About Danamon
Danamon is a company based in Jakarta (Indonesia) founded in 1956 was acquired by MUFG in December 2017.. The company has 25,650 employees as of December 31, 2024. Danamon has completed 1 acquisition, including Standard Chartered. Danamon offers products and services including Tabungan, Kredit Pemilikan Rumah, Kartu Kredit, Asuransi Jiwa, and Reksa Dana. Danamon operates in a competitive market with competitors including Scotiabank, Bank Negara Indonesia, Bank of America, Bank Rakyat Indonesia and Bank Central Asia, among others.
- Headquarter Jakarta, Indonesia
- Employees 25650 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pt Bank Danamon Indonesia Tbk Class A
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Annual Revenue
$1.68 B (USD)11.17as on Dec 31, 2024
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Net Profit
$196.41 M (USD)-9.14as on Dec 31, 2024
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
25650
as on Dec 31, 2024
- Investments & Acquisitions
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Acquired by
MUFG
(Dec 26, 2017)
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IPO & Listings of Danamon
Danamon is a publicly listed company on the IDX with ticker symbol BDMN in Indonesia, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Danamon
Danamon offers a comprehensive portfolio of products and services, including Tabungan, Kredit Pemilikan Rumah, Kartu Kredit, Asuransi Jiwa, and Reksa Dana. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Account for personal savings and daily transactions.
Loan for home ownership and property financing.
Card for purchases, cash advances, and rewards programs.
Life insurance coverage for protection and benefits.
Investment funds for portfolio growth and returns.
Funding Insights of Danamon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Danamon
Danamon has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include MUFG Campus. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are advised through specialized finance teams.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Danamon
Danamon has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Standard Chartered. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Corporate, investment, wealth, and retail banking services are provided globally.
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1953 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Danamon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Danamon Comparisons
Competitors of Danamon
Danamon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Scotiabank, Bank Negara Indonesia, Bank of America, Bank Rakyat Indonesia and Bank Central Asia, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial bank with international presence
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services including savings, loans, and investments are offered.
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| domain | founded_year | HQ Location |
Commercial banking services are offered to individuals and corporates.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Danamon
Frequently Asked Questions about Danamon
When was Danamon founded?
Danamon was founded in 1956.
Where is Danamon located?
Danamon is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
How many employees does Danamon have?
As of Dec 31, 2024, the latest employee count at Danamon is 25,650.
What is the annual revenue of Danamon?
Annual revenue of Danamon is $1.68B as on Dec 31, 2024.
What does Danamon do?
Danamon was established in 1956 and is headquartered in Jakarta, Indonesia. Operations are conducted as a commercial bank within the financial sector, focusing on core banking activities. Deposits, loans, and transaction services are extended to individual and corporate clients across the country. National coverage is maintained through an extensive branch network, supporting everyday financial needs in the Indonesian market.
Who are the top competitors of Danamon?
Danamon's top competitors include Scotiabank, Bank Negara Indonesia and Bank of America.
What products or services does Danamon offer?
Danamon offers Tabungan, Kredit Pemilikan Rumah, Kartu Kredit, Asuransi Jiwa, and Reksa Dana.
Is Danamon publicly traded?
Yes, Danamon is publicly traded on IDX under the ticker symbol BDMN.
How many acquisitions has Danamon made?
Danamon has made 1 acquisition, including Standard Chartered.
Who are Danamon's investors?
Danamon has 1 investor. Key investors include MUFG Campus.
What is Danamon's ticker symbol?
The ticker symbol of Danamon is BDMN on IDX.
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