Friday, July 15, 2011

Danamon picks Citi, Deutsche, & Danareksa

PT Bank Danamon Indonesia Tbk was announced that the bank intends to raise equity capital by way of a renounceable rights issue. In this regard, the Bank has lodged a rights issue plan with Bapepam-LK and IDX.

Danamon have appointed Citi and Deutsche Bank as standby purchasers and PT Danareksa Sekuritas as arranger.

As of March 31, 2011, Danamon has a capital position with consolidated and stand alone Capital
Adequacy Ratios (CAR) of 14.7% and 12.1%, respectively, which are well above the minimum requirements of 8% set by Bank Indonesia. The rights issue will further strengthen the bank’s capital position

As of March 31, 2011, Danamon was 67.4% owned by Asia Financial (Indonesia) Pte. Ltd. and 32.6% by the public.

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