PT Super Bank Indonesia (Superbank), a digital bank backed by Emtek and Grab, has denied speculation regarding an initial public offering (IPO) in 2025.

Superbank President Director Tigor M. Siahaan stated that the company has no immediate plans to list its shares on the Indonesia Stock Exchange (BEI). "Our focus is not on the market but on system integration," he told reporters after the PTIJK OJK event in Jakarta on Tuesday (11/2/2025).

Instead of pursuing an IPO, Superbank remains focused on business development. The digital bank, which launched in February 2023, continues to expand its services and strengthen its ecosystem.

Tigor assured that Superbank has sufficient funding to support its growth. "Our total equity is above IDR 5 trillion," he confirmed, adding that the company has strong financial backing from its shareholders.

Superbank's shareholders are fully committed to its expansion, ensuring that additional funding will be available if needed. This year, the bank is prioritizing the launch of several new products integrated with the Grab and OVO ecosystems.

Since its official launch in June 2024, Superbank has already accumulated 2 million customers. The company continues to focus on enhancing its digital banking services and increasing market penetration.

Recent reports suggested that Superbank, owned by PT Elang Mahkota Teknologi Tbk. (EMTK), was exploring an IPO. Speculation indicated that the bank was targeting a valuation between USD 200 million and USD 300 million (approximately IDR 3.23 trillion to IDR 4.85 trillion) for a potential listing on the BEI.

However, Tigor's latest remarks dismiss these rumors, reaffirming that Superbank is prioritizing business growth and service development over public listing plans in the near future.

SOURCE: CNBC INDONESIA

PHOTO: INFOBANKNEWS

This article was created with AI assistance.