PLC bags Gold at SLITAD People Development Awards 2015

15 December 2015 06:30 pm

PLC senior management and HR staff with SLITAD People Development 2015 Gold award


People’s Leasing & Finance PLC (PLC), the leading non-bank finance sector company, a flagship subsidiary of People’s Bank, clinched Gold at the recently concluded SLITAD People Development Awards 2015.

The award ceremony, conducted annually by the Sri Lanka Institute of Training and Development (SLITAD), was held at Galadari Hotel with the distinguish participation of Prof. Dayantha Wijesekera as the chief guest.

PLC was commissioned in 1995 as a wholly-owned subsidiary of the biggest state bank in Sri Lanka, People’s Bank. PLC has retained the market leader position for 13 consecutive years in the non-bank finance sector.

In recognition of the quality credit and other high level motivations of the company, Fitch Rating Lanka has assigned PLC a credit rating of AA-(lka), which makes PLC the highest rated finance company. PLC is the only Sri Lankan finance company to have two international ratings. It has also been recognised as one of Asia’s Most Promising Brands 2012/13 by ibrands 360 - World Consulting & Research Corporation. Furthermore, LMD/Nielson have recognized PLC as the most respected non-bank financial institute in Sri Lanka.

PLCs special financial services products include leasing, fixed deposits, saving accounts, personal and business loans, margin trading, factoring and Islamic financial services. Its subsidiaries are People’s Insurance Ltd, People’s Microfinance Ltd, People’s Leasing Property Development Ltd, People’s Leasing Fleet Management Ltd and People’s Leasing Havelock Properties Ltd.

The uniqueness of PLC is its strength and the ability to provide diverse financial services under one roof to its customers, thus enabling the customers to obtain convenience services on easy terms. 

The SLITAD award recognizes public and private sector organisations that have demonstrated a progressive approach towards nurturing and developing their human resources and thereby linking their people development policies and practices with respective business strategies.

PLC’s Human Resources Department treats employees as the best asset of the company. Thus, it engages in various programmes throughout the year to upgrade professional and personal wellbeing of its employees. According to an annual calendar workshop, local/foreign training and get-togethers are planned and practiced by the HR department. The object of PLC is to convince its employees of the importance of serving a company that has been endorsed as the market leader in the sphere for 13 consecutive years.

PLC Chief Manager Group Human Resources expressing his views said, “This award strengthened the loyalty of our workforce had towards the company. True to PLC’s catch-word - ‘People’s friendly Lease’ - the company has achieved many feats throughout the decades by being friendly to its staff and to its customers. PLC’s strength is its employees. We treat our staff as the backbone of the company and develop them with a view to grooming them to become future managers. Training, development, retention and welfare are part and parcel of our human resource strategies.”