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SBI Holdings Takes Stake in Amar Bank to Accelerate Digital Banking and MSME Growth in Indonesia

PT Bank Amar Indonesia Tbk, known as Amar Bank (IDX: AMAR), a leading digital bank serving retail and MSME segments, has welcomed SBI Holdings, Inc. (TYO:8473) as a new shareholder. Following the transaction, SBI Holdings now holds more than 5% of Amar Bank’s shares, making it the third-largest institutional investor after Tolaram Pte. Ltd and PT Jagat Raya Imajinasi.

This development marks a significant milestone in Amar Bank’s growth trajectory and reflects global investor confidence in Indonesia’s rapidly expanding digital banking industry.

Vishal Tulsian, President Director of Amar Bank, said: “We are excited to welcome SBI Holdings on board and look forward to working closely with them to unlock new opportunities. We aim to collaborate with their portfolio of companies and leverage their strong financial services ecosystem to share expertise, build synergies, and ultimately deliver even greater value to our retail and MSME customers across Indonesia.”

Navin Nahata, Managing Director of Fintech and Infrastructure at Tolaram, added: “As the controlling shareholder of Amar Bank, we believe that SBI Holdings’ entry validates Amar Bank’s strategy and mission to revolutionise banking services for Indonesia’s retail and MSME customers. By combining our respective capabilities and expertise, we are confident this will accelerate Amar Bank’s roadmap, expand access to financial services, enhance customer experience, and create sustainable impact for the underserved retail and MSME segments.”

Founded in 1991 and relaunched in 2015 as a digital bank, Amar Bank has undergone significant transformation to become a pioneer in fintech through its Tunaiku digital loan platform. Tunaiku is Indonesia’s first application-based digital loan platform using big data and predictive analytics to serve unbanked and underserved populations, offering personal loans to individuals and MSMEs with applications processed and approved within 24 hours. 

In 2020, Amar Bank launched the first cloud-based mobile smart bank in Indonesia, incorporating AI technology to promote saving habits and strengthen personal financial discipline.

SBI Holdings, established in 1999, is a leading Japanese financial services group operating in securities, banking, and insurance. The company is committed to providing low-cost, convenient products and services through the internet and operates globally across asset management, private equity, crypto assets, and next-generation businesses.

Tolaram, a Singapore-based family-owned business established in 1948, invests in emerging markets to build brands that drive growth and positive impact. Its investments span consumer goods, fintech, infrastructure, and industrial sectors across Africa, Asia, and Europe. In Indonesia, Tolaram drives financial inclusion through Amar Bank and Insureka, which provides affordable and flexible motor insurance products.

With strong global and local partners, Amar Bank remains committed to driving innovation, expanding financial inclusion, and creating lasting impact for Indonesia’s underserved retail and MSME customers.

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