Assetline Leasing Co Ltd celebrates 15 years

Assetline Leasing Company Ltd (ALCL) recently celebrated its 15th anniversary at all its branches across the country.

A special event was held at its corporate head office in Battaramulla and ALCL planted tree saplings at selected schools in all its regions, where school children and teachers also took part in making the initiative a success, the company said in a media release.

In 2003 DPMC Financial Services ( Pvt) Ltd (DPMCFS) became Assetline Leasing Company Ltd (ALCL) and commenced operations in Colombo and Kandy. ALCL, a member of the David Pieris Group of Companies, had a vision to become the nation’s preferred financial services provider that offers a comprehensive, proactive and immersive financial journey to all its clients and stakeholders.

With a network of 52 branches located island-wide, today ALCL has become a wellknown financial services provider, continuing to fulfill financial needs of the populace with an innovative and reliable range of leasing and loan products that improve the livelihood of individuals and families whilst enriching their lifestyles, the release said.

ALCL is a specialised leasing company (SLC) founded on strong ethical practices ensuring complete transparency in all aspects of its business. The highly skilled workforce is motivated by the positive impact on the lives of their clients and are committed to delivering honest professional services with products that evolve with time, using modern, innovative technology that is designed for client convenience, it said.

ALCL offers bespoke lease financing for all vehicle categories with the latest being the hybrid and electric vehicle leasing. Its loans division caters to the financing requirements of individuals and the small and medium enterprises (SME) sector with financing facilities for purchase of machinery and equipment. Products of this division include, revolving loans for financing of working capital requirements, spare parts and dealership financing, along with factoring credit to support trading businesses. Personal loans to facilitate education, marriage and purchase of consumer durables, etc are also products that are well aligned with ALCL’s precepts of operation, it said.