GoTo-backed, Indonesia-listed digital bank Bank Jago posted a 54% year-on-year increase in net profit in the second quarter of 2026, driven by stronger lending and growth in deposits, according to its financial statements.
The bank reported that its net profit for the April-June period rose to 103 billion rupiah from 67 billion rupiah a year earlier. Interest income increased 30% year-on-year to 1.04 trillion rupiah, while net interest income climbed 33% to 763 billion rupiah. Operating income climbed 34% to 912 billion rupiah.
For the first six months of 2026, Bank Jago posted net profit of 189.1 billion rupiah ($10.5 million), up 49% from 127.1 billion rupiah ($7.07 million) a year earlier.
Bank Jago’s total loans grew 24% to 26.6 trillion rupiah at the end of June, compared with 21.4 trillion rupiah a year earlier. Customer deposits rose 23% to 27.6 trillion rupiah from 22.4 trillion rupiah, with current account and savings account (CASA) deposits accounting for 53% of the total. Total assets increased 28% to 41.4 trillion rupiah from 32.4 trillion rupiah.
In a press release, the bank said it served 20.1 million customers, including 14.7 million funding customers using the Jago App, compared with 17.2 million customers a year earlier.
Gross non-performing loans remained at 0.8%, below the national banking average, while its capital adequacy ratio remained strong at 28.4%.
“As a tech-based bank, this business growth is driven by product and service innovations, along with strong collaboration with our strategic ecosystem partners. Through this, we can deliver relevant financial solutions across various customer segments while building solid fundamentals for future growth,” President Director Arief Harris said.
The bank said integration with investment platforms Bibit and Stockbit continued to support customer acquisition, with more than 3.6 million Jago App users connected to the two applications. Lending partnerships with digital platforms and financing companies, including BFI Finance, also remained the primary driver of loan growth.
Harris said Bank Jago would continue expanding both ecosystem-based financing and direct lending while maintaining prudent underwriting standards.
“We are committed to maintaining the business and lending collaboration initiatives that have been successfully built over the past five years. At the same time, we are expanding direct lending to customers through responsible lending principles to reach a broader market segment,” he said.
During the quarter, the bank launched a Rapor Kredit (Credit Report) feature in the Jago App, allowing customers to monitor their credit health before taking on new loans.
Bank Jago also rolled out Active Call Protection, a feature designed to help prevent social engineering fraud by detecting voice calls while the app is in use.
The bank also expanded GoPay Tabungan by Jago (GPT) with international remittance capabilities and cardless cash withdrawals at selected merchants, while introducing a self-service feature to reactivate inactive or dormant accounts in line with new OJK regulations.
