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The Indonesia Premium Database now includes financial data of multi-finance companies in its monetary datasets.
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Multi-finance companies serve as alternative lenders in Indonesia’s financial sector, offering a broad range of services including consumer financing, leasing and factoring. However, these institutions do not offer deposit facilities. As of 2013, there were an estimated 202 approved multi-finance companies.
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These financial datasets are sourced from the Indonesian Financial Services Authority (OJK) and cover the number of companies, their aggregated balance sheets, aggregated income statements and their associated off-balance sheet financing.
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Leasing has emerged as the largest growth driver of revenue in recent years, comprising IDR14.0 trillion in operational revenues in 2013 compared to IDR11.84 trillion and IDR7.3 trillion in 2012 and 2011 respectively. However, consumer finance comprises the lion’s share of operational revenue, equivalent to 73.4% of total operational revenues.
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While multi-finance companies enjoy lower regulation in relation to the banks, they are governed by the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK), although recent changes may see the OJK taking over the oversight, supervision and regulation of multi-finance companies.
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| CDM Reference: |
| Indonesia Premium Database |
| + Monetary |
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+ Multifinance Statistics
+ Table ID.KAJ001: Number of Company
+ Table ID.KAJ002: Assets and Liabilities: Financing
+ Table ID.KAJ003: Income Statement: Financing
+ Table ID.KAJ004: Off Balance Sheet: Financing
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