Mandiri Tunas Finance (MTF) targets to be among the top 3 multi-finance companies in Indonesia in 2011 with total new credit disbursement of IDR 5 trillion. This was stated by Mandiri Director Zulkifli Zaini on the sidelines of the Grand Launching of Mandiri Tunas Finance, at the Ritz Carlton Pacific Place, SCBD Sudirman, Jakarta, Wednesday (1/4/2009).

"We hope that Mandiri Tunas Finance can become the top 3 finance companies in 2011," he said.

For this year, the company, which has just purchased 51 percent of its share ownership by PT Bank Mandiri Tbk, plans to disburse new credit of IDR 3 trillion. Meanwhile, for the following year, 2010, MTF plans to increase its new credit distribution to IDR 4 trillion and is expected to become the top 5 domestic finance company. He said, in a crisis situation like now, MTF has quite strong capital from the results of joint financing for motor vehicle financing with Bank Mandiri. So the majority shareholder feels there is no need to inject capital.

 
"We feel that capital is still sufficient. What will be done in the initial stage is to increase financing through joint financing accompanied by support from the Tunas Group," he said. (detikFinance)