JAKARTA: PT MNC Finance will enlarge the composition of heavy equipment financing business line this year.
The company will reduce motorcycle financing and divert it to heavy equipment financing, MNC Finance Corporate Secretary Yudhananta said.
It finances heavy equipments like truck, excavator, and bulldozer for mining and plantation. The leasing composition toward the total financing reached 9.3% last year.
He estimated the business line will grow in 2012. "We establish a separate business unit of leasing in branch offices located in Samarinda and Makassar," he told Bisnis on Thursday, May 24, 2012.
MNC Finance’s core business is still in used car financing segment aside from motorcycle, heavy equipment and mortgage.
This year, it targets to distribute IDR1.1 trillion financing or 56.91% higher compared to IDR701.42 billion a year earlier. (T06/TW)