28/05/2024. JAKARTA – PT BNI Multifinance (BNI finance) shows its commitment to increasing assets and financing under management, as evidenced by positive achievements in the first quarter of 2024.
BNI finance recorded new financing disbursements (new bookings) of IDR 1.49 trillion in Q1 2024, jumping 433% compared to the same period the previous year (YoY). Of the total, IDR 1.4 trillion was channeled for consumer financing and IDR 94 billion for investment financing.
BNI finance's total assets in Q1 2024 reached IDR 4.63 trillion, an increase of 268% compared to the same period in 2023 which was recorded at IDR 1.25 trillion.
BNI Finance Business Director Albertus Henditrianto is optimistic that BNI Finance's performance will continue to grow amid dynamic global conditions. “This ability is supported by the implementation of prudent risk management to maintain the quality of financing,” said Albertus.
This effort is reflected in BNI finance's Non Performing Financing (NPF) ratio in Q1 2024 which was recorded at 1.5%, higher than the NPF ratio in March 2023 which amounted to 3.0%.
BNI Finance's positive performance is proof of BNI Group's commitment to transformation, not only at BNI, but also at its subsidiaries. This transformation was carried out through various initiatives, including digitization of business processes, development of new products and services, and expansion into new markets.
BNI finance's achievements were also appreciated with prestigious awards. In early April 2024, BNI Finance won “The 3rd Best Financing Company 2024” award for the IDR1 trillion-IDR5 trillion asset category in the Digital Brand Awards 2024 event organized by Infobank Media Group. This award was achieved for the company's brilliant performance in 2023.
“This award is proof of BNI finance's competitive ability through digital transformation and systems that support the company's business processes. This is also a motivation to further improve and provide the best service,” concluded Albertus.
BNI finance also shows its optimism towards Indonesia's economic growth prospects with business expansion plans in 2024. The company will add new branch networks in 22 potential cities.