Jakarta, February 17, 2025 – Amidst the hustle and bustle of the political year and economic challenges in Indonesia as well as global economic uncertainty with complex geopolitical dynamics, PT Bank JTrust Indonesia Tbk (J Trust Bank/Bank) was able to close the year 2024 by recording positive performance and growth.
As of December 31, 2024, loans grew by 11.09 percent yoy to Rp26.53 trillion from Rp23.88 trillion as of December 31, 2023 with well-maintained credit quality where the NPL ratio is in a healthy condition at 1.43 percent (net).
The Bank’s loan growth was supported by healthy capitalization with a CAR ratio of 13.9 percent and healthy liquidity conditions with LCR at 121.84 percent as well as growth in customer deposits through the Bank’s savings, current accounts, and deposits instruments to Rp 33.90 trillion or grew 5.9 percent from the same period the previous year
In the development of green financing, the Bank noted that 8.7 percent of the total loan portfolio or Rp 2.32 trillion was financing to environmentally friendly business activities (KUBL) in accordance with the technical guidelines for banks related to the implementation of POJK Number 51/POJK.03/2017 concerning the implementation of sustainable finance for financial services institutions (LJK), issuers, and public companies.
The year 2024 is also the momentum for J Trust Bank in strengthening its commitment to the implementation of corporate sustainability aspects. Through the launch of two green savings programs, TORA Green Savings and TORA Blue Ocean Savings, J Trust Bank not only provides a variety of savings benefits but also facilitates customers to spread goodness to the environment through mangrove planting and plastic waste management.
President Director of J Trust Bank, Ritsuo Fukadai expressed his confidence in the company’s performance that will continue to grow, “We would like to thank all key stakeholders, namely customers who have always been loyal to J Trust Bank. Although the year 2025 will still be filled with challenges and uncertainties, J Trust Bank is optimistic that the company’s performance will continue to improve.”
To achieve higher quality growth, J Trust Bank has set three main focuses in 2025, namely (1) loan and deposit growth; (2) profitability and efficiency; and (3) credit quality, liquidity, and capitalization.
