MUFG Bank advances integration with Danamon and adjusts Adira Finance holdings

MUFG Bank is advancing its strategic presence in Indonesia through banking integration and share adjustments. PT Bank Danamon Indonesia Tbk and MUFG Bank, Ltd. (MUFG Indonesia) have proposed the name ‘PT Bank MUFG Danamon Tbk’ or ‘Bank MUFG Danamon’ as the new identity for their integrated entity. This proposed name and logo are currently awaiting approval from shareholders, relevant ministries, and regulators.

In a separate move, MUFG Bank sold 55,938,400 shares of PT Adira Dinamika Multi Finance Tbk (ADMF) on September 29, 2026, at a price of Rp7,800 per share. The transaction, valued at approximately Rp436.32 billion, was conducted to support compliance with free float requirements. Following the sale, MUFG Bank’s voting rights in ADMF decreased from 18.89% to 14.36%, though the bank maintains its status as the controlling shareholder.