PT Bussan Auto Finance (BAF)

About Company

PT Bussan Auto Finance (“the Company”) was established in 1995 named as PT Pembiayaan Getraco Indonesia, a Company which was operated in financing business and Joint Venture among PT Danamon Sanggrahan, Mitsui & Co. Ltd., Yamaha Motor Co., Ltd., and PT Yamaha Motor Kencana Indonesia in 1997 focusing on financing for new Yamaha-brand motorcycle. The Company had its name changed into PT Danamon Mits Otomotif Finance and every September 24, 1997 is commemorated as anniversary of the Company until today. In 1998, Mitsui & Co., Ltd. purchased entire shares of PT Danamon Sanggrahan where Mitsui & Co., Ltd. Becomes majority shareholders with 75% ownership, while remaining shares are owned by PT Lenggara Gunasejahtera (15%), Yamaha Motor Co., Ltd., Japan (7%) and PT Yamaha Motor Kencana Indonesia (3%). As consequence of the acquisition, the Company had its name changed into PT Bussan Auto Finance and sustained its business focus in financing new Yamaha-brand motorcycle.