JAKARTA. PT Federal International Finance (FIF), a financing venture under Astra Group, managed to distribute consumer financing of IDR 31.27 trillion throughout 2022.

FIF’s financing distribution rate in 2022 climbed 3.4% year-on-year (yoy) or compared to the same period in the previous year. Based on IDNFinancials record, the financing distributed to FIF in 2021 clocked up to IDR 30.25 trillion.

With this progress, FIF’s revenue also grew 1.4% yoy in 2022 to IDR 8.96 trillion. Most revenue came from consumer financing, which contributed IDR 8.72 trillion to total revenue. Then, the interest income and fine reportedly reached IDR 154.35 billion, followed by the income from ijarah of IDR 70.36 billion, and other income sources of IDR 15.59 billion.

Meanwhile, FIF also successfully booked a net profit of IDR 3.17 trillion in 2022, shifting 28.3% from IDR 2.47 trillion seen in 2021.

Until December 31, 2022, FIF recorded total assets of IDR 34.54 trillion, while its equity reached IDR 11.12 trillion. (KR/ZH)