PT Super Bank Indonesia, or Superbank, is currently preparing for an initial public offering (IPO) or its first public listing. So how has the bank performed financially over the past several years? Looking back, the name Superbank was formally introduced in February 2023 as the new identity of PT Bank Fama International. The name change was intended to reinforce the company’s commitment to expanding financial service accessibility for a wider Indonesian population. Management also stated that the rebranding officially marked the bank’s transformation into a digital-based financial institution. In terms of performance, Superbank recorded a net loss in 2023, yet several performance indicators pointed to increased business activity, particularly in interest income and asset expansion.

According to its financial statements, Superbank posted a net loss of Rp385.10 billion in 2023, an increase of 148% from the Rp155.19 billion loss in 2022. Interest income surged by 90.8%, rising from Rp169.34 billion in 2022 to Rp323.22 billion in 2023. While interest income strengthened, interest expenses also increased, though at a much slower rate—up 25.6% from Rp17.60 billion to Rp22.12 billion. On the balance sheet, total assets expanded 39.05%, from Rp3.99 trillion in 2022 to Rp5.56 trillion in 2023. Quarterly losses were recorded at Rp34.56 billion in Q1 2023, growing to Rp112.93 billion in the first half of 2023, and reaching Rp254.74 billion by Q3 2023. One year later, Superbank managed to reduce its net loss despite significantly higher interest expenses driven by business expansion and increased third-party funds. In 2024 the bank reported a net loss of Rp366.37 billion, down 4.9% from Rp385.10 billion in 2023, signaling improved performance even as the bank continued its investment phase and business foundation strengthening.

Interest income surged 130.2% to Rp743.98 billion in 2024, more than doubling the Rp323.22 billion recorded in 2023, reflecting stronger loan disbursement and a growing customer base. However, interest expenses rose sharply as well, jumping 507.9% to Rp134.48 billion due to higher funding costs and more aggressive fund acquisition activities. Total assets also expanded robustly, rising 105% from Rp5.56 trillion in 2023 to Rp11.40 trillion in 2024. On a quarterly basis, Q1 2024 losses reached Rp105.06 billion, nearly tripling from the same period the previous year, followed by a first-half loss of Rp188.46 billion—up 66.9% YoY. Losses in Q3 2024 amounted to Rp285.74 billion, an increase of 12.17% YoY.

Turning Profitable in 2025
Throughout the year up to Q3 2025, Superbank began posting profits. In Q1 2025, the bank booked a net profit of Rp251 million, reversing a Rp105.06 billion loss in Q1 2024 and marking its first-ever profit since the widespread launch of the Superbank mobile banking app in June 2024. Management stated that this milestone reflects the success of a growth strategy centered on expanding digital customers, improving operational efficiency, and strengthening prudent lending. The profit was driven by net interest income, which rose 135.9% YoY from Rp111.94 billion to Rp264.06 billion, although impairment charges also increased 63.20% YoY to Rp55.9 billion.

Loan disbursement grew 144.53% YoY from Rp3.11 trillion to Rp7.6 trillion as of March 2025. Total assets surged 125% to Rp14.04 trillion, up from Rp6.24 trillion. In the first half of 2025, Superbank posted a net profit of Rp20.1 billion, supported by loan distribution of Rp8.4 trillion—up 123% YoY. This also pushed total assets to Rp15.0 trillion, growing 122% from the same period the previous year. By Q3 2025, the bank reported a net profit of Rp60.12 billion, turning around a loss of Rp285.73 billion recorded in Q3 2024.

This profitability was supported by interest income of Rp1.49 trillion, up 69.63% YoY from Rp455.02 billion. At the same time, interest expenses climbed 85.90% to Rp397.09 billion. As a result, net interest income rose to Rp1.10 trillion, an increase of 63.76% YoY from Rp399.01 billion. Other operating expenses also increased 32.35% YoY to Rp1.01 trillion, while additional expenses rose 46.30% YoY to Rp445.95 billion.

IPO Targeting Rp3.06 Trillion
Superbank is preparing to list its shares on the Indonesia Stock Exchange through an IPO targeting up to Rp3.06 trillion in fresh funds. Based on the prospectus published on November 25, 2025, the bank plans to issue up to 4.40 billion new shares, equivalent to 13% of its post-IPO paid-up capital. Each share carries a nominal value of Rp100, with an indicative price range of Rp525–Rp695. Consequently, Superbank may raise between Rp2.31 trillion and Rp3.06 trillion.

The IPO proceeds will be allocated with 70% for working capital to support credit expansion, while around 30% will fund capital expenditures, including product development and information technology enhancements to support future growth. If everything proceeds smoothly, Superbank is scheduled to list on the IDX on December 17, 2025, under the ticker SUPA.

Superbank is a digital bank formerly known as PT Bank Fama International, established in Bandung in 1993. In early 2023, the bank officially adopted the name Superbank and relocated its headquarters to Jakarta, maintaining branches in Jakarta and Bandung. The bank entered a new chapter when it became part of the Emtek Group in late 2021, followed by Grab and Singtel joining as partners in early 2022, and KakaoBank in 2023 as part of the consortium. By 2024, Superbank strengthened its digital banking presence by launching various innovative savings and lending products, such as Saku by Superbank, Celengan by Superbank, and competitive-term deposits starting from 7 days.