People’s Leasing joins TMC as a Leasing Partner

Monday, 18 October 2021 01:34 - - {{hitsCtrl.values.hits}}

Negotiations between TMC and People’s Leasing PLC have been concluded and a formal MOU will be signed no sooner the country opens up completely.

TMC's President Emeritus Fayaz Saleem expressing his views in this regard said: “People’s Leasing PLC has been associated with TMC for some time and that we are proud and pleased to have them formally join us as a Partner Sponsor.”

As the flagship subsidiary of People’s Bank and as a leader in the NBFI sector, People’s Leasing and Finance PLC has become a pioneer in the leasing industry since its inception 25 years ago, in providing value added financial services to Sri Lankans with an extensive branch network.

People’s Leasing is currently the highest rated Non-Bank Financial Institution in the country and also rated as the number one non-bank financial services brand by Brand Finance Lanka. The company was also recognised as one of the Ten Best Corporate Citizens in the country by the Ceylon Chamber of Commerce. People’s Leasing is also ranked No. 3 for the company’s Transparency in Integrated Corporate Reporting (TRAC) by the Transparency International Sri Lanka (TISL).

The partnership will constitute benefits to both People’s Leasing PLC, The Management Club and its members. Among them are preferential interest rates to The Management Club and its members and subscription free membership to a few managers of People’s Leasing PLC, etc. and publicity and promotion of leasing and other products of the Company.

TMC membership may approach the company to obtain preferential rates by producing their valid membership card.

A formal MOU will be signed soon while the partnership is effective from 15 October.