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Bank Jago’s digital users up 50%, profit rises 78% in 2024
Indonesia’s Bank Jago reported significant growth at the close of 2024, achieving 15.3 million customers.
This includes 12.1 million users of its Jago App, a 50% increase from 8.1 million users in 2023.
The increase in customers contributed to a 56% rise in third-party funds (DPK), reaching 18.8 trillion rupiah (US$1.14 billion), up from 12.1 trillion rupiah (US$733.6 million) in 2023.
Of these funds, 53% were low-cost funds (CASA), totaling 10 trillion rupiah (US$606.3 million). The remainder comprised deposits amounting to 8.8 trillion rupiah (US$533.5 million).
Net profit after tax increased by 78% to 129 billion rupiah (US$7.8 million), compared to 72 billion rupiah (US $4.4 million) in 2023.
Recent Bank Jago developments
| Timeline |
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18-Dec-2024 🤝 Indonesia’s Bank Jago partners with Google Cloud for AI
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30-Oct-2024 📈 Bank Jago profits surge 71% in Q3
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18-Oct-2023 💳 GoTo, Bank Jago team up for new bank account offering
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24-Oct-2022 💰 Gojek-backed Bank Jago doubles revenue to $24m for Q3
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| 21-Jul-2022 📈 Gojek-backed Bank Jago posts 3x jump in revenue to $24m for Q2 2022 |
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