Singer Finance (Lanka) Plc
CCSELK:SFIN.N000038.00
LKR
-2.00
(-5.00%)
Singer Finance (Lanka) Plc
CSELK:SFIN.N0000
(Colombo Stock Exchange)
Recent
price
38.00
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Singer Finance (Lanka) PLC is a Sri Lanka-based licensed non-banking financial institution that provides a comprehensive suite of financing, investment, and transactional solutions to retail consumers and micro, small, and medium-sized enterprises (MSMEs). Founded in 2004 and headquartered in Colombo, Sri Lanka, the company operates as a subsidiary of consumer durables retailer Singer (Sri Lanka) PLC, within the diversified Hayleys PLC conglomerate. Singer Finance (Lanka) PLC distributes its financial offerings through an island-wide network of dedicated branches and service centers across Sri Lanka, backed by digital delivery channels. The company's core products and services encompass lease financing for commercial vehicles, passenger automobiles, dual-purpose vehicles, two-wheelers, and three-wheelers; gold loans and pawning advances providing short-term secured liquidity; consumer durable financing structured through the parent group's extensive retail showroom footprint; personal loans, micro loans, and specialized business loans for enterprise working capital and capital expenditure; green energy financing products, including solar photovoltaic rooftop system credit facilities; factoring and trade receivables discounting for commercial clients; term-based fixed deposits and daily-interest savings accounts; Visa-branded debit cards; foreign currency exchange services; and inward international remittance handling through Western Union, alongside electronic fund transfer facilities, automated online loan payment systems, and mobile banking applications. In recent corporate and strategic developments, Singer Finance (Lanka) PLC has actively strengthened its financial foundation and capital adequacy ratios through equity rights issues on the Colombo Stock Exchange to support loan portfolio expansion and meet heightened regulatory capital standards. Operationally, the company has accelerated its digital transformation strategy by deploying enhanced digital onboarding modules, modernizing mobile banking platforms, expanding contactless card payment capabilities, and scaling up strategic renewable energy financing partnerships to meet growing domestic demand for rooftop solar power solutions.