Categories Finance

Last year, Mandala Finance recorded financing distribution of IDR 5.56 trillion

ILLUSTRATION. Christel Lasmana, Business Director of PT Mandala Multifinance Tbk during a discussion with the media, Thursday (20/1)

Reporter: Arif Ferdianto | Editor: Tendi Mahadi

KONTAN.CO.ID – JAKARTA. PT Mandala Multifinance Tbk (MFIN) recorded success in disbursing financing of IDR 5.56 trillion throughout 2023. In 2024 the company is optimistic that financing can grow double digits.

Managing Director Mandala Finance explained that there are several factors that influence the distribution of company financing. According to him, the main factor is the Indonesian economy which means that his party has to adjust the target for 2024.

“However, we have succeeded in distributing financing worth approximately IDR 5.56 trillion to our consumers throughout 2023,” he said to, Saturday (6/1).

Christel said, throughout 2023 MFIN will focus on consumer financing, especially two-wheeled vehicle financing and multipurpose financing.

Also Read: APPI: Presence of Foreign Investors Increases Multifinance Industry Growth

According to him, this segment supports the company’s financing, unfortunately he did not mention how much value was channeled from these two segments.

Furthermore, Cristel added that in 2024 the financing industry is projected to grow 11% to 13% in 2024, therefore his party is optimistic that it can achieve the projected distribution target.

“For 2024 and the next few years, Mandala’s focus is to improve business performance by distributing financing with prudent principles that are right on target to maintain a healthy business portfolio,” he explained.

Apart from that, he said, his party is currently determining various strategic steps with plans to join Mandala Finance to become part of the MUFG Group this year.

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