KONTAN.CO.ID - JAKARTA. The growth of the financing industry (multifinance) has shown a slowing trend in recent years.

PT BFI Finance Indonesia Tbk (BFIN) or BFI Finance noted that this condition was influenced by high volatility due to uncertainty in economic policies and geopolitical risks, including the impact of the global trade war.

BFI Finance Corporate Communication Head Dian Ariffahmi revealed that this pressure also affected people's purchasing power which was restrained and the declining stability of commodity prices.

"This has the potential to increase the ratio of non-performing loans or non-performing financing (NPF), which needs to be seriously anticipated," Dian told Kontan.co.id, Tuesday (6/5).

However, BFI Finance has been able to maintain the growth of net financing receivables consistently in the last three years. In 2022, net receivables were recorded at IDR 19.6 trillion.

This figure will increase to IDR 20.8 trillion in 2023, and increase again to IDR 22.1 trillion in 2024. Until the first quarter of 2025, BFI Finance's net receivables have reached IDR 22.8 trillion.

Dian added that the company continues to strengthen its business fundamentals by maintaining the quality of its financing portfolio.

The main strategy implemented is to tighten the risk assessment process (underwriting) and increase collection capabilities.

"Our strategy remains focused on risk mitigation through prudent portfolio management and being alert to external conditions," he explained.

This step is part of BFI Finance's efforts to maintain solid performance amidst the challenges of the financing industry that has not fully recovered.