Trade Finance and Investments PLC celebrates its 40th anniversary
Incorporated in 1978 in Sri Lanka, Trade Finance and Investments PLC celebrates its 40th year anniversary this year. Being a forerunner in the financial services sector with strong fundamentals and values has ensured Trade Finance and Investments PLC’s long- standing success over the last forty years. Securing its position as a trusted and respected financial institution, Trade Finance and Investment PLC is reaping benefits of its long-term visionary strategic managerial decisions.
A subsidiary of Commercial Credit and Finance PLC, Trade Finance and Investments PLC has seen tremendous growth and success over the years. The last concluded fiscal year showcased the achievements of Trade Finance and Investments PLC. The Company was able to reach an asset base of Rs. 7.4 billion, recording a 100% growth in the Company’s total asset base. Trade Finance and Investments PLC also successfully recorded a 47% growth in its profit after tax while its total loan portfolio also grew exponentially by 107% - reaching a value of Rs. 7.1 billion.
The Company’s net interest margin remains among the best in the industry despite major portions of its growth portfolio being funded by bank borrowing. Also showing growth from the perspective of shareholders, the net assets per share of the Company showed a positive upward trend and improved to Rs. 26.38.
“The continuous support and guidance from our parent Company, Commercial Credit and Finance PLC has enabled us to achieve remarkable results that benefit all stakeholders. Furthermore the reliability and stability of the Company is further re-iterated by the retention of the credit rating of BBB- bestowed by ICRA Lanka Limited”, added Managing Director of Trade Finance and Investments PLC Mr. L.A.J.F. Morais.