Video: Danantara Transforms Danareksa, Cuts 50 Subsidiaries

Jakarta, CNBC Indonesia - Chief Operating Officer of BPI Danantara and Head of the State-Owned Enterprise Regulatory Agency, Dony Oskaria, presented the performance achievements of the Investment Management Agency (BPI) Danantara since its inauguration by President Prabowo Subianto on 24 February 2025.

BPI Danantara is consolidating state-owned enterprise asset management, which will be connected to banking acting as its distribution channel, thereby creating a solid asset management structure. One example is the transformation of Danareksa, which had more than 50 subsidiaries and has been restructured into Danareksa Investment. In addition, Danantara is forming an industrial estate holding company through an industrial estate ecosystem, so that its revenue sources are not solely derived from land leasing.

In the banking sector, Danantara has transformed Bank Himbara through strengthening and standardising naming within the Bank Himbara organisational structure. Business analysis has also been carried out by strengthening sources of business and asset growth.

One reform involves Bank BRI, which focuses on the micro sector, while the commercial and corporate sectors have not grown. Improvements are therefore being made by reducing the cost of funds. In addition, BRI’s leadership has been filled with individuals whose capacity and capability match the needs of business reform.

Danantara also praised the successful transformation of BNI and Bank Mandiri, which are led by competent future-oriented bankers, enabling them to record strong performance for Indonesian state-owned banking.