MUFG and Bank Danamon March Forward Together with Community Initiatives Supporting Indonesia’s Fight against Coronavirus Pandemic

News / 28 August 2020
MUFG and Bank Danamon March Forward Together with Community Initiatives Supporting Indonesia’s Fight against Coronavirus Pandemic

A series of joint societal contributions underscore the MUFG group’s commitment  to Indonesia

 

28 August 2020 — MUFG Bank, Ltd. (MUFG) and PT Bank Danamon Indonesia Tbk (Bank Danamon), members of Mitsubishi UFJ Financial Group, reaffirmed their commitment to the community by conducting a series of corporate social responsibility (CSR) activities aimed at alleviating hardship and anxiety experienced by the public during the COVID-19 pandemic.

As a reaffirmation of the growing collaboration between both banks as well as a gesture of appreciation towards the local communities for their support, MUFG and Bank Danamon have conducted a series of contributions to support the fight against COVID-19 in Indonesia and Japan. The contributions include:

  • A JPY100 million financial assistance (equivalent to ca. IDR14 billion) presented to the Embassy of the Republic of Indonesia in Tokyo to support Indonesian students in Japan during COVID-19. This is part of a JPY400 million (equivalent to ca. IDR55.2 billion) package pledged by various MUFG member companies and partner banks, including MUFG Bank and Bank Danamon, for Southeast Asian students in Japan. 
  • An IDR1 billion donation by both banks for procuring food packages for drivers of ride-hailing providers Grab and Gojek  
  • Bank Danamon’s donation of 4,000 pieces of personal protective equipment (PPE) to healthcare workers.  This is part of its #TetapTerkendali (Stay in Control) campaign promoting wellbeing and celebrating Indonesia’s frontline heroes. 
  • Bank Danamon’s provision of insurance coverage for 10,000 volunteers from the Indonesian National Board for Disaster Management (BNPB) 
  • MUFG Bank Jakarta Branch’s donation of funds to the University of Indonesia’s Alumni Association for purchasing PPE and ventilators and support for construction of healthy houses and clean water facility for a community in Mauk, Tangerang through Habitat for Humanity Indonesia.

The commitment of both banks to Indonesia’s communities was reiterated today by Daisuke Ejima, Executive Officer, Country Head of Indonesia of MUFG and Yasushi Itagaki, President Director of Bank Danamon in an audience with the Indonesian Vice Minister for Foreign Affairs, H.E Mahendra Siregar today in Jakarta.   

Daisuke Ejima, Executive Officer, Country Head of Indonesia of MUFG said: “As one of the world’s largest financial institutions, we are honored to stand side-by-side with our communities in their ongoing fight against COVID-19.  MUFG has been operating in Indonesia for over 50 years and have witnessed the courage of its people and the resilience of this country in facing and overcoming challenges. MUFG’s ability to support Indonesia through opportunities and challenges is now enhanced with the addition of Bank Danamon into the family, and we hope that our combined contributions will help Indonesians prevail and emerge from this pandemic stronger and more united than before.”

Yasushi Itagaki, President Director of Bank Danamon explained, “In line with our vision, ‘To Care and Enable Millions to Prosper,” we are actively participating in efforts to prevent the further spread of coronavirus as a form of our commitment to Indonesia. We understand that the pandemic has impacted millions of lives, and we want to support the government’s action to prevent the further spread of the virus, particularly by supporting and providing assistance to those on the frontlines such as volunteers, medical workers, and ride hailing drivers as well as students overseas. We also want to encourage the public by instilling a positive spirit that together, we can prevail in this challenging time.”


Since the completion of MUFG’s strategic investment in Bank Danamon in mid-2019, a strong commitment to collaboration between the two banks has yielded several accomplishments in both business and non-business aspects. The successes included the completion of a number of important transactions harnessing the respective strengths of both banks to provide comprehensive financial solutions for their clients. MUFG’s strong support for Bank Danamon has also enabled it to further enhance its business in Indonesia. This is proven by the Financial Services Authority (OJK)’s confirmation that Bank Danamon has joined the BUKU IV category. With Bank Danamon’s strength as a BUKU IV bank, combined with the strength, expertise, and global network of MUFG, both banks are committed to collaborate to better serve customers and Indonesian society at large. 

APPENDIX A: BANK DANAMON’S CSR ACTIVITIES

‘Your Positivity Saves Life’ campaign

Bank Danamon is collaborating with Indonesia Kuat, an NGO backed by The Indonesian Doctor Association (IDI) to distribute Personal Protective Equipment (PPE) to hospitals and medical facilities across Indonesia. Current consumer tensions during this pandemic, such as anxiety, have compelled Bank Danamon to launch ‘Your Positivity Saves Life’ campaign. The Bank would like to encourage Indonesians to stay positive, not to forget to laugh because laughing is the best medicine and spread the positivity through videos. For every video reposted in social media, Bank Danamon will donate 1 (one) PPE for medical workers organized under Indonesia Kuat. Through this campaign, the bank is not only promoting much-needed positivity across the general public as well as  PPE to Indonesia’s medical workers, our heroes on the frontlines of the fight against COVID-19.
Link to campaign video: https://youtu.be/WjCTtVSbsaA

Insurance to 10,000 BNPB Volunteers

Bank Danamon has provided insurance from BPJamsostek for 10,000 volunteers from the Indonesian National Board for Disaster Management (BNPB). This protection aims to provide support and peace of mind for the volunteers who are at the front lines in the fight against COVID-19. 

Food Bank Donation to Ride Hailing Drivers

Bank Danamon has also collaborated with two giant ride-hailing providers in Indonesia, Grab with their partner Benih Baik, and Gojek, through their foundation, Yayasan Anak Bangsa Bisa (YABB) to provide basic food package for their drivers in the form of cash donations over 1 Billion Rupiah. 

Assistance to Local Hospitals across Regions

Through its regional offices, Bank Danamon donated PPE and basic food staples to hospitals and communities affected by COVID-19 in East Java, Sumatera, Bali and Nusa Tenggara as well as Kalimantan, Sulawesi and West Java.

APPENDIX B: MUFG Pledges Support to Southeast Asian Students in Japan

MUFG Bank, Ltd. and Bank Danamon are amongst a group of MUFG companies and strategic bank partners in Asia that have jointly pledged JPY400 million (equivalent to ca. IDR55.2 billion) to help Southeast Asian students in Japan tide through economic difficulties during the COVID-19 pandemic. A total of five MUFG group companies have stepped forward to support this donation drive: MUFG Bank, Ltd., Mitsubishi UFJ Trust and Banking Corporation, Mitsubishi UFJ Securities Holdings Co., Ltd., Mitsubishi UFJ NICOS Co., Ltd. and ACOM Co., Ltd. They are joined by MUFG’s strategic partner banks: Bank Danamon in Indonesia, Bank of Ayudhya, or Krungsri, in Thailand, Security Bank in the Philippines, and VietinBank in Vietnam. MUFG will distribute the donation amount evenly across four beneficiaries: Embassy of the Republic of Indonesia in Japan, Thai Students’ Association in Japan, Association of Filipino Students in Japan and Embassy of the Socialist Republic of Vietnam in Japan. The donation will serve as financial aid to students from these four countries that may experience any economic hardship or have their studies in Japan interrupted due to the COVID-19 situation.

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