Bank Jago Records Net Profit of Rp 86 Billion for Q1-2026, with 24% Credit Growth

JAKARTA - PT Bank Jago Tbk (ARTO) recorded a net profit after tax (NPAT) of Rp 86 billion for the first quarter of 2026. This figure represents a 42% year-on-year increase compared to Rp 60 billion in the same period last year.

In terms of intermediation, Bank Jago noted credit disbursements of Rp 25.2 trillion by the end of March 2026. This amount grew 24% year-on-year from Rp 20.3 trillion in the corresponding period the previous year.

Bank Jago’s President Director, Arief Harris, stated that this achievement is inseparable from the strategy of collaborating with various partners, including ecosystems and digital platforms, financing companies, and other financial institutions.

“With a dynamic economic situation, Bank Jago is expanding credit while maintaining quality and prioritising prudence,” he said in an official statement on Tuesday (28/4/2026).

Credit growth also propelled Bank Jago’s total assets. By the end of March 2026, the bank’s assets reached Rp 39.5 trillion, a 22% increase from Rp 32.5 trillion in the same period the previous year.

By the end of the first quarter of 2026, Bank Jago served 19.4 million customers, including 15.2 million funding customers using the Jago App. The total number of Bank Jago customers increased by more than 3 million from 16.3 million at the end of the first quarter of 2025.

The growth in funding customers aligns with a 23% year-on-year increase in third-party funds (DPK). By March 2026, Bank Jago’s total DPK reached Rp 26.4 trillion, up from Rp 21.4 trillion in March 2025.

Of the total DPK, the portion of current account and savings account (CASA) was 53%, equivalent to Rp 13.9 trillion. The remainder came from deposits, contributing 47% or Rp 12.5 trillion.

“Now, the Jago App is not just a place for saving and transacting, but has become a place to grow customers’ finances more comprehensively,” he explained.

Additionally, Bank Jago maintained its capitalisation, as reflected in a capital adequacy ratio (CAR) of 29.9%. This provides ample room to support future business expansion. Meanwhile, the loan-to-deposit ratio (LDR) stood at 95%.

“In the midst of global and domestic economic dynamics, we remain cautious to keep the company’s performance healthy while seeking opportunities for sustainable growth,” Arief concluded.