Analysis of PT Bank Jago Tbk's Financial Performance Before and After Digital Transformation Go Digital: A Case Study of Liquidity, Solvency and Profitability Ratios in 2020–2023

Abstract

This study aims to analyze the financial performance of PT Bank Jago Tbk (ARTO) before and after the digital transformation carried out in 2020. The focus of this research is on financial ratios, namely liquidity, solvency, and profitability ratios during the 2020–2023 period. The method used is a quantitative descriptive analysis with a case study approach, using the company's annual financial statement data obtained from the official website of the Indonesia Stock Exchange and the company's investor website. The results of the analysis show that there have been significant changes in Bank Jago's financial structure after going digital. The liquidity ratio tends to decrease, but remains at a reasonable level. The solvency ratio has increased which indicates the company's ability to meet long-term obligations. Meanwhile, the profitability ratio shows a positive trend that indicates efficiency and an increase in the company's net profit after digitalization. This study provides an overview of the impact of digital transformation on the financial performance of digital banking in Indonesia