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WOM Finance recorded Rp 5.78 trillion in vehicle financing

20 February 2020 08:44

JAKARTA - PT Wahana Ottomitra Multiartha Tbk (WOMF) recorded a financing distribution of Rp. 5.78 trillion during 2019, down compared to the same period in 2018, recorded as much as Rp. 6.98 trillion. The largest financing was channeled for new motorcycles amounting to Rp 2.70 trillion.

As quoted from the Financial Report as of December 31, 2019, Thursday (20/2), the composition of financing distribution which experienced an increase was only in the Multipurpose Car Service segment of Rp 1.50 trillion from Rp 1.16 trillion in 2018. While other segments, such as Bicycles New Motor has decreased from Rp 2.94 trillion, Used Motorcycle is recorded at Rp 178 billion, down from Rp 301 billion, and Multipurpose Motorku Services as much as Rp 1.41 trillion, down from Rp 1.56 trillion.

The number of vehicles financed also decreased to 355,095 units from 472,854 units of vehicles. The largest composition of vehicles financed through Multipurpose Motorku Services was 174,027 units, followed by financing of New Motorbikes totaling 142,089 units, Multipurpose Car Services totaling 22,011 units, and Used Motorbikes totaling 16,968 units. The accumulated number of vehicles financed by WOM Finance has decreased in the last five years. Where in 2015, the number of vehicles financed was 564.9634 units. (LK)

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