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 typePublic
IDX: BDMN
IndustryFinancial services
FoundedJuly 16, 1956 (1956-07-16)
HeadquartersJakarta, 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)
ParentMUFG Bank[1]
Subsidiaries
  • Adira Quantum Multifinance
  • Adira Dinamika Multi Finance
  • Bank Danamon Indonesia (P.T.) Cayman Island
Websitewww.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]

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


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.