Indonesian Political, Business & Finance News

Grab Increases Stake in Superbank, Driving Digital Financial Inclusion

| | Source: REPUBLIKA Translated from Indonesian | Business
Grab Increases Stake in Superbank, Driving Digital Financial Inclusion
Image: REPUBLIKA

Grab has officially solidified its position as the majority shareholder of PT Super Bank Indonesia Tbk (IDX: SUPA), with its total ownership now reaching more than 50 per cent. This strategic step reaffirms Grab’s long-term commitment to expanding access to financing and promoting financial inclusion for the Indonesian people through Superbank.

The increase in ownership was achieved through a series of transactions within the Grab ecosystem, including share purchases by A5-DB Holdings and GXS Pte. Ltd., which established Grab as the majority shareholder of Superbank.

Superbank President Director Tigor M. Siahaan stated that Grab’s growing confidence in Superbank serves as validation of the company’s growth strategy. “Support from the Grab ecosystem allows us to provide banking services that are more relevant, accessible, and provide added value to the community. Moving forward, we will continue to strengthen product innovation, expand access to responsible financing, and deliver an increasingly seamless digital banking experience for millions of Indonesians,” said Tigor.

Indonesia remains 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 its mobility, delivery, and digital payment services. With its position as the majority shareholder of Superbank, Grab is further strengthening its commitment to providing inclusive and relevant digital financial services for the Indonesian population. Grab Indonesia CEO Neneng Goenadi noted that Indonesia serves as both a home for Grab and a vital ecosystem for the company.

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