JAKARTA - PT Bank Danamon Indonesia Tbk, a member of MUFG, a global financial services group, today announced that it has received approval from the Financial Services Authority (OJK) as the Main Company for Operational Financial Conglomeration (PIKK) from the MUFG Financial Conglomeration (KK MUFG) in Indonesia.
The appointment of Danamon by MUFG Bank, Ltd. (MUFG Bank) as the controlling shareholder of Danamon to act as PIKK Operational KK MUFG in Indonesia is in order to fulfill Financial Services Authority Regulation Number 30 of 2024 concerning Financial Conglomeration and Financial Conglomeration Company (POJK 30/2024). In accordance with POJK 30/2024, as PIKK, Danamon is responsible for controlling, consolidating, and responsible for all KK MUFG activities in Indonesia.
Daisuke Ejima, President Director of Danamon, appreciated the OJK's approval of Danamon to act as an Operational PICKK from the MUFG KK in Indonesia. Through his role as PIKK Operating, Danamon will strengthen collaboration within the MUFG KK in Indonesia so that he can further contribute to the progress of the financial industry in Indonesia by serving customers better through holistic financial solutions from all members of the MUFG KK.
"Danamon is committed to carrying out this leadership role with full responsibility and with compliance with all applicable regulations and carrying out good corporate governance," he said, in a written statement, Thursday, July 10.
The appointment of Danamon as the PICK Operational KK MUFG by MUFG Bank is part of MUFG's strategic steps to strengthen integration within the MUFG KK, in line with Danamon's strategy to Grow Together as a Financial Group, to jointly offer holistic financial solutions for customers, in order to contribute further to the financial industry in Indonesia, especially in its current position as one of the largest and leading financial conglomerates in Indonesia.
In addition, the appointment and approval will strengthen integrated risk management and management in the MUFG KK with closer coordination.
The composition of KK MUFG membership in Indonesia is as follows:
Danamon, a commercial bank domiciled in Indonesia and acting as the PIKK Operational KK MUFG; Steam PT Adira Dinamika Multi Finance Tbk (Adira Finance, IDX: ADMF), a financing company domiciled in Indonesia and acting as a member of the KK MUFG;menja PT Home Credit Indonesia (Home Credit Indonesia), a financing company domiciled in Indonesia and acting as a member of the KK MUFG; andmen's PT Mandala Multi Finance Tbk (Mandala Finance, IDX: MFIN), a financing company domiciled in Indonesia and acting as a member of the KK MUFG.
Meanwhile, in accordance with the decisions of the shareholders of the two companies through the Extraordinary General Meeting of Shareholders on June 30, 2025, shareholders from Adira Finance and Mandala Finance have approved the plan to merge a business between the two companies, where Adira Finance acts as an entity that accepts the merger. In connection with the planned merger, it has also received approval from regulators, the merger of this business is targeted to be effective on October 1, 2025.
Disclosure of information related to this can be accessed through the website Danamon and the Indonesia Stock Exchange.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
