Peoples Merchang PLC ransformed into a Licensed Finance Company
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- Created on Friday, 27 April 2012 15:59
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Peoples Merchant PLC yesterday (26) marked the transformation of the company’s’ strengths gained over a period of 3 decades into a licensed Finance company under the Finance Business Act No.42 of 2011 at a launching ceremony held at their head office in Navam Mawatha.
While the Chief Guest was Basil Rajapaksa, Minister of Economic Development and the Guests of honour were Siripala Gamlath, Deputy Minister of Land and Land Development, Ms Chandra Premaratne, Deputy Governor , Central Bank of Sri Lanka and W Karunajeewa, Chairman, Peoples Bank. 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 Rajapakse 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. Peoples Merchant is also aspiring to further develop its merchant banking business by providing innovative merchant banking solutions.
The Company is listed on the main board of the Colombo Stock Exchange and has the Peoples Bank Group as its major shareholder and the Capital Trust group as its second largest shareholder.
The company offers a personalized customer service and competitive rates through its island wide branch network and earned the trust and confidence of its large and diverse customer base over the last 30 years. Peoples Merchant PLC is to continue with the process of diversification and remain as a pro-active, hands on, people’s organization committed to adding value to all stake holders and positively contributing towards the economic prosperity of Sri Lanka.
