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Sunday, June 16, 2024

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Alliance Group poised to achieve better results

The Alliance Group has one of the lowest Non Performing Loan (NPL) ratios in the finance industry, said Alliance Finance Deputy Chairman, Romani De Silva.

He was addressing a ceremony to launch 'Alliance Space', a one stop shop lifestyle store to cater to home and office interior requirements.

De Silva said despite adverse market conditions affecting the finance industry the company recorded a steady growth during the previous financial years and diversified into manufacturing, trade and real estate businesses.

"The Alliance Group recorded a NPL ratio below four per cent last year.

The NPL of the finance industry is around six per cent. The Group is poised to achieve better results with innovative products," he said.

Chairman, Alliance Group Pratapkumar De Silva said some of the finest products of world renowned companies will be showcased and the Group will be ready to face its competitors.

"Having served customer for generations for half a century it will be an advantage to expand our market share and position ourselves better in the interior industry", the chairman said.

Alliance Space will offer a range of quality products and services which include furniture, accessories, bathroomware and tap fittings from renowned brands such as Kalevit sanitaryware from Turkey and Ottone Meloda designer tap fittings from Italy. LF

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