News Update
Monday, 07 Nov 2022
Jakarta, October 31, 2022. PT Bank JTrust Indonesia Tbk (J Trust Bank) released its September 2022 financial report where the Bank recorded a net profit of Rp85.06 billion compared to a net loss of Rp337.94 billion in the same period in the previous year. This was mainly driven by gross loan growth of 75.79% to Rp17.61 trillion and growth in customer deposits of 47.80% to Rp23.57 trillion in September 2022 compared to December 2021.
Interest Income grew positively by 61.45% to Rp1.17 trillion from Rp723.48 billion in September 2021. This significant increase in interest income was mainly due to credit growth where the Bank ensures that credit expansion is carried out selectively and adheres to the prudential principle with the NPL ratio that continues to improve: Gross NPL 2.18% and Net NPL 1.53%
The condition of the Bank's capital is stronger with the addition of paid-in capital from the Controlling Shareholder, J Trust Co., Ltd. in September 2022 amounted to Rp117 billion, bringing the Bank's minimum core capital position to Rp2.76 trillion and the Bank's Minimum Capital Adequacy Ratio to 14.24%.
The President Director of J Trust Bank, Ritsuo Fukadai explained that the additional paid-in capital from J Trust Co., Ltd. This is a manifestation of the commitment of the Controlling Shareholders of J Trust Bank to fulfill the Bank's minimum core capital of at least Rp3 trillion before December 31, 2022. Solid fundamental conditions support J Trust Bank in facing uncertainty and taking advantage of business growth opportunities to continue to improve performance for the better in the future.
