KONTAN.CO.ID - JAKARTA. PT Mandala Multifinance Tbk (Mandala Finance) considers the merger with PT Adira Dinamika Multi Finance Tbk (Adira Finance) to be a strategic step to expand market share.

Mandala Finance Director Danny Hendarko said that this merger is not just a merger, but a synergy between two complementary entities.

"We are sure that with a mutual agreement, we want to grow with this merger to be bigger," he said when met after the public exposure of Adira Finance and Mandala Finance, Monday (6/30).

He added that Mandala customers will directly benefit from this integration. Previously, the company's consumers only served motorcycle financing and cash funds, now they will have access to Adira Finance products such as car and multipurpose financing.

Mandala Finance itself has a strong base in Eastern Indonesia, and focuses on micro financing under IDR 20 million. Meanwhile, Adira Finance's portfolio is more dominant in Central Java and serves financing up to IDR 500 million.

"Not many multifinance companies play in remote areas, Mandala Finance has one advantage there. We hope to contribute," he said.

Furthermore, Danny also said that from the organizational side, Mandala Finance employees will be given the opportunity or offer to join Adira Finance.