Investment date: 16 Jun 2003 Fully divested: 29 April 2019 Headquarters: Jakarta, Indonesia Annual Report

Established in 1956, PT Bank Danamon Indonesia Tbk (Danamon) managed an asset of around IDR 171 trillion in assets.

Danamon is a universal bank, serving a wide range of segments, from mass market to corporate, including Shariah banking. Danamon has one of the widest geographic distribution networks of all Indonesian banks with a network of more than 1,700 including conventional branches, syariah units, subsidiary outlets and more than 60,000 ATMs through partnership with ATM Bersama, PRIMA, and ALTO across 34 provinces. Danamon also features digital network that consist of online, mobile, and SMS banking.

Danamon is recognized as an innovative community bank to the mass market segment through its Danamon Simpan Pinjam branches, and, as one of Indonesia’s leading SME bank and also serves consumer and large multinational and Indonesian corporate customers across Indonesia.

Danamon is the majority owner of Adira Dinamika Multi Finance (Adira Finance), Indonesia’s leading auto finance company and Adira Insurance, a leading general insurance company. Danamon and its subsidiaries work closely to ensure the needs of various customer segments in Indonesia are fulfilled.

In 2006, Danamon and Adira established Yayasan Danamon Peduli (Danamon Cares Foundation), which conducts corporate social responsibility programs, with a focus on revitalizing traditional markets, and promotes sustainable development based on community-driven activities and volunteerism.

Financial & Operating Highlights

S$m, y/e 31 December 2018 2017 2016 2015
 Branches 703 992 1,235 1,290
 Employees 32,299 36,410 44,019 50,226
 Total Assets 17,630 17,524 18,765 19,187
 Shareholders Equity 3,959 3,851 3,913 3,491
 Net Income 390 394 289 253
 ROE % 10.0 10.1 7.8 7.3

Recent Awards:

'The Best in the Financial Sector' and 'Top 50 Publicly Listed Companies' awards during The 8th Indonesia Institute for Corporate Directorship (IICD) Award 2016.

‘Indonesia's 1st Best Local Cash Management Bank in the Small Size of Annual Sales Turnover’ from Asiamoney during the Asiamoney Summer Awards Dinner.

Best Digital Marketing Campaign and Best Marketing Campaign Overall in Retail Banker International’s Asia Trailblazer Awards 2017.

Corporate Governance Award from the Indonesian Institute for Corporate Directorship (IICD) in the Top 50 of the Biggest Market Capitalization - Publicly Listed Companies category.

Ranked 1st in the Euromoney Private Banking and Wealth Management Survey 2018 in the Philanthropic Advice - Indonesia category.

Financial Insights Innovation Awards 2018 as Asia’s Leader in Innovation Capability Management from IDC Financial Insights.


Further information can be found at the website

Sng Seow Wah

President Director

An experienced banker, Sng Seow Wah did a successful assignment in Malaysia as Group Chief Executive Officer of Alliance Bank Malaysia Berhad, a subsidiary of Alliance Financial Group Berhad. from 2010 to 2014. Previously, he served as the Head of Human Resources, Special Projects and Corporate Communications of Fullerton Financial Holdings (International) Pte. Ltd.. He has extensive experience in commercial banking, having assumed high level positions in major banks such as OCBC Bank, Citibank N.A. Singapore, Westpac Banking Corp., and Banque Nationale De Paris. Sng Seow Wah holds a Bachelor's Degree in Accountancy from the National University of Singapore and attended an Advanced Management Program at The Wharton School of the University of Pennsylvania.