Allo, Jago, Bank Neo Commerce wrap up H1 with strong growth

Three publicly listed digital banks wrapped up the first half of this year with massive growth in loan disbursements and revenue, as more Indonesians transact digitally. Marking one of the biggest triumphs among digital banks in the first half of the year, CT Corp-backed Allo Bank saw a sevenfold increase of loan disbursement year on year (yoy). During the same time period, GoTo-backed Bank Jago also saw a threefold increase yoy, while Akulaku-backed Bank Neo Commerce (BNC) booked an 84.2 percent increase yoy.

August 03 2022, The Jakarta Post

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