News Update
Tuesday, 29 Nov 2022
Jakarta, 29 November 2022. PT Bank JTrust Indonesia Tbk (J Trust Bank/Company) held a Public Expose which was attended by President Director Ritsuo Fukadai and the Company's Directors Helmi A. Hidayat and Widjaja Hendra. On this occasion, the Company stated that the Company's financial performance was in very good condition supported by optimal credit growth and third party funds.
As of September 2022, the Company achieved a net profit of IDR 85.06 billion compared to a net loss of IDR 337.94 billion in September 2021. Credit growth increased quite high by 75.79% year-to-date (YTD) to IDR 17.61 trillion, of which IDR 5. 98 trillion or 34% is distributed in green financing or sustainability business. Third party funds grew positively by 47.80% YTD to IDR 23.57 trillion in September 2022 compared to December 2021. The company also has a liquidity adequacy ratio of 144.16% and a net stable funding ratio of 127.56% at the end of the quarter three, September 2022.
Furthermore, on the capital side, it is fully supported by J Trust Co., Ltd. as the Controlling Shareholder, the Company is optimistic that it will be able to make additional capital injections to meet the minimum core capital of IDR 3 trillion in mid-December 2022. After the additional capital injection, J Trust Bank will apply for approval to the Financial Services Authority to be considered as part of the main core capital component in the Minimum Capital Adequacy Requirement report for December 2022.
Previously, J Trust Co., Ltd. has made an additional capital deposit as part of the core capital component so that the Company's core capital was recorded at IDR 2.21 trillion on December 31, 2021. Meanwhile in 2022, J Trust Co., Ltd has made an additional capital injection in July 2022 of IDR 501. 86 billion and in September 2022 it was IDR 117.31 billion. So that as of September 2022 the Company's core capital is getting stronger to the position of IDR 2.76 trillion with the Bank's Minimum Capital Adequacy Ratio to 14.24%.
J Trust Bank continues to sharpen its business strategy and increase expansion into a wide range business sectors to achieve sustainable growth while adhering to the principle of prudence. One of the Company's strategic steps and focuses is to accelerate the implementation of the core banking system and its supporting devices. J Trust Bank is optimistic that it can immediately provide digital banking with qualified securities that suit customer needs and advanced technology.
On this occasion, J Trust Bank would like to thank and appreciate customers, shareholders and all stakeholders who have given their trust and loyalty.
