Friday Dec 13, 2024
Friday Dec 13, 2024
Wednesday, 14 November 2018 00:00 - - {{hitsCtrl.values.hits}}
People’s Leasing & Finance PLC, one of the leading non-bank finance companies in Sri Lanka, bagged four coveted awards for its 2017/18 annual report, ‘Tomorrow Shaping Today’ at the 32nd ARC Awards International 2018.
The ARC Awards International being one of the world’s premier annual report competitions is considered the best evaluator of academic awards for Annual Reports. The competition was organized by Mercomm, Inc. USA was held at Fontenay, Hamburg, Germany.
The four category awards secured by PLC’s 2017/18 Annual Report at the ARC Awards International 2018 (Financial Services – General sector) are; Silver Award – Financial Data: Financial Services; General, Bronze Award – Chairman’s /President’s letter: Financial Services; General, Honors – Written Text: Financial Services; General and Honors – Interior Design: Financial Services; General.
PLC clinched four main awards at the CMA Excellence in Integrated Reporting Awards 2018 held in Sri Lanka prior to this.
PLC CEO/GM Sabri Ibrahim speaking on the recognition derived by the company’s 2017/18 annual report at the ARC Awards International 2018 said the latter was considered one of the best evaluators of academic awards for annual reports and it was a great achievement for PLC to secure four awards for its annual report at this competition.
“The integrated business model and socially responsible corporate nature of a company is depicted through its annual report. PLC’s 2017/18 annual report, ‘Tomorrow Shaping Today’ being recognised at the CMA Excellence in Integrated Reporting Awards 2018 and at the international level at the ARC Awards International 2018 endows great value and credibility to our company,” he said.
People’s Leasing was commissioned in 1995 as a wholly owned subsidiary of the second largest state bank in Sri Lanka, the People’s Bank.
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 six subsidiaries namely, People’s Insurance PLC, People’s Microfinance Ltd., People’s Leasing Property Development Ltd., People’s Leasing Fleet Management Ltd., People’s Leasing Havelock Properties Ltd. and its latest foreign venture Lankan Alliance Finance Limited.
The uniqueness of People’s Leasing is its strength and the stability to provide diverse financial solutions under one roof to its customers, thus enabling the customers to obtain convenient and customer friendly services.
