Pt Bank Jago Tbk · IDX:ARTO
Pt Bank Jago Tbk — Q1 2024 Earnings Presentation
8 slides from Pt Bank Jago Tbk's earnings presentation, April 2024
Slide 1: 1Q 2024 Results Update
1Q 2024 Results Update April 2024
Slide 2: 1Q24 performance highlights
1Q24 performance highlights Maintain growth momentum in customers, funding & lending balances IDR 12.1tn 13.2tn 42% YoY Growth in 9.3tn 10.1tn 10.3tn Funding Balances Mar ‘23 Jun ‘23 Sep ‘23 Dec’23 Mar’24 IDR 14.3tn 13.0tn 10.8tn 11.2tn 10.9tn 32% YoY Increase Lending Balances Mar ‘23 Jun ‘23 Sep ‘2
Slide 3: Maintain strong and sustainable growth momentum
Maintain strong and sustainable growth momentum CASA ratio continues to be strong TD CASA Expansion in lending balances Syariah Conventional Customer Deposits, IDR tn Loan Balances, IDR tn 13.2 14.3 12.1 13.0 10.1 10.3 10.8 11.2 10.9 9.3 99% 97% 63% 87% 92% 73% 65% 83% 64% 71% Mar ‘23 Jun ‘23 Sep ‘2
Slide 4: Key ratios maintained at a healthy level
Key ratios maintained at a healthy level Net Interest Margin Return on Assets 11.0% 10.0% 9.0% 8.0% 7.5% 0.5% 0.6% 0.4% 0.5% 0.5% 1Q ‘23 2Q ‘23 3Q ‘23 4Q ‘23 1Q ‘24 1Q ‘23 2Q ‘23 3Q ‘23 4Q ‘23 1Q ‘24 Cost of Funds (End of Period) Non-Performing Loans & Cost of Credit 5.2% 4.7% 3.6% 3.2% 3.2% 2.9% 3.
Slide 5: Balance sheet
Balance sheet IDR billion Mar ‘23 Jun ‘23 Sep ‘23 Dec ‘23 Mar ‘24 YoY Cash & BI 820 1,105 1,026 1,188 1,336 Placement & Securities 4,929 5,058 5,569 5,254 4,770 Loans & Syariah Financing 10,843 11,182 10,871 13,020 14,272 32% • Partnership & Ecosystem Lending 8,239 9,148 9,141 12,111 13,568 • Financ
Slide 6: Income statement
Income statement IDR billion 1Q ‘23 2Q ‘23 3Q ‘23 4Q ‘23 FY ‘23 1Q ‘24 YoY Interest Income 487 497 452 438 1,875 442 -9% Treasury 67 73 80 67 287 66 -2% Conventional 307 361 324 353 1,346 370 21% Syariah 113 63 48 18 242 6 -94% Interest Expense (64) (87) (76) (82) (309) (97) 51% Net Interest Income
Slide 7: Ratios
Ratios % 1Q ‘23 2Q ‘23 3Q‘23 4Q ‘23 FY ‘23 1Q ‘24 NIM 11.0 10.0 9.0 8.0 9.5 7.5 • Loans 13.8 12.2 11.0 9.2 11.7 8.1 • Treasury Assets 5.1 5.3 5.6 5.4 5.3 5.4 Ratio of Loans to Earning Assets 67 67 65 71 67 74 Cost of Fund (end of period) 3.2 3.6 2.9 3.0 3.1 3.1 Cost to Income 67 67 75 82 72 80 LDR 1
Slide 8: Jago
Jj Jago