Danamon Recorded 35% Net Profit Growth in the First Quarter of 2026

Jakarta, 29 April 2026 – PT Bank Danamon Indonesia Tbk (“Danamon”, IDX: BDMN), a member of MUFG, a global financial group, today announces its consolidated financial and operational performance as of and for the three-month period ended 31 March 2026 (“1Q2026”). Danamon recorded a 35% increase in net profit and a 12% growth in pre-provision operating profit for the period compared with the same period of the previous year (“year-on-year”), after taking into account the impact of the implementation of PSAK 338.¹ This growth in profitability was supported by a 9% year-on-year growth in consolidated total loan and trade finance and a 16% year-on-year growth in consolidated total deposit.

Nobuya Kawasaki, President Director of Danamon, stated, “Danamon started 2026 with a strong financial performance, recording growth across lending, funding, and profitability, while maintaining sound asset quality through prudent practices. Under its Grow Together as One Financial Group strategic direction, Danamon remains committed to being a trusted financial solutions provider for its customers and to contributing to Indonesia’s economic development.”

In financial intermediation, on 31 March 2026, Danamon recorded a consolidated total loan and trade finance² of Rp216.2 trillion, growing by 9%¹ year-on-year. This growth was made possible by loan growth across all Danamon business lines, including 11% year-on-year growth for Enterprise Banking & Financial Institution, 9% year-on-year growth for SME Banking, 7% year-on-year growth for Consumer Banking, and 5% year-on-year growth for Adira Finance.¹ In deposits, Danamon recorded a consolidated total of current account, savings account (CASA) and time deposit of Rp176.1 trillion, growing 16% year-on-year.

In profitability, throughout 1Q2026 Danamon recorded a consolidated pre-provision operating profit (PPOP) of Rp2.6 trillion, growing 12% year-on-year.¹ Alongside 13% year-on-year improvement in cost of credit, Danamon recorded a consolidated operating profit of Rp1.6 trillion. Danamon’s consolidated net profit for the period³ of 1Q2026 was Rp1.1 trillion, growing 35% year-on-year.¹ In profitability margin, Danamon recorded a net interest margin (NIM) of 7.6%.

Growths in financial intermediation and profitability were accompanied by a well-maintained asset quality. As of 31 March 2026, Danamon recorded a loan at risk (LAR) ratio of 8.2%, improved by 2.4 percentage points year-on-year.¹ Danamon’s gross NPL ratio for the same period was 1.6%, marking a 30 basis points improvement year-on-year.¹ Danamon also recorded an NPL coverage ratio of 290.6%, an 8.3 percentage points improvement year-on-year.

Operational Performance for 1Q2026

As Danamon continued to execute its strategic priorities, including the development of priority business ecosystems and investments to strengthen core capabilities across digital banking, branding, human capital, and branch transformation, Danamon delivered solid operating performance in 1Q2026.

In the automotive ecosystem, Danamon recorded a 36% year-on-year growth1 in synergy loan disbursement involving Danamon and Adira Finance. This growth in the automotive ecosystem was built on top of key initiatives, especially Danamon’s support for the Indonesia International Motor Show (IIMS) Jakarta 2026 together with Adira Finance and MUFG on 5-15 February 2026. At this event, more than 580,000 visitors got the opportunity to benefit from Danamon’s various financial solutions, including KPM Prima, the automotive financing solution offered jointly by Danamon and Adira Finance. At IIMS Jakarta 2026, Danamon recorded a 9% year-on-year growth in transaction volume.

Danamon customers continued to benefit from the many financial solutions that Danamon offered through D-Bank PRO and Danamon Cash Connect. D-Bank PRO, Danamon’s digital banking application for retail customers, recorded a 31% year-on-year growth in number of transaction and a 39% year-on-year growth in transaction volume. Danamon also introduced notable improvements to the D-Bank PRO application to elevate customer’s experience in using the app, including through new features such as a unified onboarding experience for credit card customers, downloadable tax report, and improvements in the user interface and user experience (UI/UX). Danamon Cash Connect, Danamon’s digital banking application for corporate customers, recorded a 24% increase in number of users, and 11% year-on-year growths in both the number of transactions and transaction volume.

Danamon’s nationwide network is supported by regional branches that serve as hubs for Danamon’s business activities across Indonesia. In 1Q2026, Danamon hosted a wide range of customer engagement events at its various branches. These events included, among others, a Mini Travel Fair hosted in Pekanbaru, Riau, a market update seminar held in Semarang, Central Java, and public holiday celebrations, such as the Lunar New Year and the Eid al-Fitr.

Awards Received in 1Q2026

In 1Q2026, Danamon received a number of awards, recognizing Danamon’s commitment to become a trusted financial solutions provider for our customers:

• A series of awards at The 9th Infobank Satisfaction, Loyalty, and Engagement (SLE) Awards 2026 from Infobank. Danamon won: Golden Champion In Satisfaction, Loyalty, and Engagement; the 3rd Best KBMI 3 Bank in Customer Centricity; the 3rd Best KBMI 3 Bank in Loyalty; the 3rd Best KBMI 3 Bank in Perceived Security; the 2nd Best KBMI 3 Bank in Marketing Engagement; and the 3rd Most Satisfying KBMI 3 in Mobile Banking.
• Indonesia Top Digital Financial Brands Awards 2026 for the category of KBMI 3- E-Banking from The Iconomics.

These performance achievements and awards received in 1Q2026 serve as the foundation for greater growth for Danamon for the rest of 2026. With its strategic direction of Grow Together as One Financial Group, Danamon will continue to serve its customers as a trusted financial solutions provider for its customers by providing holistic financial solutions together with its group members and strategic partners.

Further information regarding Danamon’s 1Q2026 performance is available in the Investor and 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 In line with Indonesian Statement of Financial Accounting Standards 338 (PSAK 338), the merger of PT Mandala Multifinance Tbk (BEI: MFIN) and PT Adira Dinamika Multi Finance Tbk (BEI: ADMF) effective on 1 October 2025 was a business combination under common control (BCUCC). Therefore, for comparative purposes, the financial statements as of and for the financial year ended 31 March 2025 (1Q2025) were restated as if the merger of MFIN had occurred since MFIN was under the same control of Mitsubishi UFJ Financial Group, Inc. (using the pooling of interests’ method). There is no economic benefit change due to this restatement.
² Total loan and trade finance includes marketable securities.
³ Consolidated net profit is net profit attributable to owners of parent entity, after tax and minority interests.

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