Jakarta. Superbank Indonesia’s initial public offering was oversubscribed by 318.69 times, attracting more than one million investor orders ahead of its listing on the Indonesia Stock Exchange on Dec. 17.

“This successful IPO sends a strong positive signal for Indonesia’s capital market, particularly the digital banking segment,” Sucor Sekuritas CEO Bernadus Wijaya said. “The oversubscription and more than one million investor orders underscore market confidence in Superbank Indonesia’s fundamentals and growth outlook.”

Bernadus added that the strong demand during the offering phase was expected to support Superbank, that will be trading under the ticker SUPA, share liquidity once trading begins on the exchange. He also said the IPO could serve as a catalyst for further development of Indonesia’s digital banking sector.

Superbank Indonesia entered a new phase in 2022, shifting its strategic focus toward digitalization to transform from a conventional lender into a technology-driven bank. 

The strategy began to translate into strong operating performance in 2024. Within six months of launching its digital application, Superbank’s digital customer base surpassed 2.7 million. Total deposits rose sharply to Rp 4.94 trillion, marking a 436% year-on-year increase, while loan disbursement reached Rp 6.43 trillion, up 120% year-on-year. Credit quality also improved, with gross non-performing loans (NPL) at 2.27% and net NPL at 0.35% at end-2024.

Superbank’s positive momentum continued into 2025. Backed by shareholders including Grab, Emtek, Singtel, GXS, and KakaoBank, the digital lender recorded a profit before tax of Rp 102 billion as of October 2025, supported by a 173% year-on-year jump in net interest income to Rp 1.3 trillion. Since the launch of its digital app in June 2024, the bank’s customer base has expanded to more than 5 million.

As of October 2025, DPK had grown 168% YoY to Rp 10.6 trillion, driven in part by product innovations such as OVO Nabung by Superbank and deeper integration with the Grab and OVO ecosystems. Loan disbursement reached Rp 9.1 trillion, up 70% year-on-year, supported by partnerships with strategic collaborators and flexible lending products. The expansion in quality lending lifted total assets by 72% year-on-year to Rp 17.6 trillion.

Based on its 2024 financial statements, Superbank recorded total assets of Rp 11.39 trillion, total liabilities of Rp 6.15 trillion, and total equity of Rp 5.25 trillion