Finance Companies To Be Listed By Next June

Finance CompaniesOnly seven firms are nonetheless listed in the Colombo Stock Exchange (CSE), of the total of 37 Registered Finance Companies (RFCs). Vallibel Finance is the latest RFC to get listed in the CSE. The Central Bank has made it obligatory for all finance companies to get listed within the CSE earlier than August 2011. Getting listed within the CSE will assist corporations to raise capital in an environment friendly manner.

Additionally, sharia-based mostly financing was additionally on the rise in the identical interval, with round Rp 27 trillion in financing receivables. The Financial Services Authority (OJK) statistical report on finance corporations (as of third quarter 2016) confirmed that the year-on-12 months growth of financing receivables between 2015 and 2016 was 1.seventy nine percent, whereas the non-performing mortgage (NPL) ratio was maintained beneath 3 percent. Our loans are effectively insured for max safety is our precedence, Are you dropping sleep at …