ENTITY
Amar Bank

Amar Bank (AMAR IJ)

12
Analysis
FinancialsIndonesia
PT Bank Amar Indonesia Tbk. (AMAR:IJ) Originally established in 1991 in Surabaya, Indonesia as a BUKU I bank. Subsequently embarked on a digital transformation in 2014 under new shareholders and a new management team. Successfully launched Indonesia’s first digital lending product in 2015 with full regulatory approval Offers unsecured digital (app-based) micro-loans under the brand-name, TUNAIKU, to Retail and MSME customers. Operations Relies on proprietary credit scoring models underpinned by non-traditional data and predictive analytics. Continue to focus on digital-only banking products such as recently launched digital banking app, SENYUMKU, All-in-one platform for banking services including digital payments, account aggregation and financial planning tools.
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bullishAmar Bank
29 Aug 2022 12:12Syndicated

Investree Completes Acquisition of Amar Bank, Increases Stake to 18.4 Per Cent

This acquisition confirmed Investree as a minority stakeholder in the bank, while Tolaram Group remained a majority stakeholder

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18 Jul 2022 17:37

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30 May 2022 18:08

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16 May 2022 20:27

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14 Jan 2022 17:37

CrossASEAN Digital - All Rise Indonesia's Digital Banks

The recent Allo Bank Indonesia transaction exemplifies the rush to build digital banking capabilities in Indonesia with a strong shareholder...

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