JAKARTA – PT Maybank Indonesia Finance (BIIF) still triumphed with the record of profit increase of IDR 19.27 billion, shifting from IDR 362.13 billion in 2020 to IDR 381.40 billion in 2021. It was driven by the expenses cuts, particularly the cost of revenue, fees and commissions, and other expenses.
Alexander, President Director of Chief Executive Officer (CEO) of Maybank Indonesia Finance, revealed that the consumer financing distribution amounted to IDR 6.01 trillion. The financing lease reached IDR 730.54 billion, while other receivables reached IDR 10.71 billion. Its total revenue clocked up to IDR 1.15 trillion, wherein consumer financing brought in IDR 859 billion. The financing lease also generated IDR 98.13 billion to the revenue, the ijarah lease IDR 200 million, interests IDR 3.65 billion, and other income IDR 70.12 billion.
In 2020, the consumer financing distribution reached IDR 5.81 trillion, followed by the financing lease of IDR 761.35 billion and other receivables of IDR 8.32 billion. Its total revenue by the end of 2020 amounted to IDR 1.03 trillion, supported by the consumer financing segment of IDR 1 trillion, the financing lease of IDR 110.98 billion, the ijarah lease of IDR 2.75 billion, interests of IDR 9.42 billion, and other income of IDR 35.53 billion.
Total expenses also dropped to IDR 539.84 billion from IDR 687.10 billion. The cost of revenue was depleted from IDR 377.45 billion to IDR 244.0 billion. Then, the costs of fees and commissions were also lowered from IDR 4.11 billion to IDR 2.82 billion, while other expenses decreased from IDR 57.96 billion to IDR 43.3 billion. (LK/ZH)