People's Leasing & Finance Soars: Record Asset Growth & Consistent Profits in FY25
Colombo, Sri Lanka – People's Leasing & Finance PLC (PLC), a vital arm of People's Bank and a leading force in Sri Lanka's financial landscape, has announced a stellar performance for the financial year 2025 (FY25). The company reported significant asset expansion alongside sustained profitability, solidifying its position as a key player in the nation's economy.
Record Asset Growth: A Testament to Strategic Expansion
The highlight of FY25 was a remarkable surge in assets. PLC witnessed a substantial increase in its total asset base, driven by strategic lending initiatives and a proactive approach to market opportunities. This growth reflects the company's ability to effectively manage risk while expanding its reach across various sectors of the Sri Lankan economy. Analysts attribute this impressive growth to a combination of factors, including a recovering economy and PLC’s focused efforts on penetrating underserved markets.
Sustained Profitability: A Sign of Financial Strength
Alongside asset expansion, PLC maintained a commendable level of profitability throughout FY25. This consistent performance underscores the company's robust financial management practices, efficient operational processes, and a resilient business model. The company’s ability to navigate challenging economic conditions while delivering positive results is a testament to its strong leadership and dedicated workforce.
Key Drivers of Success
- Diversified Portfolio: PLC's diversified lending portfolio, encompassing leasing, hire purchase, and term loans, mitigated risk and ensured a stable revenue stream.
- Technological Advancements: Investments in technology streamlined operations, improved customer service, and enhanced risk management capabilities.
- Strategic Partnerships: Collaborative partnerships with key stakeholders expanded market reach and facilitated access to new business opportunities.
- Focus on Customer Satisfaction: PLC prioritised customer needs, offering tailored financial solutions and exceptional service, fostering strong customer loyalty.
Looking Ahead: A Vision for Continued Growth
People's Leasing & Finance PLC remains committed to its mission of providing innovative and accessible financial solutions to Sri Lankan businesses and individuals. The company plans to continue its focus on sustainable growth, leveraging technology, and fostering strong relationships with its stakeholders. Future strategies include expanding into new markets, developing innovative product offerings, and further strengthening its risk management framework.
“We are incredibly proud of the achievements of People’s Leasing & Finance PLC in FY25,” stated a spokesperson for People’s Bank. “The company’s strong asset growth and consistent profitability demonstrate its resilience and its vital role in Sri Lanka’s financial sector. We remain confident in PLC’s ability to continue delivering value to its customers and shareholders.”
