# Bank Jago Posts $6 Million Q3 Profit as Assets Reach $2.3 Billion

> Bank Jago's Q3 net profit rose 51.3% to $6 million as total assets climbed 22% to $2.3 billion and the digital bank served 19 million customers.

- Published: 2026-10-28T13:14:43+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-28/bank-jago-q3-profit-assets
- Source: [DealStreetAsia](https://www.dealstreetasia.com/stories/bank-jago-q3-net-profit-499429)

## Key takeaways

- Bank Jago reported Q3 2026 net profit after tax of around 109 billion rupiah ($6 million), up 51.3% year-over-year.
- Total assets reached 42.1 trillion rupiah ($2.3 billion) as of September 30, up 22% from a year earlier.
- The bank served 19 million customers at the end of September, including 13.1 million funding customers on the Jago app.

Bank [Jago](https://akta.pro/company-profiles/00052s6/jago) Tbk recorded net profit after tax of around 109 billion rupiah ($6 million) in the third quarter of 2026, up 51.3% from the same period last year, [DealStreetAsia](https://www.dealstreetasia.com/stories/bank-jago-q3-net-profit-499429) reported. The result was the GoTo-backed digital bank's highest quarterly profit this year.

## Inside Bank Jago's Third-Quarter Results

Bank Jago is an Indonesia-licensed digital bank listed on the IDX as ARTO, offering Pocket-based retail, sharia and SME banking embedded across Gojek, Tokopedia, Bibit and Stockbit, according to akta.pro [company records](https://akta.pro/company-data).

For the nine months ended September, the bank posted net profit after tax of 298.1 billion rupiah ($16.3 million), up 49.7% from 199.1 billion rupiah ($11 million) a year earlier. Total assets reached 42.1 trillion rupiah ($2.3 billion) as of September 30, up 22% from 34.5 trillion rupiah ($1.8 billion).

"Focusing on quality growth, both in deposit collection and lending, has positively affected our performance and placed the bank's fundamentals in a very strong position," president director Arief Harris Tandjung said in a statement on Wednesday.

Loans stood at 27.9 trillion rupiah ($1.5 billion) at the end of September, up 19% from 23.5 trillion rupiah ($1.3 billion). Third-party funds grew 21% to 28.9 trillion rupiah ($1.6 billion) from 23.9 trillion rupiah, with current and savings accounts making up 53% of deposits at 15.4 trillion rupiah ($847 million) and time deposits the remaining 47% at 13.5 trillion rupiah ($742.5 million).

The bank reported a gross non-performing loan ratio of 0.9% and a capital adequacy ratio of 27.5%. Bank Jago served 19 million customers at the end of September, including 13.1 million funding customers using its app, while partnerships with Bibit and Stockbit connected more than 3.6 million customers to investment products. The bank introduced a Credit Report feature on the Jago app during the quarter.

## Bank Jago's Funding and Customer Base

Bank Jago secured a $100 million syndicated term loan facility arranged by UOB Ltd in December 2025 to diversify its funding base beyond deposits and equity, according to funding records. The same records show 18.2 million KYC-verified customers as of its 2025 financial results and net profit for 2025 of 276 billion rupiah ($16.3 million), more than double the 129 billion rupiah recorded in 2024.

## Wealth Push and Ownership Review Before the Results

In September 2026, Bank Jago was expanding wealth management services to its 14 million customers, with 3.6 million connected to its investment ecosystem as of June 2026, The Business Times reported. In July 2026, investors led by Indonesian tycoon Jerry Ng were evaluating strategic options for their holdings in PT BFI Finance Indonesia and Bank Jago, with Goldman Sachs working alongside them on a strategic review, Bloomberg reported.

## Bank Jago's Outlook for Next Year

Tandjung said the bank would keep strengthening its fundamentals to support sustainable growth. "We are optimistic that Bank Jago can grow faster as economic conditions improve next year," he said.

## Companies in this story

- [Jago company profile](https://akta.pro/company-profiles/00052s6/jago) · website: https://www.jago.com

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