By June 2025, Bank Jago’s total customers reached 17.2 million, including 13.7 million users of the Jago and Jago Syariah applications.

This is an increase of over 3 million users compared to 10 million customers in the same period last year.

Correspondingly, the bank’s third-party funds (DPK) rose by 51%, reaching IDR 22.4 trillion at the end of June 2025, up from IDR 14.8 trillion in mid-2024.

Credit Expansion Driven by Partnerships and App-Based Lending

Bank Jago’s credit portfolio grew 37% to IDR 21.4 trillion by June 2025, compared to IDR 15.7 trillion a year earlier.

The bank continues to rely on collaboration with partners such as digital ecosystems, financing companies, and other financial institutions.

Additionally, Bank Jago offers direct loans through its applications to meet customers’ financing needs.

The bank maintains cautious lending, reflected in a low gross non-performing loan (NPL) ratio of 0.3%, which is below the national banking average.

Asset Growth and Strong Financial Ratios

Assets increased 34% to IDR 32.4 trillion by June 2025 from IDR 24.2 trillion in the first half of 2024.

The loan-to-deposit ratio (LDR) was recorded at 96%, signaling a healthy liquidity position.

The capital adequacy ratio (CAR) was 35.9%, demonstrating solid capital strength to support future business expansion.

CEO Highlights Innovation and Ecosystem Collaboration

Bank Jago’s President Director Arief Harris Tandjung stated, “Observing potential risks from the challenging economic environment and identifying opportunities, we have succeeded in maintaining strong business growth momentum and building customer trust in our products and services.”

He added, “Collaboration with ecosystem partners remains a key contributor to our business. However, we recognize the importance of diversification, consistent innovation, and creating products and services that can significantly contribute to future business.”

Profit After Tax More Than Doubles

Bank Jago recorded a net profit after tax of IDR 127 billion for the first half of 2025, an increase of 154% from IDR 50 billion in the same period last year.

This growth reflects the combined positive momentum in fund collection and credit expansion.

PHOTO: INFOBANKNEWS

This article was created with AI assistance.