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MUFG Bank clarifies
Regarding The Jakarta Post’s article published on Nov
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span>Regarding The Jakarta Post’s article published on Nov. 5 titled “Asian lenders bank on Indonesia for growth”, we would like to provide the following clarification:
In the article, MUFG’s head of financial solutions, Makoto Kobayashi, was quoted on Oct. 13 to have said “We are certainly interested in increasing our investment in Danamon in the future because we see Indonesia’s domestic consumption rate has remained high during the trade war.” The quote was implied to have been made during the MUFG-Bank Danamon Business Matching Fair 2019, which happened on Oct. 10.
We would like to clarify that MUFG’s investment in Bank Danamon has already reached 94.1 percent shareholding interest. As such, our focus right now is on increasing collaboration effort between both institutions as well as with MUFG’s partner banks in the region.
As a member of MUFG, Bank Danamon will be able to leverage MUFG’s strength, expertise and network to serve customers and to enable them to grow and deliver long-term value to all stakeholders, including contributing to Indonesia’s economy.
Pancaran Affendi
Managing director, head of global corporate and institutional banking for Indonesia
MUFG Bank
Jakarta
Thank you for clarification.
Editor
