Divasa Asia Commerce rebranded as Divasa Finance Limited
Asia Commerce Limited has now been rebranded as Divasa Finance
Limited which also coincides with the moving of its city office to a
more spacious and convenient location with ample parking facilities to
serve customers more efficiently. The new office is located on the now
widened Station Road, Colpetty and is accessible from both Galle Road
and Marine Drive.
Speaking about the rebranding, the Divasa Finance Limited Director
and CEO Lakshman Uduwara said, “The fact that we are now a finance
company registered with the Central Bank required our vision to be
restated with an improved corporate profile and poise ourselves to
deliver up to new expectations. Rebranding our image with a totally new
identity was essential to fulfill these aspirations.”
He further explained that Divasa in vernacular means the third eye or
having the ability to discern the future and hence the adoption of the
name. The company’s product range now includes finance and operating
leases, hire purchase, short term trade finance, medium term loans,
cheques and trade bill discounting and margin trading.
The company also recorded a very impressive performance in the
financial year ended March 31, 2011 with unprecedented profits being
recorded. Advances and deposits recorded encouraging growth and though
advances have increased the quality of assets has been retained as
indicated in the NPA ratio of 3.6 percent as at June 30, 2011.
“Our Board has always encouraged reaching out to more clientele
offering our financial services to make their dreams become a reality.
To compliment this policy our fourth branch will be opened on August 24
in Kalutara. The company has plans to open one more branch before the
end of the year,” said Uduwara.
The business initially commenced in May 2005 as a specialized leasing
company under the name Asia Commerce Limited. The company received a
finance company license on May 23, 2011 and will now be known as Divasa
Finance Limited. |