Sri Lanka’s leading non-bank finance sector company, People’s Leasing & Finance PLC and A N Algewatta Auctioneer have joined hands in introducing an online vehicle auction system significantly for the first time in Sri Lanka. People’s Leasing started its business operations in 1996 as a wholly owned subsidiary of one of the largest State banks in Sri Lanka, People’s Bank. People’s Leasing Ranked No. 03 in Transparency in Corporate Reporting (TRAC) by the Transparency International Sri Lanka (TISL). People’s Leasing Conglomerate consists of six subsidiaries – People’s Insurance PLC, People’s Micro-Commerce Ltd, People’s Leasing Property Development Ltd, People’s Leasing Fleet Management Ltd, People’s Leasing Havelock Properties Ltd, and its latest foreign venture, Lankan Alliance Finance Ltd, in Bangladesh.

Source: The Nation March 09, 2021 15:00 UTC