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News Update

J Trust Bank Conducts Extraordinary General Meeting of Shareholders

Category : Corporate

Friday, 03 Mar 2023

Jakarta March 3, 2023. Today an Extraordinary General Meeting of Shareholders (EGMS) of PT Bank JTrust Indonesia Tbk (J Trust Bank/Company) was held. In the EGMS, a number of important decisions were approved by the shareholders as follows:

  1. In order to strengthen the Company's capital structure, the Shareholders approve Capital Increase with Pre-emptive Rights
  2. Approved the appointment of Masayoshi Kobayashi as Deputy President Director of the Company, effective from receipt of the approval decision on the results of the fit and proper test from the Financial Services Authority (OJK) and complied with the applicable laws and regulations.

 

In connection with the additional Capital Deposit Fund from J Trust Co., Ltd. as the Controlling Shareholder of the Company which has been done previously in fulfilling the minimum core capital requirement of IDR 3,000,000,000,000, - the Company realizes the additional Capital Deposit Fund to become additional Issued and Fully Paid Capital through the implementation of Pre Emptive Right Issue through Limited Public Offering III – 2023.

 

The number of shares to be offered in Pre Emptive Right Issue through Limited Public Offering III – 2023 is a maximum of 10,000,000,000 (ten billion) Series C Shares with a nominal value of Rp. 100,- (one hundred Rupiah) per share which will be offered at a price to be determined and announced later in the Pre Emptive Right Issue Prospectus by taking into account the applicable rules and regulations.

 

On the same occasion, the J Trust Bank President Director Ritsuo Fukadai stated that the Company has prepared strategic steps to face 2023 which are quite challenging, including encouraging prudent and quality credit distribution, increasing third party funds, especially the portion of low-cost funds, to supporting corporate action plans towards implementing finance sustainable. The addition of members of the Company's Board of Directors was carried out to support the accelerated growth of more optimal performance.

 

Ritsuo Fukadai explained, in the third quarter of 2022 the company managed to record a positive performance where J Trust Bank earned a net profit of IDR 85.06 billion compared to a net loss of IDR 337.94 billion in the same period the previous year. This was mainly driven by a gross credit growth of 75.79% to IDR 17.61 trillion and a growth in customer deposits of 47.80% to IDR 23.57 trillion in September 2022 compared to December 2021.

By: jtrust

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