In today’s briefing:
- BFI Finance Indonesia (BFIN IJ) – Pole Position in Multifinance
BFI Finance Indonesia (BFIN IJ) – Pole Position in Multifinance
- BFI Finance Indonesia continued to see rapid momentum behind its recovery with new bookings in 2Q2022 hitting all time highs and spreads improving to 13.5% with NPFs declining.
- The company’s growth is driven by the non-dealer used vehicle market with new bookings coming mainly through agents and repeat customers, and digital initiatives in place to improve origination.
- BFIN is the best quality multifinance player in Indonesia, with an ROE now above 21%. There will be more collaboration and synergies with Bank Jago going forward further driving growth.
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