Friday Nov 15, 2024
Friday Nov 15, 2024
Friday, 15 June 2012 02:25 - - {{hitsCtrl.values.hits}}
The pawning business of The Finance Co. PLC (TFC), which was tagged as an exceptional contributor to the firm’s revenues have exceeded internal expectations and recorded an astonishing growth of 237% year on year, justifying the decision to open dedicated pawning centres island wide through a strategic plan initiated by the company directors early last year.
The newest pawning centres to be opened were two dedicated service centres that have now been unveiled on the same day in Mahiyanganaya and Nuwara Eliya totalling the overall figure of pawning units to 36.
The Mahiyang-anaya Pawning Service Centre was declared open on 23 May by the Mahiyanganaya Pradeeshiya Sabha Chairman W.M. Sunil and now operates from No. 16, New Town, Mahiyanganaya.
The Nuwara Eliya Pawning Centre was declared open by Nuwara Eliya Land Registrar G.K.M.T.S. Kaviraj and commenced business on the same day from 158/1, Kandy Road, Nuwara Eliya. Pawning, which has seen rapid increase in business activity from the outset, shows signs of more members of the public in varying communities the island over, showing trust in TFC to partner their financial solutions.
As a result, the overall investment arm of the firm has enjoyed an impressive 123% growth during the financial year. TFC, which is a household name, has over seven decades of unmatched experience in the non banking finance sector serving the Sri Lankan public through a growing network of 60 branches spread island wide.
