SBI Holdings acquires over 5% stake in Amar Bank

The investment marks SBI Holdings’ entry into Indonesia’s digital banking sector.

Japan’s SBI Holdings has acquired more than 5% of PT Bank Amar Indonesia Tbk (Amar Bank), becoming the bank’s third-largest institutional investor after Tolaram Pte. Ltd and PT Jagat Raya Imajinasi.

The investment marks SBI Holdings’ entry into Indonesia’s digital banking sector and strengthens Amar Bank’s shareholder base.

Amar Bank President Director Vishal Tulsian said the partnership with SBI Holdings will open new opportunities for collaboration across SBI’s financial services portfolio. 

He added that the bank aims to leverage SBI’s expertise and network to improve services for retail and MSME customers in Indonesia.

Tolaram’s Managing Director for Fintech and Infrastructure, Navin Nahata, said SBI’s investment affirms Amar Bank’s strategy to broaden financial access for retail and MSME clients.