Financial Service Agency (OJK) has granted approval for Japan-based MUFG Bank Ltd., to increase its investment in Bank Danamon (BDMN). MUFG Bank stated to increase its investment in BDMN to 40% by acquiring (directly or indirectly) an additional 20.1% from Asia Financial (Indonesia) Pte. Ltd. (AFI) and other affiliated entities. When MUFG Bank controlled 40% BDMN, AFI would hold 33.8% and public 26.2%.