Knowledge

Central Finance Company

Source 📝

27: 277: 239: 222: 205: 188: 168: 370:
by Chandra Wijenaike. The company was listed on the Colombo Stock Exchange in 1969. By 1999, the company was headquartered in Kandy and had nine branches and two non-deposit-taking outlets. The company diversified into other areas of business including real estate development and insurance brokering.
371:
The company acquired a 90.1 per cent stake in Isuru Leasing, a small-scale finance company based in Kandy in November 2014. This was carried out as part of the plan of consolidating the financial services sector by the Central Bank of Sri Lanka.
1580: 1570: 423: 1575: 721: 809: 410:(owns a stake of 21.38%), Tea Smallholders Factories PLC (29.30%), and Capital Suisse Asia Ltd (24.58%). However, the Monetary Board of Central Bank has asked both 65: 406:
in 2019. The company owns a number of subsidiaries including Central Industries PLC and Kandy Private Hospitals (Pvt) Ltd. The company also has invested in
259: 414:
and Central Finance Company to reduce their stakes in the Nations Trust Bank to a maximum of 20% at the end of 2021 and 15% at the end of 2022.
1565: 379: 1418: 578: 633: 1539: 601: 802: 180: 1230: 1438: 787: 795: 333: 58: 1153: 747: 661: 1117: 1062: 638: 974: 1132: 1342: 1283: 1137: 1072: 939: 819: 752: 669: 395: 1469: 1255: 868: 606: 402:
financing, deposit mobilization and providing other financial services. The company received an A+ rating from
1301: 1087: 1513: 1357: 1332: 1220: 1215: 1067: 690: 542: 532: 341: 54: 382:
invested heavily in Central Finance. Perpetual Treasuries entered into the top ten shareholders in 2016.
1464: 1392: 1041: 824: 1352: 1245: 1107: 954: 411: 1031: 448: 1459: 1367: 1235: 1210: 1205: 1163: 1127: 1102: 989: 914: 407: 82: 1316: 1265: 1184: 1092: 929: 722:"Fitch revises outlook on Central Finance to negative; affirms ratings of 5 finance companies" 611: 574: 391: 1443: 1408: 1306: 1250: 1097: 934: 757: 231: 171: 1544: 1474: 1311: 1026: 969: 878: 700: 26: 1082: 1077: 1036: 979: 949: 511: 503: 390:
Central Finance Company is one of the licensed finance companies, authorised to accept
375: 354: 40: 1559: 1534: 1492: 1433: 1372: 1337: 1200: 1122: 984: 964: 924: 477: 403: 399: 298: 48: 1428: 1377: 1179: 1046: 1010: 994: 898: 888: 873: 345: 564: 71: 1387: 1112: 959: 348:
in Sri Lanka for the year 2021. Central Finance Company was ranked 44th in the
1497: 1423: 1260: 919: 847: 285: 197: 1518: 1347: 842: 828: 570: 337: 1382: 1362: 893: 1240: 944: 883: 537: 748:"Regulator notices JKH and Central Finance to reduce their NTB stakes" 1225: 863: 695: 566:
Intellectual Capital Accounting: Practices in a Developing Country
367: 214: 104: 1158: 791: 398:. The company's main business activities include leasing, 634:"Perpetual Treasuries on buying spree with its billions" 344:
in 1969. Brand Finance ranked the company the 28th most
602:"Central Finance completes Isuru Leasing amalgamation" 424:
List of companies listed on the Colombo Stock Exchange
782: 340:
having founded in 1957. The company is listed on the
1527: 1506: 1483: 1452: 1401: 1325: 1292: 1274: 1193: 1172: 1146: 1055: 1019: 1003: 907: 856: 835: 305: 294: 284: 269: 246: 229: 212: 195: 178: 162: 143: 133: 119: 111: 88: 78: 64: 46: 36: 1581:Financial services companies established in 1957 310: 443: 441: 439: 366:Central Finance Company was founded in 1957 in 1571:Companies listed on the Colombo Stock Exchange 803: 8: 19: 810: 796: 788: 25: 18: 1576:Financial services companies of Sri Lanka 16:Sri Lankan non-banking financial company 435: 563:Abeysekera, Indra (20 December 2007). 380:Central Bank of Sri Lanka bond scandal 1419:Citizens Development Business Finance 253:Corporate Services (Pvt) Ltd (16.11%) 7: 1540:Colombo Land and Development Company 642:. Wijeya Newspapers. 30 October 2016 155:E. H. Wijenaike (Managing Director) 14: 1231:Distilleries Company of Sri Lanka 276: 275: 238: 237: 221: 220: 204: 203: 187: 186: 167: 166: 1133:The Nuwara Eliya Hotels Company 352:for the fiscal year 2019/20 by 334:non-bank financial institutions 321:Footnotes / references 31:Logo of Central Finance Company 1439:People's Leasing & Finance 1154:Diesel & Motor Engineering 225:LKR106.728 billion (2023) 1: 1566:1957 establishments in Ceylon 1020:Consumer Durables and Apparel 691:"Central Finance Company PLC" 458:. Central Finance Company PLC 242:LKR61.446 billion (2023) 191:LKR16.806 billion (2023) 1063:Aitken Spence Hotel Holdings 975:Richard Pieris & Company 662:"Licensed Finance Companies" 478:"Sri Lanka 100 2021 Ranking" 208:LKR7.559 billion (2023) 152:A. D. B. Talwatte (Chairman) 1068:Asian Hotels and Properties 330:Central Finance Company PLC 20:Central Finance Company PLC 1597: 1307:Ceylon Hospitals (Durdans) 1194:Food, Beverage and Tobacco 1173:Food and Staples Retailing 940:E. B. Creasy & Company 820:S&P Sri Lanka 20 Index 374:Perpetual Treasuries, the 174:24.474 billion (2023) 1363:National Development Bank 1343:Commercial Bank of Ceylon 1284:Swadeshi Industrial Works 1073:Ceylon Hotels Corporation 1004:Automobile and Components 670:Central Bank of Sri Lanka 533:"Central Finance Co. PLC" 396:Central Bank of Sri Lanka 319: 260:Employees' Provident Fund 24: 1470:Softlogic Life Insurance 869:Chevron Lubricants Lanka 256:E. H. Wijenaike (15.41%) 1414:Central Finance Company 1302:Asiri Hospital Holdings 1083:Galadari Hotels (Lanka) 543:Dow Jones & Company 449:"Annual Report 2022/23" 394:from the public by the 1514:Vallibel Power Erathna 1402:Diversified Financials 1358:HDFC Bank of Sri Lanka 1221:Ceylon Tobacco Company 1216:Ceylon Grain Elevators 342:Colombo Stock Exchange 290:Central Industries PLC 94:; 66 years ago 1465:Janashakthi Insurance 1393:Union Bank of Colombo 1293:Health Care Equipment 1256:Lion Brewery (Ceylon) 1108:Mahaweli Reach Hotels 1042:Hela Apparel Holdings 825:All Share Price Index 332:is one of the oldest 92:December 5, 1957 1535:C T Land Development 1353:Hatton National Bank 1246:Keells Food Products 1128:The Lighthouse Hotel 1118:The Fortress Resorts 955:John Keells Holdings 504:"Top 100 Chronology" 412:John Keells Holdings 1032:Dankotuwa Porcelain 823:←    271:Number of employees 135:Number of locations 21: 1460:Ceylinco Insurance 1368:Nations Trust Bank 1317:Nawaloka Hospitals 1236:Harischandra Mills 1211:Ceylon Cold Stores 1206:Carson Cumberbatch 1164:Singer (Sri Lanka) 1103:John Keells Hotels 990:Softlogic Holdings 915:Access Engineering 760:. 17 December 2020 408:Nations Trust Bank 83:Financial services 1553: 1552: 1498:Sri Lanka Telecom 1484:Telecommunication 1277:Personal Products 1266:Sunshine Holdings 1185:Cargills (Ceylon) 1138:Trans Asia Hotels 1056:Consumer Services 930:Brown and Company 894:Swisstek (Ceylon) 822: 612:Wijeya Newspapers 580:978-1-134-07361-0 482:brandirectory.com 327: 326: 280:1,582 (2023) 115:Chandra Wijenaike 1588: 1444:Vallibel Finance 1409:Capital Alliance 1251:Lanka Milk Foods 1113:TAL Lanka Hotels 1098:Jetwing Symphony 935:Colombo Dockyard 818: 812: 805: 798: 789: 783:Official website 770: 769: 767: 765: 758:Upali Newspapers 744: 738: 737: 735: 733: 718: 712: 711: 709: 707: 687: 681: 680: 678: 676: 658: 652: 651: 649: 647: 639:The Sunday Times 630: 624: 623: 621: 619: 598: 592: 591: 589: 587: 560: 554: 553: 551: 549: 529: 523: 522: 520: 518: 500: 494: 493: 491: 489: 474: 468: 467: 465: 463: 453: 445: 378:involved in the 315: 312: 279: 278: 241: 240: 234: 224: 223: 217: 207: 206: 190: 189: 181:Operating income 170: 169: 102: 100: 95: 74: 29: 22: 1596: 1595: 1591: 1590: 1589: 1587: 1586: 1585: 1556: 1555: 1554: 1549: 1545:Overseas Realty 1523: 1502: 1485: 1479: 1475:Union Assurance 1448: 1397: 1321: 1312:Lanka Hospitals 1294: 1288: 1276: 1270: 1189: 1168: 1142: 1088:Hayleys Leisure 1051: 1027:Ambeon Holdings 1015: 999: 970:Renuka Holdings 903: 879:Dipped Products 852: 831: 816: 779: 774: 773: 763: 761: 746: 745: 741: 731: 729: 720: 719: 715: 705: 703: 701:Financial Times 689: 688: 684: 674: 672: 660: 659: 655: 645: 643: 632: 631: 627: 617: 615: 600: 599: 595: 585: 583: 581: 562: 561: 557: 547: 545: 531: 530: 526: 516: 514: 502: 501: 497: 487: 485: 484:. Brand Finance 476: 475: 471: 461: 459: 451: 447: 446: 437: 432: 420: 388: 364: 323: 309: 272: 265: 230: 213: 200: 183: 158: 146: 139:103 (2023) 136: 129: 125: 98: 96: 93: 70: 51: 32: 17: 12: 11: 5: 1594: 1592: 1584: 1583: 1578: 1573: 1568: 1558: 1557: 1551: 1550: 1548: 1547: 1542: 1537: 1531: 1529: 1525: 1524: 1522: 1521: 1516: 1510: 1508: 1504: 1503: 1501: 1500: 1495: 1489: 1487: 1481: 1480: 1478: 1477: 1472: 1467: 1462: 1456: 1454: 1450: 1449: 1447: 1446: 1441: 1436: 1431: 1426: 1421: 1416: 1411: 1405: 1403: 1399: 1398: 1396: 1395: 1390: 1385: 1380: 1375: 1370: 1365: 1360: 1355: 1350: 1345: 1340: 1335: 1329: 1327: 1323: 1322: 1320: 1319: 1314: 1309: 1304: 1298: 1296: 1290: 1289: 1287: 1286: 1280: 1278: 1272: 1271: 1269: 1268: 1263: 1258: 1253: 1248: 1243: 1238: 1233: 1228: 1223: 1218: 1213: 1208: 1203: 1197: 1195: 1191: 1190: 1188: 1187: 1182: 1176: 1174: 1170: 1169: 1167: 1166: 1161: 1156: 1150: 1148: 1144: 1143: 1141: 1140: 1135: 1130: 1125: 1120: 1115: 1110: 1105: 1100: 1095: 1093:Hunas Holdings 1090: 1085: 1080: 1078:Citrus Leisure 1075: 1070: 1065: 1059: 1057: 1053: 1052: 1050: 1049: 1044: 1039: 1037:Hayleys Fabric 1034: 1029: 1023: 1021: 1017: 1016: 1014: 1013: 1007: 1005: 1001: 1000: 998: 997: 992: 987: 982: 980:Royal Ceramics 977: 972: 967: 962: 957: 952: 950:Hemas Holdings 947: 942: 937: 932: 927: 922: 917: 911: 909: 905: 904: 902: 901: 896: 891: 886: 881: 876: 871: 866: 860: 858: 854: 853: 851: 850: 845: 839: 837: 833: 832: 817: 815: 814: 807: 800: 792: 786: 785: 778: 777:External links 775: 772: 771: 739: 713: 682: 653: 625: 614:. 7 March 2017 593: 579: 573:. p. 71. 555: 524: 495: 469: 434: 433: 431: 428: 427: 426: 419: 416: 387: 384: 376:primary dealer 363: 360: 346:valuable brand 325: 324: 317: 316: 307: 303: 302: 296: 292: 291: 288: 282: 281: 273: 270: 267: 266: 264: 263: 257: 254: 250: 248: 244: 243: 235: 227: 226: 218: 210: 209: 201: 196: 193: 192: 184: 179: 176: 175: 164: 160: 159: 157: 156: 153: 149: 147: 144: 141: 140: 137: 134: 131: 130: 127: 123: 121: 117: 116: 113: 109: 108: 90: 86: 85: 80: 76: 75: 68: 62: 61: 52: 47: 44: 43: 38: 34: 33: 30: 15: 13: 10: 9: 6: 4: 3: 2: 1593: 1582: 1579: 1577: 1574: 1572: 1569: 1567: 1564: 1563: 1561: 1546: 1543: 1541: 1538: 1536: 1533: 1532: 1530: 1526: 1520: 1517: 1515: 1512: 1511: 1509: 1505: 1499: 1496: 1494: 1493:Dialog Axiata 1491: 1490: 1488: 1482: 1476: 1473: 1471: 1468: 1466: 1463: 1461: 1458: 1457: 1455: 1451: 1445: 1442: 1440: 1437: 1435: 1434:LOLC Holdings 1432: 1430: 1427: 1425: 1422: 1420: 1417: 1415: 1412: 1410: 1407: 1406: 1404: 1400: 1394: 1391: 1389: 1386: 1384: 1381: 1379: 1376: 1374: 1373:Pan Asia Bank 1371: 1369: 1366: 1364: 1361: 1359: 1356: 1354: 1351: 1349: 1346: 1344: 1341: 1339: 1338:Cargills Bank 1336: 1334: 1331: 1330: 1328: 1324: 1318: 1315: 1313: 1310: 1308: 1305: 1303: 1300: 1299: 1297: 1291: 1285: 1282: 1281: 1279: 1275:Household and 1273: 1267: 1264: 1262: 1259: 1257: 1254: 1252: 1249: 1247: 1244: 1242: 1239: 1237: 1234: 1232: 1229: 1227: 1224: 1222: 1219: 1217: 1214: 1212: 1209: 1207: 1204: 1202: 1201:Bairaha Farms 1199: 1198: 1196: 1192: 1186: 1183: 1181: 1178: 1177: 1175: 1171: 1165: 1162: 1160: 1157: 1155: 1152: 1151: 1149: 1145: 1139: 1136: 1134: 1131: 1129: 1126: 1124: 1123:The Kingsbury 1121: 1119: 1116: 1114: 1111: 1109: 1106: 1104: 1101: 1099: 1096: 1094: 1091: 1089: 1086: 1084: 1081: 1079: 1076: 1074: 1071: 1069: 1066: 1064: 1061: 1060: 1058: 1054: 1048: 1045: 1043: 1040: 1038: 1035: 1033: 1030: 1028: 1025: 1024: 1022: 1018: 1012: 1009: 1008: 1006: 1002: 996: 993: 991: 988: 986: 985:Sierra Cables 983: 981: 978: 976: 973: 971: 968: 966: 965:Lankem Ceylon 963: 961: 958: 956: 953: 951: 948: 946: 943: 941: 938: 936: 933: 931: 928: 926: 925:Aitken Spence 923: 921: 918: 916: 913: 912: 910: 908:Capital Goods 906: 900: 897: 895: 892: 890: 887: 885: 882: 880: 877: 875: 872: 870: 867: 865: 862: 861: 859: 855: 849: 846: 844: 841: 840: 838: 834: 830: 827:companies of 826: 821: 813: 808: 806: 801: 799: 794: 793: 790: 784: 781: 780: 776: 759: 755: 754: 753:Sunday Island 749: 743: 740: 728:. 2 July 2019 727: 723: 717: 714: 702: 698: 697: 692: 686: 683: 671: 667: 663: 657: 654: 641: 640: 635: 629: 626: 613: 609: 608: 603: 597: 594: 582: 576: 572: 568: 567: 559: 556: 544: 540: 539: 534: 528: 525: 513: 509: 505: 499: 496: 483: 479: 473: 470: 457: 450: 444: 442: 440: 436: 429: 425: 422: 421: 417: 415: 413: 409: 405: 404:Fitch Ratings 401: 400:hire purchase 397: 393: 385: 383: 381: 377: 372: 369: 361: 359: 357: 356: 351: 347: 343: 339: 335: 331: 322: 318: 314: 308: 304: 300: 297: 293: 289: 287: 283: 274: 268: 261: 258: 255: 252: 251: 249: 245: 236: 233: 228: 219: 216: 211: 202: 199: 194: 185: 182: 177: 173: 165: 161: 154: 151: 150: 148: 142: 138: 132: 122: 118: 114: 110: 106: 91: 87: 84: 81: 77: 73: 69: 67: 63: 60: 56: 53: 50: 45: 42: 39: 35: 28: 23: 1429:LOLC Finance 1413: 1378:Sampath Bank 1295:and Services 1180:C T Holdings 1047:Teejay Lanka 1011:Kelani Tyres 995:Vallibel One 899:Tokyo Cement 889:JAT Holdings 874:CIC Holdings 762:. Retrieved 751: 742: 730:. Retrieved 725: 716: 704:. Retrieved 694: 685: 673:. Retrieved 665: 656: 644:. Retrieved 637: 628: 616:. Retrieved 607:Daily Mirror 605: 596: 584:. Retrieved 565: 558: 546:. Retrieved 536: 527: 515:. Retrieved 507: 498: 486:. Retrieved 481: 472: 460:. Retrieved 455: 389: 373: 365: 353: 349: 329: 328: 320: 286:Subsidiaries 232:Total equity 215:Total assets 120:Headquarters 72:LK0023N00008 37:Company type 1528:Real Estate 1388:Seylan Bank 960:Lanka Tiles 726:newstube.lk 666:cbsl.gov.lk 336:(NBFIs) in 107:, Sri Lanka 1560:Categories 1424:LB Finance 1333:Amana Bank 1261:Melstacorp 920:ACL Cables 848:LAUGFS Gas 764:10 October 732:10 October 706:10 October 675:10 October 618:10 October 548:10 October 517:10 October 488:10 October 430:References 386:Operations 198:Net income 145:Key people 99:1957-12-05 59:CFIN.N0000 1519:WindForce 1507:Utilities 1453:Insurance 1348:DFCC Bank 1241:HVA Foods 1147:Retailing 857:Materials 843:Lanka IOC 829:Sri Lanka 571:Routledge 508:lmd100.lk 338:Sri Lanka 301:: A-(lka) 128:Sri Lanka 49:Traded as 1486:Services 1383:SDB bank 418:See also 392:deposits 262:(10.74%) 79:Industry 945:Hayleys 884:Haycarb 646:11 June 586:11 June 538:wsj.com 462:11 June 362:History 350:LMD 100 306:Website 163:Revenue 112:Founder 97: ( 89:Founded 57::  1226:Dilmah 864:Alumex 836:Energy 696:ft.com 577:  456:cse.lk 295:Rating 247:Owners 41:Public 1326:Banks 452:(PDF) 368:Kandy 299:Fitch 124:Kandy 105:Kandy 1159:Odel 766:2021 734:2021 708:2021 677:2021 648:2023 620:2021 588:2023 575:ISBN 550:2021 519:2021 490:2021 464:2023 66:ISIN 512:LMD 355:LMD 313:.lk 172:LKR 103:in 55:CSE 1562:: 756:. 750:. 724:. 699:. 693:. 668:. 664:. 636:. 610:. 604:. 569:. 541:. 535:. 510:. 506:. 480:. 454:. 438:^ 358:. 311:cf 126:, 811:e 804:t 797:v 768:. 736:. 710:. 679:. 650:. 622:. 590:. 552:. 521:. 492:. 466:. 101:)

Index


Public
Traded as
CSE
CFIN.N0000
ISIN
LK0023N00008
Financial services
Kandy
LKR
Operating income
Net income
Total assets
Total equity
Employees' Provident Fund
Subsidiaries
Fitch
cf.lk
non-bank financial institutions
Sri Lanka
Colombo Stock Exchange
valuable brand
LMD
Kandy
primary dealer
Central Bank of Sri Lanka bond scandal
deposits
Central Bank of Sri Lanka
hire purchase
Fitch Ratings

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.