Merger of Indonesia’s Danamon, BNP will ‘not have significant impact’ on Islamic unit, seeking more haj savers – director
JAKARTA - The proposed merger of Indonesia’s Danamon and Bank Nusantara Parahyangan (BNP) will “not have a significant impact” on Danamon’s Shariah unit, which is extending its reach to attract more haj savers, director Herry Hykmanto told Salaam Gateway.
Danamon and BNP are awaiting approval from the Financial Services Authority (OJK) to merge.
The two financial institutions, majority-owned by Japan’s Mitsubishi UFJ Financial Group (MUFG), announced merger plans on Jan 22. Bigger bank Danamon, Indonesia's seventh biggest bank by assets, will be the surviving bank.
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