JAKARTA - PT Super Bank Indonesia Tbk (SUPA) officially listed on the Indonesia Stock Exchange on December 17, 2025 with an initial public offering (IPO) price of IDR 635 per share. Since its debut, SUPA shares have shown impressive performance by immediately strengthening on the first day of trading and continuing the upward trend, while marking investor confidence in the entry of Superbank into the General Bank Category Based on Core Capital (KBMI) 2.
At the close of trading on Friday, December 19, SUPA shares were recorded to close in the range of IDR 1,230 per share, reflecting the significant appreciation of market participants towards the prospects of the digital bank after the initial listing. This positive performance shows the high interest of investors in the Superbank digital business model and medium to long-term growth expectations.
Until November 2025, Superbank recorded a profit before tax of IDR 122.4 billion, supported by a surge in net interest income of 165 percent year-on-year (YoY) to IDR 1.4 trillion. The strong intermediation performance is reflected in the growth of Third Party Funds (DPK) of 149 percent YoY to IDR 11.0 trillion and the disbursement of credit which increased 58 percent YoY to IDR 9.3 trillion, thus driving total assets to grow 69 percent YoY to IDR 18.0 trillion. On the operational side, Superbank has served more than 5 million customers with an average daily transaction exceeding 1 million transactions per day.
Bernadus Wijaya, CEO of Sucor Sekuritas, assessed that Superbank's performance achievement until November 2025 reflects the increasingly solid fundamentals after the IPO.
"The combination of profit growth, measured credit expansion, and increased daily transactions shows that Superbank is not only growing aggressively, but also becoming more mature in terms of fundamentals," he said in a written statement, Tuesday, December 23.
According to Bernadus, the success of Superbank in meeting the KBMI 2 criteria with core capital above IDR 6 trillion strengthens market perceptions of sustainable medium-term growth.
"With a stronger capital structure and a growing customer base, Superbank has an attractive expansion space, which could ultimately become a positive catalyst for future stock valuations," he added.
Going forward, Sucor Sekuritas is optimistic that Superbank has an attractive long-term outlook, as the penetration of digital banking services increases and the need for financing in the retail and MSME segments. The status of KBMI 2 is believed to strengthen Superbank's competitiveness in the national banking industry and support the next phase of growth as a public company.
In addition, as part of Grab and Emtek Group which in total have more than 50 million users, Bernadus Wijaya is also optimistic that Superbank will be able to utilize this ecosystem to become the largest Digital Bank in Indonesia.
"I am confident that with its excellent track record until November 2025, Superbank will be able to utilize the ecosystem owned by Grab and Emtek which has a total of more than 50 million users - so Superbank will be able to become the largest Digital Bank in Indonesia in the next 2-3 years," concluded Bernadus Wijaya.
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