Danamon Announces New Vice President Director of Group-Wide Consumer Banking Business

Jakarta, 2nd of March 2022 - With the aim of enhancing Danamon group-wide synergy, PT Bank Danamon Indonesia Tbk (Danamon) announced today, Hafid Hadeli, President Director of PT. Adira Dinamika Multi Finance, Tbk (Adira Finance), as Danamon Vice President Director. In his role, Bapak Hafid will be responsible for group-wide Consumer Banking Business which includes Consumer, Branch Network, Bancassurance, Digital Banking, and Marketing. The effective appointment of Bapak Hafid will be subject to the AGMS approval on March 25th, 2022 and regulatory approval.

“Today, I have submitted a letter of resignation as President Director of Adira Finance to join Danamon. The synergy and collaboration between Danamon and Adira will certainly have a positive impact on our customers and allow us to provide a more comprehensive financial solution for them," said Hafid Hadeli.

" Bapak Hafid plays a pivotal role in enhancing a more integrated collaboration with Adira Finance to better serve various segments of consumer banking customers. As a senior banker, Bapak Hafid has extensive experience, both in the banking and multi finance industries. With his outstanding leadership, Adira Finance has become a leading multi finance company in Indonesia with good performance and reputation," said Danamon President Director, Yasushi Itagaki.

“Collaboration between Danamon and Adira Finance is key to harnessing the strengths of each entity. As a group, we share the same values and aspirations in delivering comprehensive financial solutions across segments and value chains,” Yasushi Itagaki further explained.

This approach to leverage Danamon and Adira as a group shows Danamon continuous commitment to develop an organization that prioritizes the interests of all stakeholders, in line with the bank’s brand promise of providing financial solutions that allow optimum control of customer financial needs and goals.