Bank Danamon

PT Bank Danamon Indonesia Tbk is an Indonesian bank established in 1956. It is the sixth largest bank in Indonesia by asset size.^[2]

PT Bank Danamon Indonesia Tbk

Company type	Public
Traded as	IDX: BDMN
Industry	Financial services
Founded	July 16, 1956; 68 years ago (1956-07-16)
Headquarters	Jakarta, Indonesia
Key people	Daisuke Ejima (president director)
Revenue	Rp 14.579 trillion (2019)
Net income	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	Adira Quantum Multifinance Adira Dinamika Multi Finance Bank Danamon Indonesia (P.T.) Cayman Island
Website	www.danamon.co.id

History

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]