PT Federal International Finance (FIF), in collaboration with Mizuho Bank Ltd, MUFG Bank Ltd and Sumitomo Mitsui Banking Corporation Singapore Branch, has succeeded in obtaining a loan worth US$ 60 million aimed at integrating sustainable financing.
Founded in 1989, PT FIF operates in the leasing, factoring and consumer financing sectors. Over time, the company focused on retail consumer financing.
The facilities received are a manifestation of the company’s commitment to integrating sustainable practices into operations, especially in the financing sector, which is claimed to be in line with the global commitment to achieving the Sustainable Development Goals (SDGs).
FIF launched this loan facility as an initial initiative in continuing the company’s commitment to supporting the implementation of sustainability. This collaboration signing program is in line with FIF’s mission to bring a better life to society.
Valentina Chai, FIF Finance Director said that in celebrating PT FIF’s 35th anniversary and in order to support the implementation of SDGs, we are implementing sustainable practices, especially in the financing sector.
In an effort to support the green economy, environmentally friendly financing is also offered in this facility.
He added that the loan facility will be managed as business capital in distributing financing that has an impact on society and the environment, including women and people with disabilities among the groups who will benefit.
On the other hand, the company also distributes financing facilities through 3 products such as Fifastra, Spektra and Finatra. All three focus on their respective superior services.
One of them is offering electronic equipment credit, as well as providing business capital for MSMEs.
Earlier, PT FIF said at the Annual General Meeting of Shareholders (AGMS) that net profit in 2023 had reached IDR 4.1 trillion, or grew 29.4 percent compared to 2022 which only reached Rp3.2 trillion. This company’s performance achievement is also the first time since the company was founded in 1989.
Meanwhile, the company’s Non-Performing Finance (NPF) in 2023 will only be 0.98 percent. Based on the determination of the Financial Services Authority (OJK), this value is still considered very healthy.
