TKS Finance capital up to Rs 500 m

TKS Finance increases its capital to Rs.500 m to facilitate rapid business growth and to further stabilize its position in the finance industry. Flexi Fixed Deposits, VIP Pawning/Gold Loans, "Rajya Abhimana" Instant Loans and their newest introduction "Express Share Credit" are amongst the most talked about products in the finance sphere. The common factor in all these products is that they are all innovative products designed and introduced by the young and vibrant TKS Finance, a member of TKS Group. The success of these novel products, along with the encouraging results shown by the rather traditional portfolios as well, has prompted the TKS Finance's high net-worth Malaysian investors to infuse yet another high amount of Rs. 200 million into its capital. This raises their total capital to a significant Rs. 500 million which is evident of its stability and the strength of the company.

For a young finance company that commenced their foray into this highly competitive field just within an year, TKS finance has performed remarkably well. The significant capital at their disposal and the highly skilled professional management inspired efficient staff have ensured that they offer most timely and customer beneficial products, all of which has brought them encouraging results during this short but highly productive period.

Speaking about this latest infusion of Rs. 200 million, the CEO of TKS Finance Rasika Kaluarachchi said " If I may recall, we opened our doors for business with Rs. 200 million as capital, which was raised within few months to Rs.300 million to facilitate rapidly improving business. Accordingly it's heartening to observe the immense confidence our Malaysian investors have shown in our quality portfolio and the overall progress, which prompted them to infuse another Rs.200 million. Our entire staff and management is happy that we are reaching our first anniversary with excellent results on record and a substantial Rs. 500 million in capital, which is far above the core capital requirement of the Central Bank of Sri Lanka. Naturally, we are looking forward to offer even greater service with more value-added products to our growing customer base." Further, Kaluarachchi added that with our branch expansion programme commencing this year and going forward, we will be able to serve people scattered all over the island with innovative financial solutions with greater efficiency.