The three year US Dollar term loan facility has been funded by way of a Club Deal by the National Bank of Ras Al Khaimah (RAKBANK) for $20 million and Union National Bank PJSC for $15 million.

People’s Leasing & Finance will utilise the funds to support business growth.

A signing ceremony was held in Colombo, Sri Lanka on 20th March, 2017 with the management teams of People’s Leasing & Finance PLC, Union National Bank, RAKBANK and Alpen Capital

Sri Lanka is a very important market for us and we have established strong relationships with financial institutions having worked for some of the biggest names in the country including LOLC Group, Seylan Bank, People’s Leasing & Finance and DFCC Bank.