Indonesian digital bank Bank Jago Tbk has recorded net profit after tax of around 109 billion rupiah ($6 million) in the third quarter of 2026, up by 51.3% from the corresponding period last year.
This quarter marks the highest net profit for the GoTo-backed bank this year. In Q1, the bank posted 86 billion rupiah, up 43.3%, while in Q2 it posted 103 billion rupiah, a 53.7% increase.
For the nine months ended September, the digital bank recorded net profit after tax of 298.1 billion rupiah ($16.3 million), up 49.7% from 199.1 billion rupiah ($11 million) in the same period last year.
The bank’s total assets reached 42.1 trillion rupiah ($2.3 billion) as of September 30, up 22% from 34.5 trillion rupiah ($1.8 billion) a year earlier.
“Focusing on quality growth, both in deposit collection and lending, has positively affected our performance and placed the bank’s fundamentals in a very strong position,” Bank Jago president director Arief Harris Tandjung said in a statement on Wednesday.
Bank Jago’s loans stood at 27.9 trillion rupiah ($1.5 billion) at the end of September, up 19% from 23.5 trillion rupiah ($1.3 billion) a year earlier. Third-party funds grew 21% to 28.9 trillion rupiah ($1.6 billion) from 23.9 trillion rupiah over the same period.
Current accounts and savings accounts (CASA) accounted for 53% of deposits, equivalent to 15.4 trillion rupiah ($847 million), while time deposits made up the remaining 47%, or 13.5 trillion rupiah ($742.5 million).
The bank reported a gross non-performing loan ratio of 0.9% at the end of September, while its capital adequacy ratio stood at 27.5%.
Bank Jago served 19 million customers at the end of September, including 13.1 million funding customers using its Jago app. Its partnerships with investment platforms Bibit and Stockbit had connected more than 3.6 million customers to investment products, including mutual funds, bonds and stocks.
The bank has continued to expand lending through digital ecosystem partners and financing companies, including BFI Finance, while developing direct lending to customers.
Tandjung said the bank would continue to focus on strengthening its fundamentals to support sustainable growth.
“We are optimistic that Bank Jago can grow faster as economic conditions improve next year,” he said.
In this quarter, Bank Jago has introduced a Credit Report feature on its Jago app as part of its commitment to responsible lending. The feature allows borrowers to access information about their credit health more easily and transparently, helping them better understand their financial capacity and make informed borrowing decisions based on their needs.
