People’s Leasing opens 100th branch in Hanwella

The leading non-bank finance company in Sri Lanka, People’s Leasing & Finance PLC opened its centennial branch in Hanwella town (132/3, Colombo Road, Hanwella) recently. The new branch was declared open by PLC Chairman Hemasiri Fernando on the invitation of CEO/General Manager D.P. Kumarage. 

PLC’s maiden branch was commissioned in 1996 within the premises of People’s Bank, Kandy. The occasion of the centenary branch opening in Hanwella was also attended by CEO Designate Sabri Ibrahim, senior management of PLC, special guests and customers.

Fernando said that PLC maintained the position of market leadership for 14 consecutive years through its customer-friendly service. “PLC is perceived by its customers as a trend setting company that contributes towards uplifting standards of the society. PLC provides an unmatched finance service to all Sri Lankans. Our aim is to enhance our service quality level to cover all nooks and corners of the island for the benefit of citizens. A PLC branch was commissioned in almost every main city in the island within a span of 20 years with that objective.”

The Chairman added: “Today we have commenced a new phase of our branch network enhancement program by commissioning the 100th branch at Hanwella. Sri Lankans can now obtain more focused value added, convenient and hassle-free leasing and financial services at one-stop.”

People’s Leasing was incorporated in 1995 as a wholly owned subsidiary of the biggest State bank in Sri Lanka, People’s Bank. 

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 credit 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 include; 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.