Business · Economy · 14 hrs ago

Indonesia heavy-equipment financing grows just 0.12% in year to August

Indonesia heavy-equipment financing grows just 0.12% in year to August

Indonesia’s multifinance companies recorded Rp48.50 trillion in heavy-equipment financing in August 2026, just 0.12% more than a year earlier.

The figures come from the Financial Services Authority, known as OJK, which oversees the country’s financing industry.

The slow rise reflects weakness in financing for productive sectors, which fell 1.81% year on year to Rp241.88 trillion.

Heavy equipment is used across industries, and the OJK says global economic uncertainty remains a challenge.

Renewable-energy projects could create new demand, including a planned 100-gigawatt solar power program and waste-to-energy projects.

The OJK expects heavy-equipment financing to keep growing, while also urging lenders to manage risks carefully.

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What people are saying

AgusmanOJK executive chief supervisor for financing companies and other financial services
Going forward, heavy-equipment financing is expected to continue growing positively in line with developments in activity in sectors that use heavy equipment, although it faces challenges including global economic dynamics.
via CNBC Indonesia
The development of renewable-energy projects can provide an opportunity to diversify heavy-equipment financing by multifinance companies.
via CNBC Indonesia