Amar Bank Distributes Rp682 Loans During The First Quarter Of 2023

JAKARTA - PT Amar Bank Indonesia recorded credit growth of 16.49 percent yoy or equivalent to Rp40.1 billion, reaching Rp283.7 billion compared to Rp243.6 billion in the same period in 2022.

Executive Vice President Finance of PT Bank Amar Indonesia Tbk (Amar Bank) David Wirawan said in the first quarter of 2023, active lending increased to around Rp682 billion, including Partnership and SME & Commercial.

"Until the first quarter of 2023, the total distribution of Tunaiku funds as a leading digital loan platform from Amar Bank has increased from Rp463 billion to Rp474 billion," said David, quoted on Thursday, June 22.

Meanwhile, continued David, in the last 12 months, the Amar Bank digital banking application has increased downloaders by more than 200 percent and an increase in customers by more than 370 percent. Significant increases are also seen in stored funds that soared by more than 350 percent.

"In the future, Amar Bank will continue to be committed to providing digital financial services to empower individuals and MSMEs, especially those who are underserved, through financial health and financial inclusion that has an impact," added David.

On the same occasion, President Director of Amar Bank, Vishal Tulsian also explained a new strategy that includes cooperation in embedded banking and financing.

Through this collaboration, Amar Bank plans to collaborate with third parties to facilitate access to digital financial products and services by attaching the service to partner applications.

This collaboration, said Vishal, targets to serve a variety of industries, including P2P, Agriculture, Logistics, E-commerce, and others.

"Some of the financial products and services offered include built-in banking fees, configurable properties, banking standard security, and pre-approved credit limits for user platforms," explained Vishal.

He added that the company also offers collaborations in embedded banking and financing that are plug-and-play for non-bank players, which allows partners to provide banking services to consumers such as payments, loan applications or account checks, within the application.

"They don't need banking licenses to provide this service, because they can use our advanced technology to provide this product as simple as plug-and-play," Vishal concluded.