Danamon and MUFG Indonesia Explore Integration, Targeting Effectiveness in 2027
JAKARTA, KOMPAS.com - PT Bank Danamon Indonesia Tbk (BDMN) has announced the integration of its operational activities with MUFG in Indonesia. This step is being taken to strengthen business synergies and form one of the global financial institutions in Indonesia.
Danamon announced on Monday (11/5/2026) that it has signed a memorandum of understanding (MoU) with MUFG Bank, Ltd. to explore the potential integration of the two entities.
If implemented, the integration will combine the strengths, expertise, and global and national networks of both institutions to expand the reach of financial services to customers in Indonesia.
In addition, the integration is expected to provide added value to all stakeholders and contribute to the growth of the national financial services industry.
The proposed integration structure will later be outlined in an integration plan to be submitted to the relevant authorities, announced to the public, and sought approval from shareholders in accordance with applicable laws and regulations.
The integration plan is still awaiting approval from regulators and Danamon’s shareholders. The integration process is estimated to become effective in 2027.
Until the integration process is complete, Danamon assures that there will be no changes to the company’s operational activities or those of MUFG Indonesia. Customers of both entities are said to be able to continue using financial products and services as usual, without changes to services, operating hours, or existing branch networks.
Danamon is a private general bank established in 1956 and has been a consolidated subsidiary of MUFG Bank, Ltd. since 2019. As of 31 December 2025, Danamon had consolidated total assets of Rp 275.7 trillion.
Danamon’s network includes conventional banking services, a sharia business unit, and financing through its subsidiary, PT Adira Dinamika Multi Finance Tbk or Adira Finance. Danamon serves various customer segments from corporates, small and medium enterprises (SMEs), to retail.
If the integration is effectively implemented, the resulting merged entity will remain part of MUFG Bank, Ltd.
This integration step is also said to be in line with the Financial Services Authority’s (OJK) agenda in promoting consolidation in the national banking industry.
Danamon and MUFG Indonesia emphasise that they will continue to provide material developments regarding the integration process through each company’s official communication channels.
The company also reminds that the integration plan still contains uncertainties and depends on various regulatory approvals and other conditions beyond the company’s control. Therefore, investors are urged not to base investment decisions solely on this announcement without conducting independent analysis.