Vallibel Finance opens its doors in Aluthgama

Wednesday, 3 November 2010 01:20 - - {{hitsCtrl.values.hits}}

Vallibel Finance has opened its latest service centre in the bustling seaside town of Aluthgama, taking its services to one of the busiest tourist regions in the country.

The powerful young challenger of the Sri Lankan financial sphere blazed into the competitive industry with a promise to create better access to modern-day financial tools for all, a pledge that captured the imagination of many across the country.

As a part of its expansion plans during the current post-war recovery period, Vallibel Finance has begun an extensive countrywide campaign to develop its branch network. In the wake of its recent service branch openings in Kandy, Maharagama and Minuwangoda, the company identified Aluthgama as the next lively locale to claim their dominance in.

The company’s dynamic growth strategy has many more developments in store, achieving overall growth in assets, profits, income, fixed deposits during the last financial year in times of challenging economic conditions and multi-dimensional competition.

“We are planning to open several more service centres over the next year,” said Jayantha Rangamuwa, Managing Director of Vallibel Finance. “We have had tremendous success with our new branches in Kandy, Maharagama and Minuwangoda, and we are planning to spread into the other parts of the country soon as well. Our driving purpose is to make modern financial tools accessible to every Sri Lankan, and as communities are rebuilt in these areas, we feel we can make a significant impact on the post-conflict development there.”

Vallibel Finance has taken the stock market by storm in the six months since its highly sought-after initial public offering, proving to be no easy push-over against the big players in the financial market. “As a member of the giant Vallibel Group, we are constantly inspired by the achievements of the Vallibel Group and its eminent presence in the banking and finance, manufacturing and leisure industries. This is a key factor which provides as with a great deal of support as the market has tremendous confidence in the Vallibel Group,” stated Rangamuwa.

The company is promoted and backed by the leadership of a distinguished board comprising some of the most successful business names in the country; respected high-profile visionary Dhammika Perera (Chairman), Jayantha Rangamuwa (Managing Director) and other members of the board comprising Sumith Adhihetty (Managing Director – LB Finance and The Fortress) and Nimal Perera (Deputy Chairman – PABC Bank, Managing Director – Royal Ceramics) Sena Senaratne (Director – Amaya Resorts and Spas), Mangala Gunatilake (Director – LB Finance and Douglas & Sons) and Harendra Perera (Director – Royal Ceramics).

Vallibel Finance offers value-added and simplified solutions through fixed deposits, leasing and hire purchase, term loans, microfinance etc. The Vallibel Finance Aluthgama branch is located at 375, Galle Road, Aluthgama.