Bank BJB Prints IDR 606 Billion Profit In The First Quarter Of 2025

JAKARTA - PT Bank Pembangunan Daerah Jawa Barat dan Banten, Tbk (Bank BJB) again showed solid performance by recording positive performance growth throughout the first quarter of 2025.

In the midst of the challenges of global economic conditions, especially the impact of trade wars and business dynamics, Bank BJB managed to record a profit before tax of IDR 606 billion.

Not only profit, the achievement of Bank BJB is also reflected in the growth of assets which increased by 10.2 percent on an annual basis or year on year (yoy) to Rp223.1 trillion with the contribution of the Bank Business Group (KUB) also being one of the driving forces for Bank BJB's growth, where subsidiaries have contributed Rp38.8 trillion or 17.4 percent to total assets.

Loans and financing also recorded growth of 11.4 percent yoy to Rp145.4 trillion, with a strong boost from the contribution of subsidiaries of Rp27.1 trillion.

The consumer credit segment remains the main bike, growing 4.7 percent yoy, mainly supported by credit expansion for Government Employees with Work Agreements (P3K).

Bank BJB's digital innovation, such as the KGB Pisan platform, shows exponential growth, with the realization of 3,987 Number of Account (NoA) and outstanding loans of IDR 62.9 billion in less than a year since its launch.

This initiative strengthens Bank BJB's strategy in optimizing technology-based retail credit potential.

In terms of sustainability, Bank BJB also recorded advanced steps with a sustainable credit portfolio of IDR 17.7 trillion or 15 percent of the total credit portfolio, up 7.2 percent yoy.

Bank BJB has issued a first-stage Sustainable Bond of IDR 1 trillion and plans to issue the second phase this year, as a form of commitment to strengthening environmentally friendly and inclusive financing.

In collecting Third Party Funds (DPK), Bank BJB recorded DPK growth to balance lending provided by maintaining an optimal LDR.

The third party funds on a console were recorded at IDR 153.8 trillion, which was driven by a subsidiary company of IDR 27.0 trillion.

This achievement is inseparable from various strategic breakthroughs made by Bank BJB to accelerate business, one of which is through digitization that allows bank services to be easier and more comfortable for all customers.

DIGI Bank BJB, as the company's flagship mobile banking application, continues to show positive performance with the number of users who have now reached 2.3 million users with a transaction value of IDR 89.7 trillion in the last 12 months, growing 23.9 percent yoy.

This improvement proves the success of Bank BJB in adopting technological developments to expand the reach of its services.

In addition, Bank BJB's digital expansion can also be seen from the number of QRIS merchants which reached 1.3 million merchants, as well as the growth in the number of good-selling agents bjb BiSA, which now reaches 27,404 agents.

This network expands access to financial services to remote areas, strengthens Bank BJB's position in supporting national financial inclusion.

The full support of shareholders, especially the West Java Provincial Government as the largest shareholder, contributed greatly to the positive performance of Bank BJB.

The synergy between management and shareholders creates a solid foundation for future growth.

With adaptive strategies, consistent digital innovation, and good corporate governance practices, Bank BJB is optimistic that it can maintain a positive growth trend until the end of 2025.

Solid performance in the first quarter is an important capital to achieve targets throughout the year.

So that Bank BJB can make a bigger contribution to strengthening the national and regional economy.