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Akulaku Finance and PermataBank establish a strategic partnership

02 September 2021 18:56

JAKARTA - A digital-based finance company part of the Akulaku Group, PT Akulaku Finance Indonesia, has established a strategic partnership with PT Bank Permata Tbk (PermataBank). Through this partnership, Akulaku Finance obtains a funding facility from PermataBank which will be used to improve customer service and financial inclusion in Indonesia.

President Director of Akulaku Finance Indonesia, Efrinal Sinaga, said that the provision of this facility is a sign of the high level of trust and commitment given to Akulaku Finance Indonesia. Akulaku Finance will use this funding facility to increase the capacity and variety (multi scheme of funding) of the company's financing distribution to Akulaku Finance Indonesia customers.

"This funding facility from PermataBank is a facility at the right moment of truth when people's lifestyles tend to be digitalized, contactless, and cashless, thus enabling Akulaku Finance Indonesia to serve more digital-based financing customers throughout Indonesia in line with growth. financing throughout 2021," he said.

PermataBank continuously builds partnerships with various strategic partners in order to expand market share penetration and at the same time strengthen collaboration with technology-based finance companies that have various advantages by utilizing technology capabilities.

In the second quarter of 2021, PermataBank's operating income grew 19% YoY, supported by a 34.8% YoY growth in total assets to IDR212.9 trillion and made PermataBank one of the 10 largest commercial banks in Indonesia by total assets. Akulaku Finance recorded a financing distribution performance of more than IDR4.9 trillion throughout the first semester of 2021, with an NPF (net) level of 0.6%. The company also targets to distribute financing of IDR 7 trillion throughout 2021. (LM)

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