Buy 22 Percent Of Jago Bank Shares, Are Gojek Looking For More?

Illustrated. (Irfan Meidianto / VOI)

JAKARTA - The song Ampun Bang Jago made by Jonathan Dorongpangalo (Tian Storm) and Everly Salikara (Everslkr) has been viral on the social media scene lately. However, in the business world, there is another Bang Jago that is hotly discussed, namely PT Bank Jago Tbk.

The banking company coded ARTO shares, on Friday, December 18 announced that 22 percent of its shares had officially become the property of PT Aplikasi Karya Anak Bangsa alias Gojek. This is one of Gojek's actions to seek profit or use it to reorganize its business, where the transportation business is not always profitable.

Gojek co-CEO Andre Soelistyo said that investing in Bank Jago is part of a long-term business strategy that will strengthen the growth and sustainability of Gojek's business going forward. The partnership with Bank Jago is a new achievement for Gojek in providing various solutions to everyday problems through technology.

"Technology-based banks such as Bank Jago will strengthen the Gojek ecosystem as well as open wider access to digital banking services for the Indonesian people. This is in line with the vision of the two companies to accelerate financial inclusion in Indonesia," said Andre quoted from the disclosure of information on the website. Indonesia stock exchange.

Meanwhile, President Director of Bank Jago, Kharim Siregar said that his party is proud and very much looking forward to working with Gojek, which has millions of consumers and business partners throughout Indonesia.

"We will complement each other because Jago Bank has experience and expertise in understanding the financial needs of the Indonesian people," he said.

Bank Jago was founded in 1992 under the name PT Bank Artos Indonesia (Bank Artos). In 2020, Bank Artos changed its name to PT Bank Jago Tbk as part of the company's transformation to become a technology-based bank (digital bank). This is in line with the company's aspiration to increase community growth opportunities through financial services by optimizing technology.

For information, Bank Jago shares experienced a very significant strengthening in today's trading, Monday 21 December. At 11.08 WIB, this stock coded ARTO jumped 480 points or 12.31 percent to the level of IDR 4,380 per share.