DANAMON ANNOUNCES QUARTER III-2023 FINANCIAL RESULTS

Press Release / 30 October 2023

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Jakarta, October 30, 2023 - PT Bank Danamon Indonesia Tbk ("Danamon" or "Bank") today disclosed its Third Quarter (Q3) 2023 financial performance results.

Danamon reported a consolidated Net Profit After Taxes (NPAT) of Rp2.6 trillion for the first nine months of 2023. Net Interest Margin (NIM) successfully grew by 26 basis points (bps) Year-on-Year (YoY) with Operating Income increased by 7% YoY to Rp13.3 trillion.

Total Loan and Trade Finance grew by 18% YoY, accounted for Rp166.2 trillion supported by stronger loan growth in all business segments. The biggest contributors of loan portfolio were the Enterprise Banking & Financial Institution segment, accounted to Rp75.6 trillion, grew by 14% YoY followed by Financing from PT Adira Dinamika Multi Finance Tbk. (Adira Finance) —a subsidiary of Danamon— accounted to Rp52.8 trillion, grew by 26% YoY. Adira Finance’s new financing grew by 39% YoY. Consumer loan achieved the highest growth rate at 31% YoY to Rp15.3 trillion, while SME Loans showed a 10% YoY growth.

Amidst a high interest rate environment, Danamon maintained its Granular Funding to increase by 9% YoY. 

Danamon balanced its high loan growth with strong asset quality management. This is reflected by the Bank’s Loan at Risk (LAR) (include Covid-19 restructure under forbearance) ratio that was managed down to 12.3%, improved by 190 bps YoY. Danamon also improved its Non-Performing Loans (NPL) coverage, reaching 252.7% to support its loan growth. For further detail financials can be assessed in the link: bdi.co.id/AnalystBriefing9M23.

"We will continue to maintain and exceed these achievements in the future, including further exploration and optimization of our collaboration with the businesses within MUFG network ecosystem. We are also committed to continue investing in our foundation building to sustain long-term growth, including in IT, Digital, HR, and our branch office networks so we can realize the spirit of ‘Grow with Us’ with our customers and communities through our services," stated Daisuke Ejima, the President Director of PT Bank Danamon Indonesia Tbk.

Danamon’s commitment in delivering holistic financial solutions.

As part of MUFG, a leading global financial group as well as Japan's largest bank, Danamon is supported by MUFG's strengths, expertise, and network in serving customers and facilitating business growth to create long-term value for all stakeholders. Danamon is also an enabler to support the growth of both customers and business partners, employees, communities, as well as Indonesian economy. This is reflected by Danamon's innovative and appropriate financial solutions so that customers can take control of their financial needs and goals.

Danamon is committed to consistently innovating and improving its channel capabilities, both physical and digital, to stay relevant and diligently meet its customer’s need across all segments. 

To celebrate its 67th Anniversary, Danamon presented DXPO by Danamon on 20th – 23rd July 2023, at Central Park Mall with the theme ‘TUMBUH BERSAMA’. Danamon held DXPO to showcase the company's various product, service, and channel capabilities; and reaffirmed its commitment to become a one-stop financial solution provider for all of the financial needs of both retail, SME and corporate customers. DXPO by Danamon is a travel, property, automotive, F&B, and lifestyle Expo that provides many promotions for both new and existing Danamon’s customers at the event. 

During the DXPO, Danamon also announced the winners of the first round of the 3 months prizes of Danamon Hadiah Beruntun (DHB) for the Jabodetabek area. DHB is a raffle program for customer who make savings fund placement in Danamon that enable customers to have the opportunity to win multiple times. More than 50,000 winners across Indonesia with the top prize of a Tesla Model 3 and Mercedes Benz C200, as well as quarterly prizes such as the Innova Zenix Hybrid, Mitsubishi Xpander and precious metal. The winners of the first and second round of the program can be accessed at the link:  bdi.co.id/pemenangdhb2023.

Danamon continues to improve the capabilities of its mobile banking application D-Bank PRO. Until Q3 2023, Danamon kept adding new and improving its features such as adding new billers, Foreign Currency (FCY) using live rate through Danamon LEBIH PRO, Credit Card digital application for existing customer and many more features that enable customers to manage their transaction conveniently. New billers added includes PBB, PDAM, Insurances, Games, TV Streaming. Danamon LEBIH PRO is Danamon’s multicurrency saving account, in which the customer could enjoy the convenience of managing funds with 9 currencies in one account. Existing customers could register for this saving account through D-Bank PRO. Furthermore, Danamon offered cash-back promotions for D-Bank PRO users for transactions in various merchants, and this information is accessible at the following link: bdi.co.id/cbdbankpro.

Danamon continues to transform its branch networks through Danamon Next Generation Branch Concept. Through this concept, Danamon improves the function of its branch offices from only executing primary transaction into creating opportunities to foster more profound relationship with the customers through a more holistic banking experience. In 2023, Danamon aims to transform 53 offices across Indonesia. As of the end of September 2023, Danamon has transformed 29 branches, with majority located in Jabodetabek, Surabaya, Bandung, Semarang, and Medan.

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