PT Bank Danamon Indonesia Tbk is an Indonesian bank established in 1956. It is the sixth largest bank of Indonesia by asset size.[2]
Company type | Public |
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IDX: BDMN | |
Industry | Financial services |
Founded | July 16, 1956 |
Headquarters | Jakarta, Indonesia |
Key people | Daisuke Ejima, President Director |
Revenue | Rp 14.579 trillion (2019) |
Rp 4.074 trillion (2019) | |
Total assets | Rp 193.53 trillion (2019) |
Total equity | Rp 45.41 trillion (2019) |
Number of employees | 8,926 (2020) |
Parent | MUFG Bank[1] |
Subsidiaries |
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Website | www.danamon.co.id |
In December 2017, Japan's Mitsubishi UFJ Financial Group (MUFG) bought a 19.9% stake in Danamon from Temasek Holdings for Rp 15.875 trillion ($1.17 billion). The price indicated Danamon was valued at about $6 billion. In July 2018, Indonesia's Financial Services Authority (OJK) approved MUFG's plan to purchase a further 20.1% stake from Asia Financial.[3] In April 2019, MUFG announced the merger of Danamon and Bank Nusantara Parahyangan (BNP). The merger resulted in MUFG becoming the majority shareholders with 94.1% stake of Bank Danamon.[4]
In December 2019, Danamon sold most of its share of Adira Insurance to Zurich Insurance Company, making Danamon a minority shareholder.[5]