- CEO
- Sutadi Tan
- Full Time Employees
- 10,540
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- BFI Tower Tangerang Selatan BT Indonesia 15322
- IPO Date
- May 16, 1990
- Business
- PT BFI Finance Indonesia Tbk (BFIN.JK) operates as a leading multifinance company in Indonesia, providing a comprehensive range of secured and unsecured financing solutions including investment financing, working capital loans, multipurpose consumer financing, sharia-compliant products, finance leases, sales and leaseback arrangements, heavy equipment and machinery financing, property-backed loans (such as house and shophouse financing), new and used car financing via dealers and sales representatives, used motorcycle financing, and financing for trucks, public transportation, and other equipment across sectors like mining, construction, agriculture, manufacturing, trading, services, infrastructure, and transportation. The company serves middle- to lower-income consumers, small businesses, and corporate clients through its Cars, Motorcycles, and Others segments, with operations spanning Java, Kalimantan, Sumatra, Sulawesi, and most regions of Indonesia via over 200 branches. Founded in 1982 as PT Manufacturers Hanover Leasing Indonesia—a joint venture between U.S.-based Manufacturers Hanover Leasing Corporation and local partners—and headquartered in Jakarta, BFI Finance became the first multifinance firm listed on the Indonesia Stock Exchange in 1990; its majority shareholder is the Trinugraha Capital & Co SCA consortium (51.12%), including entities like Bravo Capital Holding and Northstar Group.
In recent developments, BFI Finance reported new financing disbursements reaching IDR 14.2 trillion through the first nine months of 2024, a 19.1% quarter-on-quarter increase, with managed receivables at IDR 24.1 trillion (up 5% year-on-year) and net profit of IDR 1.1 trillion on revenue of IDR 4.7 trillion; gross non-performing financing stood at 1.42% and net at 0.27%, supported by a healthy gearing ratio of 1.1. The company executed share buybacks totaling over 21 million shares in 2025, including 13.13 million shares as of September 15 at fluctuating market prices and a prior tranche of 8 million shares on August 29 at IDR 785.9 per share. Additionally, BFI Finance completed a IDR 902.4 billion dividend distribution for fiscal 2024 in the second quarter of 2025, redeemed IDR 385 billion in maturing Sustainable Bonds V Phase IV (Series B) on April 14, 2025, and issued IDR 1 trillion in new Sustainable Bonds VI Phase II Year 2025 to fund working capital across investment, working capital, and multipurpose financing. Since 2018, it has operated a Sharia Business Unit offering used car purchases and multipurpose sharia financing without fines or penalties, alongside digital enhancements like loan management systems and expanded branch networks for rural outreach.