Key facts
- Grab Holdings Limited will consolidate Superbank into its financial statements.
- Grab's stake in Superbank will exceed 50% after a stake transfer to GXS Bank.
- Superbank reported its first full-year profit in FY 2025.
- Superbank has served over 6 million customers since its app launch in June 2024.
- Approximately 60% of Superbank's customers also have a Grab and/or OVO Account.
Superbank, an Indonesian digital lender, is leveraging its strategic ties with Grab and high deposit rates to expand its market share in the country's competitive banking sector. CEO Tigor Siahaan expressed confidence in the bank's growth prospects, dismissing concerns about the weakening rupiah and declining purchasing power as "short-term noises."
Grab Holdings Limited is set to increase its stake in Superbank to over 50% through a transfer of shares from Singtel Alpha Investments Pte. Ltd. to GXS Bank, Grab's digital banking joint venture with Singtel. This move will result in Superbank's financial results being fully consolidated into Grab's financial services segment starting in May. Grab plans to provide updated financial guidance during its second-quarter 2026 results call in August.
Superbank, listed on the Indonesia Stock Exchange in December 2025 with a market capitalization of approximately $2.05 billion, has been a Grab investment since 2022. The bank reported its first full-year profit in fiscal year 2025, alongside 72% year-on-year asset growth to $1.8 billion and an 84% increase in net interest income by April 2026. Since launching its app in June 2024, Superbank has acquired over 6 million customers across Indonesia, processing more than 1 million daily transactions. As of April, about 60% of its customer base holds a Grab and/or OVO Account.