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Allo Bank

Founded by : Chairul Tanjung, 1 January 1996

Kota Jakarta Selatan, Indonesia
Banks
More than 5000 employees
https://www.linkedin.com/company/allo-bank/about/

About the Company

Allo Bank Indonesia (previously PT Bank Harda Internasional Tbk), a prominent digital bank in Indonesia, commenced its operations in October 2021. This innovative institution is the result of a joint venture between CT Corp, a leading Indonesian conglomerate, and Grab, a Southeast Asian superapp. Allobank has quickly become a significant player in the financial industry by offering a comprehensive range of banking products and services, including savings and current accounts, term deposits, investment products, financing solutions for individuals and businesses, and digital payments. In just a short time, Allobank has established a notable presence in the Indonesian banking sector, serving over 3 million customers. The bank's financial figures in 2023 are substantial, boasting assets totaling IDR 8 trillion (equivalent to US$530 million), deposits of IDR 6 trillion (US$400 million), and loans and advances amounting to IDR 4 trillion (US$267 million). In addition to traditional banking services, Allobank provides an array of digital features and services, such as mobile banking, internet banking, QR code payments, contactless payments, peer-to-peer transfers, and bill payments. Allobank's impact extends beyond its numbers. As a new digital bank in Indonesia, it has been pivotal in making banking more accessible and affordable for millions of Indonesians. The bank plays a crucial role in promoting financial inclusion and driving digital transformation in the country. What sets Allobank apart is its unique value proposition, which revolves around its strong focus on digital banking and its seamless integration with the Grab ecosystem. Allobank offers a variety of digital services that simplify financial management for its customers. This integration allows customers to use Allobank for payments at Grab merchants and access Grab's financial services, creating a holistic and convenient financial ecosystem.

Industry Type

According to the GICS (Global Industry Classification Standard) version of March 2023, Allo Bank’s industry classification falls within the following categories:
  • Sector: Financials
  • Industry group: Banks
  • Industry: Banks
  • Sub-Industry: Regional Banks
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Company Address

Menara Bank Mega 5th-6th Floor Jalan Kapten P. Tendean Kav. 12-14A Jakarta, 12790 Indonesia

Source : Google maps

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