Melsta Regal Finance

16th October 2013
Melsta Regal Finance Ltd. (MRFL) has embarked on a rapid expansion drive by penetrating into the regions and recently opened its first branch in Kurunegala. The company in its first year of operations it now being reckoned to be a key player in the local financial sector. It was recently rated with an A+ rating by Fitch Ratings Lanka Ltd. MRFL also launched its savings products, during the first six months of operations, making MRFL one of six companies within the finance company sector to possess a savings product line Speaking on the progress of the company thus far, Melsta Regal Finance Chairman Amitha Gooneratne stated: “Our key strength lies in the fact that we are backed by a group with diversified business interests. The strengths of the company mainly derive from the group strengths possessed by the company, along with its financial stability.” Drawing from the group synergies MRFL introduced an integrated working capital solution encompassing LC opening facilities, warehousing, logistics and debt factoring. The company in its inception possesses the widest product portfolio encompassing leasing, hire purchase, hiring, factoring, corporate loans, personal loans and an integrated working capital solution with Letter of Credit facilities, pledge facilities, import loans, etc. Through these innovative credit facilities, the company hopes to ignite the progress of the SME sector, through innovative financial solutions. MRFL also offers a range of products which appeal to the corporate sector and herein flexible terms, speed and customised solutions are the cornerstones. The company’s products are unique and targeted at expanding business segments within the country. Hence, the company’s products are branded as ‘Regal – financial solutions symbolising flexibility, innovation and service’. Currently, MRFL facilitates the leasing of equipment and vehicle leasing. MRFL leases specialised equipment for the medical, printing, restaurant and hotel, construction, wood working sectors,...