People’s Leasing & Finance win two gold awards, silver award and bronze award at CA Sri Lanka Annual

People’s Leasing and Finance Plc, the leading non-bank finance company in Sri Lanka, was presented with two coveted gold awards, a silver award and a bronze award at the 53rd edition of the CA Sri Lanka Annual Report Awards 2017 held at the BMICH recently.

At this gala ceremony organised annually by the Institute of Chartered Accountants of Sri Lanka, the premier accounting body in the country, PLC’s annual report for the 2016/17 financial year themed ‘Collecting Moments’ was lauded.

The cream of around 140 of Sri Lanka’s leading companies took part in this year’s awards.

PLC’s untiring and consistent efforts in Integrated Reporting were honoured with a gold award in the Best Disclosure on Business Model category.

The company’s CSR initiatives were recognised with a gold award in the Corporate Social Responsibility Reporting category.

PLC’s annual report secured the silver award in one of the competition’s most highly competitive categories, the Finance Companies and Leasing Companies (Total Assets above Rs. 20 billion) category.

With the Management Discussion and Analysis of the Annual Report being at the core of the company’s annual report, it clinched the bronze award in the Overall Management Commentary Award category. 

These awards show how PLC has excelled as a finance company, with it clinching the highest number of awards at this year’s CA Sri Lanka Annual Report Awards competition.

PLC CEO/General Manager Sabry Ibrahim, voicing his thoughts on the recognition bestowed upon the company, stated: “The Institute of Chartered Accountants of Sri Lanka, with its CA Sri Lanka Annual Report Awards, inspires companies to benchmark with best practices in effectively communicating with stakeholders.” 

“PLC is committed to create value for its stakeholders. These prestigious awards won by PLC at the CA Sri Lanka Annual Report Awards 2017 are an endorsement of PLC’s reporting and communication capabilities and good governance. This recognition thus is testament to our dedication towards accountability and transparency,” he added.

People’s Leasing Company was incorporated in 1995 as a wholly-owned subsidiary of one of the largest state banks in Sri Lanka, People’s Bank. The company has maintained its market leader status for 15 consecutive years in the non-bank finance sector in Sri Lanka.

Fitch Rating Lanka has assigned Plc a credit rating of AA-(lka), B (international) while Standard and Poor’s has rated PLC at B+/B (international). PLC is the only Sri Lankan finance company to have two international ratings. PLC has also been among the S&P Sri Lanka 20 Index on the Colombo Stock Exchange since 2014 which makes PLC the highest-rated finance company. 

PLC was also recognised as one of the Best Ten Corporate Citizens in the country for the fifth year at the Best Corporate Citizen Sustainability Awards for 2017 presented by the Ceylon Chamber of Commerce. PLC was listed in 15th position on the Business Today Top 30 List. 

For 21 years, PLC has played an active role in harnessing the contribution of small and medium-scale businesses towards powering the country’s economic drive. PLC’s special financial services include leasing, fixed deposits, savings, personal and business loans, Margin Trading, Factoring and Islamic financial services. 

Its five subsidiaries are People’s Insurance Plc, People’s Microfinance Ltd, People’s Leasing Property Development Ltd, People’s Leasing Fleet Management Ltd. and People’s Leasing Havelock Properties Ltd.

The uniqueness of People’s Leasing and Finance Plc is its strength and ability to provide diverse financial services under one roof to its customers, enabling them to obtain convenient, friendly and flexible services. 

As a company embracing modern technology, PLC also provides state-of-the-art tech solutions such as online financial transactions enabled via ‘PLC Online’ encouraging a new generation of customers to engage with them in a seamless manner.