KONTAN.CO.ID - JAKARTA. PT Mandala Multifinance Tbk (MFIN) has taken a strategic step by preparing a merger plan with PT Adira Dinamika Multi Finance Tbk (ADMF). This action aims to strengthen the company's fundamentals and expand its business capacity sustainably.

According to the information disclosure presented in the Indonesia Stock Exchange (IDX) on Wednesday (July 23), MFIN stated that this merger is part of Mandala Finance's long-term strategy to strengthen business sustainability and improve operational efficiency.

The first synergy is aimed at expanding its customer base. This merger opens opportunities to reach a broader market segment, including new customers with diverse characteristics.

Mandala Finance sees significant potential in developing more varied and integrated financing products, including optimal cross-selling opportunities between existing MFIN and ADMF customers.

In terms of governance, Mandala will adopt ADMF's procedural capabilities and risk management framework. This aims to improve operational standards and strengthen compliance.

The merger also includes the alignment of its branch network. By integrating the distribution and branch capabilities of both entities, Mandala hopes to expand its service reach to customers, particularly in areas with high growth potential.

In terms of partnerships, the merger will expand financing product acquisition and distribution channels by leveraging ADMF's established network of business partners.

Mandala Finance is consolidating the knowledge and resources of ADMF and MFIN to improve productivity and efficient resource management, particularly for key positions.

The final synergy targets strengthening the agent network. Mandala will consolidate ADMF's agent network to expand customer acquisition coverage, both for new financing and renewals. Mandala Finance targets the merger to be legally effective on October 1, 2025, and operationally effective on October 1, 2026.