PT Bank Jago Tbk
ARTO.JK
Indonesia Stock Exchange1,015.00
IDR
-25.00
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PT Bank Jago Tbk
ARTO.JK
(Indonesia Stock Exchange)
Recent
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1,015.00
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yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- PT Bank Jago Tbk (ARTO.JK) operates as a technology-driven digital bank in Indonesia, offering life-focused digital financial solutions to retail consumers, mass market customers, and micro, small, and medium enterprises (MSMEs) through its Jago app and Jago Syariah app. The company provides a comprehensive range of conventional and sharia-compliant products and services, including savings accounts such as Tabungan Jago and Giro Jago; time deposits and certificates of deposit; specialized pockets like Saving & Spending Pockets, Locked Pockets, Shared Pockets, and Giveaway Pockets; lending solutions encompassing working capital loans, investment loans, consumer loans, multipurpose loans, partnership and ecosystem lending, Jago Dana Cepat digital cash loans, and sharia financing with murabahah bil wakalah contracts; bank guarantees; payment services including money transfers, QR transactions, FX transactions, and interbank networks; cards such as Visa Digital Pro Card, Artos card, and ATM cards; additional features like safe deposit boxes, payment points, pickup services, and Consolidated Asset View investment dashboard; as well as upcoming gold investment, wealth management, and insurance-linked digital lending products. Founded in 1992 in Bandung as PT Bank Artos Indonesia Tbk and headquartered at Jalan Doktor Ide Anak Agung Gde Agung No. 5, Jakarta, the bank renamed to PT Bank Jago Tbk in 2020 following strategic acquisitions by PT Metamorfosis Ekosistem Indonesia and Wealth Track Technology Limited, with non-controlling stakes held by Gojek's GoPay and GIC Private Limited. Geographically focused on Indonesia with operations segmented into DKI Jakarta and outside Jakarta, including a branch in Surabaya, Bank Jago emphasizes financial inclusion via collaborations with digital ecosystems like GoTo Group, Gojek, GoBiz, GoFood, Bibit, and APERD, serving over 15 million customers as of late 2024. Recent developments include appointment as RDN and Payment Bank administrator by PT KSEI for 2024-2029; launches of GoPay Syariah Savings, GoPay Tabungan by Jago, Visa Digital Pro Card, Jago Dana Cepat, and Consolidated Asset View in 2025; strong growth with loans reaching IDR 23.5 trillion and 35.8% year-over-year expansion through 9M25; net profit of Rp129 billion in 2024, up 78%; a Limited Public Offering II boosting capital to IDR 8.11 trillion; and sustained innovation in fintech partnerships to enhance cross-selling and non-interest income.