Company Information

Get to know The Finance Company PLC

Founded in 1940, The Finance Company PLC was a pioneering finance company in Sri Lanka. For decades, it was a major player in the country's financial services sector, offering services such as fixed deposits, savings accounts, leasing, and hire purchase facilities. The company faced severe financial distress and liquidity issues, exacerbated by the collapse of its parent company's other ventures. Despite several restructuring attempts, it failed to recover, leading the Central Bank of Sri Lanka to cancel its business license in May 2020 and initiate liquidation proceedings to settle its obligations to depositors.

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Financial BankingPRIMARY
Financial Other Service

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The Finance Company PLC

Sri Lanka

Founded in

1940 (86 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.