JAKARTA. PT Mandiri Utama Finance (MUF), a subsidiary of PT Bank Mandiri (Persero) Tbk (BMRI), has received an “idAAA” rating from the Indonesian Securities Rating Agency (Pefindo).

The ratings represent a number of assessments of MUF's performance, including total loan disbursement. Throughout 2022, the amount of new financing disbursed by MUF was recorded at IDR 17.9 trillion. This figure is up 54% on a year-on-year (yoy) basis or on an annual basis.

Meanwhile, the amount of new financing disbursed by MUF until the first quarter (Q1) of 2023 was recorded at IDR 5.23 trillion. The number of new financing disbursed in this period rose 40.9% yoy.

Stanley Setia Atmadja, President Director of MUF, said that the company's performance this year has received support from various factors. "Such as Indonesia's post-pandemic economic situation which has improved our business growth, the opening of a new MUF network that expands our reach, and the development of new products," said Atmadja, through an official statement.

As of the first semester (1H) of 2023, MUF has 148 conventional office units spread across various regions. In addition, the company has also developed 152 sharia office network units.

Please note, the "idAAA" rating received by MUF is the highest rating received from Pefindo. "This idAAA rating will motivate MUF to continue to innovate, provide the best service, and create added value for all stakeholders," said Atmadja. (KR/LM)