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Coal Average Selling Price Increase AMAR is one of the digital banks in Indonesia that focuses on the retail & MSME segment, which aims to serve and provide digital financial services to the underserved & unbanked. As of 9M23, AMAR managed to score a brilliant performance as shown by the reversal of loss to profit in this period, where it scored Net Profit Growth of +193.81% YoY to IDR 162.17B (9M22: – IDR 172.87B) and +52.43% QoQ to IDR 77.14B in 3Q23 (2Q23: IDR 50.61B). AMAR’s shining performance in this period was also supported by solid performance, consistent Net Interest Income (NII) growth, Operating Income growth, as well as better and healthier asset quality. Currently, AMAR’s lending growth is quite stable in terms of lending and has begun to expand exposure from the MSME- Business Banking segmentation to developing technology-based product innovations. Asset Growth AMAR is one of the digital banks in Indonesia that focuses on the retail & MSME segment, which aims to serve and provide digital financial services to the underserved & unbanked. |
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