First Integrated Working Capital Solution from MRF
Melsta Regal Finance (MRF) Ltd, who recently forayed into the
financial services industry in Sri Lanka has introduced a break through
new service to the entrepreneurs.
The Company which is backed by one of Sri Lanka’s largest and
diversified conglomerates, MelstaCorp shared details of this new
service.
MelstaCorp Ltd, which is a fully owned subsidiary of Distilleries
Company of Sri Lanka PLC is the holding company of Continental Insurance
Ltd, Lanka Bell Ltd, Melsta Logistics Ltd, Bellvantage Pvt Ltd etc. The
working capital solution named ‘360 degree trade finance solution’
comprises a wide range of financial facilities ranging from opening of
Letters of Credit, import loan and revolving short term loans,
warehousing and logistical services, debt factoring, debt collection and
sales ledger administration services.
The product would be an impetus to growth for a wide range of
businesses ranging from SME’s to large corporates.
Speaking on the launch of this new service, Chairman of Melsta Regal
Finance Ltd and Melsta Corp Ltd Amitha Gooneratne highlighted, “Sri
Lanka is at a very important juncture of economic development with plans
to reach important milestones of being a USD 100 Billion economy and
reach a per capita income level of USD 4000.
At this point the financial services sector should support the
economic development by introducing superior financial services to
support the SME sector. With this objective the Company has launched an
integrated working capital solution under one roof.”
“This is an innovative working capital solution, which would
encompass a supply chain and financing solution within one entity. This
service harnesses the strategic competencies of the Group, which has
diversified interests in insurance, logistics, call center operations
and telecommunications.”
The Director/ CEO of the Company, Nishaman Karunapala said. “through
this innovative solution, which we have launched for the first time in
Sri Lanka we hope to revitalize the SME sector by offering specialist
working capital services and logistical support.
Our main aim is to introduce financial convenience through such value
added services to support entrepreneurs and assist the economic
development of the country”.
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