167 views

Fintech Akulaku acquires minority stake in Indonesian bank for $11.16m: report

It is aiming to make a total investment of $35.30m into Bank Yudha Bhakti.

Online consumer finance platform Akulaku has bought 8.9% stake in Indonesian lender Bank Yudha Bhakti for $11.16m (RP158b) from existing shareholder Gozco Capital, according to local media reports.

Akulaku aims to make a total investment of $35.30m (RP500b) into the bank which will be carried out in stages.

Following the acquisition, Gozco remains the bank’s controlling shareholder with 33.26% stake whilst insurer Asabri owns 23.89%. The rest of the shares are publicly owned.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!