Bisnis.com, JAKARTA – Indonesia's digital bank PT Bank Jago Tbk. (ARTO) will face a tough challenge from its closest rivals, which aim to level up to the second tier of bank group based on core capital, or KBMI 2.
Chairul Tanjung’s PT Allo Bank Indonesia Tbk. (BBHI) and PT Bank Neo Commerce Tbk. (BBYB), which is controlled by Akulaku, China Jack Ma's Alibaba-affiliated company, are accelerating their moves to take on Jerry Ng and Patrick Sugito Walujo bank.
Last year, the Financial Services Authority (OJK) set the core capital limit for KBMI 2 at Rp 6 trillion. Today, BBHI and BBYB reported core capital of less than half of the nominal value. However, it is only a matter of time for them to pump up their capital.
