Peoples Merchant transforms into finance company
Peoples Merchant PLC yesterday marked the transformation of the
company's' strengths gained over a period of three decades into a
licensed Finance Company under the Finance Business Act No.42 of 2011
with a launch ceremony held at their head office at Navam Mawatha.
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Minister Basil Rajapaksa accepting a deposit from Chairman
Mallu Mallu Chandra Wickaramasinghe on behalf of Peoples
Merchant PLC Picture by Chaminda Hittatiya |
The chief guest on the occasion was Basil Rajapaksa, Minister of
Economic Development, Siripala Gamlath, Deputy Minister of Land and Land
development, Chandra Premaratne, Deputy Governor, Central Bank of Sri
Lanka and W Karunajeewa, Chairman, Peoples Bank were the guests of
honor. A large gathering of customers and well wishers of the company
participated at this ceremony where a record number of fixed deposit
investments were made.
A commemorative plaque was also unveiled on this occasion by the
chief guest Basil Rajapaksa at the invitation of the Chairman of Peoples
Merchant PLC Ajith Panditharatne.
Peoples Merchant PLC set up in 1983 was the first merchant banking
institution in the country and has over the years consistently evolved
to meet the emerging challenges and opportunities in the market and has
diversified into Leasing. Hire purchase , term loans,pawning, real
estate, margin lending, bill discounting and fixed deposits. |
