News & Press Releases
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Fitch Affirms Sri Lanka's Central Finance Company PLC at 'A+(lka)'
CF Fitch Ratings (PDF Format 25Kb)
CF introduces ATM facility
Central Finance Company Limited the predominant player in the financial sector successfully ventured into the savings program “CF Savings” in the early January this year. These accounts attracted many customers because of the unique features and benefits offered to suit individual needs. From the inception the fundamental principle of CF savings was to understand the customer and give him/her what he/she wants.
Souce: The Nation (www.nation.lk) on 10/12/2006
CF first finance company to launch ATM service
Central Finance broke new ground in establishing an ATM service to their customers in Colombo.
Central Finance Co Ltd,the predominant player in the financial sector successfully ventured into the savings program “CF Savings” in early January 2006. These accounts attracted many customers because of the unique features and benefits offered to suit individual needs. From the inception the fundamental principle of CF Savings was to “ Understand your customer and give them what they want”.
Source: Daily Mirror - Financial Times (www.dailymirror.lk) on 09/12/2006
CF adopts Uni-banking
NOVEL PRODUCT: Central Finance Company Limited (CF) is now practising a Uni-banking system to enable customers to conduct their transactions from any CF branch.
To boost this CF has introduced its own Automated Teller Machine network (ATM) commencing operations on December 5.
Source: Daily News (www.dailynews.lk) on 08/12/2006
Central Finance to set up ATM network, new savings scheme launched
Central Finance Co. Ltd. expects to setup an ATM network in the next three months, Managing Director of Central Finance E.H. Wijenaike said at the launch of four new saving schemes. Wijenaike said that it is welcome that Central Bank has authorised finance companies to introduce saving products for the customers.
Source: Daily News (www.dailynews.lk) on 03/01/2006
Transfer Tax Could Kill Leasing Industry
A proposed transfer tax on assets proposed in the last budget could kill the leasing industry, a senior finance company official has warned. E.H. Wijenaike, managing director of Central Finance, told the Sunday Times FT that the tax on transfer value of an asset at the end of a lease would make leasing unviable.
Central Finance Group posts Rs. 822 m net profit
Central Finance Group recorded a Rs. 822 million net profit for the financial year 2003/4 as against Rs. 566 million recorded in the previous year.
The growth in profit is attributed to the resilience of the economy and effective management of resources as contributory factors.
Source: Daily News (www.dailynews.lk) on 24/08/2004
Central Finance net profit soars 190 p.c. to Rs. 566.2 m
Catering to a more diversified market has enabled Central Finance Co. Ltd, blue chip to increase its net profit for the year ended March 31, 2003 to Rs. 566.2 million, up 190 percent from the Rs. 195.2 million a year ago.
The gross turnover of the company has also increased to Rs. 7.5 billion during the period under review, up from the Rs 7 billion a year ago. The Earnings Per Share for the current year increased to Rs. 46.49 from the Rs. 16.07 the previous year.
Source: Daily News (www.dailynews.lk) on 11/09/2003
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