OUR HISTORY

The Finance Houses Association of Sri Lanka’ (FHA) is the successor to the pioneering ‘The Ceylon Hire purchase & Finance Association’ formed in 1958. The association was formed to discuss the emerging problems in an unregulated environment that the deposit taking and lending companies operated that created a breeding ground for some of the Sri Lankan finance companies the adopt fraudulent and unethical practices; with total impunity. The founding fathers, {Messrs. F Harper & G.H. Montgomery (United Motor), A.C.Walker (Transport & General), Cyril .E. Perera (The Finance), Hayward Fernando (Alliance Finance), & Eardley de Silva (Arpico Finance)} met at the Ceylon Chamber of Commerce to discuss the emerging problems in the finance industry. They formalized the group into an association under the name of ‘The Ceylon Hire purchase & Finance Association’ on 27th May 1958. Many Finance Companies opted not to join. The Association was successively renamed ‘The Hire Purchase and Finance Association of Sri Lanka’(1977)  and ‘The Finance Houses Association of Sri Lanka ( FHA) in 1986. The FHA was incorporated, under the Companies Act No. 17 of 1982, in July, 2001. Thereafter it was reregistered under the Companies act of ……… of 2007. In the course of its history of 58 years, the FHASL has grown in form and stature to discharge a broad range of activities expanding its original objectives. Today it serves as the link between the authorities, the banking system ...

Read More..

Latest Event

Seminar on ‘Legal Conformity in Proper Documentation for Speedy Recovery of Loans in NBFIs’
7 Jun

Seminar on ‘Legal Conformity in Proper Documentation for Speedy Recovery of Loans in NBFIs’

Resource Person :- Mrs. Sriranthi Gunawardena, Legal Consultant, FHA Venue :- Kandy Date :- 07 Jun...
Seminar on ‘Credit Evaluation’
21 Feb

Seminar on ‘Credit Evaluation’

Resource Person :- Mr. Indika Ariyawansa, Asst. General Manger, Credit Evaluation, LOLC Venue :- Ex...
Top