Danamon Receives OJK Approval to Act as Operational Financial Holding Company of MUFG in Indonesia

 

Jakarta, 10 July 2025 – PT Bank Danamon Indonesia Tbk (“Danamon”, IDX: BDMN), a member of MUFG, a global financial group, today announces that it receives an approval from the Indonesia Financial Services Authority (“OJK”) to act as the Operational Financial Holding Company (“FHC”) of the MUFG Financial Conglomeration (“MUFG FC”) in Indonesia.

The appointment of Danamon by MUFG Bank, Ltd. (“MUFG Bank”), the controlling shareholder of Danamon, to act as the Operational FHC of the MUFG FC in Indonesia is to fulfill the requirements of the Regulation of the Financial Services Authority Number 30 Year 2024 Concerning Financial Conglomerates and Financial Holding Companies (“POJK 30/2024”). In accordance with POJK 30/2024, as FHC, Danamon is responsible to control, consolidate, and oversee all activities of the MUFG FC in Indonesia.

Daisuke Ejima, President Director of Danamon, explains, “We appreciate the approval from OJK for Danamon to act as the Operational FHC of the MUFG FC in Indonesia. Through its role as Operational FHC, Danamon intends to strengthen collaboration within the MUFG FC in Indonesia, so that it can continue to contribute to the growth of Indonesia’s financial industry by better serving our customers with holistic financial solutions from all members of the MUFG FC. Danamon is committed to execute this leadership role with full responsibility, in compliance with prevailing rules and regulations, and by implementing good corporate governance.”

The appointment of Danamon as Operational FHC of the MUFG FC by MUFG Bank is part of MUFG’s strategic action to strengthen integration within the MUFG FC, which aligns with Danamon’s strategy to Grow Together as One Financial Group, to together offer holistic financial solutions for customers, so that in return the MUFG FC can continue to contribute to the financial industry in Indonesia, especially in its current position as one of Indonesia’s largest and leading financial conglomerates. Furthermore, this appointment and approval will strengthen integrated corporate governance and risk management within the MUFG FC, with more robust coordination.

The membership composition of the MUFG FC in Indonesia is as follows:

  • Danamon, a commercial bank based in Indonesia, here acts as the Operational FHC of the MUFG FC;
  • PT Adira Dinamika Multi Finance Tbk (“Adira Finance”, IDX: ADMF), a multifinance company based in Indonesia, here acts as a Member of the MUFG FC;
  • PT Home Credit Indonesia (“Home Credit Indonesia”), a multifinance company based in Indonesia, here acts as a Member of the MUFG FC; and
  • PT Mandala Multi Finance Tbk (“Mandala Finance”, IDX: MFIN), a multifinance company based in Indonesia, here acts as a Member of the MUFG FC. 

Meanwhile, in accordance with the Resolutions of the Extraordinary General Meetings of Shareholders on 30 June 2025, the shareholders of Adira Finance and Mandala Finance have approved the merger plan involving both companies, with Adira Finance being designated as the surviving company. Subsequent to approvals obtained from relevant regulators received on the same day, the merger is scheduled to take effect on 1 October 2025.

Information disclosure based on this announcement is available on Danamon’s corporate website and Indonesia Stock Exchange’s website.

 

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For more information, please contact:

Matthew Hanzel

Corporate Communications Manager

PT Bank Danamon Indonesia Tbk

Email: matthew.hanzel@danamon.co.id