{
    "success": true,
    "data": {
        "id": 1826671,
        "msgid": "ojk-multifinance-industry-can-grow-8-in-2026-1782510623",
        "date": "2026-06-27 04:07:00",
        "title": "OJK: Multifinance Industry Can Grow 8% in 2026",
        "author": "Andhika",
        "source": "MEDIA_INDONESIA",
        "tags": "",
        "topic": "Finance",
        "summary": "Indonesia's Financial Services Authority (OJK) remains optimistic that the multifinance industry will achieve 6-8% growth in 2026, supported by positive first-quarter trends. The sector recorded a 2.08% year-on-year increase in financing receivables by April, driven by strong performance in working capital and household financing. OJK has introduced deregulatory measures, including zero down payments for vehicle financing and relaxed collateral rules for MSMEs, to sustain this momentum.",
        "content": "<p>The Financial Services Authority (OJK) is optimistic that the\nmultifinance industry is on track to achieve its target of 6-8% growth\nin financing receivables throughout 2026. This confidence is supported\nby the positive growth trend maintained into the first quarter of the\nyear. Agusman, Chief Executive of the OJK\u2019s supervisory body for\nfinancing institutions, venture capital, microfinance, and other\nfinancial services, stated that as of April 2026, the industry\u2019s\nfinancing receivables grew by 2.08% year-on-year. \u201cWe are confident,\nwith the support of all industry players, that the 6-8% growth outlook\nfor financing receivables we set at the beginning of 2026 is, God\nwilling, still on track,\u201d Agusman said during the Mid-Year Economic\nOutlook 2026 event in Jakarta on Friday (26\/1). To meet this target, the\nmultifinance industry is expected to need to realise approximately Rp30\ntrillion in additional financing by the end of the year. As of April\n2026, total new financing disbursed reached around Rp9 trillion,\nbringing the industry\u2019s total financing receivables to Rp514.65\ntrillion. This growth was primarily supported by working capital\nfinancing, which increased by 10.6% compared to the same period last\nyear. In terms of distribution, the wholesale and retail trade sector\nremained the largest recipient of financing, with a value of Rp90\ntrillion, accounting for approximately 17% of the total portfolio. The\nleasing sector followed with a financing value of Rp58 trillion. Agusman\nalso highlighted the high growth in household sector financing, which\nsurged by approximately 28% year-on-year to Rp43 trillion. \u201cWhat is\nsurprising is that the household sector is the one growing remarkably,\naround 28% year-on-year,\u201d he noted. Furthermore, OJK sees increasing\ngrowth opportunities in sustainable financing, including electric\nvehicle financing, which rose by 32% to Rp23 trillion. To maintain the\nindustry\u2019s growth momentum, OJK has issued several deregulatory\npolicies, including providing flexibility for zero down payments on\nmotor vehicles for qualifying finance companies. The authority has also\nremoved collateral requirements for working capital financing for MSMEs\nwith financing values up to Rp100 million. Additionally, the core\ncapital to paid-up capital ratio requirement for finance companies has\nbeen lowered to 50% from the previous 150%. \u201cAll these deregulations are\nintended not only to boost multifinance businesses but also to provide\nthe best services for the public in need of financing,\u201d Agusman stated.\nFrom a fundamental perspective, the industry\u2019s condition is considered\nhealthy. As of April 2026, total assets of finance companies reached\nRp593 trillion, with a gearing ratio of 2.14 times, well below the\nmaximum limit of 10 times. Meanwhile, financing quality remains\nmaintained, with a gross Non-Performing Financing (NPF) ratio of 2.89%,\nproviding room for the multifinance industry to continue growing while\nsupporting real sector financing throughout the year.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-multifinance-industry-can-grow-8-in-2026-1782510623",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}