The demand for cars and homes will continue to be strong due to the rising middle class income which accounts for over 50% of the population.
The demand for the financing of new cars and new homes is very strong however the competition is high.
MNC Finance focuses on consumer financing with the majority of its portfolio in secondary mortgages and second hand cars. These markets are still untapped and offer high growths potential.
MNC Finance has an impressive track record in achieving strong growths in new financings and total assets managed year after year.
Since the acquisition of MNC Bank by MNC Financial Services in 2014, MNC Finance and MNC Bank have established synergies that have resulted in a significant positive impact on the financial performance of MNC Finance. The positive impact on the financial performance is expected to escalate, going forward.
MNC Financial Services acquired MNC Finance in 2003 with 99.99% shareholdings.
For further information please visit www.mncfinance.com and please download the Corporate Updates file through the Investor Relations tab.