Bank Danamon plans rights issue this year

Bank Danamon , Indonesia's sixth-largest lender and controlled by Singapore's Temasek , plans to launch a rights issue this year and will seek shareholders' approval on Aug 22, it said in a statement last week. 

It did not specify how much it wanted to raise through the rights issue. 

"The capital raised will enable us to continue to improve our market position in Indonesia and to take advantage of opportunities arising in the near term," said Henry Ho, Danamon's chief executive officer in an emailed statement. 

Danamon said it appointed Citigroup , Deutsche Bank (DBKGn.DE), and Danareksa Sekuritas as standby buyers and arranger for the plan. Source: Reuters