Jakarta, 29 July 2022 – PT Bank JTrust Indonesia Tbk (J Trust Bank) signed a cooperation agreement with PT Daya Kobelco Construction Machinery Indonesia (Kobelco Indonesia) for heavy equipment financing investment products. The signing of the cooperation was carried out by the President Director of J Trust Bank Ritsuo Fukadai and the President Director of Kobelco Indonesia Akifumi Yokomori at the Sahid Sudiman Center, Jakarta.
As the condition of the Covid-19 pandemic gradually recovers in Indonesia, J Trust Bank is optimistic that the construction, mining, and plantation sectors will bounce back. In response to this, J Trust Bank strengthened its commercial segment credit portfolio through a cooperation scheme with suppliers for Heavy Equipment Investment Loan products.
President Director of J Trust Bank, Ritsuo Fukadai, said, “We are delighted to have a partnership with Kobelco Indonesia, which has served the Indonesian market for more than 20 years. J Trust Bank is committed to playing an active role in economic growth in the construction, mining, and plantation sectors, therefore we are excited to market the Kobelco brand of heavy equipment financing products throughout Indonesia”.
J Trust Bank's Heavy Equipment Investment Loan product comes with a financing ceiling of Rp. 25 billion, a very affordable rate, and a financing period of up to 5 years. Through this financing product, it is expected to be able to contribute and maintain positive growth in J Trust Bank's credit performance.
Until the end of May 2022 the Bank recorded a profit where credit grew by 38 percent to Rp13.82 trillion from the previous Rp10.01 trillion as of December 2021. Meanwhile on the savings side through savings instruments, current accounts, and time deposits, J Trust Bank collected deposits of Rp. 19, 13 trillion or grew by 20 percent from the previous Rp. 15.95 trillion at the end of December 2021
