JAKARTA – PT Bank Amar Indonesia Tbk (AMAR), through its online lending app, Tunaiku, recorded a year-on-year (yoy) increase of approximately 30% in 2024. This has resulted in solid net profit and the potential for dividends.

David Wirawan, SVP Finance of AMAR, mentioned that the Tunaiku app had facilitated loan disbursements worth IDR 3 trillion.

Additionally, AMAR’s funding app, Amar Bank Digital, saw growth in terms of users. "As of February, we have reached 1 million users on our Amar Bank Digital app," explained David during the Amar Bank Digital Economy and Banking Outlook event today (20/3).

The solid disbursement performance was accompanied by good credit quality, with the Non-Performing Loan (NPL) ratio maintained at around 1%.

"Amar Bank prioritises prudent lending and responsible lending. We do not just focus on rapid growth," David added.

According to David, loan disbursement is driving profit performance, which will be distributed to investors in the form of dividends.

“To maintain public trust, we are also internally committed to continuously distributing dividends to our investors,” David stated.

According to IDNFinancials, in the 2023 financial year, AMAR became the first digital bank issuer to distribute dividends of IDR 3 per share.

In the 2024 financial year, AMAR has already paid out two interim dividends in August 2024 and January 2025, worth IDR 2.65 and IDR 1.4 per share, respectively.

As of Q3 2024, AMAR’s revenue increased by 27.4% year-on-year (yoy) to IDR 887.6 billion. However, its net profit fell by 6.1% to IDR 152.3 billion. (ZH/DK)