MNC GROUP INVESTOR FORUM:

Financial Services
Industry: Then & Now
March 02, 2021

Wimboh Santoso
The Chairman of Indonesia Financial Services Authority
 GLOBAL AND DOMESTIC COVID-19 CASES
Indonesia's Active Covid-19 Cases is The Highest in Asia Various countries re-implement lockdown which potentially
implies slowing economic growth in Q1 2021

1,34
114 Million Cases Cases 2020 2021
Million Stringency
36,3 Q1 Q2 Q3 Q4 Q1
2,52,2 juta
Million Death 2,2 juta Death
Thousand
AS 22 72 68 67 71
EU 24 68 46 56 69
Indonesia new covid-19 cases curve has flattening with fatality rate 2,7% Jepang 28 39 30 37 49
Jerman 28 67 57 61 83
Perancis 37 78 48 62 64
Inggris 24 75 67 69 85
Italia 59 70 54 66 80
Spanyol 32 73 61 68 72

Tiongkok 75 71 78 68 78
Indonesia 42 70 60 61 64
Malaysia 32 68 53 66 75
Filipina 44 92 78 68 61
Thailand 13 71 52 49 55
Vietnam 42 75 68 57 64
2
Source: ourworldindata as of 1 Mar 2021,
covid19.go.id
 Measures to
1 contain virus • Lockdown Vaccination
4
spread • Health protocol implementation Massive vaccination plan for 181.5 Million
People in 2 phase (until March 2022)
Measures to mitigate social impact
2 Pandemic & lockdown period pushes millions of
people unemployed and toward starvation & poverty
Continuing Stimulus Policy

• Social safety net

• Economic Recovery Program Budget in 2021
increase (IDR699 T) 5
• Food packages under social assistance program • Lowering benchmark interest rate (3,5%)
• Loan &financing restructuring cont’d until 2021

Extraordinary Measures for

Boost Demand for Recovery
3 Economy & Financial Stability • Tax incentives 0% to boost car & 6
• Fiscal incentives & Widened the budget house sales
deficit (6,3% in 2020) • LTV & Risk Weighted Asset relaxation
• Quantitative easing & lowering policy rate for automotive & housing sectors
• Loan Restructuring & policies to stabilize • Digitalization of financial service
financial markets (trading halt, asymmetric sector
autorejection)

PPKM 1 PPKM 2 PPKM 3

11-25 Jan 26 Jan – 8 Feb 9 – 21 Feb

171,2 k 166,8 k 112,6 k

Covid-19 Covid-19 Covid-19
Case Case Case

S U R V I VA L P E R I O D RECOVERY PERIOD 3
 SINERGY OF POLICIES BETWEEN OJK, BANK OF INDONESIA, AND GOVERNMENT

OJK Policy:
 Market Stability and Market Sentiment
Approach
 Massive and Effective Communication
of Policies to Public

Investors Outflow

Financial
Debtor Loan Loss Loan Inflow

Default Risk
Provision Sector Liquidity Risk
(CKPN) Deposit Outflow
(Bank, NBFI, Capital Market)

OJK Policy Government Policy:

 Debt Restructuring CAPITAL LIQUIDITY  Government Placement
 Additional Working Capital on Commercial Banks
Credit Support  Budget Deficit Policy

Government Policy: Bank Indonesia Policy:

 Interest Subsidy  Liquidity Support
 Financing Guarantee Program Support The National  Quantitative Easing
Economic Recovery Program  LTV relaxation

4
 POLICIES TO SUPPORT ECONOMIC RECOVERY
OJK Regulation No. 11/POJK.03/2020 OJK Regulation No. 48/POJK.03/2020
Valid until March 31st, 2021 Valid until March 31st, 2022

Through this regulation OJK provides credit restructuring mechanism and
relaxation of credit assessment to debtors whose businesses are affected by
the pandemic.
OJK Regulation No. 14/POJK.05/2020
Valid until Dec 31st, 2020
The purpose of issuing POJK 14/2020 is as a legal basis in encouraging the
optimization of the performance of Non-Bank Financial Services Institutions
(NBFI). This POJK regulates deadlines for periodic reports submission, fit and
proper test, and determining the quality of financing assets, financing
restructuring and new financing.
OJK extend bank credit restructuring policy from March 2021 to March 2022 with the
issuance of POJK 48/ POJK.03/2020.
OJK Regulation No. 58/POJK.05/2020
Valid until April 17th, 2022
As a continuous effort in maintaining NBFI’s stability, OJK extends POJK 14/20, also adding
regulations regarding, subjects of the matter, and increasing relaxations such as, meetings
technicalities, required working capital, relaxation of securities issuance in the form of debt
securities, and extending time to submit reports.

The Pandemic raises various risks that affect the financial system, namely default debtors, investor outflows, liquidity risk and capital risk. Credit restructuring relaxation policy by OJK, reducing
the volatility of the capital market to assist financial services institutions in mitigating risks and helping businesses to continue their business activities in the midst of a pandemic. Some other
OJK's support for the PEN program includes:
MSME’s Loan Guarantee Corporate Loan Guarantee Government Fund Placement
Interest Subsidy

Providing related data regarding banking
debtors, finance company,
Government’s Program Loan, which
becomes the basis of giving interest
subsidy.
Coordinating with Ministry of Finance in
formulating the framework of implementing policy
related to MSME’s loan guarantee and providing
information of criteria that can receive the
guarantee.
Coordinating with Ministry of Finance in
formulating the framework of implementing policy
related to Corporate Loan guarantee and providing
information of criteria that can receive the
guarantee.
Coordinating with Ministry of Finance in
assessing prospective Commercial Bank
Partners as well as information & data
exchange.

Realization of the Government Fund Placement Program

OJK is actively monitoring Government fund placement to State-Owned Bank, Regional Development Bank and Sharia Bank total Rp66,75 T (USD 4.73
Billion). Various government stimulant such as government funds in these industry may encourage lending to accelerate the growth of the economy.

State-Owned Bank Regional Development Bank Sharia Bank

Loan Loan Loan
Disbursement Rp272,59 T Disbursement Rp44,28 T Disbursement Rp8,6 T
USD19.4 Billion USD3.14 Billion USD0.6 Billion 5
 DOMESTIC ECONOMIC RECOVERY HAS STARTED SINCE Q3 2020
Indonesia experienced its first recession in two decades. However, Positive sentiment of economic recovery has brought domestic JCI's strengthening at the end of the year
with a steady reopening of the economy in 2021 followed by financial market to perform even better than its pre-pandemic level was also supported by vaccine approval by
further reopening and decline in social distancing, growth would IHSG mtm (%) the FDA, and arrival of Sinovac vaccine.
MAL -1.71%
rebound in 2021. As of 1-Mar-2021
PHIL -1.69% Feb-20 5452.7 -10.77
Indonesian GDP Growth (yoy) UK 1.06% Mar-20 4414.5
7000 IHSG 6338.51,
-19.04 6% ytd
FRANCE 2.13% 6500
Apr-20 4716.4 6.84
8.00
5.03 5.17
4.8
GER 2.35% 6000 IHSG
5.07 5.03 4.5 May-20 4753.6 0.79
4.5 US 2.69%
4.00 Jun-20 4905.4 3.19 5500
-0.3 4.4 SIN 2.76%
2.97
0 4 THAI 4.07% Jul-20 5149.6 4.98 5000
0.00
-1 INDO 4.07% Aug-20 5346.7 3.83 4500
-1 TURK 4.66%
-4.00 -2.4 Sep-20 4879.1 -6.86
4000
-3.49 WORLD 5.18% Oct-20 5128.2 5.11
-5.32 -2.07 CHIN 5.24% 3500
-8.00 Nov-20 5612.4 9.44

29-Jan-20

29-Mar-20
28-Apr-20

25-Oct-20

23-Jan-21
27-Jul-20
26-Aug-20
27-Jun-20
30-Dec-19

28-May-20

24-Dec-20
28-Feb-20

25-Sep-20

24-Nov-20

22-Feb-21
2016 2017 2018 2019 Q1 2020 Q2 2020 Q3 2020 2020* 2021* JPN 7.72%
Dec-20 5979.1 6.53
S KOREA 7.90%
GDP Growth (yoy) IMF World Bank HKN 10.81%
ADB Bloomberg OECD Jan-21 5862.3 -1.95
-4% 0% 4% 8% 12%
Feb-21 6241.5 3.62
Confidence in domestic market recovery
encourages non-resident investors to invest
Budget Realization on National Economic Recovery Program (PEN) Capital raising through securities issuance reached IDR118.7 in both gov’t debt securities and equity
has reached 83.4% of IDR695,2 Tn (USD 47,9 Bn) budget allocation Tn in 2020. Indonesia recorded the highest number of IPOs market which recorded a net buy in
(4.4% of 2020 GDP) as of 31 December 2020. among ASEAN countries (53 issuers as of December-2020) February 2021.
The realization
100 Gov't Debt Securities Equity
83.40% continues in 2021 IDR Tn IPO
Rights Issue 50
with adjusted 180 Corporate Bond & Sukuk
3.79 10.02
62.1%
52.3%
431.54
579.78 allocation, 160
140
0
45.8%
120 -50
30.4% 355.1 100
92.3
21.2% 318.5
80 -100
211.6 60
147.7 20.3
40 -150
Jul-20 Agu-20 Sep-20 Okt-20 Nov-20 Des-20 6.1

Jan-19

May-19
Jul-19

Mar-20

Nov-20
Sep-20
Jan-20

Jan-21
May-20
Mar-19

Jul-20
Sep-19
20

Nov-19
Realization (in IDR Trillion) % of Realization 0
2016 2017 2018 2019 2020
6
 STRONG SIGNALS OF RECOVERY

CAR SALES 6,1% -48.35%

MANUFACTURING PMI ON 52,2 Des-20 mtm YOY
EXPANSION ZONE JAN-21
(Des-20 51,3) 120000 700000
100000 600000
500000
80000
400000
60000
300000
40000
200000
20000 100000
0 0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Car 2019 Car 2020
Source : HIS Markit Motorcycle 2019 (Rhs) Motorcycle 2020 (Rhs)

CEMENT PROCUREMENT
3.11%
RETAIL SALES 4.8% Dec-20 Q3 to Q4
Dec-20 yoy
4.8
18.06
Dec-20 million
tons
-19.2

Nov-20
Jun-20

Aug-20
Apr-20

May-20
Jan-20

Jan-21
Dec-20
Jul-20
Feb-20

Mar-20

Sep-20

Oct-20
YoY MtM
Source : Bank Indonesia
7
Source : Kemenperin
 GROWING PUBLIC PURCHASING POWER TO BOOST THE ECONOMY
The latest mobility data in Q1-2021 shows a The decline in both spending and commuting Population mobility has been shown to be
decline, lower than S2-2020… activities, the lowest since May 2020 … positively correlated with GDP during 2020 …
20 Spending: supermarket, restaurant, mall 15%
normal 10 2020: Q1 Q2
2020: Q1 Q2 Mobility: station, park, office Q3 Q4
15 Q3 Q4 0 10%
-10 -15 2021: Q1F
2021: Q1 5%

PDB % qtq
10 -20
-30 0%
5 -40 -5%
-31
-50
-10%

07-Jul-20
27-Jul-20

03-Jan-21
23-Jan-21
18-Feb-20

15-Okt-20

12-Feb-21
05-Sep-20
25-Sep-20
18-Apr-20

14-Des-20
09-Mar-20
29-Mar-20

08-Mei-20
28-Mei-20

04-Nov-20
24-Nov-20
17-Jun-20

16-Agu-20
0
-15%
<-30

0 - 2.5
2.5 - 5
5 - 7.5
-30 - -27.5
-27.5 - -25
-25 - -22.5
-22.5 - -20
-20 - -17.5
-17.5 - -15
-15 - -12.5
-12.5 - -10

-2.5 - 0
-10 - -7.5
-7.5 - -5
-5 - -2.5

-35% -25% -15% -5% 5% 15% 25%

qtq population mobility

Consumer confidence in buying durable goods has The DBS Consumer Survey shows that people consume more for their food needs than before the
decreased, especially among respondents who pandemic. People tend to hold back on consumption and choose to save and invest
spend Rp3.1 - 4 million per month
Food as % ofconsumption basket: Before vs after COVID-19
51.4% Food before Food after

50.1%
49.5% 49.3% 49.5%
49.1% 49.0%
48.8% 48.9%
48.6%

Current Income Employment Availability Durable Good Purchase

2010 2018 2019* 2020F 2021F 2022F

Sumber: BI, BPS, Google Community Mobility Reports per 17 Februari 2021, Bloomberg, MIT COVID Analytics, Kawal COVID-19, DBS 8
 FINANCIAL SERVICES SECTOR HIGHLIGHT
CAPITAL MARKET BANKING
HIGHLIGHTS 6.338,5 (March 1, 2021) Item
INTERMEDIATION
Des 2020 Jan 2021
Loan (IDR) 5.481,6 T 5.391,7 T
CAPITAL INFLOW/OUTFLOW (YoY) -2,41% -1,92%
Strong capital Net buy/sell Des-20 TOTAL Third Party Fund (IDR) 6.665 T 6.569,7 T
ratio and ample Jan-21 Feb-21 Ytd (YoY) 11,11% 10,57%
2020
LDR 82,24% 82,15%
liquidity Stock (IDR T) -3,96 -47,81 10,94 3,6 14,54
CAPITAL
Govt Bond 3,40 -87,95 13,41 -15,92 -2,52 CAR 23,78% 24,50%*
(IDR T)
-1,92% Loan Growth LOCAL INVESTOR PORTION PROFITABILITY
yoy (Jan-21) Item Des 2020 Jan 2021
Oct-20 Nov-20 Dec-20 Jan-21
Net Profit yoy -33,08% -13,32%
% local investor
51,1 50,2 50,6 - NIM 4,32% 4,55%
Capital Inflow ownership
Rp24,34 BOPO 86,55% 84,58%
Trillion (Jan-21) Local investor
3,4 3,6 3,9 4,22 RISK PROFILE
number
CREDIT RISK

53
Highest number NON-BANK FI Item Des 2020 Jan 2021
of IPO in ASEAN CAPITAL NPL Gross 3,06% 3,17%
Emiten
(2020) Item Des 2020 Jan 2021 NPL Net 0,98% 1,03%

RBC General Insurance 343% 329% MARKET RISK

Total capital RBC Life Insurance 529% 535% PDN 1,58% 1,73%
4,22 market investor Gearing Ratio 2,15x 2,11x LIQUIDITY RISK
million (Jan-21) AL/NCD 146,7% 147,1%
FINANCING RISK
Liquid Asset IDR 2.112 T IDR 2.079 T 9
NPF Financing Companies 4,01% 3,9%
Liquid Asset 17-Feb-21 IDR 2.219 T *Temporary data on commercial bank
 JCI (IHSG) PERFORMANCE STRENGTHENED
The strengthening of the JCI was supported by domestic retail investors
JCI strengthened by 6% ytd Total Investor (million) 25.00 1.49 1.60

Billions

Millions
IHSG 4,22 1.40
7000 450 3.88 20.00 20.911.20
Frekuensi
Highest
Volatilitas (rhs) IHSG
transaksi
Transaction 6338.51, 6% 15.00 1.00
400
Frequency
tertinggi ytd 0.80
6500
(14-Jan-21)
2.48
10.00 0.60
350
1.62 5.00
0.40
6000
1.12 0.20
300 0.89
- -
5,979.07
2018 2019 2020 s.d Feb
30-Nov-20; 2021
5500
5,612.42 250
transaksi Transaction
Volume Volume
Transaksi (share)
(share)
2016 2017 2018 2019 2020 Jan-21
tertinggi Transaction
Frekuensi Frequency
Transaksi
200
5000
In early 2021, the number of capital market investors reached 4.22 million, dominated
by retail investors of 99.6% and investors under 30 years of age and investors with
150 income of 10-100 million dominating over 50%.
4500 Meanwhile, activity in the capital market is getting more stretched in terms of the
frequency and volume of transactions, which increased sharply during the pandemic,
100
where on 14-Jan it set a record for the highest frequency
4000 miliar USD
50 20 Capital inflow/outflow Stock and Gov’t Bond
0
-20
3500 0
-40
1-Jun-20
13-Jan-20
27-Jan-20

23-Mar-20

20-Apr-20
4-May-20

19-Oct-20

11-Jan-21
25-Jan-21
13-Jul-20
27-Jul-20
10-Aug-20
24-Aug-20
15-Jun-20
29-Jun-20

7-Sep-20

2-Nov-20

8-Feb-21
30-Dec-19

9-Mar-20

6-Apr-20

18-May-20

5-Oct-20

14-Dec-20
28-Dec-20
10-Feb-20
24-Feb-20

21-Sep-20

16-Nov-20
30-Nov-20

22-Feb-21

-60
-80 India Indonesia Malaysia Filipina Thailand Vietnam
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb 10
 Loan Based on Debtor Category and Usage Type

DEBTOR TYPE Type of Purposes Modal

WorkingKerja
Capital

18.00% Konsumsi
Consumer
12.00%
Investasi
Investment
10.00% 16.00%
8.00% Total
TotalKredit
Loan
14.00%
6.00%
4.00% 12.00%
10.29%
2.00%
-1.66% 10.00%
0.00%
-1.92% 8.00%
-2.00%
-2.00% 6.09%
-4.00% 6.00%
-6.00% -3.48% 5.93%
4.00%
-8.00%
3.41%
2.00%

0.00%
Kredit Korporasi
Corporate Loan Kredit Pemerintah
Government (+BUMN)
Loan (+ SOE)

Total Kredit
Total Loan Kredit
MSME UMKM
Loan

Based on the type of purposes growth on a yoy & mtm basis, all of them
The contraction in total loan growth was mainly due to corporate loan
still contracted, but working capital loan with a 44.4% share of total loan
with a 38.75% share of total loan which contracted significantly -3.48%
had the largest contraction of -3.21% yoy (Des'20: -4.31%) and -2.90 %
yoy (Dec 20: -3.36%) and -2.87% mtm (Dec 20: 1.16%) )
mom (Dec'20: 0.57%)
%%Pertumbuhan
Growth Nominal %%Growth
Pertumbuhan Nominal
KATEGORI DEBITUR
Debtor Category Jan-20 Dec-20 Jan-21 Porsi
Portion JENIS PENGGUNAAN
Purposes Jan-20 Dec-20 Jan-21 Porsi
Portion
yoy mtm yoy mtm yoy mtm yoy mtm
UMKM
MSME Loan 1.093,0 1.088,3 1.074,9 19,9% -1,66% -1,23% -18,1 -13,4
Modal KerjaCapital
Working 2.473,1 2.465,4 2.393,8 44,4% -3,21% -2,90% -79,3 -71,6
Corporate Loan
Korporasi 2.166,8 2.153,1 2.091,4 38,8% -3,48% -2,87% -75,3 -61,7
Konsumsi
Consumer 1.557,7 1.547,5 1.541,8 28,6% -1,02% -0,37% -15,9 -5,6 Investasi
Investment 1.472,0 1.468,7 1.461,5 27,1% -0,71% -0,49% -10,5 -7,2
Pemerintah
Gov’t + SOE[+BUMN] 521,2 514,7 510,8 9,5% -2,00% -0,76% -10,4 -3,9 Konsumsi
Consumer 1.557,7 1.547,5 1.541,8 28,6% -1,02% -0,36% -15,9 -5,6
Perseorangan
Individual 164,0 177,9 178,1 3,3% 8,59% 0,14% 14,1 0,3 TOTAL 5.502,8 5.481,6 5.397,1 100% -1,92% -1,54% -105,7 -84,4
TOTAL 5.502,8 5.481,6 5.397,1 100% -1,92% -1,54% -105,7 -84,4 11
Sumber: diolah dari LBU
 BANKS’ CAPITAL, RISK, AND LIQUIDITY PROFILE

CAPITAL CREDIT RISK (NPL)

7,000.00 25.00% 3.50% 3.17%1.30%
24.50% 5,863
6,000.00 24.50% 3.00% 1.20%

5,000.00 2.50% 1.10%

23.78% 24.00%
4,000.00 2.00% 1.00%
23.31% 23.50% 1.03% 0.90%
1.50%
3,000.00
22.89%
23.00% 1.00% 0.80%
2,000.00 1,436.20
0.50% 0.70%
1,000.00 22.50%
0.00% 0.60%
- 22.00%
2018 2019 2020 Jan-2021

Modal ATMR CAR NPL gross NPL Nett

*CAR BUK Jan-21

100.00%
LIQUIDITY 2.219 14.00%
LDR Loan growth
Kredit YoY ThirdYoY
DPK Party Fund yoy
17/02/21 12.00% yoy
10.57%

91.92%
2,400 170.00%
10.00% 11.11% 95.00%
ALNCD (RHS) AL NCD 160.00%
2,200
150.00% 8.00%
2,000 90.00%
140.00% 6.00%

82.24%
1,800

82.15%
1.241 130.00% 4.00%
85.00%
1,600 15/01/20 120.00%
157,14% 2.00%
110.00%
1,400 0.00%
100.00% 80.00%
-2.41%
1,200
90.00%
-2.00% -1.92%

1,000 80.00% -4.00% 75.00%

6-Apr-20
22-May-19

16-May-20
5-Jun-20
2-Jan-19

3-Mar-19
12-Apr-19

9-Oct-19

28-Dec-19

4-Aug-20

22-Dec-20
26-Apr-20

3-Oct-20
11-Jun-19
22-Jan-19

23-Mar-19

1-Jul-19
10-Aug-19
30-Aug-19

17-Mar-20

25-Jun-20

24-Aug-20
29-Oct-19

17-Jan-20
6-Feb-20
18-Nov-19

23-Oct-20

11-Jan-21
31-Jan-21
12-Nov-20
11-Feb-19

21-Jul-19
2-May-19

19-Sep-19

26-Feb-20

15-Jul-20

13-Sep-20
8-Dec-19

2-Dec-20

Jan-19
Feb-19
Mar-19
Apr-19
Mei-19
Jun-19
Jul-19
Agu-19
Sep-19
Okt-19
Nov-19
Des-19
Jan-20
Feb-20
Mar-20
Apr-20
Mei-20
Jun-20
Jul-20
Agu-20
Sep-20
Okt-20
Nov-20
Des-20
Jan-21
12 12
 INTEREST RATE

Interest Rate

Lending Rate
12.50 11.43
10.95
10.50 10.13 The lending rate (SBK) has experienced a downward trend
9.27
8.50
9.87
8.83
in all types of Loan usage, even the SBK for investment and
6.50 6.87 working capital SBK has reached single digits. Details of the
6.00 5.00
5.64 decline in SBK since the position in January last year:
4.50
3.75
2.50  SBK for Working Capital decreased by 86 bps to 9.27%
 SBK Investment decreased 105 bps to 8,83%
KMK KI KK Policy rate Deposito 12m  SBK Consumer decreased 49 bps to 10,95%
Working
Investment Consumer Policy Rate Deposit 12 m
Capital

10.00
Base Lending Rate The Base Lending Rate in all loan segments is also
9.50 reached single digit:
9.00
 Retail 8,76%
8.50
8.76
8.60  Corporate 8,60%
8.00
8.53
 Mortgage 8,53%
8.19
 Non-Mortgage 8,19%
7.50
7.19  Micro 7,19%
7.00
Des-19 Jan-20 Feb-20 Mar-20 Apr-20 Mei-20 Jun-20 Jul-20 Agu-20 Sep-20 Okt-20 Nov-20 Des-20 Jan-21

Korporasi Ritel Mikro KPR Non-KPR 13

Corporate Retail Micro Mortgage Non-Mortgage
 HEALTHCARE AND PUBLIC HEALTH SECTOR UPDATE
WAVE 1: JAN-APR 2021 WAVE 2: APR 2021-MAR 2022

VACCINATION
PLAN

181.5 Health Workers Public Officers &

Senior People
Vulnerable People Others
Million People
1.46 16.9 63.9 77.7
Million HW Million PO Million People Million People
21.5
PROGRESS (Feb 19th) Million Elders
Stage 1: 81.09%
Stage 2: 45.54%

ZONING
AREA

NEW RESTRICTION POLICY: PPKM

Extended from February 23rd
to March 8th 2021 14
 ECONOMIC RECOVERY PROGRAM (PEN) BUDGETING
Budget Allocation 2021: HEALTHCARE: SOCIAL PROTECTION: PRIORITY PROGRAMS:
$12.3 Billion (IDR176,3 Tn) $10.7 Billion (IDR 157,4 Tn) $8.8 Billion (IDR125,06 Tn)

$48.9
Billion 1. Vaccine procurement and 1. Tourism
operating costs 1. Family Hope Program (PKH) 2. Food Estate
(Rp699,4 2. Facilities and infrastructure and 2. Basic Food Card 3. ICT Development
3. Pre-Employment Support
Trillion) medical devices
4. Village Fund Direct Cash Assistance
4.
5.
Subsidy
Regional Loans
3. Hospital treatment subsidy
4. Health incentives and 5. Cash Social Assistance 6. Labor Intensive (Gov’t Institution)
compensation for mortality cases 6. Distance Learning Quota Subsidy 7. Industrial Area
5. BPJS Contribution Assistance 7. Electricity Discount 8. Other Priority Programs

MSME SUPPORT & CORPORATE FINANCING: ENTERPRENEURSHIP & TAX INCENTIVES:

$13.3 Billion (IDR186,8 Tn) $3.8 Billion (IDR53,86 Tn)

1. Interest subsidy for KUR (MSME Loan) and

non-KUR (Non-MSME Loan)
1. Income Tax Exemption
2. MSME and Corporation Loss Limit Guarantee
2. Income Tax Exemption for MSME
3. MSME and Corporation Guarantee Fees (IJP)
3. Import Tax Exemption
4. Minimum account exemption
4. VAT Incentives
5. Placement of Funds and Reserves
5. Corporate Tax Cut
6. National Investment to State Owned
6. Export-Import Tax Incentives
Enterprises
7. Import Duty Incentives
15
 Stock Market Stabilization Policy
Sovereign Wealth Fund  Prohibit Short Selling
Provision of funds from financial services  Trading Halt at 5%
institutions to the Sovereign Wealth Fund (LPI) :  Auto Rejection Limit Adjustment
RWA  0%  Share Buyback Without General
Shareholders Meeting (RUPS)

MSME Digitalization
Expanding the UMKM digitization
ecosystem from upstream to
downstream with the UMKM-MU
platform, and Bank Wakaf Mikro
Mobile

Mortgage
Down Payment 0-30% (LTV ≥70%) RWA 35%
Down Payment 30-50% (LTV 50-70%) RWA 25% Vehicle Loan and Car Financing
Down Payment ≥ 50% (LTV ≤ 50%) RWA 20% 1. RWA for Car/Motorcycle Loan (KKB): 100%  50%
2. Banks with risk profile 1 and 2 may provide loan
for automotive sector:
Healthcare Industry Credit Support Down Payment 0%
3. RWA for battery-based/electric vehicle manufacturers
RWA for heathcare and public health:
(KBLBB): 100%  50%
100%  50% 16
 LOAN RESTRUCTURING RELATED TO COVID-19
Total Debtors
Banking Loan Restructuring 9,000,000
Perbankan
Realised 8-Feb: Number of Account Outstanding 8,000,000
7,000,000
MSME 6,2 million Rp388,3 Trillion 6,000,000
5,000,000
(USD27.57 Billion)
4,000,000
Non-MSME 1,8 million Rp599,15 Trillion 3,000,000
2,000,000
(USD42.54 Billion) 1,000,000
Total 7,9 million Rp987,5 Trillion -

(USD70,11 Billion)

2019 2020 UMKM Non UMKM Total

Debt Restructuring:
5.34%
of Loan
17.73%
of Loan Outstanding (IDR billion)
1,200,000

NBFI Financing Restructuring 1,000,000

800,000
Number of Outstanding
600,000
Account
400,000
Financing Companies 5,03 million Rp191,46 Trillion
(22 Feb 2021) contracts 200,000

Microfinanced Institution From 32 LKM Rp26,44 Billion -

(August 2020)
Bank Wakaf Mikro From 13 BWM Rp4,52 Billion
(August 2020) UMKM Non UMKM Total

17
 INDONESIA FINANCIAL SERVICES OUTLOOK 2021

OJK FORECAST ECONOMIC GROWTH FORECAST

01 LOAN GROWTH
Loan is estimated to grow in 2020
according to the banks’ business plan
in the range of 7,5% ± 1% (yoy) in line IMF World Bank OECD ADB Government
with the recovery of national economic (Jan 2021) (Jan 2021) (Dec 2020) (Dec 2020) (Feb 2021)
growth.

THIRD PARTY 2021 4,8% 4,4% 4% 4,5% 4,5%-5,3%

FUNDS GROWTH 02
Third Party Funds is expected to grow solidly
in the range of 11% ± 1% yoy in 2021 in line
with the gradual increase in economic BANKS’ BUSINESS PLAN
activity, public spending & investment
DEC-2020 2021 2022 2023

03 FINANCING GROWTH TPF 11,11% 7,14% 9,04% 9,88%

Financing is predicted to grow at the level
of 4% ± 1% (yoy) in 2021 LOAN -2,41% 7,13% 9,27% 10,43%

ASSET 7,18% 7,64% 8,72% 8,93%

CAPITAL MARKET 04
FUND RAISING LDR 82,24% 87,83% 88,02% 88,46%

capital market is estimated to grow in a

range Rp150 s.d Rp180 T (USD 10,65 CAR 23,78% 23,03% 23,69% 23,40%
billion – USD 12,78 billion) 18
THANK YOU