JAKARTA – PT Bank Pembangunan Daerah Jawa Timur Tbk (BJTM) recorded a decline in performance in the first two months of 2025.

Based on the monthly report for February 2025, BJTM recorded a year-to-date profit of Rp142.96 billion, down approximately 23.98% compared to the same period last year.

The decline in profit was due to Bank Jatim's operating expenses reaching Rp727.04 billion, an increase of 33.47%. One of the expenses that experienced a significant rise was impairment expenses amounting to Rp275.35 billion.

However, BJTM was still able to achieve growth in net interest income, which reached Rp908.97 billion, up 14.87% compared to the same period last year. Meanwhile, the company’s credit disbursement increased to Rp65.52 trillion, compared to the previous figure of Rp55.65 trillion.

In terms of liquidity, Bank Jatim recorded third-party funds (DPK) of Rp79.87 trillion, down 0.94% compared to the previous period’s Rp80.63 trillion.

According to IDNFinancials data, BJTM’s share price has dropped by 7.41% year-to-date, reaching Rp500 per share. (DH)