Monday Jan 20, 2025
Monday Jan 20, 2025
Monday, 20 January 2025 04:38 - - {{hitsCtrl.values.hits}}
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| Vallibel Finance PLC Managing Director Jayantha Rangamuwa |
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Vallibel Finance PLC achieved a significant milestone in its remarkable growth story by surpassing the Rs. 100 billion mark in assets, a testament to its outstanding performance and rapid expansion.
With this achievement, Vallibel Finance continues to solidify its position as one of Sri Lanka’s most dynamic and forward-thinking financial institutions.
Launched in 2007, Vallibel Finance has grown exponentially, now employing 1,700 individuals across its expanding network. The company’s ability to achieve this remarkable financial milestone within 17 years speaks volumes about its strong leadership group, operational excellence, and commitment to sustainable growth.
Vallibel Finance’s commitment to balancing growth with quality, particularly through its effective management of Non-Performing Loans (NPLs), among lowest in the industry showcases a strong focus on prudent financial practices. This disciplined risk management strategy has allowed the company to maintain financial stability while still pursuing expansion. Its reputation as a trusted and reliable financial partner has been built through consistent delivery of superior services, fostering lasting customer loyalty.
Vallibel Finance PLC Managing Director Jayantha Rangamuwa said: “We are incredibly proud to announce that Vallibel Finance has successfully surpassed the Rs. 100 billion mark. This milestone reflects our continued momentum and the strength of our business model. Despite external challenges, our resilience and commitment to innovation have empowered us to overcome obstacles and sustain growth. Our success is underpinned by a robust, well-governed framework that prioritises compliance, effective risk management, and sustainable business practices. We would also like to express our heartfelt thanks to all our stakeholders and staff members who have been integral to our journey.’”
Vallibel Finance’s impressive growth is not only marked by the completion of its corporate office, but also by its remarkable ability to construct the building in just 2.5 years, despite the challenging economic conditions existing at the time. The corporate office, landmark building featuring state-of-the-art technology and sleek, modern architecture, symbolises Vallibel Finance’s success and its continued drive for innovation. It also enhances the company’s visibility within Colombo’s skyline, solidifying its role in the competitive financial industry.
In 2024, Vallibel Finance further expanded its footprint by launching 12 new branches, bringing its services closer to communities across the nation. This expansion underscores the company’s commitment to enhancing accessibility, ensuring that its services remain within easy reach of customers nationwide.
Vallibel Finance’s recognition as the ‘Best Finance Company’ for three consecutive years by The Global Economics, UK, further underscores its industry leadership and excellence in the financial sector. This prestigious accolade highlights the company’s commitment to maintaining high standards of service and its innovative approach to business.
