Category: Best NBFCs in Oman Survey 2017



BRAVING CHALLENGES

The non-banking finance companies sector witnessed a challenging year as the tightening of liquidity in the market raised the cost of short-term funding for financial institutions and also raised the fears about steep hike in interest rates amidst the prevailing economic environment. Oommen John P reports Non-banking finance companies (NBFCs) in the Sultanate, which have […]

Banking & Finance
Orix-1
EXPONENTIAL GROWTH

Oman ORIX Leasing Company achieved the highest profit and business volumes in its history during 2016. The company will focus on quality of credit and will aim to maintain an adequate margin thereby resulting in a healthy return on investment for the shareholders, says CEO, Shahin Mohammed Al Balushi Can you highlight Oman ORIX Leasing […]

Banking & Finance
National Finance-1
STRONG CREDENTIALS

National Finance closed the year with a net profit of RO6.35mn as against RO6.02mn in 2015 representing 5.4 per cent increase and the highest ever in absolute terms in company’s history, says CEO, Robert Pancras in an interview Can you highlight National Finance’s performance in 2016? National Finance is a non-banking finance company with two […]

Banking & Finance
Al Omaniya-1
SUSTAINING THE MOMENTUM

Al Omaniya Financial Services is contemplating to launch a digital platform to market its product in both B2B and B2C and has plans to enter the credit card business, says CEO, Aftab Patel in an interview Can you highlight Al Omaniya’s financial performance in 2016? Al Omaniya Financial Services, Oman’s largest non-banking financial Institution started […]

Banking & Finance
Muscat Finance-1
ROBUST GROWTH

Muscat Finance was able to achieve a net profit after tax of RO5.138 mn, a growth of 18 per cent over 2015. The company adopted a cautious approach to growth. Excerpts from an interview with CEO, Bikram S Rishi Can you highlight Muscat Finance’s financial performance in 2016? During the year, Muscat Finance shrunk its […]

IMPROVING OPERATIONAL EFFICIENCY

United Finance Company will continue its pursuit to optimise the market potential to grow its book size. The company will adopt a selective approach to grow its loan portfolio with emphasis on maintaining asset quality. An OER report The United Finance Company registered a modest performance during 2016 given the subdued and adverse market conditions. […]