News Update
Wednesday, 22 Apr 2020
During the first quarter of 2020, PT Bank JTrust Indonesia Tbk. (J Trust Bank) managed to record a positive performance by booking net profit of Rp8,804 billion compared to the same period last year when the company still suffered net loss of Rp165,7 billion. The positive performance of the company is supported by an increase in net interest income by Rp85.07 billion as of March 31, 2020 compared to the same period last year of Rp29.44 billion.This is also supported by the success of management in increasing total assets to Rp19,50 trillion and having a Capital Adequacy Ratio (CAR) of 13,11% so that the company has adequate space to manage the business.J Trust Bank also booked growth of third party funds (DPK) about 14,44% to Rp14,66 trillion as of March 31, 2020 compared to the same period last year of Rp12,81 trillion. Meanwhile, J Trust Bank's Liquidity Coverage Ratio (LCR) is well maintained, reaching 187,92% as of March 31, 2020 or increase from 166,50% as of March 31, 2019.The company was also able to manage Non Performing Loan (NPL) ratio of 2,63%, decrease from the previous period of 5,60% while the net NPL of 0,89%, decrease from the previous period of 4,05%."We will continue to strengthen the business foundation in supporting future expansion plans. Not only by increasing more selective and prudent lending, but also focusing on developing businesses with good governance to anticipate the dynamic macroeconomic conditions," said President Director of J Trust Bank Ritsuo Fukadai.J Trust Bank is optimistic that the achievement of this positive performance will continue until the end of 2020, through various efforts to improve quality lending, operational efficiency and improve service to customers. In terms of lending, the company will focus on the commercial and retail segments, both directly and through J Trust Co., Ltd.'s business unit in the financing sector.The company's optimism is also driven by the commitment of the company's majority shareholder, namely J Trust Co., Ltd., as a leading financial institution in Japan and also listed on the Tokyo Stock Exchange. Total assets of J Trust Co., Ltd. as the controlling shareholder amounted to JPY731,268 billion or equivalent to Rp107.5 trillion as of December 31, 2019.J Trust Co., Ltd. has subsidiaries in the financial services sector, including banks, financing company, and credit cards that operate in various countries in Asia, such as South Korea, Cambodia and Mongolia. Technological excellence, long experience and extensive network in the financial sector will be a strong support for the company's solid and sustainable growth.
This year, J Trust Bank seeks to strengthen the funding side, such as increasing CASA through the launch of a lottery savings prize and the penetration of digital banking services. To improve services to customers, the Company has launched J TRUST NET Individual and J TRUST MOBILE services. J TRUST NET Individual is an internet banking service that can be accessed by customers using all types of internet browsers while J TRUST MOBILE is a mobile banking internet banking service that can be accessed using special applications available in the Google Play and App Store.Not only in terms of business, J Trust Bank also continues to strengthen the risk management and apply prudent principle to support the achievement of performance this year.The Company is aware of the difficulties experienced by the community due to the COVID-19 pandemic. Therefore, J Trust Bank will work together with the community to fight together the COVID-19 transmission, in accordance with the vision of J Trust Bank "To be a bank with pleasant service that makes Indonesian people happy by delivering new ideas and innovatife financial products.""This year, the national and global banking industry is suffering due to the weakening economy, impacted by the COVID-19 pandemic. We will prioritize the lending quality and focus on managing risk management so that our performance will be even better, "said Fukadai.
