PT Bank Jago Tbk approved its annual report for the financial year 2025 during the Annual General Meeting of Shareholders (AGM) and confirmed the composition of its board of directors and commissioners for the 2026–2029 term in Jakarta (07/05).

During the AGM, shareholders also endorsed key corporate decisions, including the appointment of Nicholas Tan as a new director, subject to approval from the Financial Services Authority (OJK). The meeting marked a formal review of the bank’s performance and governance structure going forward.

Strong Growth in Customers, Deposits, and Loans in 2025

Bank Jago reported continued business expansion throughout 2025, driven by its position as a technology-based bank integrated into Indonesia’s digital ecosystem. The company recorded growth across its customer base, third-party funds, and credit distribution.

By the end of 2025, total customers reached 18.2 million, including 14.2 million funding customers using the Jago App. This growth in users was accompanied by higher financial activity across core banking services.

Third-Party Funds and Lending Rise 38 Percent Year-on-Year

The bank’s third-party funds (DPK) reached Rp25.9 trillion in 2025, increasing 38% compared to Rp18.8 trillion in 2024. Loan disbursement also rose by 38%, reaching Rp24.3 trillion from Rp17.7 trillion in the previous year.

This parallel growth in funding and lending reflected stronger business momentum throughout the year.

Profit Surges 115 Percent, Assets Reach Rp36.5 Trillion

Bank Jago recorded a net profit after tax of Rp276 billion in 2025, representing a 115% increase from Rp129 billion in 2024. The bank also reported total assets of Rp36.5 trillion, up 28% from Rp28.5 trillion in the previous year.

The company stated that these results were supported by continued collaboration with customers, partners, and stakeholders.

“We appreciate all customers, partners, and other Bank Jago stakeholders for their trust and collaboration so far. The achievements in 2025 continue to motivate us to innovate and collaborate in providing financial products and services that can improve the lives of millions of customers in Indonesia,” said Bank Jago President Director Arief Harris.

Shareholders Approve New Director Appointment for 2026–2029 Term

The AGM approved the appointment of Nicholas Tan as director for the 2026–2029 term, effective after OJK approval. He joined Bank Jago in January 2025 as Head of Retail Banking Business and is expected to play a larger role in expanding the bank’s retail segment.

Nicholas Tan is a graduate of Brown University in the United States and holds a doctorate from the University of Cambridge in the United Kingdom. He previously worked at OneConnect Financial Technology in Singapore and has experience in startups and business consulting.

“Nicholas will play more of a role in growing Bank Jago’s retail business into its next growth phase. We believe his presence will strengthen Bank Jago’s leadership in the national digital banking industry,” Arief added.

Bank Jago Announces Board of Directors for 2026–2029

Following the AGM decisions, Bank Jago confirmed its board of directors composition for the 2026–2029 term as follows:

• President Director: Arief Harris
• Compliance Director: Tjit Siat Fun
• Director: Sonny C. Joseph
• Director: Umakanth Rama Pai
• Director: Supranoto Prajogo
• Director: Nicholas Tan

Digital Banking Strategy and Ecosystem Integration

Bank Jago continues to position itself as a technology-based bank embedded in Indonesia’s digital ecosystem. The company focuses on developing financial solutions that support customer lifestyles through both conventional and sharia banking services.

The bank also continues to develop the Jago App, designed for integration within digital ecosystems and customizable according to user and partner needs.

PHOTO: BLOOMBERG

This article was created with AI assistance.

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