PT Bank Danamon Indonesia Tbk (Danamon, IDX: BDMN) and MUFG Bank, Ltd., Jakarta Branch (MUFG Indonesia) have introduced the proposed name and logo for the integrated bank, PT Bank MUFG Danamon Tbk, or Bank MUFG Danamon (06/10).

The proposed name and logo remain subject to approval from shareholders, relevant ministries, and authorized regulators.

If the required approvals are obtained, the Integrated Bank is planned to operate under the proposed name and logo from the effective date of the Integration.

Bank MUFG Danamon Proposed for Integrated Bank

MUFG Bank intends to integrate MUFG Indonesia, its branch in Indonesia, with its subsidiary, Danamon, to form an integrated bank incorporated under Indonesian law.

The Integration is planned in accordance with Financial Services Authority (OJK) Regulation No. 41/POJK.03/2019 on the Merger, Consolidation, Acquisition, Integration and Conversion of Commercial Banks.

The intention to undertake the Integration was voluntarily announced on May 11, 2026. The introduction of the proposed name and logo is part of the companies' commitment to maintaining open and transparent communication with stakeholders.

The companies said the proposed name and logo represent more than a new identity. Bank MUFG Danamon reflects the commitment of Danamon and MUFG Indonesia to continue growing together in Indonesia by combining their local strengths and global expertise.

MUFG and Danamon Highlight Combined Strengths

Danamon President Director Nobuya Kawasaki said the planned bank would bring together Danamon's 70 years of experience in Indonesia with MUFG's global expertise and network.

“Together, we will bring forward Danamon’s 70 years of experience in Indonesia, combined with MUFG’s strong global expertise and network, as we continue building for the future.”

Kenji Sato, Executive Officer and Country Head of Indonesia at MUFG Bank, Ltd., said the proposed name and logo reflect the commitment to create greater value by combining the strengths of both institutions.

“The proposed new name and logo reflect our commitment to create greater value by bringing together the strengths of both institutions. More importantly, this combination will strengthen our ability to better serve customers, support our colleagues, benefit the communities we serve, and contribute to Indonesia’s growth.”

Danamon and MUFG Indonesia Operations Continue Unchanged

Until all required approvals are obtained and the Integration is completed, Danamon and MUFG Indonesia will continue to operate as separate entities.

Customers of both banks can continue to transact and use their respective products and services as usual. There will be no changes to the existing products and services, general current operating hours, or branch networks.

All contractual relationships between Danamon or MUFG Indonesia and their respective contractual counterparties will also remain unchanged. These counterparties include vendors, contractors, outsourcing companies, and other parties.

Danamon and MUFG Indonesia said they remain committed to providing material information concerning the Integration in a timely manner through their respective official communication channels.

Integration Remains Subject to Required Approvals

The proposed name and logo, as well as the implementation of the Integration, remain subject to the necessary approvals from shareholders, relevant ministries, and regulators.

The companies said there is no assurance that the Integration will proceed as planned or that Bank MUFG Danamon will ultimately become the name and logo of the Integrated Bank.

The intention to integrate is subject to applicable review processes and prevailing laws and regulations, including approvals from relevant authorities and regulators. The process may therefore be delayed, amended, fail to obtain the necessary approvals, or be cancelled as a result of regulatory decisions or other factors beyond the control of the respective entities.

The announcement also contains forward-looking statements based on information, conditions, and assumptions available and considered reasonable when it was issued. The companies said such statements involve uncertainties, risks, and other factors that could cause actual outcomes or results to differ materially from those expressed or implied in the announcement.

Stakeholders and investors are cautioned not to rely solely on the announcement when making investment or financial decisions. Investors are encouraged to conduct their own independent evaluations and analyses and, where appropriate, consult licensed investment advisers.

The companies advised all parties to read and interpret the announcement carefully, noting that it does not constitute a commitment, guarantee, or definitive statement regarding future events and may change at any time without prior notice.

PHOTO: MUFG

This article was created with AI assistance.

We make every effort to ensure the accuracy of our content, some information may be incorrect or outdated. Please let us know of any corrections at [email protected].