National Finance achieves highest revenue among finance & leasing companies
National Finance, the largest diversified non-banking finance company in Oman, has continued its impressive financial performance for the nine months period ending 30th September 2019. The market leader’s net investment in financing activities increased to RO 427.44 million, a growth of 1.65 per cent compared to the same period in 2018. The Company’s revenue grew to RO 32.70 million, an increase of 3.65 per cent, on a year-on-year basis. Overall, National Finance posted the highest net profit in value terms in finance & leasing market. The Company’s net profit was RO 5.03 million for the nine months periodending 30th September 2019.
On the remarkable achievement of the Company despite a challenging business environment, Robert Pancras, Chief Executive Officer, National Finance stated: “With our strong track record and market standing for over three decades, National Finance has developed a robust process oriented environment and a product portfolio that is best suited to meet the lifestyle and business needs of our customers. We derive our competitive edge from our well-trained and experienced team that is committed to provide the best-in-class service requirements of our customers. Going forward, we plan to further build on our human capital through continued investment in well-structured training initiatives focused on customer service, risk assessment, team work and leadership development.”
National Finance provides a vast array of financial products to a strong base of retail and corporate customers. The Company has built a strong reputation especially in providing vehicle finance and customized loans to Small and Medium Enterprises (SMEs).
National Finance has been consistently rated as the best performing company in Oman by Alam Al-IktisaadWalaA’mal, Sultanate’s leading business magazine over the years. The Company has an impressive Omanisation level of 84.54 per cent, higher than the minimum prescribed for finance and leasing companies. The Company has a wide network of 20 branches, the largest branch network among the non-banking companies, spread across the Sultanate.