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Abans Financial does well despite volatile market

Abans Financial Services Limited have earned a return of Rs 15 million on its completion of first year.


Managing Director, Abans Financial Services, Mano Alles. Picture by Sumanachandra Ariyawansa.

"The finance services industry is on a boom though the country faces barriers in its economic boom, Managing Director, Abans Financial Services, Mano Alles said. "All financial institutions in the country earn a good turnover because the total income and the expenditure of the country is made through financial institutions. "Even the war expenditure is made through the financial institutions.

"This enables financial institutions to create money. "If the country is doing well I am sure we can generate a better result than this. As per records, the industry has done the maximum. The country situation has not deflected the financial industry market," she said.

"We will concentrate on saving accounts and the micro finance of the country in future through our branches islandwide, she said.

"We have a ready-made infrastructure to reach the financial services seekers in most parts of the country. The company is established to mainly serve finance service seekers of consumable products. This will be a finance enhancement of hire purchase of the consumable appliances purchased at Abans Limited," Alles said.

Abans Financial Services Limited has completed two projects in real estate. Our projects are the households property projects between Rs 30 million to Rs 50 million. According to the demand in the specified area we purchase land, develop, block out and sell according to the market price.

These projects were tailored for the lower middle class to upper middle class of the society.

"We have another three projects in Panadura, Bandaragama and Gampola on line," Alles said.

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