PT Bank Amar Indonesia Tbk, an Indonesian digital bank focusing on the retail and MSME segments, announced that Japan-based financial conglomerate SBI Holdings has officially become one of its shareholders.
SBI Holdings has bought 1.04 billion shares, equivalent to a 5.63% stake in Bank Amar, at a price of 230 rupiah apiece. The total transaction value is 238.2 billion rupiah which was facilitated by BNI Sekuritas, according to an IDX disclosure on Thursday.
Amar Bank president director Vishal Tulsian said the company sees the partnership as an opportunity to unlock new growth potential. “This collaboration allows us to leverage SBI’s extensive financial ecosystem to share expertise, build synergies, and deliver greater value to retail and MSME customers across Indonesia,” he said in a statement.
Navin Nahata, CMD, Fintech & Infrastructure at Tolaram, said SBI’s entry reaffirms Amar Bank’s strategy to transform banking for retail and MSME clients. “By combining our strengths, we believe this partnership will accelerate Amar Bank’s road map and deepen its impact across Indonesia,” he said.
As of September 30, 2025, Singapore-based Tolaram Group remains the controlling shareholder of Amar Bank with 75.25% ownership, followed by Investree Singapore with 5.64%, and PT Jagat Raya Imajinasi with 6.59%.
Bank Amar’s stock has been on an upward trend in recent months, surging 49.69% since the fourth week of July 2025. On Wednesday (Oct 8, 2025), Bank Amar closed 3.48% higher at 238 rupiah per share.
Notably, Amar Bank reported solid performance in the first half of 2025. The bank posted a net profit of 48.6 billion rupiah, up from 33.5 billion rupiah in the same period last year. Its loan portfolio rose to 2.74 trillion rupiah from 2.39 trillion rupiah, while deposits grew from 3.54 trillion rupiah to 4.21 trillion rupiah. The improvement was attributed to strong growth in its digital lending platform Tunaiku and increased adoption of its Amar Bank app among retail and MSME customers.
The entry of SBI Holdings adds to the list of its strategic investments in Indonesia. SBI has been active in Southeast Asia’s fintech ecosystem and was an early investor in Investree. In 2020, SBI Holdings led a Series C funding round in Investree through its subsidiary SBI Ven Capital. SBI has also invested in other financial services and digital ventures across Asia, positioning itself as a key enabler of fintech innovation.
