Vallibel Finance sustains strong growth

Vallibel Finance PLC recently announced an interest income of Rs 1.2 billion for the six months ending September 2013, up 44.5 per cent from the same period in the preceding year.

Part of the Vallibel Group, this finance company saw its fixed deposits swell by 21 per cent to Rs.7.6 billion from Rs. 6.3 billion during the same period in 2012.

A company statement said total assets rose by 17 per cent to cross the Rs.10 billion mark.

Post tax profit rose by six per cent to Rs. 135.8 million. “We are driving on the cutting-edge but what makes our performance all the more noteworthy is how we focus more on building a quality portfolio through personalized efforts,” noted Jayantha Rangamuwa, Managing Director of Vallibel Finance PLC. He said the macroeconomic landscape saw challenging times yet again but the company’s resilient performance reinforced its growing stature in the public domain.

“We have systems and pro- cesses built on accountability and our customer interface is driven on offering financial solutions that understand people’s aspirations and ability,” he added.

Valibel Group founder and powerful business personality Dhammika Perera, added that, “For a young company cutting its teeth in an immensely challenging market, Vallibel Finance has impressed us all. The company is now beginning to sit side-by- side with some of the more illustrious companies in the group”.