Assetline Leasing transforms to Assetline Finance Ltd

Business

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”.