Innovative and dynamic approach towards leasing coupled with its business acumen have made PLC the acknowledged leader in leasing in Sri Lanka. PLC is also the most preferred and trusted leasing destination. These attributes are just a few reasons why PLC has become a formidable force in the leasing industry.

Contact PLC :
Web Site :	www.plc.lk
Address :	Principal Business Office No. 67, Sir Chittampalam A. Gardiner Mawatha, P.O. Box 1346, Colombo 2 , Sri Lanka.
Post Code :	00200
Tele :	011-2481000
Fax :	011-2320365, 011-2481105
Email :	plclease@plc.lk

History

People's Leasing Company was incorporated on the 22nd of August 1995 and commenced commercial operations on the 31st of May 1996, as a fully owned subsidiary of the People's Bank-one of the largest state-owned banks in Sri Lanka.

As the acknowledged leader in the leasing industry, PLC has enjoyed an overall market share of over 18 percent of the leasing industry, offering Finance Leasing, Operating Leases, Hire Purchase Asset Financing Term Loans and Islamic Financial Products.

PLC’s continuous  success story facilitated the Company to claim the position of market leader of the leasing industry in the years 2002/03 (within a short spell of 7 years)  and retaining supremacy for the last three consecutive years thereafter.

Young as we are, we embarked on a process change by re-shaping, aligning ourselves more with market realities and the needs of the leasing community. A very progressive, target and productivity driven Business Plan keeps the winds of change and progress blowing through the window of opportunities of PLC.

As we stand poised on the brink of our first decade in operation, we acknowledge with gratitude the support we have received from our parent, People's Bank, and the loyalty of an ever growing customer base.

PLC Performance: in brief

The intuitive thinking of Operational Strategy and rational thinking of Financial Strategy were linked and harnessed through the process of managing growth, taxation, value addition, asset management, funding and strategic management. Accordingly, PLC the flagship subsidiary of People's Bank posted a milestone achievement surpassing last year's recorded highest achievements within its ten years of operation ended in March 2006.This was after making the highest discretionary general provision against possible credit losses in addition to the specific provision.

Major Achievements

• Credit Ratings
  
  Issue Rating
  Fitch Ratings Lanka Ltd. has upgraded the rating of Lease Backed Trust Certificates issued by PLC Trust Nine to ‘A+(IKA).
  
  
• Entity Rating
  Fitch Ratings Lanka also assigned an entity Rating of A- (IKA) to PLC
  
  
• Won Leasing Sector runner-up accolade twice including the year 2004/05 at the Best Annual Report Competition held by ICASL.
  
  
• PLC is complemented and recognized by the Central Bank of Sri Lanka in its 2002 Annual Report for introduction of new instrument of the financial market, which states : “People's Leasing Company alone has executed lease securitisation deals to the value of about Rs.1 billion during the year.”
  
  
• Government Budget – 1998 allocated Rs.300 Million to PLC in order to commence the Samurdhi Hire-purchase Project for Samurdhi beneficiaries.
  
  
• Imported over 7,000 Omni buses and released them on easy leasing terms with concessions to improve the Public Passenger Transport Sector by creating an edge 1over the others and spear headed a silent revolution in the industry.
  
  
• Highest disbursements among non-banks of “Susahana” refinance Loan Scheme from Central Bank of Sri Lanka for Tsunami victims.
  
  
• PLC has the lowest Non-performing level in the industry according to FITCH Ratings.
  
  
• Surpassed Rs.20 billion receivable portfolio mark which is considered to be the highest in the industry in March 2006.
  
  
• Secured as the 8th most successful enterprise ranked by Lanka Monthly Digest (LMD) among top 20 such state owned enterprises with top spot in terms of revenue growth

Corporate Head Office
67, Sir Chittampalam A Gardiner Mawatha,
Colombo 2.
Tele: 011-2481000

Corporate City Office
74, Union Place
Colombo 2.
Tele: 011-2490000

Branch Network

	Jaffna Branch No. 82, Kannathiddy Road, Jaffna. Tele: 021-2228130 Trincomalee Branch 285, Central Road, Trincomalee. Tele: 026-2225285 Anuradhapura Branch 75 F G, 1st Cross Street, Maithripala Senanayake Mawatha, Anuradhapura. Tele: 025-2224903 Polonnaruwa Branch 407, Main Street, Kaduruwela, Polonnaruwa. Tele: 027-2225793 Kurunegala Branch 103 A, Colombo Road, Kurunegala. Tele: 037-2221582 Negombo Branch 424 1/1, Main Street, Negombo. Tele: 031-2223230
Kandy Branch 177, D.S. Senanayake Veediya, Kandy. Tele: 081-2236280 Ampara Branch 149, Kumarasiri Building, Nidahas Mawatha, Ampara. Tele: 063-2222343     Gampaha Branch 49 A, Yakkala Road, Gampaha. Tele: 033-2232732 Nuwara Eliya Branch 36K. Ramanadan complex, Park Road, Nuwara Eliya. Tele: 052-2224120     Badulla Branch 33/9, Ground Floor, Modern Complex, Cocowatta Road, Badulla. Tele: 055-2223903 Ratnapura Branch 23, Colombo Road, Ratnapura. Tele: 045-2230678     Galle Branch 64, Colombo Road, Kaluwella, Galle. Tele: 091-2247521 Matara Branch 32 B 1/1, Anagarika Dharmapala Mawatha, Matara. Tele: 041-2220129     Ambalantota Branch 127/A, Tissa Road, Ambalantota. Tele: 047-2225265 Kalutara Branch 314 1/1, Main Street, Kalutara South. Tele: 034-2235799     Kelaniya Branch 965, Kandy Road, Wedamulla, Kelaniya. Tele: 011-2914112-3 Fax: 011-2914114 Nugegoda Branch 204, High Level Road, Nugegoda. Tele: 011-2820464