KONTAN.CO.ID - JAKARTA. PT BNI Finance (BNIF) recorded positive growth in new financing distribution until the third quarter of 2023, which increased 7.5 times to IDR 1.8 trillion compared to the same period the previous year of IDR 212 billion.

Director of Finance, IT and Operations at BNI Finance, Legendariah detailed that the majority of new financing distribution was consumer financing of IDR 1.3 trillion, followed by investment financing of IDR 481 billion and working capital financing of IDR 49 billion.

Total assets at the end of September 2023 were recorded at IDR 2.4 trillion, up 128% compared to the previous period of IDR 1.1 trillion in September 2022. This increase in financing distribution also boosted the company's revenue by 89% on an annual basis.

"We are optimistic that the assets managed by BNI Finance will continue to increase in line with the expansion of financing through branches established since early 2023," he said in an official statement, Thursday (30/11).

Legendariah explained that the increase in financing distribution was carried out while still implementing prudent risk management, so that the quality of financing was maintained.

Meanwhile, BNI Finance's non-performing financing (NPF) ratio in the third quarter of 2023 was recorded at 0.3%, an improvement compared to the NPF in the same period the previous year of 1.64%.

Legendariah said that the high level of financing in 2023 was supported by the addition of the company's new branch network, where as of October 2023 17 branches had been operating out of a total of 30 branches planned to operate in 2023.

"This expansion of the branch network is in line with the market segment targeted by BNI Finance, which focuses on consumer financing and is supported by main business partners, namely new car dealers," he said.

He added that his party also received support for increasing capital from the parent company. BNI Finance has received the first phase of capital deposit of IDR 400 billion in August 2023.

"Later this will also be followed by a second stage of capital investment in the same amount at the end of 2023, so that we can continue to increase our expansion capabilities in the future," he said.
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