Bank Danamon Officially Upgraded to BUKU 4, Becoming Stronger in First Year as a Member of MUFG

PT Bank Danamon Indonesia Tbk (Bank Danamon), effective as of 27 May 2020 was officially upgraded as a Commercial Bank Based on Business Activities (BUKU) 4 by the Financial Services Authority (OJK). This decision was made after Bank Danamon fulfilled the core capital requirements to be a BUKU 4 bank. The upgrade to BUKU 4 category was carried out one year after the completion of MUFG investment, one of the world's leading financial institutions, in Bank Danamon.

Bank Danamon’s upgrade to the BUKU 4 category underscores Bank Danamon's achievements and performance in the past one year. Going forward, this milestone will motivate Bank Danamon to continuously improve service quality to customers, foster business growth, build a strong foundation through human resource development, digital infrastructure and corporate branding, and increase collaboration with MUFG in providing more value to customers and the communities around us. With the support and commitment of MUFG as the single controlling shareholder to Bank Danamon’s growth, Bank Danamon is ready to contribute more to the Indonesian economy.

This milestone cannot be achieved without the support and trust of Bank Danamon’s stakeholders, including customers, relevant authorities, shareholders, employees and the surrounding community. They all contribute in turning Bank Danamon into one of the leading banks in Indonesia.