KONTAN.CO.ID – JAKARTA. PT Mandiri Utama Finance (MUF) plans organic growth with a variety of strategies that will be launched in 2024. At the beginning of this year, the company is also projected to have targeted financing distribution targets.

MUF President Director Stanley Setia Atmadja said that his party is aiming for organic growth through several strategies.

Among other things, increasing cooperation with various existing marketing channels, and also through network development, both conventional and digital networks.

"So far there are no plans to encourage growth through acquisitions and other corporate actions," he told Kontan.co.id, Tuesday (30/1).

Stanley said that at the beginning of this year his party projected that new financing would be disbursed amounting to IDR 1.8 trillion as of January 2024.

"We project that in January new financing of IDR 1.8 trillion will be disbursed. "Growing almost 5% compared to the same period last year," he said.

Previously, Stanley said, throughout 2023 his party had succeeded in disbursing financing of IDR 20.7 trillion, growing 16% year on year (yoy) compared to the same period the previous year.

Stanley said that the new and used car segments are supporting the company's growth. He said the car segment contributed 80% of the total distribution of new financing in 2023, and grew more than 18% compared to car financing in 2022.

"In 2024, MUF has set a growth target for new financing distribution of 20%," he stressed.