Languages Available
V
Videos » Federal Finance notes motorbike financing of Rp21 trillion
10 December 2015

SENTUL – PT Federal International Finance noted the financing for motorbikes reached as high as Rp21 trillion which increased 7.6% compared with the same period in 2014. At the same time, net sales of motorbikes decreased 14% compared with the same period 2014.


Head of Treasury and Funding of PT Federal International Finance, Jerry Fandy said their net sales of motorbikes decreased as much as 20% year on year. But, net sales of the Honda motorbike brand decreased 14% year on year. “We can say that the market share of Honda is stronger compared to other brands. The decrease of Honda was noted deeper compared with other brands in the motorbike industry,” he said. 


According to him, the company’s assets have increased year on year. In September 2015, the company’s assets increased almost to Rp33 trillion. The main assets increased 11% compared with the same period 2014. 


He said the company’s assets are located as much as 45% in Java Island, Sumatera Island being second largest, and Kalimantan Island around 10%. Bali and NTT Island is separate because company’s portfolio is big in Bali. In East Indonesia, it's in Papua and Sulawesi. “So it is in line with the Indonesian population,” he said. 


PT Federal International Finance is a subsidiary of PT Astra International Tbk (ASII) with its core business aimed at financing Honda motorbikes in Indonesia. (LK)