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Banking

Indonesia

Awards of Excellence
Asian regional awards






Best Bank: Bank Danamon
Best Equity House: Deutsche Bank
Best Debt House: UBS
Best M&A House: Credit Suisse

Bank Danamon, controlled indirectly by Singapore’s Temasek Holdings, is Indonesia’s best bank. The fifth-largest commercial bank in Indonesia, Danamon boasts the widest geographic distribution network, with 500 branches and almost 800 ATMs. In fiscal year 2006, Danamon reported a 23% increase in operating income, a 14% increase in pre-tax profit and a return on average equity of 16.5%. The bank reduced its cost to income ratio below 50% to 48.9% in 2006. The capital adequacy ratio was 20.4%.

Danamon is a major force in consumer banking and finance as well as the SME market and reported strong loan growth across all sectors in 2006. Danamon opened a further 75 units of Danamon Simpan Pinjam, its mass market financing vehicle, bringing the total number of units to 693. Mass market loans grew by 71% accordingly while non-performing loans in the sector were just 2.5%.

In a relatively quiet equity market, Deutsche Bank proved to be the most active bank in and earns the best equity house in Indonesia award accordingly.

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