SMB Leasing granted finance business license

Chairman of SMB Finance Ravi Wijeratne receiving the Finance Business License from CBSL Assistant Governor, J P R Karunaratne. Chandrasiri, Director SMB Finance, Supul Wijesinghe, CEO, SMB Finance and Chanoori Jayasinghe, Director, Department of Supervision of Non-Bank Financial Institutions CBSL.

SMB Leasing PLC, a specialized leasing company in Sri Lanka was granted a finance business license under the Finance Business Act No. 42 of 2011 by the Monetary Board of the Central Bank of Sri Lanka (CBSL) under the Non-Bank Financial Institutions Sector Consolidation Plan. The Company will now be known as “SMB Finance PLC”.

Prior to being granted the finance business license, SMB Leasing PLC was registered as a specialized leasing company with the CBSL. Since the establishment of the Company in 1992, the Company has been providing a portfolio of financial services to customers across the country.

SMB Finance PLC’s Chairman Ravi Wijeratne said, “In the past three decades, the Company has grown to be a prominent player in the industry, with a reputation for trust, transparency and accountability. We are confident that the upgrading to a licensed finance company will fuel our growth and long-term sustainability.”

SMB Finance PLC’s Chief Executive Officer Supul Wijesinghe said “We are confident that the upgrading to a licensed finance company will open a new chapter in the history of the Company with a broader scope and enhanced opportunities.”