PT BFI Finance Indonesia Tbk (BFI) was established in 1982 as PT Manufacturers Hanover Leasing Indonesia, a joint venture between Manufacturers 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 IDX). BFI Finance was listed in May 1990 with ticker code BFIN. After undertaking debt restructuring due to the Asian financial crisis started in 1998, BFI Finance officially changed its name to PT BFI Finance Indonesia Tbk in 2001.
Today, BFI Finance 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 Finance’s business mainly comprises three types of financing
In 2017, BFI Finance formed Sharia Unit in order to cater people’s needs on sharia-compliant financing.
BFI Finance upholds a set of core values that are enforced as the Corporate Culture and summarized into the acronym GREAT. In line with the company’s vision and mission, BFI Finance has defined these values and the key characters to be implemented by all GREAT People of BFI Finance employees consistently.
The core values underlying the corporate culture have been reviewed comprehensively to keep them up to date with the company’s dynamic business development. The Board of Commissioners and the Board of Directors have approved the core values and corporate culture to be the key guidelines for all employees in achieving the company’s objectives of its business activities.