The net profit of National Finance Company grew by 17.9 per cent to RO2.9mn in the nine-month period ended September 30, as compared to RO2.5mn in the corresponding period last year.
The company's net investment in financing activities rose 16.3 per cent to RO119.8mn in the nine-month period from RO103mn in the same period last year. Net operating income rose to RO6.82mn from RO5.63mn in the same period last year, an increase of 21 per cent.
Speaking to Muscat Daily, Robert Pancras, chief executive officer of National Finance, said that in terms of business growth, the company has seen a good year. He said, "Both retail and the SME segment has seen good growth in business.
"Automobile financing has expanded as more jobs have been created. We have seen a growth in financing to contracting companies also due to major developments in construction and transportation sector."
The company has opened a branch in Ibri this month and is planning to open one more branch next year, the CEO said.
He added that the company will be focusing more on customer service in the coming quarters. "We have opened one branch in Ibri this month and have plans to open one more next year.
"We are going to focus more on developing strategies for customer service and will try to expand our customer reach by opening new branches in the country."
© Muscat Daily 2012
