Monday, 28 Oct 2024
JAKARTA, October 25, 2024 – PT Bank JTrust Indonesia Tbk (J Trust Bank/Company) held an Incidental Public Expose with four agendas related to the company’s performance and business plan which was attended by the Directors of J Trust Bank, Helmi A Hidayat and Felix I Hartadi.
J Trust Bank’s Director of Finance and Planning, Helmi A Hidayat, said, “The Company was able to maintain positive performance by recording a net profit of Rp 86.49 billion in the second quarter of 2024. With such strong financial performance, we are confident that we will be able to close the year 2024 with a positive and increasing profit margin.”
The catalyst for the improved performance was triggered by gross credit acquisition of Rp 27.12 trillion from Rp21.70 trillion or grew 24.97 percent YoY (Year-on-Year). Meanwhile, third party funds (DPK) also increased to Rp 34.36 trillion from Rp 29.24 trillion or by 17.53 percent YoY in the position of the second quarter of 2024 compared to the second quarter of 2023.
J Trust Bank always adheres to the principle of prudence so as to make the Bank’s NPL (non-performing loan) ratio in the second quarter of 2024 stable, with net NPL at 0.95 percent with J Trust Bank’s Capital Adequacy Ratio (CAR) recorded at 12.86 percent in June 2024.
The financial performance of J Trust Bank’s, which looks quite strong, ultimately makes the trend of J Trust Bank’s stock price movement (Stock Code: BCIC) to also move positively. This positive trend is especially evident since BCIC’s free float portion has increased from 4.26 percent to 5.19 percent. Since the improvement in the free float and the positive sentiment from the downward trend in benchmark interest rates (BI-Rate and Fed Rate), BCIC’s share price has been seen to move in an upward trend.
In the second quarter of 2024, J Trust Bank recorded two new milestones, namely, first, increasing the capacity in J Trust Bank’s digital banking. The new version of J Trust Bank’s internet and mobile banking comes with new features and appearance to meet the needs of customers.
Second, in April 2024 J Trust Bank launched the first ESG savings program called TORA Green Savings. Customers not only get various benefits from their savings features but automatically work together in planting mangroves and improving coastal areas on Harapan Island, Kepualuan Seribu.