Bisnis.com, JAKARTA — PT Mandiri Utama Finance (MUF) recorded the highest growth in financing receivables in October 2025 in southern Sumatra.

MUF Director Dapot Parasian S. Sinaga stated that this significant growth was primarily driven by new car financing and productive financing.

"This growth was primarily driven by new car financing and productive financing for MSMEs, which showed increasing demand in these regions," he told Bisnis on Wednesday (11/19/2025).

Dapot continued, explaining that, in terms of overall composition, western Indonesia remains the main contributor to MUF's financing receivables. This is due to its larger economic base and customer base.

However, he added that in recent times, rapid growth has also occurred in Central and Eastern Indonesia. This is driven by infrastructure projects, increased commercial activity, and rising demand for productive financing.

"The most dominant type of financing remains new car financing, followed by productive financing, sharia financing, and electric vehicles, which are currently growing quite rapidly," Dapot stated.

Despite the rapid growth in financing receivables at his company, Dapot emphasized that MUF's overall non-performing finance (NPF) ratio remains under control.

"Kalimantan, for example, despite its rapid growth, actually recorded a very low NPL. We maintain the quality of this portfolio through prudent risk management and appropriate collection strategies," he said.

For information, the Financial Services Authority (OJK) noted that South Papua Province experienced the largest growth in financing receivables from multifinance companies in September 2025. This growth was driven by increased financing for heavy equipment.

Agusman, Chief Executive for Supervision of Financing Institutions, Venture Capital Companies, Micro, and Small, and Medium Enterprises (MFIs), stated that financing receivables in the region grew 126.49% year-on-year (YoY) to IDR 696.54 billion.

In response, MUF views the high economic activity in the Eastern region as a positive sign for the financing industry. In fact, MUF has opened a new branch office in Jayapura this year.

"This step is part of MUF's long-term strategy to serve financing needs in areas with continued economic growth," he concluded.