Jakarta. A5-DB Holdings Pte Ltd, a business entity of Singapore's Grab Holdings Limited, has snapped up 362.7 million shares of Super Bank Indonesia (SUPA), according to market disclosures.

The shares were acquired at an average price of Rp 1,053 apiece, bringing the total transaction value to around Rp 382.1 billion ($22.52 million). The purchases were carried out between Jan. 14 and Jan. 19, 2026. Following the transaction, A5-DB Holdings’ direct ownership in SUPA rose to 11.1% from 10.03%, Stockbit Sekuritas said in a Tuesday note.

Superbank is a digital lender backed by a consortium of major shareholders, including Emtek, Singtel, and Kakao Bank. The bank competes directly with other digital lenders such as Bank Jago (ARTO), Allo Bank Indonesia (BBHI), and Bank Neo Commerce (BBYB).

As of June 2025, Superbank controlled 9.4% of Indonesia’s digital banking loan market, ranking third with total loans of Rp 8.3 trillion. The top spot was held by SeaBank, which commanded a 29.3% market share with Rp 26 trillion in loans, followed by ARTO with a 24.1% share and Rp 21.4 trillion in lending.

SUPA also outperformed BBYB, which ranked fourth with a 9.1% market share and Rp 8.1 trillion in loans, and BBHI, which stood fifth with an 8.5% share and Rp 7.5 trillion in loans.

Analysts at KB Valbury Sekuritas said Superbank benefits from direct integration with Grab’s ecosystem and OVO, a factor that strengthens its competitive position alongside backing from large strategic shareholders.

Since completing its transformation into a digital bank, SUPA has recorded strong growth, with its customer base reaching 4 million. The bank also turned profitable, posting its first quarterly net profit in 1Q25. Superbank has adopted a dividend policy that allocates up to 85% of net profit to shareholders.

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