PT KB Finansia Multi Finance Records Net Profit of IDR 73 Billion in the first semester of 2022

Precisely in the first semester of 2022, PT KB Finansia Multi Finance with the Kreditplus brand managed to record positive performance profit growth which jumped 27.07% year on year (yoy) of IDR 73.3 billion compared to the previous year's period of IDR 57.7 billion

As of June 2022, PT KB Finansia Multi Finance's revenue reached IDR 953.0 billion, up to 18.27% for the same period from the previous year of IDR 805.8 billion.

"After entering as a subsidiary of KB Kookmin Card, PT KB Finansia Multi Finance became bigger and bigger with the increase in sales network and the increase in IT infrastructure and Digitalization. The company also delivers tangible results through lower cost of funds and the development of comprehensive risk management” said Kisup Wi, Finance Director of PT KB Finansia Multi Finance.

The company's assets as of June 30, 2022 increased by 34.16% to IDR 6.61 Trillion compared to as of June 30, 2021, which was IDR 4.93 Trillion. This is supported by an increase in new financing disbursements by 32.45% for the same period in the previous year from IDR 2.79 Trillion to IDR 3.7 Trillion.

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