20241029_ARTO_Laporan Informasi dan Fakta Material_31750231_lamp1.pdf

PRESS RELEASE

                   Bank Jago Consistently Grows in Q3-2024

Jakarta, 28 October 2024 - PT Bank Jago Tbk continues to grow its business through
Q3-2024. Strengthened innovation and collaboration with the digital ecosystem have
sustainably boosted Bank Jago's performance in terms of customer numbers, third-party funds
(DPK), and loan disbursement.

As of the end of Q3-2024, the number of funding customers using the Jago App has exceeded
11.1 million. Including lending customers, Bank Jago's total customer base reaches 14.1 million.
Of the funding customers on the Jago App, over 67% come from ecosystem partners, including
the GoTo ecosystem and the Bibit online mutual fund platform, seamlessly integrated with the
Jago App.

"We believe that collaboration with the digital ecosystem, combined with various digital
innovations and the implementation of a sustainable business and fundamental strategy, is the
right business model for growing Bank Jago," stated Bank Jago President Director Arief Harris
Tandjung.

The growth of Jago App users aligns with DPK, which reached IDR 16.9 trillion by the end of
Q3-2024, growing 64% from the same period last year, which was IDR 10.3 trillion. Of this
third-party funds, 57% or IDR 9.6 trillion is in current accounts and savings accounts (CASA),
while the remaining 43% or IDR 7.3 trillion is in term deposits (TD).

Through collaborations with various partners, including ecosystems, digital platforms, financing
companies, and other financial institutions, Bank Jago successfully disbursed loans totaling IDR
17.3 trillion by the end of Q3-2024, marking a 59% growth from IDR 10.9 trillion in the same
period last year.

Loan disbursement is managed with quality and a focus on prudence, reflected in a low
non-performing loan (NPL) gross ratio of 0.2%.

Quality loan growth has pushed Bank Jago's assets to IDR 26.8 trillion as of September 2024,
growing 40% from IDR 19.1 trillion in the same period last year. The capital adequacy ratio
(CAR) reached 45.6%, demonstrating a strong capital level to support future business
expansion.

Consistently maintaining quality and sustainable business growth has also improved Bank
Jago’s profitability. As of September 2024, Bank Jago recorded a net profit after tax of IDR 86
billion, a 71% increase from IDR 50 billion in September 2023.