{
    "success": true,
    "data": {
        "id": 1965190,
        "msgid": "multifinance-financing-still-growing-modestly-npf-edges-up-slightly-1788781925",
        "date": "2026-09-07 18:00:04",
        "title": "Multifinance Financing Still Growing Modestly, NPF Edges Up Slightly",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Financing receivables at Indonesian multifinance companies grew just 2.01% year-on-year to Rp513.05 trillion in July 2026, supported mainly by working capital financing. Gross non-performing financing rose to 3.03% from 3.01% in June, though the OJK says the sector's risk profile remains sound, with a gearing ratio of 2.10 times, well below the maximum of 10 times. Multifinance growth lagged far behind peer industries, with online lending up 24.76% and pawnbroking financing up 50.73% year-on-year.",
        "content": "<p>Jakarta, CNBC Indonesia \u2014 Growth in financing receivables at\nmultifinance companies remained limited up to July 2026. Amid expansion\nof only around 2% year-on-year (yoy), financing quality has in fact\nshown a slight increase in risk.<\/p>\n<p>The Financial Services Authority (OJK) recorded financing receivables\nof financing companies at Rp513.05 trillion in July 2026, growing 2.01%\nyoy. This represents a marginal increase compared with June 2026, which\nstood at 1.88% yoy.<\/p>\n<p>Agusman, Executive Head of Supervision for Financing Institutions,\nVenture Capital Companies, Microfinance Institutions and Other Financial\nServices Institutions (PVML) at the OJK, said the growth in financing\nreceivables was mainly supported by an increase in working capital\nfinancing.<\/p>\n<p>\u201cFinancing receivables from financing companies grew 2.01% year on\nyear in July 2026 to Rp513.05 trillion. This was supported chiefly by a\n6.32% year-on-year increase in working capital financing,\u201d Agusman said\nat the OJK Board of Commissioners meeting press conference for August\n2026 on Monday (7\/9\/2026).<\/p>\n<p>However, amid relatively low financing growth, the credit risk of\nfinancing companies has risen slightly.<\/p>\n<p>The OJK recorded the gross non-performing financing (NPF) ratio in\nJuly 2026 at 3.03%, up from 3.01% in June 2026. Meanwhile, net NPF stood\nat 0.81%, unchanged from the previous month.<\/p>\n<p>Compared with July 2025, gross NPF also rose from 2.52% to 3.03%. Net\nNPF, meanwhile, fell from 0.88% to 0.81%, indicating an annual\nimprovement in the net ratio.<\/p>\n<p>Nevertheless, the OJK considers the risk profile of financing\ncompanies to remain sound. This is reflected, among other things, in the\ngearing ratio, which stands at 2.10 times, far below the stipulated\nmaximum of 10 times.<\/p>\n<p>The 2.01% yoy growth of financing companies also lags far behind\nseveral other industries in the PVML sector.<\/p>\n<p>In July 2026, outstanding financing in the online lending industry\n(Pindar) grew 24.76% yoy to Rp105.63 trillion. Meanwhile, financing\ndisbursed by the pawnbroking industry even jumped 50.73% yoy to Rp160.78\ntrillion.<\/p>\n<p>On the other hand, venture capital financing contracted 0.46% yoy to\nRp16.32 trillion. Financing disbursed by Microfinance Institutions (LKM)\nalso contracted 0.40% yoy to Rp1.05 trillion.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/multifinance-financing-still-growing-modestly-npf-edges-up-slightly-1788781925",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}