Bill Barclay, Rainforest Action Network
Bill Barclay, Rainforest Action Network
| Website | http://www.danamon.co.id |
| Headquarters |
Jl. Prof. Dr. Satrio Kav. E IV No. 6
12950 Jakarta
Indonesia
|
| CEO/chair |
Sng Seow Wah President Director |
| Supervisor | |
| Ownership |
listed on Indonesia Stock Exchange
The group ownership structure can be found here |
PT Bank Danamon Indonesia Tbk. was established in 1956. The name Bank Danamon was derived from ‘dana moneter', meaning monetary fund. It was first used in 1976 in place of its original name, Bank Kopra. Danamon is a universal bank and it has one of the widest geographic distribution networks of all Indonesian banks. Danamon is the majority owner of Adira Dinamika Multi Finance, Indonesia's leading auto finance company; Adira Kredit, a durable goods financing company; and Adira Insurance, a general insurance company. In 2006, Danamon and Adira established Yayasan Danamon Peduli (Danamon Cares Foundation), which conducts corporate social responsibility programs, with a focus on revitalizing traditional markets, and promotes sustainable development based on community-driven activities and volunteerism.
Bank Danamon is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Bank Danamon's link to these deals.
This page evaluates Bank Danamon's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
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