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