Jakarta, 29 March 2023. PT Bank JTrust Indonesia Tbk (J Trust Bank/Bank) closed 2022 by recording a positive performance (profit) of IDR 86.6 billion from a net loss of IDR 445.4 billion in December 2021. This is a fact which is very good considering the socio-economic conditions after the Covid-19 pandemic which greatly affected the Bank's performance in 2022. This profit was driven by selective credit growth and prioritizing the principle of prudence and the growth of third-party funds (DPK).
As of December 2022, credit grew by 95 percent to IDR 19.53 trillion from the previous IDR 10.01 trillion as of December 2021 with 3 main supporting segments from Corporate, Linkage Multifinance, and Commercial & SME. In the development of sustainable finance, 15.4 percent of the total credit portfolio, or IDR 3 trillion is financing for sustainable business activities.
Meanwhile, on the deposit side through savings, demand deposits, and time deposits, the Bank collected DPK of IDR 25.66 trillion or grew 61 percent from the previous IDR 15.95 trillion at the end of December 2021. J Trust Bank is optimistic that it can continue to grow in credit and third-party funds in 2023.
As of December 2022, J Trust Co., Ltd. as the Controlling Shareholder of J Trust Bank, has made an additional capital injection of IDR 360 billion so that J Trust Bank has met the minimum Core Capital requirement of IDR 3 trillion before 31 December 2022.
The President Director of J Trust Bank, Ritsuo Fukadai expressed his confidence in the company's performance which will continue to grow “We would like to thank all the main stakeholders, namely customers who have always been loyal to J Trust Bank. Even though 2023 will still be filled with challenges and uncertainties, J Trust Bank is optimistic that the company's performance will continue to improve.”
