country report 2019•banking efficiency through it •encourage platforms sharing to increase...

COUNTRY REPORT 2019

INDONESIA ECONOMIC CONDITION

GDP Growth Rate Indonesia (% per year) GDP Growth Rate 2019 Forecast

Source: ADB

OJK

STRATEGIC

POLICY FY 2019

• Increased the contribution of financial service institutions in financing priority sectors such as

the development of export industries, import substitution, tourism and housing

• Support the development of tourism Special Economic Zones (SEZ)

• Acceleration of the role of the Indonesian Export Financing Agency (LPEI)

• Development of insurance products that support tourism and exports

•KUR facility with a cluster scheme for SME in the tourism and export sectors

•The facility of established a Micro Waqf Bank

•Optimization of BUMDES to strengthen the economy of rural communities

•Distribution of millennial mortgage financing, Non-Cash Bansos, MEKAAR and

UMi

•Expansion of branchless banking programs

•Development of Securities Companies in the region

•Relaxation of the issuer's after IPO for SME issuers

•Increased financial literacy and inclusion

•Optimization of the role of the Regional Financial Access Acceleration Team

(TPAKD) and the Investment Alert Task Force

Government’s Strategic Sector Financing Alternative

Acceleration of National Economic Growth

Financial Access for SME & Communities in Remote Areas

5“Collaboration in order to build Optimism

and Acceleration for Sustainable Growth”

1

2

3

•Provision of capital market products for long-term financing such as: Limited Investment Funds (RDPT), Asset Backed Securities

(EBA), EBA in the form of Participation Letters (EBA-SP), Real Estate Investment Funds (DIRE), Infrastructure Investment

Funds (DINFRA)

•Implementation of Sustainable Financing Program & blended finance program for environmental friendl yand social government

projects

•IT-based supervision development

•Implementation of prudential international standards

•Banking efficiency through IT

•Encourage platforms sharing to increase penetration & efficiency of the Islamic banking industry

•Transformation of Non-Bank Financial Institutions through good corporate governance, prudential aspects, NBFI

market conduct, improvement of risk-based supervision, asset registry policies, and business plans for NBFI

•The acceleration of licensing and the fit & proper test to 14 working days from 30 working days

•Licensing optimization through relaxation process of the fit & proper for existing banking management, electronic

public offering implementation & simplification of online Mutual Fund transaction processes

Preparing the Financial Services

Industry for the Industrial Revolution 4.0

Reforming OJK's Industrial Process and Internal Business

4

5

OJK

STRATEGIC

POLICY IN 20195

“Collaboration Building Optimism and

Acceleration for Sustainable Growth”

•Digitizing financial products and services

•Development facilities for Fintech Peer to Peer

Lending and Equity Crowdfunding

•Arrangements that encourage innovation & consumer

protection

•Increasing community literacy towards Fintech

•Law enforcement for illegal Fintech Start-up which

detrimental to society

INDONESIA ELECTION 2019

Fact sheets:

• Indonesia is the world’s third-biggest

democracy (after China and the United

States)

• The first time organized the presidential

and legislative elections simultaneously on

one single day.

• The country constitutes an enormous

archipelago (in fact, it is the world’s largest

archipelago that stretches over 5,150

kilometer and is composed of around

17,000 islands).

• Indonesia’s elections can actually be

labelled as the world’s most-complex

elections

INDONESIAMultifinanceIndustry

▪ POJK 1/POJK.07/2013

▪ POJK 1/POJK.07/2014

▪ POJK 76/POJK.07/2016

▪ SEOJK 1/SEOJK.07/2014







Consumer Protection

▪ POJK 3/POJK.05/2013




Monthly Report

▪ POJK 34/POJK.03/2014

▪ POJK 4/POJK.05/2013

▪ POJK 27/POJK.03/2016


▪ POJK 34/POJK.03/2018

Risk Based Supervision

▪ POJK 17/POJK.03/2014

▪ POJK 26/POJK.03/2013

▪ POJK 18/POJK.03/2014

▪ POJK 51/POJK.03/2017

Financial Conglomeration

▪ POJK 35/POJK.05/2018

▪ POJK 10/POJK.05/2019

▪ POJK 28/POJK.05/2014

▪ POJK 30/POJK.05/2014



Multifinance Business

▪ POJK 10/POJK.05/2014

▪ POJK 11/POJK.05/2014

▪ POJK 1/POJK.05/2015





Fit & Proper

▪ POJK 3/POJK.02/2014


OJK Fee▪ POJK 12/POJK.01/2017

KYC

REGULATION RELATED TO MULTIFINANCE

Financial Technology

▪ POJK 77/POJK.01/2016

Multifinance

7

Multifinance Line of Business and Schemes

Investment Financing Working Capital Financing Multipurpose Financing

a. Finance Lease;b. Sale and Lease Back;c. Factoring With Recourse;d. Factoring Without Recourse;e. Purchases With Installment

Payments;f. Project Financing;g. Infrastructure Financing;h. Other financing based on the

approval of OJK

a. Sale and Lease Back;b. Factoring With Recoursec. Factoring Without Recoursed. Working Capital Facility;e. Other financing based on

the approval of OJK

a. Finance Lease;b. Purchases With

Installment Payments;

c. Fund Facility;d. Other financing

based on the approval of OJK

Multifinance Industry Performance

AR FIN ↑5.17%

ASSET ↑5.05%

EQUITY ↑11.34%

LOAN ↑2.33%

SHARIA FIN ↓31.27%

PROFIT ↑19.55%1USD = Rp 14.000 IDR

Detail (in Billion USD) 2014 2015 2016 2017 Mar-18 2018 Mar-19

Total assets 30.03 30.41 31.63 34.09 34.56 36.06 36.31

Account receivable financing

26.16 25.95 27.68 29.63 29.94 31.16 31.49

Investment Financing 12.48 12.29 7.50 8.50 8.86 9.73 9.81

Working Capital Financing 0.67 0.76 1.50 1.63 1.63 1.72 1.67

Multipurpose Financing 13.01 12.89 16.44 17.44 17.56 18.31 18.71

Others financing - - 0.001 0.01 0.01 0.01 0.01

Sharia financing receivable -

- 2.24 2.06 1.88 1.39 1.29

Domestic Loans 10.08 9.86 11.39 12.68 12.84 12.92 12.31

Foreign Loans 8.17 7.68 5.91 5.96 6.51 7.51 7.51

Bonds Payable 3.80 4.34 4.99 5.36 5.13 5.04 5.23

Equity 6.24 6.86 7.37 8.06 7.97 8.54 8.87

Profit (Loss) 0.87 0.76 0.86 0.95 0.26 1.14 0.32

MULTIFINANCE INDUSTRYRatio

GEARING RATIO01

FAR02

NPF03

ROA04

DEC 2018 MAR 2019

ROE05

Op Exp/Op. Income06

2.99X 2.84X

86.4% 86.7%

2.71% 2.71%

4.34% 4.73%

13.9% 14.6%

80.7% 79.2%

AR Financing (as of Mar’19)

Source: OJK

123.89227%

17.8114%

304.199 66%

8.239 2%

3,508 1%

Barang Produktif

Barang Infrastruktur

Barang Konsumsi

Jasa

Piutang Usaha

133.01144%78.570

26%

57.78019%

20,0557%

4.4951%

3.4301%

3.2931% 1,084

0%

2,4821%

Kendaraan Bermotor Roda Empat Baru

Kendaraan Bermotor Roda Dua Baru

Kendaraan Bermotor Roda Empat Bekas

Kendaraan Bermotor Roda Dua Bekas

Barang-barang Elektronik

Rumah Tinggal Bekas Pertama

Barang Konsumsi Lainnya

Alat-alat Rumah Tangga Non Elektronik

lainnya

45.29137%

38.32231%

14.04811%

13.24611%

4.0533%

9.0217%

Mobil Pengangkutan

Alat-alat Berat

Mesin-mesin

Barang Produktif Lainnya

Kapal Laut/Alat Transportasi Air

lainnya

Productive goods

Infrastructure goods

Consumptive goods

Services

Account Rec

Composition of Financed Consumptive Goods

New R2

New R4

Electronics

Used R4

Used R2

Electronics Housing Product

Others

Composition of Financed Productive Goods

Trucks/Buses

Heavy equipment

Machinery

Productive Goods

Boats/Ships/others water transportation

others

Composition based on Financing

Object

11

Other Consumption Product

Non-Electronics Housing Product

1.105 branches in Sumatera

2.281branches in

Jawa

413Branches in Kalimantan

665 branches

in Sulawesi, Bali, TB, NTT,

Maluku &Papua

24,75% 9,25%

Multifinance Branches & Financing (as of March 2019)

SUMATERA

1.105 Branches

24.75% Financing Activities

JAVA

2.281 Branches


KALIMANTAN

413 Branches


SULAWESI, BALI, PAPUA,

NTB-NTT, MALUKU

665 Branches


2016

2017

2018

May 2019

196 MEMBER192 Multifinance

4 Non Multifinance

191 MEMBER185 Multifinance

6 Non Multifinance

195 MEMBER182 Multifinance13 Non Multifinance

195 MEMBER181 Multifinance13 Non Multifinance

No. of licenses from Financial Services Authority

2016 20182017 May 2019

MEMBER of

183200 193 185

FY

No. of license

AFFILIATION STATUS

31 17%

33 18%119

65%

No. of Company Based on Affiliation Status

ATPM Bank Tidak terafiliasiDealer Not Affiliated

216,047 43%

162,505 32%

127,715 25%

Total Asset Based on Affiliation Status

ATPM Bank Tidak terafiliasiDealer Not Affiliated

• 33 companies affiliated with bank have 32% of the industry total Asset• 31 companies affiliated with automotive dealership have 43% of the industry total Asset• 119 companies which are not affiliated with either Bank or automotive dealership only have 25% of the

Industry total Asset

OTHERS : CHINA, CZECH, USA, KUWAIT-BAHRAIN, THAILAND, AUSTRALIA, NETHERLAND, MAURITIS

11 Companies

From Total of 181 of APPI members, 62 are joint venture Companies

JAPAN

37 Companies

KOREA5 Companies

OJK data shows: The total human resources of the multifinancecompanies are 220.898 employees, consist of 43.221 employeesworking at headquarters, 152.765 branch offices, and 24.912 officesother than branch office.

152.76569%

43.221 20%

24,91211%

Kantor Cabang Kantor Pusat Kantor Selain Kantor CabangOffice Other than Branch OfficeBranches Head Office

MultifinanceHuman Resources

SINGAPORE9 Companies

LIST OF APPI MEMBER

No MULTIFINANCE

1 AB SINAR MAS MULTIFINANCE

2 ADICIPTA INOVASI TEKNOLOGI

3 ADIRA DINAMIKA MULTI FINANCE

4 ADITAMA FINANCE

5 AEON CREDIT SERVICE INDONESIA

6 AKULAKU FINANCE INDONESIA

7 AL IJARAH INDONESIA FINANCE

8 AMANAH FINANCE

9 ANADANA GLOBAL MULTIFINANCE

10 ANDALAN FINANCE INDONESIA

11 ANUGERAH BUANA CENTRAL MULTIFINANCE

12 ANUGERAH UTAMA MULTIFINANCE

13 ARMADA FINANCE

14 ARTHA PRIMA FINANCE

15 ARTHAASIA FINANCE

16 ASIA MULTIDANA

17 ASIATIC SEJAHTERA FINANCE

18 ASTRA AUTO FINANCE

19 ASTRA MULTI FINANCE

20 ASTRA SEDAYA FINANCE

21 ASTRIDO PACIFIC FINANCE

22 BATARA INTERNASIONAL FINANSINDO

23 BATAVIA PROSPERINDO FINANCE

24 BCA FINANCE

25 BENTARA SINERGIES MULTIFINANCE

26 BERGUNA MULTI FINANSINDO

27 BETA INTI MULTIFINANCE

28 BFI FINANCE INDONESIA

No MULTIFINANCE

29 BHUMINDO SENTOSA ABADI FINANCE

30 BIMA MULTI FINANCE

31 BINTANG MANDIRI FINANCE

32 BNI MULTIFINANCE

33 BOSOWA MULTI FINANCE

34 BRI MULTIFINANCE INDONESIA (BRI FINANCE)

35 BRINGIN INDOTAMA SEJAHTERA FINANCE

36 BRINGIN SRIKANDI FINANCE

37 BUANA FINANCE

38 BUANA SEJAHTERA MULTIDANA

39 BUKOPIN FINANCE

40 BUMIPUTERA - BOT FINANCE

41 BUSSAN AUTO FINANCE

42 CAKRAWALA CITRAMEGA MULTIFINANCE

43 CAPELLA MULTIDANA

44 CATERPILLAR FINANCE INDONESIA

45 CATURNUSA SEJAHTERA FINANCE

46 CENTRAL JAVA POWER

47 CENTRAL SANTOSA FINANCE

48 CENTURY TOKYO LEASING INDONESIA

49 CHANDRA SAKTI UTAMA LEASING

50 CIMB NIAGA AUTO FINANCE

51 CIPTADANA MULTIFINANCE

52 CITIFIN MULTIFINANCE SYARIAH

53 CITRA MANDIRI MULTIFINANCE

54 CLEMONT FINANCE INDONESIA

55 CLIPAN FINANCE INDONESIA

56 COMMERCE FINANCE

LIST OF APPI MEMBER

No MULTIFINANCE

57 DAINDO INTERNASIONAL FINANCE

58 DANA UNICO FINANCE

59 DANAREKSA FINANCE

60 DANASUPRA ERAPACIFIC

61 DAYA SEMBADA FINANCE

62 DIAN MANDIRI MULTIFINANCE

63 DIPO STAR FINANCE

64 EBIZ CIPTA SOLUSI

65 EMPEROR FINANCE INDONESIA

66 EQUITY FINANCE INDONESIA

67 FEDERAL INTERNATIONAL FINANCE

68 FINANSIA MULTI FINANCE

69 FIRST INDO FINANCE

70 FORTUNA MULTI FINANCE

71 FUJI FINANCE INDONESIA

72 GENIE MULTI FINANCE

73 GLOBALINDO MULTI FINANCE

74 GROUP LEASE FINANCE INDONESIA

75 HASJRAT MULTIFINANCE

76 HEWLETT-PACKARD FINANCE INDONESIA

77 HEXA FINANCE INDONESIA

78 HINO FINANCE INDONESIA

79 HITACHI CAPITAL FINANCE INDONESIA

80 HOME CREDIT INDONESIA

81 IBJ VERENA FINANCE

82 IFS CAPITAL INDONESIA

83 INDOCYBER GLOBAL TEKNOLOGI

84 INDOMOBIL FINANCE INDONESIA

No MULTIFINANCE

85

86

INDONESIA INTERNATIONAL FINANCE

INDOSURYA INTI FINANCE

87 INOVASI MITRA SEJATI

88 INTAN BARUPRANA FINANCE

89 INTENSIF MULTI FINANCE

90 INTERNUSA TRIBUANA CITRA MULTI FINANCE

91 INTI ARTHA MULTIFINANCE

92 ISID INDONESIA

93 ITC AUTO MULTI FINANCE

94 JTRUST OLYMPINDO MULTI FINANCE

95 KARUNIA MULTIFINANCE

96 KARYA TECHNIK MULTIFINANCE

97 KOEXIM MANDIRI FINANCE

98 KOMATSU ASTRA FINANCE

99 KRESNA REKSA FINANCE

100 LOTTE CAPITAL INDONESIA

101 MANDALA MULTI FINANCE

102 MANDIRI FINANCE INDONESIA

103 MANDIRI TUNAS FINANCE

104 MANDIRI UTAMA FINANCE

105 MASHILL INTERNASIONAL FINANCE

106 MAXIMA INTI FINANCE

107 MAYBANK INDONESIA FINANCE

108 MEGA AUTO FINANCE

109 MEGA CENTRAL FINANCE

110 MEGA FINADANA FINANCE

111 MEGA FINANCE

112 MIRASURYA MULTI FINANCE

113 MITRA ADIPRATAMA SEJATI FINANCE

LIST OF MEMBER

No MULTIFINANCE

114 MITRA DANA TOP FINANCE

115 MITRA PINASTHIKA MUSTIKA FINANCE

116 MITRA PRATAMA FINANCE

117 MITSUBISHI UFJ LEASE & FINANCE INDONESIA

118 MITSUI LEASING CAPITAL INDONESIA

119 MIZUHO BALIMOR FINANCE

120 MNC FINANCE

121 MNC GUNA USAHA INDONESIA (MNC LEASING)

122 MULTINDO AUTO FINANCE

123 MURNI UPAYA RAYA NILAI INTI FINANCE

124 MUTIARA MULTI FINANCE

125 NATIONAL FINANCE

126 NETSOL TECHNOLOGIES INC

127 NISSAN FINANCIAL SERVICES INDONESIA

128 NUSA SURYA CIPTADANA

129 ORIX INDONESIA FINANCE

130 OTO MULTIARTHA

131 OTOMAS MULTI FINANCE

132 OVO FINANCE INDONESIA

133 PACIFIC MULTI FINANCE

134 PANEN ARTHA INDONESIA MULTI FINANCE

135 PANN PEMBIAYAAN MARITIM

136 PARAMITRA MULTIFINANCE

137 PEFINDO BIRO KREDIT

138 PERMATA FINANCE INDONESIA

139 POOL ADVISTA FINANCE

140 PPA FINANCE

No MULTIFINANCE

141 PRACICO MULTI FINANCE

142 PRATAMA INTERDANA FINANCE

143 PRO CAR INTERNATIONAL FINANCE

144 PROLINE FINANCE INDONESIA

145 RABANA INVESTINDO

146 RADANA BHASKARA FINANCE (RADANA FINANCE)

147 RAMA MULTI FINANCE

148 REKSA FINANCE

149 RESONA INDONESIA FINANCE

150 RIDEAN FINANCE

151 RINDANG SEJAHTERA FINANCE

152 SADIRA FINANCE

153 SAHABAT FINANSIAL KELUARGA

154 SAISON MODERN FINANCE

155 SARANA GLOBAL FINANCE INDONESIA

156 SATYADHIKA BAKTI MULTI FINANCE

157 SGMW MULTIFINANCE INDONESIA

158 SHAKTI TOP FINANCE

159 SHARIA MULTIFINANCE ASTRA

160 SHINHAN INDO FINANCE

161 SINAR MITRA SEPADAN FINANCE

162 SINARMAS HANA FINANCE

163 SINARMAS MULTIFINANCE

164 SMART MULTI FINANCE

165 SMFL LEASING INDONESIA

166 STACO ESTIKA SEDAYA FINANCE

167 STAR FINANCE

LIST OF MEMBER

No MULTIFINANCE

168 SUMMIT OTO FINANCE

169 SUNINDO PARAMA FINANCE

170 SURYA ARTHA NUSANTARA FINANCE

171 SUZUKI FINANCE INDONESIA

172 SWADHARMA BHAKTI SEDAYA FINANCE

173 SWADHARMA NUSANTARA PEMBIAYAAN

174 SWARNA NIAGA FINANCE

175 TAKARI KOKOH SEJAHTERA

176 TEKNOLOGI PENGANGKUTAN INDONESIA

177 TEMPO UTAMA FINANCE

178 TEZ CAPITAL AND FINANCE

179 TIFA FINANCE

180 TIRTA FINANCE

181 TOPAS MULTI FINANCE

182 TOYOTA ASTRA FINANCIAL SERVICES

183 TRANSPACIFIC FINANCE

184 TRIHAMAS FINANCE

185 TRIHAMAS FINANCE SYARIAH

186 TRIPRIMA MULTIFINANCE

187 TRUST FINANCE INDONESIA

188 U FINANCE INDONESIA

189 USAHA PEMBIAYAAN RELIANCE

190 VARIA INTRA FINANCE

191 VERENA MULTI FINANCE

192 WAHANA OTTOMITRA MULTIARTHA

193 WANNAMAS MULTI FINANCE

194 WOKA INTERNATIONAL FINANCE

THANK YOU

country report 2019•banking efficiency through it •encourage platforms sharing to increase...

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