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01 July 2008

Danamon strengthens its hold

Read more: Best local trade bank in Indonesia

Although strictly a new category for this year Bank Danamon is no stranger to these awards having won best bank in Indonesia two years in a row. Not being content with being one of the top five banks in Indonesia, Bank Danamon has continued to expand in the trade finance sphere.  The past year has seen the bank develop and implement structured trade products to its customers especially those involved in raw material procurement as well as financing their post sale receivables. This area has grown this year to contribute significantly to the bank's trade fee income revenue. The bank has also started offering bank guarantees and local letters of...