GRAND LAUNCHING CEREMONY

GRAND LAUNCHING CEREMONY of Lankan Alliance Finance Limited Venue: The Westin Grand Ballroom Date: 26th February 2018 DHAKA, February 26, 2018 — Lankan Alliance Finance Limited is truly an alliance of minds, fueled by a shared vision for the future. Formed as a joint venture, it is a partnership between the best of Sri Lanka and Bangladesh. Our major sponsor is People’s Leasing & Finance PLC, who are the market leaders in the NBFI sector of Sri Lanka. The local…

Completes acquisition of controlling stake in Bangladesh Finance firm

Sri Lanka’s largest non-bank lender People’s Leasing & Finance PLC this week said it has completed the acquisition of 51 percent stake in Alliance Leasing and Finance Company Limited, which would facilitate the former’s entry into Bangladesh.Alliance Leasing and Finance Company Limited is a company incorporated in Bangladesh to carry out the finance business under the Financial Institution Act, 1993 of Bangladesh. People’s Leasing & Finance revealed its plans to enter the Bangladesh, which has a population of 163 million,…

Soft Launch Press Release

Dhaka, November 30, 2017: Alliance Leasing and Finance Company Limited (ALFCL) is a Joint Venture Financial Institution with multinational collaboration in Bangladesh, licensed by Bangladesh Bank. Our major sponsor is People’s Leasing & Finance Plc, who are the market leaders in the NBFI sector of Sri Lanka. The local sponsors include large corporates and individuals with impeccable record and proven goodwill. They are titans of industry by their own right. Local sponsors include representatives from companies such as Summit Group,…

CIB Agreement Signing Ceremony

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Present at the ceremony were Mr. Romesh Elapata (CEO, Lankan Alliance), Mr. Udesh Gunawardena (CFO, Lankan Alliance), Mr. S. K. Sur Chowdhury (Deputy Governor, Bangladesh Bank), Ms. Monsura Khatun (General Manager, Credit Information Bureau, Bangladesh Bank), and other high officials of Bangladesh Bank along with members of the Lankan Alliance team.…