PT Bank Jago Tbk Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022
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PT Bank Jago Tbk reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net interest income was IDR 316,314 million compared to IDR 33,474 million a year ago. Net income was IDR 18,935 million compared to net loss of IDR 38,131 million a year ago. Basic earnings per share from continuing operations was IDR 1.37 compared to basic loss per share from continuing operations of IDR 3.51 a year ago. Diluted earnings per share from continuing operations was IDR 1.37 compared to diluted loss per share from continuing operations of IDR 3.51 a year ago.
PT Bank Jago Tbk is an Indonesia-based company primarily engaged in the banking business. The Bank offers various banking products and services that are categorized into funding and lending activities, along with other supporting banking services. It offers Jago, a digital banking financial application that allows customers to manage their financial transactions. The Bank offers funding products, including current account, savings, time deposit, Wadiah current account with wadiah contract yad dhamanah, Wadiah savings with wadiah yad dhamanah contract and Mudharabah deposits with mudharabah muthlaqah contracts. Its lending products include working capital credit, investment credit, consumer credit, multipurpose credit, bank guarantee and others. Its other banking services include Payment of monthly bills, Remittance/RTGS/SKN, Inter-cities warkat invoices, In-city warkat invoices - clearing, ATM Bersama and Alto Network, Customer Fund Account (RDN) and Debit Card.