Non-Performing Financing Rises, OJK Says Multifinance Industry Remains Safe

The Financial Services Authority (OJK) recorded that the gross non-performing financing (NPF) ratio for multifinance companies increased to 2.89 per cent in April 2026. Despite the rise, the OJK assesses that the industry’s risk profile remains well-maintained, as the net NPF stood at 0.78 per cent.

Agusman, Chief Executive of Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services Institutions Supervision at OJK, stated that the gross NPF for financing companies rose from 2.83 per cent in March to 2.89 per cent in April 2026. Conversely, the net NPF decreased from 0.8 per cent to 0.78 per cent over the same period.

“The risk profile remains well-maintained with a gross NPF of 2.89 per cent and a net NPF of 0.78 per cent,” Agusman said at the Mid Year Economic Outlook 2026: The New Rules of Survival in Uncertain Times forum in Jakarta on Friday, 26 June 2026.

Meanwhile, financing receivables up to April 2026 grew by 2.08 per cent year-on-year to approximately Rp 515 trillion. According to Agusman, the growth in financing receivables was primarily supported by working capital financing, which increased by 10.6 per cent year-on-year.

Furthermore, the assets of the multifinance industry reached Rp 593.58 trillion as of April 2026. The return on assets (ROA) was recorded at 5.33 per cent, return on equity (ROE) at 14.18 per cent, while the gearing ratio stood at 2.14 times, still well below the maximum limit of 10 times.

Agusman remarked that these indicators show the multifinance industry remains relatively healthy and has room to continue growing. He noted there are still many opportunities that industry players can seize to expand financing. Therefore, he added, the OJK is maintaining its projection for multifinance financing receivables growth at 6-8 per cent throughout 2026.