News Update
Thursday, 30 Jun 2016
Bank’s effort to increase low cost fund proportion, in lieu of lowering loan interest rate.
Jakarta, June 30th, 2016 – PT BANK JTRUST INDONESIA Tbk. ( J Trust Bank) today has issued promissory note which will have gradual transaction up to maximum Rp. 400 Billion. The promissory note will be absorbed entirely by The Saikyo Bank, Ltd. (Saikyo Bank) headquartered in Shunan, Japan. Agreement of Promissory Note (PN) from J Trust Bank to Saikyo Bank has been signed by both parties on June 10th, 2016.
According to J Trust Bank President Director, Ahmad Fajar, the promissory note is one of management effort to increase the bank’s low cost fund portion. Therefore, the bank could lower its cost of fund in support of policy to lower the loan interest rate as appealed by regulator.
Meanwhile, J Trust Bank Business Director Ritsuo Ando, states his confidence that there will be forthcoming cooperatives with other Japanese Banks and Business. And not limited to just funding-lending relationships, but also for building partnership that opens business opportunities in Indonesia.
J Trust Bank management is optimistic that the bank’s collaboration with Saikyo Bank would benefits both parties. Looking forward, J Trust Bank will continue to bring innovative collaboration, by taking advantage of each J Trust Group companies strengths and business network potential.
