Bank Jago’s profit soars on interest income and growing app usage


The company’s focus on building strategic partnerships and strengthening its client base over the last few years appears to be paying off. — Bloomberg

JAKARTA: PT Bank Jago, an Indonesian digital lender, more than doubled profit in the first nine months of the year, driven by a surge in interest income amid growing app usage.   

Net income rose to 199.13 billion rupiah (US$12mil) for the January-to-September period, a significant jump from 85.84 billion rupiah the year before.

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