MUFG, Bank Danamon launch $100m fund to invest in Indonesian companies

MUFG, Bank Danamon launch $100m fund to invest in Indonesian companies

FILE PHOTO - People walk past a branch of Mitsubishi UFJ Financial Group's bank of Tokyo-Mitsubishi UFJ (MUFG) in Tokyo, Japan, May 16, 2016. REUTERS/Thomas Peter/File Photo

MUFG Innovation Partners (MUIP) and MUFG Bank — the subsidiaries of Mitsubishi UFJ Financial Group — have established a $100-million fund in collaboration with Indonesia’s Bank Danamon to invest in local companies that can have synergies with the commercial bank, per an announcement.

Edited by: Joymitra Rai

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