AcquisitionsMay 20, 2026, 06:08 AM
Grab Consolidates Superbank, Deepening Indonesia Financial Services
AI Summary
Grab Holdings Limited announced it will consolidate PT Super Bank Indonesia Tbk (Superbank) after Singtel transfers its stake to GXS Bank, Grab's digital banking subsidiary. This move will increase Grab's combined direct and indirect shareholding in Superbank to over 50%, leading to the full consolidation of Superbank's financial results into Grab's Financial Services segment starting May 2026. Superbank, which serves over 6 million customers, reported its first full-year profit in FY2025 and significant asset and net interest income growth in April 2026, reinforcing Grab's commitment to financial services in Indonesia.
Key Highlights
- Grab will consolidate Superbank, increasing its combined direct and indirect shareholding to over 50%.
- Superbank's financials will be consolidated into Grab's Financial Services segment starting May 2026.
- Superbank serves over 6 million customers across Indonesia, with daily transactions exceeding 1 million.
- Superbank reported its first full-year profit in FY2025.
- Superbank achieved 72% asset growth year-on-year to IDR 24 trillion ($1.4 billion) as of April 2026.
- Superbank reported 84% net interest income growth year-on-year in April 2026.
- Superbank's market capitalization is $1.6 billion, and it holds KBMI 2 status.
- Around 60% of Superbank customers also have a Grab and/or OVO Account.
Price Impact
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