People’s Leasing and Finance PLC Annual Report recognised
View(s):People’s Leasing & Finance PLC, one of the leading non-bank financial institutions in Sri Lanka, recently bagged eight coveted awards for its 2018/19 annual report at the 33rd ARC Awards International – 2019.
The ARC Awards International being one of the world’s premier annual report competitions is considered the best evaluator of academic awards for annual reports. The competition was organized by MerComm, Inc. US and held at SHILLA Hotel in Seoul, South Korea. Omal Sumanasiri, Chief Manager (Finance) who represented People’s Leasing at the ARC Awards ceremony accepted the awards conferred to the company.
The eight category awards secured by People’s Leasing 2018/19 Annual Report at the ARC Awards International 2019 in ‘Financial Services – General sector’ are; ‘Financial Data’ (Gold Award), ‘Non-Traditional Annual Report’ (Gold Award), ‘Chairman’s/President’s Letter (Silver Award), ‘Cover Photo/ Design’ (Bronze Award), ‘Interior Design’ (Bronze Award), ‘Written Text’ (Bronze Award), ‘Printing & Production’ (Bronze Award) and ‘Photography’ (Honors), the company said in a media release.
Sabry Ibrahim, CEO/ GM, PLC’s speaking on the recognition derived by the Company’s 2018/19 annual report at the ARC Awards International 2019 said the latter is considered as the Academy Awards for annual reports and it is a great achievement for People’s Leasing to secure eight awards for its annual report at this year is competition.
This year, the competition received over 2,100 entries from 34 countries across the world. Several prestigious Sri Lankan corporates have also participated in this year’s competition.
People’s Leasing started its business operations in 1996 as a wholly owned subsidiary of one of the largest state banks in Sri Lanka, People’s Bank.
People’s Leasing is currently the highest rated non-bank financial institution in the country, with a ‘B’-rating by Fitch Ratings International (just one notch below ‘Sovereign’); AA-(Ika) rating from Fitch Ratings Lanka Ltd., and the number one ranking in non-banking financial services by Brand Finance PLC. The company was also recognized as one of the best corporate citizens in the country by the Ceylon Chamber of Commerce.