Bank Danamon

It is the sixth largest bank in Indonesia by asset size.

[2] In December 2017, Japan's Mitsubishi UFJ Financial Group (MUFG) bought a 19.9% stake in Danamon from Temasek Holdings for Rp 15.875 trillion ($1.17 billion).

[3] In April 2019, MUFG announced the merger of Danamon and Bank Nusantara Parahyangan (BNP).

The merger resulted in MUFG becoming the majority shareholders with 94.1% stake of Bank Danamon.

[4] In December 2019, Danamon sold most of its share of Adira Insurance to Zurich Insurance Company, making Danamon a minority shareholder.