Jakarta, 24 July 2025 – PT Bank Jago Tbk recorded another strong performance in the first half of 2025. As a tech-based bank that emphasizes innovation and collaboration with the digital ecosystem, Bank Jago has successfully maintained consistent business growth in terms of customer base, third-party funds, and loans.
As of June 2025, Bank Jago’s total number of customers reached 17.2 million, including 13.7 million funding customers using the Jago and Jago Syariah apps. This marked an increase of more than 3 million users compared to the same period last year, which stood at 10 million.
The increase in the number of funding customers aligned with Bank Jago’s third-party funds, which reached IDR 22.4 trillion by the end of June 2025. This represented a 51% increase compared to IDR 14.8 trillion in the same period last year.
“Observing the potential risks in today’s challenging economic environment and identifying available opportunities, we have managed to sustain strong business growth momentum and build customer trust in our products and services,” said Arief Harris Tandjung, President Director of Bank Jago.
In terms of lending, Bank Jago disbursed IDR 21.4 trillion in loans by the end of June 2025, a37% increase from IDR 15.7 trillion at the end of June 2024. The bank continued to rely on apartnership strategy for loan distribution, collaborating with various partners such as digitalecosystems, financing companies, and other financial institutions.
Observing the growth of customers’ financial needs, Bank Jago has also introduced an app-based direct lending. All loan disbursements were carried out prudently, reflected in a low gross non-performing loan (NPL) ratio of 0.3%, well below the national banking average.
“Collaboration with ecosystem partners remains a major contributor to our business. However, we recognize the importance of diversifying, consistently innovating, and creating products and services that will contribute significantly to future growth,” Arief added.
Loan growth has driven Bank Jago’s total assets to IDR 32.4 trillion, a 34% increase from IDR 24.2 trillion at the end of the first half of 2024. Supported by positive growth in both third-party funds and loans, Bank Jago posted a net profit after tax of IDR 127 billion, up 154% from IDR 50 billion in the first half of 2024.
The loan-to-deposit ratio (LDR) stood at 96%, indicating healthy liquidity levels. Liquidity was further supported by a strong capital adequacy ratio (CAR) of 35.9%, demonstrating robust capital to support future business expansion.
“These achievements continue to motivate us to keep innovating and collaborating within the digital ecosystem so we can provide better services for our customers and drive sustainable growth,” Arief concluded.
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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 (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
