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Bank Jago’s stock drops 43% as high valuations overshadow growth
Shares of PT Bank Jago Tbk (ARTO) declined by 43.19% over the past year, closing at 1,460 rupiah (US$0.09) on April 11, 2025.
This marks a significant decrease from its peak of 19,500 rupiah (US$1.16) in January 2022.
The drop reflects a market correction from earlier high valuations, despite growth in assets, profits, and lending performance.
As of December 2024, total assets rose 13.9% to 24.25 trillion rupiah (US$1.44 billion), net profit jumped 78% to 129 billion rupiah (US$7.68 million), and gross non-performing loan (NPL) remained low at 0.6%.
🔗 Source: Bloomberg Technoz
🧠 Food for thought
Recent Bank Jago developments
| Timeline |
|---|
24-Mar-2025 📈 Bank Jago’s digital users up 50%, profit rises 78% in 2024
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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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