KONTAN.CO.ID - JAKARTA. PT BFI Finance Indonesia Tbk (BFI Finance) does not deny that there are challenges that must be faced in distributing heavy equipment financing in the second semester of 2024 until the end of this year.

Deputy Business Director of BFI Finance Rudy Eddywidjaja said that the challenges that will be faced are still the same as in the first semester of 2024, namely global factors, including depressed commodity prices.

"The challenges for the second semester of 2024 are actually the same. Judging from the current situation, we know that commodity prices are starting to be depressed again. There are also many other situations in this world that are indeed very challenging," he said when met at JI-Expo Kemayoran, Friday (13/9).

Nevertheless, Rudy hopes that these challenges can be overcome with optimal handling. He also believes that with the strategy implemented, the company can overcome all existing challenges.

In detail, BFI Finance will implement a prudent strategy in distributing heavy equipment financing. He said that his party would prioritize the distribution of financing to customers who already have a more proper way of doing business and have stability in their business growth.

"We are more heading there. We believe in the strategy going forward and we are optimistic that everything will go well," he said.

Rudy is also optimistic that the company's heavy equipment financing can continue to show growth until the end of this year, even hoping to reach double digits. This is in line with the market share which is still quite potential, marked by development everywhere.

For information, BFI Finance noted that the portion of financing receivables from the heavy equipment financing segment in the first semester of 2024 reached 12.5%. The value of financing receivables from the heavy equipment sector reached around IDR 2.8 trillion or grew 10% YoY.

It was recorded that BFI Finance's managed receivables were worth IDR 22.4 trillion in the first semester of 2024.