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INDONESIA'S BANK DANAMON SIGNS MoU WITH 15 PROPERTY DEVELOPERS.

AsiaPulse News

| August 01, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

JAKARTA, Aug 1 Asia Pulse - Bank Danamon Indonesia Tbk. (JSX:BDNM) on Tuesday signed a Memorandum of Understanding (MoU) with 15 leading property developer groups to provide residential property financing for a total of 53 property developments in the country.

The projects will be located in Jakarta, Sumatera, West Java, East Java, Sulawesi and Kalimantan as part of the bank's commitment to supporting the growth of the property sector in Indonesia, the bank said in an e-mailed statement.

"We believe the macro economic environment has created a very good outlook for the consumer property market," ...

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