29 December 2017
Jakarta, 29 December 2017 - Further to its announcement on 26 December 2017, PT Bank Danamon Indonesia Tbk (“Danamon”) has been informed on 29 December 2017 by its majority shareholder Asia Financial (Indonesia) Pte. Ltd., a wholly-owned subsidiary of Fullerton Financial Holdings Pte. Ltd., that The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“MUFG”), the commercial banking entity of Mitsubishi UFJ Financial Group, Inc., has completed the acquisition of 19.9% of the total issued shares of Danamon.
Please refer to the following announcement for more information.
As disclosed in the announcement on 26 December 2017, the subsequent steps in the proposed transaction are subject to regulatory and shareholders’ approvals and has closing conditions customary for a transaction of this nature. All parties are advised to exercise caution when trading their shares.
For further information, please contact:
Head of Corporate Communications
PT Bank Danamon Indonesia Tbk was founded in 1956, and as of 30 September 2017 manages IDR 174 trillion in assets along with its subsidiaries, which are PT Adira Dinamika Multi Finance Tbk. (Adira Finance) and PT Asuransi Adira Dinamika (Adira Insurance).
The Bank is supported by a network of more than 1,600 including conventional branches, syariah units, subsidiary outlets and more than 60,000 ATMs through partnership with ATM Bersama, PRIMA, and ALTO across 34 provinces. In addition to physical network, Danamon’s services can be accessed from Danamon Online Banking, D-Mobile and D-Card mobile application, and SMS Banking.
Danamon is the exclusive issuer of Manchester United DEBIT/ATM and Credit Cards in Indonesia, and issuer of American Express credit cards. With a wide range of financial products such as Danamon Lebih, FlexiMax, Tabungan Bisa iB, Dana Pinter 50, KAB Bisa, and Primajaga Insurance, Danamon enables customers from various segments to meet their financial needs.
Recently, the Bank received Corporate Governance Award from the Indonesian Institute for Corporate Directorship (IICD) in the Top 50 of the Biggest Market Capitalization - Publicly Listed Companies category. Danamon also received the Indonesia Banking Award 2017 in the Best Bank in Digital Services (assets between IDR 100 – 250 trilion) category held by Tempo Media Group and Indonesia Banking School. In corporate responsibility, Yayasan Danamon Peduli received Indonesia’s Best Corporate Initiatives 2017 award for Outstanding Philanthropy from MIX Marketing and Communication Magazine.