News Update
Thursday, 12 Dec 2024
JAKARTA, December 11, 2024 – J Trust Bank (the Company) held an Annual Public Expose with four agendas related to the company's performance and business plans attended by the Directors of J Trust Bank, Helmi A Hidayat and Widjaja Hendra.
J Trust Bank's Director of Finance and Planning, Helmi A Hidayat said that the Company was able to maintain positive performance by recording a net profit of IDR 161.22 billion in the Financial Report for the Third Quarter of 2024. With strong financial performance like today, J Trust Bank has the confidence to close this year with positive performance.
The catalyst for the increase in performance was triggered by gross credit growth to IDR 28.13 trillion from the previous IDR 23.60 trillion or growing 19.22 percent YoY (Year-on-Year). Meanwhile, third party funds (TPF) also increased to IDR 34.18 trillion from IDR 29.73 trillion or 14.95 percent YoY in the position of Q3 2024 compared to Q3 2023.
This combination of growth ultimately made the Company's LFR (Loan to Funding Ratio) increase from 79.37 percent in Q3 2023 to 82.32 percent in Q3 2024.
While in the same period, the Company was also able to adhere to the principle of prudence so that the Bank's NPL (non-performing loan) ratio in Q3 2024 continued to improve, with gross NPL at 1.20 percent and net NPL at 0.91 percent.
In this performance presentation, several strategic plans of J Trust Bank are presented, one of which is strengthening capital (CAR) from 13.08% as of September 2024 to above 14% in 2025. Efforts will be made through profit growth, investor candidates, and corporate actions to increase Capital Deposit Funds and rights issues.
J Trust Bank's Business Director, Widjaja Hendra added that the Company continues to concentrate on expanding its business through the Commercial, Corporate, and Retail segments, of course in line with economic policies in this new government year. J Trust Bank is enthusiastic about supporting and serving stakeholders in the agriculture, manufacturing, infrastructure, and renewable energy sectors
In terms of corporate social responsibility, the Company continues to strengthen the three pillars of CSR, namely economic, social, and environmental through cross-stakeholder collaboration such as government, non-profit organizations, and communities. As of September 2024, J Trust Bank has carried out 16 (sixteen) CSR activities including, providing financial literacy for underprivileged communities, increasing the capacity of nano-micro entrepreneurs, planting mangroves, improving the quality of education and health of children in poor communities.
As additional information, in December 2024 J Trust Bank launched a savings program with a second ESG aspect called TORA Blue Ocean Savings. Customers not only get various benefits from savings but also work together to manage waste, especially plastic waste, to reduce marine pollution.
