Jakarta, 14 May 2025 – PT Bank Jago Tbk held its Annual General Meeting of Shareholders(AGMS) today for the 2024 fiscal year. The AGMS approved all agenda items presented duringthe meeting, including the ratification of the company’s annual report for 2024 and changes tothe composition of the Sharia Supervisory Board.
As a tech-based bank, Bank Jago achieved positive results throughout 2024. This reflected the bank's consistent focus on innovation and collaboration with its ecosystem, which had enabled it to grow in a high-quality manner - in terms of customer base, third-party funds and loans.
By the end of 2024, Bank Jago had 15.3 million customers, including 12.1 million funding customers using the Jago App. The increase in Jago App users positively impacted third-party funds, which reached IDR 18.8 trillion at the end of 2024, marking a 56% growth compared to 2023.
On the loan distribution front, Bank Jago also recorded IDR 17.7 trillion in loans by the end of 2024, a 36% increase from 2023. This growth in credit led to total assets of IDR 28.5 trillion, up 34% from the previous year.
The bank’s sustainable business growth also contributed to improved profitability. In 2024, Bank Jago recorded a net profit after tax of IDR 129 billion, a 78% increase compared to the 2023 net profit of IDR 72 billion. “Innovation and collaboration, along with prudence, are key to maintaining strong and healthy bank performance, especially amid current global economic uncertainties,” said Bank Jago President Director Arief Harris Tandjung.
This year’s AGMS also appointed Sutan Emir Hidayat as a Member of the Sharia Supervisory Board, with the term becoming effective upon passing the fit and proper test by the Financial Services Authority (Otoritas Jasa Keuangan/OJK).
Sutan Emir is a professional and academic with over a decade of experience in national and international Islamic economics and finance. He has also served as Director of Sharia Ecosystem Infrastructure at the National Committee for Islamic Economy and Finance (KNEKS) since July 2020.
“With his experience and capabilities, we believe Emir will contribute significantly to Bank Jago’s future developments and innovations, particularly in the sharia banking business,” Arief added.
The following is the composition of Bank Jago’s Sharia Supervisory Board as approved in today’s AGMS:
- Chairman : Yulizar Djamaluddin Sanrego
- Member : Muhammad Maksum
- Member : Sutan Emir Hidayat
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About Bank Jago
Specifically built as a tech-based bank embedded within Indonesia’s digital ecosystem, Bank Jagoaspires to enhance the growth of millions through life-centric digital financial solutions. Bank Jagodevelops banking products and services, both conventional and sharia, that can be used by everyone, including retail (i.e., consumers), mass market, and micro, small, and medium enterprises (MSMEs).
Bank Jago develops Jago App, which is designed to be embedded within various digital ecosystems, andcan be customized and personalized so it can be compatible with their ecosystems, and also with theusers’ personal needs. The collaborations with various ecosystems enable users to live their life moreconveniently.
For further information please contact:
Marchelo
Corporate Communication
PT Bank Jago Tbk
