{
PT Bank Jago Tbk

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2025-03-262025-03-261111100
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2025-03-262025-03-261111100
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weLab bank targets southeast asia expansion after breakeven success in hong kong

WeLab Bank, based in Hong Kong, is set to expand into the Philippines, Malaysia, and Vietnam after achieving monthly breakeven in December 2024. The bank aims for profitability in Indonesia and Thailand within three to five years, targeting the larger Southeast Asian market despite its lower affluence.Meanwhile, Bank Jago, Indonesia's first fully digital bank, reported a 78% increase in net profits to US$7.8 million and a customer base of 15.3 million by the end of 2024. The bank is leveraging partnerships and AI to enhance customer experience and grow its loan portfolio, despite facing stock price challenges.
Tech in Asia
United States Dollar Indonesian Rupiah PT Bank Jago Tbk Google Inc. THA VNM HKG MYS IDN Simon Loong Show more
Business & Industry, News Article
08:00 26.03.2025

Bank Jago reports 50 percent user growth and 78 percent profit increase

Bank Jago reported a remarkable growth in 2024, reaching 15.3 million customers, including 12.1 million Jago App users, a 50% increase from the previous year. This surge contributed to a 56% rise in third-party funds, totaling 18.8 trillion rupiah, while net profit after tax soared by 78% to 129 billion rupiah.
Tech in Asia
United States Dollar Indonesian Rupiah PT Bank Jago Tbk IDN
Finance & Economy, Market Report
05:15 24.03.2025
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