Jakarta, July 31, 2023. PT Bank JTrust Indonesia Tbk (J Trust Bank/Company) was able to continue its positive performance by recording a net profit of Rp90.62 billion in the second quarter of 2023 financial statements.
The catalyst in the performance improvement was triggered by gross credit growth to Rp21.70 trillion from Rp15.28 trillion or grew 42.00 percent YoY (Year-on-Year). While third party funds (DPK) were also seen to increase to Rp29.24 trillion from Rp20.18 trillion or by 44.87 percent YoY in the position of the second quarter of 2023 compared to the second quarter of 2022.
J Trust Bank continues to adhere to the principle of prudence so that the Bank's non-performing loan (NPL) ratio in the second quarter of 2023 continues to improve, with gross NPL at 1.62 percent and net NPL at 1.18 percent.
J Trust Bank's Capital Adequacy Ratio (CAR) was recorded at 13.51 percent in June 2023 with a core capital of Rp3.17 trillion which continues to comply with OJK Regulation No.12/POJK. 03/2020 concerning Commercial Bank Consolidation which requires banks to have a core capital of Rp 3 trillion.
Meanwhile, interest income was recorded to increase to Rp 1.17 trillion in the second quarter of 2023 from Rp 723.66 billion in the second quarter of 2022 or grew 62.32 percent YoY triggered by an increase in loan interest income.
For information, to support J Trust Bank's business performance in the development stage of the New Core Banking System with increased data warehouse capabilities and management information systems to make it more efficient and effective which is planned to be completed by the end of 2023. With the new core banking system J Trust Bank is confident that it can expand its business along with the development of more optimal services because it is supported by a capable system.
