People’s Leasing Company reaches bicentennial branch opening phase

The leading non-bank finance company in Sri Lanka, People’s Leasing and Finance PLC subsequent to opening its 101st and 102nd branches at Walasmulla and Kinniya, commissioned its 103rd branch ceremonially at Warakapola (177, Kandy Road, Warakapola). 

The new branch was declared open by D. P. Kumarage, CEO/General Manager, PLC, Sabri Ibrahim, CEO Designate in the presence of the senior management of PLC, special guests and customers.

PLC commissioned its 100th (centenary) branch at Hanwella in December 2016 followed by opening of PLC branches and service centers at Walasmulla, Kinniya,   Galenbindunuwewa and Hingurakgoda. 

PLC’s maiden branch was commissioned in 1996 in Kandy.

Speaking at the occasion of the 103rd branch opening at Warakapola that shed light on PLC’s bicentennial branch opening phase in history, Lionel Fernando, Deputy General Manager (Operations), PLC said PLC has identified its customers’ requirements well and catered to them with a hassle-free service over the decades.

“We have been providing an unmatched financial service to all Sri Lankans for 14 consecutive years.Our intent is to enhance our service network to cover the whole island for the benefit of all citizens. A spacious and state-of-the-art branch in their nearest town that offers hassle-free services and convenience is our promise to PLC customers. PLC branches are being commissioned in almost every main city in the island with that object,” he said.

People’s Leasing Company was commissioned in 1995 as a wholly owned subsidiary of the biggest state bank in Sri Lanka, the People’s Bank. PLC has retained the market leader in the non-bank finance sector in Sri Lanka.

In recognition of the quality credit and innovations of the company, Fitch Rating Lanka has assigned PLC a credit rating of AA-(lka) which makes PLC the highest rated finance company.  PLC is the only Sri Lankan finance company to have two international ratings. PLC also became the financial services provider of the year for the fourth consecutive year at the SLIM-Neilsen People’s Awards. 

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 five subsidiaries namely, 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 PLC is its strength and the stability to provide diverse financial solutions under one roof to its customers, thus enabling the customers to obtain customers friendly services.