Danamon relies on business ecosystems to boost third-party deposits

PT Bank Danamon Indonesia Tbk remains optimistic about achieving its third-party deposit (DPK) growth targets by the end of 2026, despite escalating competition in fund mobilization. The bank prioritizes strengthening its liquidity to support business expansion.

Reza Iskandar Sardjono, Chief Strategy Officer at Bank Danamon, stated that the bank's DPK growth is on track, emphasizing that sufficient liquidity is crucial for maintaining a healthy financial institution. "I think (DPK growth) is still on track. We will continue to maintain it because it is indeed one of the keys to a bank's health. Liquidity is our main focus," Reza said.

Danamon's strategy for fund mobilization involves reinforcing diverse business ecosystems. These include the automotive sector, fast-moving consumer goods (FMCG), education, Japanese property, and the Hajj and Umrah sectors. The bank employs a financial supply chain approach, aiming to keep funds flowing within the Danamon customer ecosystem from producers to consumers, thereby fostering sustainable DPK growth.

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I think (DPK growth) is still on track. We will continue to maintain it because it is indeed one of the keys to a bank's health. Liquidity is our main focus.

In addition to ecosystem strengthening, Danamon is enhancing its digital services by adding various transaction features to boost customer activity and maintain competitiveness. As of the first quarter of 2026, Danamon's total credit and trade finance grew approximately 9% year-on-year to Rp216.2 trillion, while current accounts, savings accounts, and time deposits increased by about 16% to Rp176.1 trillion.

Consumer Funding and Wealth Business Head Ivan Jaya noted that the bank is carefully managing its short-term and long-term funding needs amid market competition. Interest rate adjustments are made selectively, considering customer needs, market conditions, and regulatory policies. "We are not indiscriminately increasing all interest rates, both for credit and deposits," Ivan stated. He added that the bank's primary strategy focuses on increasing transaction activity to grow low-cost funds and maintain a stable cost of funds, which allows for more competitive credit rates. The bank maintains its target for credit growth between 10% and 15% by year-end 2026, with DPK growth expected to mirror financing expansion.

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We are not indiscriminately increasing all interest rates, both for credit and deposits.