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Consumer Finance Company

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Consumer finance company

Consumer Finance Company
A non-bank lender. A consumer finance company does not receive deposits, but does make loans to customers for business or personal use. It derives its profits from the interest on these loans. It is also called simply a finance company.


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gif ) Emirates NBD has obtained a licence from the Central Bank of the United Arab Emirates to launch a new consumer finance company under the name of Emirates Money Consumer Finance.
said Tuesday it posted a group net loss in fiscal 2006 for the first time since its initial public offering in 1993 as the major consumer finance company set aside hefty provisions to return excessive interest charges to customers.
Jeffrey Gould, president and chief executive officer of BRT said, "We are extremely pleased to enter into this relationship with such a highly regarded and successful commercial and consumer finance company.
 
 
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