The bank’s positive financial performance is reflected in its net profit after tax, which rose by 23% to IDR 50 billion from IDR 41 billion in H1 2023. Additionally, total assets grew by 29%, from IDR 18.9 trillion in H1 2023 to IDR 24.2 trillion in H1 2024.

Bank Jago’s capital adequacy ratio (CAR) stands at 50%, indicating robust capitalization to support future business expansion. Arief emphasized that the integration of digital innovation with solid financial management is key to Bank Jago’s continued growth and high-quality performance.

To provide further context, Bank Jago’s total third-party funds of IDR 14.8 trillion equate to approximately USD 986 million, based on the current exchange rate of IDR 15,000 per USD. This growth highlights both the bank’s strong internal performance and its position within the global economy and digital banking sector.

With consistent growth and quality credit maintenance, Bank Jago is solidifying its position as a leading player in Indonesia’s digital banking industry. This success reflects the bank’s capacity to innovate and adapt swiftly within a dynamic economic landscape. (Uki Ruknuddin)

Related posts:

  1. Not Targeting China, Exploring Indonesia’s Textile Import Tariffs: Focused on Industry Protection
  2. IAS Services Sets Sights on Industry Leadership
  3. Indonesian Task Force’s Rapid Response: Facilitating Repatriation of Deceased Migrant Worker from Japan
  4. AirAsia Launches Direct Flight from Manado to Kinabalu, Enhancing Regional Connectivity