Orient Financial Services Corporation renamed Orient Finance PLC

Orient Financial Services Corporation Limited (OFSCL) was issued a licence as a finance company on June 25, 2012 under the Finance Business Act No. 42 of 2011, after which the company was renamed as Orient Finance PLC. The company also debuted in the Colombo Stock Exchange as a public limited company on June 7, 2012 opening its doors to public shareholders.

While transforming itself from a specialised leasing company to a finance company, Orient Finance is now focusing on expanding the Leasing, Hire Purchase and Debt Factoring businesses.

OFSCL commenced operations in 2003 with the company's core activities consisting of leasing, hire purchase and debt factoring. Since becoming licensed as a finance company, Orient Finance plans to broaden its product range with Fixed Deposits and Savings Deposits.

A spokesman for the Company said, "With nearly a decade of experience, Orient Finance is a fast growing company with a large and diversified base of customers who are offered convenient access through fourteen branches and Customer Service Points throughout Sri Lanka. Six fully-fledged branches are in Colombo, Kochchikade, Matara, Ampara, Kurunegala and Welisara while customer service centres function in Kandy, Avissawella, Galle, Kalutara, Vavuniya, Anuradhapura, Kegalle and Gampaha areas".