Incorporated in 1978 in Sri Lanka, Trade Finance and Investments PLC celebrates its 40th year anniversary this year.
Strong fundamentals and values have ensured Trade Finance and Investments PLC’s success over the last 40 years. Securing its position as a trusted and respected financial institution, Trade Finance and Investment PLC is reaping benefits of its long-term visionary strategic managerial decisions. A subsidiary of Commercial Credit and Finance PLC, Trade Finance and Investments PLC has seen tremendous growth and success. The last concluded fiscal year showcased the achievements of Trade Finance and Investments PLC. The company reached an asset base of Rs. 7.4 billion, recording a 100 percent growth in the Company’s asset base. Trade Finance and Investments PLC recorded a 47 percent growth in its profit after tax while its total loan portfolio also grew by 107 percent - reaching a value of Rs. 7.1 billion. The Company’s net interest margin remains among the best in the industry despite major portions of its growth portfolio being funded by bank borrowing. Also showing growth from the perspective of shareholders, the net assets per share of the company improved to Rs. 26.38. Trade Finance and Investment PLC Chairman L.G.S. Perera said, “In our 40 years of operations, we have encountered many challenges. Despite these upheavals, we have prevailed and carried forward the growth momentum to lead us to the successes of a competitive and dynamic market within which the Company operates today.”
“The continuous support and guidance from our parent Company, Commercial Credit and Finance PLC has enabled us to achieve remarkable results that benefit all stakeholders. The reliability and stability of the Company is re-iterated by the retention of the credit rating of BBB- bestowed by ICRA Lanka Limited,” Managing Director L.A.J.F. Morais said.