Bisnis.com, JAKARTA - PT Adira Dinamika Multi Finance Tbk. (Adira Finance) is optimistic that the 2021 period will be a period of restoring performance in all its business lines.

Adira Finance President Director Hafid Hadeli revealed that the pandemic period had shifted his priorities to help consumers more through restructuring and maintaining the quality of the company's financial performance.

"The 2020 period cannot force the pursuit of growth. Of course there will be a change in priorities, where during the crisis period, we helped our customers a lot through restructuring. In fact, it reached a third of Adira Finance's portfolio," he said, Monday (22/2/2021).

The pandemic has caused the new financing company coded ADMF issuer to reach IDR 18.6 trillion, or a decrease of 51 percent (year-on-year / yoy) from the previous year's achievement. Total receivables managed by the company decreased 20 percent (yoy) to IDR44 trillion.
 
"National car and motorcycle sales, which fell 44 percent and 38 percent, respectively, caused our new financing to fall as well. The car and motorcycle segments decreased by 46 percent and 52 percent, respectively, causing the ADMF market share to drop, respectively. to 4.1 percent and 9.5 percent, "explained Hafid.

 Meanwhile, as of the end of December 2020, the number of ADMF restructuring customers had reached 827,000 contracts, or around IDR 18.9 trillion, representing around 35 percent of receivables managed as of February 2020.

"But since the end of 2020, about 80 percent of restructured customers have started to recover and repay their installment obligations," he added.

From the financial side, ADMF's net profit after tax was recorded at Rp1.026 trillion or decreased by 51.4 percent (yoy).

Driven by sluggish new financing, ADMF posted interest income of IDR 10.3 trillion or a decrease of 14.0 percent (yoy) compared to 2019, while interest expense was recorded at IDR 4.3 trillion or decreased by 9.2 percent (yoy).

So that Adira Finance's net interest income was recorded at Rp. 6.0 trillion, down 17.1 percent, as a result, Adira Finance's net interest margin also decreased to 12.0 percent in 2020.

In addition, operating expenses decreased by 4.7 percent (yoy) to Rp3.5 trillion. Cost of credit increased by 13.4 percent to Rp2.0 trillion, so that return on assets (ROA) and return on equity (ROE) will be 3.1 percent and 13.3 percent respectively in 2020.

"The cost of company credit, including joint financing receivables, rose to 6.4 percent of the total receivables managed in 2020 in line with the deteriorating condition of the business environment throughout 2020.