Wednesday, July 7, 2010

Bank Danamon issues IDR3 trillion bonds

PT Bank Danamon Tbk plans to issues IDR2 triliun-IDR3 triliun bonds for expand loan. CFO Bank Danamon Vera Eve Lim says the company has picks PT Danareksa Sekuritas, PT Kresna Graha Sekurindo Tbk, and PT Standard Chartered Securities as a underwriter.
Bank Danamon plans to expand loan with growth 20% for this year. Bank Danamon was established in 1956 and as of March 31, 2010 operates over 1,900 branches and points of sales, including its Danamon Simpan Pinjam (DSP) and Syariah units as well as Adira Finance branches.
Bank Danamon provides its customers with access to over 14,000 ATMs, including through its association with ATM Bersama and ALTO, in all 33 provinces in Indonesia and supported by approximately 40,000 employees (including subsidiaries).
Bank Danamon is the sole issuer and acquirer of the American Express Cards in Indonesia under an independent operator agreement which allows it to issue American Express Cards to individual and corporate clients.
PT Adira Dinamika Multi Finance Tbk. is the automotive financing subsidiary of Danamon which operates an extensive branch network in more than 260 cities in Indonesia.

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