Adira Projects Electric Vehicle Financing Can Reach IDR 100 Billion

Armfalcon.com, JAKARTA — PT Adira Dinamika Multi Finance Tbk (Adira Finance) is targeting the growing population of battery-based vehicles in the Indonesian automotive market. Adira also believes that he can penetrate financing of up to IDR 90 billion to IDR 100 billion in 2023.

“We have indeed set a target of Rp. 70 billion to Rp. 80 billion. However, with continued positive developments, we are confident that we can reach Rp. 90 billion to Rp. 100 billion,” said Adira Finance Portfolio Director Harry Latif to the media crew during the Halal Bihalal event. in Jakarta, Tuesday (10/5/2023).

According to Harry, more and more automotive manufacturers, both two-wheeled and four-wheeled, are offering their electric vehicles for the Indonesian automotive market. Until the first quarter of 2023, Adira Finance managed to finance around IDR 25 billion. This positive response has made Adira Finance confident to face 2023.

Overall, Adira Finance also posted positive results in the first quarter of 2023. Adira Finance managed to earn revenue of IDR 2.2 trillion and manage financing of IDR 48.3 trillion, with a net profit of IDR 417 billion.

In addition, Adira Finance managed to maintain Non-Performing Financing (NPF) of 1.5 percent and a credit rating of Baa1/stable (above RI’s sovereign rating) from Moody’s and BBB from Fitch Ratings.

Main Director of Adira Finance, Dewa Made Susila said, along with the positive growth of the Indonesian economy, domestic GDP growth reached 5.03 percent in the first quarter of 2023 and the inflation rate showed a downward trend in March 2023 to 4.97 percent from 5.51 percent. , Adira Finance shows business growth.

“The company managed to record total new financing which grew by 48 percent year on year (yoy) to IDR 10.6 trillion, in which the total new financing was dominated by the contribution of car financing, which was 45 percent, followed by motorcycle and non-automotive financing, respectively, at 36 percent and 19 percent,” Dewa said at the location The same.

To maintain this positive achievement, Adira Finance will carry out several activities that have a positive impact on customers, business partners, employees and the general public, including the Adira Festival, which is an event that facilitates and becomes a place for collaboration between the company’s ecosystem.

This event will be held for the first time in the second half of this year in five cities representing Adira Finance’s regions or business areas throughout Indonesia.

source : Between