Danamon shareholders should refer to the DBS announcement dated 2 April 2012 that DBS will launch a Mandatory Tender Offer (MTO) to acquire the remaining listed shares from the other Shareholders of Danamon for a cash offer price of IDR 7,000, - per share.
Henry Ho, President Director of Danamon, said: “In the event the transaction proceeds, Danamon and DBS
should be complementary in many ways. Danamon has an extensive nationwide distribution network, which is expected to grow by an approximately 300 locations and 600 ATMs over two years until 2012, and proven ability in serving the under-penetrated mass market segment in Indonesia. DBS is the largest bank in Singapore with international reach. We believe DBS has strengths in corporate banking, capital markets, trade finance and investment management. If this transaction materializes, Danamon will work closely with DBS to become a dynamic Asian banking franchise.â€
Vera Eve Lim, Chief Financial Officer of Danamon, said: “Moving forward, we will continue our business growth plan through, among others, strengthening our leadership in the mass market segment, and continuing to grow our lending franchise in wholesale, SME, and retail segments.â€
Danamon will be appointing the relevant advisors to assist the Board of Commissioners and the Board of the Directors on the next steps with respect to this transaction.
About Danamon:
PT Bank Danamon Indonesia Tbk. was established in 1956 and as of December 31, 2011 operates over 3,000 branches and points of sales, including its Danamon Simpan Pinjam (DSP) and Syariah units as well as its subsidiaries branches. As of September 30, 2011 Danamon provides its customers with access to over 30,000 ATMs, including through its association with ATM Bersama and ALTO, in all 33 provinces in Indonesia.
Danamon was recently awarded as Indonesian Bank Loyalty Champion 2012 from Infobank and Markplus Insight in the conventional bank with more than Rp 75 trillion in assets category. Danamon also received Indonesia Brand Champion 2012 and Indonesia Service to Care Champion 2012 awards from Marketers and Markplus Insight in the conventional bank with more than Rp75 trillion in assets category. Last year, Danamon placed third in the 2011 Annual Report Award (ARA) for the listed financial institution category. From international institutions, Danamon received “Gold Award 2011†under category of Best Core Banking System Initiative, in the Asian Banking & Finance Banking Retail Awards 2011, hosted by Asian Banking & Finance Magazine (ABF). The judges decided winners based on the nominees’ strategy, service or product based on innovation, effectiveness, and flexibility in facing changes and progressive opportunities (dynamism).
Danamon is the sole issuer and acquirer of American Express® cards in Indonesia under an independent operator agreement which allows it to issue American Express cards to individual and corporate clients. Danamon is also the only bank which provides services to local merchants who accept American Express Cards and for signing up new merchant partners in Indonesia.
PT Adira Dinamika Multi Finance Tbk (Adira), the automotive financing subsidiary of Danamon, operates an
extensive branch network in more than 260 cities in Indonesia. As of December 31, 2011, Danamon was 67.37% owned by Asia Financial (Indonesia) Pte. Ltd. and 32.63% by the public.
FOR FURTHER INFORMATION:
Zsa Zsa Yusharyahya, Head of Public Affairs
Telephone (+6221) 57991001-03 ext. 8301/8361/8323
Mobile: (+62) 81 1109369. Fax. (+6221) 57991161
public.affairs@danamon.co.
Reporter: Okta
Editor: PR Wire
Copyright © ANTARA 2012
