Companies
If completed, the integration would combine the global and domestic strengths of both entities and potentially create one of the country’s largest financial institutions, with combined assets exceeding Rp 480 trillion (US$27.5 billion).
A teller serves a customer at a Bank Danamon branch in Jakarta. (kompas.com/File)
Private lender PT Bank Danamon Indonesia plans to integrate its operations with the local branch of Japan’s MUFG Bank Ltd., with the process targeted for completion in 2027.The two companies signed a memorandum of understanding on Monday to begin preparations for the integration, which would combine the two entities’ networks, expertise and operations in Indonesia.
If completed, the integration would combine the global and domestic strengths of both entities and potentially create one of the country’s largest financial institutions, with combined assets exceeding Rp 480 trillion (US$27.5 billion).
