Banks: consumer credit growth slowed
Consumer credit growth in Indonesia has slowed across all segments due to weakened
household purchasing power and rising interest rates. According to Bank Indonesia, as of
Feb 25, consumer credit grew 9.4% yoy to Rp 2,208.5T, down from 10.5% growth on Dec 24.
Higher lending rates are a major factor dampening demand, with banks like BCA increasing
their basic lending rates—for example, mortgage rates rose to 9.47% and non-mortgage
consumer loans to 7.12%. BCA maintains these rates as competitive and adjusts them
considering consumer capacity and broader economic trends. Similarly, CIMB Niaga has seen
stagnation in the mortgage segment due to funding costs and competition but recorded
notable growth in auto loans (up 27%) and unsecured loans (up 14%), leading to overall
consumer credit growth of 5.5%. (Kontan)
ASII sold 110,812 cars in 1Q25
Astra International (ASII) maintained stable vehicle sales performance, recording 110,812 units
sold and securing a consistent 54% market share in 1Q25, matching the same period last year.
According to Gaikindo data, the main contributors to this figure were Toyota and Daihatsu,
with 69,296 and 34,999 units sold respectively, while Isuzu and UD Trucks added another
6,517 units. Astra’s Head of Corporate Communications, Boy Kelana Soebroto, emphasized
the company’s commitment to delivering products that meet market segment needs
despite ongoing challenges in Indonesia’s automotive market. In the low-cost green car
(LCGC) segment, Astra remained dominant with 28,294 units sold and a 69% market share,
though slightly down from the previous year’s 74%. This minor dip reflects a broader
slowdown in national LCGC sales, which declined from 50,055 units in 1Q24 to 41,104 units in
1Q25. (Bisnis indonesia)
IMJS to distribute IDR 3.03B dividends
Indomobil Multi Jasa (IMJS) has announced a cash dividend distribution for the 2024 fiscal
year, amounting to IDR 3.03B or IDR 0.35 per share, as approved in its AGMS held on 14 Apr 2025. The Cum Dividend date for the Regular and Negotiated Market are set for 23 Apr 25.
Shareholders eligible for the dividend will be recorded on 25 Apr 25, with payment scheduled
for 16 May 25. In 2024, IMJS experienced a 31.53% decline in net profit, falling to IDR 228.48B
from IDR 333.7B in 2023. This was contrast to revenue, which rose by 5.05%, reaching IDR
5.41T. (Emiten News)
