Orient Financial Services Corporation issued license as a finance company, rebrands as Orient Financ

Wednesday, 25 July 2012 00:25 - - {{hitsCtrl.values.hits}}

Orient Financial Services Corporation Limited (OFSCL) was issued a license as a finance company on 25 June 2012 under the Finance Business Act No. 42 of 2011, subsequent to which the company was renamed as Orient Finance PLC.

The company also debuted in the Colombo Stock Exchange as a public limited company as of 7 June 2012 opening its doors to public shareholders.

Presently there is a paradigm shift in the company. While transforming itself from being a specialised leasing company to a finance company, Orient Finance is now focusing on expanding and growing, inter alia, the leasing, hire purchase and debt factoring businesses.

OFSCL commenced operations in 2003 with the company’s core activities consisting of Leasing, Hire Purchase and Debt Factoring. Since becoming licensed as a finance company, Orient Finance plans to broaden its product range with fixed deposits and savings deposits from which the company can gain a better opportunity to offer an enhanced product portfolio.

With nearly a decade of experience in leasing, hire purchase and debt factoring, Orient Finance is a fast growing company with a large and diversified base of customers who are offered convenient access through 14 branches and Customer Service Points throughout Sri Lanka. Six fully-fledged branches are located in Colombo, Kochchikade, Matara, Ampara, Kurunegala and Welisara while customer service centres function in Kandy, Avissawella, Galle, Kalutara, Vavuniya, Anuradhapura, Kegalle and Gampaha areas.

The company offers customised products to suit the lifestyles and requirements of its clients. Varied leasing schemes are presented to everyone, whether it is a savvy executive looking to buy a Sports Utility Vehicle (SUV), a businessman planning to buy a commercial vehicle or a farmer who prefers a repayment scheme to suit his seasonal income for an agricultural tractor or a combined harvester.

Orient’s transition to a finance company is backed by the knowledge and experience of the dynamic management team and a Board of Directors consisting of leading professionals.

The Board of Directors of the company consists of Dr. Dayanath Jayasuriya PC as Chairman, Prakash Schaffter, Ramesh Schaffter, Ananda Atukorala, Lakshmi Gunetilleke, Anil Tittawela PC and Sarath Wickramanayake as Directors. Rajeeva Bandaranaike functions as the Chief Executive Officer.

Orient Finance PLC is a subsidiary of Orient Capital Limited (OCL), which is a 100% equity financed company, which offers diverse capital market services to individual and corporate clients with an experienced Board of Directors and senior management.

Orient Wealth Limited and First Alliance Money Brokers Limited (FAMB) also come under the OCL umbrella.