Dentons HPRP, one of the best full services law firms in Indonesia, has successfully assisted PT Bank Danamon Indonesia Tbk (Danamon) in the acquisition of performing loan portfolios of Standard Chartered Bank Indonesia (SCBI). The finalization of the acquisition were announced on December 11, 2023.

Included in the acquisition are SCBI's Credit Card, Home Ownership Loans (KPR), Unsecured Loans (KTA), and Motor Vehicle Loans (KKB) customer portfolios, the transaction is expected to further strengthen Danamon's business growth trend, especially in the consumer loan segment which currently had reached the highest growth rate of 31% YoY or Rp15.3 trillion as stated in Danamon's Q3 2023 financial report.

Led by Partner Fabiola Hutagalung, supported by Senior Associate Citra Ayu Kusumawardhani and Associate lawyers Ronny Chrismanto Ginting, Fremi Rovi Raturandang, Shevanya Raina Kinanti Putri, Hilwa Az Zahra Adwani, Cattelya Nabila Mediarman, and Nikita Priscilla, Dentons HPRP’s Banking and Finance team assisted Danamon throughout the transaction in, among others, conducting legal due diligence, preparing transaction documents, negotiating, advising the proposed scheme, compliance with the prevailing regulations, as well as in discussions with other advisors.

With its extensive experience in the Banking and Finance practice, Dentons HPRP has been successfully assisting corporations in various industries. Please contact the partner listed under key contact for further details.

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