‘H. Jackson Brown, an American author -best known for his inspirational books once said "let you performance do the thinking" meaning that one’s performance does not only do the talking, yet it sparks thinking that will lead to measure the success, a press release said.
‘This statement is quite appropriate to describe the performances of growing Sri Lankan financial entity Nation Lanka Finance PLC (NLF) which has improved its performances with the passage of time on a regular basis, thus demonstrating its crystal clear focus on facing the current challenges in the financial industry, with a long term strategy. While the company has registered higher performances on a year on year and quarter on quarter basis, NLF has also been successful in stretching its key indices such as Lending portfolio, Deposit base, Total Asset base and Net asset per share value. The financial performances alone does not do the talking, yet, its commitment towards the inherited depositors from the previous management, whose deposits were paid back in full amounting to over LKR 1.5 billion, is a vivid depiction of fulfilling the needs of the management change. Thus the company is already in the records as the first and the only financial company to fully repay distressed depositors under the former Ceylinco Management , the release adds.
‘This hinges on the prudent planning initiated by a consortium of high net worth investors, backed by the Nawaloka group who took the reins in 2011 and have steered the company to a solid financial foundation and strong growth. Announcing an outstanding financial performance for the 3rd quarter and for the nine months ended 31st December 2014, NLF presents reflection of the company’s continuous upward growth.
‘Growth in the total asset base is a key attribute, which has exceeded LKR 6.7 bn for the first time in the rich 27 year history of NLF, representing more than a 52 % year-on-year increase. In the previous year the total asset base was at LKR 4.4 bn. The main premises on which the asset base growth occurred is the phenomenal 72% increase in the lending base which compared to the industry growth is "a more than an expected growth". The Lending portfolio of NLF is replete with a range of products such as Micro Finance, Leasing, hire purchases, Personal and business Loans and pawning which are delivered with a series of tailor made solutions. The innovative business loan scheme launched in the latter part of the year viz "Biz Cash" attracts high demand from the entrepreneurs and SMEs is a key feature in the lending portfolio. Micro financing also continued to play a dominant role in NLF’s business model, which caters to only women across the country, where the model has been developed with the intention of enabling and empowering entrepreneurship at the grass root level in order to stimulate economic as well as to ensure sustained SME growth. Hence the NLF balance sheet indicates a growth in lending portfolio of LKR 1.7bn from its base of LKR 2.4bn, as at Dec-13 to end at LKR 4.1bn.
‘This statement is quite appropriate to describe the performances of growing Sri Lankan financial entity Nation Lanka Finance PLC (NLF) which has improved its performances with the passage of time on a regular basis, thus demonstrating its crystal clear focus on facing the current challenges in the financial industry, with a long term strategy. While the company has registered higher performances on a year on year and quarter on quarter basis, NLF has also been successful in stretching its key indices such as Lending portfolio, Deposit base, Total Asset base and Net asset per share value. The financial performances alone does not do the talking, yet, its commitment towards the inherited depositors from the previous management, whose deposits were paid back in full amounting to over LKR 1.5 billion, is a vivid depiction of fulfilling the needs of the management change. Thus the company is already in the records as the first and the only financial company to fully repay distressed depositors under the former Ceylinco Management , the release adds.
‘This hinges on the prudent planning initiated by a consortium of high net worth investors, backed by the Nawaloka group who took the reins in 2011 and have steered the company to a solid financial foundation and strong growth. Announcing an outstanding financial performance for the 3rd quarter and for the nine months ended 31st December 2014, NLF presents reflection of the company’s continuous upward growth.
‘Growth in the total asset base is a key attribute, which has exceeded LKR 6.7 bn for the first time in the rich 27 year history of NLF, representing more than a 52 % year-on-year increase. In the previous year the total asset base was at LKR 4.4 bn. The main premises on which the asset base growth occurred is the phenomenal 72% increase in the lending base which compared to the industry growth is "a more than an expected growth". The Lending portfolio of NLF is replete with a range of products such as Micro Finance, Leasing, hire purchases, Personal and business Loans and pawning which are delivered with a series of tailor made solutions. The innovative business loan scheme launched in the latter part of the year viz "Biz Cash" attracts high demand from the entrepreneurs and SMEs is a key feature in the lending portfolio. Micro financing also continued to play a dominant role in NLF’s business model, which caters to only women across the country, where the model has been developed with the intention of enabling and empowering entrepreneurship at the grass root level in order to stimulate economic as well as to ensure sustained SME growth. Hence the NLF balance sheet indicates a growth in lending portfolio of LKR 1.7bn from its base of LKR 2.4bn, as at Dec-13 to end at LKR 4.1bn.
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