JAKARTA — GXS Bank Pte. Ltd., a major shareholder in PT Super Bank Indonesia Tbk. (SUPA), has significantly increased its stake in the digital bank. On Friday, May 29, 2026, the firm acquired 2.44 billion shares of SUPA, demonstrating strong confidence in the lender’s trajectory.
According to an official disclosure filed with the Indonesia Stock Exchange (IDX), GXS Bank purchased exactly 2,446,594,050 shares at an average price of Rp327.00 per share. This major transaction represents an investment of approximately Rp800.03 billion. Following this move, GXS Bank’s total ownership in Superbank rose from 3.53 billion shares to 5.98 billion, adjusting its total stake in the company from 10.44% to 17.66%.
Market Performance and Recent Outlook
The accumulation of shares comes at a time when SUPA’s stock price has faced downward pressure, declining 10.16% year-to-date to reach Rp840 at the close of trading on May 29, 2026. Despite the stock market volatility, Superbank has posted impressive financial results, reporting a net profit of Rp78.19 billion for the first quarter of 2026. This figure marks a massive 31,051.39% increase compared to the Rp251 million recorded during the same period in 2025.
Superbank President Director Tigor M. Siahaan noted that these strong results validate the bank’s strategy of building a digital-first, ecosystem-based platform. “We expect this growth momentum to continue, supported by a strong foundation and solid capital, with a Capital Adequacy Ratio (CAR) of 84.1%. We remain committed to sustainable growth through prudent management principles,” Tigor stated.
Key Drivers of Growth
The positive performance in early 2026 was fueled by robust growth across several business pillars. As of March 2026, the bank’s total assets climbed 70.54% year-on-year (YoY) to reach Rp23.9 trillion, bolstered by a 50.34% increase in credit distribution, which hit Rp11.4 trillion.
The bank also saw significant public trust, as evidenced by a 103.89% YoY jump in Third-Party Funds (DPK), reaching Rp14.4 trillion. This surge in intermediation activities drove Net Interest Income (NII) up by 90.97% YoY to Rp504 billion, while the Return on Equity (ROE) improved to 4.13%.
Operational efficiency has also trended in the right direction, with the Cost to Income Ratio (CIR) falling to 57.19%, while asset quality remained stable with a Gross Non-Performing Loan (NPL) ratio of 2.10%.
Since its relaunch in June 2024, Superbank has rapidly scaled, serving over 6 million customers and processing more than 1 million transactions daily. Moving forward, the company plans to accelerate its expansion through technological innovation, deeper penetration into the retail and MSME segments, and the optimization of its digital ecosystem to promote inclusive financial access.
Summary
GXS Bank has increased its stake in PT Super Bank Indonesia Tbk (SUPA) by acquiring 2.44 billion shares for approximately Rp800.03 billion. This transaction raises GXS Bank’s ownership in the digital lender from 10.44% to 17.66%, signaling strong investor confidence despite recent volatility in the company’s stock price.
Superbank reported a significant net profit of Rp78.19 billion in the first quarter of 2026, driven by a 70.54% increase in assets and robust growth in credit distribution and customer deposits. With over 6 million customers and a solid capital adequacy ratio, the bank plans to continue its expansion by focusing on technological innovation and deeper penetration into the retail and MSME sectors.