Business Profile Summary

People’s Leasing was incepted in 1996 as a fully owned subsidiary of People’s Bank, with a modest initial
equity of Rs 10 million as a specialized leasing company. Listed on the main board of the CSE through the second largest IPO in the history and in 2012 received the license to conduct finance business under the Finance Business Act no. 42 of 2011 from the Monitory Board of the Central Bank. People’s Leasing now has spread network to the 110 branches all over the country. The product portfolio of the Company mainly comprises finance leases, hire purchases, loans, deposits (fixed and saving deposits), Islamic products and Margin Trading facilities. The PLC Group consists of five subsidiaries namely People’s Leasing Fleet Management Limited, People’s Leasing Property Development Limited, People’s Leasing Havelock Properties Limited, People’s Microfinance Limited, and People’s Insurance Limited.