Danamon Relies on Business Ecosystem to Boost Third-Party Funds
PT Bank Danamon Indonesia Tbk is optimistic that growth in third-party funds (DPK) will remain on target through the end of 2026, despite increasingly fierce competition for deposits. The company is making liquidity strengthening a primary focus to support business expansion.
Chief Strategy Officer Reza Iskandar Sardjono stated that the company’s DPK growth is on track. He noted that adequate liquidity is a key factor in maintaining the bank’s health.
“I think (DPK growth) is still on track. We will continue to maintain it because it is one of the keys to a bank’s health. Liquidity is our main focus,” Reza said after a media luncheon celebrating Danamon’s 70th anniversary in Jakarta on Tuesday (14/7/2026).
Reza explained that the fund-raising strategy is carried out by strengthening various business ecosystems, such as the automotive, fast-moving consumer goods (FMCG), education, Japanese property, and Hajj and Umrah sectors.
According to him, the financial supply chain approach allows the flow of funds from producers, distributors, sub-distributors, to consumers to remain within the Danamon customer ecosystem, thereby supporting sustainable DPK growth.
In addition to strengthening ecosystems, Danamon is also continuously improving its digital services by adding various transaction features to boost customer activity and maintain competitiveness.
Based on the first quarter 2026 performance report, Danamon’s total loans and trade finance grew approximately 9 percent year-on-year to Rp216.2 trillion. Meanwhile, current accounts, savings, and deposits increased by around 16 percent to Rp176.1 trillion.
Consumer Funding and Wealth Business Head Ivan Jaya said the company is maintaining a balance between short-term and long-term funding needs amid the competition for deposits.
According to Ivan, interest rate adjustments are made selectively by considering customer needs, market conditions, and the direction of government and regulatory policies.
“We do not simply raise all interest rates, both lending and deposit rates,” he said.
He stated that the main strategy is not only through pricing adjustments but also by increasing transaction activity so that the proportion of low-cost funds rises and the cost of funds is maintained.
Ivan added that an increase in low-cost funds provides room for the bank to offer more competitive lending rates to the public.
He confirmed that the credit growth target until the end of 2026 remains in the low double-digit range, or around 10 to 15 percent. Meanwhile, DPK growth is expected to move in line with financing expansion.
“Credit growth in the low double digits, between 10 and 15 percent, has always been our target. For funding, it also follows,” he said.
Based on data from the Financial Services Authority (OJK), the banking industry’s third-party funds in May 2026 grew 13.49 percent year-on-year to Rp10,294 trillion. This growth was supported by a 20.53 percent increase in current accounts, a 10.17 percent increase in deposits, and a 10.21 percent increase in savings.
Industry liquidity also remained well maintained, with the ratio of liquid assets to non-core deposits at 108.20 percent and liquid assets to DPK at 24.74 percent, well above the regulatory threshold.