TEZ Achieves the 2nd Best Financial Performance

PT TEZ Capital and Finance (“TEZ”) has once again received positive recognition. In its August 2018 edition, InfoBank released the “172 Multifinance Rating 2018,” in which TEZ secured the 2nd best ranking among finance companies with total assets ranging from IDR 100 billion to IDR 500 billion.

As a relatively new player in the financing industry, TEZ successfully earned the “Very Good” rating alongside 20 other companies out of a total of 42 finance companies assessed. InfoBank categorized the ratings into four levels: “Very Good” (score 81–100), “Good” (score 66–<81), “Fairly Good” (score 51–<66), and “Poor” (score 0–<51).

TEZ achieved an outstanding score of 98.07 out of 100.

According to InfoBank, the assessment was based on 12 evaluation criteria, consisting of 4 growth indicators and 8 financial ratio indicators.

The four growth indicators included:

• Asset Growth

• Financing Growth

• Capital Growth

• Net Profit/Loss Growth

Meanwhile, the eight financial ratio indicators included:

• Financing-to-Asset Ratio

• Financing-to-Liabilities Ratio

• Liabilities-to-Asset Ratio

• Liabilities-to-Equity Ratio

• Equity-to-Asset Ratio

• Operating Expense-to-Operating Income Ratio

• Return on Assets (ROA)

• Return on Equity (ROE)

  
  

Several of TEZ’s key financial performance indicators recorded strong positive growth. Financing increased by 47.77%, from IDR 263.37 billion in 2016 to IDR 389.19 billion in 2017.

TEZ was also ranked as the 3rd best finance company in Indonesia under the ownership category of national private companies and within the equity category of above IDR 100 billion.

By the end of 2017, TEZ recorded a net profit of IDR 41.01 billion, representing a significant growth of 305.26%. This marked the highest profit growth among the top five best finance companies in Indonesia within its category.

These achievements and milestones serve as strong motivation for TEZ to continue growing and evolving, while providing the best financial support and services to customers in line with the principles and values of Good Corporate Governance (GCG), both now and in the future.