News Update
Wednesday, 29 Sep 2021
Jakarta, 29 September 2021. PT Bank JTrust Indonesia Tbk holds the Incidental Public Expose was attended by President Director Ritsuo Fukadai along with the Company's Directors Felix I. Hartadi Tiono and Helmi A. Hidayat. On this occasion, the Company stated that the fundamental condition of the Company is in good condition with a solid capital and liquidity position.
The Controlling Shareholder of the Company, namely J Trust Co., Ltd. expressed their commitment and support for the fulfillment of the Company's capital in order to increase business expansion into a number of business sectors to achieve sustainable growth
Regarding the Company's corporate action plan in the form of Capital Increase with Pre-emptive Rights (PMHMETD), according to the resolution of the AGMS on 23 July 2021, the PMHMETD plan has been approved and management continues to coordinate with IDX and OJK to meet the requirements and procedures set, so that PMHMETD can be implemented. to strengthen the Company's capital.
The PMHMETD corporate action was aimed at building a stronger capital base for the Company, given its significant contribution to stock performance. The Company believes that the business expansion steps taken will boost profitability and increase share prices.
In the midst of challenging conditions against the COVID-19 pandemic, the Company's underlying business remains strong supported by strong liquidity conditions. Currently, the Company has a liquidity adequacy ratio of 149.15% and a net stable funding ratio of 169.63% for the position at the end of the June 2021 quarter.
