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1. VOYAGE GROUP HD2. 2014 6 2014 6 25 KC 2015 1 5 KC KC
3. Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 6
4. SBI
5. 2010 3 2000 2011 12 19
6. 2014 8 13 2011 2014 3
7. 1 8358 2012
8. 358 2 225 KC 2 330 1 635
9. 2015 3 KC 2016 3 2016 3 2016 3 2015 3 13 096 15 0 8 0
10. SR Inc SR Inc Shared Research SR Inc
11. 2014 3 1 2 632 2 232
12. BTC
13. 100 2 000 10 1 10 1 5 0 6 2015 1 2015 1 21 A amp P A amp P A
14. 316 5 608 3 10 12 2 918 1 142 2 585 2 7 9 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2
15. P2P
16. BTC 1 508 556 0 0 200 200 26 469 2015 4 9 JTRUST ASIA PTE LTD JTA 2014 11 20
17. 2016 3 http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 2014 3 2015 3 2013 7 97 600 M amp A M amp A 2015 5 2018 3 142 100 2015 3 78 819 125 21 700
18. SC SC SC SC 70 SC SC
19. LL 2000
20. 1 6 904 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 6 41 924 956 9 2013 6
21. 2015 3 190 700 2018 3 400 000 3 6 2014 7 20 2 10
22. 00 12 01 12 02 12 03 12 04 12 05 12 06 12 07 12 46 644 43 566 41 805 39 084 36 155 34 569 34 148 32 867 6 6 4 0 6 596 7 596 4 496 1 296 3 89 08 12 09 12 10 12 11 12 12 12 13 12 14 12 32 563 32 530 32 061 32 400 34 367 37 035 41 149 0 9 0 1 1 496 1 1 6 1 7 8 11 1 SR sSh afed 6 Cbs dr ch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 6
23. 2011 12
24. 10 231 35 0 2012 3 40 814 20 5 40 839 23 0 2014 3 8 4 975 16 0 496 83 8 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared
25. 2014 8 25 300 2014 3 2 71 364 38 0 12 061 292 59 5 912
26. 37 309 991 0 1 932 39 241 3 419 43 233 27 9 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 6 2014 3 61 926 11 2 2013 3
27. 2015 3 329 700 11 700 3 59 2015 3 2 IRR409 M amp A
28. 2000 1 8316 2012 4 SMBC UFJ 1 8306
29. PT Bank Mutiara Tbk GL 30 000 000 36 1 120 30 000 000 36 1 120 59 3 1 10 36 90 1 3 69 97 087 379 8 2 2015 3 20 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 6 GL
30. 2010 3 4 108 6 819 2009 3 17 421 2012 3 34 500 16 489 29 444 KC 37 000 2012 3 12 424
31. 2 793 45 8 336 303 2012 10 Sh ared hesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved sSh ared J 8508 SR Research Report 2015 9 2 09 3 10 3 11 3 12 3 13 3 14 3 4 946 16 541 16 908 24 508 55 683 61 926 63 281 54 596 234 496 2 296 44 9 127 2 11 2 2 2 1 954 3 297 5 132 4 539 20 786 26 339 29 285 2 992 13 243 11 776 19 969 34 897 35 586 33 996 60 5 80 1 69 6 81 5 62 7 57 5 53 7 2 752 9 077 7 451 14 42
32. SBPS NUCS NUCS NUCS KC 2015 3 KC Sh ared hesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 KC TNUCS
33. 5 9 7 9 809 3 696 2 896 3 696 8 6 80 096 172 5 896 13 2010 7 49 0 44 09 2011 6 39 0 2014 4 34 9
34. 19 857 50 3 5 811 3 046 2014 3 Ne Sh ared hesearch http www sharedresearch jp Copyright C Shared Research Inc Al
35. M amp A 2015 3 347 800 2018 3 500 800 2018 3 63 200 2015 3 44 500 238 8 300 13 500 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 2015 3 2016 3 2017 3 2018 3 18 700 30 000 40 800 63 200 50 1
36. 2006 2009 2008 TOB 2009
37. 2008 TOB 2011 KC 2012 2013 Weaknesses M amp A SR
38. M amp A 2013 3 2012 10 2012 10 20 000 2013 1 29 917 2014 3 2013 6 HK 15 327 46 701 2015 3 2014 8 Sh ared hesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 J
39. 2 860 45 2 903 10 7 38 432 10 2 14 610 33 8 23 821 14 9 1 3 665 25 1 M amp A
40. 20 0 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2
41. 2010 2010 2 JT 2012 SBI 1 8473 2012 SR
42. 2014 9 2015 3 2015 1 2015 3 40 7
43. 3 642 14 2 187 36 3 4 977 85 2 1 319 31
44. 2 2015 5 44 17 2014 6 88 1 025 32 3 19 4 1 1990
45. 1 1 50 97 000 http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 2015 3 18 496 1999
46. 2 877 287 2013 12 1994 2 21 3 2011 12 2012 12 2013 12 65 06 65 906 66 184 486 145 510 926 527 484 67 303 66 005 63 328 4 454 3 120 2 040 5 330 2 476 1 573 1 0 1 2014 9 2014 9 19 LCD Global Investments LTD J TRUST ASIA PTE LTD LCD Global Investments LTD MLDavid Lum LCD ILCD LCD 2013 10 7
47. 2 5 2010 GDP 6 28 2013 GDP 34 89 36 396 120 9 85 596 151 9 GDP 2014 2018 21 09 20 796 40 1 15 1 8 8 000
48. 2009 M amp A 2012 2014 3 2015 3 97 600 2015 3 2016 3 2015 3 2016 3
49. SC JT Sh ared hesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved sSh ared lesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 2014 6 JT Savings Bank Co Ltd 999 100 2006 12 28 3 1 0 1 6 868 5 588 5 614 55 450 52 019 35 806 9 510 8 680 5 928 1 0 1 5 217
50. 2016 3 1 IFRS IFRS 2015 3 Group Lease PCL 2015 5 1 Group Lease PCL GL 2015 5 22 GL 2016 3 30 000 000 3 600 1 120 30 000 000 3 600 1 120 5 3 1
51. 09 3 10 3 11 3 12 3 13 3 14 3 15 3 lc 1 313 5 407 4 008 2 310 2 529 2 527 8 647 311 8 25 9 42 496 9 5 0 1 242 2 1 556 2 106 2 669 2 740 2 403 3 018 3 439 35 3 26 7 2 7 12 3 25 6 13 9 SR 2015 3 2015 3 25 796 Sh ared GYcsea ch lp http www sharedresearch jp Copyright C
52. 2014 3 74 464 2010 3 10 067 2009 3 2012 3 24 165 KC 37 000 16 894 23 596 2014 3 74 464 23 124 2013 7
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54. 7 697 12 2 399 49 4 9 817 92 4 3 318 1 510 2014 3
55. 13 745 14 5 13 351 2 6 11 145 16 3 M amp A 1 060 2 951 25 300 24 2 11 435 7 0
56. CB Credit Bureau 1 10 5 6 910 1 KCB NICE
57. 6 2013 10 Sh ared hesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 11 650 875 000 100 0 2014 3 11 2013 5 10 047 25 590 7 858 1 660 1 276 2014 2 12 7 2013 10
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59. Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 135 2015 4 2015 4 30 2015 4 30 2015 5
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61. 2 4 300 2015 2 28 565 2015 4 1 4 24 2015 5 31 320 2015 3 900
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63. 1 293 811 159 2008 3 81 2010 3 16 541 234 4 4 165 2009 3 240 4 303 2009 3 296 4 108 2009 3 306 http Wwww sharedresearch jp Ch Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 2009
64. 1 422 96 5 KC 36 712 10 1 KC ptr 6 5 822 17 0 402 18 9 15 087 9 1 483 49 2
65. 2009 2012 2013 3 2015 3 M amp A 2014 11 2015 3 63 281 2 2 5 217 13 745 2 385 13 351 10 143 9 0 2018 3 1 42
66. SR MG Aiming SBS
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69. 2015 3 9 2016 3 14 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 a 2015 4 1 2016 3 1 700
70. 2014 3 2014 8 3 154 941 219 5 9 405 231 1 NPL 2 770 9 394 29 5 3 936 2 193 2015 3 2 2015 3 2 31 979 10 9
71. 7 9 4 19 CASA current and savings account De IRR159 2016 3 2018 3 3 50 000 100 000 2015 3 141 742 44 300 2016 3 7 500 2017 3 15 100 2018 3
72. GL GL 1986 GL 2014 1 GL 2012 95 2013
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74. 5 9 9 4 29 122 1 076 333 268 114 2009 2012 2012 10 2011 2009 2012
75. 1 300 2015 3 3 2011 2014 3 2014 8 TA Shared esearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 TA
76. LCD 29 5 LCD LCD LCD ASEAN sSh ared lesearch p http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 6 LCD JTrust International LTD
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79. JT Shared esearch lp http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 16 073 J 75 699 35 743 KC 38 381 9 506 JT 210 309 113 722 113 37 017 110 864 3 493
80. 2014 6 16 SC 2015 3 30 SC JT SC
81. 2012 3 2011 8 KC 29 444 2013 3 KC 2014 3 2 M amp A 2015 3 sSh afedt 1 ch lp http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved
82. 2009 3 2012 3 2014 3 2013 3 31 015 2015 3 3 JT 2014 3 J 8508 SR Research Report 2015 9 2 6 16 073 2012 10 2013 1 2013 3 48 210 2015 3 3 C
83. B 152 9 846 2 080 2011 12 28 5 2012 6 19 A amp P 2015 1 19 ISC
84. 320 2016 3 1 500 2018 3 4 700 2015 3 800 21 2 000 500 33 2009 12 26 7 2014 12 18 5 7 1 2009 12 102 2014 12 90 2 5 2015 3 IRR409
85. TA 2015 3 250 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2
86. 2009 3 3 883 2015 3 29 455 2010 3 43 9 2015 3 5 49 2009 3 2015 3 28 5 Sh aredd Mesearch http www sharedresearch jpD Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 2012 3 2013 3 2014 3 2012 3 KC 29 444 2013 3 21 424 13 309
87. JT 2015 3 JT amp 2015 5 2015 5 25 2016 3 2016 3 2015 4 2018 3 3 1 421 217 ROE10 0 IRR159 3 500 1 000
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89. STEP1 KC EMILNIT STEP2 NMUCG 1 ch be http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 ETC KC KC 2 KC KC NUCS 3 54 Li 2014 6 16
90. 407 722 750 2013 1 299 2013 3 482 407 517 731 72 211 2 821 75 033 40 766 40 766 SR 2014 3 2014 3
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92. 2011 KC 2015 1 KC KC 4 450 35 638 2008 SR Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report
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98. B 2015 1 21 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 2011 12 28 TFK A amp P A 202 1 597 1 862 2011 12 28 5 A amp P
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115. 2015 5 26 80 30 32 http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved J 8508 SR Research Report 2015 9 2 2 BIS 10 JT
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117. 2 951 J 8508 SR Research Report 2015 9 2 2014 11 20 PT Bank Mutiara Tbk PT Bank Mutiara Tbk 2014 9 12 2014 11 20 99 0 10 2 231 920 3 9 017 11 196 12 375 118 145 13 161 131 185 2 704 4 609 142 2 121 1 191 10 52 2 344 1 310 10 224 2014 11 19 1 0 009
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120. 3 3 10 TA TA 2015 3 TA
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