Corporate Updates
Bank Jago (ARTO IJ): Trades off margin for quality
Bank Jago (ARTO IJ)
Not rated
Analyst: Yap Swie Cu
Trades off margin for quality
• Sluggish top-line dragged 3Q23 profit
• Focuses on expansion in partnership and ecosystem lending
• Healthy TPF growth was in line with the rise in customer numbers
• More manageable loan quality brought down credit cost
• Challenging macro outlook provides little catalyst to share price