Bank Jago is what bank
PT Bank Jago Tbk, formerly known as PT Bank Artos Indonesia Tbk (1992-2020), has become an integral part of Indonesia’s financial panorama. Let’s explore Bank Jago is what bank, from the beginning of its establishment to becoming one of the leading digital banking companies in this country.
Opening the Doors of the History of Bank Artos Indonesia
In 1992, in Bandung, a journey began called “PT Bank Artos Indonesia.” The bank originally belonged to the family of Arto Hardy, who was involved in the textile industry and owned factories in West Java. With an initial focus in Bandung, slowly but surely, Bank Artos opened a branch in Jakarta in 1996, and since then, the network has continued to grow.
Stepping into the Indonesia Stock Exchange
The year 2016 became a milestone, when Bank Artos was officially listed on the Indonesia Stock Exchange. This company continues to make achievements by transforming into one of the main players in the financial sector. In 2019, share ownership changed hands to Jerry Ng and Patrick Sugito Walujo, bringing major changes to the company.
transformation into PT Bank Jago Tbk
Jerry Ng, who previously served as President Director of Bank BTPN, and Patrick Sugito Walujo, an investor from the Northstar Group, jointly acquired the majority of the company’s shares in 2019. A major transformation occurred in 2020 when the company changed its name to PT Bank Jago Tbk.
GoPay and Digital Trace
The end of 2020 witnessed the acquisition of a stake by Gopay by 22.16%, proving that the digital era is increasingly becoming the main focus of PT Bank Jago Tbk. Rumors of changing the name to Gobank followed, but this did not happen.
Brilliant Steps in 2021
March 2021 saw GIC become a minority holder, while April 2021 was the moment of launching the Jago application. Strategic collaboration with PT Bibit Grow Together in July and integration with Gojek is the pinnacle of achievement. The Sharia Business Unit (UUS) was launched in September 2021, showing the Company’s commitment to serving customers with sharia principles.
Ownership and Financial Performance
In a short period of time, this banking company has made a brilliant achievement. In 2021, revenue reached Rp 696.5 billion, with a net profit of Rp 86.06 billion. The company’s total assets reached Rp 12.31 trillion, indicating stability and significant growth.
major shareholders
Currently, the main shareholders are PT Metamorphosis Ecosystem Indonesia (29.80%), PT Dompet Karya Anak Bangsa (21.40%), Wealth Track Technology Ltd. (11.68%), and GIC Private Limited (9.07%). Meanwhile, 28.05% of the shares are owned by the public.
breakthroughs and future plans
With the spirit of strong digital transformation, the company continues to innovate. The application of Jago, Strategic Partnership, and Sharia Business Unit is proof of the company’s commitment to providing the best service to customers.
The question related to Bank Jago is what bank
1. Does Bank Jago Tbk still have a physical branch?
– Yes, the company still has branch offices, sub-branch offices, and cash offices in various parts of Indonesia.
2. What is the difference between Bank Jago Tbk from other banks?
– Courage to innovate, focus on digital transformation, and strategic collaboration make Bank Jago Tbk unique.
3. How can customers use the Jago application?
– Jago application can be downloaded and used to manage finances practically.
4. Does this banking company prioritize sharia principles?
– Yes, the company has a Sharia Business Unit (UUS) to serve customers with sharia principles.
5. How can public shareholders participate in company decisions?
– Public shareholders can participate in the General Meeting of Shareholders (GMS) and cast their votes.
