Stiff competition, including from financial technology platforms, and slowdown in automotive market have forced further consolidation in the consumer financing industry. Adira (ADMF) and Mandala Finance (MFIN) are in the process of merger, following last year’s acquisition of MFIN by the MFUG Bank (indirectly controls Adira through Bank Danamon/BDMN), which should be completed in October 2025. To subscribe please click here
