Finance Companies in Sri Lanka

Among the top finance companies in Sri Lanka are Bartleet Finance Sri Lanka, The Finance Company PLC, Singer Finance (Lanka) Ltd, and Arpico Finance Company PLC. Each of these companies has established a strong presence in the country through their innovative financial solutions, customer-focused services, and solid reputations in the market.

Bartleet Finance Sri Lanka (BFSL)

Bartleet Finance Sri Lanka (BFSL) stands out as one of the most respected and well-established finance companies in the country. Founded in 1983, Bartleet Finance is a subsidiary of the Bartleet Group, which is one of Sri Lanka’s oldest and most prominent business conglomerates. The company was incorporated under the Companies Act No.17 of 1982 and is licensed by the Monetary Board of the Central Bank of Sri Lanka as a Specialist Finance Company authorized to accept deposits from the public.

BFSL is known for offering a comprehensive range of financial services, including fixed deposits, leasing, hire purchase, personal loans, and working capital financing. The company has earned a reputation for providing secure and innovative solutions to its clients, with a particular focus on delivering services that meet the evolving needs of Sri Lanka's growing middle class. As a licensed deposit-taking institution, Bartleet Finance plays a significant role in mobilizing domestic savings and channeling those funds into productive economic activities.

The company’s focus on customer-centric services and innovative financial products has helped it build a loyal customer base over the years. Bartleet Finance is particularly noted for its effective risk management practices and adherence to industry regulations, which has earned it the trust of depositors and investors alike. Moreover, the company continues to expand its product offerings in response to the changing financial landscape, providing tailored financial solutions for businesses and individuals.

The Finance Company PLC

The Finance Company PLC holds the distinction of being the oldest finance company in Sri Lanka, with a rich history dating back to its founding in 1953. The company was established with the mission of providing financial services to meet the growing needs of Sri Lanka’s burgeoning economy. Over the years, The Finance Company has become synonymous with trust, reliability, and innovation in the Sri Lankan finance sector.

The company offers a wide range of financial products and services, including fixed deposits, savings accounts, housing and property development finance, leasing, and hire purchasing. These products are designed to cater to both individual and corporate clients. One of the company’s key contributions to the Sri Lankan financial landscape has been its pioneering role in introducing savings and fixed deposit products to the public, which has since become a staple of the financial sector.

The Finance Company’s involvement in property development and housing finance has also made a significant impact, providing affordable housing solutions to Sri Lankan citizens. Over the decades, it has played a role in enabling middle-class families to acquire homes and contribute to the growth of the real estate market in Sri Lanka. Additionally, the company has been active in leasing and hire purchasing, providing individuals and businesses with accessible financing options for vehicles, machinery, and equipment.

With a legacy that spans over six decades, The Finance Company PLC has earned its place as a stalwart in Sri Lanka’s finance sector. The company’s longstanding history, coupled with its commitment to delivering high-quality services, has made it a trusted partner for thousands of customers across the country. Its strong brand recognition, paired with its ability to adapt to market changes, ensures that The Finance Company remains a key player in the financial services industry.

Singer Finance (Lanka) Ltd

Singer Finance (Lanka) Ltd (SFLL), a fully owned subsidiary of Singer Sri Lanka PLC, is another major player in Sri Lanka’s finance sector. Established in 2001, SFLL has quickly made a name for itself as a trusted finance company, providing a variety of financial products to individuals and businesses alike. The company has been licensed by the Central Bank of Sri Lanka to conduct finance leasing activities and is regulated under the Finance Companies Act No.78 of 1988.

Singer Finance specializes in offering leasing and hire purchase products, primarily for consumer durables, automobiles, and industrial equipment. These financial products have become particularly popular among Sri Lanka’s middle-income population, allowing them to purchase items such as household appliances, cars, and machinery on affordable installment plans. In addition to leasing and hire purchase, SFLL offers personal loans and savings products such as fixed deposits and savings accounts.

What sets SFLL apart from many other finance companies in Sri Lanka is its strong connection with Singer Sri Lanka, a well-established retailer with a history of over 140 years in the country. This connection gives SFLL a competitive advantage, as it can leverage Singer’s extensive retail network to offer financing options for the company’s wide range of products. This symbiotic relationship between Singer Finance and Singer Sri Lanka has helped SFLL expand its reach and enhance its brand recognition.

Moreover, SFLL is focused on enhancing its reputation as the most trusted finance company in Sri Lanka. It has made significant strides in improving its customer service and digital platforms, enabling customers to easily access financial products and services. SFLL's customer-oriented approach and its strategic focus on growth and innovation continue to drive the company’s success.

Arpico Finance Company PLC

Arpico Finance Company PLC is another well-regarded finance company in Sri Lanka, with a history that dates back to 1951, making it the second oldest finance company in the country. The company is listed on the Colombo Stock Exchange and has earned a reputation for providing high-quality financial products and services over the years. Arpico Finance has built its credibility by focusing on traditional values of trust, customer care, and financial integrity.

The company’s services include deposit products (fixed deposits, savings accounts), leasing, hire purchase, and personal loans. Arpico Finance is well known for offering competitive interest rates on its deposit products, making it a popular choice for Sri Lankan savers who are looking to invest their money in a safe and secure environment. The company’s leasing and hire purchase solutions are tailored to meet the needs of both individual customers and small businesses, helping them acquire vehicles, machinery, and other essential assets.

Arpico Finance's long-standing presence in the market and its ability to adapt to the evolving needs of Sri Lanka’s financial sector have made it a respected name in the industry. The company continues to expand its service offerings and enhance its customer experience, ensuring that it remains competitive in a dynamic market. With its robust financial position and strong brand reputation, Arpico Finance is well-placed to continue playing a pivotal role in the Sri Lankan finance sector.

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