News Update
Wednesday, 31 May 2023
Jakarta, May 31, 2023. PT Bank JTrust Indonesia Tbk (J Trust Bank/Company) held its Annual General Meeting of Shareholders which was attended by President Director Ritsuo Fukadai along with the Board of Directors and Board of Commissioners of the Company. A number of agendas discussed at the AGMS include (1) approval of the Annual Report of the Board of Directors for the Fiscal Year 2022 including the Report on the Implementation of the Supervisory Duties of the Board of Commissioners for the Fiscal Year 2022 and Ratification of the Company's Financial Statements for the Fiscal Year ended on December 31, 2022; (2) approval of Changes in the Management Structure of the Company and (3) report on the Realization of the Use of Proceeds from Limited Public Offering II - 2022 ("PUT II - 2022") in the context of Capital Increase with Pre-emptive Rights ("PMHMETD").
Closing the year 2022, J Trust Bank recorded a positive performance of IDR86.6 billion or grew IDR532 billion from a net loss of IDR445.4 billion in December 2021. This is a very good fact considering the socio-economic conditions after the Covid-19 pandemic which greatly affected the performance of the banking industry during 2022. This profit was driven by selective credit growth that prioritizes prudential principles and the growth of third party funds (DPK).
As of December 2022, credit grew by 95 percent to IDR 19.53 trillion from IDR 10.01 trillion as of December 2021. In the implementation of Sustainable Finance, especially green lending, J Trust Bank noted that IDR 3 trillion had been given to sustainable business activities or 15 percent of the total loan portfolio as of December 2022. The non-performing loan ratio continues to show improvement, namely gross NPL of 3.90 percent in 2021 to 1.80 percent in 2022 and net NPL of 2.32 percent in 2021 can be reduced to 1.31 percent in 2022.
Meanwhile, on the deposit side, through savings, current accounts, and deposits, the Bank collected deposits of IDR 25.66 trillion or grew 61 percent from the previous IDR 15.95 trillion at the end of December 2021. The Company continuously conducts campaigns and marketing programs to absorb customer and public funds, as one of the manifestations of the Company's value, namely "Customer First" by ensuring that the products and services provided meet customer needs more than providing competitive interest rates.
In addition, as the controlling shareholder, J Trust Co., Ltd. provides full support for the performance of J Trust Bank, one of which is through the fulfillment of the Bank's minimum core capital requirements which have reached more than Rp3 trillion before December 31, 2022, with a CAR ratio position as of December 2022 of 14.86 percent.
President Director of J Trust Bank, Ritsuo Fukadai expressed his confidence in the company's performance in 2023. Although this year will still be filled with challenges and uncertainties, J Trust Bank is optimistic about its future business prospects along with the improvement of its business performance.
