JAKARTA. In order to boost its performance, PT Bank JTrust Indonesia Tbk has implemented various strategies. They include careful and selective credit channelling to maintain its portfolio quality.
In its public expose issued last week, the management of Bank JTrust mentioned that other strategies would involve managing liquid assets planted in government and corporate bonds and increasing fee-based income to enhance its income absorption.
In terms of managing third-party funds, the management has tried its best to increase the composition of the funds in the Current Account Saving Account (CASA).
Some of the strategies exerted by the company have allowed it to cut back its losses by the end of the third quarter of 2021 from IDR 419.77 billion reported in Q3 2020 to IDR 337.94 billion.
It has not been long since Bank JTrust conducted a rights issue. It would launch another similar corporate action, now issuing 9.05 billion shares. (AM/ZH)