People’s Leasing among Top 30 in ‘Business Today’ annual listings

Friday, 13 March 2020 00:02 - - {{hitsCtrl.values.hits}}

People’s Leasing CEO/General Manager Sabry Ibrahim receiving the Business Today Top 30 award from Prime Minister Mahinda Rajapaksa

People’s Leasing & Finance PLC is the largest and leading nonbank finance sector institution in Sri Lanka affiliated to People’s Bank.

People’s Leasing secured the 13th place in the ‘Business Today Top 30’ (2018/19) annual listings.

The announcement of listings of companies by the ‘Business Today Top 30’ (2018/19) took place at the Hilton, Colombo with the participation of Prime Minister Mahinda Rajapaksa.

Business Today Top 30 is strictly based on published information of companies listed in the Colombo Stock Exchange. Business Today Top 30 acknowledges the business entities that have stood firm and performed with changing tides in a particular year.

People’s Leasing CEO/GM Sabry Ibrahim received the award on behalf of the PLC management and the corporate management were also present at the event.

Ascending trend made by PLC in the Listings sheds light on the overall growth of the company. The criterion for the Listings of companies are based on; stock value, income, profit after tax, earnings per capital, earnings per share, market capitalisation, share price and other value additions. Speaking on PLC’s achievement at the Business Today Top 30 (2018/19), Sabry Ibrahim, said it is an honour for the company to have secured the 13th place at the Business Today Top 30 (2018/19).

“PLC has shown its overall growth by advancing from the previous year’s position it secured at the Business Today Top 30. This is a positive financial indication by PLC with over 2,500 agile workforce rest is assured for customers to fulfil their financial needs,” he said.

People’s Leasing started its business operations in 1996 as a wholly owned subsidiary of one of the largest State banks in Sri Lanka, People’s Bank. People’s Leasing is currently the highest rated non-bank financial institution in the country, with a 'AA-(Ika)] rating from Fitch Ratings Lanka Ltd. and 'B'- rating by Fitch Ratings International (just one notch below 'Sovereign'), and the number one ranking non-bank financial services brand by Brand Finance PLC. The Company was also recognised as one of the Ten Best Corporate citizens in the country by the Ceylon Chamber of Commerce. PLC’s financial service product portfolio includes leasing, auto loans, fixed deposits, savings accounts, housing and business loans, gold loans, margin trading, factoring, and Islamic financial services.

People’s Leasing conglomerate consists of six subsidiaries – People’s Insurance PLC, People’s Micro-Commerce 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 Ltd. The unique features of People’s Leasing are its strength and stability to provide diverse financial solutions under one roof, creating a seamless, convenient and friendly customer service experience being a catalyst for the nation’s growth.