JAKARTA (Yosefardi) – Multifinance industry booked net profit of Rp5.45 trillion in first half of 2016, declined 3.71% from Rp5.66 trillion in the corresponding period of 2015.
The Financial Services Authority (OJK) reported multifinance’s financing increased 0.8% to Rp372.90 trillion, from Rp369.9 trillion in first half of last year.
Operating profit rose 6.14% to Rp42.18 trillion while operating expenses increased 3.41% to Rp34.88 trillion.
Adira Finance has recently obtained loan facility commitment of US$225 million, to fund its expansion of financing.