KONTAN.CO.ID - JAKARTA. The Financial Services Authority (OJK) recorded multifinance companies' financing receivables of IDR 503.43 trillion as of December 2024.

The Chief Executive for Supervision of Financing Institutions, Venture Capital Companies, Microfinance Institutions and Other Financial Services Institutions of OJK Agusman said that the value of financing receivables as of December 2024 grew 6.92% Year on Year (YoY).

The growth in December 2024 was relatively slow, when compared to the position in November 2024.

"Meanwhile, in November 2024 it grew 7.27% YoY with a value of IDR 501.37 trillion," he said in an official statement at the 2025 Financial Services Industry Annual Meeting (PTIJK), Wednesday (12/2).

Agusman explained that the financing risk profile remains maintained, where the Net Non Performing Financing (NPF) was recorded at 0.75% as of December 2024. This value has improved from the previous month which reached 0.81%.

Agusman added that the Gross NPF of financing companies as of December 2024 was 2.70%. This figure has improved compared to the previous month which reached 2.71%.

The gearing ratio of financing companies has increased, namely 2.31 times as of December 2024, while the position in November 2024 was 2.30 times.

"However, it is still far below the maximum limit of 10 times," said Agusman.

Agusman also said that the growth in financing receivables for financing companies is estimated to reach 8%-10% in 2025.