People’s Leasing initiates innovative leasing partnership with Toyota Lanka

On this occasion People’s Leasing was represented by Lionel Fernando and Laksanda Gunawardane (DGMs – Operations), Toyota Lanka was represented by Shungo Yoshioka (Managing Director), Manohara Atukorala (Director/COO) and Ashan De Silva (Head of Sales) and senior management

Sri Lanka’s leading non-bank finance company People’s Leasing & Finance PLC (PLC) tied up with Toyota Lanka for promoting Toyota vehicles. On this special occasion on behalf of PLC, Lionel Fernando and Laksanda Gunawardane (DGMs – Operations) and on behalf of Toyota Lanka Shungo Yoshioka (Managing Director), Manohara Atukorala (Director/COO) and Ashan De Silva (Head of Sales) participated for the signing of the MOU. 

Under the leasing partnership, Toyota Lanka will offer customers special price discounts, free registration, a comprehensive three year/100,000km warranty and three free services (inclusive of labour and material)

In return PLC offers Toyota customers a special interest rate and a lease period up to five years according to customers’ repayment capacity, a free full tank of fuel at the time of releasing the vehicle to the customer and Rs. 2 million worth free life insurance cover for the vehicle owner. Promotions will be on till 28 February 2018. 

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 is currently the market leader in the non-bank finance sector in Sri Lanka.

Fitch Rating Lanka has assigned PLC a credit rating of AA-(lka) which makes PLC the highest rated finance company in the country. PLC is the only Sri Lankan finance company to have two international ratings of which one is equal to the Sovereign from Standard & Poor’s (‘B+/B’) and the other is 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 them to obtain customer friendly services.