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June 25, 2025

Clipan Finance Heavy Equipment Financing Reaches IDR 200 Billion by May 2025

KONTAN.CO.ID - JAKARTA. Financing company PT Clipan Finance Indonesia Tbk (CFIN) recorded heavy equipment financing distribution of more than IDR 200 billion until May 2025.

Clipan Finance President Director Harjanto Tjitohardjojo said that amid the current trend of coal price volatility, it could trigger a delay in expansion in the mining sector.

"This could ultimately affect demand for heavy equipment financing. However, the company's heavy equipment financing performance still shows positive growth," he told Kontan, Tuesday (6/24).

Clipan Finance said that heavy equipment financing distribution was dominated by the mining, plantation, and industrial forestry sectors.

Furthermore, Clipan Finance's main strategy to optimize heavy equipment financing performance is to prioritize financing to main debtors (prime customers) and expand service coverage by expanding the branch network.

"We continue to prioritize the principle of prudence in financing distribution by increasing natural resources," he said.