MUFG's growing control will tame Danamon's risk appetite

The Japanese megabank wins approval to up stake in Indonesian consumer lender to 40%. Greater access to Japan’s solidly respectable corporates via MUFG will improve Danamon’s credit worthiness.

Alison Tudor-Ackroyd

August 01, 2018

Indonesia’s financial services watchdog has granted approval for MUFG’s core commercial banking subsidiary MUFG Bank to raise its investment in Bank Danamon Indonesia to 40% from 19.99%, another step towards solid respectability for the Indonesian consumer lender.

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