AMW Capital Leasing surpasses Rs. 1 bln in FDs
View(s):AMWCL, having commenced fixed deposit mobilisation in the latter part of 2013, said this week it has achieved Rs. 1 billion in public deposits within a short period of time.
“This reflects the public trust and confidence in the company and the people behind it. AMWCL is the only finance company owned by Associated Motorways (Pvt) Ltd (AMW), a fully-owned subsidiary of the Al-Futtaim Group, UAE,” an AMW statement said.
AMWCL commenced operations as a specialised leasing company in 2006 to enhance and add value to automobile operations of the group.Subsequently the company obtained a license in 2009 from the Central Bank to conduct finance business which included deposit mobilisation.
Expressing delight over the occasion of surpassing the Rs. 1 billion mark, company Director/CEO, Brandon Morris said, “We are very pleased to have achieved this milestone with the trust and confidence of our customers within this short period of time.”He said strategies are in place to double this amount by the end of 2015.