Trade Finance extends services to Kilinochchi

Thursday, 22 December 2011 00:19 - - {{hitsCtrl.values.hits}}

Trade Finance and Investments PLC which made its debut on the CSE recently continues its expansion strategy, opening its second branch in Kilinochchi.

Kilinochchi is one of the major agricultural hubs in the island. Many tanks including Iranamadu Tank, Kanakampikai Kulam and Kilinochchi Kulam serve major sources of water for paddy and various other cultivations.

The recent rapid developments in the town in the post war era are facilitating the people in Kilinochchi to start a new beginning and TFI wishes to assist them in this effort.

TFI will offer many facilities including foreign currency encashment and gold pawning in addition to its regular portfolio of leasing and hire purchase services. This will be beneficial to the potential customers of the Kilinochchi branch.

TFI has been in the business for 33 years with “BB+” rating from Fitch Rating. TFI was listed in the Stock Exchange in September 2011 and currently has an asset base of 880 Million rupees. The company is currently run by the owners of Jetwing Group (the Cooray family), which has over a 75 per cent stake.