Sri Lanka’s leading non-bank finance sector company, People’s Leasing & Finance PLC and A N Algewatta Auctioneer have joined hands in introducing an online vehicle auction system significantly for the first time in Sri Lanka. This collaborative auction will link all the nine provinces to the staple auction in Colombo via internet.
Hence the buyers can make their bids virtually by joining the e – auction, live and there’s no necessity of coming all the way to Colombo for the same. All participants are empowered to engage in reliable, safe and secure bidding. Users’ further benefit from valuation and integrity-checks carried out by independent third-party organisations, ensuring that listed items are in good condition.
Being one of the largest and renowned companies in Sri Lanka ,People’s Leasing and Finance PLC cordially invites prestigious buyers to join the auctions in a secured ,safe and reliable enviroment at a phase of a global pandamic.
Commenting on this new dimension, Mr. Shamindra Marcellin, CEO / General Manager, People’s Leasing said that the company aimed to provide a more convenient and attractive service to its customers with further innovations in the future.
He added that they were much optimistic towards the collaboration with A N.Algewatta Auctioneer in holding their inaugural vehicle auction.
Elaborating further on this new movement, Mr. Saman Liyanage, Chief Manager of People’s Leasing said that, as the first step, an auction would be held on 13 March 2021 at “Mihilaka Medura” at Bandaranaike Memorial International Conference Hall (BMICH) premises in Colombo via online auction system. Furthermore he stated that, out of over 100 People’s Leasing branches island wide, the customers have been provided with the opportunity to join the auction online at the following selected branches: Gampaha, Matara, Polonnaruwa, Dambulla, Moneragala, Kandy, Kurunegala, Chilaw and Bandarawela branches.
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 one of the highest rated non-bank financial institution in the country, with a “A+(Ika)” rating from Fitch Ratings Lanka Ltd and the number one ranked non-banking 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. People’s Leasing Ranked No. 03 in Transparency in Corporate Reporting (TRAC) by the Transparency International Sri Lanka (TISL).
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, in Bangladesh.
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.