Issuance of MSIG Indonesia Insurance Policy Endorsement in Related to Portfolio Transfer from Standard Chartered Bank (Indonesia) to PT Bank Danamon Indonesia, Tbk

In connection with the signing of the agreement between Standard Chartered Bank Indonesia (SCBI) and PT Bank Danamon Indonesia Tbk (Danamon) regarding portfolio acquisition, there are some important changes that you need to be aware of as our customers. This agreement specifically involves the acquisition of SCBI's conventional retail loan portfolio by Danamon, such as Credit Card Personal Loan (CCPL), Mortgage, and Auto Loan (Loan Portfolio Transfer). Information about this agreement was included in a press release issued by both banks on April 17, 2023.