News Update
Friday, 15 Sep 2023
Jakarta, September 15, 2023. PT Bank JTrust Indonesia Tbk (J Trust Bank / Company) held a Public Expose which was attended by Deputy President Director Masayoshi Kobayashi and the Company's Directors Helmi A. Hidayat and Widjaja Hendra. On this occasion, the Company stated that the company's positive financial performance was still able to continue this year where the Company was able to record a net profit of Rp90.62 billion as of June 2023, an increase of 476.57 percent YoY (Year-on-Year).
The catalyst in the performance improvement was triggered by gross credit growth to Rp21.70 trillion from Rp15.28 trillion or grew 42.00 percent YoY. Meanwhile, third-party funds (DPK) were also seen to increase to Rp29.24 trillion from Rp20.18 trillion or by 44.87 percent YoY in the position of the second quarter of 2023 compared to the second quarter of 2022.
The Company was also able to record an improvement in terms of profitability where this can be seen from the Return-nn-Equity (RoE) ratio which amounted to 5.75 percent in the second quarter of 2023 from 1.45 percent in the second quarter of 2022. On the other hand, the Company is also able to carry out efficiency well where this can be seen from the ratio of Operating Expenses to Operating Income (BOPO) which is seen decreasing to 92.94 percent in the position of the second quarter of 2023 from 99.32 percent in the position of the second quarter of 2022.
J Trust Bank Business Director, Widjaja Hendra explained, J Trust Bank always adheres to the principle of prudence so that the Bank's Non-Performing Loan (NPL) ratio in the second quarter of 2023 continues to improve, with gross NPL at 1.62 percent and net NPL at 1.18 percent.
Furthermore, on the capital side, fully supported by J Trust Co., Ltd. as the Controlling Shareholder, J Trust Bank's Capital Adequacy Ratio (CAR) was recorded at 13.51 percent as of June 2023 with core capital of Rp3.17 trillion which continues to comply with OJK Regulation No.12/POJK. 03/2020 concerning Commercial Bank Consolidation which requires banks to have core capital of Rp3 trillion.
The Company continues to sharpen its business strategy by increasing expansion into the business, commercial, corporate, and retail segments to achieve sustainable growth while adhering to prudential principles.
In the aspect of corporate social responsibility, the Company continues to strengthen the three pillars of CSR namely economic, social, and environmental through cooperation across stakeholders such as government, non-profit organizations, and communities. As of June 2023, J Trust Bank has carried out 6 (six) CSR activities including the provision of clean water facilities, mangrove planting, tourism village development, and compensation to underprivileged community groups.
