The Finance Houses Association holds AGM
The Annual General Meeting of The Finance Houses Association of Sri Lanka (FHASL) was held recently at Galadari Hotel, Colombo. The members of The Finance Houses Association of Sri Lanka have elected Kamal J. Yatawara (CEO-The Finance Company PLC) as its Chairman for the second consecutive year reposing their confidence in him as their leader for 2013.
The FHASL elected Nalin Wijekoon (Softlogic Finance) and Ravi Yatawara (LB Finance) as Vice Chairmen of FHA. The new Executive Council comprises of the Senior Management of Abans Finance, Alliance Finance, Bartleet Finance, Central Finance, Commercial Credit, Mercantile Investments, People’s Finance, and Sinhaputhra Finance.
The main objective of the FHA is to maintain close relations with the regulatory authorities and work with them with regard to the issues and common interests of licenced finance companies and also to provide a forum for forging better understanding and fellowship amongst the employees of LFCs.
During the past year, the FHA undertook several initiatives for the betterment of the non-bank financial services industry. The FHA introduced the New Code of Ethics in July 2012, which will be a guideline for business operations of member finance companies in terms of customer services, confidentiality of information, legal obligations, employee recruitment, competitive initiatives and also with regard to projecting the image of the finance industry.
Furthermore, the FHA organises regular social gettogethers for employees of LFCs to meet and interact with each other. The Annual Sports Festival of the FHA was held at St. Peter’s College grounds, Colombo 4 recently. Also, the FHASL has launched a website to publicize its activities to members and the general public.