Vallibel Finance PLC Delivers Record-breaking Performance

07-07-2025

Fastest to surpass Rs. 100 BN in assets.
Ranked among the largest finance companies in Sri Lanka.

Vallibel Finance PLC delivered a standout financial performance in FY 2024/25, marked by double-digit growth across key indicators. The company reached a historic milestone in its 18-year journey by achieving Rs. 111.68 billion in assets, setting a new benchmark in Sri Lanka’s financial services sector.

Vallibel Finance is the fastest Non-Banking Financial Institution (NBFI) in Sri Lanka to surpass Rs. 100 billion in assets achieving this feat in just 17 years. This achievement places the company among top group of NBFIs, underscoring its remarkable trajectory of growth and operational excellence.

Further cementing its industry stature, Vallibel Finance is now ranked largest Top 5 finance companies in Sri Lanka within just 18 years of operation, a testament to its unwavering commitment to innovation, customer trust, and strategic execution.

These robust results underscore our strong leadership, strategic vision, and growing customer confidence. The trust placed in us by our customers led to a significant growth of our deposit base from Rs. 58.6 billion to Rs. 67.5 billion marking a growth of 15.1% during the 2024/25 financial year. This solidifies Vallibel Finance’s position as a leading force in Sri Lanka’s financial services sector

Expanding Geographic Reach and Enhancing Service Excellence
The company continues to be empowered by its people and inspired by a vision to change the financial landscape of our country, bringing more people in more areas to become stakeholders of a national reawakening, driven by a relentless passion to seek out people who need help.

With a workforce of over 1,800 dedicated employees and a rapidly expanding network of 80 touch points across the island, Vallibel Finance attributes its success to the unwavering commitment and professionalism of its team. During the financial year 2024/25, the company opened 11 new branches in strategically important locations throughout the country, further strengthening its national presence and enhancing customer accessibility.

The company also invested in information technology advancement and digital infrastructure, reflecting its commitment to extending financial inclusion while equipping employees with the tools and platforms needed to deliver exceptional service experiences.

A Landmark State-of-the-Art Head Office in Colombo
Alongside its financial achievements, Vallibel Finance its state-of-the-art corporate head office in Colombo is a landmark building stands as a testament to the company’s strength, innovation, and long-term vision. More than just a physical structure, it enhances operational efficiency and embodies Vallibel Finance’s ambition to be a beacon of progress in Sri Lanka’s financial landscape.

Adding further distinction to the year, Vallibel Finance was reaffirmed with a BBB+ credit rating (stable outlook) by Lanka Rating Agency (LRA). The company was also recognised at the Global Economics Awards as Sri Lanka's Best Finance Company for the third consecutive year. The company’s unwavering dedication to excellence, customer trust, and industry leadership is reflected in these esteemed accolades.

Setting Industry Benchmarks
By maintaining one of the lowest NPL ratios of 3.56%among its peers and delivering a return on equity of 18.72% for the financial year, Vallibel Finance continues to set new industry standards in performance, governance, and customer-centric growth. The company’s steady trajectory reaffirms its position as a trusted financial partner for individuals and businesses nationwide.

Speaking on the milestone, Mr. Rangamuwa, the Managing Director of the company, said: “Crossing the Rs. 100 billion asset base is not just a number; it is a statement of our purpose. It reflects the trust our customers place in us, the dedication of our people, and our ambition to keep growing stronger. We remain very optimistic about Sri Lanka’s financial sector growth and improvement. We believe there is potential, and we have been rewarded in this belief. But, most importantly, we don’t want to just break records; we want to, and are, creating a legacy that will empower future generations and improve financial inclusion for all Sri Lankans.”

Looking
As Vallibel Finance looks to the future, its focus remains clear: to build on its momentum by continuing to break its own records while setting new benchmarks in the financial services industry. The company is poised for its next phase of growth through an aggressive expansion strategy in to underserved and high-potential areas, coupled with strategic investments in digital innovation to enhance customer experience and operational agility.

Sustainability will remain central to its long-term vision, with a strong focus on responsible finance, ethical governance, and creating lasting social and environmental impact.

With an unwavering commitment to excellence and innovation, Vallibel Finance is well-positioned to lead the future of financial services in Sri Lanka, not just keeping pace with change, but defining it.

The company’s story is built on its key attributes of success: an experienced management team, a culture focused on learning, steadfast customer confidence, a long-standing reputation, and dedicated employees.