PT Bank Danamon Indonesia, Tbk. (‘Danamon’) was established in 1956 and as of June 30, 2013 operates a network of around 3,350, including among others conventional branches, Danamon Simpan Pinjam (DSP) and Syariah units as well as its subsidiaries branches. As of June 30, 2012 Danamon provides its customers with close to 50,000 ATMs, including through its association with ATM Bersama and ALTO, in all 33 provinces in Indonesia. Danamon manages IDR 158 trillion in assets as of June 2013.
As of June 30, 2013, Danamon was 67.37% owned by Asia Financial (Indonesia) Pte. Ltd. and 26.25% by the public as well 6.38% by JPMCB-Franklin Templeton Investment Funds.
Bank Danamon launched its American Express® Card Service in 2006. Under its agreement with American Express, Bank Danamon is authorized to issue American Express-branded products and sign up merchants to accept American Express card transactions in Indonesia. Bank Danamon is responsible for managing all aspects related to the American Express-branded products it issues under its license with American Express.
American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success.
Since 1997, American Express has partnered with a select group of leading banks and financial institutions around the world to issue American Express-branded products and acquire merchants on the American Express merchant network. By leveraging its licensing partnerships, global infrastructure and the powerful appeal of the brand, American Express has gained even broader reach for its network worldwide.