Jakarta, 17 December 2024 – PT Bank Jago Tbk held an Extraordinary General Meeting of Shareholders (EGMS), approving the resignation of Peterjan van Nieuwenhuizen as a member of the Board of Directors. His resignation as a director will take effect on 1 January 2025.
"As someone who helped build Bank Jago from the start, Peterjan played a significant role in the development of the Jago App and in crafting collaboration strategies with ecosystems and strategic partners. With all the achievements we have made together, Peterjan aspires to explore new career opportunities at a regional level," said Bank Jago CEO Arief Harris Tandjung.
The EGMS also approved the resignation of Teguh Dartanto as an independent commissioner, effective upon the approval of the replacement commissioner candidate by the Financial Services Authority (OJK).
Teguh Dartanto joined Bank Jago as an Independent Commissioner in 2020, performing his oversight duties and responsibilities exceptionally well. With his background as an academic and economist, Teguh provided invaluable advice and recommendations, contributing significantly to Bank Jago's development as one of the leading technology-based banks in Indonesia.
"On behalf of the Board of Commissioners, Directors, and all employees of Bank Jago, I would like to express our deepest gratitude and highest appreciation to Mr. Teguh Dartanto and Peterjan van Nieuwenhuizen for their leadership and dedication, which laid a strong foundation for Bank Jago's long-term business growth," said Arief.
The EGMS also appointed Mahdi Syahbuddin as a commissioner, with his term effective upon OJK approval and lasting until the 2026 Annual General Meeting of Shareholders (AGMS). Mahdi Syahbuddin is a seasoned banker with over 35 years of experience, having started his career at Citibank, Bank Universal, BTPN Syariah, and BTPN.
Following these changes, the composition of Bank Jago's Board of Commissioners and Directors as approved by the EGMS is as follows:
President Commissioner : Jerry Ng
Commissioner : Anika Faisal
Independent Commissioner : Arief Tarunakarya Surowidjojo
Independent Commissioner : Mahdi Syahbuddin (effective upon approval from the OJK)
President Director : Arief Harris Tandjung
Compliance Director : Tjit Siat Fun
Director : Sonny Christian Joseph
Director : Umakanth Rama Pai
Director : Supranoto Prajogo
As of Q3-2024, Bank Jago’s funding customers through the Jago App have exceeded 11.1 million. Including lending customers, the total number of Bank Jago customers has reached 14.1 million.
The growth in Jago App users aligns with the increase in third-party funds (DPK), which reached IDR 16.9 trillion by the end of Q3-2024, marking a 64% growth compared to IDR 10.3 trillion in the same period last year. Through collaborations with various partners, such as digital ecosystems, financing companies, and other financial institutions, Bank Jago successfully disbursed loans totaling IDR 17.3 trillion by the end of Q3-2024, a 59% increase from IDR 10.9 trillion in the same period last year.
Bank Jago's total assets stood at IDR 26.8 trillion as of September 2024, a 40% growth from IDR 19.1 trillion in the same period last year. The bank also recorded a net profit after tax of IDR 86 billion, a 71% increase from IDR 50 billion as of September 2023.
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About Bank Jago
Specifically built as a tech-based bank embedded within Indonesia’s digital ecosystem, Bank Jago aspires to enhance the growth of millions through life-centric digital financial solutions. Bank Jago develops banking products and services, both conventional and sharia, that can be used by everyone, including retail (consumer), mass market, or micro, small and medium enterprises (MSME).
Bank Jago develops Jago App, which is designed to be embedded within various digital ecosystems, and can be customized and personalized so it can be compatible with their ecosystems, and also with the users’ personal needs. The collaborations with various ecosystems enable users to live their life more conveniently.
For further information please contact:
Marchelo
Corporate Communication
PT Bank Jago Tbk
[email protected]
