The surge in interest rates remaining at high levels has forced financing industry players to rack their brains to maintain a balance between growth rate and profitability. For multifinance companies, this challenge is doubled, ranging from swelling cost of funds to the risk of declining credit portfolio quality due to economic dynamics.
Facing this macroeconomic situation, PT BRI Multifinance Indonesia (BRI Finance) has chosen to focus on strengthening its business fundamentals. This state-owned enterprise (BUMN) subsidiary is implementing funding efficiency strategies, more selective credit expansion, and tighter risk supervision to ensure business sustainability.
BRI Finance Corporate Secretary, Aditia Fakhri Ramadhani, emphasized that interest rate movements are a crucial external variable that is continuously monitored periodically. Although it directly impacts the industry's cost structure, the company has prepared a series of tactical mitigations to ensure competitiveness in the market remains maintained.
As an anticipatory step against the shrinking of financing margins, BRI Finance is actively reviewing its product pricing policy. Periodic evaluations are carried out by assessing the financial capability of customers and the market competition map so that the offered schemes remain competitive yet safe for the company's liquidity.
In terms of liability management, diversifying funding sources is a main pillar. BRI Finance combines bank loans, bond issuance, and optimization of joint financing schemes with its parent company, PT Bank Rakyat Indonesia (Persero) Tbk.
Downstream, BRI Finance is tightening the selection process for prospective debtors (underwriting) to minimize the non-performing financing (NPF) ratio. The management is optimistic that close collaboration within the BRI Group ecosystem and discipline in managing risks will keep the company's portfolio healthy and growing positively in a sustainable manner.
