Alliance Finance celebrates 60th anniversary

Current portfolio Rs. 19.3 billion:

Alliance Finance Co. PLC (AFC), one of Sri Lanka's oldest finance companies, celebrates 60 years of service, spanning four generations of customers.

AFC has a reputation for innovative and inclusive financing solutions. Launching operations six decades ago, with only five employees, the company today has 1,200 employees across the length and breadth of the country.

Chief Operations Officer of the company, Emmanuel Muttupulle said, "One of the greatest strengths that AFC has cultivated for over 60 years is its strong bond with successive generations of customers. AFC has contributed greatly to the uplift of marginalized communities and small and medium scale entrepreneurs in every single province in the country."

"Despite being the third-oldest finance company in the country, AFC has successfully evolved with the times and is proud to be a preferred partner for thousands of citizens across the nation," he said.

AFC's current product portfolio in investment solutions comprises of savings and fixed deposits, while its financing solutions portfolio consists of leasing, hire purchase and gold loans, and its own innovative collaboration finance product. Led by its Triple Bottom Line philosophy of People, Planet and Profits, AFC has infused strong values in its business that enables it to be a sustainable business entity, he said. The company was awarded two bronze awards at the 2001 'Entrepreneur of the Year' awards for the concept of 'Collaboration Finance' introduced by the Company's Managing Director, Romani de Silva.

Alliance Finance serves a customer base of over 133,000 active customers with a portfolio of Rs. 19.3 billion through a network of 87 points of presence across 23 districts.