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.
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.
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