News Update
Monday, 19 Sep 2022
Jakarta, 19 September 2022, PT Bank JTrust Indonesia, Tbk conduct a cooperation agreement with PT Kobexindo Tractors Tbk on Friday, 16 September 2022 at The 20th International Mining & Mineral Recovery Exhibition, Jakarta International Expo, Kemayoran Jakarta. In addition, J Trust Bank also signed a Heavy Equipment Investment Credit Agreement with PT Chandra Sakti Utama and PT Hasnur Riung Sinergi on September 16, 2022 and September 19, 2022, at the Sahid Sudirman Center, Jakarta.
As of August 2022, Commercial & Small Medium Enterprise (CSME) segment is the main contributor J Trust Bank’s business growth. The CSME segment grew by Rp.1.62 trillion or increased by 32% from the position in December 2021. This increase in the loan portfolio was particularly in the manufacturing, mining and quarrying industries, as well as agriculture, forestry, and fisheries.
J Trust Bank released its quarterly financial report for June 2022 where the Bank achieved a net profit of Rp. 15.72 billion compared to a net loss of Rp. 295.53 billion in the same period the previous year. This was mainly driven by credit growth - gross by 52.57% to Rp15.28 trillion and growth in customer deposits by 26.57% to Rp20.18 trillion in June 2022 compared to December 2021.
The position of J Trust Bank’s capital position in August 2022 is getting stronger where the core capital of the Company is recorded at Rp. 2.66 trillion or above the minimum core capital requirement of Rp. 2 trillion. J Trust Bank is committed to fulfilling the Bank's minimum core capital of at least Rp 3 trillion before December 31, 2022
With strong fundamental conditions, this will support the Bank in facing uncertainty and take advantage of business growth opportunities to continue to improve performance for the better in the future.
