The Finance, the pioneer of the finance industry of Sri Lanka, celebrated their 75th Anniversary on June 1st, 2015 at their head office located at Colombo 4. The event was graced by many eminent personalities from both political as well as the corporate sectors who came together to recognize the services rendered by The Finance over a period of 75 years since its inception in 1940.
The year 2014 saw significant changes in The Finance, where the company was taken over by the Monetary Board of the Central Bank of Sri Lanka and put through the phases of a restructuring program, which ensured that the company adhered to the faith that people had invested, that is focused on turning around the company to a fresh start. The new Board of Directors was appointed by the Monetary Board. And now with the dynamic leadership and vision of Aruna Lekamge, Managing Director and guided by Dr S H A M Abeyratne, Chairman and the board of directors, the Company is steering towards a new path and is been taken to new heights.
“There is good news to be shared. After taking over the company, within one year we have been able to reduce the revenue losses by half while all the financial indicators are improving steadily. As such, we are now on the way to reach the break-even point in terms of revenue and in another one to two years we hope to make a profit, with a positive impact on our balance sheets,” Aruna Lekamge said.