Danamon Supports Financial Services Authority's Financial and Banking Literacy Program

Holds SiMOLEK programs in 14 large cities in Indonesia

To support financial and banking literacy and education program to the general public, PT Bank Danamon Indonesia, Tbk. ("Danamon") and the Financial Services Authority (Otoritas Jasa Keuangan /OJK) today, 5 May 2014, inaugurated a series of events to create awareness of Financial Literacy Mobile (Si MObil LitErasi Keuangan /SiMOLEK). The inauguration was held in Juanda Market in Bekasi, West Java, attended by Agus Sugiarto, Literacy and Education Director of OJK; Henry Ho, President Director, Danamon; Minhari Handikusuma, Micro Banking Director, Danamon; and Fransiska Oei, Compliance Director, Danamon.  

SiMOLEK is a van that is specially designed and operated by OJK to increase the general public's awareness on financial literacy and to drive interest and trust in using financial products and services. SiMOLEK activities will be held in 14 large cities in Indonesia between 5 May and 11 May 2014, and they are manifestations of Danamon's and OJK's commitment to encourage a better understanding on banking services for the general public, allowing them to wisely manage their finances (Bijak dalam Mengelola Keuangan/SIKAPI).

Agus Sugiarto, Literacy and Education Director of OJK, said, "We hope that the SiMOLEK program can increase financial literacy among the general public, particularly in areas that have poor infrastructures. Additionally, SiMOLEK is designed to support the government's (OJK's) program, which is outlined in Indonesia's National Strategy for Financial Literacy Blueprint published on 19 November 2013."

SiMOLEK vans, which amounted to 20 units, are equipped with multimedia tools and comprehensive features to help convey the educational materials. Furthermore, SiMOLEK vans also provide educational materials from OJK and Danamon, including leaflets and brochures. Educational staffs are also stationed to helpd and provide additional information to members of the public who visit the SiMOLEK vans.

Henry Ho, President Director, Danamon, said, "As a bank that has a strong commitment towards raising the general public's awareness and interest towards banking and financial services. Danamon always support and directly contribute to educational programs run by OJK. We are certain that SiMOLEK program can encourage the public to use finance and banking products wisely for the advancement of the Indonesian banking industry. With the support of a wide branch network across Indonesia, we are certain that SiMOLEK program will be well-received by the public at large."

In this activity, Danamon mobilizes its business units, including Danamon Simpan Pinjam (DSP), Danamon Syariah, Consumer Banking, and SME Banking, as these units strives to reach the same target audiences as the SiMOLEK, which include housewives, traders, and students. These business units collectively support the activities to raise awareness toward SiMOLEK in 14 cities in Indonesia with Danamon's presence covering Balikpapan, Bandung, Bogor, Cirebon, Denpasar, Jakarta, Makassar, Malang, Manado, Medan, Pekanbaru, Semarang, Solo, and Surabaya.

Danamon's and OJK's SiMOLEK awareness raising program in Bekasi, West Java, is held along with TUNAS (Temu Nasabah dan Komunitas Bersama/ Meet with Customers and Communities) organized by DSP. TUNAS features a workshop on banking education that is participated by communities in Juanda Market in Bekasi. Similar activities will also be held in other cities within this week.

Minhari Handikusuma, Micro Banking Director, Danamon, said, "Danamon Simpan Pinjam positively welcomes SiMOLEK awareness raising program in today's TUNAS activity. With SiMOLEK program, the micro enterprises community can obtain a closer understanding and increased interest on banking products and services. This improved understanding will then contribute to the growth of these enterprises and businesses, which will therefore improve the welfare of the micro entrepreneurs."  

Financial literacy educational materials that are presented today cover, among others, family financial planning, personal finance for employees, and basic Islamic banking products. Additionally, the event is also accompanied by cooking competition, beauty class, and hijab tutorial.   

About Danamon:
PT Bank Danamon Indonesia, Tbk. ('Danamon') was established in 1956 and as of March 31, 2014 operates a network of around 2,500, including among others conventional branches, Danamon Simpan Pinjam (DSP) and Syariah units as well as its subsidiaries branches. As of March 31, 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 186 trillion in assets as of March 2014.

Danamon was recently ranked second in the Annual Report Award 2012 held by the Financial Services Authority (OJK) and Bank Indonesia (BI) in the Private Financial Listed category. Danamon was also awarded the Top 10 Publicly Listed Company with the highest Good Corporate Governance (GCG) ASEAN Scorecard by Institute for Corporate Directorship (IICD). Danamon also received the Banking Service Excellence Awards 2013 in the overall, ATM, Teller, Call Center, and Sharia categories from Infobank. Internationally, Danamon was included in the 2013 Forbes Global 2000, which is a list of the world's biggest 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 ne twork 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 March 31, 2014, Danamon was 67.37% owned by Asia Financial (Indonesia) Pte. Ltd., 6.40% by JPMCB-Franklin Templeton Investment Funds and 26.23% by the public.

For further information regarding Danamon, please visit Danamon's corporate website at: www.danamon.co.id

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