Indonesia Digest: Bank Jago targets 6m users by year-end; Bank Raya plans rights issue

Indonesia Digest: Bank Jago targets 6m users by year-end; Bank Raya plans rights issue

A gojek driver in front of Bank Jago's logo

While Gojek-backed digital lender Bank Jago is targeting at least six million customers by the year-end, state-owned Bank Rakyat Indonesia’s subsidiary Bank Raya is planning to seek shareholders’ approval to conduct a rights issue.