MPM Finance distinguishes itself from competitors by providing financing tailored to customer requirements in a fast and friendly manner. We offer fair and reasonable pricing along with convenience and superior product features and to a broad spectrum of customers – large, medium, and small – including leading corporations, medium and small enterprises, and consumers.
Our cross-sell opportunity comes from having something important to offer each employee of every business, and to the business itself. MPM Finance maximizes customer convenience by delivering tailored financing in a fast and friendly manner throughout the provinces of Indonesia with a network of 86 branches that is continuously expanding.
PT Mitra Pinasthika Mustika Finance (MPMF) MPMF was incorporated in 1990 as a securities company under PT Elbatama Securindo. It received a finance company license in 1994 and was sold to ANJ in 2000, when it became ANJF. MPM acquired ANJF in late 2011 and renamed it to MPMF.
MPMF distinguishes itself by providing financing products tailored to customer requirements in a fast and friendly manner. MPMF offers competitive pricing along superior product features to a broad spectrum of customers, including large corporations, small to medium enterprises, and direct retail consumers.
Within consumer finance, MPMF’s main business is used car financing, which leverages on MPMF’s strong relationships with used car dealers and showrooms. New car financing and used car re-financing have become increasingly important growth drivers, as has used motorcycle refinancing.
The financial leasing business provides direct leases on capital goods (e.g., vehicles, machinery, heavy equipment, etc). It has steadily grown over the past five years, with the exception of 2009, when MPMF scaled back operations amid the Global Financial Crisis.
In 2016 MPMF operated through 82 full branches throughout the nation. Going forward, MPMF intends to expand its geographic reach even further to capture growth opportunities and has already identified promising new locations that will either become an MPMF branch or outlet in the near future.
MPMF has put in place a robust risk management mechanism in order to keep strong asset quality in its loan portfolio. For example, MPMF established a Quality Assurance Unit which travels to branches to look for credit approval and collection irregularities, and reports directly to the Management Board. MPMF’s NPL ratio (defined as 90 days past due) has hovered between 0.9% and 1.2% in the last four years, which is below the industry average.