J Trust Bank Optimistic To Achieve Positive Performance In 2024

PT Bank JTrust Indonesia Tbk (J Trust Bank/Perseroan) is optimistic about its performance throughout 2024. (Photo: Aris Nurjani/VOI)

JAKARTA - PT Bank JTrust Indonesia Tbk (J Trust Bank/Perseroan) is optimistic that the performance throughout 2024 will remain positive even though in the midst of increasing geopolitical tensions and the continuing uncertainty of macroeconomic conditions.

President Director of J Trust Bank, Ritsuo Fukadai said that J Trust Bank ended in 2023 by earning a profit for the year of IDR 27.9 billion, this profit was driven by selective credit growth and put forward the principles of prudence, growth of third party funds (DPK) supported by effective marketing strategies, as well as various innovations in the Company's products and services.

The growth in gross loans continued to grow by 22.3 percent (yoy) to Rp23.9 trillion.

The credit quality is well maintained with loans that are given a neto problem of 0.7 percent.

In addition, customer deposit growth also continued, growing 24.7 percent (yoy) to IDR 32.0 trillion.

Strong interest income growth and continued cost control contributed to the strong performance of the Bank, resulting in a net profit this year of IDR 27.9 billion.

He said the capital adequacy ratio was 14.04 percent and the Liquidity Adequacy Ratio was 120.35 percent, which showed that J Trust Bank was in a good position to anticipate challenging conditions and take advantage of growth opportunities, as well as implement sustainability programs to support environmental resilience.

Ritsuo expressed his confidence in the company's performance in 2024 although this year it will still be covered by challenges and uncertainties, J Trust Bank is optimistic about its future business prospects in line with the increase in national economic growth.

"J Trust Bank will continue to focus on realizing business plans, achieving sustainable growth, and making a positive contribution to the community and society," he said at the Annual General Meeting of Shareholders, Friday, June 28.

In 2023 the company also noted the momentum of increasing commitment to climate change mitigation efforts, achieving the Net Zero Emission target and implementing the sustainability aspect.

He conveyed that through the existence of the Sustainable Committee, the Board of Directors will assist in the development of business activities that always consider, harmonize, and integrate the interests of economic, social, and environmental aspects.

"The total financing for Environmentally Introspective Business Activities (KUBL) occupies a portion of 24.08 percent of the Company's total credit portfolio in 2023," he concluded.