Adira Finance Projects an Increase in Vehicle Financing During Ramadan This Year

CORPORATE STRATEGIC - JAKARTA. PT Adira Dinamika Multi Finance Tbk (Adira Finance) projects an increase in vehicle financing during Ramadan this year.

"This is supported by the solid purchasing power of the community and the level of community consumption," said Adira Finance Portfolio Director Harry Latif to Kontan, Monday (4/3).

Harry stated overall, Adira Finance targets total new financing to grow about 10%-12% in 2024. He said this projection figure emerged considering the projection of Indonesia's economic growth which is still quite strong this year at about 5% Year on Year (YoY).

Meanwhile, Harry explained Adira Finance recorded new financing of IDR 3.6 trillion in January 2024. He said this value increased by 4% YoY.

"The contribution of the car financing segment was recorded at 43%, while the motorcycle segment was recorded at 37%, and the non-automotive segment was recorded at 20%," said Harry.