Nurul Ghufron Withdraws from Bank Jatim Commissioner Candidacy

Unexpected Change in Leadership Structure

PT Bank Pembangunan Daerah Jawa Timur Tbk (BJTM), also known as Bank Jatim, has announced that Nurul Ghufron has withdrawn his candidacy for the position of independent commissioner. The bank received Ghufron's withdrawal letter on November 19, 2025. Despite this development, Bank Jatim management has assured that there are no material events or information that would impact the bank's operations, legal standing, financial condition, or business continuity.

Strong Financial Performance Continues

Bank Jatim has reported robust financial results, with net profit reaching Rp1.148 trillion by the end of Q3 2025. This represents a significant 23.51% year-on-year (YoY) increase compared to Rp930.06 billion in the same period last year. The strong performance was primarily driven by a 29.25% growth in net interest income, which rose to Rp5.1 trillion from Rp3.94 trillion in September 2024.

Key Financial Highlights:

• Net profit growth: 23.51% YoY to Rp1.148 trillion
• Net interest income growth: 29.25% to Rp5.1 trillion
• Interest income: Increased by 28.36% YoY to Rp7.42 trillion
• Interest expenses: Rose by 26.52% YoY to Rp2.32 trillion
• Capital adequacy: Individual capital adequacy ratio (CAR) of 23.14%, well above regulatory minimum

Background on Nurul Ghufron's Appointment

Nurul Ghufron, former KPK commissioner (2019-2024), was appointed as an independent commissioner candidate during Bank Jatim's Annual General Meeting of Shareholders (AGMS) for the 2024 financial year on May 22, 2025. His appointment was subject to Otoritas Jasa Keuangan (OJK) approval. The withdrawal of his candidacy marks a significant development in the bank's leadership structure.