Indonesia's Allo Bank goes digital, sets $679m loan target for first year

Indonesia's Allo Bank goes digital, sets $679m loan target for first year

Chairul Tanjung is the founder and Chairman of CT Corp. Photo: REUTERS

Indonesian conglomerate CT Corp on Thursday unveiled its digital banking services with the launch of the Allo Bank app. In the first year of operations, the Bukalapak-backed digital bank has set a loan target of 8-10 trillion rupiah ($543.15-678.94 million).

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