Amid Purchasing Power Challenges, Financing Industry Sees Positive Growth Prospects
Amid purchasing power challenges facing households, the financing industry remains poised for positive growth. PT Mandiri Utama Finance (MUF) is committed to maintaining healthy and sustainable growth in 2026 through a number of strategies.
“Facing 2026, we are not simply chasing volume growth, but ensuring the quality of financing is preserved. Our strategy is selective expansion, strengthening risk management, and optimising potential synergies within the Bank Mandiri and BSI ecosystem,” said Dapot Parasian S Sinaga, Director and Acting President Director of MUF, in Jakarta on Thursday 5 March 2026.
He noted that by the end of 2025 MUF operated 164 branch networks across Indonesia. Going forward, network expansion will continue in a measured manner, focusing on regions with strong growth potential and high financing needs.
On the business front, Dapot said MUF will maximise its entire financing portfolio, including new and used car financing, new and used motorcycle financing, and cash-financing. The company will also increase penetration in the wholesale segment as part of a diversification strategy and to strengthen its business structure.
He added that Ramadan and Eid al-Fitr are key moments, as MUF launched a thematic promo titled Berkah Kendaraan Impian to meet the population’s mobility needs in a more flexible and competitive way.
“Ramadan always represents a moment of increased vehicle demand. Through Berkah Kendaraan Impian, we aim to offer financing solutions that are relevant, yet prudent and measured,” added Dapot.
Ahead of Eid al-Fitr, he said, vehicle financing is projected to remain the dominant segment for family travel, while motorcycles support daily mobility. Cash financing products provide an alternative for people to meet various needs ahead of the holidays.
In line with its sustainable business commitment, MUF recorded financing for electric and hybrid vehicles in 2025 at Rp2.49 trillion, up 99% year on year and accounting for 10% of total financing disbursed. Meanwhile, financing to the productive sector accounted for 23% of total portfolio, reflecting MUF’s active role in supporting real-economy activities.
MUF also sees strong potential from synergies with Bank Mandiri and BSI (Bank Syariah Indonesia). On the funding side, joint-financing schemes strengthen the financing structure to be more efficient and competitive. On the sales side, the captive market within the banking ecosystem provides opportunities to expand for customers with controlled risk profiles.
“Synergy with Bank Mandiri and BSI is not only about funding, but also about expanding access to quality markets. This is our main strength to grow healthily and sustainably,” said Dapot.
In terms of asset quality, MUF has managed to maintain a Non-Performing Financing (NPF) ratio of 1.30% as of January 2026, an improvement from the same period last year at 1.36%. This achievement demonstrates the effectiveness of strengthened risk management and the company’s readiness to anticipate post-Ramadan dynamics.
He emphasised that with selective expansion, stronger synergies, and a focus on sustainable financing and the productive sector, MUF is optimistic about maintaining healthy growth throughout 2026.
The company’s performance and business fundamentals are also reflected in the rating by PT Pemeringkat Efek Indonesia (PEFINDO), which again assigned the idAAA rating with a stable outlook for 2026–2027. This is the highest category awarded by the independent agency and reflects the company’s strong ability to meet its long-term financial commitments.
Throughout 2025 MUF also received awards including the Indonesia Halal Industry Awards 2025 from the Ministry of Industry, recognition from the Directorate General of Taxes as one of the top taxpayers contributing to revenue, and recognition at the Bisnis Indonesia Financial Awards 2025.