Orient Finance PLC surpassed the Rs. 2 billion threshold in their deposits during the 1st week of July. Having reached Rs. 1 billion in deposits a mere 06 months ago, doubling the deposit base to trigger 1 billion within a remarkably short span is indeed commendable.
‘Established as a specialised leasing company in 2003 with Leasing, Hire Purchase and Debt Factoring as its core businesses, the company broadened its product range to include Fixed Deposits and Gold Loans, subsequent to being licensed by the Central Bank as a Finance Company under the Finance Business Act No 42 of 2011, in June 2012. Thus, the full product suite of the company now consists of Leasing and Hire Purchase, Debt Factoring, Gold Loans, and acceptance of Fixed Deposits. The company is also listed on the Diri Savi Board of the Colombo Stock Exchange, with a BBB- (stable outlook) investor grade rating from Lanka Rating Agency, a press release said.