TEMPO.CO, Jakarta - The multi-finance industry recorded a lending growth of 4.34 percent in April 2015 compared to the same period of last year. Data from OJK revealed that the industry booked outstanding loans of Rp368.65 trillion (US$28.3 billion) compared to last year’s Rp353.31 trillion (US$27.1 billion).
While the automotive loans were under pressure, the consumer loans served as the major contributor to the growth with Rp246.9 trillion (US$19 billion), increasing by 7.009 percent from last year’s Rp230.81 trillion (US$17.7 billion).
The leasing sector contributed Rp111.95 trillion (US$8.6 billion), decreasing by 2.002 percent from last year that stood at Rp114.24 trillion (US$8.8 billion).
The factoring loans increased by 17.13 percent to Rp9.65 trillion (US$742.3 million) from Rp8.2 trillion (US$630.7 million). The outstanding credit card loans jumped six fold to Rp39 billion (US$3 million) from Rp5.1 billion (US$392,000).