IFC to invest $75m in Bank Danamon Indonesia to develop Islamic trade financing

IFC to invest $75m in Bank Danamon Indonesia to develop Islamic trade financing

Visual from IFC website.

International Finance Corporation (IFC), the private sector lending arm of the World Bank Group, has agreed to invest $75 million in PT Bank Danamon Indonesia Tbk (BDMN), to develop the bank’s Islamic trade financing operations.

Bank Danamon is majority owned by Temasek Holdings (Private) Limited through its affiliate Fullerton Financial Holdings Ltd (67.37%) with JPMB Franklin Templeton Investment Funds holding 6.81 per cent and 25.82 per cent with the public.

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