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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Amar Bank (AMAR IJ)
Amar Bank (AMAR IJ)
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Analysis
Financials • Indonesia
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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