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[SITUATION] · [QUIET] · [BUSINESS]
2 clusters · 5 sources · 3 days · First seen · Last updated
MUFG Bank and Bank Danamon integration
Overview
MUFG Bank and PT Bank Danamon Indonesia Tbk are proceeding with a strategic integration in Indonesia. The two institutions have proposed the name ‘PT Bank MUFG Danamon Tbk’ or ‘Bank MUFG Danamon’ for the integrated entity, alongside a new logo. This proposal is currently awaiting approval from regulators, relevant ministries, and shareholders.
While the integration process is underway, the banks continue to operate as separate entities with no immediate changes to products, services, or office networks. The integration follows OJK Regulation Number 41/POJK. 03/2019 and aims to combine Danamon’s local experience with MUFG’s global network.
In a related financial move, MUFG Bank sold approximately 55.9 million shares of PT Adira Dinamika Multi Finance Tbk to comply with free float requirements. This transaction reduced MUFG Bank’s voting rights in Adira Finance from 18.89% to 14.36%, though the bank remains the controlling shareholder.
Entities
MUFG Bank, Ltd. · PT Bank Danamon Indonesia Tbk · Kenji Sato · Indonesia · Nobuya Kawasaki
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] PT Bank Danamon Indonesia Tbk and MUFG Bank, Ltd. (Jakarta Branch) have proposed PT Bank MUFG Danamon Tbk as the name for the integrated entity.
- [● 2 SOURCES] The use of the proposed name and logo awaits approval from shareholders, relevant ministries, and authorized regulators.
- [● 2 SOURCES] The integration plan was voluntarily announced by MUFG and Danamon on May 11, 2026.
- [● 2 SOURCES] The integration process adheres to Financial Services Authority (OJK) Regulation Number 41/POJK. 03/2019.
- [○ 1 SOURCE] Danamon and MUFG Indonesia currently maintain separate operations and continue to function as distinct entities.
- [○ 1 SOURCE] There are no changes to products, services, operating hours, or the available office network during the integration process.
Timeline
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[BUSINESS] 3 sourcesBank Danamon and MUFG propose Bank MUFG Danamon name
Bank Danamon and MUFG Indonesia have proposed PT Bank MUFG Danamon Tbk as the name for their integrated entity, pending regulatory and shareholder approval.
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[BUSINESS] 2 sourcesMUFG Bank advances integration with Danamon and adjusts Adira Finance holdings
MUFG Bank is integrating with Bank Danamon under the proposed name ‘Bank MUFG Danamon’ and has divested Rp436 billion in Adira Finance shares to meet free float requirements.
Sources
cnbcindonesia.com · insight.kontan.co.id · katadata.co.id · mediaasuransinews.co.id · republika.co.id