Financing Adira Finance will slow this year

JAKARTA. Manajemen PT Adira Dinamika Multifinance Tbk (ADMF) believe disbursement of credit financing by 2012 this could be increased compared with last year. However, the distribution of financing growth target this year is smaller than the previous period. Adira Finance Management only set a target growth of 10% financing.

I Dewa Made Susila, Adira Finance Director Finance, projecting, financing disbursement in 2011 of around Rp 30 trillion to Rp 31 trillion, grew by 25% than in 2010. "Targeting the year 2012 of about Rp 34 trillion, or grew about 10% only," said Made, Monday (2 / 1).

The growth was slower than last year due to sales of automotive passion is not as tight as last year. In 2011, sales of four-wheeled vehicle can grow more than 10% or exceeded 900,000 units. Sales of motorcycles drove up to 8 million units more or grew about 10%. "This year, car sales could grow 10%, but if the bike is only about 5%," said Made.

The reason, the motorcycle market in the island of Java is already saturated. In fact, Java has been a major market sales of motorcycles.

Made add, Adira require additional funding to achieve those targets. The fund is to finance automotive loans. "Most do not require funding of about USD 3.5 trillion," said Made.

The plan, management of Adira Finance will seek funds through capital markets. They will issue bonds. Unfortunately, Made still keeping the debt issuance plans.