Danamon Announces Financial and Operational Performance of First Quarter of 2025

Press Release / 29 April 2025

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Jakarta, 29 April 2025 – PT Bank Danamon Indonesia Tbk (“Danamon” or “the Company”, IDX: BDMN), a member of MUFG, a global financial group, today announces its consolidated financial and operational performance for the date and for the three-month period ended 31 March 2025 (“1Q2025”). Danamon consistently recorded growth in intermediation, with a consolidated total loan and trade finance¹ of Rp192.7 trillion, an increase of 7% compared with the previous year (“year-on-year”). Danamon’s funding also experienced growth, in which third-party funds recorded a 6% year-on-year growth to Rp151.7 trillion. While maintaining asset quality alongside its business growth, Danamon recorded a consolidated pre-provision operating profit (“PPOP”) of Rp2.0 trillion.

D. Ejima, President Director of Danamon, explained, “In the first three months of 2025, Danamon maintains its growth momentum, with positive performance in both lending and funding, together with a well-maintained asset quality. With the Grow Together as One Financial Group strategy, Danamon remains committed to becoming the best financial solutions provider together with MUFG as parent entity, group members, and partners. We appreciate the trust given to Danamon by our customers, partners, shareholders, regulators, the government, and all stakeholders.”

In intermediation, Danamon’s lending growth is supported by double-digit growths in Enterprise Banking and Financial Institution, SME Banking, and Consumer Banking businesses. The growth experienced by the funding side was evident in the stable growth of granular funding,² with a 6% year-on-year growth.

While lending continued to grow, Danamon prioritized asset quality and risk management, while steadfastly being prudent. It was shown by Danamon’s loan at risk (LAR)³ ratio of 10.4% on 31 March 2025, a 160-basis point improvement year-on-year. Gross NPL ratio for the same time was 1.9%, a 30-basis point improvement year-on-year. Even with an improving lending quality in 2025, Danamon prepared sufficient provisioning, as shown by its NPL coverage ratio of 283.3%, a 21.5 percentage points increase compared with the previous year.

Danamon’s operating income for 1Q2025 was Rp4.7 trillion, stable year-on-year. Danamon booked a net profit for the period of Rp757 billion. This was supported by a lower cost of credit, with a 11% decline year-on-year. Danamon also booked a net interest margin (NIM) in 1Q2025 of 7.1%.

Danamon’s 1Q2025 Business Performance Achievements

In 1Q2025, Danamon consistently implemented actions to implement its medium-term strategy for 2024-2026, Grow Together as One Financial Group. Danamon continued positive trend in its ecosystem-based approach, strengthened collaboration between companies in the group, and continued investments for foundation building in support of business growth, including investments in digital banking, branding, human capital, and branch transformation.

Danamon’s ecosystem synergy approach recorded positive results, especially in automotive and hajj and umrah ecosystems. For automotive ecosystem, in 2025, Danamon, together with MUFG and Adira Finance, was the official bank partner of Indonesia International Motor Show (“IIMS”) 2025, for the fourth year, with the IIMS’ Jakarta edition was held in February 2025, showcased Danamon, MUFG, and Adira Finance’s commitment as One Financial Group for the growth of Indonesia’s automotive ecosystem. In addition, through business synergy with Adira Finance, Danamon recorded a stable growth in synergy loan disbursement in the automotive ecosystem, reaching Rp989 billion in 1Q2025.

In the hajj and umrah ecosystem, throughout 1Q2025, Danamon established partnerships with religious travel agencies, growing by 140% year-on-year. Funding from associations, religious travel agencies, and the Hajj Financial Management Agency (BPKH) in 1Q2025 increased by 468% year-on-year, alongside an increase in the number of accounts by 57% year-on-year. Danamon also conducted initiatives to strengthen its hajj and umrah ecosystem value propositions, including through customer engagement activities, such as iftar gatherings and community events, and hajj and umrah travel bureau fair hosted at Menara Bank Danamon.

To enable closer collaboration between companies as One Financial Group, Danamon introduced a co-base branch concept, in which holistic financial solutions from group members—including Danamon, Adira Finance, Home Credit, and Zurich—can be offered one location. The concept was currently trialled in Jakarta, Bogor, Surabaya, and Makassar. Furthermore, group synergy loan disbursement in 1Q2025 increased by 18% year-on-year, reaching Rp27.3 trillion, while the number of synergy deals in the same quarter increased by 21% year-on-year.

Danamon’s investment in establishing a stronger business foundation has yielded positive results. In digital banking, D-Bank PRO, Danamon’s personal digital banking solution, recorded growth in number of transactions processed in 1Q2025 by 37% year-on-year, along with a 32% year-on-year increase in the total transaction amount. Danamon Cash Connect, Danamon’s digital banking solution for corporations and business owners, recorded an 17% year-on-year increase in the number of transactions, and a 21% year-on-year increase in the total transaction amount, in the same period.

In 1Q2025, Danamon also transformed 12 branches across Indonesia. The branch transformation brought to Danamon 44% more customers that were new to the bank, compared with the previous year. Furthermore, to increase customer engagement, Danamon hosted a series of community events, providing valuable information and insights for customers. More than 30 such events were held at various post-transformation branches, bringing together hundreds of customers.

Danamon’s investment in branding was implemented through programs that enhanced customer relationship and welcomed new customers. In 1Q2025, Danamon announced 680 winners of Danamon Hadiah Beruntun, and reintroduced Danamon American Express® Gold Card, with a new rose gold color option, and improved rewards.

Awards and Accolades

With Danamon’s commitment to become a customer-centric financial solution provider, Danamon is proud to have received the following awards and accolades in 1Q2025, including:

• Top Sharia Business Unit – Bank, Indonesia Sharia Excellent Awards 2025 (The Iconomics).
• Best Bank (for Category III of Bank Based on Core Capital (KBMI)) for Satisfaction, Loyalty, and Engagement Index, the 8th Infobank Satisfaction, Loyalty, and Engagement Awards 2025 (Infobank).
• Ranked II for Best Bank (for Category III KBMI) for Commercial Banks, 14th Infobank – Isentia Digital Bank Appreciation 2025 (Infobank).

Further information regarding Danamon’s 1Q2025 performance is available in the Investor & Analyst Briefing presentation, which can be accessed on Danamon’s corporate website. Danamon’s consolidated financial statements will be available on Danamon’s corporate website and Indonesia Stock Exchange’s website.

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Note for Editors
¹ Total loan and trade finance includes marketable securities.
² Granular funding includes current account, savings account, and regular time deposit denominated in Indonesian rupiah from Consumer Banking and SME Banking.
³ Loan-at-risk includes non-performing loan (NPL), loan under special monitoring, and restructured loan at collectability 1, including restructured loan due to COVID-19 that are under forbearance.

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