I still believe the IDSB deal is better for the following reasons;
1. IDSB has a second bank onboard which is predicted to reach the same value as the first bank. That means profit will double. That means the ROI will also double.
2. The IDSB investment also grows IOU's other income streams.
3. The investment from Grab and Singtel in PT Bank Fama only enables it to reach the minimum liquidity level. More money is required to allow it to lend to a larger pool of customers. Whereas IOU do not need to invest further money to receive the growing return on investment.
4. PT Bank Fama is a small lender. It needs to compete with established lenders. It has the backing of two major corporations however 66% of Indonesia is unbanked.
5. iDSB has an established customer base of civil servants.
I still believe the IDSB deal is better for the following...
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