Annual General Meeting of Shareholders Fiscal Year 2016 PT Bank Pembangunan Daerah Jawa Timur Tbk

Date: 01 february 2017

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January 31, 2017, PT Bank Pembangunan Daerah Jawa Timur Tbk (bankjatim) held The Annual General Meeting of Shareholders Fiscal year 2016 (RUPS TB 2016) in Bromo Room, bankjatim Main Office 5th floor, Surabaya

AGENDA of AGM FY 2016, consist of:

  1. Approval of the Annual Report with regards to the state and the course of the Company during Fiscal Year 2016, including the Report of the Board of Commissioners Supervisory Duties during the Fiscal Year 2016 and the Ratification of the Company’s Financial Statements for Fiscal Year 2016;
  2.  Determination the Use of the Company’s Net Income for the Fiscal Year 2016, including bonuses for employees as well as Tantiem for the Directors and Board of Commissioners;
  3. Approval of the Shares Buyback scheme in the context of Long Term Incentive Implementation;
  4.  Authorize the Board of Directors by the approval of the Board of Commissioners to Appoint a Public Accounting Firm in Auditing the Company’s Financial Statements for Fiscal Year 2017;
  5. Report of the Use of Company Shares Initial Public Offering Proceeds in 2016;
  6. Refund of the Sinoman Community to the Company’s General Reserve Post;
  7. Authorize the Board of Commissioners to make adjustment of the Company’s Capital, which hereby changes the Article 4 of Articles of Association in the connection with the implementation of Management Employee Stock Options Plan (MESOP);
  8. Approval of the Agenda Decision Amendment 6 in the Company’s Annual General Meeting of the Shareholders, which was convened on January 29, 2016 related to the Implementation Licensing of Sharia Unit’s Spin-Off into Sharia Bank

In the midst of the instability of global economic conditions in 2016, bankjatim is still able to show growth and good performance of financial performance when compared to the same period the previous year (Year on Year / YoY). Based on the financial statements of fiscal year 2016 (audited), profit before tax was recorded 1.45 trillion bankjatim grew 15.13% (YoY), while net income bankjatim was,recorded 1.03 trillion, up 16.25% over the previous year (YoY).

In Sector of Third Party Funds and financing, savings and consumer loans sector of bankjatim still dominate the growth during 2016. Savings recorded a growth of 12.61% (YoY) or by 14.36 trillion, and consumer loans, grew 8.89% or by 19 80 trillion (YoY). This represents an increase of public confidence, especially bankjatim customers. Noted, for more than 14 years, CASA ratio bankjatim always be above 65%. In 2016, CASA bankjatim ratio of 78.21%.

Judging from the financial ratios belongs to bankjatim, it had a better position in December 2016 compared to the same period the previous year, among others, Return on Equity (ROE) of 17.82% from the previous 16.11%, Net Interest Margin (NIM) of 6.94% from the previous 6.41%, Return on Assets (ROA) in 2015 to 2.67% to 2.98%, and the efficiency occurs on Operating Income compared to Operating Expenses (BOPO) of 76.12% to 72.22%

THE BEST ACHIEVEMENTS OF BANKJATIM IN 2016

There are a total of 50 (fifty) prestigious awards that have been achieved by bankjatim during 2016, including:

a. Best Exhibitor Investor Summit and Capital Market Expo from the Indonesia Stock Exchange (20/08/2016);

b. Excellent Predicated Bank regarding Top Financial Performance in 2015 from Infobank (08/25/2016);

c. 1st Annual Report Award 2016 from the FSA (OJK), BI and KNKG (29/09/2016);

d. Top Bank in 2016, BPD top category from BusinessNews (29/11/2016);

e. Padmamitra Award from the Ministry of Social Affairs (19/12/2016);

f. Award for the Active Role of Warehouse Receipt Financing Agency from the Ministry of Commerce (30/12/2016).

Bankjatim’s achievement and performance in 2017 are expected to increase, especially with the operation of Batam Branch on January 13, 2017. The development of services with the planned establishment of regional offices and the addition of new operational network in the level of Assistant Branch up to the ATM, as well as product development will massively be conducted by bankjatim this year

JATIM BANK'S BUSINESS PLAN IN 2017

Broadly speaking, the following below is bankjatim’s  Business Plan in 2017:

  1. bankjatim’s products and services development, including:
    1. Tabungan Siklus Valas;
    2. Bancassurance;
    3. Virtual Account, dan;
    4. Program Giro Plus.
  2. The increase of Third Party Funds by 12.57%;;
  3. The increase of loan portfolio by 11.75%, and;
  4. The increase of total assets by 11.42%.