Edirisinghe Trust Investments Ltd. (ETI) is the flagship company of the EAP Group of Companies. The EAP name has for decades been synonymous in Sri Lanka with gold and jewellery. The companies' expertise in recent times has also extended to media and entertainment, financing, technology, import and export, alternative power, real estate and property development.
ETI began business in the pawning industry over 40 years ago and in 2004 the Company diversified its portfolio into areas of Leasing and Hire Purchase, Real Estate and Housing, Vehicles & Trade Finance and more recently a venture into Agro Products.
ETI today is one of the fastest growing finance companies in the Island with an income in excess of Rs.1 billion. The Company is also among the top 5 of the 34 registered finance companies. ETI has managed a remarkable fiscal year ending 31st March 2008, boasting a 45% increase in gross income and increasing total assets up to Rs. 7.1 Billion from Rs. 5.4 Billion an impressive increase of 31.5 %.
Even more impressive is the fact that Fitch ratings has upgraded the Company's national long term rating from a B+(lka) to a BB-(lka) and this in fact indicative of ETI's diligence, efficiency and stability. The rating upgrade takes into account the Company's strong market position and performance in its core business area of pawn broking, where depositors' funds have been invested with over 100% security. ETI attributes this success to good management practices in compulsive strategy planning.
The Company's proper management structure, supported by low risk strategies and a meticulous attention to detail, ensure that ETI invests over 70% of its funds in gold or gold related activity, while approximately 30% is invested in carefully selected real estate and leasing.
In fact ETI prides itself on providing customers with a safe, secure and hassle free way of investing money, that is why many of ETI's investments are based on environmentally friendly, sustainable projects which generate wealth for the investor and have a positive impact on the country as a whole.
As the Company continues to evolve, diversify and grow it also helps restore some of the lost confidence in Sri Lanka's financial sector. By satisfying and even exceeding investor expectations, ETI is definitely well on its way towards achieving their vision of being the best rated diversified finance company. |
E-mail