KONTAN.CO.ID - JAKARTA. PT CIMB Niaga Auto Finance (CNAF) recorded growth in new financing distribution worth IDR 4.48 trillion until May 2025.

CNAF President Director Ristiawan Suherman explained that the amount grew by 14.7% compared to the same period last year which was IDR 3.90 trillion.

He said that this growth was inseparable from the company's strategy which is still focused on financing new cars, used cars, and funding facilities or refinancing.

"CNAF also took advantage of the momentum of yesterday's interest rate cut as an opportunity to be more aggressive in distributing financing," Ristiawan told Kontan, Thursday (5/6).

According to him, the decrease in interest rates provides a positive stimulus for people to replace their vehicles or take advantage of cash financing.

On the other hand, Ristiawan said that his party is also optimizing the distribution of funding facility financing, which now has more room after the approval of the latest POJK with a maximum limit of IDR 10 trillion.

Furthermore, until May 2025, the company's non-performing financing (NPF) ratio was recorded at 1.32%.

"We apply a stricter profile and character analysis of prospective customers with the support of the application score method to support financing decisions," said Ristiawan.