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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Vallibel Finance records steady growth

Vallibel Finance records steady growth

+2
Harry82
dilruk raja
6 posters

Go down  Message [Page 1 of 1]

1Vallibel Finance records steady growth Empty Vallibel Finance records steady growth Sat Jul 12, 2014 9:23 pm

dilruk raja


Manager - Equity Analytics
Manager - Equity Analytics



Vallibel Finance PLC recently released its financial results for 2013.

The financial institution saw its gross profits amass to Rs. 490 million sustaining its remarkable momentum. The gross profit was a 5% increase compared to the previous year.

Interest income showed a 36% rise to Rs. 2.44 billion compared to the previous year's Rs. 1.79 billion.

The company continued to see public trust grow exponentially with deposits increasing by a massive 44% to reach Rs. 9 billion compared to the previous year's Rs. 6.27billion.

Total assets saw a steady ascend, rising 32% to cross the Rs.12 billion mark. Despite a lacklustre demand for credit in the market, Vallibel Finance saw its lending portfolios growing across the spectrum with total lending reaching Rs. 10.23 billion.

This amounts to a 33% growth from the Rs. 7.76 billion recorded in 2013. "When you have raised the bar and that too during a tough and challenging period as a newcomer, the market expects you to sustain the momentum," a bank official said.

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Laughing Laughing 

3Vallibel Finance records steady growth Empty Re: Vallibel Finance records steady growth Wed Jul 16, 2014 10:50 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Very Happy Very Happy Very Happy 

4Vallibel Finance records steady growth Empty Re: Vallibel Finance records steady growth Wed Jul 16, 2014 10:57 am

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

+ LFIN

5Vallibel Finance records steady growth Empty Re: Vallibel Finance records steady growth Thu Jul 17, 2014 10:47 pm

stockboy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

vfin will reach 50 by next 2 weeks

6Vallibel Finance records steady growth Empty Re: Vallibel Finance records steady growth Thu Jul 17, 2014 10:51 pm

RoomGirl


Manager - Equity Analytics
Manager - Equity Analytics

stockboy wrote:vfin will reach 50 by next 2 weeks  
Shaaa.. niyamainee....  Razz 

7Vallibel Finance records steady growth Empty Re: Vallibel Finance records steady growth Thu Jul 17, 2014 10:55 pm

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Vallible Finance, formerly Rupee finance bought by Dhammika Perera for Rs 50mn worth lot of money today. Overall growth and profitability of the banking and finance sector not looking that great!

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