Rs. 500 m capital injection for Asian Finance

Thursday, 23 August 2012 00:00 - - {{hitsCtrl.values.hits}}

Asian Finance Ltd., a member of the TKS Group of Companies, has received a further capital injection of Rs. 500 million to further expand the company’s business Portfolio as well as the branch network expansion.

With the additional Rs. 500 million in capital, the share capital which is currently at Rs. 1.4 billion, increases the company ranking amongst the Central Bank approved financial institutions in terms of capital and liquidity requirements. ‘‘We have turned around in tough times, gained investor confidence and increased the customer base well above projections, and most importantly positioned ourselves as a company that goes beyond to serve customer challenges,’’ explained Asian Finance CEO Sanathana Dalugoda.

The company aims to strengthen its lending portfolio by extending and innovating credit offerings along with the new investment. ‘‘Our Staff have a genuine passion for ensuring that we make ‘financial needs’ a positive and happy experience for our customers’’ further emphasised Dalugoda.

Asian Finance aims to provide i customers with the ease of business transactions with the introduction of ATM facilities by the first Quarter of 2013. Branch expansion plan is ongoing whereby three more branches will be opened by the fourth Quarter of 2012 and more in the pipeline to reach a wider community especially in the North and East. Present branches are also being upgraded to serve the growing customer base.