Bank Danamon

On July 16, 1956, Bank Danamon was founded as PT Bank Kopra Indonesia. The bank was renamed PT Bank Danamon Indonesia in 1976. In 1976, it started concentrating on currency exchange activities, and in 1989, it listed its shares on the Jakarta Stock Exchange.

Danamon, which was experiencing liquidity issues during the Asian financial crisis, was placed under the Indonesian Bank Restructuring Agency's supervision by the government in 1997. (IBRA). Using Rp 32 billion in government bonds, the government, through IBRA, recapitalized Danamon in 1999. As a part of IBRA's reorganization strategy, numerous banks that the government had taken over joined with Bank Danamon in the same year. Danamon's size increased in 2000 when Bank Danamon amalgamated with eight additional banks that the government had taken control of.

The market capitalization of Bank Danamon was $1.88 billion as of April 2023. By market cap, Bank Danamon is now the 3802nd most valuable firm in the world. The most recent financial reports from Bank Danamon show that the company's current revenue (TTM) is $1.19 billion. The company generated $1.21 billion in revenue in 2021, up from $1.18 billion in revenue in 2020.

Founded: July 16, 1956
Headquarters: Jakarta, Indonesia
Website: www.danamon.co.id