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.
WWW Official Site𝕏 danamonFB DanamonIndonesia

History

In December2017, Japan's Mitsubishi UFJ [Financial Group] bought a 19.9% stake in Danamon from Temasek Holdings for Rp 15.875 trillion. The price indicated Danamon was valued at about $6 billion. In July2018, Indonesia's Financial Services Authority approved MUFG's plan to purchase a further 20.1% stake from Asia Financial. In April 2019, MUFG announced the merger of Danamon and Bank Nusantara Parahyangan. The merger resulted in MUFG becoming the majority shareholders with 94.1% stake of Bank Danamon.
In December2019, Danamon sold most of its share of Adira Insurance to Zurich Insurance Company, making Danamon a minority shareholder.

Works cited