JAKARTA. PT Adira Dinamika Multifinance Tbk. (Adira Finance) has distributed Rp 18.4 trillion in financing by June 2019, growing slightly by 4% on an annual basis.
Finance Director of Adira Finance I Dewa Made Susila said that the financing for motorcycles still grew by 8%. However, car financing fell by above 10% throughout the first semester of 2019. This was due to a decline in car sales.
Thus, the growth of financing in the first half of this year tends to be stagnant. Nevertheless, the company is still trying to continue to boost funding to reach the target by the end of 2019.
"Two-thirds of our business is related to new motorcycles and cars. So if the sales go down, it will have a direct impact on our business, "he said on Wednesday (3/7). Motorcycle financing looks more positive because it is undergoing recovery after declining for the last few years.
Adira Finance's non-performing loan (NPL) ratio was 1.9% as of June 2019. Until the end of the year, the NPL is targeted to be below 2%.
Based on OJK data, financing receivables from all multifinance business activities reached Rp 448.91 trillion, up by 5.03% on an annual basis. Around 59.90% is multipurpose financing, investment financing is 30.79%, working capital financing is 5.29%, and the rest is sharia financing. (AM/AR)