Multifinance assets would reach Rp200 trillion

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Financing Companies Association of Indonesia (APPI) is still projected growth of the company’s assets this year multifinance Rp200 trillion.

Achievement considering the prediction of assets in November last year reached Rp173 trillion, approaching the highest levels that occurred in November 2008.

Chairman APPI Wiwie Kurnia said that multifinance asset growth beyond expectations because of slowing pertubuhannya had predicted earlier in the year.

However, after the semester II/2009, penetration and business expansion multifinance high enough along with a recovering economy that continues to increase assets. APPI December last year predicted could be closed Rp170-Rp175 trillion trillion.

“We still maintain our predictions about the asset multifinance because it strongly supports the economic conditions right now. Target assets of Rp200 trillion,” he told the press in Jakarta today.

Data Bank Indonesia as of November last year showed multifinance assets rose to Rp173, October 5 trillion of which only Rp168, 9 billion. In 2008, assets multifinance reached its highest level in November of Rp174, 1 trillion.

According to him, the current financial industry optimistic at this year along with national economic expectations are also growing.

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