People’s Leasnance PLC (People’s Leasing), the financial solutions provider in the Non-Bank Financial Institutions (NBFI) sector, clinched two main awards at the ‘CMA Excellence in Integrated Reporting Awards – 2021’, the award ceremony dedicated to recognize Integrated Annual Repoing & Firts.
The seventh edition of this Annual Event organized by the Premier Management Accounting Body in the country, The Institute of Certified Management Accountants of Sri Lanka, was held at the Grand Marquee – Taj Samudra hotel, Colombo with the presence of the Honorable Governor of the Central Bank of Sri Lanka, Mr. Ajith Nivard Cabraal.
“”was this year’s theme of the Annual Report of the People’s Leasing. The Annual Report 2020/21 is the 8th Integrated Report of People’s Leasing which pays gratitude to all the Company’s stakeholders who have been a part of the organization for the past 25 years, whose unstinting support have been the stepping stone in the rise to the top.
The Annual Report 2020/21 of the Company was among the “Ten Best Integrated Reports” in the country and bagged overall Special Award for “Best Disclosure on Strategic Focus”.
Continuous recognition received at local and international levels for the Annual Report reflects the Company’s efforts in maintaining transparency, accountability and social responsibility in Financial Reporting. This year’s awards further evidenced the Company’s commitment to emulate the standards achieved in these areas.
Mr. Shamindra Marcelline, Chief Executive Officer /GM of People’s Leasing, speaking on this feat said, “the Annual Report of People’s Leasing was recognized many a time both locally and internationally. The Report clearly demonstrates our financial stability, commitment towards social responsibility as well as good governance”. He added, “This recognition from CMA Excellence in Integrated Reporting Awards – 2021’ reflects the integrated thinking behavior in every decision we make. The special award for “Best Disclosure on Strategic Focus” mirrors the Company’s vision towards a lucrative future that generates continuous value for all stakeholders.
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. Today it is listed on the Colombo Stock Exchange and is a leading NBFI in the industry. People’s Leasing is one of the highest rated NBFIs in the country, with a “A+(Ika)” rating from Fitch Ratings Lanka Ltd. Furthermore, the Company secured the 27th place in Business Today Top 40 (2020-2021) best performing listed companies. Additionally, it is also the most valuable consumer brand in Financial Services sector and most loved brand in Leasing sector as classified by Brand Finance Lanka (2021).
People’s Leasing & Finance 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 Group 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 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.