Shares of Bank Jago (ARTO), where GoTo is one of the shareholders, ended lower 4.76% to Rp16,000 on Thursday (Aug. 19), to make a market capitalization of Rp221.69 trillion, bigger than the combined market value of four established banks: Bank Tabungan Negara (BBTN), Bank Negara Indonesia (BBNI), Bank Danamon (BDMN), and Bank CIMB-Niaga (BNGA).

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