The growth of the automotive industry which is very encouraging fact also enjoyed Auto Group. Until August 2010, a subsidiary of Sumitomo Corporation, Japan, is already booked a car loan disbursements amounted to Rp17 trillion.
Company Secretary Saiful Ichlas Auto Group, said it obtained financing from a car leasing company PT Oto Multiartha Rp9, 4 trillion and the financing of motorcycles owned by PT Summit Oto Finance Rp7, 6 trillion.
"Channeling is approaching the target of financing Rp22, 5 billion," said Saiful, in his statement, Wednesday, September 8, 2010.
Auto car loans grew 95 percent compared with same period last year. "This achievement exceeds the national automotive market growth, namely 70 percent," he said. Even capian credit disbursement has exceeded supply from January to December 2009 amounting to Rp8 trillion.
This belief is based on the national automotive market continues to grow. Even the Indonesian Automotive Industry Association (Gaikindo) revise the national automotive market projections from earlier in the range of 550 000 units to 650 000 units. That is, the national automotive market will increase by around 34 percent of total vehicle sales in 2009 amounted to 486 061 units.
Auto shares Multiartha currently held by Sumitomo Corporation for 83.54 percent, PT Sinar Mas Multiartha Tbk 16.14 percent, and PT Summit Auto Group 0.32 percent.
Conditions are not much different business unit also experienced credit financing motorcycle Summit Oto Finance. Loans disbursed during January-August was recorded at Rp7, 6 trillion. These loans grew 72 percent. The figures have passed through the achievement of total loans during 2009 which only Rp7, 5 trillion.
"With the remaining four months, loan disbursements Summit Oto Finance could penetrate target of Rp10, 5 billion," said Saiful.
Company Secretary Saiful Ichlas Auto Group, said it obtained financing from a car leasing company PT Oto Multiartha Rp9, 4 trillion and the financing of motorcycles owned by PT Summit Oto Finance Rp7, 6 trillion.
"Channeling is approaching the target of financing Rp22, 5 billion," said Saiful, in his statement, Wednesday, September 8, 2010.
Auto car loans grew 95 percent compared with same period last year. "This achievement exceeds the national automotive market growth, namely 70 percent," he said. Even capian credit disbursement has exceeded supply from January to December 2009 amounting to Rp8 trillion.
This belief is based on the national automotive market continues to grow. Even the Indonesian Automotive Industry Association (Gaikindo) revise the national automotive market projections from earlier in the range of 550 000 units to 650 000 units. That is, the national automotive market will increase by around 34 percent of total vehicle sales in 2009 amounted to 486 061 units.
Auto shares Multiartha currently held by Sumitomo Corporation for 83.54 percent, PT Sinar Mas Multiartha Tbk 16.14 percent, and PT Summit Auto Group 0.32 percent.
Conditions are not much different business unit also experienced credit financing motorcycle Summit Oto Finance. Loans disbursed during January-August was recorded at Rp7, 6 trillion. These loans grew 72 percent. The figures have passed through the achievement of total loans during 2009 which only Rp7, 5 trillion.
"With the remaining four months, loan disbursements Summit Oto Finance could penetrate target of Rp10, 5 billion," said Saiful.
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