Orient Finance inaugurates FD Division

Thursday, 13 September 2012 02:10 -     - {{hitsCtrl.values.hits}}

Continuing its growth momentum, Orient Finance PLC added yet another milestone with the opening of its doors to the acceptance of fixed deposits.

This is subsequent to the company being licensed by the Monetary Board of the Central Bank of Sri Lanka under the Finance Business Act No. 42 of 2011 as a Finance Company.

The Fixed Deposit division, which was inaugurated on 16 August, is expected to complement Orient Finance’s core business of leasing, hire purchase and debt factoring, enhancing its product offering to its growing customer base.

This initiative adds on to Orient Finance’s list of achievements for 2012, which include obtaining a listing on the Diri Savi Board of the Colombo Stock Exchange, recording the highest-ever profits after tax since its inception, expansion of its branch network, enhancing its product portfolio and rebranding itself in accordance with its new strategic plan.