Bank Jatim Wins Top Bank 2024 Award from The Iconomics
Date: 20 june 2024Categories :
JAKARTA, June 20, 2024 – PT Bank Pembangunan Daerah Jawa Timur Tbk (bankjatim) has once again achieved a significant milestone. This time, BJTM received the Top Bank 2024 award in the KBMI 2 category from The Iconomics during the 5th Anniversary of the Indonesia Top Bank Award 2024. The award ceremony was held at The Sultan Hotel & Residence Jakarta and was presented by Founder & CEO of The Iconomics, Bram S. Putro, and received directly by bankjatim’s Director of Finance, Treasury & Global Services, Edi Masrianto, on Thursday (June 20).
Edi explained that this award was granted to bankjatim due to the company’s strong business penetration and excellent service quality, making it one of the most recognized regional banks in society. Additionally, bankjatim was acknowledged for its outstanding performance and contribution in 2023.
This is evidenced by bankjatim’s 2023 total assets, which reached IDR 103.85 trillion, growing 0.80% year-on-year (YoY), and a net profit of IDR 1.47 trillion. Meanwhile, credit expansion hit IDR 54.76 trillion, reflecting a YoY growth of 18.54%, which is significantly higher than the national average credit growth of 10.3%.
“We express our sincere gratitude for this recognition. It will further motivate us to continue providing the best services to our customers and contribute positively to the economic growth of East Java and Indonesia,” he stated.
Edi also noted that in today’s highly competitive banking industry, BJTM has implemented numerous strategies to accelerate its business growth, including strengthening digital banking services. He emphasized the importance of adapting to the current era, where society is inseparable from digital devices.
“We are consistently enhancing our information and technology infrastructure, particularly through JConnect, to meet the needs and challenges of this digital disruption era,” he added.
JConnect has shown positive performance year after year. In the first quarter of 2024, JConnect Mobile had 677,362 users, a 25.77% increase YoY. Its transaction value reached IDR 4.9 trillion, growing 66.6% YoY. Meanwhile, JConnect QRIS had 151,404 users, a 113.74% YoY increase, with transaction values reaching IDR 126.43 billion, up 173.84% YoY.
“These numbers show that JConnect is well-received by the public. We are committed to continually innovating to make JConnect more accessible and beneficial to all stakeholders,” he said.
Aside from digital banking, bankjatim is also committed to sustainability principles, promoting environmental and social continuity in its operations. In pursuit of sustainable finance, bankjatim has expanded its ecosystem by collaborating with other banks—particularly regional development banks (BPDs)—and becoming a pioneer of the Bank Business Group (KUB). This synergy provides added value by enabling member BPDs to remain competitive in the industry.
“Nowadays is the era of collaboration. That’s why we are open to partnering with various parties to drive better economic growth,” Edi affirmed.
To determine the Top Bank 2024 award recipients, The Iconomics evaluated the financial performance of banks from 2022 to 2023 using two key parameters: profitability and rentability. The scoring was based on two weighted components: 60% for financial indicator ranking and 40% for financial growth indicator ranking. These scores were then compared with other banks within the same Core Capital Bank Group (KBMI) category.
PT BANK PEMBANGUNAN DAERAH JAWA TIMUR Tbk
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