FIF Group builds better future through financing services

Leading financial services provider Federal International Finance (FIF) Group celebrated its 25th anniversary last May on the back of Indonesia's strong position as Southeast Asia's largest economy with improved credit ratings, rising foreign direct investment and growing consumer spending.

The introduction of low-cost green cars in the country and an expanding middle class have propelled the company towards car financing, a service that augments its reputation as one of Indonesia's largest motorcycle financing firms.

Founded in 1989, FIF Group began its ascent as a leader in consumer financing services with a diversified multifinancing licence before focusing on two-wheeler financing in 1995.

FIFASTRA, FIF Group's Honda motorcycle financing brand, accounts for 80 per cent of total business. The company's retail financing arm Spektra provides consumer financing for home appliances, electronics, furniture and lifestyle products, and agro industry equipment financing.

FIF Group has established a formidable presence across Indonesia, with almost 1,000 networks spanning from Papua to Aceh, over 25,000 employees, 4 million active customers and net service assets estimated at US$2.5 million.

Moving into car financing presents an opportunity for FIF Group to further diversify its portfolio, grounded on the company's steady growth and effective practices.