Established since January 15, 1982, Clipan Finance is one of the oldest financing companies that has been widely known in Indonesia offering leasing, consumer financing, and factoring services. In its initial establishment Clipan Finance constituted a joint venture between Credit Lyonnais shareholders from France, as the majority shareholder, and PT Bank Pan Indonesia Tbk ("Panin Bank"). Clipan Finance constitutes one of the first financing Companies which listed its shares at Bursa Efek Jakarta in 1990. Now the Company's Shareholders is PT Bank Pan Indonesia Tbk (51.49%) and the rest owned by the investors and the public at large.
Currently the Company's total assets reached Rp6,641 billion, the total receivables managed amounting to Rp. 6,486 billion, and net profit reached Rp. 398 billion. The Company's achievement in the last five years showed a very significant financial growth. Starting from 2010 until 2014, the Company's total revenue, net profit and total assets increased by 160%, 98% and 147% respectively. The Company was more focused on the retail automotive consumer financing which portfolio has reached 53% of the total portfolio of the Company's business activities. Until the end of 2014, the Company has 18 branches and 20 sales offices spread across Sumatra, Java, Bali, Kalimantan and Sulawesi.
As a financing company that has been operating for more than 32 years, the Company has a reputation and continuously improved capital structure. The confidence and full support from Bank Panin as the majority shareholder is one of the keys for the Company's success.
The Company has a directional business strategy that always refers to the prudential principle, supported by a strong capital structure and business networks spreading across the various regions of Indonesia, and also supported by competent and professional Human Resources with a sophisticated and integrated technology system, and application of good risk management practice are the basis of success Clipan Finance in operation its business activities as the leading financing company.