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Vallibel Finance PLC Achieves Historic Milestone with Rs. 111.68 Billion in Assets

Strategic Insights

— 2 min read

Vallibel Finance PLC has recorded a remarkable financial performance in FY 2024/25, boasting double-digit growth across key indicators. The company has reached a historic milestone by achieving Rs. 111.68 billion in assets, setting a new benchmark in Sri Lanka's financial services sector. This achievement has propelled Vallibel Finance to the top tier of Non-Banking Financial Institutions (NBFIs) in the country, underscoring its remarkable growth trajectory and operational excellence. The company's deposit base has also grown significantly, with a 15.1% increase from Rs. 58.6 billion to Rs. 67.5 billion during the financial year. This solidifies Vallibel Finance's position as a leading force in Sri Lanka's financial services sector.

Key Takeaways:

  • Vallibel Finance PLC has achieved a historic milestone by reaching Rs. 111.68 billion in assets, setting a new benchmark in Sri Lanka's financial services sector.
  • The company has achieved double-digit growth across key indicators in FY 2024/25, solidifying its position as a leading force in the industry.
  • Vallibel Finance has become the fastest NBFI in Sri Lanka to surpass Rs. 100 billion in assets, achieving this feat in just 17 years.
  • The company has a strong deposit base, growing by 15.1% from Rs. 58.6 billion to Rs. 67.5 billion during the financial year.
  • Vallibel Finance has a workforce of over 1,800 dedicated employees and a rapidly expanding network of 80 touch points across the island.
  • The company has invested in information technology advancement and digital infrastructure to enhance financial inclusion and customer experience.
  • Vallibel Finance was reaffirmed with a BBB+ credit rating (stable outlook) by Lanka Rating Agency (LRA) and ranked as Sri Lanka's Best Finance Company for the third consecutive year.
  • The company has maintained one of the lowest NPL ratios of 3.56% among its peers and delivered a return on equity of 18.72% for the financial year.
  • Managing Director Rangamuwa emphasizes the company's commitment to creating a legacy that will empower future generations and improve financial inclusion for all Sri Lankans.

Statistics:

  • Rs. 111.68 billion: The total assets achieved by Vallibel Finance PLC in FY 2024/25.
  • 15.1%: The growth rate of Vallibel Finance's deposit base from Rs. 58.6 billion to Rs. 67.5 billion during the financial year.
  • Rs. 58.6 billion: The deposit base of Vallibel Finance PLC at the beginning of the financial year.
  • Rs. 67.5 billion: The deposit base of Vallibel Finance PLC at the end of the financial year.
  • 17 years: The time taken by Vallibel Finance to achieve Rs. 100 billion in assets.
  • 18.72%: The return on equity delivered by Vallibel Finance for the financial year.
  • 3.56%: The NPL ratio maintained by Vallibel Finance among its peers.

Sources:

  • Vallibel Finance PLC statement
  • Lanka Rating Agency (LRA)
  • Global Economics Awards
  • Vallibel Finance PLC's FY 2024/25 annual report

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