July 2017, MPM Finance Reaches 62 Percent

By : Wiyanto Dan Aldo Bella Putra | Monday, August 28 2017 - 23:30 IWST

Direktur Utama PT Mitra Pinasthika Finance (MPM Finance), Johny Kandano
Direktur Utama PT Mitra Pinasthika Finance (MPM Finance), Johny Kandano

INDUSTRY.co.id - Cikarang - PT Mitra Pinasthika Finance (MPM Finance) recorded financing as of July 2017, the financing realization has reached 62% of the target financing. The finance company is optimistic that the target of financing until the end of the year reached Rp4.9 trillion, up 22.5 percent from last year which only reached Rp 4 trillion.

MPM Finance Director Johny Kandano said the financing will be supported by retail and corporate financing. Retail still dominates after corporate financing is affected by the weakening of commodity prices.

"We are optimistic that the financing target in accordance with the planned target is reflected in the first semester of financing already 60%, much better than the target," he said in Cikarang, West Java, Monday (08/28/2017).

He explained retail financing, the largest portion of new car financing (passenger car) portion reaches 80% and the remaining used cars and motorcycles. New cars dominate with scattered brands as for the motor only sells Honda brand.

"The new car is optimistic to grow 5 -7% of the nation's national data from Gaikindo, there is an increase in new cars," he said.

While for commercial cars, such as financing trucks range 20-30%. In fact commercial financing is 70% because it was exploding commodities, when sluggish, the impact to commercial car financing.

"Very selective on commercial financing, because of the sluggish commodity atmosphere in Sumatra and Kalimantan. Although now it is starting to look palm oil.bagus," he said.

As of June 2017, MPM Finance recorded a 40% year on year (y.o.y) increase in new bookings driven by significant increases in four-wheel financing, as well as additional financing through syndicated loans to support portfolio growth. The company's profit also rose to Rp 48 Billion in addition to a healthy Non-Performing Loan (NPL) rate of 2.6%.

News Comment

Today's Industry

Mekeng Partai Golkar (dok Partai Golkar)

Senin, 28 Mei 2018 - 16:30 WIB

Golkar of East Indonesia Asks President Jokowi to Set Airlangga as a Companion in 2019

Jakarta - The Chairman of the Golkar Party Electoral Commission Election Melkias Marcus Mekeng said all the cadres of Golkar East Indonesia wanted President Joko Widodo to appoint Golkar Party…

BAZNAS (Foto Dok Industry.co.id)

Senin, 28 Mei 2018 - 16:00 WIB

Potential Zakat Fitrah in Lebak Banten Rp700 Million

Lebak - Chairman of National Amil Zakat Agency (Baznas) Lebak H Eri Rahmat said the potential of zakat fitrah in this area reached Rp700 million.

Perry Warjiyo Gubernur Bank Indonesia (Foto Dok Industry.co.id)

Senin, 28 Mei 2018 - 15:30 WIB

BI Anticipates Capital Outside of FOMC Meeting

Jakarta - Bank Indonesia said it is continuing to increase monitoring and mitigation of potential foreign capital outflows that could undermine the rupiah exchange rate, especially ahead of…

Panen Padi (Foto Dok Industry.co.id)

Minggu, 27 Mei 2018 - 22:30 WIB

City of Bekasi Generates 3,325 Ton of Rice

Bekasi - Agriculture Agency of Bekasi City, West Java, noted that rice fields in the local area produce 3,325 tons of rice harvested within a year.

Kopi Indonesia (Foto Ist)

Minggu, 27 Mei 2018 - 22:00 WIB

Coffee of Pasirwangi Garut Farmer Products Interesting Abroad

Garut - Coffee produced by farmer D'Arffi brand in Pasirwangi District, Garut regency, West Java, attracted many coffee lovers from overseas, in addition to able to meet the needs of the national…