Asian Finance gets Rs 500 m capital injection
Asian Finance Limited, a member of the TKS Group of Companies has
received a further capital injection of Rs. 500 million to further
expand the company’s business portfolio as well as the branch network
expansion .
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Sanathana
Dalugoda |
With the additional Rs 500 million in capital, the share capital
which is currently at Rs. 1.4 billion, increases the company ranking
among The Central Bank approved financial institutions in terms of
capital and liquidity requirements. ‘‘We have turned around in tough
times, gained investor confidence and increased the customer base well
above projections, and most importantly positioned ourselves as a
company that goes beyond to serve customer challenges,’’ said Sanathana
Dalugoda, the Chief Executive Officer of Asian Finance.
The company aims to strengthen it’s lending portfolio by extending
and innovating credit offerings along with the new investment.
‘‘Our staff have a genuine passion for ensuring that we make
‘financial needs’ a positive and happy experience for our customers,’’
he said. Asian Finance aim to provide its customers with the ease of
business transactions with the introduction of ATM facilities by the 1st
Quarter of 2013.
Branch expansion plan is ongoing whereby 3 more branches will be
opened by the 4th Quarter of 2012 and more in the pipeline to reach a
wider community especially in the North and East.
Present branches are also being upgraded to serve the growing
customer base.
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