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November 20, 2021

Mandiri Utama Finance targets multipurpose financing of Rp 8.9 trillion next year

KONTAN.CO.ID - JAKARTA. PT Mandiri Utama Finance (MUF) recorded the value of MUF financing for the September 2021 period of Rp 7.68 trillion. Where as much as 78.6% is multipurpose financing with a value of Rp 6.04 trillion. The financing value increased by 19.7% compared to the financing value in 2020. In addition, the value of receivables managed as of September 2021 was Rp 14.50 trillion, of which 82.2% were multipurpose financing receivables or recorded at Rp 11.93 trillion. The multipurpose financing receivables increased by 8.9% compared to the balance of receivables as of 31 Dec 2020. MUF President Director Stanley Setia Atmadja said multipurpose financing is generally distributed for consumptive purposes. "Currently, the company has never delayed lending to new consumers," Stanley said to kontan.co.id, Thursday (18/11). Stanley said, the value of multipurpose financing for 2021 is projected to be Rp. 8.02 trillion, which is 79.4% of the projected value of financing in 2021 of Rp. 10.10 trillion. "For 2022, MUF targets a multipurpose financing value of Rp 8.95 trillion, which is 77.1% of the 2022 financing target value," said Stanley.