BUSINESS ACTIVITIES PURSUANT TO ARTICLES OF ASSOCIATION
According to the most recent CIMB Niaga Articles of Association, CIMB Niaga was established with the goal and objective of carrying out business activities in the Commercial Banking sector, as stated in Deed No. 14 dated 8 April 2022, made before Ashoya Ratam, S.H., M.Kn., Notary in the Administrative City of South Jakarta. To achieve these goals and objectives, CIMB Niaga may engage in the following main and supporting business activities:
MAIN BUSINESS ACTIVITIES
- Collect funds from the public in the form of deposits, namely current accounts, time deposits, certificates of deposits, saving accounts, and/or other equivalent forms, both in Rupiah and foreign currencies;
- Provide loans, either long-term, medium-term, or short-term, or loans in other forms that are commonly provided in the banking sector, both in Rupiah and foreign currencies;
- Issue acknowledgment of indebtedness (debt instruments);
- Purchase, sell, or collateralize at its own risk or for
the interest and as per instruction of its customers:
- Commercial bill of exchange including those accepted by banks with validity periods no longer than the customary commercial instruments;
- Acknowledgment of indebtedness and other commercial papers with validity periods no longer than the customary commercial instruments;
- State treasury notes and government guarantee instruments;
- Bank Indonesia Certificates (SBI);
- Bonds;
- Promissory notes valid up to 1 (one) year pursuant to prevailing laws and regulations;
- Other commercial instruments valid up to 1 (one) year, pursuant to prevailing laws and regulations.
- Transfer funds in the interests of both the bank and its customers;
- Place funds in, borrow from, or lend to other banks using notes, telecommunication devices, sight drafts, checks, or any other means;
- Accept payments from commercial paper and perform calculations with or among third parties;
- Provide safe deposit boxes to store valuable goods and commercial papers;
- Perform custodian activities for the interest of other parties based on an agreement;
- Place funds from a customer to another customer in the form of commercial papers not listed on stock exchanges;
- Perform factoring activities, credit card business, and trusteeship activities;
- Perform activities in foreign exchange in compliance with the provisions stipulated by Bank Indonesia and Financial Services Authority (OJK);
- Perform sharia-compliant banking activities in compliance with the provisions stipulated by Bank Indonesia and Financial Services Authority (OJK);
- Perform marketing agency activities for nonbanking products such as insurance, mutual funds, government bonds, or others pursuant to regulations.
SUPPLEMENTARY BUSINESS ACTIVITIES
- Purchase through auctions or by other means, collateral either wholly or partially in terms of the debtors default on their obligations to the Bank, under the condition that the purchased collateral is required to be immediately disbursed;
- Perform capital investment in a bank or other financial institution, such as leasing, joint venture, consumer financing, securities or insurance companies or in a clearing and guarantee institution, and settlement and custodian institutions in accordance with Bank Indonesia and OJK regulations;
- Perform temporary capital investments to manage the consequences of default, or sharia-based financing default, under the condition that the investment shall be withdrawn in compliance with Bank Indonesia and/or OJK regulations;
- Act as pension fund founder and pension fund manager pursuant to the laws and regulations concerning pension funds;
- Perform other supporting activities to sustain the Bank’s main business activities as commonly performed by a bank as long as they do not contravene any laws and regulations.
BUSINESS ACTIVITIES CONDUCTED IN THE 2023 FINANCIAL YEAR
Up to the fiscal year ended 31 December 2023, CIMB Niaga has carried out all of its business activities in accordance with the guidelines stipulated in the Bank’s most recent Articles of Association.