PT BANK DANAMON INDONESIA TBK | DANAMON AND INTERNATIONAL FINANCE CORPORATION MOU SIGNING DESIGN AND DEVELOP A FINANCING MODEL FOR MICRO, SMALL AND MEDIUM ENTERPRISES IN THE AGRIBUSINESS SECTOR
The three-year cooperation agreement, which goes into effect January 2015 to December 2018, was signed in Jakarta by Danamon Directors: Muliadi Rahadja, Satinder Pal Singh Ahluwalia, Pradip Chhadva and IFC County Manager Sarvesh Suri. "Danamon is delighted with this cooperation and welcomes IFC support to Danamon Simpan Pinjam to develop and design a financing model for the agribusiness sector, which is our current focus," said Muliadi Rahardja, Danamon Director. "This cooperation proves how Danamon and IFC share a mutual commitment to accelerate the economic growth of the micro, small and medium enterprises, which is in line with Danamon's vision to Care and Enable Millions to Prosper. We believe this cooperation will help us expand financing to the agribusiness sector and its value chain." Sarvesh Suri, IFC Country Manager for Indonesia, said: "Agriculture is a very important employment sector for the poor, and agribusiness has great potential in Indonesia but is currently underserved by financial institutions. Danamon has significant micro and SME reach in agribusiness. Our advice will allow it to further support the development of the agriculture sector in Indonesia." In the early phase, activities will involve 9 DSP units in Danamon's regional offices in Malang, Bandung and Medan. The pilot project will start in Malang in February 2015. Following the early phase, the program will be replicated in 81 DSP units in East Java, West Java, and North Sumatra from March 2015 until December 2015. By the end of 2015, it is targeted 90 DSP units will have implemented this program.
PT Bank Danamon Indonesia, Tbk. ('Danamon') was established in 1956 and as of September 30, 2014 operates a network of around 2,440, including among others conventional branches, Danamon Simpan Pinjam (DSP) and Syariah units as well as its subsidiaries branches. As of September 30, 2014 Danamon provides its customers with close to 60,000 ATMs, including through its association with ATM Bersama and ALTO, in all 33 provinces in Indonesia. Danamon manages around IDR 194.4 trillion in assets as of September 2014. Danamon was recently awarded Best Domestic Provider of FX Services, Best Domestic Provider for FX Products and Services, Best Domestic Provider for FX Options, and Best Domestic Provider for FX Research and Market Coverage from Asiamoney Foreign Exchange (FX) Poll 2014. Danamon also received the Indonesia Wow Brand Award 2014 as the Silver Champion in the Banking Industry category for Mortgage Products. Internationally, Danamon was included in the 2014 Forbes Global 2000, which is a list of the world's largest public companies as compiled by Forbes Magazine. Danamon is also the sole license holder of Manchester United cards in Indonesia, allowing the Bank to issue Manchester United ATM/Debit cards and credit cards. PT Adira Dinamika Multi Finance Tbk (Adira Finance), the automotive financing subsidiary of Danamon, operates an extensive branch network in more than 260 cities in Indonesia. Danamon is also the majority owner of PT Asuransi Adira Dinamika (Adira Insurance), a general insurance company and PT Adira Quantum Multifinance (Adira Kredit), a durable goods financing company. As of September 30, 2014, Danamon was 67.37% owned by Asia Financial (Indonesia) Pte. Ltd., 6.53% by JPMCB-Franklin Templeton Investment Funds and 26.10% by the public.
For further information regarding Danamon, please visit Danamon's corporate website at: www.danamon.co.id. |
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