Gojek-backed Bank Jago swings to profit in H1 2022 as loan and sharia financing surges

Gojek-backed Bank Jago swings to profit in H1 2022 as loan and sharia financing surges

Customers can open a Bank Jago account from Gojek app. (Photo courtesy of Bank Jago and GoPay)

Gojek-backed digital lender Bank Jago posted a net profit of 29 billion rupiah ($1.93 million) in the first half of 2022, compared with a net loss of 47 billion rupiah ($3.14 million) in the same period last year, per an announcement.

The lender’s loan and sharia financing reached 7.26 trillion rupiah in Jan-June 2022, surging 234% from the same period last year when it had stood at 2.17 trillion rupiah.

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