Bank Danamon and MUFG Indonesia Announce Proposed Name for Integrated Entity: Bank MUFG Danamon

PT Bank Danamon Indonesia Tbk and MUFG Bank, Ltd. Kantor Cabang Jakarta introduced a proposed new name and logo of PT Bank MUFG Danamon Tbk on October 6, 2026, as part of their planned integration under Indonesian regulations. CNN Indonesia reported that the financial entities proposed the combined identity to merge local strength with global expertise.

The proposed identity builds on Danamon’s 70-year operational history in Indonesia combined with the global network of MUFG, according to statements from corporate executives. Danamon held total assets of Rp301,3 triliun as of June 2026, placing it ninth among Indonesian banks, according to data from Biro Riset Infobank. Senior executives at MUFG stated in discussions that the integrated entity aims to reenter the tier of the five largest banks in the country.

MUFG Bank Integrates Indonesia Branch into Danamon

MUFG Bank originally announced its voluntary intention to integrate MUFG Indonesia with its subsidiary Danamon on May 11, 2026, according to corporate disclosures. The corporate merger follows Peraturan Otoritas Jasa Keuangan (OJK) No. 41/POJK.03/2019 concerning the merger, consolidation, acquisition, integration, and conversion of commercial banks. Because MUFG Indonesia operates as a foreign bank branch office, the transaction is structured as an integration of a branch into an Indonesian legal entity rather than a standard merger of two domestic banks, as detailed in corporate disclosures.

Rita Mirasari, corporate secretary at Bank Danamon, stated in regulatory filings that the integration remains subject to formal approvals from shareholders, relevant ministries, and regulatory authorities including the OJK. Nobuya Kawasaki, president director of PT Bank Danamon Indonesia Tbk, stated in Antara News coverage that the combination unites decades of domestic experience with international expertise.

Bersama kami akan terus membawa ke masa mendatang pengalaman Danamon selama 70 tahun di Indonesia yang dipadukan dengan keahlian serta jaringan global MUFG yang kuat, seiring kami membangun masa depan bersama.

Nobuya Kawasaki, PT Bank Danamon Indonesia Tbk

Operational Continuity for Customers and Partners

Management from both institutions confirmed that daily banking operations remain unchanged while regulatory reviews proceed. Reports indicated that Danamon and MUFG Indonesia continue to operate as separate legal entities until all necessary approvals are secured and the integration date becomes effective.

Customers can continue using existing financial products, services, branch networks, and operating hours without disruption. All contractual relationships with commercial partners, vendors, contractors, and outsourcing providers remain fully valid under current terms, according to disclosures.

Bank MUFG Danamon Name Awaits Regulatory Consent

The proposed name Bank MUFG Danamon and its corresponding logo will only take effect on the official effective date of integration, contingent upon the completion of all legal and regulatory procedures. Corporate disclosures emphasize that no formal guarantees exist regarding the exact timeline until supervisory agencies grant their final consent.

Antara News reported that both institutions have committed to releasing material updates through official corporate communication channels as the integration process progresses toward its target completion.