PLC ranked 27th in Business Today ‘Top 40’

PLC was ranked 27th amongst the ‘TOP 40’ Winning Listed Companies in Sri Lanka 2020/21 chosen by the Business Today magazine on the basis of the Best Financial Performance.

Sri Lanka’s undisputed pioneer in non-bank finance services and a subsidiary of public sector banking giants, People’s Bank and People’s Leasing and Finance PLC (PLC) have worked tirelessly over the past two years to empower and assist Sri Lankans throughout the country by offering financial assistance to overcome the present turbulent circumstances as well as through its many Corporate Social Responsibility (CSR) initiatives.

Under a new operating environment, Business Today Top 40 2020/2021 is an apt acknowledgment to some of the most resilient organizations and their leaders, who, despite extreme operating conditions, took the reins and strode on that extra mile to demonstrate their commitment to fulfilling their obligations to multiple stakeholders. It is indeed a commendable feat that as Sri Lanka’s businesses came to grips with the numerous challenges before them at the beginning of the last financial year, just as they were recovering from a formidable 2019.`

According to the Business Today, this year TOP 40 2020 / 2021 is placing the spotlight of recognition on companies that have driven social and national interest in their business endeavors. Under the new standards, Business Today has replaced three earlier criteria with two new bars. This shift in the judging benchmarks is right on board. Those organizations recognized this time had shifted their governance and stewardship priorities to ensure business sustainability, health, safety and employee well-being while providing uninterrupted serviceability to customers and their obligations to many stakeholders.

People’s Leasing & Finance PLC is a leading Non-Bank Financial Institution in Sri Lanka and a subsidiary of People’s Bank, one of the largest State-owned banks in the country. Commencing operations in 1996 as a specialized leasing company, People’s Leasing was listed on the Colombo Stock Exchange in 2011. People’s Leasing has grown to become a diversified non-banking financial powerhouse with six subsidiaries in allied areas of specialization including a venture overseas in Bangladesh.

Sri Lanka’s pioneering state-owned Financial Institution, People’s Leasing & Finance PLC (PLC), celebrated its 25th anniversary on 31st May 2021.