Kontiki Finance Ltd (KFL) has officially launched its new office in Apia, Samoa, marking a significant milestone in its strategy to enhance financial services across the Pacific. This expansion aims to provide accessible and customer-centric financing solutions, particularly focusing on supporting small and medium enterprises in the region.
Chirk Yam, the chairman of KFL, expressed the company’s commitment to fostering financial inclusion and sustainable growth. He emphasized that the new office would not only help support local aspirations but also deliver long-term value to shareholders. Yam remarked, “Our entry into Samoa reflects our commitment to strengthening financial services across the Pacific,” indicating the firm’s mission to uplift the financial landscape in the region.
This move aligns with KFL’s recent successful capital-raising efforts, where it secured $890,276 through additional share placements aimed at fueling its ambitious expansion plans within the Samoan market. KFL is now set to further solidify its status as a market leader by becoming the first licensed credit institution to operate in Samoa.
In conjunction with the establishment of the new office, Kontiki has made substantial investments in a new $8 million core banking system to enhance operational efficiency and improve customer service. This commitment to technological advancement and infrastructure development signals a hopeful outlook for both Kontiki and the wider financial industry in the South Pacific.
Moreover, the positive trajectory of KFL’s financial performance, including an after-tax profit of $8.5 million for the fiscal year ending June 30, 2024, reflects its strategic focus on sustainable growth and operational excellence. As the company approaches its 10th anniversary, it continues to embrace innovation while adapting to market dynamics, fostering optimism for continued success and expansion.
The steps taken by KFL not only illustrate its commitment to enhancing the financial landscape but also inspire confidence in the potential for economic growth within the region, promising a brighter future for local investments and community development.
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