Bank Danamon
Bank Danamon PT Bank Danamon Indonesia Tbk. is an Indonesian bank established in 1956.The name Bank Danamon , which was derived from ‘dana moneter’, meaning monetary fund, was 1st used in 1976 in place of its original name, Bank Kopra. In 1988, Bank Indonesia enacted a package of major banking reforms known as the ‘October 1988 Package’ or PAKTO 88. The main aim of PAKTO 88 was to encourage competition in the banking sector by lowering the barrier to entry, including the liberalization of the requirements for the establishment of new private domestic banks and joint-venture banks. As a result of this, Bank Danamon became among the 1st foreign exchange banks in Indonesia, and became a public company listed on the Jakarta Stock Exchange. Today, ‘Danamon’ is the brand name of Indonesia’s largest financial institution by number of employees â€" approximately 61,875 permanent and non permanent employees at the end of September 2011; one which focuses on realizing its ...