PT PPA Finance
Date of Establishment
21 December 2009
Issued and Fully Paid Capital
Line of Business
3. Consumer Finance
4. Other financing according to consumer needs and approved by OJK
Gedung Sampoerna Strategic Square, North Tower Lantai 9
Jalan Jenderal Sudirman
PT PPA Finance (“PT PPAF”) was established based on Deed No. 03 dated 21 December 2009 made before Notary Lindawati Wiranata, SH. The deed of establishment was approved by the Minister of Law and Human Rights of the Republic of Indonesia based on Decree No. AHU-00096.AH.01.01 Year 2010 dated 5 January 2010. PT PPAF is a financing company established by PT Perusahaan Pengelola Aset (Persero) (“PT PPA”) and PPA Employees Cooperative. The business license of financing company was obtained from the Minister of Finance on 15 June 2010.
The purpose and objective of PT PPAF establishment is to support PT PPA in assisting managed SOEs and SOEs subsidiaries in financing the purchase of capital goods while prioritizing mutually beneficial commercial aspects. In addition, PT PPAF also targets SOEs and their subsidiaries that are not managed by PT PPA, including private companies that are considered prospective to be financed.
To be the leading Financing Company in Indonesia for State-Owned Enterprises and Regional-Owned Enterprises in particular and for Private Companies in general.
The Company’s organizational structure has been stipulated in accordance with SK number SK-03/PPAF/2018. The organizational structure is set out in accordance with the duties and functions specified in OJK regulations and the Company’s business needs in the future. The fulfillment of the functions as stated in the organizational structure will be carried out in stages through recruitment from both internal and external parties.
Meanwhile, supporting functions such as HR & general affairs and information technology are performed in the form of shared services. The implementation of shared services is one of the strategies of the Company and PT PPA Group so that the Company can focus on business growth and the supporting operational activities can run efficiently.