Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  INDONESIA STOCK EXCHANGE  >  Bank Danamon Indonesia Tbk PT    BDMN   ID1000094204

News SummaryMost relevantAll newsSector newsTweets

PT Bank Danamon Indonesia Tbk : Danamon Simpan Pinjam Forms Partnership with USAID

share with twitter share with LinkedIn share with facebook
share via e-mail
05/08/2012 | 05:49pm CET

Enabling Easier Access to Working Capital Financing for Agribusinesses 

Danamon Simpan Pinjam today signed a business agreement with the United States Agency for International Development (USAID) to enhance training, technical ability, and financing access for the agribusiness sector (agriculture and farming) for certain communities. 

The signing ceremony is held in Jakarta, and was attended by representatives from both parties. Danamon Simpan Pinjam is represented by Minhari Handikusuma, Danamon Micro Banking Director. and Ali Yong, Danamon Director, while USAID is represented by USAID Director for Indonesia, Glenn Anders.

Danamon, through one of its business unit, Danamon Simpan Pinjam (DSP), serves and assists in developing micro and small businesses, especially those in the traditional market environment, such as traders, retailers, and others. Since 2010, DSP has undertaken business expansion to the agribusiness sector, starting with palm oil plantation and rubber. Moving forward, DSP plans to expand in the agribusiness sector such as cocoa and coffee.  

USAID is an independent and United States government institution, which offers developmental and humanitarian assistance all around the world, with an objective to support United States foreign policy. Since 1950, USAID has worked with the Indonesian government and civil societies to help development and meet the needs of its people.

"This activity is part of our commitment to support the business development of agribusiness enterprises around Indonesia and to provide the best service to them, through sustainable empowerment. We hope that this partnership is positively welcomed and gives benefits to members of the agribusiness sector," said Minhari Handikusuma, Micro Banking Director, Danamon.  

It is hoped that the partnership would result in better access for agribusinesses to receive financing as a means to fund their working capital. 

About Danamon:

PT Bank Danamon Indonesia Tbk. was established in 1956 and as of March 31, 2012 operates over 3,100 branches and points of sales, including its Danamon Simpan Pinjam (DSP) and Syariah units as well as its subsidiaries branches. As of March 31, 2012 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).

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. 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), the automotive financing subsidiary of Danamon, operates an extensive branch network in more than 260 cities in Indonesia.

As of March 31, 2012, Danamon was 67.37% owned by Asia Financial (Indonesia) Pte. Ltd. and 32.63% by the public. On April 2, 2012, Danamon has been informed by Fullerton Financial Holdings Pte. Ltd., that it has entered into a share purchase agreement with DBS Group Holdings to sell its interest in the whole of the issued share capital of Asia Financial (Indonesia) Pte. Ltd. to DBS. The transaction is subject to the approvals, among others, of DBS shareholders and regulators in Singapore and Indonesia, including Bank Indonesia.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
11/14 MITSUBISHI UFJ FINANCIAL : Japan's MUFG hires 180 staff in London in Europe expa..
11/09 MITSUBISHI UFJ FINANCIAL : Indonesia's Bank Danamon says 'expression of interest..
04/25 BANK DANAMON INDONESIA TBK PT : ex-dividend day for annual dividend
03/09 BANK DANAMON INDONESIA TBK PT : Official Statement of Danamon Regarding the Rall..
03/09 BANK DANAMON INDONESIA TBK PT : Danamon Announces 39% NPBT Growth in its Full Ye..
03/02 BANK DANAMON INDONESIA TBK PT : Announcement Regarding Danamon Branches' Operati..
2016 BANK DANAMON INDONESIA TBK PT : Official Statement of Danamon Management in resp..
2016 BANK DANAMON INDONESIA TBK PT : Danamon Announces IDR 2.5 Trillion NPAT in The F..
2016 BANK DANAMON INDONESIA TBK PT : Trust your Repatriated Fund management with Dana..
2016 BANK DANAMON INDONESIA TBK PT : Danamon Inaugurates New Head Office
More news
Financials ( IDR)
Sales 2017 18 687 B
EBIT 2017 8 501 B
Net income 2017 3 998 B
Debt 2017 -
Yield 2017 2,06%
P/E ratio 2017 13,50
P/E ratio 2018 11,78
Capi. / Sales 2017 2,79x
Capi. / Sales 2018 2,65x
Capitalization 52 188 B
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 15
Average target price 5 318  IDR
Spread / Average Target -3,3%
EPS Revisions
Seow Wah Sng President Director
Kee Choe Ng President Commissioner
Michellina Laksmi Triwardhany Director-Operations & Consumer Banking
Vera Eve Lim Chief Financial Officer & Finance Director
Satinder Pal Singh Ahluwalia Director-Integrated Risk & Information Technology
Sector and Competitors
1st jan.Capitalization (M$)
BANK OF AMERICA30.50%302 905
WELLS FARGO7.46%295 032