KONTAN.CO.ID - JAKARTA. CIMB Niaga Auto Finance (CNAF) is optimistic that multipurpose financing will grow next year.

CNAF President Director Ristiawan Suherman is targeting multipurpose financing in 2024 of IDR 2.8 trillion or 28% of total new financing.

"To achieve this target, one of the strategies implemented by CNAF is to provide interest rates that compete with the market through various sales channels owned by CNAF," he said to Kontan.co.id, Friday (29/12) .

Ristiawan said that CNAF will continue to offer multipurpose financing products next year as an alternative to meet financial needs which are increasing every year.

Apart from that, CIMB Niaga Finance is optimistic that cash funds included in multipurpose financing will also increase next year. This is in line with current economic growth and is expected to continue to grow next year.

Ristiawan said, until November 2023, CNAF recorded multipurpose financing of IDR 2.23 trillion. This value grew 13%, when compared to the same period the previous year, namely IDR 1.97 trillion.