Bank Danamon weakens at IDR5,600

The company also conducted rights issue in early 2009 to obtain IDR3.9 trillion. At the moment, the offering price was at IDR1,200 per unit.Asia Financial (Indonesia) Pte Ltd, owned by Temasek Holdings, manages most of Danamon shares while the remaining 32.59% by public.In a first quarter this year, the bank booked IDR763 billion, 9% higher than IDR701 billion on the same period last year with 33% credit growth to IDR86 trillion.Third party fund increased 26% to IDR82.49 trillion from IDR65.57% in IQ/2010. The fund was dominated by deposit with IDR51.7 trillion, increased 22% from IDR42.48 trillion. Saving and current account increased 33% to IDR30.77 trillion from IDR23.09 trillion. (msw)