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Administration Of Credit Principal Activity Management Information Systems Financial Results Treasury Operations Income Corporate Planning Operating Expenditure Improving The Productivity Of     The Company's Resources Liquidity Marketing

The year under review was a year of consolidation for the company. In spite of stiff competition and  a modest growth in the  leasing industry, the company was able to sustain a steady growth in its core business activities. The focus was to maintain a  lease portfolio with a high credit quality combined with timely collection and greater value addition to the customers. Although the country’s GDP growth  for the year 2000 was 6% during the year”00, the light  monetary policy pursued  by the Central  Bank of Sri Lanka during the latter half of the year resulted in a steep rise in the domestic interest rates from August ’00. These turbulent market conditions affected the entire financial sector as well as the  industry sector resulting  in diminishing  profitability. Ceylinco  Leasing Corporation Ltd., was  no exception  and was subjected  to a very high borrowing cost during the  financial year. This resulted  in a substantial fall in its profitability. The company took immediate  corrective measures through aggressive marketing for an increased level of  activity & also introduced fee based activities to manage third party  lease portfolios. These measures paved the way for  the eventual sustenance of  profitability by  the end of the year in  comparison to the previous year.

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