OJK records new financing by multifinance reaching Rp78.16 trillion in January 2026

(The following is the cleaned and translated article body in British English.) The disbursement was dominated by multi-purpose financing, accounting for 47.47 percent. The Executive Head of the Supervisory Directorate for Financing Institutions, Venture Capital Companies, Microfinance Institutions and Other Financial Services Institutions (PVML) at the Financial Services Authority (OJK), Agusman, said that new financing disbursements in the multifinance industry amounted to Rp78.16 trillion in January 2026. ‘The disbursement was dominated by multi-purpose financing, at 47.47 percent. In nominal terms, multi-purpose financing reached Rp37.10 trillion, investment financing Rp18.72 trillion, and working capital financing Rp17.04 trillion,’ Agusman said in a formal statement received in Jakarta on Friday. He said the working capital financing segment is expected to remain a key pillar supporting growth in the multifinance industry in 2026, in line with rising community needs in the procurement of goods and services and business expansion. He noted that this is reflected in the growth of multifinance financing receivables in South Papua Province, which recorded the highest year-on-year growth nationally in January 2026, at 116.09%. Agusman said the significant expansion in that region was partly driven by higher financing for heavy equipment totalling Rp484.69 billion. In addition, the improvement of the automotive market at the start of this year also signals a positive growth prospect for multifinance financing in the vehicle sector. He said that from 2022 to 2025, four-wheeled vehicle financing receivables grew at an average annual rate of 6.80 percent, while financing for used four-wheeled vehicles recorded a higher average growth of 12.75 percent year on year. He stated that as of January 2026, total disbursement for four-wheeled financing stood at Rp229.43 trillion. Meanwhile, financing for electric vehicles in January 2026 grew 39.13 percent year on year to Rp21.05 trillion, driven by increased sales of electric vehicles and expected to remain positive in 2026 in line with the vehicle electrification trend. Given the expansion of business and positive momentum in the automotive sector, Agusman described the industry receivables growth projection of 6-8 percent for 2026 as realistic. ‘To achieve this, companies need to optimise the potential of prospective sectors and regions while maintaining asset quality and risk management,’ he said.