J Trust Bank Establishes Cooperation In Providing KPA Facilities For The BRANZ Project

President Director of PT Bank JTrust Indonesia Tbk Ritsuo Fukadai (second from the left). (Photo: Aris Nurjani/VOI)

JAKARTA PT Bank JTrust Indonesia Tbk (J Trust Bank) signed a cooperation agreement with PT TOKYU LAND INDONESIA (Tokyu Land) a subsidiary of Tokyu Land Holding Corporation, Japan to finance apartment ownership (KPA) for the BRANZ Mega Kuningan project in Jakarta.

Present at the signing of the cooperation session were President Director J Trust Bank Ritsuo Fukadai and Director of BRANZ Mega Kuningan Yusuke Takeda.

BRANZ Mega Kuningan is located in the Jakarta business center, with easy access to office buildings, shopping centers, embassies, and other public facilities to support the urban lifestyle.

The project was developed by Tokyu Land with high-quality construction and innovative design, combining expertise and attention to typical Japanese details in modern and luxurious designs.

In terms of sustainability, BRANZ Mega Kuningan uses sustainable construction and a high energy efficiency system and adequate green areas to support a healthy and comfortable environment and quality of life.

President Director of J Trust Bank Ritsuo Fukadai said that his party was very enthusiastic in supporting the market trend of apartments that were growing again and positive in Indonesia.

"J Trust Bank has prepared superior KPR products with a very competitive, affordable rate, and a special financing period of up to 30 years," he said in Jakarta, Tuesday, July 23.

Fukadai conveyed that to facilitate property ownership, J Trust Bank has a leading program, namely TSUMUGU, namely KPR/KPA products that offer several interesting features such as a loan period of up to 30 years and a special interest rate of 2.95 percent per year and without down payment fees, appraisal costs, and administrative costs.

Fukadai conveyed that this mortgage/KPA financing facility is one of the optimism of the J Trust Bank for the property industry in Indonesia.

"The provision of this financing facility is also expected to meet the demands of the community, most of whom choose installments through banks," he explained.

According to him, this is J Trust Bank's commitment to support people who have quality housing and have the value of growing investment.

"We are committed to contributing to the development and improvement of the quality of life of the Indonesian people in a better and more environmentally friendly direction. This collaboration between J Trust Bank and Tokyu Land is a joint effort in realizing one of the goals of the SDGs, especially the 11th goal, namely Sustainable City Development", concluded Fukadai.

For information, until the first quarter of 2024, the company posted a net profit of IDR 44.02 billion, or a decrease of 39.9 percent year on year (yoy) when compared to the first quarter of 2023, which was valued at IDR 73.23 billion.

Meanwhile, in the first quarter of 2024, the company has disbursed loans of IDR 26.1 trillion, or an increase of 30.15 percent (yoy), when compared to the same period in the previous year of IDR 20.06 trillion.