Indonesia's Bank Jago reports 49% profit jump as wealth management gains traction

Indonesia's digital bank Bank Jago is betting on wealth management as its next growth engine, leveraging the country's rising investment appetite. As of June 2026, 3.6 million customers were connected to its investment ecosystem, up from 2.5 million a year earlier. The bank reported a 49% year-on-year increase in first-half 2026 net profit to 189 billion rupiah, with lending growing 24%. Jago, backed by GoTo Financial, introduced Consolidated Asset View to help customers see all investments in one place. The bank aims to deepen relationships with young, financially savvy customers amid intensifying competition.