Dec 05, 2017

People’s Leasing makes its mark in Bangladesh

The Alliance Leasing and Finance Company Ltd (ALFCL) has started its journey in Dhaka, Bangladesh through a soft launch, aiming to provide user-friendly financial services.

The soft launch took place at the company’s office at Gulshan Avenue in Dhaka on Thursday, according to a press release. The ALFCL is a joint collaboration of Bangladesh and Sri Lanka licensed by the Bangladesh Bank.

Its main sponsor is People’s Leasing and Finance PLC, the leader in the Sri Lankan non-banking financial institution sector.

Bangladeshi partners include large corporate and individual business entities, such as Summit Group, Rangs Group, Alliance Holdings Ltd, Green Delta Insurance Company Ltd, Rabab Fashion Industry Ltd and Concept Knitting Ltd.

With a robust IT system and strong customer-oriented culture adopted from Sri Lanka, the ALFCL aims to provide technologically innovative financial services to the corporate, retail and the SME sectors.


(Except for the headline, this story, originally published by has not been edited by SLM staff)