Company Report | Getting Ready for the Next Battle

Coal Average Selling Price Increase

AMAR is one of the digital banks in Indonesia with a unique business strategy and segmentation. Although the performance in 2022 was less than optimal due to economic uncertainties both in Indonesia and globally, as well as the influence of a cautious and non-aggressive management policies, which helped AMAR to improve and strengthen its business lines. At the beginning of 2023, AMAR managed to turn around its loss in 1Q22 into profit in 1Q23, the Company managed to increase its Net Profit by +96.89% QoQ, bringing its profit in 1Q23 to IDR 34,429 B (1Q22: IDR -8,798 B; 4Q22: IDR 17,486 B).

Asset Growth

AMAR is one of the digital banks in Indonesia with a unique business strategy and segmentation. Although the performance in 2022 was less than optimal due to economic uncertainties both in Indonesia and globally, as well as the influence of a cautious and non-aggressive management policies, which helped AMAR to improve and strengthen its business lines.