Fintrex Finance unveils ‘Vishwasa’ fixed deposits

Wednesday, 18 August 2021 00:00 - - {{hitsCtrl.values.hits}}

Fintrex Chief Operating Officer Sajeewa Sapukotana

Fintrex Head of Deposits Nuwan Fernando

Fintrex Finance Ltd. has recently introduced its fixed deposit product to the general public.

In its initiative to expand its product portfolio, Fintrex Finance aims to play a significant role in

supporting businesses and communities by giving them access to economically beneficial financial products and services.

In the backdrop of a strained economic climate brought on by the global pandemic, Fintrex Head of Deposits Nuwan Fernando explained that this product, which is accompanied by a competitive and very favourable rate of interest, intends providing people with a higher return incentive for their savings especially during challenging times.

With the intention of providing unparalleled financial solutions and staying accessible to all those looking for a means to grow and develop their business or their personal financial wealth, Fintrex has been able to capture a sizeable market share since inception in 2007.

Instrumental in its launch, Fernando said: “Our Fixed Deposit product ‘Vishwasa,’ licensed by the Monetary Board of the Central Bank of Sri Lanka, translates into a definition of ‘trust,’ a value that we consistently aim to build in to our customer relationships. A key objective of the company is to be a preferred financial services provider and with ‘Vishawasa’ being part of our diverse product portfolio, we are confident of our journey towards accomplishing this.” Fernando joined Fintrex with many years of experience in the area of liability management and is a key asset and strength to the company.

Inheriting a strong balance sheet from Melsta Regal Finance Ltd., Fintrex Finance provides leasing facilities to support the purchase of registered, unregistered, and brand-new motor vehicles, loans of short- and long-term tenures, trade financing product options and ancillary services to support working capital requirements of businesses. Personal savings schemes are also available in the form of savings accounts at attractive rates of interest for minors up to senior citizen categories.

Fintrex Chief Operating Officer Sajeewa Sapukotana explained that a competitive advantage of the company lies in its unique level of service which helps retain its customers, coupled with an experienced directorate and corporate management team who bring many years of business experience and commercial acumen from within the financial services industry. The company’s ability to forge ahead during this challenging period in business has been the result of a shared vision of every member of the Fintrex team.

Majority owned by global insurance leader Fairfax Holdings (70%), MAS Holdings Ltd. and Hirdaramani Group of Companies hold a combined share of 24%. The remaining ownership is held by leading corporate personalities Ajith Gunawardena who is also the Chairman and two Directors Ronnie Peiris and Shantanu Nagpal.

Mahendra Galgamuwa, Shivan Cooray, Keith Bernard and Shivanthi Atukorale serve as Directors of Fintrex Finance while the recent inclusion of renowned individuals Ahamed Sabry Ibrahim and Shrihan Perera to the Board of Directors is expected to add significant value and direction to the future of Fintrex.