Jago Bank's ARTO Soars 178% in Q1 2025

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Nabilah Muhamad 28/04/2025 18:01 WIB

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PT Bank Jago Tbk (JAGO) closed the first quarter of 2025 with positive performance. This digital bank's year-to-date net profit reached Rp60.27 billion in Q1 2025, a surge of 178% year-on-year (YoY).

Bank Jago Revenue* and Net Profit, Q1 (2023-2024)

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Bank Jago Revenue* and Net Profit, Q1 (2023-2024)

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PT Bank Jago Tbk (JAGO) closed the first quarter of 2025 with positive performance. As of the end of March 2025, the digital bank's net profit for the year reached Rp60.27 billion.

This achievement soared 177.66% year-on-year (yoy) from Rp21.7 billion in the same period last year.

In line with this, JAGO recorded net interest and sharia income of Rp591.47 billion in Q1 2025. This income grew by 71.47% from Rp344.93 billion in Q1 2024.

Bank Jago's President Director, Arief Harris Tandjung, explained that the growth in Q1 2024 was driven by an increase in the number of customers, third-party funds (DPK), and credit disbursement.

In Q1 2025, Bank Jago served 16.3 million customers, including 13 million funding users of the Jago application, an increase of 4 million customers from the end of Q1 2024.

Current account savings accounts (CASA) dominated DPK at 54%, while the remaining 46% consisted of deposits.

In terms of credit disbursement, as of the end of March 2025, Bank Jago had disbursed Rp20.3 trillion, up 42% year-on-year (yoy).

“With the global economic situation experiencing uncertainty, we are striving to maintain the bank's positive performance and healthy growth while continuing to monitor potential risks from existing volatility,” said Arief in a written statement on Friday (April 25, 2025).

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."