Chilaw Finance Ltd, a registered finance company, has shown rapid growth since its commencement 30 years ago with an initial capital of Rs.100,000. The company which is celebrating its 3oth anniversary this month holds total shareholders' funds amounting to Rs. 292 million at present. Managing Director D.S.Weerasuriya said in a statement that Chilaw Finance Ltd. has maintained a high level of deposit renewal rate due to high reputation and goodwill of the company over the past quarter century.
The company's customer base includes small and medium entrepreneurs, fixed earners and poor and middle class segments within the province. Chilaw Finance has managed to maintain Central Bank statutory liquidity requirements, well above industry norms. |
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