Assetline Leasing Company was recently granted a finance company license under the Central Bank of Sri Lanka’s (CBSL) Non-Bank Financial Institutions Sector Consolidation Plan.
The company will now be known as “Assetline Finance Limited” (Assetline), it said in a media release.
The flagship company of the David Pieris Group’s financial services cluster, Assetline was incorporated in 2003 and registered with CBSL as a specialised leasing company.
The company was initially established to provide leasing to facilitate lower income, rural populations to purchase three-wheelers, two-wheelers and small vehicles. Today, Assetline has expanded its portfolio to include all lending products and its clientele to cover SME’s. With an island-wide network of 55 branches and 24/7 operated Easy Pay machines, the company has provided financial inclusion and access to those who may otherwise be overlooked.
Rohana Dissanayake, Chairman of Assetline and Chairman and Managing Director- David Pieris Group said, “In the past 19 years, the company has grown from small beginnings to be a leader in the industry, built on a reputation of trust, transparency and values that are inherent in the David Pieris Group of Companies”.
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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