TOP LISTED FINANCE COMPANIES

worthiness · 1 TOP LISTED FINANCE COMPANIES Fri Aug 04, 2017 9:05 am

worthiness

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Except LFIN & VFIN what are the listed finance companies which maintain good reliable customer relationship with sustainable liquidity position.

Malika1990 · 2 Re: TOP LISTED FINANCE COMPANIES Fri Aug 04, 2017 9:24 am

Malika1990

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Alliance Finance

fortuneteller · 3 Re: TOP LISTED FINANCE COMPANIES Fri Aug 04, 2017 1:22 pm

fortuneteller

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– People’s Leasing & Finance PLC (PLC)
– Central Finance Company PLC (CF)
– Melsta Regal Finance Ltd (MRF)
– HNB Grameen Finance Limited (HGL)
– LB Finance PLC (LB)
– Siyapatha Finance PLC (Siyapatha)
– Senkadagala Finance PLC (Senka)
– AMW Capital Leasing And Finance PLC (AMWCL)
– Singer Finance (Lanka) PLC (SFL)
– Mercantile Investments and Finance PLC (MIF)

worthiness · 4 Re: TOP LISTED FINANCE COMPANIES Fri Aug 04, 2017 5:02 pm

worthiness

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Why ARPI & BFN out?

fortuneteller · 5 Re: TOP LISTED FINANCE COMPANIES Fri Aug 04, 2017 6:23 pm

fortuneteller

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At least five registered finance companies are in the doghouse for mismanagement and inability to pay interest to depositors on time or allowing depositors to redeem their investment on maturity or remove it.

worthiness · 6 Re: TOP LISTED FINANCE COMPANIES Fri Aug 04, 2017 6:44 pm

worthiness

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@fortuneteller
Thanks for your feedback which is really meaningful to readers. It is odd to ask you what are those mismanaged finance houses. I feel it is useful for many not to trap themselves if such houses are disclosed.

Wimal Modawansa · 7 ANOTHER FINANCE COMPANY IN DEEP TROUBLE? Thu Aug 10, 2017 10:08 am

Wimal Modawansa

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ANOTHER FINANCE COMPANY IN DEEP TROUBLE?
                                                                                                                             •Troubled Disaster stricken Abans Finance PLC suffers steep decline in profit to Rs 9 Mn from Rs 34 (72.7%) for quarter ended 30th June 2017.

•Impairment related to bad loans increases to 19.95%

•Deposits and Advances declines after acquisition of Ironwood Investment and Abans group downgrading the status to associate from the status of subsidiary.
                                                                                                                             •Share which was trading @ Rs69.90 traded at Rs.24.20.
                                                                                                                             (Source- CSE).

MAJOR CHANGES TO BE MADE AS THE CHIEF EXECUTIVE OFFICER AND CHIEF OPERATING OFFICER ASKED TO RESIGN AS THEY COULD NOT DELIVER WHAT THEY PROMISED TO DELIVER.

(Source- STAFF MEMBERS).