Jakarta, 3 August 2016 – PT Mandiri Tunas Finance (MTF), a financing company resulting from the joint venture of PT Bank Mandiri Tbk and PT Tunas Ridean Tbk posted quite satisfactory performance in the second quarter of 2016, as seen from the increase in financing which has increased compared to the same period last year as well as the Company's Rating which is experienced an increase from _IdAA (double A) to _idAA+ (double A plus) based on the rating from PEFINDO, also with many new branches to support MTF's plan to serve the Indonesian people as a whole .

 

In the midst of conditions where car sales have not experienced a significant increase since experiencing a decline in 2015, Gaikindo data shows that up to Q2 2016 national car sales only grew slightly by 1% from 525,491 units to 531,929 units.

 

Main Director of MTF, Ignatius Susatyo Wijoyo, said that it cannot be denied that the decline in car sales will have an impact on the financing business line. “In the midst of sluggish automotive sales, MTF continues to maintain good performance with various creative marketing strategies by continuing to issue attractive financing programs,” said Susatyo.

 

In the period January - June 2016, financing reached IDR 9.7 trillion or grew 24% compared to the same period in 2015. The New Car financing segment reached 96%. In 2016 the Company projects new financing to reach IDR 18 trillion. In Q2 2016, specifically New Car financing grew 25% compared to the same period in 2015, while on a unit basis it grew 4.3%. The New Car segment is dominated by the Toyota, Honda, Mitsubishi, Daihatsu and Suzuki brands.

 

The Company's revenue in the Q2 2016 period was recorded at IDR 1.2 trillion or grew 32%. Amidst the slowdown in the financing industry, MTF posted a Profit for the Year of IDR 167 billion, an increase of 9.6% in Q2 2016. With the growth in financing, managed financing receivables (NSA) increased to IDR 29,706 billion as of June 30 2016. The Company is targeting Profit for the Year In 2016 it reached IDR 333 billion while maintaining NPF below 1.5%.

 

MTF has prepared various strategies to achieve the company's targets until 2016. First, MTF launched product innovation and a new car financing program. Until the end of August, the “1 Year Fuel Free” It can still be obtained by consumers who buy cars on credit through MTF. Not only that, MTF also provides other financing programs to make things easier for the community, including multipurpose financing programs and trade-in programs.

 

Secondly, the strategy carried out by MTF is to regularly hold automotive exhibitions, namely MTF Autofiesta and Mandiri Autofiesta. MTF autofiesta, successfully held in three cities; Lampung, Medan and Palembang as well as taking part in the Mandiri Autofiesta in Bandung and Yogyakarta. In the near future, MTF will also enliven the biggest GIIAS automotive exhibition which will be held 11-21 August, at the GIIAS event MTF will launch the “Smart Flower” financing product. SMART INTEREST, starting from 2.55%, DP 50%, tenor up to. 5th ; 3.49%, DP 30%, tenor up to. 5th ; & 3.75%, DP 25%, tenor up to. 7th. More than that, there are many other benefits that consumers can get who make special GIIAS purchases, including 0% interest for a 1 year term, direct prizes on board the unit, e-money, discount vouchers and merchandise/souvenirs.

 

Most recently, MTF collaborated with the Alfa Group (Alfamart, Alfamidi, and Lawson) in the field of payment channelsl. This collaboration, which has been going on since last April, continues to experience an increase in the number of customers paying their installments through the 12,000 Alfamart, Alfamidi and Lawson networks. As of July 2016, the number of customers who paid installments via Alfa Group had reached 8,114 customers, a significant increase since April of 1,187 customers.

 

In 2016, the company plans to open a new branch office in Luwuk (Central Sulawesi) as well as several new satellite offices in Baubau (Sultra), Poso (Central Sulawesi), Ternate (North Sulawesi), Air Molek (Riau), Pematang Siantar (North Sumatra) , Penarik (Bengkulu), Pangkalan Bun (Central Kalimantan), Ketapang (Kalbar), Berau (Kaltim) and Tenggarong (Kaltim) and in 2017 the Company will start expanding new networks in Eastern Indonesia, especially in the provinces of Maluku, North Maluku, Papua and West Papua to encourage market penetration.