KONTAN.CO.ID - JAKARTA. The Financial Services Authority (OJK) is targeting financing receivables for the financing industry or multifinance to grow 8%-10% in 2025.

Regarding this, PT Mandiri Utama Finance (MUF) sees OJK's projection as optimism amidst market challenges.

"We are confident that the multifinance industry can achieve this target with the right strategy, despite the challenge of slowing vehicle sales," said Head of Corporate Secretary & Legal of PT Mandiri Utama Finance Elisabeth Lidya Sirait to Kontan, Thursday (13/2).

Furthermore, Elisabeth said that MUF is targeting new financing of IDR 25 trillion in 2025. This value has increased by 13.63%, compared to the previous year's target of IDR 22 trillion.

To achieve this target, she said that MUF will continue to strengthen cooperation with dealers, showrooms, and business partners, as well as utilize the captive market from synergies with Bank Mandiri and Bank Syariah Indonesia (BSI).

In addition, MUF will also focus on developing digital services to improve the ease and speed of access to financing for consumers.

Elisabeth said that new vehicle financing is projected to remain the main contributor to the company's portfolio in 2025. MUF estimates that financing for this segment could grow by around 20%, compared to last year.

Elisabeth also assessed that automotive exhibitions, such as the Indonesia International Motor Show (IIMS) and the GAIKINDO Indonesia International Auto Show (GIIAS), have an important role in driving the growth of new vehicle financing this year.

She said that the exhibition is a place for consumers to get the best offers from various automotive brands, supported by attractive financing programs from financing companies, especially MUF.

"Therefore, we will continue to actively participate in automotive exhibitions to expand market reach and increase financing volume," she said.

Despite setting a significant growth target related to new vehicle financing, Elisabeth did not deny that there are also challenges that MUF will face for this segment this year. One of them is still related to national automotive sales.

To overcome these challenges, Elisabeth said MUF will continue to present attractive financing programs, including competitive interest promos, collaboration with automotive brands, and encouraging the electric vehicle segment which shows significant growth.

Meanwhile, Elisabeth said that MUF's financing distribution amounted to IDR 21.6 trillion in 2024. This value increased by 4.5%, compared to the achievement in 2023.