In the wake of the Asian financial crisis in 1998, Danamon was placed under the supervision of the Indonesian Bank Restructuring Agency (IBRA) as a Bank Taken Over (BTO). In 1999, the Government of Indonesia, through IBRA, recapitalized Danamon with Rp32.2 trillion of government bonds. Within the same year Bank PDFCI, another BTO, was merged with Danamon as part of the restructuring program of IBRA. In 2000, Danamon completed another merger with eight other BTOs (Bank Tiara, Bank Duta, Bank Rama, Bank Tamara, Bank Nusa Nasional, Bank Pos Nusantara, Jayabank International and Bank Risjad Salim Internasional). As part of this merger package, Danamon received a second recapitalization from the government through a capital injection of Rp28.9 trillion. As the surviving entity, Danamon emerged from the merger as one of the country’s largest private banks. Following the recapitalization and the merger, Danamon underwent further extensive restructuring involving the Bank’s management, employees, organization, systems, and corporate identity. The efforts succeeded in laying down new foundations and infrastructure for Danamon to pursue growth based on integrity, professionalism, transparency and responsibility. In 2003, Danamon was acquired by Asia Financial (Indonesia) Pte. Ltd., a consortium of Fullerton Financial Holding, a fully owned subsidiary of Temasek Holdings, and Deutsche Bank AG, which took a majority controlling stake.
Following an extensive review under new management, a new vision was introduced and a new strategy was developed with specific business models serving clearly defined market segments. In line with the new direction, in 2004 Danamon launched its Danamon Simpan Pinjam, a micro banking business, and diversified into consumer finance business via the acquisition of Adira Finance, one of the largest auto-finance companies in Indonesia. These initiatives were followed by rapid growth in the Danamon Simpan Pinjam network in 2005 and the acquisition of American Express Card business in Indonesia in 2006 that puts Danamon as one of the largest card issuers in the country.
Today, Danamon emerges as one of the largest and strongest financial institutions in the country. With over 50 years of experience, Danamon continues to strive to ‘make things happen’ for its customers – its brand promise. As of December 2009, Danamon ranked as the sixth largest bank by asset size in Indonesia, the fourth largest bank by market capitalization, and operates the second largest branch network with over 1,900 branch offices and outlets in the country.
As one of the leading financial institutions in Indonesia with more than fifty years of experience, Danamon invites young professionals with dynamic personalities, perseverance, and creativity, to join Danamon excellence team.
As one of the leading financial institution in Indonesia with fifty five years of experience, and the Bank that endeavoring to ‘make it happen’, demonstrating our brand promise, Danamon welcomes young professionals with dynamic personality, perseverance and creativity, to join as part of our excellent team as:
MANAGEMENT TRAINEE INTEGRATED RISK
(code : IR112-8)
Qualifications :
- Bachelor or Master Degree with minimum GPA of 3.4
- Male / Female with maximum age of 25 years old
- Open to both fresh graduates or those having a maximum of two years of experience
- Possess good English communication skill
Send your resume with latest GPA and recent photograph to:
titi.sitihajar@danamon.co.id
State the application code on your email subject.
Only qualified candidates will be processed.
