Japanese Giant Joins Amar Bank Shareholder Base
Japan’s SBI Holdings has acquired more than five percent of Amar Bank, marking a new alliance that strengthens Indonesia’s position as one of Asia’s most dynamic digital banking markets.
PT Bank Amar Indonesia, a pioneer in digital banking for retail and MSME segments, announced on Thursday that SBI Holdings, the Japanese financial-services conglomerate, has taken a stake in the bank.
Following the transaction, SBI Holdings now owns over five percent of Amar Bank’s shares, becoming its third-largest institutional investor after Tolaram Pte. Ltd («Tolaram») and PT Jagat Raya Imajinasi.
Confidence in Indonesia’s Digital Banking Potential
The investment marks a new milestone in Amar Bank’s growth story, underscoring global investor confidence in Indonesia’s fast-evolving digital banking industry and the bank’s strategic vision.
«We are excited to welcome SBI Holdings on board and look forward to working closely with them to unlock new opportunities,» said Vishal Tulsian, President Director of Amar Bank.
«We aim to collaborate with their portfolio companies and leverage their financial-services ecosystem to share expertise, build synergies, and deliver even greater value to our retail and MSME customers across Indonesia,» he added.
Tolaram Sees Validation of Amar’s Strategy
Navin Nahata, Managing Director of Fintech & Infrastructure at Tolaram, added: «As Amar Bank’s controlling shareholder, we believe SBI Holdings’ entry validates our strategy and mission to revolutionize banking for Indonesia’s retail and MSME customers.
«By combining our respective strengths, we can accelerate Amar Bank’s roadmap, expand access to financial services, and create sustainable impact for the MSME sector.»
Commitment to Innovation and Inclusion
With strong backing from both global and local partners, Amar Bank reaffirmed its commitment to driving innovation, expanding financial inclusion, and empowering underserved communities across Indonesia’s retail and MSME landscape.
