People’s Leasing & Finance PLC rings CSE Opening Bell to mark 20th anniversary
View(s):People’s Leasing & Finance PLC (PLC) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) on Tuesday, 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. A CSE media release said Mr. Kulatilaka congratulated PLC for celebrating what has been a successful 20 years and commended the company for achieving phenomenal growth.
He went on to note that the company’s involvement in the development of the Small and Medium Enterprise sector in particular is testament to the vital contribution PLC has made to the nation over the years. Speaking at the ceremony, Mr. Amirthanayagam stated “As a leading non-bank financial institution in Sri Lanka with an asset base of over Rs. 120 billion and a net profit of Rs. 4 billion we are proud to say that 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. Our brand is one of the most trusted and visible brands in the country and our high quality of service, governance and risk frameworks have steered us to success over the years.”
Mr. Kumarage, who also spoke at the event 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. Winning the award for the best annual report in the past eight years illustrates our continued commitment in this regard.” Mr. Kumarage thanked the company’s stakeholders for their trust and support over the years and pledged to build on the success of the past two decades.