News Update
Friday, 27 May 2022
Jakarta, 27 May 2022. PT Bank JTrust Indonesia Tbk (J Trust Bank/Bank) held an Annual General Meeting of Shareholders which was attended by President Director Ritsuo Fukadai along with the Board of Directors and Board of Commissioners of the Bank. A number of agendas discussed at the AGMS included the approval of the Annual Report of the Board of Directors for Fiscal Year 2021 including the Report on the Implementation of the Supervisory Duties of the Board of Commissioners for Fiscal Year 2021 and Ratification of the Company's Financial Statements for the Fiscal Year ending 31 December 2021; report on the Realization of the Use of Proceeds from the 2021 Limited Public Offering in the context of Capital Increase with Pre-emptive Rights, and reappointment of the composition of the Bank's Board of Directors.
In 2021, J Trust Bank's performance shows good progress and achievements, in line with the gradual recovery of the national economy, supported by the implementation of appropriate and effective strategies by the goverment. Loans disbursed by the Bank increased by 36.25% from the previous year to Rp10.02 trillion in 2021. Customer deposits also increased by 22.05% from the previous year to Rp15.95 trillion in 2021. The growth in credit and customer deposits also followed by an improvement in the ratio of net non performing loans to 2.32% in 2021 compared to 2.72% in 2020 and an increase in the composition of CASA to 18.48% in 2021 compared to 14.70% in 2020.
In terms of capital, J Trust Bank has fulfilled the Bank's minimum core capital of at least Rp2 trillion, which is sourced from the capital deposit of the Bank's Controlling Shareholders so that the Bank's capital structure is getting stronger with the Bank's Minimum Capital Adequacy Ratio increasing to 15.82% in 2021 compared to 11.59% in the previous year. In addition, the Company's liquidity conditions also remain adequate with the increase in the liquidity adequacy ratio to 168.22% in 2021 compared to 147.13% in the previous year.
President Director of J Trust Bank, Ritsuo Fukadai expressed his confidence in the company's performance in 2022. “Although this year will still be filled with challenges and uncertainties, J Trust Bank is optimistic about the business prospects going forward in line with increasing national economic growth. J Trust Bank will continue to focus on realizing business plans, achieving sustainable growth, and making positive contributions to the community and society.”
