George Steuart Finance launched
George Steuart Finance Limited today unveiled to the public the new
corporate name and their future plans for growth, at a launch event held
in Colombo. The company also announced the approval for listing on the
Diri Savi Board of the Colombo Stock Exchange in the near future.
Having joined forces with the George Steuart Group, one of the oldest
and most reputed mercantile establishments in the country, the company
is now at an advantage to enjoy the synergies available within the Group
which has diversified interests in businesses such as health,
manufacturing, exports, leisure, engineering, construction, recruitment,
education and now finance.
Lakshman Uduwara |
Speaking at the launch Lakshman Uduwara, Director/Chief Executive
Officer of GS Finance said, "We are now stronger by being part of the
reputed George Steuart Group. With this affiliation, we now project an
enhanced corporate image and stability, gives ample confidence to
potential investors. The public needs to know that their money is secure
whilst earning the best returns. Also, customers are attracted by a
friendly, convenient atmosphere. Our valued customers are assured that
they will receive total satisfaction when dealing with us. In keeping
with the Group's culture and corporate values our company stands
dedicated to adhere to the highest levels of good governance,
transparency and integrity".
Uditha Ranaweera, Executive Director and Head of Business Development
commented, "With regard to business expansion, the company proposes to
open more branches in strategic locations of the country this year, in
addition to the currently established five branches, to service a wider
spectrum of clients.
The company also has plans to commence micro financing operations
with a commitment to assist grass-root level businesses, especially the
aspiring youth. It is the belief of the Board of Directors that all
Group businesses should converge their strengths to build this Nation
and power its growth to the next level."
George Steuart Finance currently offers comprehensive services such
as fixed deposits, leases, hire purchase, loans, short term trade
finance, cheques and bills discounting, margin trading and real estate
development. The company's dedicated research team looks forward to
introducing many innovative financial products that will add value and
uplift the lives of upwardly mobile Sri Lankan people.
The company's portfolio of deposits and advances has shown an
impressive growth during the last two years. The human resource capital
of the company has also improved in leaps and bounds, facilitating the
operational infrastructure and the offering of a superlative standard of
services to customers. George Steuart Finance was initially established
as Asia Commerce (Pvt) Ltd, a dedicated leasing company in 2005. Broad
basing the capital structure, growing the product profile and bringing
in industry professionals to strengthen the Board, in May 2011, on being
granted the finance company license, to deliver a better financial
product, the company moved to its modern office complex on Galle Road,
Colombo 3.
Today, backed by the strength of the George Steuart Group, the
company stands confidently poised to support the industry growth,
setting a new benchmark as a dynamic force in the corporate sector of
Sri Lanka. |