People’s Leasing Company reaches bicentennial branch opening phase

Deputy General Manager (Operations) Damith Malawithanthila inaugurating the newly opened Aluthgama PLC branch

The leading non-bank finance company in Sri Lanka, People’s Leasing & Finance PLC upgraded and relocated two of its branches at Mathugama and Aluthgama.

The new branches were inaugurated by Sabri Ibrahim, the successive CEO, PLC along with Damith Malawithanthila, Deputy General Manager (Operations) and Priyanka Wimalasena, Senior Manager, PLC. Also a host of PLC customers graced the occasion. 

Damith Malawithanthila addressing the gathering said People’s Leasing Company operating with the motto; ‘People’s Friendly Leasing’ has attracted a gamut of prospective customers and converted them as loyal customers over the years.

“PLC is in the process of enhancing its branch network and relocating identified branches to bring more convenience to customers. We changed locations of Mathugama and Aluthgama PLC branches to provide customer friendly, hassle free and convenient leasing services,” said the DGM.

PLC successive CEO Sabri Ibrahim doing the first transaction

He added, “Ours is a one-stop-shop. Hence I humbly invite people in the vicinities of Mathugama and Aluthgama to step into these relocated PLC branches and obtain all financial services pertaining to leasing and finance in a minimum possible time without hassle. I wish their businesses to thrive and personal lives to brighten up by associating with the PLC.”

“We have been providing an unmatched financial service to all Sri Lankans for 14 consecutive years. Our intent is to enhance our service network to cover the whole island for the benefit of all citizens. A spacious and state-of-the-art branch in their nearest town that offers hassle-free services and convenience is our promise to PLC customers. PLC branches are being commissioned in almost every main city in the island with that object,” he said.

People’s Leasing Company was commissioned in 1995 as a wholly owned subsidiary of the biggest state bank in Sri Lanka, the People’s Bank. PLC has retained the market leader in the non-bank finance sector in Sri Lanka.

In recognition of the quality credit and innovations of the company, Fitch Rating Lanka has assigned PLC a credit rating of AA-(lka) which makes PLC the highest rated finance company, according to Brand Ratings PLC retaining AA by Brand Finance Lanka. PLC is the only Sri Lankan finance company to have two international ratings one equal to the Sovereign from Standard & Poor’s (‘B+/B’) and the other, one notch below the Sovereign from Fitch Rating International (‘B’). 

PLC’s financial service product portfolio includes; leasing, fixed deposits, saving accounts, personal and business loans, margin trading, factoring and Islamic financial services. 

People’s Leasing conglomerate consists of five subsidiaries namely, People’s Insurance PLC, People’s Microfinance Ltd., People’s Leasing Property Development Ltd., People’s Leasing Fleet Management Ltd. and People’s Leasing Havelock Properties Ltd.

The uniqueness of PLC is its strength and the stability to provide diverse financial solutions under one roof to its customers, thus enabling the customers to obtain customers friendly services.