Supported By Credit Growth, Bank J Trust Books Profit Of IDR 111.34 Billion

PT Bank JTrust Indonesia Tbk recorded a net profit of IDR 111.34 billion in the Third Quarter Financial Report in 2023.

President Director of J Trust Bank, Ritsuo Fukadai explained that the catalyst in the increase in performance was triggered by gross credit growth to Rp23.60 trillion from the previous Rp17.61 trillion or grew 34.03 percent year on year (yoy).

Meanwhile, third party funds (DPK) also increased to Rp29.73 trillion from Rp23.57 trillion or 26.16 percent yoy in the third quarter of 2023 compared to the third quarter of 2022.

Then interest income was recorded to increase to Rp1.83 trillion in the third quarter of 2023 from the previous Rp1.17 trillion in the third quarter of 2022 or grew 56.85 percent yoy which was triggered by an increase in loan interest income. On the other hand, non-performing loans (NPL) banks in the third quarter of 2023 continued to improve, with gross NPL at the level of 1.50 percent and net NPL at 1.10 percent.

In the same period, the Company was also able to reduce the ratio of operating expenses to operating income (BOPO) from 97.83 percent in the third quarter of 2022 to 94.14 percent in the third quarter of 2023.

"The decline shows that the Company is able to carry out its operations more efficiently this year," said Ritsuo.

On the other hand, the Company was also able to maintain its capital to remain strong where the Company's Capital Adequacy Ratio (CAR) was recorded at 12.69 percent in September 2023 with a core capital of IDR 3.12 trillion. The Company's core capital condition was also able to continue to comply with OJK Regulation No.12/POJK. 03/2020 concerning Commercial Bank Consolidation which requires banks to have a core capital of IDR 3 trillion.