Vallibel Finance plc Appoints R M Karunaratne as the Chairman of the Board

Vallibel Finance PLC is a Sri Lanka-based finance company. The Company’s principal activities are accepting deposits, granting of finance leases, hire purchase facilities, mortgage loans, vehicle loans, personal loans, gold loans, micro finance and other credit facilities. Its products and services include fixed deposits, Auto Draft, property loans, bonus lease, micro leasing, Wheel Draft and Western Union. The Company's business segments include finance lease and hire purchase, loans and advances, investments, and others. It provides a range of customized leasing facilities. It provides leasing services to corporates, small and medium size enterprises, self-employed, professionals and executives, among others. Its Auto Draft product allows customers to avail an overdraft facility against a motor vehicle as a security. Its micro leasing facilities are offered for three-wheelers and motorcycles. It provides a range of value-added services with Western Union Money Transfer services.