Two Foreign Investors Set Sights on Multifinance

The Financial Services Authority (OJK) has revealed that investors from Singapore and South Korea are showing keen interest in acquiring multi-finance companies in Indonesia.

Pernita Hestin Untari & Rika Anggraeni

6 Des 2023 - 19.05
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Two Foreign Investors Set Sights on Multifinance

Multifinance activities-Illustration

Bisnis, JAKARTA — The Financial Services Authority (OJK) has revealed that investors from Singapore and South Korea are showing keen interest in acquiring multifinance companies in Indonesia.

Should this materialize, the supremacy of foreign multifinance companies in supporting distribution financing within Indonesia is poised to intensify.

The most recent data from the 2022 Book of Multifinance Institutions, as released by the OJK, indicates a notable shift in the dominance of financing between local and foreign multifinance companies.

Up until the preceding year, outstanding financing receivables from foreign finance companies accounted for IDR 215.7 trillion, constituting 51.64% of the total financing receivables position. This stands in stark contrast to 2021 when the financing receivables landscape was primarily governed by domestic private multifinance companies, commanding 51.7% or IDR 188.9 trillion. (See infographic)

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Aprilian Hermawan
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Two Foreign Investors Set Sights on Multifinance

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