People’s Leasing & Finance PLC is the largest and leading nonbank finance sector institution in Sri Lanka affiliated to the People’s Bank.
PLC marked a milestone as a top corporate by receiving recognition for the third occasion by the ‘Business Today Top – 30’ (2017/18) annual listings.
PLC secured the 13th place in the listings this time around.
The announcement of listings of companies by the ‘Business Today Top – 30’ (2017/18) took place at the Shangri-La, Colombo with the participation of the President, Maithripala Sirisena.
‘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 behahalf 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’ (2017/18), 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’ (2017/18).
“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. Hence our 2500 strong work-force and our customers can be rest assured of PLC’s stability to fulfill their financial needs”, he said.
People’s Leasing was commissioned in 1995 as a wholly owned subsidiary of the second largest state bank in Sri Lanka, the People’s Bank.
Fitch Rating Lanka has assigned PLC a credit rating of AA- (lka) which makes PLC the highest rated Finance company in the country. PLC is the only Sri Lankan Finance company to have two international ratings of which one is equal to the Sovereign from Standard & Poor’s (‘B+/B’) and the other is one notch below the Sovereign from Fitch Rating International (‘B’).
PLC’s financial service product portfolio includes; leasing, fixed deposits, saving accounts, personal and business loans, margin trading, factoring and Islamic financial services.
People’s Leasing conglomerate consists of six subsidiaries namely, People’s Insurance PLC, People’s Microfinance 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 Limited.
The uniqueness of People’s Leasing is its strength and the stability to provide diverse financial solutions under one roof to its customers, thus enabling the customers to obtain convenient and customer friendly services.