PT Bank Danamon Indonesia Tbk (“Bank Danamon”) and PT Bank Nusantara Parahyangan Tbk (“Bank BNP” or “Merged Bank”), a member of Mitsubishi UFJ Financial Group, Inc. (“MUFG”) have completed their legal merger process. Effective on 1 May 2019, Bank BNP is merged with Bank Danamon as the Surviving Bank.
Following the legal merger, all rights and obligations, as well as assets and liabilities of Bank BNP shall by law be transferred to Bank Danamon.
With the completion of the legal merger, MUFG Bank, Ltd. (“MUFG Bank”), the core banking unit of MUFG, will become the controlling shareholder of Bank Danamon, which will allow greater collaboration and synergy that will positively contribute to the growth of the Indonesian banking sector and economy as a whole.
MUFG is one of the world’s leading financial groups. We believe that MUFG’s investment in Bank Danamon will add value to our customers and franchise, and help us continue to grow as a leading bank in Indonesia. We will be able to tap on MUFG’s strengths, expertise and network to facilitate Bank Danamon’s growth and delivery of long term value to all stakeholders.
Bank Danamon - Bank BNP Merger
Letter on Changes in Banking Activities Related to the Operational Merger for ex Bank BNP Individual Customers
Letter on Changes in Banking Activities Related to the Operational Merger for ex Bank BNP Corporate Customers
FAQ and Additional Information for Ex BNP Customers