Abu Dhabi Finance (ADF), a leading home finance provider in the
The impressive financial performance figures mark the culmination of a year in which Abu Dhabi Finance celebrated its fifth anniversary and won a series of awards for its products and services.
In June, Abu Dhabi Finance was named the Best Home Finance Company at the 2013 Banker Middle East Industry Awards, while in March; it was recognised for offering the Best Home Finance product, Essence, at the 2013 Banker Middle East Product Awards. One of the region's leading financial events, the Banker Middle East Awards invites nominations from more than 200 institutions based all over the GCC countries as well as
"Last year was our strongest to date, with continued progress on all of our key indicators. We are proud to have achieved double-digit growth in our client base and in the size of our loan book, but we are even prouder to have done so while continuing another year of profitability," he said.
"As a five year old business, we have lived through some challenging global market conditions in the real estate sector. The underlying strength of the
Ali Eid AlMheiri, Chairman at Abu Dhabi Finance, said that while he is pleased with the company's financial results, the continued improvement in service standards was even more impressive.
"We have achieved significant bottom-line growth during 2013 while remaining committed to our core philosophy of providing outstanding client service. Last year, more than 90% of our clients told us that they are highly satisfied with our service standards."
At the beginning of 2013, Abu Dhabi Finance launched a new commercial mortgage product line, Anchor. Designed for clients looking to purchase commercial property for their own use or as investments, Anchor has allowed the company to establish itself in this new market segment.
Other highlights of 2013 included the Memorandum of Understanding (MoU) signed with the
In June, Abu Dhabi Finance and the
In its role as a leading provider of mortgage loans, Abu Dhabi Finance sponsored the
"We have made a commitment to attracting and training more Emiratis into the business. By the end of 2013, Emiratis accounted for twenty six per cent of our total workforce and this proportion will continue to grow in 2014."
As Abu Dhabi Finance prepares for another successful year ahead, the company concentrates on three areas of continued focus: providing the best range of residential and commercial mortgage products to support the real estate sector across the
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