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Bank Danamon
Indonesian bank
From Wikipedia, the free encyclopedia
PT Bank Danamon Indonesia Tbk is an Indonesian bank established in 1956. It is the sixth largest bank in Indonesia by asset size.[2]
 | |
| Company type | Public |
|---|---|
| IDX: BDMN | |
| Industry | Financial services |
| Founded | July 16, 1956 |
| Headquarters | Jakarta, 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) |
| Parent | MUFG Bank[1] |
| Subsidiaries |
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| Website | www.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]
