PT Bank Danamon Indonesia Tbk completed the acquisition of Performing loan portfolios of Standard Chartered Bank Indonesia.
December 10, 2023
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PT Bank Danamon Indonesia Tbk (IDX:BDMN) signed an agreement to acquire Performing loan portfolios of Standard Chartered Bank Indonesia on April 17, 2023. The transaction is subject to fulfilment of relevant regulatory requirements and is expected to be completed in fourth quarter of 2023. Fabiola Hutagalung and Citra Ayu Kusumawardhani of Hanafiah Ponggawa & Partners Law Firm acted as the legal advisor to PT Bank Danamon Indonesia Tbk (IDX:BDMN).
PT Bank Danamon Indonesia Tbk (IDX:BDMN) completed the acquisition of Performing loan portfolios of Standard Chartered Bank Indonesia on December 11, 2023.
PT Bank Danamon Indonesia Tbk is an Indonesia-based company engaged in general banking services. The Company's segments include Retail and Wholesale. It serves all segments of banking customers in the Consumer segment, Small Medium Enterprise (SME) segment and Enterprise (Commercial and Corporate) Banking segments. The Bank provides a comprehensive range of banking and financial products and services, including Sharia banking services. In addition, it provides financing for automotive and consumer goods through Adira Finance. It offers banking services, which include savings, loan, card transaction, Danamon promotion, insurance, investment, Danamon optimal, Danamon privilege, sharia personal, Danamon Business Financing, cash management, trade finance, treasury, sharia business and others. Its services can be accessed through its Danamon Online Banking, mobile banking through the D-Bank and D-Card applications, SMS Banking, as well as phone banking services via Hello Danamon.