PT Mizuho Leasing Indonesia Tbk
VRNA.JK
Indonesia Stock Exchange71.00
IDR
-4.00
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PT Mizuho Leasing Indonesia Tbk
VRNA.JK
(Indonesia Stock Exchange)
Recent
price
71.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- PT Mizuho Leasing Indonesia Tbk is a finance leasing and consumer finance company headquartered in Jakarta, Indonesia, operating primarily in retail and corporate finance sectors. Founded in 1993 and formerly known as PT Verena Multi Finance Tbk until its rebranding in 2022, it is a subsidiary of Mizuho Leasing Company, Limited, part of the Mizuho Leasing Group from Japan. The company provides a wide range of products and services including retail financing solutions such as used car financing, multipurpose financing for home renovations, travel, education, wedding, and medical expenses, as well as agricultural financing aimed at supporting farmers with the purchase of agricultural tools and machinery. On the corporate side, it offers investment financing, working capital financing, direct leases, sale and lease back schemes, and syndicated financing. These corporate financial services cover assets such as machinery, construction equipment, IT, and medical equipment purchased from manufacturers or dealers and leased to corporate customers. PT Mizuho Leasing Indonesia Tbk has recently undergone significant strategic evolution, marked by its name change from PT Verena Multi Finance Tbk to better align with its parent company in September 2022. The company continues to expand and solidify its presence in Indonesia's financing market with an ongoing focus on diversifying its product offerings and enhancing its operational capacity aligned with the Mizuho Group’s medium-term management plans. This includes strategic alliances and operational enhancements to support sustainable business expansion in retail and corporate financial services. Headquartered in Jakarta, the company serves a broad customer base ranging from individuals needing consumer financing to corporate clients requiring leasing and investment financing solutions across Indonesia. Its comprehensive service portfolio underscores the company’s role as a major player in Indonesia’s financial services industry, leveraging the strength of its parent company’s global expertise while maintaining a focus on the local market's unique financing needs. The company’s operational emphasis on both consumer and corporate segments positions it strategically for continued growth in the dynamic Indonesian financial environment.