Otodiva.id — Astra Financial, which has 14 business units in 8 sector claims to have posted an increase in net profit of up to 12 percent. The total net profit they have made until Q1 2024 reached IDR 2.1 trillion.
Enhancement 12 This percent is compared with net profit in the same quarter in 2023 which only reached IDR 1.8 trillion. They claim this growth is due to Astra Financial's business focus which is focused on the busy financing sector, like automotive, commercial, retail and insurance.
This was conveyed at the Astra Financial Media Workshop 2024 which was held at Green Forest Horison, Bandung. This event, which takes the form of a talk show, presents 9 Astra Financial business unit, that is: FIFGROUP, ACC, TAF (Financing), Astra Insurance & Astra Life (Insurance), AstraPay (E-Money), Moxa & SEVA (Digital Ventura) and Bank Jasa Jakarta through Bank Saqu (Bank).
Director of Astra and Director-in-Charge of Astra Financial 1, Suparno Djasmin conveyed, in line with Astra Financial's vision to become a leading provider of retail financial services, Astra Financial continues to strive to provide the best service for consumers which is supported by the integration of various services in the Astra ecosystem.
“Astra Financial continues to gradually optimize the digital financial services ecosystem to provide easy access, comfort and safety by observing the precautionary principle,” Suparno said.
Astra Financial Q1 2024
Based on Quarterly data 1 2024, Astra Financial manages assets of Rp 192,6 trillion supported by more than 22 thousand employees with 912 branch, and manage 31,2 million customers throughout Indonesia.
Astra Financial leads the financing market (two wheels, four wheels and heavy equipment) by recording a market share of 26%.
In terms of the value of two-wheeled and four-wheeled financing (FIFGROUP, ACC and TAF) in the first quarter of the year 2024, has distributed Rp 33,3 trillion, increased 8,1% compared to the same period in 2023.
For heavy equipment financing (SANF and KAF) distributed Rp 3,3 trillion, increased 4,4% compared to the same period last year.
In the general insurance sector, Astra Insurance is in the top position 3 in Indonesia with a gross premium of Rp 2,5 trillion in the first quarter of the year 2024. This is supported by the development of the vehicle insurance business, health and commercial. In the life insurance sector, Astra Life recorded gross premiums worth IDR 1,64 trillion which puts him in the top position 10 in Indonesia.
Since 2018, Astra Financial is actively developing technology-based financial services to improve service connectivity by providing a customer journey & best experience.
This can be seen from the launch of Maucash (2018), AstraPay (2021), Moxa (2021), SEVA (2022) as well as digital banking services from Bank Jasa Jakarta, namely Bank Saqu in November 2023 Then.
Along with it, Astra Financial together with business units carries out financial literacy and inclusion for customers and other stakeholders.
Director of Astra and Director-in-Charge of Astra Financial 2, Rudy Chen said that Astra will continue to strive to increase the synergy and collaboration of technology-based financial services to provide optimal value to customers or customers..
Astra Financial is one of them 1 from 7 Astra's business pillar which operates in financial services which supports 14 business units in 8 sector, that is: financing, insurance, banking, pension fund, financial technology, electronic money, digital venture and venture capital.
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