Category: Best NBFCS in Oman 2018 Survey

Best NBFCS in Oman 2018 Survey
Oman Orix
On the cusp of transition

Oman Orix Leasing Company, which is going to be merged with National Finance Company in 2018, recorded the highest business volumes in its history in 2017. Excerpts from an interview with CEO, Shahin Mohammed Al Balushi, who will also be the CEO of the merged entity Central Bank of Oman gave its final approval for […]

Best NBFCS in Oman 2018 Survey
On a growth trajectory

  Robert Pancras, CEO of National Finance talks about the company’s performance in 2017, future outlook and the industry trends How was National Finance Company’s financial performance in FY 2017? We were able to maintain our positive growth trajectory, though the industry as a whole witnessed a negative growth during this period. Net finance assets […]

Best NBFCS in Oman 2018 Survey
Weathering the storm

With banks aggressively foraying into car financing and SME lending, there will be competitive pressure on finance and leasing companies, says Mohammed Redha A Jawad, CEO of Taageer Finance. Excerpts form an interview with Muhammed Nafie What do you think about the performance of non-banking finance industry in the coming years? The general atmosphere for […]

Best NBFCS in Oman 2018 Survey
Al Omaniya
Strong fundamentals

Al Omaniya marked its 20th anniversary in 2017. OER speaks to CEO, Aftab Patel about the company’s major milestones, financial performance, and future outlook Al Omaniya marked its 20th anniversary in 2017. Can you give us a brief on the company’s major milestones? The company started its operations as a retail asset finance institution and […]

Staying resilient

Muscat Finance’s performance was muted in keeping with a cautious approach towards lending in a stressed economic situation In 2017, Muscat Finance came out as a more resilient entity. The company continued to maintain a cautious approach to asset growth, and the net loans and advances shrunk by RO6.33mn during the year. As the government […]

Treading cautiously

United Finance Company plans to monitor the market developments and adopt a prudent approach to grow its loan book by optimising the market opportunities In 2017, United Finance Company (UFC) booked a reasonable volume of business despite the subdued market conditions. The loan book of the company as at 31 December 2017 stood at RO113.59mnas […]

Best NBFCS in Oman 2018 Survey
Best Banks
Tiding over challenges

2017 was a challenging year for non-banking finance companies in Oman. There was stress on the net margin due to the liquidity crunch in the local market and the consequent increase in the cost of funds. Banks’ penetration into vehicle financing and SME funding further reduced the market share forcing NBFCs to offer very competitive […]