JAKARTA. PT BFI Finance Indonesia Tbk (BFIN), a consumer finance company, posted new financing of IDR 14.5 trillion in the third quarter (Q3) 2023.

BFIN's new financing in Q3 2023 increased 5.3% yoy, or compared to the same quarter last year. Compared to the second quarter (Q2), the company's new financing increased by 4.3%.

Most of BFIN's new financing came from the four-wheeled vehicle refinancing segment, which contributed 58.3% to total revenue. This financing segment also contributed to the increase in the company's assets by up to 20.8% in Q3 2023, to IDR 20 trillion.

Sudjono, Finance Director of BFIN, said that the company's asset growth was also accompanied by liquidity and profitability conditions at safe levels. The company did this while maintaining the gross non-performing financing (NPF) ratio at 2.02% and net NPF at 0.36%.

"We are quite agile in dealing with the dynamics of developments in external conditions and also of course internal company conditions," said Sudjono.

Meanwhile, revenue recorded by BFIN in Q3 2023 reached IDR 4.8 trillion, growing 23.9% yoy. Meanwhile, profit after tax fell slightly to IDR 1.2 trillion, from IDR 1.3 trillion in the same quarter last year. (KR/LM)