RUPST J Trust Bank Approves Changes to the Board of Directors and Strengthening the Company's Corporate Governance

Photo: Special

JAKARTA - PT Bank JTrust Indonesia Tbk (J Trust Bank) held the 2026 Annual General Meeting of Shareholders (RUPST) in Jakarta, Tuesday, June 30, 2026.

In the RUPST, shareholders approved all agendas submitted by the Company, including the Annual Report and Financial Statements for the 2025 fiscal year, amendments to the Articles of Association, the appointment of Public Accountants and Public Accounting Firms, the determination of remuneration for managers, and changes in the composition of the Company's Board of Directors and Board of Commissioners.

President Director of J Trust Bank, Ritsuo Fukadai, conveyed that the RUPST is the highest forum for the Company to obtain shareholder approval for the implementation of the Bank's management, including the performance of the Board of Directors and the implementation of the Board of Commissioners' supervisory duties.

The implementation of RUPST is also part of the Company's commitment to maintaining transparency to public investors and strengthening the implementation of good corporate governance principles.

Throughout 2025, the Company faces industry pressures and macroeconomic conditions that impact its financial performance.

In the midst of this condition, J Trust Bank chose to carry out its business strategy more selectively and carefully by focusing on strengthening fundamentals, portfolio quality, internal control, and measurable risk management.

"2025 is a period that requires discipline for the Company. We choose not to pursue growth aggressively, but rather strengthen the business foundation through governance, internal control, asset quality, and more measurable risk management. For us, healthy growth must be built prudently to be able to create long-term value for shareholders and all stakeholders," said Ritsuo Fukadai.

RUPST also approved changes to the Company's Articles of Association regarding the term of office of members of the Board of Commissioners from the previous 3 years to 4 years. This change is aimed at strengthening the continuity of the supervisory function of the Board of Commissioners in monitoring the implementation of business strategies, strengthening governance, and sustainable management of the Company's risk.

In addition, RUPST approved the change in the composition of the Company's board of directors. Shareholders approved the end of the term of office of R. Djoko Prayitno as Director of the Company and approved the appointment of Raja Pardede as Director of the Company.

The appointment of Raja Pardede will be effective after passing the assessment of ability and suitability from the Financial Services Authority and meeting the provisions of applicable laws and regulations.

The change in the management structure is part of the Company's efforts to maintain leadership continuity while strengthening management capacity in facing future business needs, governance, transformation, and risk management.

Thus, the composition of the Board of Directors of the Company is as follows:

Board of Directors

President Director: Ritsuo Fukadai

Deputy President Director: Masayoshi Kobayashi

Director: Felix I. Hartadi

Director: Helmi A. Hidayat

Director: Cho Won June

Director: Widjaja Hendra

Director: Raja Pardede

The appointment of Raja Pardede as Director of the Company will be effective after passing the assessment of the Financial Services Authority's ability and suitability and meeting applicable laws and regulations.

Board of Commissioners

President Commissioner: Nobiru Adachi

Commissioner: Nobuiku Chiba

Independent Commissioner: Benny Siswanto

Independent Commissioner: Abdullah Firman Wibowo

The Company also continues its commitment to sustainable finance through the development of green financing, environmental conservation programs, and corporate social responsibility activities that focus on the pillars of economy, society, and environment.

This commitment is part of the Company's efforts to integrate economic, social, environmental, and governance aspects into its long-term business strategy.

Ritsuo Fukadai added that the support of shareholders, regulators, customers, and employees is an important capital for J Trust Bank to continue the agenda of improvement and strengthen the business position of the Company.

"The support of shareholders, regulators, customers, and employees is an important capital for J Trust Bank to continue the agenda of improvement. In the future, we will maintain execution discipline, strengthen efficiency, and ensure that business growth remains within the corridor of governance and healthy risk management," added Ritsuo Fukadai.