PT Bank Danamon Indonesia Tbk (IDX:BDMN) signed an agreement to acquire Performing loan portfolios of Standard Chartered Bank Indonesia on April 17, 2023. The transaction is subject to fulfilment of relevant regulatory requirements and is expected to be completed in fourth quarter of 2023. Fabiola Hutagalung and Citra Ayu Kusumawardhani of Hanafiah Ponggawa & Partners Law Firm acted as the legal advisor to PT Bank Danamon Indonesia Tbk (IDX:BDMN).

PT Bank Danamon Indonesia Tbk (IDX:BDMN) completed the acquisition of Performing loan portfolios of Standard Chartered Bank Indonesia on December 11, 2023.