PEFINDO affirmed “idAAA” rating to PT Bank Danamon Indonesia Tbk

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Press Release September 6 , 2018 PT Bank Danamon Indonesia Tbk Analysts: Putri Amanda / Danan Dito Phone/Fax/E-mail: (62-21) 7278 2380/7278 2370 / putri.amanda@pefindo.co.id / danan.dito@pefindo.co.id CREDIT PROFILE Corporate Rating FINANCIAL HIGHLIGHTS AAA/Stable id Rated Issues - Rating Period September 4, 2018 – September 1, 2019 Rating History DEC 2017 NOV 2016 AUG 2015 NOV 2014 AUG 2014 AUG 2013 AUG 2012 APR 2012 As of/for the year ended Total assets [IDR bn] Total equity [IDR bn] Total gross loans [IDR bn]* Total customer deposits [IDR bn] Net interest revenue [IDR bn] Net income (loss) [IDR bn] NIR/average earning assets [%] Operating Expense/Operating Income[%] AAA/Stable idAAA/Stable idAAA/Stable idAAA/Stable idAA+/Stable idAA+/Stable idAA+/Positive idAA+/Positive id ROAA [%] NPL (3-5)/gross loans [%]* Loan loss reserve/NPL (3-5) [%]* Risk weighted CAR [%] Gross loans/total deposits [%]** USD exchange rate [IDR/USD] Jun-2018 Dec-2017 Dec-2016 Dec-2015 (unaudited) (audited) (audited) (audited) 182,415.9 39,154.9 127,676.7 103,875.9 7,195.5 2,011.2 ***8.6 75.0 ***2.2 3.3 90.4 21.7 95.4 14,330 178,257.1 38,660.3 124,766.2 101,896.8 14,149.1 3,681.6 8.6 75.7 2.1 2.7 102.9 22.1 95.2 13,568 174,436.5 35,943.0 122,385.1 103,739.5 13,779.0 2,669.5 8.1 79.6 1.5 3.1 100.7 20.9 91.8 13,473 188,057.4 33,932.1 129,366.9 115,141.5 13,648.2 2,393.3 7.5 85.2 1.2 3.0 99.4 19.7 89.3 13,785 * including consumer financing and lease receivables ** parent bank only *** annualized The above ratios have been computed based on information from the company and published accounts. Where applicable, some items have been reclassified according to PEFINDO’s definitions. PEFINDO affirmed “idAAA” rating to PT Bank Danamon Indonesia Tbk PEFINDO has affirmed its “idAAA” corporate credit rating to PT Bank Danamon Indonesia Tbk (BDMN). The outlook for the rating is “stable”. An obligor rated idAAA has the highest rating assigned by PEFINDO. The obligors’ capacity to meet its long-term financial commitment, relative to that of other Indonesian obligors, is superior. The rating reflects the Bank’s very strong support from its majority shareholder, very strong capitalization, and strong market position. However, these strengths are offset by its below average asset quality. The rating could be lowered if PEFINDO views a reduction in support from its majority shareholder, a significant decline in its market position, or a considerable deterioration in its financial performance – particularly in terms of asset quality, profitability, or capitalization. BDMN now is the eighth largest commercial bank in Indonesia in terms of assets. It has a well-established brand, particularly in mass-market segment through its automotive finance company, Adira Dinamika Multi Finance (ADMF, rated idAAA/stable), and in the disbursement of small and medium enterprises loans as well as consumer and enterprise business. At the end of August 2018, it was 40.00% owned by MUFG Bank Ltd (Rated A/Stable by Standard & Poor’s), 33.83% by Asia Financial (Indonesia) Pte Ltd (with the ultimate owner being Temasek Holdings (Private) Ltd, rated AAA/Stable by Standard & Poor’s), 5.22% by JPMCB-Franklin Templeton Investment Funds, and 20.95% by the public. DISCLAIMER PT Pemeringkat Efek Indonesia (PEFINDO) does not guarantee the accuracy, completeness, timeliness or availability of the contents of this report or publication. 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PEFINDO has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process. PEFINDO may receive compensation for its ratings and other analytical work, normally from issuers of securities. PEFINDO reserves the right to disseminate its opinions and analyses. PEFINDO’s public ratings and analyses are made available on its website, http://www.pefindo.com (free of charge) and through other subscription-based services, and may be distributed through other means, including via PEFINDO publications and third party redistributors. Information in PEFINDO’s website and its use fall under the restrictions and disclaimer stated above. Reproduction of the content of this report, in full or in part, is subject to written approval from PEFINDO. http://www.pefindo.com 1 September 2018