CIMB Niaga Auto Finance Sets Ambitious Working Capital Financing Target for 2026

Strategic Focus on Process Simplification

CIMB Niaga Auto Finance (CNAF), a leading automotive financing company in Indonesia, has set an ambitious target of achieving Rp741 billion in working capital financing by 2026. This represents a significant growth from the Rp677 billion recorded as of November 2025. To achieve this target, CNAF is focusing on simplifying its processes and enhancing customer experience through faster and more efficient transaction processing.

Current Portfolio Performance

As of November 2025, CNAF's working capital financing portfolio stood at Rp677 billion, a slight decrease of 1% compared to the same period in the previous year (Rp686 billion). Despite this marginal decline, the company's working capital financing continues to contribute 6% to its total portfolio, which reached Rp11.25 trillion. The financing is primarily dominated by the MSME segment, particularly in the service sector and retail traders who require working capital to expand their businesses.

Government Support and Regulatory Environment

CNAF remains optimistic about its working capital financing prospects, driven by government initiatives to boost economic growth. The recent regulation POJK 46/2024 has provided more flexibility for financing companies to maximize their working capital lending. According to Ristiawan Suherman, President Director of CNAF, this regulation presents a positive opportunity for the company to expand its working capital financing.

Challenges and Mitigation Strategies

Despite the positive outlook, CNAF faces challenges such as subdued consumer purchasing power and market uncertainty, which have led some businesses to postpone their expansion plans. To address these challenges, CNAF is committed to offering simplified and secure financing processes with minimal documentation requirements. This approach aims to encourage more businesses to utilize working capital financing despite the economic uncertainties.

Industry Context

The Otoritas Jasa Keuangan (OJK) has highlighted that working capital financing remains a crucial component of the multifinance industry's growth. As of October 2025, working capital financing grew by 9.28% year-on-year to Rp53.19 trillion, accounting for 10.53% of the total multifinance industry portfolio. This growth underscores the importance of working capital financing in supporting business operations and economic recovery.