Jakarta, CNBC Indonesia \u2014 The Financial Services Authority (OJK) has\nhighlighted the repayment capacity of debtors at multi-finance\ncompanies, which is beginning to face challenges. This condition is a\nconcern amid limited financing growth.<\/p>\n
Deputy Commissioner for Supervision of Financing Institutions,\nVenture Capital, Microfinance Institutions, and Other Financial Services\nInstitutions at OJK, Jasmi, stated that the multi-finance industry needs\nto maintain financing quality as debtor repayment ability appears\nincreasingly challenging.<\/p>\n
\u201cAnother thing that needs to be conveyed is how we can also maintain\nfinancing conditions amid the debtors\u2019 repayment ability, which is\nstarting to look challenging,\u201d Jasmi said at a CNBC Indonesia event on\nTuesday (11\/8\/2026).<\/p>\n
Based on OJK data as of June 2026, multi-finance company receivables\nwere recorded at Rp511.26 trillion, growing 1.88% year-on-year (yoy).\nThis growth slowed compared to December 2024, which reached 6.92%, and\nwas slightly thinner than the 1.96% growth recorded in June 2025.<\/p>\n
Amid this limited growth, the gross non-performing financing (NPF)\nratio for multi-finance firms was recorded at 3.01% in June 2026. This\ngross NPF figure edged down slightly from 3.06% in May 2026, but the\nlevel remains higher than the 2.55% recorded in June 2025. Meanwhile,\nnet NPF was recorded at 0.81% in June 2026, down from 0.85% in May 2026\nand 0.88% in June 2025.<\/p>\n
Jasmi stressed that financing quality must remain a focus for the\nindustry. \u201cVarious challenges faced include the NPF, which must be\nmaintained properly,\u201d he said.<\/p>\n
Beyond debtor repayment capacity, Jasmi highlighted the need for\nproper management of collections. He noted that these issues could\nincrease the industry\u2019s challenges in channelling financing, both for\nnew and existing loans. \u201cVarious collections and so on, the impacts and\nso forth. If not managed properly, this could potentially increase the\nchallenges for conducting financing in multi-finance, both for new and\nfor ongoing ones,\u201d he explained.<\/p>\n
On the other hand, the multi-finance industry is also facing\nchallenges from interest rate changes, the need for innovation, and\nbusiness model adjustments. These conditions increasingly demand that\nfinancing companies maintain the quality of their financing\nportfolios.<\/p>\n
Jasmi said the OJK is continuing to strengthen the multi-finance\nindustry, including in terms of governance and risk management. \u201cWe are\ncontinuing to carry out a series of policies related to strengthening,\nboth in terms of governance and risk management,\u201d Jasmi said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ojk-flags-debtor-repayment-woes-as-multifinance-npf-hits-3-1786420335", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }