PT Bank Danamon and PT Asuransi Jiwa Manulife of Indonesia will collaborate to enhance their joint offerings of banking, insurance and wealth management products to a broad base of Danamon customers, including microfinance, commercial and corporate customers, effective 1 July 2012.

As of 30 June 2011 Danamon provides its customers with access to over 25,000 ATMs, including through its association with ATM Bersama and ALTO, in all 33 provinces in Indonesia and supported by approximately 59,411 permanent and non permanent employees (including subsidiaries).

As a truly universal bank, Danamon serves all customer segments in Indonesia, which also extends micro loans to individual customers averaging around IDR20m; as well as middle-income customers, and small and medium sized enterprises.

Danamon is also among the most prominent providers of commercial and corporate sized loans to companies and businesses in Indonesia.

Danamon director for consumer banking Michellina Triwardhany said through this collaboration the firm can fulfill the wide range of banking, insurance and wealth management needs of customers, deepening relationship with them, and becoming their preferred bank.