PT Bank Jago Tbk (ARTO), until the first semester of 2021, has disbursed loans reaching Rp2.17 trillion, growing 695% from the same position last year or year on year (YoY).

Bank Jago President Director Kharim Siregar said that ARTO's credit distribution was not significant because it had just started its expansion after the rights issue II in April 2021.

"We are grateful that during the pandemic we were able to optimize the intermediation function while maintaining the precautionary principle," he said in a statement on Monday (26/7).

After completing the issuance of new shares or rights issues in April 2021, Bank Jago continues to expand.

In the last three months, the company has increased lending and expanded collaboration with the digital ecosystem.

The company realized the expansion through collaboration with peer-to-peer (P2P) lending, multi-finance, digital ecosystem companies, and application integration with th