BANK GANESHA

What BANK GANESHA does

Bank Ganesha is an Indonesian commercial bank (PT Bank Ganesha Tbk) listed on the Indonesia Stock Exchange (BGTG:IJ) since May 2016 and headquartered in Jakarta. Operating in the KBMI 1 category with assets in the low trillions of rupiah, the bank serves three primary segments: individual consumers (the primary segment), small/medium enterprises, and unbanked/underbanked populations targeted for financial inclusion. Its geographic footprint spans 12 branches across Jakarta, Tangerang, Surabaya, and Bali, augmented by an ATM network connected to Indonesia's national switching infrastructure (BERSAMA, LINK, ALTO, GPN) and Bank Indonesia's BI-FAST real-time payment system.

The product platform covers deposits (savings, current accounts, and time deposits — including digital variants opened via mobile), consumer credit (mortgages, auto loans, personal loans, and salary-based loans), working capital and investment loans for SMEs, trade finance and FX services, an e-wallet (G-money, powered by DOKU), and a bancassurance and mutual fund distribution layer built through partnerships with Equity Life, Great Eastern Life, Bahana TCW, and Trimegah Asset Management. The underlying technology stack — NEW BANGGA mobile banking with online onboarding, G-online and G-corporate internet banking, G-money e-wallet, and an E-form Ganesha digital credit origination platform launched in October 2024 — is the operational backbone for a multi-channel retail banking model. ISO 9001:2015 certified, OJK and Bank Indonesia supervised, and LPS-insured.

The revenue model is a conventional commercial banking mix: net interest income from lending (mortgages, auto, personal, salary-based, working capital, and investment credit); fee-based income from accounts, transfers, ATM, FX, and safe deposit boxes; distribution commissions from bancassurance and mutual fund partners; and transaction fees on government bond sales (ORI, Sukuk Ritel). Pricing is granular — Tabungan Ganesha Digital requires zero initial deposit, payroll and student accounts waive admin fees, and time deposits start at Rp 2.5 million in rupiah or USD 800. Customer acquisition increasingly relies on digital channels (Member Get Member Digital referral program, 2026) layered onto the legacy branch footprint.

Name

BANK GANESHA

Legal name

PT BANK GANESHA Tbk

Website

https://bankganesha.co.id

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

251–500 employees

Short description

Bank Ganesha is a publicly listed Indonesian commercial bank (BGTG:IJ) serving retail consumers, SMEs, and underbanked segments through 12 branches in Java and Bali, a mobile-first digital banking platform (NEW BANGGA), and partners in insurance, mutual funds, and e-wallets.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)

Keywords

• Retail banking services
• Consumer lending
• Digital banking
• Trade finance services
• Wealth management

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: The bank earns interest income from lending activities including KPR (mortgage), KPM (car loans), KPP (personal loans with collateral), KPT (salary loans), and business loans (working capital, investment credits).
2. Fee-based Income: Fees from various banking services including account administration, ATM transactions, transfers, foreign exchange, safe deposit boxes, and digital banking services.
3. Bancassurance Commission: Commissions earned from selling insurance products (Equity Pro Whole Life, Great Prestige Protector, Great Prestige Heritage Protector) through the bank.
4. Mutual Fund Distribution: Revenue from distributing mutual fund products from Bahana TCW and Trimegah Asset Management to bank customers.
5. Investment Product Sales: Income from selling government bonds (ORI, Sukuk Ritel), secondary market bonds, and other investment products.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels5 records

Core offering

Bank Ganesha is an Indonesian commercial bank that provides savings accounts (including digital variants), time deposits, current accounts, consumer loans (mortgage, auto, personal, salary-based), business loans (working capital, investment), trade finance (export/import, L/C, bank guarantees), foreign exchange and remittance services, digital banking (NEW BANGGA mobile, G-online internet banking, G-corporate for businesses), an e-wallet (G-money), bancassurance products, mutual fund distribution, and government bond sales. The bank serves retail consumers, SMEs, and corporate clients across Jakarta, Tangerang, Surabaya, and Bali through branches, ATMs/CRMs, and digital channels.

Product overview

Bank Ganesha is an Indonesian commercial bank offering a comprehensive suite of banking products and services for individuals and businesses. The product portfolio includes: (1) Digital Banking: NEW BANGGA mobile banking (with online account onboarding), G-online internet banking for individuals, and G-corporate for businesses; (2) Deposit Products: Traditional savings (Tabungan Ganesha, MAPCLUB, Savingplus, Optima, Investasi, Dollar, Pelajar, Payroll), time deposits (Deposito Ganesha), current accounts (Giro Ganesha, Giro Ganesha Active), and digital variants (Tabungan Ganesha Digital, Tabungan Ganesha MAPCLUB Digital, Deposito Ganesha Digital); (3) Credit Products: Personal loans (KPP), salary-based loans (KPT), home loans (KPR), auto loans (KPM), working capital loans, and investment loans; (4) Payment Services: BI-FAST real-time transfers, ATM/CRM network, bill payments, tax payments via MPN G3; (5) E-Wallet: G-money powered by DOKU; (6) Trade Services: Foreign exchange, remittance, export/import financing, Letter of Credit; (7) Wealth Management: Bancassurance products (Equity Life, Great Eastern Life), mutual funds (Bahana TCW, Trimegah), government bonds; (8) Other Services: Safe Deposit Box, E-statement, payroll services. The bank serves retail customers through digital channels (mobile/internet banking) and a network of branches and ATMs across Jakarta, Tangerang, Surabaya, and Bali.

Differentiator

Problem solved

Functional benefit

Brands

• NEW BANGGA: Mobile banking application of Bank Ganesha that enables online account opening, transfers, bill payments, and various financial transactions
• G-online
• G-corporate
• G-money
• GATARA

Products and services

• Tabungan Ganesha Digital Digital savings account with online account opening through NEW BANGGA mobile banking. Features zero initial deposit, Rp 25,000 minimum balance, and no monthly administration fees. For retail customers seeking a fully digital banking experience.
• Tabungan Ganesha MAPCLUB Digital Digital savings account with MAPCLUB loyalty points rewards program. Provides bonus Upfront Points (UPP) for new customers, Monthly Points (MOP) based on average balance, and Top Up Points (TOP). Opened through NEW BANGGA mobile banking.
• Deposito Ganesha Digital Digital time deposit product accessible through NEW BANGGA mobile banking application, offering competitive interest rates with flexible tenors. For retail customers seeking digital investment options.
• Tabungan Ganesha Core savings account product with competitive interest rates, free administration fees, and access to internet banking, mobile banking, and ATM DEBIT card services. Features autodebet and Automatic Fund Transfer capabilities.
• Tabungan Ganesha Berencana (GATARA) Planning savings account with life insurance protection from PT Equity Life Indonesia. Features flexible monthly deposits from Rp 100,000, terms 1-5 years, and guaranteed life coverage of Rp 3-300 million.
• Tabungan Ganesha MAPCLUB Savings account with MAPCLUB loyalty points rewards. Earns Monthly Points (MOP) and Top Up (TOP) bonuses based on average monthly balance tiering, redeemable at MAP stores and mapclub.com.
• Tabungan Ganesha Investasi Savings account with higher interest rates using daily compound interest calculation method. Features free monthly administration fees and can serve as backup giro with standing instruction facility.
• Tabungan Ganesha Savingplus Savings account with competitive interest rates and free administration fees. Features autodebet for routine payments, automatic fund transfer, and access via internet and mobile banking.
• Tabungan Ganesha Optima Savings account with progressive daily interest rates and free administration. Can be used as credit collateral and features free replacement for lost or damaged passbooks.
• Tabungan Ganesha Dollar USD-denominated savings account for transactions, investment, business, and travel purposes. Features competitive exchange rates and free monthly administration, dormancy, and minimum balance fees.
• Tabungan Ganesha Pelajar Student savings account with free monthly administration and low initial deposits. Designed for children with progressive interest rates based on daily balance.
• Tabungan Ganesha Payroll Payroll savings account for company employees partnered with Bank Ganesha. Available in Pass Book (TPGPB) and Monthly Statement (TPGMS) variants with free administration and ATM DEBIT card.
• TabunganKu National savings program product from Bank Indonesia promoting financial literacy and savings culture. Features free below-minimum-balance fees.
• Deposito Ganesha Time deposit in Rupiah and USD with competitive interest rates using actual day calculation. Available tenors from 7 days to 24 months, with automatic rollover option and LPS guarantee.
• Giro Ganesha Current account in Rupiah and USD with competitive interest rates. Features internet banking (Rupiah), ATM DEBIT card, autodebet, and autotransfer facilities. Available for individuals and businesses.
• Giro Ganesha Active Current account with attractive interest rates combining savings and investment capabilities. Features internet banking, ATM DEBIT card, and 24/7 customer service access.
• Kredit Pinjaman Perorangan (KPP Ganesha) Personal credit facility with vehicle (BPKB) or property certificate as collateral. Offers cash funds with credit terms up to 10 years and flexible installment payments.
• Kredit Penghasilan Tetap (KPT Ganesha) Unsecured credit for salary earners of partner companies. Covers wedding, education, pilgrimage, medical, childbirth, and circumcision expenses. Features quick processing, flexible installments, and credit life insurance.
• Kredit Pemilikan Rumah (KPR Ganesha) Home ownership financing for primary and secondary properties (houses, apartments, shophouses), indent properties from developer partners, and takeover or refinancing with top-up options.
• Kredit Pemilikan Mobil (KPM Ganesha) Vehicle financing for new and used passenger cars and new commercial vehicles with credit terms up to 5 years and flexible installments.
• E-form Ganesha Online credit application service for consumer loans including KPP, KPR, KPM, and KPT products. Provides product information, installment simulation, and digital application submission.
• Kredit Modal Kerja Working capital credit facilities for businesses including Rekening Koran (PRK), Short Term Loan (STL), Fixed Loan, Export Credit, Trust Receipt, Bank Guarantee, Letter of Credit (L/C), and SKBDN.
• Kredit Investasi Medium and long-term credit for financing fixed assets in rehabilitation, modernization, expansion, or new project establishment for business customers.
• Foreign Exchange (FX) Currency exchange services including FX Tod, FX Tom, FX Spot, FX Forward, and FX Swap for hedging and currency trading in USD, EUR, SGD, AUD, JPY.
• Pengiriman Mata Uang Asing International money transfer service (TT) to domestic and foreign banks in USD, SGD, AUD, EUR, JPY, and CNY with competitive fees.
• BI-FAST National retail payment infrastructure enabling real-time fund transfers 24/7. Transfer fee is Rp 2,500 per transaction with limits up to Rp 250 million daily.
• Mesin ATM & CRM Ganesha ATM and Cash Recycle Machine network offering cash withdrawal, deposit, balance inquiry, fund transfer, BI-FAST transfer, bill payments (PLN, phone, tax), and cardless withdrawal via mobile banking.
• Safe Deposit Box (SDB) Secure vault storage service for valuables and important documents in M, L, and XL sizes. Features 24-hour security, dual-key system, and availability for individuals and businesses.
• Pembayaran Bill payment services including tax payments (PPH, PPN, import/export taxes, excise) via MPN G3, telephone bill payments, and electricity bill payments (PLN) through ATM and teller.
• E-statement Ganesha Electronic monthly account statement delivery via email in PDF format. Available for multiple savings products including Tabungan Ganesha, MAPCLUB, Savingplus, Investasi, Optima, Pelajar, Payroll, and TabunganKu.
• Mobile Banking NEW BANGGA Mobile banking application with online account onboarding, spending tracker, savings, deposits, pocket features, daily transactions, and cardless cash withdrawal. Available on Android and iOS.
• Internet Banking G-online Individual internet banking service with portfolio information, transfers (internal, BI-FAST, SKN/RTGS), scheduled transfers, bill payments, deposit opening, pulse purchase, train tickets, QRIS, and soft-token security.
• G-money Electronic wallet with cash wallet and linked credit card features powered by DOKU. Enables online and offline shopping, QR payments, fund transfers, cash withdrawals, mobile credit purchases, bill payments, and investment via Bareksa. Available on Android and iOS.
• Internet Banking G-corporate Web-based online banking for institutional customers (SME, commercial, corporate). Features include batch transfers, payroll, virtual accounts, sweep in/out, electronic invoices, and multi-level transaction approval with token security.
• Kartu ATM DEBIT Ganesha ATM DEBIT card with GPN logo for cashless transactions, interbank transfers via BI-FAST/ATMBERSAMA/LINK/PRIMA/ALTO, balance inquiry, cash withdrawal, and cash deposit. Features daily transaction limits and zero debit transaction fees.
• Equity Pro Whole Life Whole life insurance product from Equity Life Indonesia. Covers lifetime protection with premium payment periods of 5, 10, or 20 years. Minimum coverage Rp 5 million with Rp 100,000 minimum premium.
• Great Prestige Protector Life insurance product in Rupiah from Great Eastern Life Indonesia with fixed returns for the first 10 years. Provides guaranteed death benefit and policy maturity benefits with adjustable coverage amounts.
• Great Prestige Heritage Protector USD-denominated life insurance product from Great Eastern Life Indonesia with fixed returns for 10 years and 3% loyalty bonus. Provides long-term protection with adjustable coverage in USD.
• Bahana TCW Reksa Dana Mutual fund products from Bahana TCW Investment Management including money market (Bahana Dana Likuid), fixed income (Bahana Obligasi Ganesha), and equity (Bahana Primavera Plus) funds.
• Trimegah AM Reksa Dana Mutual fund products from Trimegah Asset Management including money market (Trimegah TRIM Kas 2), fixed income (Trimegah TRIM Dana Tetap 2, Trimegah Dana Tetap Syariah), and equity (Trimegah TRAM Consumption Plus) funds.
• Obligasi Negara Pasar Sekunder Secondary market government bonds including FR (Fixed Rate), PBS (Project Based Sukuk), ORI (Obligasi Ritel Indonesia), and SR (Sukuk Ritel) in IDR. Minimum transaction Rp 20 million with periodic coupon income.
• Ekspor/Impor Export and import trade finance services including Letter of Credit (L/C), Bank Guarantee, Trust Receipt, and export or import financing for international trade transactions.
• Member Get Member Digital Digital referral program for Deposito Ganesha Digital. Referrers can earn reward saldo (up to Rp 300,000 per successful referral) by inviting up to 50 referees with minimum deposits of Rp 25 million.

Quantifiable outcome

• Profit of Rp 255 billion in 2024
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• MAPCLUBcoreGTM or Marketing PartnerMAPCLUB is a loyalty program partnership where Bank Ganesha offers Tabungan Ganesha MAPCLUB products that earn MAPCLUB reward points for shopping at MAP stores and online at mapclub.com. The partnership includes both physical and digital savings products (Tabungan Ganesha MAPCLUB and Tabungan Ganesha MAPCLUB Digital) with tiered reward points based on average balance.
• DOKUcoreTechnology or IntegrationDOKU is the technology partner powering G-money, Bank Ganesha's electronic wallet. DOKU provides the payment infrastructure enabling QR payments, transfers, and merchant transactions. G-money is co-branded with DOKU and operates under DOKU's terms and conditions as an electronic money issuer.
• Equity Life IndonesiacoreGTM or Marketing PartnerEquity Life Indonesia is the insurance partner for the Equity Pro Whole Life bancassurance product sold through Bank Ganesha. The product offers whole life insurance with coverage up to 100 years, minimum sum assured of Rp 5,000,000, and premium payment periods of 5, 10, or 20 years. Bank Ganesha acts as a referral partner, not an agent or broker.
• Great Eastern Life IndonesiacoreGTM or Marketing PartnerGreat Eastern Life Indonesia is the insurance partner for Great Prestige Protector (Rupiah) and Great Prestige Heritage Protector (USD) bancassurance products. Both products offer guaranteed returns for 10 years and flexible coverage amounts. Bank Ganesha acts as a referral partner, not an agent or broker.
• Bahana TCW Investment ManagementcoreGTM or Marketing PartnerBahana TCW is a joint venture between PT Bahana Pembinaan Usaha Indonesia (BUMN) and Trust Company of the West (Los Angeles). Bank Ganesha distributes Bahana mutual fund products including Bahana Dana Likuid Kelas G (money market), Bahana Obligasi Ganesha Kelas D (fixed income), and Bahana Primavera Plus (equity). Bahana is among top 5 AUM managers in Indonesia.
• Trimegah Asset ManagementcoreGTM or Marketing PartnerTrimegah Asset Management is a subsidiary of Trimegah Sekuritas Indonesia with 30+ years of capital markets experience. Bank Ganesha distributes Trimegah mutual fund products including Trimegah TRIM Kas 2 Kelas A (money market), Trimegah TRIM Dana Tetap 2 Kelas A (fixed income), Trimegah Dana Tetap Syariah Kelas A (sharia fixed income), and Trimegah TRAM Consumption Plus Kelas A (equity).
• ATM Network (BERSAMA, LINK, ALTO, GPN)coreTechnology or IntegrationBank Ganesha's ATM network is connected to national switching systems including ATM BERSAMA, ATM LINK, ALTO, and GPN (Gerbang Pembayaran Nasional) for seamless interbank transactions across Indonesia. Customers can perform transactions at thousands of ATMs across the country.
• BI-FAST (Bank Indonesia)coreTechnology or IntegrationBI-FAST is Bank Indonesia's national retail payment infrastructure that Bank Ganesha participates in, enabling real-time interbank transfers 24/7. BI-FAST transactions cost Rp 2,500 and are available through mobile banking, internet banking, ATM, and teller counters.
• BI-FASTcoreTechnology or IntegrationNational retail payment system developed by Bank Indonesia enabling 24/7 real-time fund transfers. Bank Ganesha offers BI-FAST through mobile banking, internet banking, ATM network, and teller counters with Rp 2,500 fee per transaction.
• LPS (Lembaga Penjamin Simpanan)coreOthersLPS is the Indonesian deposit insurance corporation that guarantees Bank Ganesha deposits up to Rp 2 billion per customer per bank. All Bank Ganesha deposit products are covered under LPS protection.
• OJK (Otoritas Jasa Keuangan)coreOthersOJK is the financial services authority that licenses and supervises Bank Ganesha. The bank operates under OJK supervision along with Bank Indonesia for payment system matters.
• Alfamart, Alfamidi, Alfa Express, DAN+DAN, Lawson, 7 ElevenminorChannel Partner/ Reseller/ DistributorPartner retail outlets for G-money cash top-up through Instant Top Up feature. Users can load funds at these convenience store locations throughout Indonesia.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Bank Neo Commerce: Digital-first Indonesian commercial bank (formerly Bank Yudha Bhakti) targeting young retail customers via mobile app. Competitor in the same KBMI tier with a strong digital-only focus, pressuring traditional players like Bank Ganesha.
• PT Bank Jago Tbk: Tech-led Indonesian commercial bank (backed by GoTo and Warburg Pincus) focusing on digital ecosystem banking. Represents the digital-native competitive frontier against which Bank Ganesha's NEW BANGGA must compete.

Direct peers

• Bank MNC Internasional: Indonesian private commercial bank part of the MNC Group, listed on IDX. Competes in similar KBMI tier with consumer, SME, and corporate banking offerings and a comparable digital channel strategy.
• Bank Capital Indonesia: Indonesian private commercial bank listed on IDX with KBMI 1/2 scale, offering consumer, SME, and treasury products. Closely comparable in size, product breadth, and customer segments.
• Bank National Nobu: Indonesian private commercial bank (formerly Bank Alfindo) targeting SME, consumer, and trade finance segments. Similar size tier and publicly listed, making it a directly comparable KBMI 1/2 peer.
• Bank Oke Indonesia: Indonesian digital-focused commercial bank targeting SMEs and unbanked customers with mobile-first banking. Comparable KBMI tier with an emphasis on financial inclusion similar to Bank Ganesha's MSME strategy.
• Bank IBK Indonesia: Indonesian KBMI 1 commercial bank focused on SME and consumer banking with digital channels. Directly comparable to Bank Ganesha in scale, regulatory category, and product mix.
• Bank Maspion: Indonesian private commercial bank listed on IDX with similar KBMI 1/2 scale, regional branch network concentrated in East Java, and a comparable product portfolio of consumer and SME banking services.

Broad incumbents

• Bank Mega: Established Indonesian private commercial bank in the CTF Corp group with broader digital and conventional offerings. Comparable in being a private Indonesian commercial bank but at a larger scale than Bank Ganesha.
• Bank Mayapada Internasional: Mid-tier Indonesian private commercial bank with broader branch network and product portfolio than Bank Ganesha. Provides a benchmark for the next-tier growth trajectory within private Indonesian banking.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/bankganeshaofficial
• Facebookfacebook.com/bankganesha
• LinkedInlinkedin.com/company/bankganesha
• Instagraminstagram.com/bankganesha

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BANK GANESHA