Indonesia’s Bank Jago Tbk turned the corner in the third quarter of 2021 by posting a net profit after tax (NPAT) of about 14 billion rupiah ($990,000).
The digital lender — backed by the homegrown superapp Gojek, Singapore’s GIC, and Ribbit Capital among other investors — saw its business receive a boost from a surge in loan disbursals, higher interest income, and manageable non-performing loans (NPLs), in the three months ended September 30, 2021.
