Colombo September 5, 2012: George Steuart Finance Limited unveiled to the public the new corporate name and their future plans for growth, at a launch event held in Colombo. The company also announced the approval for listing on the Diri Savi Board of the Colombo Stock Exchange in the near future.
Having joined forces with the George Steuart Group, one of the oldest and most reputed mercantile establishments in the country, the company is now at an advantage to enjoy the synergies available within the Group which has diversified interests in businesses such as Health, Manufacturing, Exports, Leisure, Engineering, Construction, Recruitment, Education and now Finance.
Speaking at the launch Mr. Lakshman Uduwara, Director/Chief Executive Officer of GS Finance said, “We are now stronger by being part of the reputed George Steuart Group. With this affiliation, we now project an enhanced corporate image and stability, gives ample confidence to potential investors. The public needs to know that their money is secure whilst earning the best returns. Also, customers are attracted by a friendly, convenient atmosphere. Our valued customers are assured that they will receive total satisfaction when dealing with us. In keeping with the Group’s culture and corporate values our company stands dedicated to adhere to the highest levels of good governance, transparency and integrity”.
Mr. Uditha Ranaweera, Executive Director and Head of Business Development commented, “With regard to business expansion, the company proposes to open more branches in strategic locations of the country this year, in addition to the currently established five branches, in order to service a wider spectrum of clients. The company also has plans to commence micro financing operations with a commitment to assist grassroots level businesses, especially the aspiring youth. It is the belief of the Board of Directors that all Group businesses should converge their strengths to build this Nation and power its growth to the next level.”
George Steuart Finance currently offers comprehensive services such as Fixed Deposits, Leases, Hire Purchase, Loans, Short Term Trade Finance, Cheques and Bills Discounting, Margin Trading and Real Estate Development. The company’s dedicated research team looks forward to introducing many innovative financial products that will add value and uplift the lives of upwardly mobile Sri Lankan people.
The company’s portfolio of Deposits and Advances has shown an impressive growth during the last two years. The human resource capital of the company has also improved in leaps and bounds, facilitating the operational infrastructure and the offering of a superlative standard of services to customers.
George Steuart Finance was initially established as Asia Commerce (Pvt) Ltd, a dedicated Leasing Company in 2005. Broad basing the capital structure, growing the product profile and bringing in industry professionals to strengthen the Board, in May 2011, on being granted the Finance Company license, in order to deliver a better financial product, the company moved to its modern office complex on Galle Road, Colombo 3.
Today, backed by the strength of the George Steuart Group, the company stands confidently poised to support the industry growth, setting a new benchmark as a dynamic force in the corporate sector of Sri Lanka.
Photo caption: Chief Guest Governor of the Central Bank of Sri Lanka Ajit Nivard Cabraal (left) and Director/Chief Executive Officer of GS Finance Lakshman Uduwara speaking at the event.