JAKARTA - PT Bank Danamon Indonesia Tbk (Danamon), a member of MUFG, a global financial services group, today announced its financial and operational performance in and for a six-month period ending on June 30, 2025.
Danamon recorded a net profit for the consolidated running period of IDR 1.6 trillion, growing 12 percent compared to the same period in the previous year (year-on-year), supported by improvements in credit costs, along with growth in lending and fundraising, as well as quality of assets that are well maintained.
Daisuke Ejima, President Director of Danamon, explained, in the first six months of 2025, Danamon has been able to continue the momentum of growth in lending and raising funds, which goes hand in hand with good profitability achievements and maintained asset quality.
"This achievement is the result of Danamon's commitment to running a business with good governance and by prioritizing the principle of prudence, as the basis for the strategy of Growing Together as a single Financial Group. Danamon will continue to strive to win customer trust by becoming the best financial solution provider along with MUFG as the parent company, members of the company group, and strategic partners. We appreciate the trust and support from customers, partners, shareholders, regulators, governments, and all stakeholders," he said, Wednesday, July 30.
In terms of intermediation, as of June 30, 2025, Danamon recorded total consolidated loans and trade finance1 of IDR 195.7 trillion, growing 6 percent year-on-year. Total credit growth and trade finance are supported by double-digit growth in the Enterprise Banking and Financial Institution, SME Banking, and Consumer Banking business lines.
Meanwhile, the decline in credit on Adira Finance is in line with the slowdown trend in the Indonesian automotive industry in this period. On the fund raising side, the total consolidated savings of third parties of IDR 160.1 trillion grew 10 percent year-on-year. Of this amount, the number of deposits of demand deposits and savings (current accounts and savings accounts or CASA) grew 4 percent year-on-year.
In terms of profitability, for the six-month period ending June 30, 2025, Danamon recorded consolidated operating income of Rp9.4 trillion, stable compared to the previous year. With a 16 percent year-on-year credit cost reduction, Danamon recorded a consolidated net profit of Rp1.6 trillion. In terms of profitability, Danamon posted a net interest margin (NIM) of 7.0 percent.
The achievement of profitability and business growth remains at the same time as maintained asset quality. Loan-at-risk (LAR) ratio, 2 improved 210 basis points year-on-year to 9.9 percent. The NPL coverage ratio (NPL coverage ratio) reached 279.2 percent, an increase of 16 percentage points year-on-year. The gross NPL ratio improved 40 basis points year-on-year to 1.8 percent.
Danamon's positive performance is also reflected in the operational side, in line with the investment made by Danamon to build a foundation that supports business progress, including investment in digital banking, branding, human resources, and branch office transformation.
In the automotive ecosystem, in May-June 2025, Danamon, together with Adira Finance and with the support of MUFG, returned to the Official Bank Partner and Official Multifinance Partner in the 2025 Surabaya Indonesia International Motor Show (IIMS) which was part of the fourth year as a form of commitment to support the automotive industry in Indonesia.
From the digital side, Danamon updated applications and improved capabilities for D-Bank PRO, Danamon's personal digital banking solution, with a new application design that allows customers to see their portfolio dashboard as a whole (360 dashboard portfolios) and monitor foreign currency transactions at any time and anywhere (24/7 FX Transaction).
In terms of branch transformation, in the last two years, Danamon has continued to transform branches (Next Gen Branch Concept) throughout Indonesia. Coinciding with the 69th Anniversary, Danamon also launched Danamon on Wheels, which is a mobile branch service that brings distance between customers and Danamon.
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