Dr. Rohan Karunaratne new Chairman at Arpico Finance Company

Friday, 29 September 2017 00:00 - - {{hitsCtrl.values.hits}}

Veteran professional and entrepreneur, Dr. Rohan Karunaratne has been appointed the new chairman of Arpico Finance Company PLC (AFCP). Arpico Finance is the second oldest finance company in Sri Lanka and it engaged 65 years in the finance industry. A civil engineer by profession, Dr. Karunaratne holds over 30 years post-qualification experience in Civil Engineering, Building Construction, Engineering Consultancy, Construction Training, Lecturing, Designing and Planning.

An eminent academic and professional, Dr. Rohan Karunaratne selected business administration for his post graduation. When it was the time for a PhD he selected both subjects. Accordingly, he has two PhDs, one in Business Administration in Sussex (UK) and Contraction Management in USA.

Dr. Rohan Karunaratne is currently the Chairman of AMF, Human Resource Development Ltd., Master Builders International Ltd., Hybrid Airports Ltd., Overseas Training Academy, Pinthaliya Resorts and Spa, and A.K.K Engineers Ltd. He is President of the Ceylon Institute of Builders and Vice President of International Institute of Management. Dr. Karunaratne is also a board Director of Hatton National Bank PLC, Chamber of Construction Industry and Helanko Hotels & Spa. He is also the adviser to the Ministry of Megapolis and Western Development.

Arpico Finance Company PLC (AFCP) is a fully fledged finance company licensed by the Monetary Board of the Central Bank of Sri Lanka under the finance business Act. No. 42 of 2011. It is Sri Lanka’s second oldest finance company, supporting financial needs of the retail and, small and medium enterprises (SME) sector for over six decades.

The controlling interest of the AFCP was acquired by Alliance Finance Group in 1967 from the original shareholders. With the consolidation drive initiated by the Central Bank, Alliance Finance Group divested its controlling interest to Associated Motor Finance PLC, who is now the major shareholder of the company with a stake 94%.

AFCP offers range of services including deposits, leasing, and hire purchase, loans and Islamic Finance, to its loyal customer base, some of whom have been with the company for over four decades. It operates through a network of ten branches and a team of 350 employees who are key enablers of its success over the years.

The company is listed on the Main Board of the Colombo Stock Exchange with the market capitalisation of Rs. 1.23 billion as at 31 March.

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