People’s Leasing & Finance PLC is the largest and leading nonbank finance sector institution in Sri Lanka affiliated to the 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 the 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.
Mr. Sabry Ibrahim, CEO/GM, People’s Leasing, 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 capitalization, share price and other value additions.
Speaking on PLC’s achievement at the ‘Business Today Top 30’ (2018/19), Mr. Sabry Ibrahim, CEO/GM, People’s Leasing said it is an honor 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 2500 agile work-force rest is assured for customers to fulfill 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 recognized 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 nations growth.