MUFG, Danamon, Adira Finance, Zurich Asuransi Indonesia, and Home Credit Indonesia: Synergizing the Strength of One Financial Group to Support Indonesia’s Automotive Industry

Jakarta, 21 February 2025 – MUFG Bank, Ltd. (“MUFG”), PT Bank Danamon Indonesia Tbk (“Danamon”, IDX: BDMN), PT Adira Dinamika Multi Finance, Tbk (“Adira Finance”, IDX: ADMF), PT Zurich Asuransi Indonesia Tbk (“Zurich”), and PT Home Credit Indonesia (“Home Credit Indonesia”) have united their strengths with confidence as One Financial Group to support Indonesia’s automotive industry and economic growth. With a network spread across Indonesia and globally, financial strength, and a range of holistic financial solutions to meet every need, the five entities in the Group can reach all parts of Indonesia’s automotive industry value chain, from manufacturers, suppliers, and dealers, to retail customers. Collectively, the five companies serve more than seven million customers and have over 1,100 branches across Indonesia.

Kazushige Nakajima, Executive Officer, Country Head of Indonesia, MUFG, said, "Since 1968, as a branch office, MUFG has been committed to supporting Indonesia's automotive industry, especially for corporate customers. This commitment reflects the Group’s strategy to make this ecosystem a business priority in Indonesia. We appreciate the trust of all our customers and stakeholders in advancing Indonesia’s automotive industry, and we are proud to be a trusted partner for automotive players and other customers."

D. Ejima, President Director of Danamon, said, “As part of One Financial Group, Danamon is uniquely positioned to reach all sectors of the automotive industry through various financial solutions for both business players and retail customers. The solutions we offer, together with MUFG, Adira Finance, Zurich, Home Credit Indonesia, and our strategic partners, reflect the global and local strength of the Group, with a wide array of holistic financial solutions addressing all customer needs. We are proud to be part of Indonesia's automotive industry progress.”

Dewa Made Susila, President Director of Adira Finance, said, “As a leading multifinance company in Indonesia, Adira Finance continues to innovate in providing financing solutions that meet the needs of society. With strong support from MUFG, Danamon, Zurich Asuransi Indonesia, and Home Credit Indonesia within one financial ecosystem, we provide increasingly comprehensive services, from motor vehicle financing to insurance protection solutions and financial planning. This synergy enables us to not only support vehicle ownership for consumers but also strengthen the entire automotive industry, driving growth for dealer business partners and contributing to a more inclusive and sustainable national economy.”

Edhi Tjahja Negara, President Director of Zurich, said, “We are very proud to be part of the MUFG One Financial Group, together providing integrated financial services to the community. We believe that the collaboration between Zurich and the MUFG ecosystem will positively contribute to national economic growth and the insurance industry through adaptive and inclusive insurance solutions. Through the MUFG Group, Zurich aims to provide protection to a broader segment of the population.”

Animesh Narang, Chief Excecutive Officer of Home Credit Indonesia, said, “Together in One Financial Group and with the vast network and expertise of the Group, Home Credit is here to support the Group in reaching and serving a wider Indonesian population, including automotive consumers by providing financing for automotive accessories and gadgets, for every step of their life. Home Credit offers consumer financing solutions accessible through its network of over 20,000 partner stores in more than 200 cities across Indonesia. With this spirit, Home Credit Indonesia welcomes all Group customers, including those in the automotive value chain, to take advantage of our services and special offers to complement their needs and manage their finances better.”

Five Entities, One Financial Group Strength

As One Financial Group, the five entities can serve the entire journey of an automotive product, from production to purchase and use by consumers. At the production stage by manufacturing companies or importers by brand holders (APM), MUFG and Danamon, as banking entities, provide a variety of financial solutions to support businesses, such as loans, trade finance, and treasury services. Similar support is also provided to suppliers of raw materials, components, and other production support companies. Not only in corporate banking support, MUFG's corporate customers can also utilize financial support solutions from Danamon, such as salary account openings and other employee benefit products, as well as Zurich for employee health insurance.

In the distribution stage, MUFG and Danamon also serve distributors, dealers, and APMs, while Adira Finance plays a role in providing financing solutions through dealers and APMs across Indonesia.

At the retail consumer stage, support for purchasing and using motor vehicles is also available holistically through Danamon, Adira Finance, Zurich, and Home Credit Indonesia. For customers who choose to use their own funds for vehicle purchases, they can utilize savings solutions (such as Danamon LEBIH and Danamon LEBIH PRO) and investment solutions (such as conventional mutual funds or exchange-traded funds (ETFs)) to collect funds. For customers who choose financing products or want to manage their cash flow further, they can utilize vehicle financing products like KPM Prima, a result of the synergy between Danamon and Adira Finance. During the purchasing process, consumers can also purchase car insurance Autocilin or motorcycle insurance Motorpro, available from Zurich and also offered through Danamon’s marketing channels. Finally, to complement their needs for shopping related accessories, electronics gadgets, and other consumer products, customers can benefit from solutions offered by Home Credit Indonesia through its retail network across Indonesia, using Danamon debit or credit cards, or solutions from Adira Finance with multi-purpose financing.

The availability of comprehensive solutions for automotive consumers can also be felt when considering purchasing replacement cars or motorcycles, especially for those wishing to use trade-in solutions through Momobil and Momotor, part of Adira Finance.

Thus, together in One Financial Group, MUFG, Danamon, Adira Finance, Zurich, and Home Credit Indonesia offer holistic financial solutions tailored to the unique needs of each customer group, reaching every part of the automotive industry value chain in Indonesia. From the corporate segment— including vehicle manufacturers and their entire supply chain, distributors, and dealers— served together by MUFG and Danamon, to end consumers served by Danamon, Adira Finance, Zurich, and Home Credit Indonesia, the five entities, along with their strategic partners, form One Financial Group with the strength to support the growth of Indonesia's automotive industry and economy.

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