KONTAN.CO.ID - JAKARTA. President Director of PT CIMB Niaga Auto Finance (CNAF), Ristiawan Suherman said that in the first quarter of 2023 new financing was realized of IDR 1.8 trillion, thereby pushing assets under management by 17% yoy to IDR 9.45 trillion, while in the first quarter of 2022 IDR 8.08 trillion.

He said used car financing and funding facilities were the highest support for CNAF financing. Where the two financing segments accounted for 77% of total financing in the first quarter of 2023, or an increase of 69% on an annual basis.

"Throughout 2023 CNAF is targeting the growth of assets under management by 13% to IDR 10.4 trillion, when compared to the previous year's asset value which reached IDR 9.2 trillion," he told Kontan.co.id, Tuesday (16/5).

Ristiawan added, his party has also prepared a variety of strategies to be launched including carrying out digital initiatives such as the use of digital signature platforms and digital customer service that are connected to the CNAF Mobile application platform.

"In order to increase growth in CNAF financing, it also continues to synergize with its parent company, namely PT Bank CIMB Niaga Tbk, to attract customers. In addition, the parent company also has the same direction in terms of sustainability," he explained.

In addition, in the first quarter of 2023, CNAF also managed to record profit before tax (unaudited) or profit before tax (PBT) of IDR 130 billion, growing 14.8% compared to 2022 in the same period of IDR 113.7 billion