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Switzerland’s Zurich Completes Adira Insurance Acquisition for US$278M

JAKARTA (TheInsiderStories) - A Switzerland insurance firm, Zurich Insurance Group, has completed the acquisition of 80 percent or 84.90 billion shares of PT Asuransi Adira...

Three Indonesian Banks Ranks will Go Up Before 2021

JAKARTA (TheInsiderStories) - Three Indonesian banks targeting to go up to BOOK IV scale banks with total equity more than Rp30 trillion (US$2.14 billion) before...

Moody’s Affirms Bank Danamon Indonesia’s Baa2 Ratings

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the Baa2/P-2 local and foreign currency deposit ratings of Bank Danamon Indonesia TBK (P.T.) (BDI). The outlook on...

Indonesia Bank Danamon will Merges with BNP on May 2019

JAKARTA (TheInsiderStories) - PT Bank Danamon Indonesia Tbk (IDX: BDMN) and PT Bank Nusantara Parahyangan Tbk (IDX: BBNP), members of Mitsubishi UFG Financial Group...

Morning Briefing: BI Instills Market Confidence, Stability with Fifth Rate Hike...

JAKARTA (TheInsiderStories) - Good morning. Bank Indonesia (BI) provides the market with a sense of stability and confidence by delivering the fifth hike to the reference...

Indonesia’s Bank Danamon Sells 70% shares of Insurance Unit to Switzerland’s...

JAKARTA (TheInsiderStories) - Indonesia’s fifth-largest bank by market capitalization,  PT Bank Danamon Indonesia Tbk (IDX: BDMN) announced that it has signed a conditional sale...

Japan MUFG Bank Officially Holds 40% Bank Danamon’s Shares

JAKARTA (TheInsiderStories) - Indonesia's Financial Service Agency (FSA) has granted approval for MUFG Bank Ltd., to increase its investment In PT Bank Danamon Tbk...

FSA May Allow BTMU as Major Shareholder in Danamon

JAKARTA (TheInsiderStories) - Indonesia Financial Services Authority (FSA) may allow Japanese lender Bank of Tokyo-Mitsubishi UFJ (BTMU) to acquire more than 40 per cent...

Morning Briefs – Jan. 3

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Darmin Sees 50 Companies Go IPO in 2018 Coordinating Minister...

Japan’s BTMU Buys 73.8% Bank Danamon Shares for US$5.9 billion

JAKARTA (TheInsiderStories) - Japan's Bank of Tokyo-Mitsubishi UFJ (BTMU) has agreed to acquire 73.8 per cent or a majority stake of PT Bank Danamon Indonesia Tbk (IDX:...

Moody’s: Bank Danamon Would Get Benefit from BTMU’s Acquisition Plan

JAKARTA (TheInsiderStories) - PT Bank Danamon Indonesia Tbk (IDX:BDMN) will gain benefit when The Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU) realized its plan to acquire...

Japan’s Bank of Tokyo-Mitsubishi UFJ Seeks 40% Stake in Bank Danamon

Deal valued at $1.7bn aimed at acquiring future majority ownership JAKARTA (TheInsiderStories) - Japan lenders Bank of Tokyo-Mitsubishi UFJ (BTMU) aims to buy roughly 40 per...