Car and motorcycle financing firm PT Adira Dinamika Multi Finance loan disbursals rose 15 percent to 8.1 trillion rupiah ($703 million) in the first quarter of this year from a year earlier, said CEO Willy Suwandi Dharma.
The company financed the purchase of 440,000 motorcycles and cars during the period.
Adira, a unit of lender PT Bank Danamon, booked a net profit of 411 billion rupiah for the quarter, up 22 percent from a year earlier. (Investor Daily)
Note: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 11522.5 rupiah) (Compiled by Jakarta Newsroom; Editing by Gopakumar Warrier)