{"id":50734,"date":"2023-10-18T06:36:33","date_gmt":"2023-10-18T06:36:33","guid":{"rendered":"https:\/\/sms-bridges.com\/staging\/?p=50734"},"modified":"2023-10-18T07:25:24","modified_gmt":"2023-10-18T07:25:24","slug":"strength-to-strength-danamon-leverages-its-expertise-and-expansion-in-indonesia","status":"publish","type":"post","link":"https:\/\/sms-bridges.com\/staging\/strength-to-strength-danamon-leverages-its-expertise-and-expansion-in-indonesia\/","title":{"rendered":"Strength to strength: Danamon leverages its expertise and expansion in Indonesia"},"content":{"rendered":"\n
\"\"
Daisuke Ejima<\/strong>, President Director of PT Bank Danamon Indonesia Tbk | \u00a9 Danamon<\/figcaption><\/figure><\/a><\/div>\n\n\n\n

As Southeast Asia\u2019s largest economy, with a nominal gross domestic product of $1.05 trillion, Indonesia has 120 commercial banks and a finance and banking sector that has experienced significant growth in recent years.<\/p>\n\n\n\n

Historically, challenges to growth in this sector have included lack of bank access among the small- and medium- sized enterprises that comprise a significant portion of Indonesia\u2019s economy, as well as a lack of confidence in the banking system, typically in the more rural areas. Having been founded over six decades ago in 1956, PT Bank Danamon Indonesia Tbk leverages its industry expertise to address these challenges. Owned by MUFG Bank, Japan\u2019s largest bank and among the largest in the world, Danamon is poised to ride Indonesia\u2019s finance and banking growth wave with stability and surety.<\/p>\n\n\n\n

\u201cDanamon has 67 years of history; currently, in terms of loan size, we are the seventh- largest in the country. Profit-wise, by operating income, we rank fifth in Indonesia. We also have a big subsidiary, Adira Finance, which supports automobile loans. They are the leading multifinance company in the market, and this is among our strengths,\u201d said Danamon\u2019s President Director Daisuke Ejima.<\/p>\n\n\n\n

Ejima likewise noted that MUFG\u2019s acquisition of Danamon \u2014 a merger that took place in phases, culminating in 2019 with the Japanese bank acquiring 92.5% ownership \u2014 has further enhanced both Danamon\u2019s and Adira Finance\u2019s strengths. \u201cMUFG typically deals with large corporate segments, while Danamon covers the small- and medium-sized enterprise segment, retail and individual customers, and Adira Finance,\u201d he said.<\/p>\n\n\n\n

Danamon has the capabilities to provide various financial solutions to cater to the customers\u2019 needs. We also need to have good digital capabilities, aside from conventional banking. We are continually expanding our service coverage to better serve Indonesian society.<\/p>Daisuke Ejima<\/strong>, President Director of PT Bank Danamon Indonesia Tbk<\/mark><\/cite><\/blockquote><\/figure>\n\n\n

\n
\"\"<\/a><\/figure><\/div>\n\n\n

\u201cWith the combination of MUFG, we can capture the entire value chain in the automobile industry. That\u2019s one typical example of the strength and coverage that expanded through MUFG\u2019s acquisition of Danamon. We also do what we call \u2018business matching\u2019 between Japanese, Thailand and Indonesian companies and individuals. We try to match the information and actually provide the opportunities for both parties to have a business meeting,\u201d Ejima explained.<\/p>\n\n\n\n

\u201cIndonesia is very competitive in today\u2019s financial market. Simply providing ordinary financing on the corporate side or on the individual side is insufficient. We need to make connections, whether it\u2019s for credit or for investment purposes. Danamon has the capabilities to provide various financial solutions to cater to the customers\u2019 needs. We also need to have good digital capabilities, aside from conventional banking. We are continually expanding our service coverage to better serve Indonesian society,\u201d he concluded.<\/p>\n\n\n\n

www.danamon.co.id<\/a><\/strong><\/p>\n\n\n\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Owned by MUFG Bank, Japan\u2019s largest bank and among the largest in the world, Danamon is poised to ride Indonesia\u2019s finance and banking growth wave with stability and surety.<\/p>\n","protected":false},"author":7,"featured_media":50738,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[671,292,259,228,98],"tags":[776],"class_list":{"0":"post-50734","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-671","8":"category-articles","9":"category-bridging-japan","10":"category-financial-services","11":"category-indonesia","12":"tag-finance"},"yoast_head":"\nStrength to strength: Danamon leverages its expertise and expansion in Indonesia - Bridges Magazine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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