KONTAN.CO.ID - JAKARTA. The Financial Services Authority (OJK) projects that problematic financing reflected in the non-performing financing (NPF) ratio in the multifinance industry will still be maintained in the remainder of 2024 and in 2025.

OJK stated that multifinance NPF will still be maintained until September 2024, where gross and net NPF are at 2.62% and 0.81%, respectively. This is reflected in a number of financing companies that recorded NPF ratios that are still in a stable or safe condition.

One of them is PT Mandala Multifinance Tbk (MFIN) or Mandala Finance. Where, its NPF ratio until November 2024 remains stable and maintained and is below the average for the financing industry, which is 2.3%.

Mandala Finance Managing Director, Christel Lasmana explained, to maintain the NPF ratio until the end of 2024, his party is implementing various strategies, namely by maintaining an optimal level of reserves, being more selective in distributing financing, conducting periodic monitoring, and implementing good corporate governance and effective risk management.

"Of course, we hope that the prospects for the financing industry and multifinance NPF will remain positive and maintained in 2025," Christel told Kontan, Tuesday, (10/12).

In addition, Christel said that Mandala Finance is also committed to continuing to provide competitive financing services that are relevant to the needs of the community through the principle of prudence in financing selection and good corporate governance management, to ensure that the financing portfolio remains safe and of high quality.

He said, until the end of November 2024, Mandala showed positive growth with total financing distribution growing by 19% compared to the same period in the previous year.

Unfortunately, Christel did not mention the nominal amount of Mandala Finance's financing distribution until November 2024.

In line with this, the multifinance company CIMB Niaga Auto Finance (CNAF) said that until November 2024, the NPF position was at 1.33% and was still relatively safe when compared to the financing industry trend which was at 2.62% as of September 2024.

"This condition shows CNAF's ability to manage the health of the company's portfolio," said CNAF President Director Ristiawan Suherman when contacted by Kontan, Tuesday (10/12).

Ristiwan explained that CNAF was able to manage the company's NPF figures which were well maintained, one way being to continue to strengthen the customer's Know Your Costumer (KYC) so that it could mitigate the worsening of the company's NPF figures.

In addition, Ristiawan said, CNAF also implemented a Risk Based Pricing strategy which emphasized determining interest rates based on the customer's risk level. Both strategies were implemented to maintain healthy and sustainable business growth.

Meanwhile, CNAF is targeting the company's NPF to be below 1% by 2025. He said that the company is optimistic that it can achieve the target.

"This is driven by one of the strategies that CNAF continues to implement, namely maintaining NPF by continuing to strengthen customer KYC," he added.

As of November 2024, CNAF has recorded a total distribution of new financing reaching IDR 8.79 trillion. This figure grew 11% compared to the same period the previous year which only reached IDR 7.92 trillion.