PT Bank Danamon Indonesia Tbk. is an Indonesian bank established in 1956. It is the sixth largest bank of Indonesia by asset size.Bank Danamon was established on July 16, 1956, as PT Bank Kopra Indonesia. In 1976, the bank's name was changed to PT Bank Danamon Indonesia. It began focusing on foreign exchange transactions in 1976 and listed its shares on the Jakarta Stock Exchange in 1989. Suffering liquidity problems amid the Asian financial crisis, Danamon was in 1997 placed by the government under the supervision of the Indonesian Bank Restructuring Agency (IBRA). In 1999, the government through IBRA, recapitalized Danamon with Rp 32 billion in Government Bonds.