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Higher Rates

Mar 02, 2012 (LBO) - Capital Alliance Finance Plc, a registered finance company in Sri Lanka said it is offering 14.5 percent for six month fixed deposits targeting short term investors amid a general rise in interest rates. "Many of the fixed deposit schemes available today are medium to long term investor friendly whilst short term investments are not benefited," Pushpike Jayasundera, deputy general manager of Capital Alliance Finance said in a statement.

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"Considering the present market conditions we wanted to offer a benefit to our customers by offering a higher interest rate for a shorter period,"

The 30-year old company earlier known as Peoples Merchant Finance Limited was subsequently acquired by Capital Alliance Holdings Limited.

The is in finance leasing hire purchase, margin trading, business loans and micro financing.

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