20250514_ARTO_Laporan Informasi dan Fakta Material_31885719_lamp2.pdf

PRESS RELEASE

        Bank Jago Holds Annual General Meeting of Shareholders
                         for Fiscal Year 2024


Jakarta, 14 May 2025 – PT Bank Jago Tbk held its Annual General Meeting of Shareholders
(AGMS) today for the 2024 fiscal year. The AGMS approved all agenda items presented during
the meeting, including the ratification of the company’s annual report for 2024 and changes to
the composition of the Sharia Supervisory Board.

As a tech-based bank, Bank Jago achieved positive results throughout 2024. This reflected the
bank's consistent focus on innovation and collaboration with its ecosystem, which had enabled it
to grow in a high-quality manner - in terms of customer base, third-party funds and loans.

By the end of 2024, Bank Jago had 15.3 million customers, including 12.1 million funding
customers using the Jago App. The increase in Jago App users positively impacted third-party
funds, which reached IDR 18.8 trillion at the end of 2024, marking a 56% growth compared to
2023.

On the loan distribution front, Bank Jago also recorded IDR 17.7 trillion in loans by the end of
2024, a 36% increase from 2023. This growth in credit led to total assets of IDR 28.5 trillion, up
34% from the previous year.

The bank’s sustainable business growth also contributed to improved profitability. In 2024, Bank
Jago recorded a net profit after tax of IDR 129 billion, a 78% increase compared to the 2023 net
profit of IDR 72 billion. “Innovation and collaboration, along with prudence, are key to
maintaining strong and healthy bank performance, especially amid current global economic
uncertainties,” said Bank Jago President Director Arief Harris Tandjung.

This year’s AGMS also appointed Sutan Emir Hidayat as a Member of the Sharia Supervisory
Board, with the term becoming effective upon passing the fit and proper test by the Financial
Services Authority (Otoritas Jasa Keuangan/OJK).

Sutan Emir is a professional and academic with over a decade of experience in national and
international Islamic economics and finance. He has also served as Director of Sharia
Ecosystem Infrastructure at the National Committee for Islamic Economy and Finance (KNEKS)
since July 2020.

“With his experience and capabilities, we believe Emir will contribute significantly to Bank Jago’s
future developments and innovations, particularly in the sharia banking business,” Arief added.