KONTAN.CO.ID - JAKARTA. PT BFI Finance Tbk (BFIN) has prepared a number of strategies to run its business next year.

In the BFI Finance public expose material quoted from the information disclosure on the IDX, Tuesday (11/19), BFIN has conveyed the company's strategy for next year or 2025.

BFI Finance management explained that the company will develop new financial products and optimize products that are currently running, so that they can support the company's business growth targets.

"We will focus on providing customer-centric financial solutions by adjusting the needs of each market segment served through technology support," said management in the information disclosure, Tuesday (11/19).

In addition, product development is also carried out with collaboration with new business partners and expansion of the digital-based financing ecosystem.

The next strategy is to continue the capacity of digital-based information technology and continue modernization as well as strengthening infrastructure and data security.

"We are also developing the latest technology to support the development of technology-based company businesses end-to-end, from origination to billing and consumer service," explained management.

On the other hand, BFI Finance also carries out sustainability programs to improve services and cooperation with consumers, as part of a sustainable partnership program.

Such as increasing the company's service level agreement for the consumer financing service process, especially business capital financing services for business actors.

Then, increasing access to digital-based financing through mobile devices, and increasing the company's contribution through business actors, especially business actors.

BFI Finance also said that the company has no plans to open a new physical branch network. This is because network expansion will focus on improving digital-based services.

For information, until September 2024, BFI Finance posted a net profit that fell 5.2% annually to IDR 1.11 trillion. In this public exposure material, the company also believes that performance will continue to grow amidst macroeconomic challenges.

Until the end of 2024, BFI Finance estimates that total assets will still grow 5% annually. Meanwhile, new financing was recorded at IDR 14.22 trillion, down 1.6% annually. Total equity of IDR 10.25 trillion, up 8.9% year-on-year.

As of September 2024, BFI Finance's gross NPF was recorded at 1.42%, up 59 bps year-on-year. Meanwhile, NPF coverage was stable in the quarter at 2.6 times and increased from 2.2 times year-on-y