Bank Danamon Indonesia selects Hakuhodo for new product launch

JAKARTA - Bank Danamon, Indonesia's fifth largest bank, has handed Hakuhodo Indonesia a brief for a new product that it plans to launch later in the year.

Bank Danamon Indonesia is a major player in the country's commercial banking scene, with some 1,100 offices and 750 ATMs throughout the archipelago.

Two-thirds of Bank Danamon Indonesia stock is owned by an entity jointly controlled by the Singaporean government and Deutsche Bank.