Key Takeaways
- • Superbank, the Grab-backed digital bank listed in Indonesia, posted Q3 2026 net profit of 117.3 billion rupiah ($6.5 million), up 196% from 39.6 billion rupiah a year earlier, according to its Q3 results presentation.
- • Profit before tax rose 199% year-on-year to 150.7 billion rupiah ($8.3 million), while net interest income climbed 27% to 550 billion rupiah ($30.3 million).
- • Digital loan portfolio grew 265% year-on-year in Q3, with the digital loan customer base expanding 361% and incoming loan applications rising 353%.
- • For the first nine months of 2026, net profit reached 299.9 billion rupiah ($16.5 million), nearly fivefold the 60.1 billion rupiah recorded a year earlier.
- • As of September, capital adequacy ratio stood at 73.26%, cost-to-income at 54.16%, and pre-tax return on equity at 6.23%, versus 2.03% a year earlier.
Summary
Superbank, the Indonesia-listed digital bank backed by Grab, nearly tripled its net profit in the third quarter of 2026, driven by rapid growth in digital lending and higher interest income. According to the bank's Q3 results presentation, net profit reached 117.3 billion rupiah ($6.5 million) in the July-September quarter, up 196% from 39.6 billion rupiah a year earlier. Profit before tax rose 199% year-on-year to 150.7 billion rupiah ($8.3 million), and net interest income increased 27% to 550 billion rupiah ($30.3 million).
The growth was concentrated in lending. Superbank's digital loan portfolio expanded 265% year-on-year in the quarter, its digital loan customer base grew 361%, and incoming loan applications rose 353%. The bank attributed this to expanding lending through Grab's ecosystem and rising credit demand. Its Pinjaman Atur Sendiri (PAS) product lets Grab and OVO users access financing through their respective apps without downloading Superbank's application.
For the first nine months of 2026, profit before tax totaled 385 billion rupiah ($21.2 million), up 376% year-on-year, while net profit rose nearly fivefold to 299.9 billion rupiah ($16.5 million) from 60.1 billion rupiah ($3.3 million). Net interest income for the period increased 41.9% to 1.56 trillion rupiah. Total loans grew 52.6% to 13.8 trillion rupiah ($761 million), customer deposits rose 79.3% to 17.6 trillion rupiah ($970.6 million), and total assets reached 27.5 trillion rupiah ($1.5 billion), up 66.3%.
Superbank said its customer base exceeded 8.5 million as of September, up 73%, with 1.9 million transactions per day. The bank introduced a Top-Up & Bayar feature in the quarter, enabling e-wallet top-ups, mobile credit purchases and bill payments, and its presentation cited 19 upcoming partner collaborations intended to increase transaction frequency. It has also expanded into vehicle financing for Grab drivers, including financing for electric vehicles used in GrabCar Plus Electric, which the bank said would give drivers access to vehicle ownership through affordable daily rental arrangements.
In a statement, president director Tigor M. Siahaan said growth is measured by the value created through the services customers use, adding that the company is increasingly confident its ecosystem-driven strategy can accelerate growth while strengthening profitability. As of September, the bank reported a capital adequacy ratio of 73.26%, a cost-to-income ratio of 54.16%, and a pre-tax return on equity of 6.23%, compared with 2.03% a year earlier. Siahaan said Superbank will focus in the fourth quarter on deepening ecosystem integration, developing services for evolving customer needs, and maintaining sustainable growth through operational efficiency, governance and risk management.
The growth was concentrated in lending. Superbank's digital loan portfolio expanded 265% year-on-year in the quarter, its digital loan customer base grew 361%, and incoming loan applications rose 353%. The bank attributed this to expanding lending through Grab's ecosystem and rising credit demand. Its Pinjaman Atur Sendiri (PAS) product lets Grab and OVO users access financing through their respective apps without downloading Superbank's application.
For the first nine months of 2026, profit before tax totaled 385 billion rupiah ($21.2 million), up 376% year-on-year, while net profit rose nearly fivefold to 299.9 billion rupiah ($16.5 million) from 60.1 billion rupiah ($3.3 million). Net interest income for the period increased 41.9% to 1.56 trillion rupiah. Total loans grew 52.6% to 13.8 trillion rupiah ($761 million), customer deposits rose 79.3% to 17.6 trillion rupiah ($970.6 million), and total assets reached 27.5 trillion rupiah ($1.5 billion), up 66.3%.
Superbank said its customer base exceeded 8.5 million as of September, up 73%, with 1.9 million transactions per day. The bank introduced a Top-Up & Bayar feature in the quarter, enabling e-wallet top-ups, mobile credit purchases and bill payments, and its presentation cited 19 upcoming partner collaborations intended to increase transaction frequency. It has also expanded into vehicle financing for Grab drivers, including financing for electric vehicles used in GrabCar Plus Electric, which the bank said would give drivers access to vehicle ownership through affordable daily rental arrangements.
In a statement, president director Tigor M. Siahaan said growth is measured by the value created through the services customers use, adding that the company is increasingly confident its ecosystem-driven strategy can accelerate growth while strengthening profitability. As of September, the bank reported a capital adequacy ratio of 73.26%, a cost-to-income ratio of 54.16%, and a pre-tax return on equity of 6.23%, compared with 2.03% a year earlier. Siahaan said Superbank will focus in the fourth quarter on deepening ecosystem integration, developing services for evolving customer needs, and maintaining sustainable growth through operational efficiency, governance and risk management.
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