Bank Jago posts 49.7% rise in nine-month net profit
The Indonesian bank reported higher interest income, while lending rose 19% and customer deposits increased 21% from a year earlier.
Indonesia’s PT Bank Jago Tbk. (ARTO) reported net profit of Rp298.08 billion for the period ending 30 September 2026, up 49.7% from Rp199.13 billion a year earlier, according to its financial statements.
Interest income increased 28.0% to Rp3.16 trillion from Rp2.47 trillion. Although interest expenses rose to Rp855.41 billion from Rp689.59 billion, net interest income grew 29.6% to Rp2.30 trillion, compared with Rp1.78 trillion a year earlier.
Other income reached Rp419.33 billion, up from Rp245.29 billion. Income from commissions, provisions, fees and administration increased to Rp13.28 billion from Rp7.78 billion. Financial asset impairment charges also climbed, reaching Rp883.10 billion against Rp623.14 billion, while staff and other expenses rose.
Loans stood at Rp27.9 trillion at the end of September, a 19% increase from Rp23.5 trillion a year earlier. The bank’s gross non-performing loan ratio was 0.9%. Customer deposits grew 21% to Rp28.9 trillion from Rp23.9 trillion.
Current and savings accounts made up 53% of deposits, or Rp15.4 trillion, with term deposits accounting for 47%, or Rp13.5 trillion. The loan-to-deposit ratio declined to 96.60% from 98.21%.
In a statement dated 28 October 2026, Bank Jago president director Arief Harris attributed the performance to the bank’s emphasis on quality growth in deposits and lending.
Assets increased 22% to Rp42.1 trillion from Rp34.5 trillion in September 2025. The capital adequacy ratio stood at 27.5%. Bank Jago had 19 million customers at the end of September 2026, including 13.1 million funding customers.
