Trade Finance and Investments PLC which made its debut on the CSE recently is continuing its expansion strategy, opening its second branch in Kilinochchi.
The branch was opened by TFI Director (former Chairperson) Ms. Shiromal Cooray in the presence of TFI Kilinochchi Branch Manager.C. Sivapirahash.
TFI Managing Director L.A.J.F.Morais lighted up the traditional oil lamp at the opening ceremony, according to a company statement. “Kilinochchi is one of the major agricultural hubs in the island. Many tanks including the Iranamadu Tank, Kanakampikai Kulam and Kilinochchi Kulam provide major sources of water for paddy and various other cultivations. The recent rapid developments in the town in the post war era are facilitating the people in Kilinochchi to start a new beginning and TFI wishes to assist them in this effort,” it said.
TFI said it will offer many facilities including foreign currency encashment and gold pawning in addition to its regular portfolio of leasing and hire purchase services.
The company says it has been in the business for 33 years with “BB+” rating from Fitch Rating. TFI was listed in the Stock Exchange in September 2011 and currently has an asset base of Rs 880 million. The company is currently run by the owners of Jetwing Group (the Cooray family), which has over a 75 % stake. |
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