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Vallibel Finance deposit base crosses Rs 10b
Tue Dec 09, 2014 6:52 am
Vallibel Finance returned an impressive all-round performance on the back of a strong first half. The company announced an interest income of Rs 1,393 mn for the six months ending September 2014, an increase of 20% from the same period in the preceding year.
Vallibel Group continues to enjoy public confidence with its fixed deposits swelling by 35% to a landmark Rs 10.2 bn. The deposit base stood at Rs 7.6 bn during the same period in 2013. The climb amplifies the company's ability to sustain a healthy deposit portfolio even during challenging times. Total assets saw a steady ascend, rising 26% to cross above the Rs 13.7 bn mark.
The PBT during the period under review was Rs. 241 mn while the PAT rose 8% from Rs. 135 mn to Rs 147 mn. "We strongly believe in building on exemplary values that build trust. The results are, yet again, an overwhelming vote of confidence for the company and will spur us on as we evolve in size and capacity.
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,"Vallibel Finance Managing Director Jayantha Rangamuwa said.
Rangamuwa reiterates that continuous good performance in a competitive and volatile industry mute testimony to the core strengths on which a business is built. "The macro-economic landscape saw challenging times yet again but the company's resilient performance reinforces its growing stature in the public domain. We have systems and processes built on accountability and our customer interface is driven on offering financial solutions that understand people's aspirations and ability", he says.
www.dailynews.lk
Vallibel Group continues to enjoy public confidence with its fixed deposits swelling by 35% to a landmark Rs 10.2 bn. The deposit base stood at Rs 7.6 bn during the same period in 2013. The climb amplifies the company's ability to sustain a healthy deposit portfolio even during challenging times. Total assets saw a steady ascend, rising 26% to cross above the Rs 13.7 bn mark.
The PBT during the period under review was Rs. 241 mn while the PAT rose 8% from Rs. 135 mn to Rs 147 mn. "We strongly believe in building on exemplary values that build trust. The results are, yet again, an overwhelming vote of confidence for the company and will spur us on as we evolve in size and capacity.
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,"Vallibel Finance Managing Director Jayantha Rangamuwa said.
Rangamuwa reiterates that continuous good performance in a competitive and volatile industry mute testimony to the core strengths on which a business is built. "The macro-economic landscape saw challenging times yet again but the company's resilient performance reinforces its growing stature in the public domain. We have systems and processes built on accountability and our customer interface is driven on offering financial solutions that understand people's aspirations and ability", he says.
www.dailynews.lk
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