Jaccs Mitra Pinasthika Mustika Finance Appreciation. A total of 35 finance companies receive awards from the Indonesia Best Multifinance Award 2020 (IBMA 2020). This event is said to be a form of appreciation for the financing industry. It is known, the pandemic has restructure all elements of the economy in the world, including Indonesia.
The Financial Services Industry (IJK) as the backbone of domestic economic activity has so far continue to experience pressure. Demanding that its industrial players be able to survive with a variety of strategies and innovations. The Financial Services Authority (OJK) note that amidst the various pressures that came.
as well as the performance of the domestic multi-finance industry was still able to survive at a value of Rp 518 trillion. This is clearly an achievement that should be appreciate. Even though we also know that the challenges ahead are still formidable. We hope that in the second quarter of next year the economy.
Can grow back by around 4.5 percent, said the President Commissioner and founder of Warta Ekonomi, Fadel Muhammad when opening the Indonesia Best Multifinance Award 2020, Tuesday (27/10/2020). From here, we all also need support from various industrial sectors, including from the multi-finance industry.
As a bounce back so that the economy can recover, he add. On the same occasion, Chairman of the Indonesian Financial Services Association (APPI), Suwandi Wiratno, also express his optimism about the potential and ability of the multi-finance industry to withstand the pressure of this pandemic.
Suwandi stated that based on the association’s records as of August 2020, the value of national financing receivables was minus 12.86 percent. Then, investment financing, which also contributed significantly to industrial performance, was still minus 12.24 percent. Meanwhile, the decline in multipurpose financing.
It was slightly larger, reaching 13.4 percent. On the other hand, we can see that national sales of cars and motorbikes have also dropped dramatically, even touching 10 percent compared to the normal average value before the pandemic. Meanwhile, we know, like it or not, the fact is that 65 percent of our financing industry.
Still depends on the sale of motor vehicles, said Suwandi. However, Suwandi emphasized that the national multi-industry players are still optimistic in seeing opportunities for improvement in the next 2021.