Indonesian digital bank PT Super Bank Indonesia Tbk (Superbank), backed by Southeast Asian tech giant Grab and South Korea’s KakaoBank, swung to a profit in 2025, supported by strong loan expansion and growing deposits as the bank scaled its digital ecosystem partnerships.
The bank reported profit before tax (PBT) of 143.3 billion rupiah ($8.45 million) in FY2025, marking its first full-year profit, compared with a pre-tax loss of 391.2 billion rupiah ($23 million) in 2024, according to its latest financial statement.
Net profit after tax (NPAT) reached 99.7 billion rupiah ($5.9 million), reversing a net loss of 366.4 billion rupiah ($21.6 million) a year earlier, as the bank’s lending and revenue base expanded rapidly.
Superbank’s earnings were driven by a sharp increase in interest-based income. Net interest income rose 160% year-on-year to 1.58 trillion rupiah, in line with loan growth of 50% to 9.6 trillion rupiah, primarily in the retail and micro, small and medium enterprise (MSME) segments.
Deposits also expanded significantly, with third-party funds jumping 139% year-on-year to 11.8 trillion rupiah, while total assets grew 87% to 21.3 trillion rupiah, reflecting the bank’s expanding digital banking footprint.
“2025 marked a transformational year for Superbank. We recorded our first profit in the first quarter of 2025 and closed the year with strong growth across all key indicators,” Tigor M. Siahaan, president director of Superbank, said in a statement.
He added that the bank’s initial public offering in December 2025 strengthened its capital structure and boosted customer confidence in the digital banking platform.
Superbank debuted on the Indonesia Stock Exchange (IDX) on Dec. 17. The company raised 2.8 trillion rupiah (around $167 million) in its initial share sale, offering 4.41 billion new shares, or about 13% of its enlarged share capital. The company’s shares have risen 3.15% to 815 rupiah apiece since listing at 790 rupiah.
Superbank’s operational efficiency also improved as the business scaled up. The bank’s cost-to-income ratio fell to 70.52% from 139.16% in 2024, while net interest margin rose to 10.64%. Asset quality remained stable with gross non-performing loans at 2.6% and net NPL at 0.68%, supported by a loan-to-deposit ratio of 81.32%.
The digital bank, backed by major technology and telecom players including Grab Holdings, Elang Mahkota Teknologi, Singtel, KakaoBank, and GXS Bank, has been leveraging ecosystem partnerships to expand its digital banking services.
These collaborations include OVO Nabung by Superbank, a savings product integrated with the OVO platform, as well as Kartu Untung, developed with KakaoBank. The bank has also integrated its Pinjaman Atur Sendiri (PAS) loan application feature directly into the Grab and OVO apps.
Since launching its digital banking app in June 2024, Superbank said it has served more than 6 million customers, with daily transactions averaging over 1 million per day, highlighting strong user adoption within its ecosystem.
Following its December 2025 IPO, the bank’s capital rose to about 8.16 trillion rupiah from 5.25 trillion rupiah in the previous year, placing it in the KBMI 2 banking category, a regulatory classification by Indonesia regulator for banks with core capital of 6-14 trillion rupiah, allowing the lender to expand lending capacity and broaden its product offerings as it scales its digital banking business.
Superbank said it will continue focusing on technology innovation, ecosystem collaboration, and prudent risk management as it seeks to sustain its growth trajectory in Indonesia’s digital banking sector.
