Indonesian Political, Business & Finance News

Grab Becomes Majority Shareholder with Over 50% Stake, Strengthens Commitment to Superbank

| Source: VIVA Translated from Indonesian | Finance
Grab Becomes Majority Shareholder with Over 50% Stake, Strengthens Commitment to Superbank
Image: VIVA

Jakarta – Grab has officially become the majority shareholder of PT Super Bank Indonesia Tbk (SUPA), with total ownership now exceeding 50 percent. This strategic move affirms Grab’s long-term commitment to expanding financing access and promoting financial inclusion for Indonesians through Superbank. Superbank President Director Tigor M. Siahaan stated that the ownership increase was carried out through a series of transactions within the Grab ecosystem, including share purchases by A5-DB Holdings and GXS Pte. Ltd. in May 2026, which made Grab the majority shareholder in Superbank. ‘Grab’s growing trust in Superbank is a validation of the growth strategy we are implementing. Support from the Grab ecosystem allows us to deliver banking services that are more relevant, easily accessible, and provide added value for the public,’ Tigor said in a statement on Tuesday, 9 June 2026. ‘Going forward, we will continue to strengthen product innovation, expand responsible financing access, and deliver an increasingly seamless digital banking experience for millions of Indonesians,’ he added. Chief Executive Officer of Grab Indonesia, Neneng Goenadi, said that Indonesia is one of Grab’s strategic markets in Southeast Asia. For over a decade, Grab has been part of the daily lives of millions of Indonesians through mobility, delivery, and digital payment services. With its position as the majority shareholder of Superbank, Neneng confirmed that Grab is further strengthening its commitment to delivering inclusive and relevant digital financial services for Indonesians. ‘Indonesia is home for Grab and a vital ecosystem for us. The increased ownership in Superbank reflects our confidence in Indonesia’s long-term potential and the important role of digital financial services in broadening economic access for the public,’ Neneng said. ‘Together with Superbank, we will continue to deliver innovation and strengthen the ecosystem, providing tangible benefits for driver-partners, MSME partners, users, and the wider community,’ she concluded.

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