Omani leasing sector’s profit logs 12.3 percent surge in H1

21 Sep 2015

(MENAFN) Oman’s leasing sector revealed a strong growth of 12.3 percent in net profit to hit USD39.8 million for the first six months compared to last year’s USD35.4 million.

The healthy figures were driven by growth in demand for corporate loan in the aftermath of significant government investment in infrastructure missions for the January-June period.

In more detail, Leasing firms have been witnessing steady progress benefitting from the ongoing economic advance, overall increasing small and medium enterprise participation.

The collective gross lease receivables exceeded USD2.5 billion last year to reach USD2.7 billion by end-June 2015, soaring 7.8 percent from that of USD2.3 billion for last year’s corresponding period.

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