People's Leasing celebrates two decades in financial services

People's Leasing and Finance PLC (PLC) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) on Tuesday, May 31. The market opening ceremony was organized as part of the company's celebrations to mark two decades in the financial services industry.

PLC's Deputy Chairman, Pradeep Amirthanayagam, Directors, N. Vasantha Kumar, Johnson Fernando, M.A.M. Rizwan and CEO/GM, D.P Kumarage participated at the ceremony, while the CSE was represented by Chairman Vajira Kulatilaka, CEO Rajeeva Bandaranaike and the senior management.

CSE Chairman Kulatilaka congratulated PLC for celebrating what has been a successful 20 years and commended the Company for achieving phenomenal growth.

Deputy Chairman at PLC, Pradeep Amirthanayagam said, "As a leading non-bank financial institution in Sri Lanka with an asset base of over Rs. 120 bn and a net profit of Rs. 4 billion we have created value for both the market and the country and it is with utmost pride that we celebrate 20 years of existence today. "

"We have undoubtedly earned the confidence and trust of all our stakeholders in the past and created a benchmark in the industry with our exceptional results in every aspect and we are expecting to remain so, while creating sustainable value for all our stakeholders in the upcoming years," he said. CEO/GM at PLC, D.P, Kumarage said, "In 2011 we took a bold step in listing our Company at the CSE and have since created consistent value through a strong focus on transparency and corporate governance."

Market Opening Ceremonies are conducted by the CSE to serve as a platform to generate exposure for listed companies as they celebrate important corporate milestones.