KONTAN.CO.ID - JAKARTA. A number of finance companies are optimistic that financing for all segments will grow next year.

One of them is PT Wahana Ottomitra Multiartha Tbk (WOM Finance) which is confident that financing will grow significantly next year.

WOM Finance Financial Director Ring Lisa projects growth for each WOM Finance financing segment, including multipurpose, working capital, and investment, of around 5% to 30% depending on the type of financing.

"One of them is that investment financing will grow by 30% next year," he told Kontan.co.id, Tuesday (28/11).

Ring said that next year's growth will also be supported by Indonesia's fairly good economic growth rate and relatively low inflation.

As for 2024, Ring said, WOM Finance projects that new financing could reach IDR 6.5 trillion. or grow 14% compared to 2023.

Ring explained that the multipurpose financing segment is projected to contribute 57% to WOM Finance's total financing next year.

He said, one of the projections is based on Indonesia's economic growth, which will continue to grow next year, especially the MSME sector.

Even though he is optimistic about financing next year, Ring said that the trend of increasing interest rates is certainly a challenge for WOM Finance.

"However, with good cooperation with the banking sector and the full support of PT Bank Maybank Indonesia Tbk as the parent company, therefore, the company is optimistic that it can obtain funding sources with the best interest rates," he said.

Ring said that until October 2023, WOM Finance had distributed new financing amounting to IDR 4.8 trillion. This value increased by 32%, compared to the same period last year.

Meanwhile, PT BNI Multifinance or BNI Finance is targeting 100% financing growth next year in all segments. BNI Multifinance Business Director Albertus Hendi said that next year his company targets financing to reach IDR 6 trillion.

Not without reason, Albertus said that he saw the achievement and growth of BNI Multifinance's financing this year.

"Financing until October 2023 will reach IDR 2.2 trillion. We are aiming for up to 3 trillion by the end of this year," he said to Kontan.co.id, Tuesday (28/11).

Specifically, Albertus said that the company's multipurpose financing has the potential to grow better next year. Apart from that, the prospects for four-wheeled vehicle financing next year are also bright, with the sales prospects for four-wheeled vehicles being almost the same as this year.

"Because we are growing, we continue to expand the market, especially in consumer financing, especially new four-wheeled vehicles," he said.

Albertus does not deny that BNI Multifinance also needs to anticipate obstacles next year. There are several obstacles that you should be aware of, namely the political year in particular, where you need to be careful regarding politics and the economy.

The Association of Indonesian Financing Companies (APPI) is also optimistic that financing growth will continue next year. APPI General Chair Suwandi Wiratno said this was driven by the continued good condition of the Indonesian economy, which is expected to continue next year.

According to him, next year's financing growth will not be disrupted by the 2024 elections. This is because this moment will only last until February 2023.

"As long as the Indonesian economy is not disturbed and there is no political fuss, all roads are in accordance with their function, then economic growth will grow and this will also have an impact on financing growth," he said when met in the South Jakarta area, Tuesday (28/11).

Suwandi also said that financing for investment, multipurpose and working capital is projected to increase next year. This year, growth increased almost the same in each segment, namely 16% -17%.

"Next year, perhaps because it was disrupted in the first two months, it looks like it will be moderate in the range of 11% to 13%. I'm still optimistic," said Suwandi.