JAKARTA. PT Allo Bank Indonesia Tbk (BBHI) is targeting to attain 19.94% year-on-year (yoy) growth in its third-party funds this year by launching its latest product.

The most recent product in question in Allo Grow, a digital banking service that is aimed for younger generation. With this service, younger generation is given more options to manage their savings in different posts, and the money could be withdrawn any time.

“Surely, we will continue to develop value proposition for this product, in line with our commitment that launches various products and digital banking services,” said Indra Utoyo, President Director of BBHI, mentioned in its official statement.

Utoyo further mentioned that Allo Grow is designed to follow flexible and dynamic lifestyle of younger generation. In addition to this, the users will be given an interest rate of up to 6.5% per annum, according to the saving period.

“It will grant flexibility in financial control to younger generation, which is in accordance with their modern lifestyle, whilst still focusing on financial freedom,” added Utoyo. (KR/ZH)