Orient Financial Services Corporation renamed as Orient Finance PLC

Orient Financial Services Corporation Limited (OFSCL) was issued a license to perform as a finance company on June 25, 2012 under the Finance Business Act No.42 of 2011, subsequent to which the company was renamed as Orient Finance PLC.

The company also debuted in the Colombo Stock Exchange as a public limited company as of June7, 2012 opening its doors to public shareholders.

Presently there is a paradigm shift in the company. While transforming itself from being a specialized leasing company to a finance company, Orient Finance is now focusing on expanding and growing, inter alia, the leasing, hire purchase and debt factoring businesses.

OFSCL commenced operations in 2003 with the company's core activities consisting of leasing, hire purchase and debt factoring. Since becoming licensed as a finance company, orient finance plans to broaden its product range with fixed deposits and savings deposits from which the company can gain a better opportunity to offer an enhanced product portfolio.

With nearly a decade of experience in leasing, hire purchase and debt factoring, Orient Finance is a fast growing company with a large and diversified base of customers who are offered convenient access through 14 branches and customer service points throughout Sri Lanka.

Orient's transition to a finance company is backed by the knowledge and experience of the dynamic management team and a board of directors consisting of leading professionals. The board of directors of the company consists of Dr. Dayanath Jayasuriya P.C. as Chairman, Prakash Schaffter, Ramesh Schaffter, Ananda Atukorala, Lakshmi Gunetilleke, Anil Tittawela P.C. and Sarath Wickramanayake as directors. Rajeeva Bandaranaike functions as the Chief Executive Officer.