Financing firm Mandiri Utama Finance (MUF) booked financing of Rp7.3 trillion in 2017, jumped 151% from 2016. It targets to book financing of Rp10.1 trillion this year as purchasing power grows. MUF has 134 networks including 83 office branches and 51 co-office branches. MUF, started operation in 2016, is a joint venture company of between Bank Mandiri and PT Asco Investindo.