Many Indonesian digital lenders swing to profit zone but is the trend sustainable?

Many Indonesian digital lenders swing to profit zone but is the trend sustainable?

Many of Indonesia’s listed digital lenders — Bank Jago, Allo Bank, Bank Raya, and Bank Neo Commerce — have posted positive bottom lines in the latest earnings season on the back of strong growth in lending and deposits.

However, the question of whether they have permanently turned the corner remains open to debate.

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