01.03-0140091 tanggal 10 April AH.01.03-0140091 dated 10 April 2018.
2018.
Berdasarkan Akta Pernyataan Keputusan Based on the Resolution of Shareholder’s Meeting
Pemegang Saham Perubahan Anggaran Dasar dated 31 May 2018, the shareholders approved to
tanggal 31 Mei 2018, pemegang saham telah restate the shares ownership composition after the
menyetujui untuk menyatakan kembali komposisi Initial Public Offering and listing of the Bank’s
kepemilikan saham Bank setelah dilakukannya shares at the Indonesia Stock Exchange.
Penawaran Umum Saham Perdana dan
mencatatkan saham-saham tersebut pada
PT Bursa Efek Indonesia.
Komposisi kepemilikan saham telah dinyatakan The composition of Bank’s shares ownership has
dalam perubahan Anggaran Dasar Nomor 178 been stated in the amendment Articles of
tanggal 31 Mei 2018 oleh Notaris Jose Dima Association No. 178 dated 31 May 2018 by Notary
Satria, S.H.,M.Kn., dan telah dilaporkan pada Jose Dima Satria S.H.,M.Kn and reported to the
Kementerian Hukum dan Hak Asasi Manusia Ministry of Law and Human Rights of the Republic
Republik Indonesia berdasarkan Surat of Indonesia through its Letter of Acceptance of the
Penerimaan Pemberitahuan Perubahan Amendment Articles of Association through its
Anggaran Dasar No. AHU-AH.01.03-0215425 letter No . AHU-AH.01.03-0215425 dated 21 June
tanggal 21 Juni 2018. 2018.

Pada tanggal 31 Juli 2018, PT Triputra Persada On 31 July 2018, PT Triputra Persada Rahmat sold
Rahmat menjual kepemilikan saham atas Bank its ownership of 770,370,000 shares to public; as
sebesar 770.370.000 lembar saham kepada such, total shares ownership of PT Triputra
publik, sehingga kepemilikan saham PT Triputra Persada Rahmat changed from 1,540,740,000
Persada Rahmat berubah dari 1.540.740.000 shares or equivalent to 20% to 770,370,000 shares
lembar saham atau sebesar 20% menjadi or equivalent to 10%. During the period up to
770.370.000 lembar saham atau sebesar 10%. 31 March 2019, PT Triputra Persada Rahmat also
Selama periode sampai dengan 31 Maret 2019, sold its ownership of the Bank’s shares to public.
PT Triputra Persada Rahmat juga melakukan
penjualan kepemilikannya atas saham Bank ke
publik.

55
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

24. MODAL SAHAM (lanjutan) 24. SHARE CAPITAL (continued)

Susunan pemegang saham Bank pada tanggal The composition of the Bank’s shareholders as
31 Desember 2019 dan 2018 adalah sebagai of 31 December 2019 and 2018 was as follows:
berikut:

2019
Jumlah saham
ditempatkan dan Persentase
disetor penuh/ kepemilikan/ Jumlah modal/
Issued and fully Ownership Amount of
Pemegang saham paid shares percentage capital Shareholders

PT Bank BTPN Tbk (“BTPN”) 5,392,590,000 70.00% 539.259 PT Bank BTPN Tbk (“BTPN”)
Masyarakat (masing-masing <5%) 2,308,610,000 29.97% 230.861 Public (below 5% each)
Saham treasuri 2,500,000 0.03% 250 Treasury Shares
7,703,700,000 100% 770,370

2018
Jumlah saham
ditempatkan dan Persentase
disetor penuh/ kepemilikan/ Jumlah modal/
Issued and fully Ownership Amount of
Pemegang saham paid shares percentage capital Shareholders

PT Bank Tabungan Pensiunan PT Bank Tabungan Pensiunan

Nasional Tbk 5,392,590,000 70.00% 539,259 Nasional Tbk
PT Triputra Persada Rahmat 770,370,000 10.00% 77,037 PT Triputra Persada Rahmat
Masyarakat (masing-masing <5%) 1,540,740,000 20.00% 154,074 Public (below <5% each)
7,703,700,000 100.00% 770,370

25. CADANGAN WAJIB 25. LEGAL RESERVES 369

Cadangan wajib dibentuk dalam rangka memenuhi The legal reserves are provided in accordance
ketentuan pasal 70 Undang-undang No. 40/2007 with Indonesian Limited Liability Company Law
mengenai Perseroan Terbatas yang No. 40/2007 article 70 which requires Indonesian
mengharuskan perusahaan Indonesia untuk companies to set up a legal reserve amounting
membentuk cadangan wajib sebesar sekurang- to at least 20% of the issued and fully paid-up
kurangnya 20% dari jumlah modal yang capital. This particular law does not regulate the
ditempatkan dan disetor penuh. Undang-undang period of time in relation to the provision of such
tersebut tidak mengatur jangka waktu untuk reserves.
pembentukan cadangan tersebut.

Berdasarkan keputusan Rapat Umum Pemegang Based on the result of the Annual General
Saham Tahunan tanggal 28 Februari 2018 yang Meeting of Shareholders on 28 February 2018

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

berita acaranya diaktakan dengan akta No. 33 which was notarised by Ashoya Ratam, SH.,
tanggal 28 Februari 2018 dari Notaris Ashoya Mkn., in notarial deed No. 33 dated 28 February
Ratam, SH., Mkn., para pemegang saham 2018, the shareholders approved the
menyetujui penggunaan laba bersih untuk tahun appropriation of net income for the year ended
yang berakhir pada tanggal 31 Desember 2017 31 December 2017 as legal reserve amounted
sebagai cadangan wajib sebesar Rp 5.000 Rp 5,000 (Note 26).
(Catatan 26).

Berdasarkan keputusan Rapat Umum Pemegang Based on the result of the Annual General
Saham Tahunan tanggal 14 Februari 2019 yang Meeting of Shareholders on 14 February 2019
berita acaranya diaktakan dengan akta No. 11 which was notarised by Ashoya Ratam, SH.,
tanggal 14 Februari 2019 dari Notaris Ashoya Mkn., in notarial deed No. 11 dated 14 February
Ratam, SH., Mkn., para pemegang saham 2019, the shareholders approved the
menyetujui penggunaan laba bersih untuk tahun appropriation of net income for the year ended
yang berakhir pada tanggal 31 Desember 2018 31 December 2018 as legal reserve amounted
sebagai cadangan wajib sebesar Rp 20.000 Rp 20,000 (Note 26).
(Catatan 26).

56
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

26. PENGGUNAAN LABA BERSIH 26. APPROPRIATION OF NET INCOME

Berdasarkan keputusan Rapat Umum Pemegang Based on the result of the Annual General
Saham Tahunan, para pemegang saham Meeting of Shareholders, the shareholders
menyetujui penggunaan laba bersih untuk tahun approved the appropriation of net income for the
yang berakhir pada tanggal 31 Desember 2018 dan years ended 31 December 2018 and 2017 as
2017 sebagai berikut: follows:

(1) Bank tidak akan membagikan dividen kepada (1) the Bank shall not distribute any dividend to
para pemegang saham dan; the shareholders and;
(2) pembentukan tambahan cadangan wajib (2) additional appropriation for legal reserve
masing-masing sebesar Rp 20.000 dan amounted to Rp 20,000 and Rp 5,000,
Rp 5.000 untuk tahun 2019 dan 2018 (Catatan respectively, for the year 2019 and 2018
25); (Note 25);

(3) sisa saldo laba bersih yang diperoleh Bank (3) the remaining balance of net income
setelah dikurangi pembentukan tambahan acquired by the Bank, after additional
cadangan wajib dinyatakan sebagai saldo laba appropriation for legal reserve, shall be
yang belum ditentukan penggunaannya. declared as unappropriated retained
earnings.

27. PENDAPATAN USAHA UTAMA LAINNYA 27. OTHER MAIN OPERATING INCOME
2019 2018
Pendapatan imbalan dari Income from placements
penempatan pada SBIS 140,510 62,188 in SBIS
Pendapatan dari investasi pada Income from investment in
surat berharga 94,588 15,800 marketable securities
Pendapatan bonus penempatan Bonus income from placements
pada FASBIS 10,434 11,395 in FASBIS
370 Pendapatan bagi hasil penempatan Profit sharing income from placements
pada Sertifikat Investasi in certificate of Interbank Mudharabah
Mudharabah (SIMA) 4,220 3,236 Investment (SIMA)
Pendapatan bagi hasil dari Profit sharing income from
penempatan pada bank lain 2,805 3,505 placements in other banks
Pendapatan dari efek-efek yang Income from securities purchased
dibeli dengan janji dijual kembali under resell agreements
(reverse repo) 456 47,651 (reverse repo)
253,013 143,775

28. HAK PIHAK KETIGA ATAS BAGI HASIL DANA 28. THIRD PARTIES’ SHARE ON RETURN OF
SYIRKAH TEMPORER TEMPORARY SYIRKAH FUNDS

2019 2018

Deposito mudharabah 519,748 363,315 Mudharabah time deposits

Tabungan mudharabah 3,832 4,298 Mudharabah savings deposits
Sertifikat Investasi Certificate of Interbank
Mudharabah Antarbank (SIMA) 7 59 Mudharabah Investment (SIMA)
523,587 367,672

29. PENDAPATAN OPERASIONAL LAINNYA 29. OTHER OPERATING INCOME

2019 2018

Penerimaan kembali piutang yang Recovery from

telah dihapusbukukan 10,292 6,884 written-off receivables
Laba penjualan surat berharga - 806 Gain from sales of marketable securities
Jasa administrasi layanan bank 932 571 Bank service administration fees
Lain-lain 6,518 4,888 Others
17,742 13,149

57
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

30. BEBAN TENAGA KERJA 30. PERSONNEL EXPENSES

2019 2018

Tunjangan karyawan 615,908 433,099 Employee allowances

Gaji dan upah 430,705 422,592 Salaries and wages
Pendidikan dan pelatihan 52,412 43,457 Education and training
1,099,025 899,148

31. BEBAN UMUM DAN ADMINISTRASI 31. GENERAL AND ADMINISTRATIVE EXPENSES
2019 2018

Perlengkapan kantor dan jasa dari Office equipment and

pihak ketiga 229,670 222,642 third party services
Penyusutan aset tetap dan amortisasi Depreciation of fixed assets and
aset takberwujud (Catatan 13 dan amortization of intangible assets
14) 100,947 104,134 (Note 13 and 14)
Sewa 88,394 102,412 Rent
Jasa profesional 50,814 34,234 Professional fees
Pemeliharaan dan perbaikan 48,552 29,498 Service and maintenance
Asuransi 19,376 16,867 Insurance
Promosi 15,916 15,976 Promotion
Bonus simpanan wadiah (Catatan 18) 4,574 7,192 Wadiah deposit bonus (Note 18)
Lain-lain 3,185 3,640 Others
561,428 536,595

32. PEMBENTUKAN CADANGAN KERUGIAN 32. PROVISION FOR ALLOWANCE OF

PENURUNAN NILAI ASET PRODUKTIF DAN IMPAIRMENT LOSSES ON EARNING AND
NON-PRODUKTIF NON-EARNING ASSETS 371
2019 2018

Piutang murabahah (Catatan 10) 309,103 265,571 Murabahah receivables (Note 10)
Persediaan - 10,162 Inventory
Piutang qardh 8 - Qardh receivables
Agunan yang diambil alih - 169 Foreclosed assets
Pembiayaan musyarakah (Catatan 11) 291 - Musyarakah financing (Note 11)
309,402 275,902

33. BEBAN OPERASIONAL LAINNYA 33. OTHER OPERATING EXPENSES

2019 2018

Beban pengembangan komunitas 43,982 16,024 Community development expenses

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Kerugian operasional 13,648 7,973 Operational loss
Keanggotaan OJK 7,001 4,945 OJK membership
Operasional Mobile Marketing Sharia Operational of Mobile
(MMS) 6,733 33,465 Marketing Sharia (MMS)
Lain-lain 29,224 16,142 Others
100,588 78,549

Lain-lain terdiri dari beban operasional terkait dengan Others consist of operating expenses related to
program pengembangan eksternal, biaya rebranding, external development program, rebranding
program laku pandai. expenses, financial inclusion program.

34. (BEBAN) PENDAPATAN NON-OPERASIONAL - 34. NON-OPERATING (EXPENSE) INCOME - NET

BERSIH
2019 2018

Pendapatan non-operasional 1,984) 2,585) Non-operating income

Beban non-operasional (4,799) (6,115) Non-operating expenses
(2,815) (3,530)

58
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

34. (BEBAN) PENDAPATAN NON-OPERASIONAL – 34. NON-OPERATING (EXPENSE) INCOME - NET

BERSIH (lanjutan) (continued)

Pendapatan non-operasional sebagian besar terdiri Non-operating income mostly consists of gain on
dari keuntungan penjualan aset tetap dan sale of fixed assets and other non-operating
pendapatan non-operasional lainnya. income.

Beban non-operasional terdiri dari kerugian Non-operating expenses consist of loss on sale
penjualan aset tetap, sumbangan, iuran of fixed assets, contribution, membership fees,
keanggotaan, dan lain-lain. and others.

35. INFORMASI MENGENAI KOMITMEN DAN 35. COMMITMENTS AND CONTINGENCIES

KONTINJENSI INFORMATION

a. Bank memiliki tagihan kontinjensi berupa a. The Bank has contingency receivables in the
pendapatan dari pembiayaan/pinjaman yang form of income from non-performing
diberikan dalam kategori non-performing financing receivables amounting to
sebesar Rp 18.032 pada tanggal 31 Desember Rp 18,032 as of 31 December 2019
2019 (31 Desember 2018: Rp 14.714). (31 December 2018: Rp 14,714).

b. Bank tidak memiliki liabilitas komitmen yang b. The Bank did not have significant committed
signifikan pada tanggal 31 Desember 2019 dan liability as of 31 December 2019 and 2018.
2018.

36. LABA BERSIH PER SAHAM 36. EARNINGS PER SHARE

2019 2018
372
Laba bersih tahun berjalan 1,399,634 965,311 Net income for the year
Jumlah rata-rata tertimbang saham Weighted average number
biasa 7,703,261,644 7,435,653,452 of shares
Laba bersih per saham dasar/ dilusian Basic/diluted earnings per
(nilai penuh) 182 130 share (full amount)

Pada tanggal 31 Desember 2019 dan 2018, tidak As of 31 December 2019 and 2018, there were
ada efek yang berpotensi saham yang dapat no dilutive potential ordinary shares that would
menimbulkan pengaruh dilusi pada laba bersih per give rise to a dilution of the Bank’s earnings per
saham Bank. share.

37. LIABILITAS IMBALAN KERJA KARYAWAN 37. EMPLOYEE BENEFITS LIABILITIES

2019 2018

Imbalan kerja jangka pendek Short-term employee benefits

Akrual bonus karyawan, THR, Accruals of employee bonus, THR,
tantiem, dan liabilitas jangka tantiem, and other short-term
pendek lainnya 199,633 136,088 liabilities

Imbalan kerja jangka panjang Long-term employee benefits

Imbalan kerja jangka panjang Other long-term employee
lainnya 11,022 10,335 benefits
Liabilitas yang diakui pada laporan Liability recognised in statement of
posisi keuangan 210,655 146,423 financial position

59
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

37. LIABILITAS IMBALAN KERJA KARYAWAN 37. EMPLOYEE BENEFITS LIABILITIES

(lanjutan) (continued)
Program pensiun imbalan pasti Defined benefit pension plan

Bank menerapkan kebijakan program imbalan The Bank implemented a policy on post-
pascakerja sesuai dengan Undang-Undang employment benefit based on Labor Law
Tenaga Kerja (UUTK) No. 13 Tahun 2003 dan (UUTK) No. 13 Year 2003 and Collective Labor
Perjanjian Kerja Bersama yang berlaku di Bank. Agreement applied by the Bank. The calculation
Dasar perhitungan imbalan UUTK No. 13 ini of UUTK No. 13 benefits is based on current
menggunakan gaji pokok terkini. basic salary.

Program tersebut memberikan imbalan pensiun The program calls for benefits to be paid to
yang akan dibayarkan kepada karyawan yang eligible employees at retirement or when the
berhak pada saat karyawan pensiun atau pada saat employees resign according to the Labor Law
karyawan tersebut berhenti sesuai dengan regulation. Post-employement benefit plan is
peraturan UU Ketenagakerjaan. Pendanaan fully funded by the Bank, by paying sufficient
program pascakerja ini ditanggung sepenuhnya contributions to meet the minimum
oleh Bank dengan membayar iuran yang requirements set forth in applicable laws. The
setidaknya memenuhi jumlah minimum seperti Bank’s defined benefit pension plan is managed
yang diharuskan oleh peraturan perundang- by PT Asuransi Allianz Life Indonesia. As of
undangan yang berlaku. Pengelolaan dana 31 December 2019 and 2018, the total number
program pensiun imbalan pasti dilakukan oleh of employees eligible for this benefit was 5,111
PT Asuransi Allianz Life Indonesia. Pada tanggal and 5,159 employees (unaudited), respectively.
31 Desember 2019 dan 2018, jumlah karyawan
yang memiliki hak atas imbalan ini adalah masing-
masing sebanyak 5.111 dan 5.159 karyawan (tidak
diaudit).

Selain imbalan yang disebutkan diatas, Bank juga Beside the benefit mentions above, the Bank 373
memberikan imbalan kerja jangka panjang lainnya also provides other long-term employee benefits
berupa imbalan cuti panjang. in form of long service leave benefit.

Penilaian aktuarial pada tanggal 31 Desember 2019 The actuarial valuation as of 31 December 2019
dan 2018 dilakukan oleh konsultan aktuaria and 2018 was performed by registered actuarial
terdaftar, PT Biro Pusat Aktuaria, aktuaris consulting firm, PT Biro Pusat Aktuaria,
independen, dengan menggunakan metode independent actuary, using the “Projected Unit
“Projected Unit Credit” sebagaimana yang Credit” method as stated in its reports dated
tercantum dalam laporan pada tanggal 10 Januari 10 January 2020 and 11 January 2019 with the
2020 dan 11 Januari 2019 dengan asumsi-asumsi following assumptions:
sebagai berikut:

2019 2018

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Tingkat diskonto per tahun 5.53% - 8.29% 8.04% Annual discount rate
Tingkat kenaikan gaji per tahun 9% 10% Annual salary increase rate
Tabel mortalita TMI (Tabel TMI (Tabel Mortalita Mortality table
Mortalita Indonesia) III 2011/
Indonesia) III TMI (Indonesia
2011/ TMI Mortality Table) III
(Indonesia 2011
Mortality Table)
III 2011
Usia pensiun 55 tahun/years 55 tahun/years Retirement age

60
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

37. LIABILITAS IMBALAN KERJA KARYAWAN 37. EMPLOYEE BENEFITS LIABILITIES

(lanjutan) (continued)

Imbalan pascakerja Post-employment benefits

Perubahan liabilitas imbalan pasti yang timbul dari The movement of defined benefits liabilities
imbalan pascakerja selama tahun berjalan adalah arising from post-employment benefits during the
sebagai berikut: year was as follows:

2019 2018

Nilai kini liabilitas imbalan Present value of defined benefits

pasti, awal tahun 154,699) 178,167 liabilities, beginning of year

Termasuk dalam laba rugi ) Included in profit or loss

Beban jasa kini 28,498) 28,567) Current service cost
Beban bunga 12,438) 11,225) Interest expense

Termasuk dalam penghasilan Included in other comprehensive

komprehensif lain income
Pengukuran kembali: Remeasurement:
Penyesuaian asumsi keuangan (15,187) (30,005) Changes in financial assumption
Penyesuaian pengalaman (1,066) (22,711) Experience adjustment

Lain - lain Others

Imbalan yang dibayar (4,222) (10,544) Benefits paid
Nilai kini liabilitas imbalan Present value of defined
pasti, akhir tahun 175,160) 154,699) benefits liabilities, end of year

Status pendanaan atas program pensiun pada The funding status of the pension plan as of
374 tanggal 31 Desember 2019 dan 2018 yang 31 December 2019 and 2018 based on the
masing-masing berdasarkan laporan aktuaria actuarial reports of PT Sentra Jasa Aktuari dated
PT Sentra Jasa Aktuari tanggal 10 Januari 2020 10 January 2020 and 11 January 2019,
dan 11 Januari 2019 adalah sebagai berikut: respectively, was as follows:

2019 2018

Nilai kini liabilitas imbalan pasti (175,160) (154,699) Present value of defined benefits liabilities
Nilai wajar aset program 188,883) 168,602) Fair value of plan assets
Kelebihan pendanaan 13,723) 13,903) Funding surplus

Pergerakan nilai wajar aset program selama tahun The movement in the fair value of plan assets
berjalan adalah sebagai berikut: during the year was as follows:
2019 2018

Saldo, awal tahun 168,602) 170,795) Balance, beginning of year

Hasil yang diharapkan dari aset Expected return on plan
program 13,555) 10,761) assets
Kontribusi pemberi kerja 15,000) -) Employer’s contribution
Imbalan yang dibayar (4,222) (10,544) Benefits paid
Kerugian aktuaria - bersih (4,052) (2,410) Actuarial losses - net
Saldo, akhir tahun 188,883) 168,602) Balance, end of year

Seluruh aset program pensiun ditempatkan pada All of the pension plan assets are placed on
Program Dana Pensiun Lembaga Keuangan Program Dana Pensiun Lembaga Keuangan
Allianz dengan deposito berjangka sebagai aset Allianz with time deposits as underlying assets.
yang mendasari. Nilai wajar atas deposito The fair value of time deposits as of
berjangka tersebut pada tanggal 31 Desember 31 December 2019 and 2018 was Rp 188,883
2019 dan 2018 masing-masing sebesar and Rp 168,602, respectively.
Rp 188.883 dan Rp 168.602.

Bank terekspos dengan risiko volatilitas aset The Bank is exposed to asset volatility risks
melalui program imbalan pasti. Liabilitas program through its defined benefit pension plans. The
dihitung menggunakan tingkat diskonto yang plan liabilities are calculated using a discount rate
merujuk kepada tingkat imbal hasil obligasi set with reference to government bond yields, if
pemerintah, jika imbal hasil aset program lebih plan assets underperform this yield, this will
rendah, maka akan menghasilkan defisit program. create a deficit.

61
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

37. LIABILITAS IMBALAN KERJA KARYAWAN 37. EMPLOYEE BENEFITS LIABILITIES

(lanjutan) (continued)

Imbalan pascakerja (lanjutan) Post-employment benefits (continued)

Tabel di bawah ini merupakan perbandingan nilai The following was the historical comparison of the
kini dari liabilitas imbalan pasti dan penyesuaian Bank’s present value of defined benefits liabilities
pengalaman yang timbul pada liabilitas program and experience adjustment on plan liabilities:
Bank:

2019 2018 2017 2016 2015

Present value of
Nilai kini liabilitas defined benefits
imbalan pasti (175,160) (154,699) (178,167) (122,058) (95,400) liabilities
Nilai wajar aset Fair value of plan
program 188,883) 168,602) 170,795) 148,488) 104,417) asset
Surplus (defisit) 13,723) 13,903) (7,372) 26,430) 9,017) Surplus (deficit)
Penyesuaian Exprerience
pengalaman yang adjustment on
timbul pada plan liabilities
liabilitas program 16,253) 52,716) 15,626) 7,261) 6,615)
Penyesuaian Experience
pengalaman yang adjustment on
timbul pada aset plan assets
program (4,052) (2,410) (3,411) (943) 468)

Analisis jatuh tempo yang diharapkan dari imbalan Expected maturity analysis of undiscounted
pensiun yang tidak didiskontokan adalah sebagai pension benefits was as follows:
berikut:
2019 2018
375

Hingga 1 tahun 8,115 2,682 Up to 1 year

> 1 - 2 tahun 13,295 3,097 > 1 - 2 years
> 2 - 5 tahun 36,980 30,150 > 2 - 5 years
Lebih dari 5 tahun 1,892,882 9,178,888 More than 5 years

Sensitivitas dari liabilitas imbalan pasti terhadap The sensitivity of the defined benefits liabilities to
perubahan asumsi aktuaria utama adalah sebagai changes in the key actuarial assumptions was as
berikut: follows:

2019
Dampak program pensiun imbalan pasti/
Impact on defined benefit pension plan
Nilai kini kewajiban
imbalan kerja/
Perubahan asumsi/ Present value of benefit Biaya jasa kini/

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Change in assumption obligation Current service cost
Kenaikan/Increase 1% 158,267 25,644
Tingkat diskonto Penurunan/Decrease 1% 195,255 31,909 Discount rate

Kenaikan/Increase 1% 195,627 31,969

Tingkat kenaikan gaji Penurunan/Decrease 1% 157,656 25,543 Salary increase rate

Analisa sensitivitas didasarkan pada perubahan The sensitivity analysis is based on a change in
atas satu asumsi aktuaria dimana asumsi lainnya an assumption while holding all other
dianggap konstan. Dalam praktiknya, hal ini jarang assumptions constant. In practice, this is
terjadi dan perubahan beberapa asumsi mungkin unlikely to occur, and changes in some of the
saling berkorelasi. Dalam perhitungan sensitivitas assumptions may be correlated. When
liabilitas imbalan pasti atas asumsi aktuaria calculating the sensitivity of the defined benefits
liabilities to key actuarial assumptions, the same
utama, metode yang sama (perhitungan nilai kini
method (present value of the defined benefits
liabilitas imbalan pasti dengan menggunakan liabilities calculated with the projected unit credit
metode projected unit credit di akhir periode method at the end of the reporting period) has
pelaporan) telah diterapkan seperti dalam been applied as when calculating the defined
penghitungan liabilitas imbalan pasti yang diakui benefits liabilities recognised in the statement of
dalam laporan posisi keuangan. financial position.

62
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

37. LIABILITAS IMBALAN KERJA KARYAWAN 37. EMPLOYEE BENEFITS LIABILITIES

(lanjutan) (continued)

Imbalan kerja jangka panjang lainnya Other long-term employee benefits

Perubahan liabilitas imbalan pasti yang timbul dari The movement in the defined benefits liabilities
imbalan kerja jangka panjang lainnya selama tahun arising from other long-term employee benefits
berjalan adalah sebagai berikut: over the year was as follows:

2019 2018

Nilai kini liabilitas imbalan pasti, awal Present value of the defined
tahun 10,335) 12,024) benefits liabilities, beginning of year

Termasuk dalam laba rugi Included in profit or loss

Beban jasa kini 2,016) 2,106) Current service cost
Beban bunga 831) 757) Interest expense
Pengukuran kembali: Remeasurement:
- Penyesuaian asumsi keuangan (228) (857) Changes in financial assumptions -
- Penyesuaian pengalaman (127) (1,530) Experience adjustment -

Lain-lain Others
Imbalan yang dibayar (1,805) (2,165) Benefit paid
Nilai kini liabilitas imbalan pasti, akhir Present value of defined
periode 11,022) 10,335) benefits liabilities, end of year

Analisis jatuh tempo yang diharapkan dari imbalan Expected maturity analysis of undiscounted
jangka panjang lainnya tidak didiskontokan adalah other long term employee benefits are as
sebagai berikut: follows:

2019 2018
376
Hingga 1 tahun 1,917 2,047 Up to 1 year
> 1 - 2 tahun 1,956 2,445 > 1 - 2 years
> 2 - 5 tahun 4,961 5,945 > 2 - 5 years
> 5 tahun 42,828 187,789 > 5 years

Sensitivitas dari kewajiban imbalan jangka panjang The sensitivity of the other long term employee
lainnya terhadap perubahan asumsi aktuaria utama benefit obligation to changes in the principal
adalah sebagai berikut: actuarial assumptions is as follows:

2019
Dampak program imbalan jangka panjang lainnya/
Impact on other long term employee benefits plan
Nilai kini kewajiban
imbalan kerja/
Perubahan asumsi/ Present value of benefit Biaya jasa kini/
Change in assumption obligation Current service cost

Kenaikan/Increase 1% 10,471 1,917

Tingkat diskonto Penurunan/Decrease 1% 11,643 2,127 Discount rate

Kenaikan/Increase 1% 11,627 2,125

Tingkat kenaikan gaji Penurunan/Decrease 1% 10,474 1,917 Salary increase rate

63
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

38. TRANSAKSI DENGAN PIHAK BERELASI 38. RELATED PARTY TRANSACTIONS

Dalam kegiatan usahanya, Bank mengadakan In the normal course of business, the Bank
transaksi dengan pihak-pihak berelasi, terutama engages in transactions with related parties,
meliputi transaksi-transaksi keuangan. primarily consisting of financial transactions.

Di bawah ini adalah ikhtisar pihak-pihak berelasi The following is a summary of related parties who
yang bertransaksi dengan Bank, termasuk sifat have transactions with the Bank, and includes
hubungan dan sifat transaksinya : the nature of the relationship and transaction:

a. Jenis hubungan dan unsur transaksi a. Type of relationships and related parties
berelasi transactions
Pihak berelasi/ Jenis hubungan/ Unsur transaksi pihak berelasi/
Related parties Nature of relationships Related parties transactions
PT Bank BTPN Tbk (”BTPN”) Induk perusahaan/ Giro pada bank lain / Current accounts
Parent company with other banks.
Direktur, Komisaris dan pejabat Personil manajemen kunci/ Tabungan mudharabah, deposito
eksekutif/Directors, Commissioners Key management personnel mudharabah, gaji pokok, honorarium,
and executive employees bonus, tantiem, tunjangan lainnya
dan imbalan pascakerja, imbalan
jangka panjang lainnya/Mudharabah
saving deposits, mudharabah time
deposits, basic salary, honorarium,
bonus, tantiem, other allowances and
post-employment benefits, other
long-term employee benefits.

Personil manajemen kunci adalah orang-orang Key management personnel are those people
yang mempunyai kewenangan dan tanggung who have the authority and responsibility to
jawab untuk merencanakan, memimpin dan plan, lead and control activities of the Bank,
mengendalikan aktivitas Bank, secara directly or indirectly. Key management
langsung atau tidak langsung, termasuk personnel are the Directors and 377
Direktur dan Komisaris dan pejabat eksekutif Commissioners and executive employees of
dari Bank sesuai dengan peraturan Bank the Bank according to Bank Indonesia
Indonesia. regulation.
Saldo dan rincian transaksi dengan pihak The outstanding balances and detail
berelasi adalah sebagai berikut: transactions with related parties were as
follows:
2019 2018
Aset Assets
Giro pada bank lain Current accounts with other banks
(Catatan 7) (Note 7)
PT Bank Tabungan Pensiunan PT Bank Tabungan Pensiunan
Nasional Tbk 24,395 27,490 Nasional Tbk

Persentase terhadap jumlah aset 0.16% 0.23% Percentage to total assets

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Liabilitas Liabilities
Simpanan nasabah 522 - Deposits from customers

Persentase terhadap jumlah liabilitas 0.02% - Percentage to total liabilities

Dana syirkah temporer Temporary syirkah funds
Tabungan mudharabah (Catatan 22) Mudharabah saving deposits (Note 22)
Personil manajemen kunci 250 594 Key management personnel
Deposito mudharabah (Catatan 23) Mudharabah time deposits (Note 23)
Personil manajemen kunci 17,484 6,232 Key management personnel
Jumlah dana syirkah temporer dari Total temporary syirkah funds from
pihak-pihak berelasi 17,734 6,826 related parties
Persentase terhadap jumlah dana 0.24% 0.11% Percentage to total temporary
syirkah temporer syirkah funds
Hak pihak ketiga atas bagi hasil dana Third parties’ shares on return of
syirkah temporer temporary syirkah funds
Tabungan 8 13 Saving accounts
Deposito berjangka 808 483 Time deposits
Jumlah 816 496 Total
Persentase terhadap jumlah hak Percentage to third parties’
pihak ketiga atas bagi hasil dana shares on temporary syirkah
syirkah temporer 0.16% 0.13% funds

64
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

38. TRANSAKSI DENGAN PIHAK BERELASI 38. RELATED PARTY TRANSACTIONS

(lanjutan) (continued)
b. Transaksi dengan pihak berelasi (lanjutan) b. Related party transactions (continued)
Kompensasi yang dibayar atau terutang The compensation paid or payable to key
pada personil manajemen kunci adalah management personnel was as follows:
sebagai berikut:
2019
Personil manajemen
kunci lainnya/
Direksi/ Dewan Komisaris/ Other key
Board of Directors Board of Commissioners management personnel
% *)
Rp %*) Rp % *)
Rp

Salaries and other short-

Gaji dan imbalan karyawan term employee
jangka pendek lainnya 5.57% 61,192 0.99% 10,929 5.71% 62,781 benefits
Liabilitas imbalan pascakerja Net post-employment
bersih - - - - 0.12% 1,368 benefits liabilities
Imbalan jangka panjang lainnya - - - - 0.04% 445 Other long term-benefits

Jumlah 5.57% 61,192 0.99% 10,929 5.87% 64,594 Total

*) % terhadap beban kepegawaian *) % to total personnel expenses *)

2018
Personil manajemen
kunci lainnya/
Direksi/ Dewan Komisaris/ Other key
Board of Directors Board of Commissioners management personnel
%*) Rp %*) Rp %*) Rp

Salaries and other short-

Gaji dan imbalan karyawan term employee
jangka pendek lainnya 5.34% 48,010 0.93% 8,372 5.05% 45,351 benefits
Kewajiban imbalan pascakerja Net post-employment
bersih - - - - 0.02% 203 benefits liabilities
Imbalan jangka panjang lainnya - - - - 0.04% 369 Other long term-benefits
378
Jumlah 5.34% 48,010 0.93% 8,372 5.11% 45,923 Total
*) % terhadap beban kepegawaian *) % to total personnel expenses

39. ANALISIS JATUH TEMPO 39. MATURITY ANALYSIS

Jatuh tempo aset dan liabilitas pada tanggal The maturity of assets and liabilities as of
31 Desember 2019 dan 2018 berdasarkan 31 December 2019 and 2018 based on the
periode yang tersisa sampai dengan tanggal remaining period to maturity date was as
jatuh tempo adalah sebagai berikut: follows:
2019
Lebih dari 1
bulan hingga Lebih dari
3 bulan/ More 3 bulan hingga Lebih dari
Tidak ada than 1 month 1 tahun/ More 1 tahun/
jatuh tempo/ Hingga 1 bulan/ up to 3 than 3 months More than Jumlah/
No maturity Up to 1 month months up to 1 year 1 year Total
Aset Assets
Kas 711,333) -) -) - - 711,333) Cash

Current accounts and

Giro dan penempatan pada placements with
Bank Indonesia 458,402) 1,027,879) 504,069) 1,192,062 - 3,182,412) Bank Indonesia
Current accounts with
Giro pada bank lain 37,867) -) -) - - 37,867) other banks

Investasi pada surat Investments in marketable

berharga -) 792,495) 483,017) 60,343 750,734 2,086,589) securities
Piutang murabahah -) 116,592) 453,083) 6,172,100 2,317,391 9,059,166) Murabahah receivables
Pinjaman qardh -) -) -) 784 96 880) Funds of qardh
Piutang musyarakah -) -) -) 24,129 5,000 29,129) Musyarakah receivables
Beban dibayar dimuka 93,628) -) -) -
- 93,628) Prepayments
Aset tetap 209,550) -) -) -
- 209,550) Fixed assets
Aset tidak berwujud 66,794) -) -) - - 66,794) Intangible assets
Aset pajak tangguhan 144,875) -) -) -
- 144,875) Deferred tax assets
Aset lain-lain 46,290) 45 -) 410 6,189 52,934 ) Other assets

Jumlah aset, sebelum Total assets, before

cadangan kerugian allowance for
penurunan 1,768,739) 1,937,011) 1,440,169) 7,449,828 3,079,410 15,675,157) impairment losses
Cadangan kerugian Allowance for impairment
penurunan nilai (292,119) losses
Jumlah aset, setelah Total assets, after
cadangan kerugian 15,383,038) allowance for
penurunan nilai impairment losses

65
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

39. ANALISIS JATUH TEMPO (Lanjutan) 39. MATURITY ANALYSIS (Continued)

2019
Lebih dari 1
bulan hingga Lebih dari
3 bulan/ More 3 bulan hingga Lebih dari
Tidak ada than 1 month 1 tahun/ More 1 tahun/
jatuh tempo/ Hingga 1 bulan/ up to 3 than 3 months More than Jumlah/
No maturity Up to 1 month months up to 1 year 1 year Total

Liabilitas Liabilities
Liabilitas segera -) 9,624) -) - - 9,624 Liabilities due immediately
Bagi hasil yang belum Undistributed revenue
dibagikan -) 14,473) 6,294) 1,094 - 21,861 sharing
Simpanan nasabah 1,895,885) -) -) - - 1,895,885 Deposits from customers
Utang pajak -) 16,417) -) 58,166 - 74,583 Taxes payable
Liabilitas lain-lain 22,123) 3,471) 16,011) - - 41,605 Other liabilities
Akrual 184,841) -) -) - - 184,841 Accruals
Liabilitas imbalan kerja Employee benefits
karyawan 36,612) 47,890) -) 126,153 - 210,655 liabilities

Jumlah Liabilitas 2,139,461) 91,875) 22,305) 185,413 - 2,439,054 Total Liabilities

Temporary syirkah
Dana syirkah temporer funds
Mudharabah saving
Tabungan mudharabah 104,878) -) -) - - 104,878 deposits
Deposito mudharabah -) 5,298,489) 1,847,295) 299,992 10 7,445,786 Mudharabah time deposits

Jumlah dana syirkah Total temporary syirkah

temporer 104,878) 5,298,489) 1,847,295) 299,992 10 7,550,664 funds

Aset (liabilitas)-bersih,
sebelum cadangan Assets (liabilities)-net,
kerugian penurunan before allowance for
(475,600) (3,453,353) (429,431) 6,964,423 3,079,400 5,685,439
nilai impairment losses

Aset bersih, setelah Net assets, after

cadangan kerugian allowance for
5,393,320
penurunan nilai impairment losses

2018
Lebih dari 1 Lebih dari
Hingga bulan hingga 3 bulan hingga Lebih dari 379
Tidak ada 1 bulan/ 3 bulan/ More 1 tahun/ More 1 tahun/
jatuh tempo/ Up to 1 than 1 month than 3 months More than Jumlah/
No maturity month up to 3 months up to 1 year 1 year Total
Aset Assets
Kas 415,583 - - - - 415,583) Cash

Current accounts and

Giro dan penempatan pada placements with
Bank Indonesia 398,552 1,356,999 - 913,438 - 2,668,989) Bank Indonesia

Current accounts with

Giro pada bank lain 42,465 - - - - 42,465) other banks
Penempatan pada bank Placements with other
lain - 275,000 - - - 275,000) banks

Investasi pada surat Investments in marketable

berharga - 693,303 2,133 87,272 255,342 1,038,050) securities
Piutang murabahah - 182,871 367,543 4,855,158 1,953,578 7,359,150) Murabahah receivables
Pinjaman qardh - - - 11 141 152) Funds of qardh
Beban dibayar dimuka 89,362 - - - - 89,362) Prepayments
Aset tetap 176,801 - - - - 176,801) Fixed assets
Aset tak berwujud 45,734 - - - - 45,734) Intangible assets

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Aset pajak tangguhan 99,584 - - - - 99,584) Deferred tax assets
Aset lain-lain 35,852 4,124 92 110 4,176 44,354) Other assets

Jumlah aset, sebelum Total assets, before

cadangan kerugian allowance for
penurunan nilai 1,303,933 2,512,297 369,768 5,855,989 2,213,237 12,255,224) impairment losses

Cadangan kerugian Allowance for impairment

penurunan nilai (215,949) losses
Jumlah aset, setelah Total assets, after
cadangan kerugian 12,039,275) allowance for
penurunan nilai impairment losses

Liabilitas Liabilities
Liabilitas segera - 3,199 - - - 3,199) Liabilities due immediately
Bagi hasil yang belum Undistributed revenue
dibagikan - 12,737 3,923 375 - 17,035) sharing
Simpanan nasabah 1,619,254 - - - - 1,619,254) Deposits from customers
Utang pajak - 42,455 - 63,989 - 106,444) Taxes payable
Liabilitas lain-lain 17,127 2,468 8,734 - - 28,329) Other liabilities
Akrual 128,799 - - - - 128,799) Accruals
Liabilitas imbalan kerja Employee benefits
karyawan 63,478 - - 82,945 - 146,423) liabilities
) )
Jumlah Liabilitas 1,828,658 60,859 12,657 147,309 - 2,049,483) Total Liabilities

66
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

39. ANALISIS JATUH TEMPO (Lanjutan) 39. MATURITY ANALYSIS (Continued)

2018
Lebih dari 1
bulan sampai Lebih dari
dengan 3 bulan sampai
Sampai 3 bulan/ More dengan Lebih dari
Tidak ada dengan 1 than 1 month 1 tahun/ More 1 tahun/
jatuh tempo/ bulan/ up to 3 than 3 months More than Jumlah/
No maturity Up to 1 month months up to 1 year 1 year Total
Temporary syirkah
Dana syirkah temporer funds
Mudharabah saving
Tabungan mudharabah 114,382) -) -) - - 114,382 deposits
Deposito mudharabah -) 4,108,910) 1,658,085) 111,463 20 5,878,478 Mudharabah time deposits

Jumlah dana syirkah Total temporary syirkah

temporer 114,382) 4,108,910) 1,658,085) 111,463 20 5,992,860 funds

Aset (liabilitas)-bersih,
sebelum cadangan Assets (liabilities)-net,
kerugian penurunan before allowance for
(639,107) (1,657,472) (1,300,974) 5,597,217 2,213,217 4,212,881
nilai impairment losses

Aset bersih, setelah Net assets, after

cadangan kerugian allowance for
3,996,932
penurunan nilai impairment losses

40. SEGMEN OPERASI 40. OPERATING SEGMENT

Pembuat keputusan operasional adalah Direksi. The chief operating decision-maker is the Board
Direksi melakukan penelaahan terhadap laporan of Directors. The Board reviews the Bank’s
internal Bank untuk menilai kinerja dan internal reporting in order to assess
mengalokasikan sumber daya dimana dengan performance and allocate resources, where
laporan internal tersebut manajemen using related report, the Bank’s determined
menentukan operasi segmen. Bank operating segment. The bank operates their
mengoperasikan dan mengelola bisnis dalam business in one segment, financing using
satu segmen, yaitu pemberian pembiayaan murabahah contract for productive poor
380 dengan akad murabahah untuk masyarakat community. The Bank’s segment information
prasejahtera produktif. Informasi segmen Bank based on geographical area are as follows:
berdasarkan wilayah geografis adalah sebagai
berikut:
2019

Bali & Nusa Kalimantan & Jumlah/

Jawa Tenggara Sumatera Sulawesi Total
Laporan Laba Rugi dan
Penghasilan Komprehensif Statements of Profit or Loss and
Lain Other Comprehensive Income
Pendapatan pengelolaan dana Income from fund management by
oleh Bank sebagai mudharib the Bank as mudharib

Pendapatan dari jual beli - Income from sales and

marjin murabahah 2,960,550) 127,965) 951,259) 163,520) 4,203,294) purchases - murabahah margin

Pendapatan bagi hasil - Revenue from profit sharing -

pembiayaan musyarakah 1,045) -) -) -) 1,045) musyarakah financing

Pendapatan usaha utama

lainnya 253,013) - -) -) 253,013) Other main operating income
3,214,608) 127,965) 951,259) 163,520) 4,457,352)
Hak pihak ketiga atas bagi hasil Third parties' shares on return of
dana syirkah temporer (463,207) (7,046) (43,373) (9,961) (523,587) temporary syirkah funds

Hak bagi hasil milik Bank 2,751,401) 120,919) 907,886) 153,559) 3,933,765) Bank’s share in profit sharing

Beban kepegawaian (936,797) (17,792) (115,030) (29,406) (1,099,025) Personnel expenses

General and administrative
Beban umum dan administrasi (484,340) (9,860) (50,581) (16,647) (561,428) expenses

Pembentukan cadangan kerugian Provision for allowance for

penurunan nilai aset produktif impairment losses on earning and
dan non-produktif (235,478) 96) (47,987) (26,033) (309,402) non-earning assets

Pendapatan operasional lainnya 13,340) 780) 2,123) 1,499) 17,742) Other operating income

Beban operasional lainnya (93,602) (1,272) (3,513) (2,201) (100,588) Other operating expenses

Beban non-operasional - bersih (1,970) (16) (777) (52) (2,815) Non-operating expense - net

Laba sebelum pajak

1,012,554) 92,855) 692,121) 80,719) 1,878,249)
penghasilan Income before tax

67
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

40. SEGMEN OPERASI (lanjutan) 40. OPERATING SEGMENT (continued)

2019

Bali & Nusa Kalimantan & Jumlah/

Jawa Tenggara Sumatera Sulawesi Total
Laporan Posisi Keuangan Statements of Financial Position

Aset Assets
Kas 538,296 25,504 117,103 30,430 711,333 Cash
Giro dan penempatan pada Bank Current accounts and placements
Indonesia 3,182,412 - - - 3,182,412 with Bank Indonesia
Giro dan penempatan pada bank Current accounts and placements
lain 37,867 - - - 37,867 with other banks
Investments in marketable
Investasi pada surat berharga 2,086,589 - - - 2,086,589 securities
Piutang murabahah - bersih 6,143,162 284,322 2,005,607 334,255 8,767,346 Murabahah receivables - net
Pembiayaan musyarakah - bersih 28,838 - - - 28,838 Musyarakah financing - net
Lainnya 498,102 7,920 47,439 15,192 568,653 Others

12,515,266 317,746 2,170,149 379,877 15,383,038

Jumlah aset Total assets

Liabilities
Liabilitas
Simpanan nasabah 1,331,813 66,871 425,837 71,364 1,895,885 Deposits from customer
Lainnya 536,486 604 4,777 1,302 543,169 Others

1,868,299 67,475 430,614 72,666 2,439,054 Total liabilities

Jumlah liabilitas

Dana syirkah temporer Temporary syirkah funds

Tabungan mudharabah 75,847 1,629 10,551 16,851 104,878 Mudharabah saving deposits
Deposito mudharabah 6,598,183 80,021 634,694 132,888 7,445,786 Mudharabah time deposits

6,674,030 81,650 645,245 149,739 7,550,664

Jumlah dana syirkah temporer Total temporary syirkah funds

2018

Bali & Nusa Kalimantan & Jumlah/ 381

Jawa Tenggara Sumatera Sulawesi Total
Laporan Laba Rugi dan
Penghasilan Komprehensif Statements of Profit or Loss and
lain Other Comprehensive Income
Pendapatan pengelolaan dana Income from fund management by
oleh Bank sebagai mudharib the Bank as Mudharib

Pendapatan dari jual beli - Income from sales and

marjin murabahah 2,361,840) 92,353) 721,632) 127,666) 3,303,491) purchases - murabahah margin

Pembiayaan musyarakah -
bersih -) -) -) -) -) Musyarakah financing - net

Pendapatan usaha utama

lainnya 143,775) -) -) -) 143,775) Other main operating income
2,505,615) 92,353) 721,632) 127,666) 3,447,266)
Hak pihak ketiga atas bagi hasil

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Third parties' shares on return of
dana syirkah temporer (326,060) (6,792) (28,568) (6,252) (367,672) temporary syirkah funds

Hak bagi hasil milik Bank 2,179,555) 85,561) 693,064) 121,414) 3,079,594) Bank’s share in profit sharing

Beban kepegawaian (761,812) (15,527) (97,789) (24,020) (899,148) Personnel expenses

General and administrative
Beban umum dan administrasi (447,485) (11,467) (60,208) (17,435) (536,595) expenses

Pembentukan cadangan kerugian Provision for allowance for

penurunan nilai aset produktif impairment losses on earning
dan non-produktif (167,648) (23,787) (69,365) (15,102) (275,902) and non-earning assets

Pendapatan operasional lainnya 9,695) 647) 1,848) 959) 13,149) Other operating income

Beban operasional lainnya (62,004) (2,325) (11,439) (2,781) (78,549) Other operating expenses

Beban non-operasional - bersih (3,419) (25) (71) (15) (3,530) Non-operating expense - net

Laba sebelum pajak penghasilan 746,882) 33,077) 456,040) 63,020) 1,299,019) Income before tax

68
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

40. SEGMEN OPERASI (lanjutan) 40. OPERATING SEGMENT (continued)

2018
Kalimantan/
Jawa/ Bali & Nusa Borneo & Jumlah/
Java Tenggara Sumatera Sulawesi Total
Laporan Posisi Keuangan Statements of Financial Position

Aset Assets
Kas 303,619 13,317 85,386 13,261 415,583 Cash
Giro dan penempatan pada Bank Current accounts and placement
Indonesia 2,668,989 - - - 2,668,989 with Bank Indonesia
Current accounts and placement
Giro dan penempatan pada bank lain 317,465 - - - 317,465 with other banks
Investments in marketable
Investasi pada surat berharga 1,038,050 - - - 1,038,050 securities
Piutang murabahah - bersih 5,083,490 229,905 1,559,447 270,359 7,143,201 Murabahah receivables - net
Lainnnya 401,460 5,935 38,252 10,340 455,987 Others

9,813,073 249,157 1,683,085 293,960 12,039,275

Jumlah aset Total assets

Liabilities
Liabilitas
Simpanan nasabah 1,161,456 78,501 323,426 55,871 1,619,254 Deposits from customer
Lainnya 426,560 517 2,368 784 430,229 Others

Total liabilities
Jumlah liabilitas 1,588,016 79,018 325,794 56,655 2,049,483
Dana syirkah temporer Temporary syirkah funds
Tabungan mudharabah 73,399 8,311 13,598 19,074 114,382 Mudharabah saving deposits
Deposito mudharabah 5,224,418 85,616 473,302 95,142 5,878,478 Mudharabah time deposits

Jumlah dana syirkah temporer 5,297,817 93,927 486,900 114,216 5,992,860 Total temporary syirkah funds

41. ASET KEUANGAN DAN LIABILITAS 41. FINANCIAL ASSETS AND FINANCIAL
KEUANGAN LIABILITIES
Nilai wajar instrumen keuangan Fair values of financial instruments
382 Nilai wajar aset keuangan dan liabilitas keuangan The fair values of financial assets and
yang diperdagangkan di pasar aktif didasarkan financial liabilities that are traded in active
pada kuotasian harga pasar atau harga dealer. markets are based on quoted market prices
Untuk semua instrumen keuangan lainnya, Bank or dealer price quotations. For all other
menentukan nilai wajar dengan menggunakan financial instruments, the Bank determines
teknik penilaian lainnya. fair values using other valuation techniques.

Untuk instrumen keuangan yang jarang For financial instruments that trade
diperdagangkan dan sedikit memiliki transparansi infrequently and have little price transparency,
harga, nilai wajar menjadi kurang obyektif, dan fair values is less objective, and requires
membutuhkan berbagai tingkat pertimbangan varying degrees of judgment depending on
tergantung pada likuiditas, konsentrasi, liquidity, concentration, uncertainty of market
ketidakpastian faktor pasar, asumsi harga dan factors, pricing assumptions and other risks
risiko lainnya yang mempengaruhi instrumen affecting the specific instrument.
tertentu.
Model Penilaian Valuation Models
Bank mengukur nilai wajar dengan menggunakan The Bank measures fair values using the
hirarki dari metode berikut: following hierarchy of methods:

 Level 1: input yang berasal dari harga  Level 1: inputs that are quoted prices
kuotasian (tanpa penyesuaian) di pasar aktif (unadjusted) in active markets for identical
untuk instrumen yang identik yang dapat instruments that the Bank can access at
diakses Bank pada tanggal pengukuran. the measurement date.

 Level 2: input selain harga kuotasian yang  Level 2: inputs other than quoted prices
termasuk dalam level 1 yang dapat included within level 1 that are
diobservasi, baik secara langsung atau tidak observable, either directly or indirectly.
langsung. Dalam kategori ini termasuk This category includes instruments valued
instrumen yang dinilai dengan menggunakan: using: quoted market prices in active
harga kuotasian untuk instrumen yang serupa markets for similar instruments; quoted
di pasar aktif; harga kuotasian untuk prices for identical or similar instruments
instrumen yang identik atau yang serupa di in markets that are not active; or other
pasar yang tidak aktif; atau teknik penilaian valuation techniques in which all
lainnya dimana seluruh input signifikan dapat significant inputs are directly or indirectly
diobservasi secara langsung maupun tidak observable from market data.
langsung dari data pasar.

69
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

41. ASET KEUANGAN DAN LIABILITAS 41. FINANCIAL ASSETS AND FINANCIAL
KEUANGAN (lanjutan) LIABILITIES (continued)

Model Penilaian (lanjutan) Valuation Models (continued)

 Level 3: input yang tidak dapat diobservasi.  Level 3: inputs that are unobservable.
Dalam kategori ini termasuk semua instrumen This category includes all instruments for
dimana teknik penilaian menggunakan input which the valuation technique includes
yang tidak dapat diobservasi dan input yang inputs not based on observable data and
tidak dapat diobservasi ini memberikan the unobservable inputs have a significant
dampak signifikan terhadap penilaian effect on the instrument’s valuation. This
instrumen. Termasuk dalam kategori ini category includes instruments that are
adalah instrumen yang dinilai berdasarkan valued based on quoted prices for similar
harga kuotasian untuk instrumen serupa yang instruments for which significant
memerlukan penyesuaian atau asumsi unobservable adjustments or assumptions
signifikan yang tidak dapat diobservasi untuk are required to reflect differences between
mencerminkan perbedaan diantara instrumen the instruments.
tersebut.

Nilai wajar instrumen keuangan Fair values of financial instruments

Teknik penilaian mencakup model nilai kini bersih Valuation techniques include net present
dan arus kas yang didiskontokan, perbandingan value and discounted cash flow models,
dengan instrumen sejenis yang harga pasarnya comparison with similar instruments for which
tersedia, serta dapat diobservasi, serta model market observable prices exist, and other
penilaian lainnya. Asumsi dan input yang valuation models. Assumptions and inputs
digunakan dalam teknik penilaian meliputi suku used in valuation techniques include risk-free
bunga bebas risiko (risk-free) dan suku bunga and benchmark interest rates and credit
acuan serta credit spreads yang digunakan untuk spreads used in estimating discount rates 383
mengestimasi tingkat diskonto dan harga surat and marketable securities prices.
berharga.

Tujuan dari teknik penilaian adalah untuk The objective of valuation techniques is to
pengukuran nilai wajar yang mencerminkan harga arrive at a fair value measurement that
yang akan diterima untuk menjual aset atau harga reflects the price that would be received to
yang akan dibayar untuk mengalihkan suatu sell the asset or paid to transfer the liability in
liabilitas dalam transaksi teratur (orderly an orderly transaction between market
transactions) antara pelaku pasar (market participants at the measurement date.
participants) pada tanggal pengukuran.

Pertimbangan dan estimasi manajemen biasanya Management judgment and estimation are
memerlukan pemilihan model yang sesuai untuk usually required for selection of the
digunakan, penentuan arus kas masa depan yang appropriate valuation model to be used,

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

diharapkan pada instrumen keuangan yang dinilai, determination of expected future cash flows
penentuan probabilitas kegagalan pihak lawan on the financial instrument being valued,
dan pembayaran dimuka dan pemilihan tingkat determination of the probability of
diskonto yang tepat. counterparty default and prepayments and
selection of appropriate discount rates.

Instrumen keuangan yang diukur pada nilai Financial instruments measured at fair
wajar value

Pada tanggal 31 Desember 2019 dan 2018, Bank As of 31 December 2019 and 2018, the Bank
memiliki aset keuangan berupa investasi dalam had financial assets in form of investments in
surat berharga dalam kelompok nilai wajar melalui marketable securities in fair value through
penghasilan komprehensif lain yang diukur pada other comprehensive income category which
nilai wajar masing-masing dengan nilai tercatat was measured at fair value with carrying
sebesar Rp 80.185 dan Rp 310.648, yang amount of Rp 80,185 and Rp 310,648,
seluruhnya dikelompokkan sebagai nilai wajar respectively, which all of them was classified
level 1. as level 1 fair value.

70
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

41. ASET KEUANGAN DAN LIABILITAS 41. FINANCIAL ASSETS AND FINANCIAL
KEUANGAN (lanjutan) LIABILITIES (continued)

Instrumen keuangan yang tidak diukur pada Financial instruments not measured at fair
nilai wajar (lanjutan) values (continued)

Tabel di bawah ini menunjukkan instrumen The table below show the financial
keuangan yang tidak diukur pada nilai wajar yang instruments not measured at fair value
dikelompokkan berdasarkan hirarki nilai wajar. grouped according to the fair value hierarchy.
2019
Nilai wajar/Fair value
Nilai tercatat/ Tingkat/ Tingkat/ Tingkat/
Carrying value Level 1 Level 2 Level 3

Aset keuangan Financial assets

Investasi pada surat berharga 1,991,568 1,876,454 159,185 - Investment in marketable securities
Piutang murabahah 8,969,565 - - 8,969,565 Murabahah receivables
Pinjaman qardh 880 - - 880 Funds of qardh
Pembiayaan musyarakah 29,129) - - 29,129 Musyarakah financing
10,991,142) 1,876,454 159,185 8,999,574

Liabilitas keuangan Financial liabilities

Simpanan nasabah Deposit from customers
- Giro wadiah 25,248 - 25,248 - Wadiah demand deposits -
- Tabungan wadiah 1,870,637 - 1,870,637 - Wadiah saving accounts -
1,895,885 - 1,895,885 -

2018
Nilai wajar/Fair value
Nilai tercatat/ Tingkat/ Tingkat/ Tingkat/
Carrying value Level 1 Level 2 Level 3

Aset keuangan Financial assets

Investasi pada surat berharga 720,041 331,079 380,000 - Investment in marketable securities
Piutang murabahah 7,277,011 - - 7,277,011 Murabahah receivables
Pinjaman qardh 152 - - 152 Funds of qardh
7,997,204 331,079 380,000 7,277,163
384
Liabilitas keuangan Financial liabilities
Simpanan nasabah Deposit from customers
- Giro wadiah 100,350 - 100,350 - Wadiah demand deposits -
- Tabungan wadiah 1,518,904 - 1,518,904 - Wadiah saving accounts -
1,619,254 - 1,619,254 -

Sebagian besar dari instrumen keuangan yang Majority of the financial instruments not
tidak diukur pada nilai wajar, diukur pada harga measured at fair value are measured at
perolehan. Tabel di bawah ini menyajikan daftar amortized cost. The following table lists those
instrumen keuangan yang nilai tercatatnya financial instruments for which their carrying
mendekati nilai wajarnya, contohnya, instrumen amount are reasonable approximation of fair
keuangan jangka pendek atau yang ditinjau ulang value because, for example, they are short
menggunakan harga pasar secara berkala. term in nature or re-price to current market
rates frequently.
Aset Keuangan: Financial Assets:
- Kas - Cash
- Giro dan penempatan pada Bank Indonesia - Current accounts and placements with Bank
Indonesia
- Giro pada bank lain - Current accounts with other banks
- Penempatan pada bank lain - Placements with other banks

Liabilitas Keuangan: Financial Liabilities:

- Liabilitas segera - Liabilities payable on demand
- Bagi hasil yang belum dihasilkan - Undistributed revenue sharing
- Akrual dan liabilitas lain-lain tertentu - Certain accruals and other liabilities

71
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

41. ASET KEUANGAN DAN LIABILITAS 41. FINANCIAL ASSETS AND FINANCIAL
KEUANGAN (lanjutan) LIABILITIES (continued)

Perhitungan nilai wajar dilakukan hanya untuk The fair values calculated are for disclosure
kepentingan pengungkapan dan tidak berdampak purposes only and do not have any impact on
pada pelaporan posisi atau kinerja keuangan the Bank reported financial performance or
Bank. Nilai wajar yang dihitung oleh Bank mungkin position. The fair values calculated by the
berbeda dengan jumlah aktual yang akan Bank may be different from the actual amount
diterima/dibayar pada saat penyelesaian atau that will be received/paid on the settlement or
jatuh tempo instrumen keuangan. Mengingat maturity of the financial instrument. As certain
kategori tertentu instrumen keuangan yang tidak categories of financial instruments are not
diperdagangkan, maka terdapat pertimbangan traded, there is management judgement
manajemen dalam perhitungan nilai wajar. involved in calculating the fair values.

42. MANAJEMEN RISIKO 42. RISK MANAGEMENT

Kerangka manajemen risiko Risk management framework

Pengembangan manajemen risiko di Bank Risk management development in the Bank is

berpedoman pada Peraturan OJK No. based on the regulation from OJK
65/POJK.03/2016 tentang Penerapan No. 65/POJK.03/2016 regarding the
Manajemen Risiko bagi Bank Umum Syariah dan Implementation of Risk Management for Sharia
Unit Usaha Syariah. Banks and Sharia Unit Business.

Penerapan manajemen risiko mencakup: Implementation of risk management includes:

 Pengawasan aktif Dewan Komisaris, Direksi  Active supervision from Board of
dan Dewan Pengawas Syariah Commissioners, Board of Directors and
Sharia Supervisory Board
 Kecukupan kebijakan, prosedur dan  Adequacy of policy, procedure and risk
penetapan limit risiko appettite 385
 Kecukupan proses identifikasi, pengukuran,  Adequate process of risk identification,
pemantauan dan pengendalian risiko serta measurement, monitoring and control, and
manajemen risiko sistem informasi information system risk management
 Pengendalian internal yang menyeluruh  Comprehensive internal controls

Organisasi manajemen risiko Bank melibatkan The Bank’s risk management organisation
pengawasan dari Dewan Komisaris dan Direksi. involves the oversight from the Board of
Bank telah membentuk Komite Pemantauan Commissioners and Board of Directors. The
Risiko sebagai pengawas tertinggi di tingkat Bank has established Risk Monitoring
komisaris. Di tingkat direksi telah dibentuk Committee as the highest risk authority in the
Komite Manajemen Risiko yang merupakan commissioner level. At the director level, a Risk
bagian yang sangat penting dalam pengendalian Management Committee has been established
risiko, yang memantau seluruh risiko yang which constitutes a crucial element in risk
terdapat pada kegiatan operasional Bank. control, to monitor all of the risks in the Bank’s

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

operating activities.

Komite Audit memiliki tanggung jawab untuk Audit Committee is responsible for monitoring
memantau dan mengevaluasi rencana audit dan and evaluating the audit plan and its
pelaksanaannya, serta memastikan pelaksanaan implementation, also ensuring the execution of
rencana tindak lanjut dari hasil audit. Dalam audit recommendation. In carrying out their
menjalankan fungsinya, Komite Audit dibantu oleh function, Audit Committee is assisted by
Satuan Kerja Internal Audit. Internal Audit Division.

Risiko yang dianggap signifikan oleh Bank Bank considers credit risk, liquidity risk, market
diantaranya adalah risiko kredit, risiko likuiditas, risk, and operational risk as significant.
risiko pasar, dan risiko operasional.

72
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

42. MANAJEMEN RISIKO (lanjutan) 42. RISK MANAGEMENT (continued)

Risiko kredit Credit risk

Risiko kredit adalah risiko akibat kegagalan Credit risk arises from customers’ or other
nasabah atau pihak lain dalam memenuhi parties’ failure to fulfill their obligations
kewajiban kepada Bank sesuai dengan perjanjian according to the contracts with the Bank. Credit
yang disepakati. Risiko kredit terutama berasal risk arises mainly from sharia
dari pembiayaan/piutang syariah. financing/receivables.

Tujuan pengelolaan risiko kredit Bank selain The objectives of managing the Bank’s credit
untuk memenuhi persyaratan-persyaratan yang risk besides meeting the requirements set by
telah ditetapkan oleh peraturan Bank Bank Indonesia/OJK regulation, also to manage
Indonesia/OJK juga untuk mengelola risiko kredit credit risk itself so that the possibility of losses
itu sendiri sehingga diharapkan kemungkinan from default financing facilities and other
kerugian dari tidak dibayarnya pembiayaan yang financial contracts is maintained at the minimum
diberikan dan kontrak keuangan lainnya level, both in an individual and overall financing
seminimal mungkin, baik pada tingkat individual portfolio level.
maupun portofolio pembiayaan secara
keseluruhan.

Bank telah menyusun kebijakan dan prosedur The Bank has prepared financing policies and
pembiayaan tertulis. Kebijakan dan prosedur procedures. These policies and procedures
tersebut memberikan pedoman secara lengkap provide comprehensive and detail guidance
dan terperinci atas kegiatan manajemen regarding financing management activities from
pembiayaan dari saat pengajuan pembiayaan, financing application, analysis process,
proses analisis, persetujuan, pemantauan, approval, monitoring, documentation, control
pendokumentasian, pengendalian dan and recovery/restructuring process. In order to
penyelamatan/restrukturisasi. Dalam rangka support prudent financing process, the Bank
386 mendukung proses pemberian pembiayaan yang conducts review and improvement on financing
lebih hati-hati, Bank melakukan penelaahan dan policies periodically in accordance with current
penyempurnaan kebijakan pembiayaan secara business development.
periodik sesuai dengan perkembangan bisnis
terkini.

(i) Pengelolaan risiko kredit (i) Credit risk management

Melakukan kaji ulang atas kebijakan Review of the financing policies

pembiayaan secara periodik, terutama jika periodically, especially if there are
terdapat perubahan kondisi perekonomian, changes in market conditions, regulations
perubahan peraturan dan/atau pendekatan and/or business approaches.
bisnis.

Batas pemberian pembiayaan/piutang Lending limits for sharia

syariah ditetapkan dan ditelaah mengikuti financing/receivables are set and reviewed
perubahan pada kondisi pasar dan following charges in market and economic
ekonomi. Telaahan pembiayaan/piutang conditions. Periodic review on sharia
syariah secara periodik dan penilaian atas financing/receivables and assessments of
kemungkinan wanprestasi juga dilakukan. probability of default are also conducted.
Proses persetujuan pembiayaan dilakukan Financing approval process is done
melalui komite persetujuan pembiayaan. through financing approval committee.

Bank juga dengan ketat memantau The Bank also closely monitors the
perkembangan portofolio pembiayaan development of its financing portfolios to
sehingga memungkinkan Bank untuk enable the Bank initiate a timely
melakukan tindakan pencegahan secara preventive action when there is a
tepat waktu apabila terjadi penurunan deterioration in financing quality by
kualitas pembiayaan salah satunya dengan conducting early warning detection and
melakukan deteksi dini permasalahan dan disciplined monitoring.
pemantauan yang disiplin.

73
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

42. MANAJEMEN RISIKO (lanjutan) 42. RISK MANAGEMENT (continued)

Risiko kredit (lanjutan) Credit risk (continued)

(i) Pengelolaan risiko kredit (lanjutan) (i) Credit risk management (continued)

Bank terus melanjutkan untuk mengelola The Bank continued to actively manage
dan mengawasi secara aktif kualitas and monitor the financing portfolio quality
portofolio pembiayaan dengan cara by improving credit risk management
meningkatkan kebijakan manajemen risiko policies effectively and improving
kredit secara efektif dan penyempurnaan procedures and systems development.
prosedur dan pengembangan sistem.

Sistem Informasi Manajemen telah tersedia Management Information System (MIS) is

dan mencakup tingkat yang cukup rinci available and covers sufficient level of
untuk mendeteksi setiap perkembangan detail to detect any adverse development
yang kurang baik sedini mungkin sehingga at an early stage, allowing for timely
memungkinkan dilakukannya tindakan measures to be taken to counteract any
secara tepat waktu atas penurunan kualitas possible deterioration in financing credit
pembiayaan atau untuk meminimalisasi quality or to minimise credit losses.
kerugian kredit.

(ii) Eksposur maksimum terhadap risiko kredit (ii) Maximum exposure to credit risk

Eksposur maksimum risiko kredit Maximum exposure to credit risk is

diungkapkan setelah cadangan kerugian disclosed net after allowance for
penurunan nilai tanpa memperhitungkan impairment losses without considering
agunan dan pendukung lainnya. collateral held or other enhancements.

Eksposur risiko kredit terhadap aset pada Credit risk exposures on asset in the 387
laporan posisi keuangan pada tanggal statements of financial position assets as
31 Desember 2019 dan 2018 adalah of 31 December 2019 and 2018 were as
sebagai berikut: follows:
Eksposur maksimum/
Maximum exposure
2019 2018

Giro dan penempatan pada Current accounts and placements with

Bank Indonesia 3,182,412 2,668,989 Bank Indonesia
Giro pada bank lain 37,867 42,465 Current accounts with other banks
Penempatan pada bank lain - 275,000 Placements with other banks
Investasi pada surat berharga 2,086,589 1,038,050 Investments in marketable securities
Piutang murabahah - bersih 8,767,346 7,143,201 Murabahah receivables - net
Pinjaman qardh - bersih 872 152 Funds of qardh - net
Pembiayaan musyarakah - bersih 28,838 - Musyarakah financing - net
Aset lain-lain 23,272 24,769 Other assets

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

14,127,196 11,192,626

Pada tanggal 31 Desember 2019 dan 2018, As of 31 December 2019 and 2018, there
tidak ada fasilitas piutang murabahah were no unused murabahah receivables
kepada nasabah yang belum ditarik – facilities granted – committed. As such,
committed. Sebagai akibatnya, tidak there were no credit risk exposures
terdapat risiko kredit terhadap rekening related to off-balance sheet items.
administratif.

Risiko konsentrasi kredit Concentration of credit risk

Bank mengelola dan mengendalikan The Bank manages and controls

konsentrasi risiko kredit ketika risiko concentrations of credit risk when they are
tersebut teridentifikasi secara khusus, identified in particular, to individual and
terhadap debitur individu dan kelompok. group of debtors.

Bank menentukan tingkat risiko kredit yang The Bank determines the levels of credit
dimiliki dengan menetapkan batas jumlah risk by placing limits on the amount of risk
risiko yang bisa diterima yang terkait accepted in relation to one debtor or
dengan satu debitur atau kelompok debitur. group of debtors.

74
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

42. MANAJEMEN RISIKO (lanjutan) 42. RISK MANAGEMENT (continued)

Risiko kredit (lanjutan) Credit risk (continued)

(ii) Eksposur maksimum terhadap risiko kredit (ii) Maximum exposure to credit risk
(lanjutan) (continued)
Risiko konsentrasi kredit (lanjutan) Concentration of credit risk (continued)
Tabel berikut ini menggambarkan rincian The following table breaks down the
eksposur pembiayaan Bank pada nilai Bank’s financing exposure at carrying
tercatat, yang dikategorikan berdasarkan amounts, as categorised by industry
sektor industri. sectors.
2019
Pemerintah
dan Bank
Indonesia/ Lembaga
Government keuangan/ Jasa/
and Bank Financial Perdagangan/ Business Perindustrian/ Lain-lain/ Jumlah/
Indonesia institution Trading Services Manufacturing Others Total

Current accounts and

Giro dan penempatan placements with Bank
pada Bank Indonesia 3,182,412 - - - - - 3,182,412 Indonesia
Current accounts with
Giro pada bank lain - 37,867 - - - - 37,867 other banks
Penempatan pada Bank Placements with other
lain - - - - - - - banks
Investasi pada surat Investments in marketable
berharga 1,913,270 173,319 - - - - 2,086,589 Securities
Piutang murabahah - Murabahah receivables -
bersih - - 6,876,378 847,384 332,010 711,574 8,767,346 net
Pinjaman qardh - bersih - 802 - - - 70 872 Funds of qardh - net
Pembiayaan musyarakah - Musyarakah financing -
bersih - 28,838 - - - - 28,838 net
Aset lain-lain - 45 - - - 23,227 23,272 Other assets
5,095,682 240,871 6,876,378 847,384 332,010 734,871 14,127,196

2018
Pemerintah
dan Bank
Indonesia/ Lembaga
Government keuangan/ Jasa/
and Bank Financial Perdagangan/ Business Perindustrian/ Lain-lain/ Jumlah/
Indonesia institution Trading Services Manufacturing Others Total

388 Current accounts and

Giro dan penempatan placements with Bank
pada Bank Indonesia 2,668,989 - - - - - 2,668,989 Indonesia
Current accounts with
Giro pada bank lain - 42,465 - - - - 42,465 other banks
Penempatan pada Bank Placements with other
lain - 275,000 - - - - 275,000 banks
Investasi pada surat Investments in marketable
berharga 761,767 276,283 - - - - 1,038,050 Securities
Piutang murabahah - Murabahah receivables -
bersih - - 6,089,809 307,625 209,852 535,915 7,143,201 net
Pinjaman qardh - bersih - - - - - 152 152 Funds of qardh - net
Pembiayaan musyarakah – Musyarakah financing -
bersih - - - - - - - net
Aset lain-lain - 62 - - - 24,707 24,769 Other assets
3,430,756 593,810 6,089,809 307,625 209,852 560,774 11,192,626

Pembiayaan/piutang syariah pada sektor Sharia financing/receivables in sector

”Lain-lain” terutama terdiri dari pembiayaan “Others” mostly consist of sharia
untuk sektor pertanian. financing/receivables for agriculture.
(iii) Analisa risiko kredit (iii) Credit Risk Analysis
Tabel berikut ini menyajikan aset Bank yang The following table presents the Bank’s
memiliki penurunan nilai, yang telah jatuh impaired, past due but no impaired, and
tempo tetapi tidak mengalami penurunan neither past due nor impaired assets.
nilai, serta yang belum jatuh tempo atau
tidak mengalami penurunan nilai.
2019

Belum jatuh tempo atau tidak

mengalami penurunan Telah jatuh tempo tetapi tidak
nilai/Neither past due nor mengalami penurunan nilai/Past due but
impaired not impaired
Pernah
mengalami
keterlambatan Mengalami
pembayaran/ 31-60 61-90 penurunan
Lancar/ Has an overdue 1-30 hari/ hari/ hari/ nilai/ Jumlah/
Current experience days days days Impaired Total
Giro dan
penempatan Current accounts and
pada Bank placements with Bank
Indonesia 3,182,412 - - - - - 3,182,412 Indonesia
Current accounts
Giro pada bank lain 37,867 - - - - - 37,867 with other banks
Investasi pada surat Investments in
berharga 2,086,589 - - - - - 2,086,589 marketable securities
Piutang murabahah Murabahah
- bersih 8,634,293 34,775 45,925 16,533 12,607 23,213 8,767,346 receivables - net
Pinjaman qardh Funds of qardh -
- bersih 872 - - - - - 872 net
Pembiayaan Musyarakah financing -
musyarakah
- bersih 28,838 - - - - - 28,838
net
Aset lain-lain 23,272 - - - - - 23,272 Other assets
Jumlah 13,994,143 34,775 45,925 16,533 12,607 23,213 14,127,196
Total

75
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

42. MANAJEMEN RISIKO (lanjutan) 42. RISK MANAGEMENT (continued)

Risiko kredit (lanjutan) Credit risk (continued)

(iii) Analisa risiko kredit (lanjutan) (iii) Credit Risk Analysis (continued)
2018

Belum jatuh tempo atau tidak

mengalami penurunan Telah jatuh tempo tetapi tidak
nilai/Neither past due nor mengalami penurunan nilai/Past due but
impaired not impaired
Pernah
mengalami
keterlambatan Mengalami
pembayaran/ 31-60 penurunan
Lancar/ Has an overdue 1-30 hari/ hari/ 61-90 hari/ nilai/ Jumlah/
Current experience days days days Impaired Total

Current accounts and

Giro dan penempatan placements with Bank
pada Bank Indonesia 2,668,989 - - - - - 2,668,989 Indonesia
Current accounts with
Giro pada bank lain 42,465 - - - - - 42,465 other banks
Penempatan pada Placements with other
bank lain 275,000 - - - - - 275,000 banks
Investasi pada surat Investments in
berharga 1,038,050 - - - - - 1,038,050 marketable securities
Piutang murabahah - Murabahah
bersih 7,047,395 29,320 51,753 10,207 3,271 1,255 7,143,201 receivables - net
Pinjaman qardh - bersih 152 - - - - - 152 Funds of qardh - net
Pembiayaan musyarakah – Musyarakah financing -
bersih - - - - - - - net
Aset lain-lain 24,769 - - - - - 24,769 Other assets
11,096,820 29,320 51,753 10,207 3,271 1,255 11,192,626
Jumlah Total

Penjelasan pembagian kualitas Details for financing quality which are

pembiayaan yang “belum jatuh tempo atau “neither past due nor impaired” are as
tidak mengalami penurunan nilai” adalah: follows:
- Lancar - Current
Pembiayaan dalam kategori ini This category considered as very strong
memiliki kemampuan yang sangat repayment capacity of murabahah
kuat untuk membayar kembali marjin receivables principal and margin back to 389
dan pokok piutang murabahah kepada the Bank.
Bank.
- Pernah mengalami keterlambatan - Has an overdue experience
pembayaran
Pembiayaan dalam kategori ini adalah This financing category is the financing
jumlah pembiayaan yang pernah that had overdue experience in the past
menunggak dalam satu tahun terakhir. one year. This financing is considered to
Pembayaran ini dianggap memiliki have adequate capacity to pay margin
kapasitas memadai untuk membayar and principal of the receivables.
marjin dan pokok piutangnya. Namun However, there is a concern over the
terdapat pertimbangan terkait dengan debtor’s ability to make payments on the
kemampuan nasabah dalam due date.
melakukan pembayaran pada tanggal
jatuh tempo.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

Risiko pasar Market risk
Risiko pasar merupakan risiko yang timbul akibat Market risk is the risk that changes in market
dari perubahan harga di pasar, seperti nilai tukar prices, such as foreign exchange rates and
dan suku bunga, yang akan berdampak pada interest rates, will affect the Bank’s income or
pendapatan dan nilai instrumen keuangan yang the value of its holdings of financial
dimiliki Bank. Tujuan dari pengelolaan risiko instruments. The objective of market risk
pasar adalah untuk mengelola dan mengawasi management is to manage and control market
eksposur risiko pasar dengan menggunakan risk exposures within acceptable parameters,
parameter-parameter yang dapat diterima, dan while optimising the return on risk.
pada saat yang sama dapat mengoptimalkan
pendapatan.
Bank tidak memiliki aset maupun liabilitas The Bank does not have any assets or
keuangan dalam mata uang asing, maupun pada liabilities which denominated in foreign
posisi diperdagangkan. currencies, or held for trading.
Dilihat dari aktivitas Bank saat ini, adapun faktor In current Bank’s activities, the market risk
risiko pasar yang dapat mempengaruhi nilai factors which may affect the value of statement
laporan posisi keuangan adalah perubahan of financial position is the changes of market
tingkat suku bunga pasar pada portofolio buku interest rate in the Bank’s portfolio.
Bank.

76
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

42. MANAJEMEN RISIKO (lanjutan) 42. RISK MANAGEMENT (continued)

Dalam melaksanakan proses manajemen risiko In carrying out the market risk management
pasar, Bank melakukan identifikasi, pengukuran, process, the Bank identifies, measures, monitors
pemantauan dan pengendalian terhadap faktor- and controls the market risk factors. Policies
faktor risiko pasar. Kebijakan yang dijalankan adopted by the Bank in managing its market
Bank dalam pengendalian terhadap risiko suku interest rate risk include:
bunga pasar mencakup:

a) Melakukan simulasi perhitungan pendapatan a) Perform simulation net margin income

marjin bersih terhadap semua kemungkinan calculation toward all possible market
perubahan tingkat suku bunga pasar. interest rate changes.
b) Melakukan pemantauan terhadap Repricing b) Monitoring on overall Assets & Liability
Gap Profile Asset & Liability secara Repricing Gap Profile in order to anticipate
keseluruhan dalam mengantisipasi adverse movement of market interest rate.
pergerakan tren suku bunga pasar yang
dapat menyebabkan kerugian.
Risiko likuiditas Liquidity risk

Risiko likuiditas adalah risiko akibat Liquidity risk is the risk due to inability of the Bank
ketidakmampuan Bank untuk memenuhi to meet maturing obligations from cash flow
kewajiban yang jatuh tempo dari sumber funding sources and/or high quality liquid assets
pendanaan arus kas dan/atau aset likuid which can be pledged, without disturbing the
berkualitas tinggi yang dapat diagunkan, tanpa activities and financial condition of the Bank. This
mengganggu aktivitas dan kondisi keuangan is due to a mismatch between the period of
Bank. Hal ini disebabkan adanya mismatch funding and disbursement of Bank funds.
jangka waktu antara sumber dana dan
penyaluran dana Bank.

Dalam melaksanakan proses manajemen risiko In carrying out the liquidity risk management
likuiditas, Bank melakukan identifikasi, process, the Bank identifies, measures,
390 pengukuran, pemantauan, dan pengendalian monitors, and controls the liquidity risk factors,
terhadap faktor-faktor risiko likuiditas, antara lain among others the availability of liquid assets,
ketersediaan aset likuid, rasio likuiditas, proyeksi liquidity ratio, cash flow projections and maturity
arus kas, dan profil jatuh tempo. Pengukuran profile. Liquidity risk measurement is performed
atas risiko likuiditas dilakukan baik untuk kondisi for both normal and stress condition.
normal maupun stres.

Bank mengungkapkan aset dan liabilitas Bank has disclosed assets and liabilities based
berdasarkan umur jatuh tempo di Catatan 39. on its maturity in Note 39.

Kebijakan yang dijalankan Bank dalam Policies adopted by the Bank in managing its
mengendalikan risiko likuiditas mencakup: liquidity risk include:

- Menetapkan kebijakan pengendalian risiko - Establish liquidity risk control policy which is
likuiditas yang telah disesuaikan dengan in line with Bank’s mission, business
misi, strategi bisnis, kecukupan permodalan, strategy, capital adequacy, human
sumber daya manusia dan risk appetite resources and risk appetite.
Bank.
- Menetapkan kebijakan dan prosedur - Establish liquidity risk limit policies and
penetapan limit risiko likuiditas secara procedures which are written, complete,
tertulis, lengkap, memadai, dan mudah adequate and easy to follow.
ditelusuri.
- Membentuk satuan kerja pengendali risiko - Forming a liquidity risk control work unit and
likuiditas dan melaksanakan pengendalian performing consistent and independent
risiko likuiditas secara konsisten dan liquidity risk control.
independen.
- Melaksanakan fungsi ALCO (Asset & - Implementing the ALCO (Asset & Liability
Liability Committee) untuk mengatur tingkat Committee) function to manage profit
bagi hasil dalam usaha sharing in an effort to increase/decrease
meningkatkan/menurunkan sumber dana certain sources of funds.
tertentu.
- Mengelola portofolio pendanaan untuk - Managing its funding portfolio to avoid
menghindari risiko konsentrasi dan concentration risk and dependence on
ketergantungan pada sumber pendanaan single source of funding. This matter is
tertentu. Hal ini dimonitor secara bulanan monthly monitored by ALCO and Risk
oleh ALCO dan Risk Management Management Committee (RMC).
Committee (RMC).

77
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

42. MANAJEMEN RISIKO (lanjutan) 42. RISK MANAGEMENT (continued)

Risiko likuiditas (lanjutan) Liquidity risk (continued)

- Menerapkan kerangka pengukuran Risiko - Implementing Liquidity Measurement

Likuiditas mengacu pada Basel III yakni referring Basel III, consist of LCR (Liquidity
Rasio LCR (Liquidity Coverage Ratio) dan Coverage Ratio) and NSFR (Net Stable
NSFR (Net Stable Funding Ratio). Funding Ratio).
- Menetapkan prosedur dan tim kontijensi - Establish procedures and team for funding
pendanaan likuiditas, sebagai bagian dari liquidity contingency, as part of the liquidity
pengendalian risiko likuiditas, khususnya risk control, especially in crisis condition.
pada saat kondisi krisis.

Risiko operasional Operational risk

Risiko operasional adalah risiko terjadinya Operational risk is defined as the risk of loss
kerugian yang disebabkan oleh ketidakcukupan resulting from inadequate or failure internal
dan/atau tidak berfungsinya proses internal, processes, people and systems failure or from
kesalahan manusia, kegagalan sistem atau external events.
adanya kejadian-kejadian eksternal.

Kerangka kerja pengelolaan risiko operasional Operational risk management framework

1. Kerangka kerja pengelolaan risiko 1. The Bank’s operational risk management

operasional Bank dilakukan dengan framework is executed with clear
pembagian akuntabilitas dan peran yang accountabilities and roles. The Board of
jelas. Direksi dan Dewan Komisaris Directors and the Board of Commissioners
bertanggung-jawab untuk mengawasi are responsible to oversee the effectiveness
efektivitas dari kerangka kerja pengelolaan of overall operational risk management
391
risiko operasional secara menyeluruh framework as well as its execution.
maupun pada pelaksanaannya.

Dalam rangka pengendalian internal, Bank In the framework of internal control, the Bank
menerapkan konsep 3 layers of defense. applies the concept of 3 layers of defense.

Pertama, unit kerja (Risk Taking Unit) dibantu First, Risk Taking Unit (RT4) assisted with
dengan fungsi Quality Assurance (QA) the Quality Assurance (QA) function ensures
memastikan bahwa kegiatan operasional yang that the operational activities carried out are
dilakukan telah sesuai dengan kebijakan in accordance with existing policies and
maupun prosedur yang ada. procedures.

Kedua, Satuan Kerja Manajemen Risiko Second, Operational Risk Management

(SKMR) memastikan proses identifikasi, (SKMR) ensures the process of identifying,
pengukuran, pemantauan dan pengendalian measuring, monitoring and controlling risk,

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

risiko, serta sistem informasi manajemen risiko and the risk management information system
telah dikelola dengan baik. Selain itu Satuan has been managed properly. In addition,
Kerja Kepatuhan (SKK) memastikan bahwa Compliance Management (SKK) ensures
seluruh aktifitas Bank telah sesuai dengan that all Bank’s activities complied with
peraturan internal dan eksternal, termasuk internal and external regulation, including the
telah sesuai dengan penerapan prinsip syariah. sharia principles.

Ketiga, Satuan Kerja Audit Internal (SKAI) Third, Internal Audit unit (SKAI) ensures that
memastikan bahwa seluruh risiko yang tersisa all residual risks have been managed
(residual risk) telah dikelola dengan baik sesuai properly based on applied compliance risk
risk appetite maupun risk tolerance yang telah appetite and risk tolerance.
ditetapkan.

Penyelarasan kerja antara pihak-pihak yang Continuous alignment between all parties
terkait praktik pengendalian internal Bank related to internal control practices in the
dilakukan secara berkelanjutan melalui forum- Bank conducted through regular forums and
forum periodik dan fasilitasi rutin. facilitations.

78
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

42. MANAJEMEN RISIKO (lanjutan) 42. RISK MANAGEMENT (continued)

Kerangka kerja pengelolaan risiko operasional Operational risk management framework
(lanjutan) (continued)

2. Pelaksanaan kerangka kerja pengelolaan 2. Practices of ORM Framework in Bank are

risiko operasional di Bank dilakukan dalam conducted through an integrated process
tahapan proses yang terpadu dan terdiri dari and consists of risk identification,
proses identifikasi, pengukuran, pemantauan measurement, monitoring and
serta pengendalian/mitigasi risiko. controlling/mitigating.
Dalam proses ini secara bertahap dilakukan In this process, the Bank’s perform risk
tinjauan risiko secara menyeluruh atas reviews over new and/or changes to Bank’s
produk, sistem, layanan maupun products, system, services and
aktivitas/proses Bank yang baru maupun activities/processes, development of risk
perubahannya, pengembangan sistem registration, definition of mitigations/control
registrasi risiko, pendefinisian mechanisms as well as continuous
mitigasi/mekanisme kontrol, serta secara measurement over residual risk exposures
terus menerus melakukan pengukuran atas and the level of the Working Units’ discipline
pemaparan risiko dan tingkat kedisiplinan in deploying control mechanisms.
Unit Kerja dalam menerapkan mekanisme
kontrol.

3. Otomasi dari proses pengelolaan risiko 3. Automation of day-to-day ORM processes

operasional sehari-hari dilakukan melalui are performed by the ORMS (Operational
ORMS (Operational Risk Management Risk Management System), an internally
System) yang merupakan aplikasi online designed online-real time application which
real-time internal untuk memudahkan is implemented to facilitate recording,
pencatatan, analisis, dan pelaporan dari data analysis and reporting of operational risk
risiko operasional, dengan kemampuan data by enabling risk identification,
melakukan identifikasi risiko, assessment/measurement, monitoring and
392 penilaian/pengukuran, pemantauan, dan controlling/mitigating to be conducted in an
pengendalian/mitigasi yang dilaksanakan integrated manner, thereby enhance the
secara terintegrasi, sehingga dapat effectiveness of operational risk
meningkatkan efektivitas dari pengelolaan management.
risiko operasional.

4. Perhitungan beban modal untuk risiko 4. The Bank has performed the capital charges
operasional dilakukan Bank dengan calculation for operational risk by using Basic
menggunakan Pendekatan Indikator Dasar Indicator Approach in accordance to OJK.
sesuai dengan ketentuan OJK.
5. Bank telah menyusun pedoman bagi 5. The Bank has composed a comprehensive
Pengelolaan Kelangsungan Usaha yang Business Continuity Management (“BCM”)
komprehensif dengan tujuan untuk guidelines to anticipate operational risks that
mengantisipasi risiko operasional yang might arise from critical situations, such as
mungkin terjadi dari situasi ekstrim/kritikal natural disasters e.g. flood, earthquake, and
karena bencana alam seperti banjir, gempa other factors e.g. fire, major system
bumi, dan juga faktor lainnya seperti disruption, power failure, as well as non-
kebakaran, gangguan sistem utama, conducive business environment to ensure
gangguan pasokan listrik, hingga situasi continuous services to customer.
bisnis yang kurang menguntungkan,
sehingga kelangsungan layanan kepada
nasabah dapat terjamin.
Risiko non-keuangan lainnya Other non-financial risks
Bank juga mengelola dan memonitor risiko non- The Bank also managers and monitors non-
keuangan sebagai berikut: financial risk as follows:
(i) risiko hukum untuk mengurangi kemungkinan (i) legal risks to minimise possible losses from
kerugian dari tuntutan hukum atau lawsuits and/or weaknesses in juridical
kelemahan aspek yuridis, contohnya yang matters, for example caused by the weak
disebabkan oleh lemahnya perikatan, legal arrangements, an absence and/or
ketiadaan peraturan perundang-undangan change of regulations, which causes a
yang menyebabkan suatu transaksi yang transaction to become illegal and resulting in
telah dilakukan tidak sesuai dengan litigation process;
ketentuan yang ada, dan mengakibatkan
terjadinya proses litigasi;

79
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

42. MANAJEMEN RISIKO (lanjutan) 42. RISK MANAGEMENT (continued)

Risiko non-keuangan lainnya (lanjutan) Other non-financial risk (continued)

(ii) risiko reputasi untuk mengurangi (ii) reputation risks to minimise possible losses
kemungkinan kerugian dari publikasi negatif from negative publicity relating to the Bank’s
yang terkait dengan kegiatan usaha Bank business activities or negative perception
atau persepsi negatif terhadap Bank; about the Bank;

(iii) risiko strategis untuk mengurangi (iii) strategic risks to minimise possible losses
kemungkinan kerugian akibat ketidaktepatan arising from inappropriate decision and/or
dalam pengambilan dan/atau pelaksanaan carrying out a strategic decision which fails
suatu keputusan stratejik yang gagal to anticipate changes in the business
mengantisipasi perubahan lingkungan bisnis; environment; and
dan

(iv) risiko kepatuhan untuk mengurangi (iv) compliance risks to minimise possible loss
kemungkinan kerugian karena tidak from non-compliance or failure to implement
mematuhi atau tidak melaksanakan prevailing laws and regulations, including
peraturan perundang-undangan dan sharia principles for the Bank.
ketentuan lain yang berlaku, termasuk
prinsip syariah bagi Bank.

Berpedoman pada Surat Edaran OJK SEOJK Following OJK Circular Letter SEOJK
no 13/SEOJK.03/2015 dan New Basel II Capital no 13/SEOJK.03/2015 and the New Basel II
Accord yang memasukkan risiko operasional Capital Accord, which added operational risk in
dalam perhitungan regulatory capital, Bank telah the calculation of regulatory capital, the Bank
menerapkan prinsip-prinsip manajemen risiko has applied the principles of operational risk
operasional, termasuk perhitungan beban modal management, including operational risk capital
risiko operasional. charge. 393

Proses pengelolaan risiko operasional dilakukan Operational risk management process was
oleh setiap unit kerja (risk owner), sehingga unit- performed by each unit (risk owner), so the units
unit kerja di kantor pusat dan kantor-kantor in head office and branches, facilitated by risk
cabang, dengan difasilitasi oleh unit manajemen management unit, are responsible to identify,
risiko, bertanggung jawab dalam proses measure, monitoring, and controlling operational
identifikasi, penilaian, pengukuran, pemantauan risk, to become faster and more accurate.
serta pengendalian risiko operasional menjadi
lebih akurat dan cepat.

Untuk mengantisipasi terhadap kejadian-kejadian To anticipate events which can disrupt the
yang dapat mengganggu operasional Bank, Bank’s operations, as a result of internal factors
sebagai akibat faktor internal seperti gangguan such as disturbances in information technology
pada sistem teknologi informasi dan faktor systems and external factors such as natural

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

eksternal seperti bencana alam, kerusuhan, dan disasters, riots, and fires, the Bank has
kebakaran, Bank mengembangkan Business developed the Business Continuity Management
Continuity Management dan Disaster Recovery and Disaster Recovery Plan.
Plan.

43. MANAJEMEN MODAL 43. CAPITAL MANAGEMENT

Tujuan manajemen permodalan Bank adalah The Bank capital management objective is to
untuk mempertahankan posisi modal yang kuat maintain a strong capital position to support
untuk mendukung pertumbuhan bisnis dan business growth and to sustain investor,
mempertahankan investor, deposan, pelanggan depositor, customer and market confidence. In
dan kepercayaan pasar. Dalam pengelolaan managing its capital, the Bank considers factors
permodalan, Bank mempertimbangkan faktor- such as: providing optimal capital rate of return
faktor seperti: pengembalian modal yang optimal to shareholders and maintain a balance between
pada pemegang saham, menjaga keseimbangan high return with gearing ratio and safety provided
antara keuntungan yang lebih tinggi dengan by a sound capital position.
gearing ratio serta keamanan yang diberikan oleh
posisi modal yang sehat.

80
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

43. MANAJEMEN MODAL (lanjutan) 43. CAPITAL MANAGEMENT (continued)

Rasio Kewajiban Penyediaan Modal Minimum The Minimum Required Capital Adequacy Ratio
(KPMM) Bank yang dikaitkan dengan profil risiko (CAR) of the Bank is related with the Bank’s risk
Bank dan dihitung berdasarkan Peraturan OJK profile and calculated based on OJK Regulation
No. 21/POJK.03/2014 dan Surat Edaran OJK No. 21/POJK.03/2014 and OJK Circular Letter
No. 34/SEOJK.03/2015 tentang Perhitungan No. 34/SEOJK.03/2015 regarding Calculation of
Aset Tertimbang Menurut Risiko untuk Risiko Risk Weighted Assets for Credit Risk by Using a
Kredit dengan Menggunakan Pendekatan Standard Approach for Sharia Commercial
Standar bagi Bank Umum Syariah adalah Banks is as follows:
sebagai berikut:

2019 2018

Modal inti 5,138,209 3,816,289 Core capital

Modal pelengkap (maksimum 100% dari Supplementary capital (maximum at

modal inti) 87,914 60,583 100% from core capital)

Jumlah modal 5,226,123 3,876,872 Total capital

Aset Tertimbang Menurut Risk Weighted Assets

Risiko (ATMR) (RWA)
Risiko Kredit 6,988,540 5,838,095 Credit Risk
Risiko Operasional 4,737,446 3,635,727 Operational Risk

Rasio total 44.57% 40.92% Total ratio

Rasio KPMM yang diwajibkan 9% - 10% 9% - 10% Minimum CAR

394
44. JAMINAN PEMERINTAH TERHADAP 44. GOVERNMENT GUARANTEE ON
LIABILITAS PEMBAYARAN BANK UMUM OBLIGATIONS OF COMMERCIAL BANKS

Sesuai dengan Peraturan Pemerintah Republik According to Government Regulation No. 39

Indonesia No. 39 tahun 2005 tanggal 12 Oktober year 2005 dated 12 October 2005, since
2005, sejak tanggal 12 Oktober 2005, 12 October 2005, Guarantees on deposits from
penjaminan simpanan nasabah Bank customers of Syariah principles banks follows
berdasarkan prinsip Syariah mengacu kepada Law no.24 dated 22 September 2004.
Undang-Undang No.24 tanggal 22 September
2004.

Berdasarkan Undang-Undang No. 24 tanggal Based on Law No. 24 dated 22 September 2004,
22 September 2004, efektif sejak tanggal effective 22 September 2005, Indonesia Deposit
22 September 2005, Lembaga Penjamin Insurance Corporation (LPS) was established to
Simpanan (LPS) dibentuk untuk menjamin provide guarantee on certain deposits from
kewajiban tertentu bank-bank umum berdasarkan customers based on prevailing guarantee
program penjaminan yang berlaku. Undang- schemes. The law was changed with the
Undang tersebut telah diubah dengan Peraturan Government Regulation as the Replacement of
Pemerintah sebagai Pengganti Undang-Undang Law No. 3 Year 2008, which was stipulated as a
No. 3 tahun 2008, yang mana telah ditetapkan law since 13 January 2009 based on the
menjadi undang-undang sejak tanggal 13 Januari Republic of Indonesia Law No. 7 Year 2009.
2009 berdasarkan Undang-Undang Republik
Indonesia No. 7 tahun 2009.

Berdasarkan Peraturan Pemerintah Republik Based on the Government Regulation of the

Indonesia No. 66/2008 tanggal 13 Oktober 2008 Republic of Indonesia No. 66/2008 dated
mengenai besarnya nilai simpanan yang dijamin 13 October 2008 regarding the deposit amount
LPS, pada tanggal 31 Desember 2019 dan 2018, guaranteed by LPS, as of 31 December 2019
jumlah simpanan yang dijamin LPS adalah and 2018, the deposit amount guaranteed by
simpanan sampai dengan Rp2.000 untuk per LPS for every customer in a bank was a
nasabah per bank. maximum of Rp2,000.

Pada tanggal 31 Desember 2019 dan 2018, Bank As of 31 December 2019 and 2018, the Bank
adalah peserta dari program penjaminan was a participant of the guarantee program.
tersebut.

81
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

45. OPINI DEWAN PENGAWAS SYARIAH 45. OPINION OF THE SHARIA SUPERVISORY
BOARD

Untuk tahun yang berakhir pada tanggal For the years ended 31 December 2019 and
31 Desember 2019 dan 2018, Dewan Pengawas 2018, respectively, the Sharia Supervisory
Syariah (“DPS”) menyatakan bahwa secara Board (“DPS”) stated that in general the sharia
umum aspek syariah dalam operasional Bank aspects in the Bank’s operation have complied
telah sesuai dengan prinsip dan nilai-nilai syariah. with sharia principles and values.

46. STANDAR AKUNTANSI YANG DITERBITKAN 46. ISSUED BUT NOT YET EFFECTIVE
NAMUN BELUM BERLAKU EFEKTIF ACCOUNTING STANDARDS

PSAK 73 “Sewa” PSAK 73 “Leases”

Dewan Standar Akuntansi Keuangan Ikatan Accounting Standard Board of Indonesian

Akuntan Indonesia (”DSAK-IAI”) telah Institute of Accountants (“DSAK-IAI”) has issued
menerbitkan PSAK No. 73 ”Sewa” yang relevan PSAK No. 73 “Leases” that is relevant to the
terhadap Bank, namun belum berlaku efektif Bank, but not yet effective for the financial year
untuk tahun buku yang dimulai pada 1 Januari beginning 1 January 2019.
2019.

PSAK No. 73 berlaku efektif tanggal 1 Januari PSAK No. 73 is effective on 1 January 2020, with
2020, dengan penerapan dini diperkenankan early adoption is permitted before the effective
sebelum tanggal efektif. date.

PSAK No. 73 memperkenalkan model akuntansi PSAK No. 73 introduces a single, on-balance
tunggal dan dicatat pada laporan posisi keuangan sheet lease accounting model for lessees. A
untuk penyewa. Penyewa mengakui aset hak- lessee recognizes a right-of-use asset 395
guna yang mewakili haknya untuk menggunakan representing its right to use the underlying asset
aset dan liabilitas sewa yang mewakili and a lease liability representing its obligation to
kewajibannya untuk melakukan pembayaran make lease payments. There are recognition
sewa. Ada pengecualian pengakuan untuk sewa exemptions for short-term leases and leases of
jangka pendek dan sewa barang bernilai rendah. low-value items. Lessor accounting remains
Standar akuntansi bagi yang memberi sewa tetap similar to the current standard (e.g. lessors
sama dengan standar saat ini (misalnya pihak continue to classify leases as finance or
pemberi sewa terus mengklasifikasikan sewa operating leases).
sebagai sewa pembiayaan atau sewa operasi).

PSAK No. 73 menggantikan standar akuntansi PSAK No. 73 replaces existing leases guidance,
untuk sewa yang ada, termasuk PSAK No. 30 including PSAK No. 30 “Leases”, ISAK No. 8
“Sewa”, ISAK No. 8 “Penentuan Apakah Suatu “Determining Whether an Arrangement Contains
Perjanjian Mengandung Suatu Sewa”, ISAK No. a Lease”, ISAK No. 23 “Operating Leases -

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

23 “Sewa Operasi - Insentif”, dan ISAK No. 24 Incentives”, and ISAK No. 24 “Evaluating the
“Evaluasi Substansi Beberapa Transaksi yang Substance of Transactions Involving the Legal
Melibatkan Suatu Bentuk Legal Sewa”. Form of a Lease”.

a. Sewa dimana Bank merupakan penyewa a. Leases in which the Bank is a lessee

Bank telah melakukan penilaian awal atas The Bank has completed an initial
dampak potensial terhadap laporan assessment of the potential impact on its
keuangannya, namun belum menyelesaikan financial statements, but has not yet
penilaian terperincinya. Dampak aktual completed its detailed assessment. The
penerapan PSAK No. 73 pada laporan actual impact of applying PSAK No. 73 on
keuangan pada periode penerapan awal the financial statements in the period of initial
akan tergantung pada kondisi ekonomi di application will depend on future economic
masa depan, pengembangan portofolio sewa conditions, the development of the Bank’s
Bank, penilaian Bank apakah akan lease portfolio, the Bank’s assessment of
menggunakan pilihan untuk pembaruan whether it will exercise any lease renewal
sewa, dan sejauh mana Bank memilih untuk options and the extent to which the Bank
menggunakan cara praktis dan pengecualian chooses to use practical expedients and
pengakuan. recognition exemptions.

82
 PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018 YEARS ENDED 31 DECEMBER 2019 AND 2018
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

46. STANDAR AKUNTANSI YANG DITERBITKAN 46. ISSUED BUT NOT YET EFFECTIVE
NAMUN BELUM BERLAKU EFEKTIF (lanjutan) ACCOUNTING STANDARD (continued)

PSAK 73 “Sewa” (lanjutan) PSAK 73 “Leases” (continued)

a. Sewa dimana Bank merupakan penyewa a. Leases in which the Bank is a lessee
(lanjutan) (lanjutan)

Bank akan mengakui aset dan liabilitas baru The Bank will recognize new assets and
untuk sewa operasi gedung kantor dan kantor liabilities for its operating leases of office
cabang. Pengakuan beban yang terkait premises and branch. The nature of
dengan sewa ini akan berubah karena PSAK expenses related to these leases will change
No. 73 menggantikan biaya sewa operasi due to PSAK No. 73 replaces the straight-
dengan basis garis lurus dengan beban line operating lease expense with a
penyusutan untuk aset hak-guna dan beban depreciation charge for right-of-use assets
bunga atas liabilitas sewa. and interest expense on lease liabilities.

Sebelumnya, Bank mengakui beban sewa Previously, the Bank recognised operating
operasi berdasarkan garis lurus selama masa lease expense on a straight-line basis over
sewa, dan mengakui aset dan liabilitas hanya the term of the lease, and recognised assets
sejauh ketika terdapat perbedaan waktu and liabilities only to the extent that there
antara pembayaran sewa aktual dan beban was a timing difference between actual
yang diakui. lease payments and the expense
recognised.

Pada tanggal 1 Januari 2020, estimasi jumlah As of 1 January 2020, the estimated amount
aset hak-guna sebesar Rp 178.523 termasuk of right-of-use assets were Rp 178,523
396 reklasifikasi aset hak-guna yang tidak including the reclassification of right-of-use
berdampak kepada liabilitas sewa sebesar assets that has no impact to the lease
Rp 70.319 dan tambahan liabilitas sewa liabilities amounted to Rp 70,319 and the
sebesar Rp 118.081. additional lease liabilities amounted to
Rp 118,081.

b. Transisi b. Transition

Sesuai dengan ketentuan transisi dari PSAK In accordance with the transition provisions
No. 73, Bank telah memilih untuk of PSAK No. 73, the Bank has elected to
menetapkan pengecualian dari ketentuan utilize the exemption from the requirement to
untuk menyajikan kembali informasi restate the comparative information.
komparatif. Oleh karena itu, efek kumulatif Therefore, the cumulative effect of adopting
dari penerapan PSAK No. 73 akan diakui PSAK No. 73 will be recognised as an
sebagai penyesuaian ke saldo awal laba adjustment to the opening balance of
ditahan pada tanggal 1 Januari 2020. retained earnings as of 1 January 2020.

Bank telah memutuskan untuk menerapkan The Bank has decided to apply the practical
cara praktis dengan tetap mempertahankan expedient to grandfather the definition of a
cara lama (grandfather) untuk definisi sewa lease on transition. This means that it will
pada saat transisi. Hal ini berarti PSAK No. apply PSAK No. 73 to all contracts entered
73 akan diterapkan kepada semua kontrak into before 1 January 2020 and identified as
yang terjadi sebelum tanggal 1 Januari 2020 leases in accordance with PSAK No. 30 and
dan telah diidentifikasi sebagai sewa sesuai ISAK No. 23.
dengan PSAK No. 30 dan ISAK No. 23.

83
PT Bank Tabungan Pensiunan Nasional Syariah Tbk

consolidated financial statements 397

of the parent company

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

 STATEMENTS OF FINANCIAL POSITION
As of 31 December 2019 and 31 December 2018
(In million Rupiah)
BANK CONSOLIDATED
ACCOUNTS 31 Dec 2019 31 Dec 2018 31 Dec 2019 31 Dec 2018
Audited Audited Audited Audited
ASSETS
1. Cash 1,587,729 1,422,553 2,299,062 1,838,136
2. Placements with Bank Indonesia 14,468,553 13,703,711 17,576,955 16,344,263
3. Placements with other banks 1,293,432 1,176,490 1,306,904 1,466,464
4. Spot and derivative receivables 840,372 - 840,372 -
5. Marketable securities 8,582,871 5,775,718 10,654,624 6,806,407
a. Measured at fair value through profit/loss - - - -
b. Available for sale 5,599,578 1,234,846 5,679,762 1,545,494
c. Held to maturity 1,791,330 4,540,872 3,782,899 5,260,913
d. Loans and receivables 1,191,963 - 1,191,963 -
6. Securities sold under repurchase agreements (Repo) - - - -
7. Claims from securities purchased under resale agreements (Reverse Repo) - 1,599,955 - 1,599,955
8. Acceptance receivables 1,692,460 - 1,692,460 -
9. Loans 132,760,609 60,859,618 132,760,609 60,859,618
a. Measured at fair value through profit/loss - - - -
b. Available for sale - - - -
c. Held to maturity - - - -
d. Loans and receivables 132,760,609 60,859,618 132,760,609 60,859,618
10. Sharia financing/receivables - - 8,999,574 7,277,162
11. Investments 1,303,643 1,283,192 22,522 22
12. Allowance for impairment losses on financial assets -/- (1,175,155) (918,116) (1,467,274) (1,134,065)
a. Marketable securities (6) - (6) -
b. Loans (1,175,080) (918,116) (1,467,199) (1,134,065)
c. Others (69) - (69) -
13. Intangible assets 2,009,007 1,510,528 2,197,397 1,663,685
Accumulated amortization of intangible assets -/- (1,068,375) (676,549) (1,128,855) (722,855)
14. Fixed assets 3,201,234 2,899,291 3,751,845 3,388,416
Accumulated depreciation of fixed assets -/- (1,517,038) (1,289,365) (1,858,099) (1,601,689)
15. Non-productive assets 20 15 20 15
a. Abandoned properties - - - -
398 b. Foreclosed assets - - - -
c. Suspense accounts 20 15 20 15
d. Interbranch assets - - - -
- Conducting operational activities in Indonesia - - - -
- Conducting operational activities outside Indonesia - - - -
16. Allowance for impairment losses on non - financial assets -/- - - - -
17. Lease receivables - - - -
18. Deferred tax assets - 116,150 144,874 215,734
19. Other assets 3,513,372 3,088,302 3,838,395 3,339,956

TOTAL ASSETS 167,492,734 90,551,493 181,631,385 101,341,224

 BANK CONSOLIDATED
ACCOUNTS 31 Dec 2019 31 Dec 2018 31 Dec 2019 31 Dec 2018
Audited Audited Audited Audited
LIABILITIES & EQUITY
LIABILITIES
1. Demand deposits 14,348,978 1,018,554 14,374,226 1,118,905
2. Saving deposits 8,085,068 6,209,934 9,955,705 7,728,838
3. Time deposits 55,058,884 56,004,109 55,058,884 56,004,109
4. Revenue sharing investment funds - - 7,550,664 5,992,860
5. Liabilities to Bank Indonesia - - - -
6. Liabilities to other banks 11,659,676 42,975 11,633,474 14,394
7. Spot and derivative payables 894,947 116,521 894,947 116,521
8. Securities sold under repurchase agreements (Repo) - - - -
9. Acceptance liabilities 888,459 - 888,459 -
10. Securities issued 3,190,628 1,197,442 3,190,628 1,197,442
11. Borrowings 44,086,343 8,442,765 44,086,343 8,442,765
12. Margin deposits - - - -
13. Interbranch liabilities - - - -
a. Conducting operational activities in Indonesia - - - -
b. Conducting operational activities outside Indonesia - - - -
14. Deferred tax liabilities 53,052 - 53,052 -
15. Other liabilities 1,928,098 1,507,734 2,473,075 1,939,060
16. Profit sharing investment funds - -
TOTAL LIABILITIES 140,194,133 74,540,034 150,159,457 82,554,894

EQUITY
17. Issued and fully paid-in capital 161,075 115,129 161,075 115,129
a. Authorized capital 300,000 300,000 300,000 300,000
b. Unpaid capital -/- (137,021) (182,967) (137,021) (182,967)
c. Treasury stock -/- (1,904) (1,904) (1,904) (1,904)
18. Additional paid-in capital 11,151,727 1,480,133 11,142,214 1,480,133
a. Agio 10,907,715 1,198,385 10,898,202 1,198,385
b. Disagio -/- - -
c. Capital contribution - -
d. Capital paid in advance - -
e. Others 244,012 281,748 244,012 281,748
19. Other comprehensive income 892,819 916,000 919,626 936,798 399
a. Foreign exchange translation adjustment of financial statements - - - -
b. Gain from changes in the value of marketable securities -
available for sale 16,105 4,043 16,235 4,702
c. Cash flow hedging - - - -
d. Differences arising from fixed assets revaluation 797,886 797,886 801,553 801,553
e. Other comprehensive income from associate entity - - - -
f. Remeasurement on defined benefit program 110,474 153,442 141,324 175,752
g. Income tax related to other comprehensive income (31,646) (39,371) (39,486) (45,209)
h. Others - - - -
20. Difference in quasi reorganization - -
21. Difference in restructuring of entities under common control - -
22. Other equity - - (24,267) (24,267)
23. Reserves 23,361 23,361 44,361 30,361
a. General reserves 23,361 23,361 44,361 30,361
b. Statutory reserves - - - -
24. Profit/loss 15,069,619 13,476,836 17,625,034 15,066,506
a. Previous years 13,476,835 12,314,082 15,052,506 13,228,035

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

b. Current year 1,592,784 1,162,754 2,572,528 1,838,471
TOTAL EQUITY ATTRIBUTABLE TO THE OWNERS OF THE PARENT 27,298,601 16,011,459 29,868,043 17,604,660

25. Non-controlling interest - - 1,603,885 1,181,670

TOTAL EQUITY 27,298,601 16,011,459 31,471,928 18,786,330

TOTAL LIABILITIES AND EQUITY 167,492,734 90,551,493 181,631,385 101,341,224

 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
For the years ended 31 December 2019 and 2018
(In million Rupiah, unless earning per share)
BANK KONSOLIDASI
31 Des 2019 31 Des 2018 31 Des 2019 31 Des 2018
Diaudit Diaudit Diaudit Diaudit
OPERATING INCOME AND EXPENSES
A. Interest Income and Expenses
1. Interest Income and Sharia Income 14,627,058 10,679,385 19,084,410 14,126,651
a. Rupiah 13,163,199 1 0 ,6 6 8 ,7 6 5 1 7 ,6 2 0 ,5 5 1 1 4 ,1 1 6 ,0 3 1
b. Foreign currencies 1,463,859 1 0 ,6 2 0 1,463,859 1 0 ,6 2 0
2. Interest Expenses and Sharia Profit Sharing 7,513,059 4,158,571 8,036,646 4,526,243
a. Rupiah 6,038,577 3 ,9 7 8 ,9 4 0 6 ,5 6 2 ,1 6 4 4 ,3 4 6 ,6 1 2
b. Foreign currencies 1,474,482 1 7 9 ,6 3 1 1 ,4 7 4 ,4 8 2 1 7 9 ,6 3 1
Net Interest and Sharia Income 7,113,999 6,520,814 11,047,764 9,600,408

B. Other Operating Income and Expenses

1. Other Operating Income 4,930,129 789,980 4,957,971 799,102
a. Increase in fair value of financial assets (mark to market) 853,593 - 853,593 -
i. Marketable securities - - - -
ii. Loans - - - -
iii. Spot and derivatives 853,593 - 853,593 -
iv. Other financial assets - - - -
b. Decrease in fair value of financial liabilities (mark to market) - - - -
c. Gain from sale of financial assets - 1 5 ,9 4 7 - 1 6 ,7 5 4
i. Marketable securities - 1 5 ,9 4 7 - 1 6 ,7 5 4
ii. Loans - - - -
iii. Other financial assets - - - -
d. Realized gain from spot and derivative transactions 3,111,071 391 3,111,071 391
e. Dividend 2 3 2 3
f. Gain from investment under equity method - - - -
g. Commissions/provisions/fees and administration 514,769 2 7 7 ,4 2 9 5 1 4 ,9 3 3 2 7 7 ,4 7 4
h. Reversal in allowance for impairment losses 8,525 1 4 ,3 4 9 1 9 ,6 8 4 1 4 ,3 4 9
i. Other income 442,169 4 8 1 ,8 6 1 4 5 8 ,6 8 8 4 9 0 ,1 3 1

2. Other Operating Expenses 10,197,846 5,636,397 12,278,389 7,422,565

a. Decrease in fair value of financial assets (mark to market) 843,645 1 1 5 ,9 7 3 8 4 3 ,6 4 5 1 1 5 ,9 7 3
i. Marketable securities 33 - 33 -
ii. Loans - - - -
iii. Spot and derivatives 843,612 1 1 5 ,9 7 3 8 4 3 ,6 1 2 1 1 5 ,9 7 3
iv. Other financial assets - - - -
b. Increase in fair value of financial liabilities (mark to market) - - - -
c. Losses from sale of financial assets - 33 - 33
i. Marketable securities - 33 - 33
ii. Loans - - - -
iii. Other financial assets - - - -
d. Realized losses from spot and derivative transactions 2,839,467 3 9 ,4 5 1 2,839,467 3 9 ,4 5 1
e. Impairment losses on financial assets 1,145,005 1 ,1 1 3 ,7 1 9 1 ,4 6 5 ,5 6 7 1 ,3 7 9 ,2 9 1
i. Marketable securities - - - -
ii. Loans 1,144,998 1 ,1 1 3 ,7 1 9 1 ,1 4 4 ,9 9 8 1 ,1 1 3 ,7 1 9
iii. Sharia financing - - 320,562 2 6 5 ,5 7 2
400 iv. Other financial assets 7 - 7 -
f. Losses related to operational risks 21,373 9 ,5 1 2 3 5 ,0 2 0 1 7 ,4 8 7
g. Losses from investment under equity method - - - -
h. Commissions/provisions/fees and administration 137,395 1 1 2 ,6 3 1 1 3 7 ,3 9 5 1 1 2 ,6 3 1
i. Losses from decrease in value of non-financial assets - - - 1 0 ,3 3 1
j. Personnel expenses 2,153,284 1 ,8 4 5 ,9 8 4 3 ,1 9 9 ,8 9 6 2 ,7 0 1 ,6 7 6
k. Promotion expenses 200,285 1 3 8 ,7 4 9 2 1 6 ,2 0 1 1 5 4 ,6 2 0
l. Other expenses 2,857,392 2 ,2 6 0 ,3 4 5 3 ,5 4 1 ,1 9 8 2 ,8 9 1 ,0 7 2
Net Other Operating Expenses (5,267,717) (4,846,417) (7,320,418) (6,623,463)

NET OPERATING INCOME 1,846,282 1,674,397 3,727,346 2,976,945

NON-OPERATING INCOME AND EXPENSES

1. Loss from sale of fixed assets and equipments (5,444) (735) (6,683) (3,105)
2. Gain/ (loss) on adjustments of foreign exchange translation 305,173 (29,189) 3 0 5 ,1 7 3 (29,189)
3. Other non-operating expenses (5,338) (24,063) (6,914) (25,223)
NET NON OPERATING INCOME/ (EXPENSES) 294,391 (53,987) 291,576 (57,517)

INCOME BEFORE TAX FOR THE CURRENT YEAR 2,140,673 1,620,410 4,018,922 2,919,428

Income tax:
a. Estimated current year tax (545,060) (521,559) (1,071,827) (898,973)
b. Deferred tax (expenses)/income (2,829) 6 3 ,9 0 3 4 5 ,3 2 3 1 0 7 ,6 0 9

NET INCOME FOR THE CURRENT YEAR AFTER TAX 1,592,784 1,162,754 2,992,418 2,128,064

OTHER COMPREHENSIVE INCOME/(EXPENSES)

1. Items that will not be reclassified to profit or loss (32,227) 209,686 (23,075) 247,417
a. Gain from fixed assets revaluation - 7 7 ,1 0 4 - 7 7 ,1 0 4
b. (Loss)/ gain from actuarial defined benefit program (42,968) 1 7 6 ,7 7 6 (30,767) 2 2 7 ,0 8 4
c Other comprehensive income from associate entity - - - -
d. Others - - - -
e. Income tax related items that will not be reclassified to profit or loss 1 0 ,7 4 1 (44,194) 7 ,6 9 2 (56,771)
2. Items that will be reclassified to profit or loss 9,046 (9,842) 8,479 (9,137)
a. Adjustment from foreign exchange translation - - - -
b. Gain/(loss) from changes in the value of marketable securities - available for sale 12,061 (9,038) 1 1 ,3 0 5 (8,097)
c Effective part of cash flow hedging - - - -
d. Others - -
e. Income tax related items that will be reclassified to profit or loss (3,015) (804) (2,826) (1,040)

OTHER COMPREHENSIVE (EXPENSES)/INCOME FOR THE CURRENT YEAR

- NET OF TAX (23,181) 199,844 (14,596) 238,280

TOTAL COMPREHENSIVE INCOME OF THE CURRENT YEAR AFTER TAX 1,569,603 1,362,598 2,977,822 2,366,344

Net income of the current years attributable to:

OWNERS OF THE PARENT 1,592,784 1 ,1 6 2 ,7 5 4 2 ,5 7 2 ,5 2 8 1 ,8 3 8 ,4 7 1
NON-CONTROLLING INTEREST - 419,890 2 8 9 ,5 9 3
TOTAL INCOME IN CURRENT YEAR 1,592,784 1 ,1 6 2 ,7 5 4 2 ,9 9 2 ,4 1 8 2 ,1 2 8 ,0 6 4

Total comprehensive income of the current year attributable to:

OWNERS OF THE PARENT 1,569,603 1 ,3 6 2 ,5 9 8 2 ,5 5 5 ,3 5 7 2 ,0 6 5 ,2 2 0
NON-CONTROLLING INTEREST - 422,465 3 0 1 ,1 2 4
TOTAL COMPREHENSIVE INCOME IN CURRENT YEAR 1,569,603 1 ,3 6 2 ,5 9 8 2 ,9 7 7 ,8 2 2 2 ,3 6 6 ,3 4 4

PROFIT (LOSS) TRANSFERRED TO HEAD OFFICE - - - -

DIVIDEND - (574,509) - (574,509)

EARNING PER SHARE (Full amount)

- Basic 203 202 327 320
- Diluted 200 197 324 312
 STATEMENTS OF COMMITMENTS AND CONTINGENCIES
As of 31 December 2019 and 31 December 2018
(In million Rupiah)
BANK CONSOLIDATED
ACCOUNTS 31 Dec 2019 31 Dec 2018 31 Dec 2019 31 Dec 2018
Audited Audited Audited Audited
I. COMMITMENT RECEIVABLES 41,482,674 4,961,100 41,482,674 4,961,100
1. Unused borrowing facilities 3,124,023 - 3,124,023 -
a. Rupiah 1,000,000 - 1,000,000 -
b. Foreign currencies 2,124,023 - 2,124,023 -
2. Outstanding spot and derivative purchased 38,358,651 4,961,100 38,358,651 4,961,100
3. Others - - - -

II. COMMITMENT LIABILITIES 112,564,084 6,160,762 112,574,084 6,160,762

1. Unused loans facilities granted to customers 81,836,986 6,107,909 81,846,986 6,107,909
a. State-owned enterprises (BUMN) 6,116,211 75,000 6,126,211 75,000
i. Committed 425,951 - 425,951 -
- Rupiah 117,283 - 117,283 -
- Foreign currencies 308,668 - 308,668 -
ii. Uncommitted 5,690,260 75,000 5,700,260 75,000
- Rupiah 2,661,313 75,000 2,671,313 75,000
- Foreign currencies 3,028,947 - 3,028,947 -
b. Others 75,720,775 6,032,909 75,720,775 6,032,909
i. Committed 7,997,129 - 7,997,129 -
ii. Uncommitted 67,723,646 6,032,909 67,723,646 6,032,909
2. Unused loans facilities granted to other banks 63,163 52,853 63,163 52,853
a. Committed - - - -
i. Rupiah - - - -
ii. Foreign currencies - - - -
b. Uncommitted 63,163 52,853 63,163 52,853
i. Rupiah 63,163 52,853 63,163 52,853
ii. Foreign currencies - - - -
3. Outstanding irrevocable L/C 925,174 - 925,174 -
a. Foreign L/C 320,351 - 320,351 -
b. Local L/C 604,823 - 604,823 -
4. Outstanding spot and derivative sold 29,738,761 - 29,738,761 - 401
5. Others - - - -

III. CONTINGENT RECEIVABLES 19,918,674 73,753 19,936,706 88,467

1. Guarantees received 19,839,026 2,157 19,839,026 2,157
a. Rupiah 6,856,631 - 6,856,631 -
b. Foreign currencies 12,982,395 2,157 12,982,395 2,157
2. Interest on non-performing loan 79,648 71,596 97,680 86,310
a. Loan interest 79,648 71,596 97,680 86,310
b. Other interest - - - -
3. Others - - - -

IV. CONTINGENT LIABILITIES 8,924,578 107,719 8,924,578 107,719

1. Guarantees issued 8,924,578 107,719 8,924,578 107,719
a. Rupiah 4,733,590 107,719 4,733,590 107,719
b. Foreign currencies 4,190,988 - 4,190,988 -
2. Others - - - -

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

 402
PT BANK BTPN Tbk
(DAHULU/FORMERLY PT BANK TABUNGAN PENSIUNAN NASIONAL Tbk)
DAN ENTITAS ANAK/AND SUBSIDIARY

LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018* YEARS ENDED 31 DECEMBER 2019 AND 2018*
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)

Diatribusikan kepada pemilik entitas induk/Attributable to owners of the parent

Modal
ditempatkan Cadangan Cadangan Transaksi
dan disetor Tambahan revaluasi pembayaran dengan Saldo laba yang Saldo laba yang Kepentingan
penuh/ modal aset tetap/ berbasis kepentingan sudah ditentukan belum ditentukan non-
Issued and disetor/ Reserve on saham/ Cadangan nilai non-pengendali/ penggunaannya/ penggunaannya/ Saham pengendali/
fully Additional revaluation Share-based wajar - bersih/ Transaction with Appropriated Unappropriated tresuri/ Non- Jumlah
Catatan/ paid-up paid-in of fixed payment Fair value non-controlling retained retained Treasury Jumlah/ controlling ekuitas/
Notes share capital capital assets reserve reserve - net interest earnings earnings shares Total interest Total equity

Saldo tanggal 1 Januari 2019 117,033 1,458,886) 801,553 281,748) 3,527) (24,267) 30,361 15,198,223) (262,404) 17,604,660) 1,181,670) 18,786,330) Balance as of 1 January 2019

Laba bersih tahun berjalan - -) - -) -) -) - 2,572,528) -) 2,572,528) 419,890) 2,992,418) Net profit for the year

Laba komprehensif lainnya: Other comprehensive income:

Perubahan nilai wajar atas aset Changes in fair value of available for sale
keuangan tersedia untuk dijual dan and measured at fair value through
diukur pada nilai wajar melalui other comprehensive income
penghasilan komprehensif lain - -) - -) 11,533) -) - - -) 11,533) (227) 11,306) financial assets
Penilaian kembali liabilitas imbalan Remeasurements of employee
kerja karyawan - -) - -) -) -) - (34,427) -) (34,427) 3,660) (30,767) benefits liabilities
Efek pajak terkait - -) - -) (2,884) -) - 8,607) -) 5,723) (858) 4,865) Related tax effect

Jumlah laba komprehensif selama Total comprehensive

tahun berjalan - -) - -) 8,649) -) - 2,546,708) -) 2,555,357) 422,465) 2,977,822) income during the year

Cadangan umum anak perusahaan - -) - -) -) -) 14,000 (14,000) -) -) -) -) General appropriation of subsidiary

Transaksi dengan kepentingan non- -) Transaction with

pengendali - (9,513) - -) -) - -) -) (9,513) (250) (9,763) non-controlling interest

Efek dari penggabungan usaha 1b 45,937 9,708,197) - -) -) -) - -) -) 9,754,134) -) 9,754,134) Effect of merger

Opsi saham: Share option:

Penerimaan dari penerbitan saham 1c 9 1,132) - -) -) -) - -) -) 1,141) -) 1,141) Proceed from shares issued
Pembayaran berbasis saham 2ac, 29 - - - (37,736) -) -) - -) -) (37,736) -) (37,736) Share-based payments
162,979 11,158,702 801,553 244,012) 12,176) (24,267) 44,361 17,730,931) (262,404) 29,868,043) 1,603,885) 31,471,928)
Saldo tanggal 31 Desember 2019 Balance as of 31 December 2019

*Setelah penyajian kembali (Catatan 48) *After restatement (Note 48)

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak The accompanying notes to the consolidated financial statements form an
terpisahkan dari laporan keuangan konsolidasian secara keseluruhan integral part of these consolidated financial statements

7
 PT BANK BTPN Tbk
(DAHULU/FORMERLY PT BANK TABUNGAN PENSIUNAN NASIONAL Tbk)
DAN ENTITAS ANAK/AND SUBSIDIARY

LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

TAHUN BERAKHIR 31 DESEMBER 2019 DAN 2018* YEARS ENDED 31 DECEMBER 2019 AND 2018*
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)

Diatribusikan kepada pemilik entitas induk/Attributable to owners of the parent

Modal
ditempatkan Cadangan Cadangan Transaksi
dan disetor Tambahan revaluasi pembayaran dengan Saldo laba yang Saldo laba yang Kepentingan
penuh/ modal aset tetap/ berbasis kepentingan sudah ditentukan belum ditentukan non-
Issued and disetor/ Reserve on saham/ Cadangan nilai non-pengendali/ penggunaannya/ penggunaannya/ Saham pengendali/
fully Additional revaluation Share-based wajar - bersih/ Transaction with Appropriated Unappropriated tresuri/ Non- Jumlah
Catatan/ paid-up paid-in of fixed payment Fair value non-controlling retained retained Treasury Jumlah/ controlling ekuitas/
Notes share capital capital assets reserve reserve - net interest earnings earnings shares Total interest Total equity

Saldo tanggal 1 Januari 2018 116,806 1,429,385 724,449 254,496) 12,875) -) 26,861 14,227,025) (262,404) 16,529,493) 671,304) 17,200,797) Balance as of 1 January 2018
Dampak penyajian kembali mengenai
beban dibayar dimuka, setelah pajak Effect of restatement relating to
penghasilan 48 - - - -) -) -) - (448,257) -) (448,257) -) (448,257) prepayments, net of income tax
Saldo tanggal 1 Januari 2018, setelah Balance as of 1 January 2018,
penyajian kembali 116,806 1,429,385 724,449 254,496) 12,875) -) 26,861 13,778,768) (262,404) 16,081,236) 671,304) 16,752,540) after restatement

Laba bersih tahun berjalan - - - -) -) -) - 1,838,471) -) 1,838,471) 289,593) 2,128,064) Net profit for the year

Laba komprehensif lainnya: Other comprehensive income:

Perubahan nilai wajar atas aset Changes in fair value of available for sale
keuangan tersedia untuk dijual dan and measured at fair value through
diukur pada nilai wajar melalui other comprehensive income
penghasilan komprehensif lain - - - -) (8,379) -) - -) -) (8,379) 282) (8,097) financial assets
Cadangan revaluasi aset tetap - - 77,104 -) -) -) - -) -) 77,104) -) 77,104) Reserve on revaluation of fixed assets
Penilaian kembali liabilitas imbalan -) Remeasurements of employee
kerja karyawan - - - -) -) - 211,991) -) 211,991) 15,093) 227,084) benefits liabilities
Efek pajak terkait - - - -) (969) -) - (52,998) -) (53,967) (3,844) (57,811) Related tax effect

Jumlah laba komprehensif selama Total comprehensive

tahun berjalan - - 77,104 -) (9,348) -) - 1,997,464) -) 2,065,220) 301,124) 2,366,344) income during the year

Cadangan umum anak perusahaan - - - -) -) -) 3,500 (3,500) -) -) -) -) General appropriation of subsidiary

Transaksi dengan kepentingan non- Transaction with

pengendali 1f - - - -) -) (24,267) - -) -) (24,267) 209,242) 184,975) non-controlling interest

Dividen 30 - - - -) -) -) - (574,509) -) (574,509) -) (574,509) Dividend

Opsi saham: Share option:

Penerimaan dari penerbitan saham 1c 227 29,501 - -) -) -) - -) -) 29,728) -) 29,728) Proceed from shares issued
Pembayaran berbasis saham 2ac, 29 - - - 27,252 -) -) - -) -) 27,252) -) 27,252) Share-based payments

117,033 1,458,886 801,553 281,748 3,527) (24,267) 30,361 15,198,223) (262,404) 17,604,660) 1,181,670) 18,786,330)
Saldo tanggal 31 Desember 2018 Balance as of 31 December 2018

*Setelah penyajian kembali (Catatan 48) *After restatement (Note 48)

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak The accompanying notes to the consolidated financial statements form an
terpisahkan dari laporan keuangan konsolidasian secara keseluruhan integral part of these consolidated financial statements
403

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

8
 financial services authority
(OJK) reference
Criteria Page
I. General
1. Annual Report is √
presented in the
form of a printed
document as well as
an electronic copy,
and written in good
and correct Bahasa
Indonesia, also
advised to write the
English version
2. Annual Report is √
printed in good
quality using readable
font type and size
3. Annual Report Company Name and the Year of Annual Report are presented in: √
presents a clear 1. Front Cover Page;
company identity 2. Side;
3. Back Cover Page; and
4. Every page.
4. Annual Report is Including the most recent annual report and at least for the past 4 years. √
presented in the
company website
404 II. Summary of Important Financial Data
1. Information of the The information shall contain amongst others: 4-7
Company financial 1. Business revenue/cost;
position presented in 2. Profit (loss):
comparison format a. Distributed to the owner of parent entity.
of last 3 (three) years 3. Total profit (loss) and other comprehensive income:
of book years or since a. Distributed to the owner of parent entity.
the commencement
of the company
operation in the
case where the the
company business
operation is running in
less than 3 years
2. Information of the The information shall contain amongst others: 8-9
Company financial 1. Assets value;
position presented in 2. Liabilities value; and
comparison of last 3. Equity value.
3 (three) years of
book years or since
the commencement
of the company
operation in the
case where the the
company business
operation is running in
less than 3 years
 Criteria Page
3. Financial Ratio The information contains 5 (five) ratios that are generally known and relevant to the 6
presented comparison company industry.
of the last 3 (three)
years of book
years or since the
commencement
of the company
operation in the
case where the the
company business
operation has been
running in less than
3 years
4. Information of share 1. Information in table format shall contain: 8-9
prices in the form a. Number of outstanding shares;
table and charts* b. Market capitalization;
c. Highest, lowest and closing price of the shares;
d. Trading volume.
2. Information in chart format shall contain at least the shares closing price and
shares trading volume.
For every quarter during the last 2 (two) financial years.
III. Board of Commissioners, Board of Directors, and Sharia Supervisory Board Reports
1. Board of The report shall contain the following: 17-21
Commissioners 1. Performance appraisal of the Board of Directors in managing the Company and the 405
Report basis of the appraisal;
2. The Board of Directors’ view regarding business prospects of the Company and the
underlying consideration;
3. Business Prospects 2019.
2. The Board of The report shall contain the following: 25-29
Directors Report 1. Analysis to the company performance, including amongst others the strategic
policy, comparison between actual achievement and budget, and the obsctacles;
2. Business prospect analysis;
3. Implementation of good corporate governance;
4. Future Plan.
3. Signatures of Board Containing the following: 33-35

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

of Commissioners 1. The signatures are presented in a separate page;
and Board of 2. Statement that Board of Commissioners and Board of Directors are fully
Directors responsible for the accuracy of the content of the annual report;
3. Signed by all members of Board of Commissioners and Board of Directors
specifying the names and position;
4. Written explanation in a separate letter from the respective member(s) Board of
Commissioners and Board of Directors who happen to not sign the annual report,
or written explanation in a separate letter from other member in the case where
written explanation from the respective member is not available.
 Criteria Page
4. The Sharia The report shall contain the following: 308
Supervisory 1. BTPN Syariah’s implementation of Syariah values, concept and principles has
Board Report complied with the prevailing regulations;
2. BTPN Syariah products and services adhered to the Sharia principles;
3. BTPN Syariah’s preset in bringing good and betterment is a form to millions of
the Indonesian people is a manifestation of the most basic application of Sharia
principles.
IV. Company Profile
1. Name and Complete The information contains amongst others: name and address, zip code, phone number, 67,
Address fax number, email and website. Back Cover
of the Company
2. Brief History of the Including amongst others: date/year of establishment, name and changes of 70-73
Company the name (if any).
Note: Should the company never make any changes on the name, it shall be disclosed.
3. Business Overview Overview about: 67,
1. Business activities of the company according to the latest Articles of Association; 302-303
2. Business activities executed; and
3. Products and services offered.
4. Organization In the form of chart, containing the names and positions in the structure at least up to 44-45
Structure one layer below the Board of Directors.
5. Vision, Mission Including: 42
and Culture of 1. Company Vision;
the Company 2. Company Mission;
406 3. Statement regarding the corporate culture in the Company.
6. Identity and Profile The information contains amongst others: 46-49
of the members 1. Name;
of Board of 2. Position (including positions in the other company or institution);
Commissioners 3. Age;
4. Domicile;
5. Education (Subject and Educational Institution);
6. Work Experience (Position, Institution, Term of Office);
7. History of appointment as the Board of Commissioners in the Company.
7. Identity and Profile of The information contains amongst others: 50-54
the members of the 1. Name;
Board of Directors 2. Position (including positions in the other company or institution);
3. Age;
4. Domicile;
5. Education (Subject and Educational Institution);
6. Work Experience (Position, Institution, Term of Office);
7. History of appointment as the Board of Directors in the Company.
8. Identity and Profile of The information contains amongst others: 55-56
the members of the 1. Name;
Sharia Supervisory 2. Position (including positions in the other company or institution);
Board 3. Age;
4. Domicile;
5. Education (Subject and Educational Institution);
6. Work Experience (Position, Institution, Term of Office);
7. History of appointment as the Sharia Supervisory Board in the Company.
 Criteria Page
9. Identity and Profile The information contains amongst others: 57-60
of the members 1. Name;
of the Board of 2. Position (including positions in the other company or institution);
Commissioners 3. Age;
Committee 4. Domicile;
5. Education (Subject and Educational Institution);
6. Work Experience (Position, Institution, Term of Office);
7. History of appointment as the Board of Commissioners Committee in
the Company.
10. Number of The information contains amongst others: 102-106
employees (in 2 1. Number of employees in each level of the organization;
years comparison) 2. Number of employees by education;
and description 3. Number of employees by employment status;
of competency 4. Description and data on employee competency development that had been
development conducted which reflected equal opportunities for each level in the organization;
(such as employee and
training and 5. The expenses occured for employee competency development.
education aspects)
11. Corporation Group The Chart of Corporation Group Structure describing the subsidiary entity, 62
Structure association entity and SPV.
12. Shareholders Containing amongst others: 67-68
Composition 1. Shareholders Composition;
2. Paid Up and Placed Capital;
3. Shareholders’ Profile; 407
4. Ultimate Controlling Shareholders Composition.
13. Share Chronological Including amongst others: 70-73
Records* 1. Share chronological records*;
2. Type of corporate action that caused the changes in the number of shares;
3. Changes in the number of shares from the beginning of the record until the end of
the financial year; and
4. Name of stock exchange where the shares are listed.
14. Name and Address The information contains amongst others: 67-69
of Capital Market 1. Name and address of BAE/institutions that administer the company shares;
Support Institutions 2. Name and address of Public Accounting Firm; and
or Professionals* 3. Name and address of securities rating compay.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

15. Awards Granted The information contains amongst others: 12-13
During The Last 1. Name of the award and/or certification;
Financial Year and/ 2. The year the Award/Certification is granted;
or Valid Certification 3. The agency granting the award and/or certification;
During the Last 4. The period of validity (for certification).
Financial Year Both
in National and
International Context
16. Information on the Containing at least: √
Company Website 1. Information of shareholders up to the last individual shareholders;
2. Corporate Group Structure (if any);
3. Financial Performance Anaylisis;
4. Annual Financial Statements (for the last 5 years); and
5. Board of Commissioners and Board of Directors Profile.
 Criteria Page
V. Management Discussion and Analysis on Company Performance
1. Operational Review Containing information about: 77-112
per Business Segment 1. Financial Review contains amongst others:
a. Business Review.
2. Financial Performance contains amongst others:
a. Assets and Liabilities;
b. Sales/income; and
d. Profitability.
3. Business Review contains amongst others:
a. Funding;
b. Financing.
3. Operational Review contains amongst others:
a. Human Capital;
b. Operational;
c. Information Technology.
2. Company Financial Financial performance analysis including comparison between the current year 82-85
Performance financial performance and the year before and reason for increase/decrease (in the
Description form of naration and table), about amongst others:
1. Liquid asset, non-liquid asset, and total asset;
2. Short-term liabilities, long-term liabilities, and total liabilities;
3. Equity;
4. Sales/Business Revenue, expenses and profit (loss), other comprehensive income
and total profit (loss) and other comprehensive income; and

408 5. Cash Flow.

3. Discussion and Description about: 86-87
analysis regarding 1. Company’s ability to repay the debt, both short term and long term; and
company’s ability 2. Receivables collectibility level.
to repay the debt
and the company’s
receivables
collectibility, by
presenting ratios that
are relevant to the
company industry
4. Discussion about Description about: 86-87
capital structure and 1. The details of capital structure; and
management policy 2. Management policy on capital structure and the basis of the policy.
on capital structure
5. Information The information contains amongst others: 100-111
about comparison 1. Comparison between target in the beginning of the financial year and its
between target in realization; and
the beginning of the 2. The target of projection for the next one year.
financial year and
realization, and the
target of projection
for the next one year
on revenue, profit,
and others that are
deemed important for
the company
6. Material information Description about material activities after the date of accountant report including the 87-88
and fact that occur impact to performance and future business risk.
after the date of Note: should there be no material activities after the date of accountant report, it
accountant report shall be disclosed.
 Criteria Page
7. Description about the Description about the company prospect within the context of general industry and 100
company business economy supported by quantitative data from reliable sources.
prospect
8. Description about Description about marketing aspect of the company products and/or services, 90-100
marketing aspect amongst others marketing strategy and market share.
9. Description about Containing description about: 88
about dividend 1. Kebijakan dividen.
policy and number
of cash dividend per
share and number of
dividend per year that
are announced and
paid during the last 2
(two) financial years
10. Employee Stock Containing description about: 66
Option Program/ 1. Number of ESA and the realization;
Management Stock 2. Time frame;
Option Program 3. Eligibility for employees and/or management;
(ESA) 4. Price.
11. Utilization of funds Containing the information about: 63-65, 87
generated from 1. Total funds generated;
initial public offerings 2. Plan for funds utilization;
(in the case where 3. Details of funds utilization;
the Company is 4. Balance of the funds; and 409
still obliged to 5. Date of GMS approval for the changes of funds utilization (if any).
submit the report of
fund utilization)*
12. Information on No transaction with conflict of interest. 234
material transaction
containing conflict
of interest and/or
transaction with
affiliated parties
13. Description about The description includes amongst others about the changes in laws and regulations 87-88
the changes in laws and the impacts the company.

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

and regulations that Note: Should there be no changes in laws and regulations that significantly impact to
significantly impact the company, it shall be disclosed.
the company
14. Description about the The description includes amongst others: changes in accounting policy, reasons and 87-88
changes in accounting impacts to the financial statement.
policy being Note: Should there be no changes in accounting policy, it shall be disclosed.
implemented in the
company in the last
financial year
 Criteria Page
15. Information on Disclosure of information regarding: 78-79
business continuity 1. Matters that has the potential to significantly impact business continuity during
the last financial year:
a. Economic Review
b. Sharia Banking Industry Review
2. Management of the matters in point (1); and
3. Assumption in managing the matters.
Note: Should there be no matters that has the potential to significantly impact
business continuity during the last financial year, it shall be disclosed about the
assumption that convince the management that there would be no matters that has
the potential to significantly impact business continuity during the last financial year.
VI. Good Corporate Governance
1. Description about The description contains amongst others: 190-201
the Board of 1. Duties and responsibilities of the Board of Commissioners;
Commissioners 2. Training program to improve the competency of the Board of Commissioners or
orientation program for the new Commissioner;
3. Disclosure of the Board of Commissioners Charter.
2. Information about Including amongst others: 193
Independent 1. Criteria for Independent Commissioners ; and
Commissioners 2. Statement on independency of each Independent Commissioner
3. Description of the The description contains amongst others: 209-223
Board of Directors 1. The scope of duties and responsibilities of each member of the Board of Directors;
2. Training program to improve the competency of the Board of Directors or
410 orientation program for the new Director;
3. Disclosure of the Board of Directors Charter.
4. Assessment to Including amongst others: 201-202,
the Board of 1. Performance Appraisal Procedures for Board of Commissioners and the Board of 223
Commissioners Director;
and the 2. Performance Appraisal Criteria for Board of Commissioners and the Board of
Board of Director Director;
3. The party responsible to conduct the performance appraisal.
5. Description about Including amongst others: 224-228
the remuneration 1. Disclosure of the procedures to determine the remuneration for the Board
policy for the Board of Commissioners;
of Commissioners and 2. Disclosure of the procedures to determine the remuneration for the Board
the Board of Director of Directors;
3. Remuneration structure which contains the types and number of short term
incentives, post-service, and/or other long-term incentives for each member of for
the Board of Commissioners;
4. Remuneration structure which contains the types and number of short term
incentives, post-service, and/or other long-term incentives for each member of for
the Board of Directors; and
5. Disclosure of indicators to determine the remuneration of the Board of Directors.
6. Frequency of The information contains amongst others: 199-200,
attendance in the 1. Meeting Date; 206-208,
meetings of Board 2. Meeting Participants; and 217-222
of Commissioners, 3. Meeting Agenda
meetings of Board of For each meeting of Board of Commissioners, Board of Directors and joint meetings.
Directors and joint
meetings of Board
of the Board of
Commissioners and
Board of Directors
 Criteria Page
7. Description about The description contains amongst others: 202-209
the Sharia 1. Duties and responsibilities of the Sharia Supervisory Board;
Supervisory Board 2. Composition and criteria of the member of the Sharia Supervisory Board;
3. Independency of the Sharia Supervisory Board;
4. Competency building training programs for the Sharia Supervisory Board or
Orientation programs;
5. Sharia Supervisory Board Duties and Responsibilities Report;
6. The Schedule and Agenda of the Sharia Supervisory Board Meetings;
7. The application of Sharia Principles in the implementation of funding and financing
services as well as the general services of the Bank.
8. Information on Presented in the form of scheme or diagram. 61
main shareholders
and controlling
shareholders,
both direct and
indirect,
up to the individual
shareholder
9. Disclosure of Including amongst others: 229
affiliation relationship 1. Affiliation relationship between the members of Board of Directors and the other
between the members of the Board of Directors;
members of Board of 2. Affiliation relationship between the members of Board of Directors and the
Directors, Board of member of Board of Commissioners;
Commissioners and 3. Affiliation relationship between the members of Board of Directors and Main 411
Main Shareholders Shareholders and/or Controlling;
and/or Controlling 4. Affiliation relationship between the members of Board of Commissioners and the
Shareholders member of Board of Commissioners;
5. Affiliation relationship between the members of Board of Commissioners and Main
Shareholders and/or Controlling.
Note: should there be no such affiliation relationship, it shall be disclosed.
10. Audit Committee Including amongst others: 230, 258-261
1. Name and position of the members of Audit Committee;
2. Education and work experience qualification of the members of Audit Committee;
3. Independency of the members of Audit Committee;
4. Description of Duties and Responsibilities;

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

5. Brief Report of implementation of Audit Committee activities;
6. Frequency of meetings and frequency of attendance of the members of
Audit Committee.
11. Nomination Including amongst others: 57, 60
Committee/Function 1. Name, position and brief profile of the members of Nomination Committee/
and/or Remuneration Function and/or Remuneration;
2. Independency of Nomination Committee/Function and/or Remuneration;
3. Description of Duties and Responsibilities;
4. Description of the implementation of activities of Nomination Committee/Function
and/or Remuneration;
5. Frequency of meetings and frequency of attendance of Nomination Committee/
Function and/or Remuneration;
6. Statement of the Charter of Nomination Committee/Function and/or
Remuneration;
7. Policy of the Board of Directors succession planning.
 Criteria Page
12. The other Board Including amongst others: 57-59
of Commissioners 1. Name, position and brief profile of the members of the other committees;
Committee in 2. Independency of the other committees;
the Company, 3. Description of Duties and Responsibilities;
Risk Monitoring 4. Description of the implementation of activities of the other committees;
Committee, 5. Frequency of meetings and frequency of attendance of the other committees.
and Integrated
Governance
Committee
13. The Board of Mencakup antara lain 239-240
Directors Committee 1. Tugas dan wewewang komite;
2. Laporan Komite;
3. Rapat komite.
14. Description of duties Including amongst others: 250-257
and responsibilities of 1. Name, domicile and profile of Corporate Secretary;
Corporate Secretary 2. Description of Duties and Responsibilities of Corporate Secretary;
3. Training program to develop the competency of Corporate Secretary.
15. Information of Presented in a table format: 185-189
last year General 1. Decision of last year GMS;
Meetings of 2. Realization of last year GMS in the current year; and
Shareholders (GMS) 3. Reasons for GMS resolutions that are not yet realized.
16. Description about Including amongst others: 258-261
Internal Audit Unit 1. Name of Internal Audit Head;
412 2. Number of Internal Auditor in the Internal Audit Unit;
3. Certification as professional Internal Auditor;
4. Position of Internal Audit Unit in the organization structure of the company;
5. Report of the implementation of internal audit activities;
6. The party responsible to appoint and terminate Internal Audit Head.
17. Public Accountant The information contains amongst others:
1. Name and year the public accountant doing the annual financial statement audit 230
for the last 5 years;
2. Name and year of Public Accounting Firm doing the annual financial statement 230

audit for the last 5 years;

230
3. The magnitude of each type of services performed by the public accountant for the
last financial year; 230
4. Other services performed by the accountant beside annual financial statement
auditing services for the last financial year.
Note: Should there be no such other services, it shall be disclosed.
18. Description of Including amongst others: 114-147
the company 1. Description of risk management system implemented in the company;
risk management 2. Description of evaluation of the effectiveness of risk management system;
3. Description of risks involved in the company business;
4. Efforts to manage the risks.
19. Description of internal Including amongst others: 116-119,
control system 1. Description of internal control system, including amongst others financial and 160-161
operational control;
2. Description of the conformity between internal control system and the generally
accepted framework (COSO-); and
3. Description of evaluation of the effectiveness of internal control system.
 Criteria Page
20. Description of Including amongst others: 295-296
matters related 1. Company policy;
to environment 2. Activities of the environment program related to the company operational
activities, such as the use of environment-friendly and recyclable materials and
energy, company waste processing system, environment consideration in approving
credit for customers, etc.
3. Certification in environment.
21. Description of Including amongst others: 289-290
matters related 1. Company policy; and
employment 2. Activities performed.
and health and Related to employment practices, health and work safety, such as gender and
work safety employment opportunity equality, work safety and infrastructure, employee level,
work accident level, etc.
22. Description of Including amongst others: 292-294
development 1. Company policy;
of society and 2. Activities performed; and
community 3. Expenses disbursed.
For development of society and community, such as the use of local manpower,
empowerment of the community around the company, improvement of social
infrastructure, other donations form, etc.
23. Description of Including amongst others: 296-297
responsibility 1. Company policy; and
to customers 2. Activities performed.
For product responsibility, such as customer health and safety, product information, 413
infrastructure, number and handling of customers complaints, etc.
24. Important case by Including amongst others: 124, 146, 263
which the company, 1. Subject of case/law suit;
subsidiary entity, 2. Status of the case/law suit;
and members 3. Impact to the company; and
of the Board of 4. Administrative sanction being applied to the company, members of the Board of
Commissioners and Commissioners and members of the Board of Directors by respective authorities
the members of the (capital market, banking and others) in the last financial year (unless there are
Board of Directors statement that no administrative sanction is being applied).
in-office during the Note: Should there be no case involve, it shall be disclosed.
period of the annual

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

report are being
involved
25. Access to company Description on the availability of access to company data and information for public, 235
data and information for example through (in Bahasa Indonesia and in English) press, bulletin, meeting with
analysts, etc.
26. Discussion on Code of Containing description of: 233-234
Conduct 1. Content of Code of Conduct;
2. Disclosure that Code of Conduct applies for all levels of the organization;
3. Dissemination of Code of Conduct;
4. Types of sanction for each violation of Code of Conduct;
5. Number of violation of Code of Conduct and the sanctions applied during the last
financial year.
Note: Should there be no violation of Code of Conduct, during the last financial year,
it shall be disclosed.
 Criteria Page
27. Disclosure of Containing description of the mechanism of: 231-232,
internal fraud and 1. Reporting violation; 233-234
whistle blowing 2. Protection for whistleblower;
system 3. Handling complaints;
4. The party responsible to handle complaints;
5. Number of complaints registered and processed during the last financial year and
the follow up actions;
6. Anti fraud strategy.
Note: Should there be no complaints registered in the last financial year, it shall be
disclosed.
28. Policy regarding Description on company policy regarding the diversity in the composition of Board 65, 193-195
the diversity in the of Commissioners, Sharia Supervisory Board, and Board of Directors in terms of
composition of Board education, work experience, age and gender.
of Commissioners, Note: should there be no such policy in place, the reason and consideration shall be
Sharia Supervisory disclosed.
Board, and Board of
Directors
29. good corporate Including among others: 157-173,
governance report 1. The objectives and results of GCG implementation; 262-263, 231
2. Commitment and Standard Quality of GCG Implementation;
3. GCG Policy;
4. Implementation of Public Company Governance Guidelines;
5. GCG Self-Assessment;

414 6. Compliance Report;

7. Provision of Funds to Related Parties and Large Exposures.
VII. Financial Information
1. Statement of Conformity with the regulations regarding Responsibility for Financial Statements. 308
Board of Directors
and/or Board of
Commissioners
regarding the
responsibility for the
Financial Statements*
2. Opinion of 312-313
independent
auditor on financial
statements
3. Description of The description contains: 312-313
independent auditor 1. Name and signature;
giving opinion 2. Date of audit report; and
3. License number of Public Accounting Firm and License number of
Public Accountant.
4. Complete Financial Containing complete elements of Financial Statements: 82-83,
Statements 1. Balance Sheet; 314-334
2. Statement of Profit & Loss and other Comprehensive Income;
3. Statement of changes in equity;
4. Cash Flow Statement;
5. Notes on Financial Statements;
6. Comparative information from the previous period;
7. Financial position report in the beginning of the previous period when the entity
applied restrospective accounting policy or restate the items in the financial
statements, or when the entity reclassify the items in the financial statements (if
relevant).
 Criteria Page
5. Comparison of Comparison of Performance (profit/loss) in the current year and the previous year. 84
Profitability
6. Cash Flow Statement Fulfill the following conditions: 85, 320-321
1. Classification into three category of activities: operations, investment and funding;
2. The use of direct method to report cash flow from the operational activities;
3. Separation of incoming cash and outgoing cash during the financial year in the
operation, investment and funding activities; and
4. Disclosure of non-cash transaction must be stated in the notes of
financial statements.
7. Summary of Including at least: 332-348
accounting policy 1. Statement of compliance to Statement of Accounting Standards (“PSAK”) and
Accounting Guidelines for Indonesian Sharia Banking (“PAPSI”);
2. Basis of measurement and preparation of financial statements;
3. Income tax;
4. Performance incentives; and
5. Financial Instruments.
8. Disclosure of Matters to disclose: 377-378
transaction with 1. The name of related parties and the nature of relationship with the related parties;
related parties 2. The value of transaction and its percentage of the total revenue and expenses; and
3. The remaining balance and its percentage of the total assets and liabilities.
9. Disclosure of taxation Matters to disclose: 363-365
matters 1. Fiscal reconciliation and calculation of tax expense;
2. Explanation of the relationship between (income) tax expense and accounting
profit; 415
3. Statement that taxable income from the reconciliation is the basis in completing
Annual SPT PPh Badan;
4. The details of deferred tax assets and liabilities stated in the balance sheet for
each period and the amount of deferred income tax expense stated in the income
statement should such amount is not reflected in the amount of deferred tax
assets and liabilities stated in the balance sheet;
5. Disclosure whether there is tax disputes or not.
10. Disclosure of matters Matters to disclose: 339-341,
related to fixed assets 1. Method of depreciation applied; 347-348
2. Description of selected accounting policy between revaluation method and cost
method;

PT Bank Tabungan Pensiunan Nasional Syariah Tbk Annual Report 2019

3. Method and significant assumption in estimating fair value of fixed assets (For
revaluation method) or disclosure of fair value of fixed asset (for cost method); and
4. Reconciliation of gross value and accumulated depreciation of fixed asset in
the beginning and ending of the period by showing: addition, deduction and
reclassification.
11. Disclosure of matters Matters to disclose: 382-393
related to Financial 1. The details of Financial Instruments based on classification;
Instruments 2. Fair value and its hierarchy for each classification of financial instruments;
3. Risk management policy;
4. Explanation of risk related to financial instrument: market risk, credit risk and
liquidity risk; and
5. Quantitative risk analysis related to financial instruments.
12. Publishing the Matters to disclose: 311, 329
Financial Statement 1. The date that the financial statements are authorized to publish;
2. Responsible party to authorize financial statements.
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PT Bank Tabungan Pensiunan Nasional Syariah Tbk
Menara BTPN, Lt. 12 – CBD Mega Kuningan
Jl. Dr. Ide Anak Agung Gde Agung, Kav. 5.5-5.6
Jakarta Selatan 12950, Indonesia
Tel. +62 21 300 26 400
Fax. +62 21 292 72 096
www.btpnsyariah.com