Bank Jago Soars, Reaching Rp28 Billion in the First Half of 2022

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Reza Pahlevi 22/07/2022 11:00 WIB

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PT Bank Jago Tbk reported a net profit in the first half of 2022, compared to a net loss in the same period last year.

Bank Jago Net Income and Profit/Loss (Semester I 2021 vs. Semester I 2022)

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Bank Jago Net Income and Profit/Loss (Semester I 2021 vs. Semester I 2022)

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PT Bank Jago Tbk recorded a profit of Rp28.9 billion in the first half of 2022, reversing the loss incurred in the first half of the previous year.

This profit achievement is in line with the increase in Bank Jago's revenue from Rp139.08 billion in the first half of 2021 to Rp641.08 billion in the first half of 2022.

First-half revenue this year was driven by the disbursement of conventional and sharia financing, which grew by 234% year-on-year (yoy) to Rp7.26 trillion.

Bank Jago also recorded a net interest margin (NIM) of 10.8% with a capital adequacy ratio of 110%. This result is planned to be used for Bank Jago's business expansion.

Meanwhile, Bank Jago's third-party funds (DPK) grew by 253% (yoy) to Rp6.1 trillion. This DPK growth was driven by customer growth, which more than doubled in the last six months.

(Also Read: Survey: Bank Jago is the Most Popular Digital Banking Application)

Editor : Adi Ahdiat

"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."

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Bank Jago Soars, Reaching Rp28 Billion in the First Half of 2022

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