PT Oto Multiartha hold unused credit facility IDR2.5 trilion from several banks. PT Pemeringkat Efek Indonesia reaffirmed at idAA- the ratings of the Company’s bond VI/2009 serie A of IDR200 billion, which will mature on 16 December 2010
Oto Multiartha is a non-captive finance company focusing on car financing business. During the last several years, the company’s business has consistently grown in tandem with the strong domestic car sales growth, which has made the Company one of the leading car financing companies in Indonesia.
The Company’s financing business has also been very well supported by its strong distribution network, which consisted of 49 branches and marketing points located in 22 provinces throughout Indonesia in addition to a reliable IT system.
The company has also been able to establish good relationship with around 3,000 authorized dealers to reach its retail customers. At end-June 2010, Oto Multiartha employed 2,261 staffs to run its daily operations. As to date, Oto Multiartha is owned by Sumitomo Corporation, Japan (83.54%), PT Sinar Mas Multiartha Tbk. (16.14%) and PT Summit Auto Group (0.32%), which is also owned by Sumitomo Corporation, Japan.
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