Development and Prospect of FINANCE INDUSTRY (Multifinance) In Indonesia, Slowing growth in the finance industry in Indonesia in the last two years is a result of the general economic slowdown. One of the most affected is the mining sector resulting in a reduction in demand for heavy equipment financing by businesses in the mining sector. Even the decline in the coal mining sector has been started since 2012 ago.
But in general the finance industry in Indonesia in the last five years is still growing, especially consumer finance and factoring financing. While leasing for heavy equipment financing decreased. While the credit card financing in the last two years have grown quite passable.
Despite many obstacles, the financing business people are quite optimistic that the finance industry in Indonesia will continue to grow in the future. If the Indonesian economy is recovered, the market will be wide open, especially from the automotive sector and public transport which has been the largest market. Besides, APPI also continue working to make BI more ease lending requirements of banks to financing industry sector.
Seeing the developments in the financing business in Indonesia so far, BIZTEKA is interested to examine and discuss the extent of the performance of the finance industry in Indonesia in recent years, including the problems and to predict the prospects of financing industry in Indonesia for years to come.