.mw-parser-output .hidden-begin{box-sizing:border-box;width:100%;padding:5px;border:none;font-size:95%}.mw-parser-output .hidden-title{font-weight:bold;line-height:1.6;text-align:left}.mw-parser-output .hidden-content{text-align:left}You can help expand this article with text translated from the corresponding article in Indonesian. (January 2024) Click [show] for important translation instructions. Machine translation, like DeepL or Google Translate, is a useful starting point for translations, but translators must revise errors as necessary and confirm that the translation is accurate, rather than simply copy-pasting machine-translated text into the English Wikipedia. Consider adding a topic to this template: there are already 276 articles in the main category, and specifying|topic= will aid in categorization. Do not translate text that appears unreliable or low-quality. If possible, verify the text with references provided in the foreign-language article. You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation. A model attribution edit summary is Content in this edit is translated from the existing Indonesian Wikipedia article at [[:id:Bank Danamon Indonesia]]; see its history for attribution. You should also add the template ((Translated|id|Bank Danamon Indonesia)) to the talk page. For more guidance, see Wikipedia:Translation.

PT Bank Danamon Indonesia Tbk
Company typePublic
IDXBDMN
IndustryFinancial services
FoundedJuly 16, 1956 (1956-07-16)
HeadquartersJakarta, Indonesia
Key people
Daisuke Ejima, President Director
RevenueIncrease Rp 14.579 trillion (2019)
Increase Rp 4.074 trillion (2019)
Total assetsIncrease Rp 193.53 trillion (2019)
Total equityIncrease Rp 45.41 trillion (2019)
Number of employees
8,926 (2020)
ParentMUFG Bank[1]
Subsidiaries
  • Adira Quantum Multifinance
  • Adira Dinamika Multi Finance
  • Bank Danamon Indonesia (P.T.) Cayman Island
Websitewww.danamon.co.id

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

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]

References

  1. ^ Ownership Structure & Share Information of Bank Danamon
  2. ^ "Indonesia-Investments.com:Bank Danamon company profile". April 1, 2014.
  3. ^ Silviana, Cindy (July 31, 2018). "Indonesia approves MUFG's stake increase in Bank Danamon to 40 percent". Reuters. Reuters. Retrieved January 21, 2019.
  4. ^ "MUFG Bank Increases Shareholdings in Bank Danamon and Bank BNP". www.businesswire.com. April 29, 2019. Retrieved October 21, 2020.
  5. ^ "Bank Danamon sold most of its Asuransi Adira shares to Zurich Insurance | IDNFinancials".

Works cited