Danamon Credit Card Business Shows Strong Growth

Positive Performance Through September 2025

PT Bank Danamon Indonesia Tbk has reported robust performance in its credit card business, with transaction volumes growing by 15% year-over-year through September 2025. This growth was primarily driven by increased consumer spending in anticipation of major shopping events such as Harbolnas (National Online Shopping Day) and the upcoming New Year holidays.

Key Drivers of Growth

According to Enriko Sutarto, Consumer Lending Business Head at Danamon, the strong performance reflects the bank's solid foundation in the credit card market. The growth was supported by a nearly 10% increase in average outstanding loans compared to the same period last year. Sutarto emphasized that this trend demonstrates Danamon's ability to meet consumer needs amidst diverse payment options.

Market Context and Future Prospects

The positive growth in Danamon's credit card transactions highlights the bank's resilience in a competitive financial landscape. As consumer spending continues to rise heading into the year-end holiday season, Danamon's credit card business is well-positioned to capitalize on increased transaction volumes. The bank's focus on maintaining a robust credit card portfolio is expected to drive further growth in the coming months.