Jul 12, 2017

People’s Leasing enters new partnership

The leading non-bank finance company in Sri Lanka, People’s Leasing & Finance PLC ties-up with SENOK COMMERCIAL VEHICLES (PVT) LTD for innovative leasing partnership.

The leasing partnership PLC initiated with SENOK COMMERCIAL VEHICLES (PVT) LTD, the authorized distributor in Sri Lanka of Volvo Eicher commercial vehicle Company in India. Senok Company also engaging in promoting, marketing and maintaining variety of construction machinery, heavy duty and commercial vehicles importing under well reputed brand names. In this special occasion Mr. D.P. Kumarage (CEO/GM), Mr. Lionel Fernando (DGM-Operations) & Mr. Laksanda Gunawardane (DGM-Operations) for PLC & SENOK Top Management were participated for signing of the MOU.

PLC/Senok leasing partnership is valid till December 31, 2017 subject to promote EICHER Vehicles (All type of AC & NON AC Buses and trucks). This special promotion for EICHER Trucks & Buses – Free registration, 03 full services including materials at 5,000, 20,000 & 40,000km, Free spare parts vouchers (worth of Rs. 35,000/-) for customer’s engaged in school transportation, upon receipt of proof documents.

Under PLC/Senok leasing partnership too PLC will offer Lease period up to 5 years for SENOK customer’s according to customer’s repayment capacity, free full tank fuel to all SENOK vehicles leased through PLC at the time of releasing vehicle to customers.

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. According to Brand Ratings PLC retaining AA by Brand Finance Lanka. PLC is the only Sri Lankan finance company to have two international ratings one equal to the Sovereign from Standard & Poor's ('B+/B') and the other, one notch below the Sovereign from Fitch Rating International ('B').

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.