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| | |
| Company type | Public |
|---|---|
| IDX: BDMN | |
| Industry | Financial services |
| Founded | July 16, 1956 |
| Headquarters | Jakarta, Indonesia |
Key people | Daisuke Ejima (president director) |
| Revenue | |
| Total assets | |
| Total equity | |
Number of employees | 8,926 (2020) |
| Parent | MUFG Bank [1] |
| Subsidiaries | |
| Website | www.danamon.co.id |
PT Bank Danamon Indonesia Tbk is an Indonesian bank established in 1956. It is the sixth largest bank in Indonesia by asset size. [2]
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]