People's Leasing takes over Seylan Merchant

People's Leasing Company took over Seylan Merchant Leasing, re-naming it as People's Leasing Finance PLC (PLF).

A subsidiary of State-owned People's Bank (PB), People's Leasing turned the leasing world on its head, emerging as market leader on the back of an innovative approach that saw the company posting industry benchmarks. People's Leasing is in the exclusive 'billion profit club' and PLF has already a customer base exceeding 25,000 and a deposit base of Rs.1.35 billion.