We often hear the word credibility in everyday conversations. But what exactly is credibility? According to the Indonesian Dictionary (KBBI), credibility means the quality of being trustworthy or reliable. When we associate credibility with a company, it can be understood as the quality that makes a company trustworthy.
The credibility of a company is very important as an indicator of the level of trust that stakeholders have in that company. Credibility is also a key benchmark for a company’s ability to sustain itself and repay its debts. This is especially true for financing companies, where credibility is crucial for prospective borrowers. It not only builds trust and a sense of security but also comfort in knowing the financing company is reliable. This proves that the company can survive challenges and remain stable.
One way to measure a company’s credibility is by looking at the amount of assets it owns. The asset amount affects the company’s Return on Assets (RoA). RoA is used as an indicator of how well a company turns its assets into profits or earnings for management and investors. The higher the RoA, the healthier the company’s financial condition.
Below is a list of financing companies with assets ranging from IDR 5 trillion up to less than IDR 10 trillion that received the "Very Good" performance award at the Infobank Multifinance Award 2019:
Buana Finance, a Resilient Financing Company
The award given to Buana Finance by the Infobank Multifinance Award 2019 is no empty praise. Based on financial statements as of December 31, 2019, Buana Finance had total assets of IDR 5.05 trillion with total consumer financing amounting to IDR 1.87 trillion. This asset value can be a key consideration for prospective borrowers in assessing credibility when choosing a financing institution that can maintain trust, provide security, comfort, and assurance of stability.
Moreover, with nearly three decades of operational experience, Buana Finance has proven to be a financing company that can withstand economic recessions.
As a testament to its credibility, Buana Finance offers products that serve as viable options when borrowers need funds. One of these is Bu Ana (short for Butuh Dana or Need Funds), a financing product secured by a Motor Vehicle Ownership Document (BPKB) for cars. Bu Ana provides various conveniences and can be a solution for individuals in need of quick, reliable funding.
