Vishmi Wijeratne
Bimputh Finance has recorded an outstanding growth of 156% from Rs. 194 million to Rs 498 million.
Former Chairman of Bimputh Finance Daya Gamage said they have also achieved a growth of 126% with regard to post tax profit to Rs. 143.5 million as opposed Rs. 63.5 million recorded last year.
He stated that due to the strategic entry into micro enterprise segment Bimputh Finanance was able to raise its base to 90, 000 customers as opposed to the 41,000 customers recorded in the previous financial year. He claimed that this increase could be attributed to the increase the company made on the loan quantum so as to provide their clients adequate services their growing requirements. The Company's Financing expenses have supporeted 90,000 families across the country, he sated that this has directly contributed in improving the living standards of these individuals. He stated that in the present year the significant expansion in the lending operations had created 200 job oppertunities. He stated that the growth in loans and advances outranked most of the industry counterparts by tripling to Rs. 3.1 billion as opposed to that of the previous financial year which only recorded Rs. 991.3 million.
Bimputh Finance Director and Chief Executive Officer, A.V. Harsha Silva said the company made a noteworthy investment by the purchasing 28.02% stake in Sinhaputra Finance. Bimputh Finance announced that Chairman Daya D. K. Gamage and Non-Executive Director, Dr. Anoma Gamage resigned from their held positions last month.
www.dailynews.lk
Bimputh Finance has recorded an outstanding growth of 156% from Rs. 194 million to Rs 498 million.
Former Chairman of Bimputh Finance Daya Gamage said they have also achieved a growth of 126% with regard to post tax profit to Rs. 143.5 million as opposed Rs. 63.5 million recorded last year.
He stated that due to the strategic entry into micro enterprise segment Bimputh Finanance was able to raise its base to 90, 000 customers as opposed to the 41,000 customers recorded in the previous financial year. He claimed that this increase could be attributed to the increase the company made on the loan quantum so as to provide their clients adequate services their growing requirements. The Company's Financing expenses have supporeted 90,000 families across the country, he sated that this has directly contributed in improving the living standards of these individuals. He stated that in the present year the significant expansion in the lending operations had created 200 job oppertunities. He stated that the growth in loans and advances outranked most of the industry counterparts by tripling to Rs. 3.1 billion as opposed to that of the previous financial year which only recorded Rs. 991.3 million.
Bimputh Finance Director and Chief Executive Officer, A.V. Harsha Silva said the company made a noteworthy investment by the purchasing 28.02% stake in Sinhaputra Finance. Bimputh Finance announced that Chairman Daya D. K. Gamage and Non-Executive Director, Dr. Anoma Gamage resigned from their held positions last month.
www.dailynews.lk
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