About Bank Maspion
Bank Maspion is a company based in Surabaya (Indonesia) founded in 1989 was acquired by Kasikornbank in May 2022.. The company has 936 employees as of December 31, 2024. Bank Maspion offers products and services including Tabungan, Deposito, and Kredit. Bank Maspion operates in a competitive market with competitors including Scotiabank, Bank Central Asia, Bank of America, Bank Negara Indonesia and Danamon, among others.
- Headquarter Surabaya, Indonesia
- Employees 936 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pt Bank Maspion Indonesia Tbk
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Annual Revenue
$96.35 M (USD)24.8as on Dec 31, 2024
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Net Profit
$-15.27 M (USD)-490.85as on Dec 31, 2024
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EBITDA
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Latest Funding Round
$20 M (USD), Post-IPO
Aug 28, 2017
- Investors
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Employee Count
936
as on Dec 31, 2024
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Acquired by
Kasikornbank
(May 30, 2022)
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IPO & Listings of Bank Maspion
Bank Maspion is a publicly listed company on the IDX with ticker symbol BMAS in Indonesia, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Bank Maspion
Bank Maspion offers a comprehensive portfolio of products and services, including Tabungan, Deposito, and Kredit. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Savings account with tiered interest rates for personal use.
Time-bound deposits offering fixed interest returns.
Loans for working capital and consumer financing needs.
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Funding Insights of Bank Maspion
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $20.0M
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First Round
First Round
(28 Aug 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2017 | Amount | Post-IPO - Bank Maspion | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bank Maspion
Bank Maspion has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Kasikornbank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Commercial banking services are offered to individuals and corporations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bank Maspion
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bank Maspion
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bank Maspion Comparisons
Competitors of Bank Maspion
Bank Maspion operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Scotiabank, Bank Central Asia, Bank of America, Bank Negara Indonesia and Danamon, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking services are offered to individuals and corporates.
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial bank with international presence
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| domain | founded_year | HQ Location |
Commercial banking services are provided nationwide by Danamon.
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| domain | founded_year | HQ Location |
Finance company offering loans
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bank Maspion
Frequently Asked Questions about Bank Maspion
When was Bank Maspion founded?
Bank Maspion was founded in 1989 and raised its 1st funding round 28 years after it was founded.
Where is Bank Maspion located?
Bank Maspion is headquartered in Surabaya, Indonesia. It is registered at Surabaya, East Java, Indonesia.
How many employees does Bank Maspion have?
As of Dec 31, 2024, the latest employee count at Bank Maspion is 936.
What is the annual revenue of Bank Maspion?
Annual revenue of Bank Maspion is $96.35M as on Dec 31, 2024.
What does Bank Maspion do?
Bank Maspion was founded in 1989 and is headquartered in Surabaya, Indonesia. As a commercial bank, standard financial services such as deposits, loans, and payment processing are offered to individual and business clients. Operations are centered in the Indonesian banking sector, with a focus on regional economic activities. The banks domain, bankmaspion.co.id, supports its digital presence for customer transactions and information.
Who are the top competitors of Bank Maspion?
Bank Maspion's top competitors include Scotiabank, Bank Negara Indonesia and Bank of America.
What products or services does Bank Maspion offer?
Bank Maspion offers Tabungan, Deposito, and Kredit.
Is Bank Maspion publicly traded?
Yes, Bank Maspion is publicly traded on IDX under the ticker symbol BMAS.
Who are Bank Maspion's investors?
Bank Maspion has 1 investor. Key investors include Kasikornbank.
What is Bank Maspion's ticker symbol?
The ticker symbol of Bank Maspion is BMAS on IDX.
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