Abans Elite

Abans Elite

General
Jobs 0
Shortlists/Awards 5
Pricing strategy 0
Partners/Competitors 6
Last update: Apr 3, 2025 Last update: Apr 3, 2025
General
Jobs
Shortlists/Awards
Pricing strategy
Partners/Competitors

Details

Legal residence:Sri Lanka
Organization type:Supplier / manufacturer
Funding agencies:WB, Other, UNICEF
World Bank HQ, Other, United Nations Children's Fund (HQ)
Sectors:Electrical Engineering, Industry, Commerce & Servi ...
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Electrical Engineering, Industry, Commerce & Services
Sanctions:Check now
Status:
Active

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About

Founded as a modest corner shop in 1968, Abans Group of Companies has evolved to become a renowned conglomerate that focuses on retail, real estate development, finance, environmental management, logistics, and other business sectors. As an inspiring account of innovation, creativity, risk-taking, and perseverance, Abans Group has enjoyed more than 50 years as Sri Lanka’s most trusted household name. At Abans, we work across geographical borders and hierarchical boundaries; so, an entrepreneurial spirit, a global perspective, and out-of-the-box thinking are signature aspects of our culture. The pursuit for excellence is what we strive for at Abans. Our more than 13,000 employees work in multiple operations across the country to provide our consumers multi-faceted, innovative, and dynamic solutions for their everyday needs.

Since the Group’s inception 50 years ago, every business decision of Abans Group boils down to a simple goal – The Passion to Enhance the lives of our Sri Lankan community. From ground-breaking retail offerings and financial services to environmental management and the development of Colombo’s skyline, Abans consistently seeks ways to enhance Sri Lankan living standards, and meet the globalised, unique preferences of their consumers. Perseverance, embracing risks worth taking, and innovating along the way make up the value platforms of the Group.

Over the 14 years in operation, the Company has grown to be a large subsidiary of the prestigious Abans Group and contributed favorably towards the overall strategic goals of the Group.

The Company commenced business initially as a registered Finance Leasing establishment under the Finance Leasing Act No.56 of 2000 on 19th April 2006 and thereafter obtained finance company license in terms of the Finance Companies Act No.78 of 1988 with an initial stated capital of Rs. 382 million on 27th August 2007. The Company was listed on the Colombo Stock Exchange in year 2011.

The Company currently operates with ten Branches, nine Customer Centres and four Kiosks. The company markets a comprehensive range of financial services encompassing acceptance of Fixed Deposits, maintenance of Saving Deposits and provision of Finance Leases, Mortgage Loans, Business Loans, Personal Loans and other Credit facilities.

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