PLC deposit base hits Rs 41billion
People's Leasing and Finance PLC (PLC), a subsidiary of the People'
Bank, is one of the leading leasing companies in Sri Lanka.
Sunday Observer Business spoke to People's Leasing and Finance (PLC)
Chief Executive Officer and General Manager D.P. Kumarage for his views
on the company.
Excerpts of the interview.
The leasing industry is going through a dull period. Many of the
infrastructure projects are now being completed and unless new projects
are launched, there will be a lull in the market.
As a leasing company, we are one of the market leaders with 20
percent market share. We strive hard to improve our market share.
The company which was selected as one of the 'Great Places to Work'
was 18th among top-25 listed companies.
It has become one of Asia's promising brands. It has a deposit base
of 41 billion.The profit for the year stood at 3.1 billion and the total
asset base of the company was Rs. 114 billion. It has invested Rs. 66
million on CSR initiatives and Rs. 511 million on green financing.The
PLC has won many awards. It was awarded the platinum in the competition
class of annual reports in the finance industry, the platinum - most
inspirational worldwide special achievements accolade in the overall
competition category and ranked 5th among the top 100 rankings of the
competition at the 2012 Spot Light Awards - Global Communications
Competition organised by League of American Communication Professionals.
The company retained the coveted Gold award for the fifth consecutive
year in the leasing sector at the Annual Report Awards organised by the
Institute of Chartered Accountants of Sri Lanka. |
