Jakarta – PT BNI Finance has received another second phase of capital injection of IDR 400 billion from PT Bank Negara Indonesia (Persero) Tbk or BNI.

This second stage of additional capital has received approval from the Financial Services Authority (OJK) based on letter number S-63/PL.02/2023 dated 9 December 2023 and has also been approved through the company’s Extraordinary General Meeting of Shareholders (EGMS).

With this additional capital, Bank BNI’s share ownership in BNI Finance became 99.998 percent or 1,098,413,985,350 shares from the previous 99.997 percent or 698,432,136,900 shares.

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President Director of BNI Finance, Yenanto Siem, revealed that the additional capital carried out by BNI is a concrete step in supporting BNI Finance’s performance growth to compete to be top of mind in the automotive financing industry.

“This capital injection is a form of full trust from shareholders in the performance that BNI Finance has achieved so far. “We are committed to encouraging sustainable performance in the long term,” said Yenanto, quoted December 16, 2023.

As for the third quarter of 2023, BNI Finance shows significant performance growth. This is reflected in the total financing achievement up to September 2023 which reached IDR 1.8 trillion or an increase of 7.5 times compared to the same period in 2022 which recorded financing of IDR 212 billion.

The achievement of BNI Finance’s performance, of course, cannot be separated from the role of many parties, both from BNI as a shareholder and business partners, especially new car dealer partners and ATPM.

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“I also appreciate all BNI Finance employees for this performance achievement,” he said.

Yenanto said that with this second phase of additional capital, BNI Finance’s capital is even stronger and the company has prepared an expansion strategy in the consumer segment in line with the additional capital received.

“In 2024 BNI Finance will open 22 new branch offices to maximize financing potential and also reach a wider market. “With this strategy, we are optimistic that the company’s performance in 2024 will improve and BNI Finance will become the top of mind finance company in Indonesia,” he concluded.