DAPURPACUID – Amid economic instability, PT Federal International Finance (FIFGroup) was able to record positive financing distribution throughout the first semester of 2024.
All of these achievements were generated by one of FIFGroup’s financing service lines, namely FIFAstra, which distributes financing value for Honda motorbikes.
During that period, FIFAstra successfully distributed 843 Honda motorcycle units (all types) with a total financing distribution of IDR 14.4 trillion.
The amount of financing experienced a growth of 5 percent compared to the same period the previous year, including the number of distributed units of up to 3.3 percent.
On the other hand, FIFGroup also reported the company’s net profit growth of up to 11.7 percent (yoy) in the January – June 2024 period to IDR 2.2 trillion.
It was stated that this increase was supported by an increase in the value of financing distribution by 3.2 percent to IDR 22 trillion as of June 2024. However, there was a decrease in the number of units financed by 0.7 percent to 1.6 million units.
Director of PT Federal International Finance, Daniel Hartono said, FIF continues to strive to optimize all financing services to support the growth of the company’s performance.
“Of course, we continue to optimize the performance of 5 corporate financing services that are strengthened by value chains and digitalization to provide the best service,” said Daniel.
As is known, besides FIFAstra, FIFGroup also has various other financing services, namely SPEKTRA for electronic products, gadgets, to household furniture and DANASTRA which provides multi-purpose financing.
There is also FINATRA for microproductive financing for Micro, Small, and Medium Enterprises (MSMEs), as well as AMITRA for sharia financing for Hajj and Umrah.
In terms of Net-Services Asset (NSA), there was a growth of 12.5 percent (yoy) to IDR 43 trillion in the first semester of 2024.
This growth is supported by the Net Non-Performing Financing Ratio (NPF) or Net Non-Performing Financing Receivables Ratio at a ratio of 0.03% as of June 2024.
This is an indicator that FIF as a financing company is in the very healthy category.
“In the midst of a national economy full of challenges, FIF is trying to innovate so that it can continue to be present as the financial solution of choice for the Indonesian people,” concluded Daniel. (dpid/TH)
Source: dapurpacu.id
