Leasing shows increasing trend

The leasing industry of Sri Lanka showed an increasing trend from December last year and the industry is confident that the momentum will continue.

Speaking to Daily News Business Leasing Association of Sri Lanka (LASL) Chairman Sanjeewa Bandaranayake said the favourable economic environment benefited the industry commendably. The industry started taking off from end of 2009 and the trend is positive. The leasing companies individually have also performed remarkably.

“With the industry performing well we expect that the disbursements will double in the next year. The budget has focused on a major development of Sri Lanka and the relaxed taxation have benefited the industry,” he said.

C de S