Jakarta, 13 September, 2022 – Mitsubishi UFJ Financial Group (MUFG) announced the conclusion of an official visit by Hironori Kamezawa, MUFG Group President and CEO to Jakarta.
The visit to Indonesia marks the first business trip Mr. Kamezawa has undertaken in Asia Pacific since assuming his current role in April 2020. Mr. Kamezawa’s three-day trip itinerary consisted of meetings with key stakeholders, from Chairman of OJK's Board of Commissioners, Mahendra Siregar, to staff from MUFG’s Jakarta branch and its strategic partner PT Bank Danamon Indonesia Tbk (Bank Danamon) and Adira Finance, where he reiterated the group’s commitment in supporting Indonesia’s long-term economic growth.
“As one of the biggest economies in APAC, Indonesia plays an important leadership role in the development of the regional economy. I am encouraged by the Indonesian government’s commitment towards investing in infrastructure and welcoming foreign investment as part of its “Indonesia Vision 2045” blueprint, which if fulfilled, will rank this nation amongst the top GDP countries in the world.
“We have a longstanding presence in Indonesia dating over 50 years. Our strategic partnership with Bank Danamon is a further sign of this Indonesia commitment, enabling us to collaborate on major transactions and governmental infrastructure initiatives. I am very confident that together we will be able to do much more and contribute to a brighter future for Indonesia’s social, economic, and financial infrastructure,” said Mr. Kamezawa at the conclusion of his trip.
Mr. Kamezawa highlighted that MUFG can support Indonesia’s development through various ways:
- Leveraging MUFG’s unrivalled APAC network.
MUFG has invested over USD14 billion in strategic alliances with leading regional banks in ASEAN, including Bank Danamon, creating a unique hybrid network and an integrated “One MUFG” client servicing model. Through its partnership with Bank Danamon, MUFG can jointly support local, multinational, and Japanese companies across their entire supply and value chains while also providing services to their employees.
- Supporting Indonesia’s infrastructure needs.
A key priority for MUFG in Indonesia is helping address supply chain-related challenges, which in turn will boost the interest of multinational companies in Indonesia. This explains MUFG’s
ongoing commitment in supporting Indonesia’s infrastructural development, as seen in its funding of several key projects such as the construction of light rail transit station in Palembang, Balikpapan-Samarinda toll road, and light rail transit station for Jakarta-Bogor-Depok-Bekasi.
- Deepening Japan-Indonesia economic ties.
MUFG can leverage its deep ties with Japan Inc. to facilitate further cross-border business flows between both countries. Japanese corporate and investor sentiment in Indonesia continues to remain strong, and together with Bank Danamon, MUFG will bring local and Japanese companies together through business matching events, a longstanding tradition that MUFG is very proud of and have successfully applied to other banking partnerships in Asia.
- Addressing Indonesia’s digitalisation and environmental priorities.
Indonesia’s hosting of the G20 meetings this year will see it lead global discussions around digital transformation and sustainable energy transition – also key priorities for MUFG. The group will continue to pursue opportunities across its network of regional partners, which also includes tech giants like Grab, to support Indonesia’s digital economy. It is also committed to engaging in constructive dialogue with all stakeholders across government, industry and society, to help them achieve sustainable growth and long-term value for Indonesia.
Yasushi Itagaki, President Director of Bank Danamon, added that the key factors for the success of MUFG Group’s business in Indonesia include its ability to synergise business units and establish comprehensive partnerships as well as the support from the overall organization, as exemplified by Mr. Kamezawa’s visit.
“MUFG Indonesia, Danamon, and Adira Finance are all interconnected. We support and complement each other. We are also complemented by the MUFG Group. Our collaboration enables MUFG Group to serve upstream to downstream supply chain of business ecosystems. This is our competitive advantage.”
Kazushige Nakajima, Country Head for MUFG Indonesia, said: “A good example of the complementary nature of the MUFG-Bank Danamon-Adira Finance partnership is our collaboration in Indonesia’s automotive industry. We provide financing options for the industry, Bank Danamon supports dealerships and their business ecosystems, while Adira Finance services the end consumer.
“This strategic “One MUFG” collaboration will always be expanded and deepened to ensure clients can get an efficient one-stop solution for all their requirements, particularly when accessing and optimising MUFG’s global network. We have this competitive advantage and we can provide optimum services, all thanks to the full support from MUFG Group,” he added.
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PT Bank Danamon Indonesia
PT Bank Danamon Indonesia