PT BFI Finance Indonesia Tbk (“BFI” or the “Company”) was set up in 1982 as PT Manufacturer Hanover Leasing Indonesia, a joint venture between Manufacturer Hanover Leasing Corporation from the United States and local partners. It is one of the oldest multifinance companies in Indonesia as well as the first multifinance company to be listed on the Jakarta Stock Exchange and Surabaya Stock Exchange (currently known as Indonesia Stock Exchange or “BEI”). It was listed in May 1990 with ticker code BFIN.
After the Asian Financial Crisis, the Company officially changed its name to PT BFI Finance Indonesia Tbk in 2001.
Today, BFI is 42.8% owned by the consortium of Trinugraha Capital SA (which consists, amongst others, of TPG and Northstar Group). Remaining shares are held by local and foreign institutional shareholders, as well as retail shareholders.
BFI’s business consists of the financing of vehicles, heavy equipment, trucks and machineries, housing and shops, as well as financing for procurement of goods and services. Most of our business today is focused on the financing of used four wheelers.
BFI has the largest distribution network in the country, with 218 branches and 124 kiosks spread across 33 of Indonesia’s 34 provinces, and supported by over 9.000 employees (as of 31 December 2017).