new profille

Peoples Merchant transforms into finance company

People’s Merchant Finance PLC yesterday marked the transformation of the company 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 Nawam MawathaThe chief gust on the occasion was Basil Rajapaksa, Minister of Ecomnomic Development, Siripala Gamlath, Deputy Minister of Land and Land Developmen, Chandra Permaratne, Deputy Governor, Central Bank of Sri Lanka and W Karunajeewa, Chairman People’s 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 tlie 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.