Jakarta – SG Finance has just won an award as a group of finance companies with assets of IDR 500 billion under IDR 1 trillion by The Finance on November 14 2023.

SG Finance won this award thanks to the significant growth in its financial performance in terms of assets, financing receivables, funding received, and net profit.

This is reflected in the recording of distribution of financing receivables which reached IDR 1.19 trillion in the third quarter of 2023.

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Apart from that, this achievement also made SG Finance “upgrade” to the group of finance companies with assets above IDR 1 trillion to IDR 5 trillion.

Then, the company also carries out investment financing, working capital, multipurpose and other business activities based on approval from the Financial Services Authority (OJK).

The company also focuses its business on financing heavy equipment and new cars or trucks which can provide high returns with a safe level of risk.

Then, SG Finance’s largest financing receivables product is still finance lease receivables, both for working capital and investment purposes, where heavy equipment financing accounts for almost 70 percent of the total financing distribution.

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Meanwhile, until the end of 2023, annual growth in financing receivables is projected to increase by 73 percent from the achievement of financing receivables of IDR 802.4 billion in 2022.

Thus, growth opportunities remain open for prospective debtors who have been trained since the beginning of last year.