Danamon Announces First Half 2026 Financial Results

Jakarta, 30 July 2026 – PT Bank Danamon Indonesia Tbk (“Danamon”, IDX: BDMN), a member of MUFG, a global financial services group, today announces its financial and operational performance for the first half ended 30 June 2026 (1H26) through a virtual press conference held in Jakarta. Danamon successfully maintained healthy growth in both intermediation and funding by further strengthening synergies across the One Financial Group ecosystem. Throughout this period, Danamon booked a consolidated net profit of Rp2.4 trillion¹, grew by 33% compared to the same period of the previous year ("year-on-year"). This healthy profitability performance was underpinned by a 12% year-on-year increase in consolidated loans and trade finance¹, supported by a 14% year-on-year growth in customer deposit.

Nobuya Kawasaki, President Director of Danamon, explained, "Throughout the first half of 2026, Danamon consistently executed its strategic focus on driving sustainable growth and strengthening collaboration across our financial group ecosystem. One of the corporate actions we took was capital participation into PT Home Credit Indonesia which made Danamon the Controlling Shareholder of HCI. We are optimistic in entering the second half of this year with a strong financial foundation and prudent risk management, as well as the support of MUFG as our parent company, group members, and strategic partners, to provide holistic financial solutions to our customers and all of Danamon's stakeholders, while continuing to contribute to Indonesia’s economic growth."

Danamon's intermediation activities showed a solid performance throughout the first half of 2026. Danamon recorded total consolidated loans and trade finance growth of 12% year-on-year to Rp230.1 trillion. The growth in total loans and trade finance was supported by the performance of the Enterprise Banking and Financial Institution business line, which increased by 19% to Rp109.7 trillion, followed by continued growth in the SME Banking and Consumer Banking business lines, as well as Danamon’s subsidiaries. In terms of deposits, Danamon recorded a consolidated total of current account and savings account (CASA) and time deposit of Rp181.7 trillion, increased by 14% compared to the same period last year.

Danamon continued to deliver strong profitability growth, supported by balanced business expansion and prudent risk management. Operating income increased by 7% year-on-year to Rp12.6 trillion, which also supported the achievement of net profit after tax (NPAT) of Rp2.4 trillion. In line with this, Danamon recorded a net interest margin (NIM) of 8.1%.

Danamon’s asset quality also remained well maintained alongside its sustainable business growth. As of 30 June 2026, the Loan at Risk (LAR) ratio, was successfully reduced to 7.8%, improving by 263 basis points compared to the same period last year. At the same time, Danamon continued to maintain a solid level of provisioning, as reflected in its NPL coverage ratio of 282.4%.

Danamon's Continued Commitment to Transform into a One Financial Group

As part of its commitment to delivering integrated holistic financial solutions, Danamon continues to strengthen synergies across the group companies. In fulfilling the requirements for the establishment of an Operational Financial Holding Company (FHC) and MUFG Financial Conglomeration (MUFG FC), Danamon made a capital participation in PT Home Credit Indonesia (HCI) effective 24 June 2026 by acquiring HCI shares previously owned by PT Adira Dinamika Multi Finance Tbk.

Following the capital participation, Danamon became the Controlling Shareholder (Pemegang Saham Pengendali/PSP) of HCI. In its role as the controlling shareholder, Danamon is committed to ensuring that HCI’s management and business development are aligned with Danamon’s continued commitment to transform into a One Leading Financial Group together with MUFG as its parent company and other group members. This synergy is expected to further enhance the Group’s ability to provide holistic financial solutions while supporting sustainable growth.

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¹As a note, the financial information presented today reflects the impact of two business combinations under common control in accordance with PSAK 338. The first is the merger between PT Mandala Multifinance Tbk and PT Adira Dinamika Multi Finance Tbk, which became effective on 1 October 2025. The second is the acquisition of an additional 9.82% equity interest in PT Home Credit Indonesia from PT Adira Dinamika Multi Finance Tbk, which became effective on 24 June 2026.

In line with the requirements of PSAK 338, certain comparative figures for prior periods have been restated as if these transactions had occurred from the date the entities came under common control. This restatement is solely an accounting presentation adjustment intended to improve the comparability of financial performance across reporting periods. As a result, some comparative figures presented today may differ from those previously published. However, it is important to note that these adjustments do not affect Danamon's underlying financial performance or the economic benefits of the transactions.