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Finance companies are permitted to lend up to 80% of the value in used motor vehicle purchases

The Central Bank (CB) decided to increase the loan to value ratio (LTV) of licensed finance companies up to 80 percent on auto loans in purchasing used passenger vehicles in…

Arpico Finance and Associated Motor Finance advances with the proposed merger

Arpico Finance Company PLC (AFC) and Associated Motor Finance Company PLC (AMF) announced the merger of two entities subject to the approval of shareholders and the Colombo Stock Exchange (CSE).…