About Us
Alliance Finance Company PLC
Receiving international endorsement for our unwavering commitment towards sustainability, in 2020 we became the first financial institution in South Asia to be a certified value driven financial institution for Holistic Sustainability in Banking and Finance, under Sustainability Standards and Certification Initiative of International Council of Sustainability Standards for Value-Driven Financial Institutions, Germany. Driven by our mandate dedicated to sustainable development, with our team of highly motivated and performance-driven individuals, we strive diligently every day to bring to life AFC’s high impact goals and core purpose, thereby contributing towards national and global sustainability priorities.
Incorporated in 1956 as a licensed finance company registered under the Central Bank of Sri Lanka, today Alliance Finance Company PLC (AFC) is the oldest finance company in Sri Lanka. Over the years we have built a solid brand, based on the principles of trust and integrity . For more than six decades, AFC has been serving four generations of loyal Sri Lankans, providing financial services to meet their expectations.
The financial solutions we offer include leasing, gold loans, term loans, gold investment solutions, savings and deposits. We also carry out vehicle trade-in services and Ezy drive vehicle hiring services as well under our Commercial Division. With a network of 86+ customer touchpoints across the island we are well equipped to reach out to serve our customers, individuals, micro-entrepreneurs and small and medium enterprises in Sri Lanka.
On our journey to become a sustainable financial institution in Sri Lanka, we have taken our first impactful step in 2017, by becoming the 1st Institution in the Banking and Finance sector of Sri Lanka to commit to the Karlsruhe Resolution, thereby agreeing to work towards achieving the Sustainable Development Goals and the Paris Climate Agreement. Over a decade our company has undertaken many initiatives in the sustainability front and integrated the essence of sustainability to the core of our business.
Our Purpose Statement
"Make the world a better place
through sustainable finance"
Our Core Values
Our customers need to TRUST us and be happy
TEAMWORK will make us stronger
ETHICS and INTEGRITY is
critical
We RESPECT each other and the enviornment
Everyone of us are ACCOUNTABLE for our actions
We are open brave and willing to drive INNOVATION and CHANGE
Triple Bottom Line
People- Planet- Profit approach has long been intrinsic to our business and more recently, we have expanded our focus aligning the same with the UN SDGs. Our commitment has led us to become the first in South Asia to adopt the prestigious Sustainability Standard and Certification Initiative (SSCI)- the first global standard for financial institutions, encompassing a framework for the holistic integration of sustainability.
PEOPLE
Our efforts to empower and uplift lives extend beyond our financial solutions, to training and development, CSR, and supplier engagement.
PLANET
Our multipronged efforts to protect the environment include carbon footprint reduction, biodiversity conservation, restoration of ecosystems, environmental risk mitigation, and protection.
PROFIT
At Alliance, prosperity is about win-win outcomes, with growth in our profitability accompanied by increasing livelihoods and incomes to create financial inclusivity, through our responsible financing solutions.
Purpose Statement
- 1. our customers needs too trust us and be happy
- 2. Tem Work Will Make Stronger
- 3. Ethics and integrity arecritical
- 4. We respect each other and the environment we live in
- 5. Every one of us are accountable for our actions
- 6. We are open, brave and willing to drive innovation and change
Our Milestones
As Sri Lanka’s oldest finance company, which today serves its fourth generation of customers, our horizons have always been about the long term…. And we continue to envision the future whilst standing firm on a solid platform for sustainable growth.
Some of our path breaking footsteps which have raised the bar for the entire industry in Sri Lanka (alternative: our Game Changing steps which have set new benchmarks for the Sri Lankan industry)
Steadfast and solid , as our story reveals, as Sri Lanka’s oldest Non Bank Financial Institution, we are about enduring relationships. Serving four generations of customers, constantly innovating how and what we serve, we strive to meet evolving financial needs of future generations, playing our part in fueling the nation’s progress
PUBLICLY QUOTED
Alliance Finance quoted in the Colombo Brokers Association (prior to the formation of Colombo Stock Exchange)
PUBLICLY QUOTED
ADOPTING
SUSTAINABILITY
Formal adoption of the Triple bottom line philosophy (People, Planet, Profit) across the Group
CERTIFIED
FOR SUSTAINABILITY
Became the first Financial Institution in South Asia to receive the globally recognized Sustainability Standard and Certification Initiative (SSCI) certification.
CERTIFIED FOR SUSTAINABILITY
Awards AND ACCOLADES
Our commitment to excellence and our efforts to “Make the World a Better Place’ continue to be rewarded and reinvigorated by the many national and international accolades we win.
Alliance Group
Alfinco Insurance Private Limited
Our subsidiary, Alfinco Insurance Brokers evaluates and manages insurance portfolios for clients, from points of policy selection to renewal and making claims; thus unburdening clients to concentrate on their core business. Our services, as an independent professional service provider, include negotiating with all leading Insurance providers in the country, for both Life and General Insurance categories to obtain the best terms and conditions in the market, advising clients to minimize their risks and all other aspects of insurance.
MACBERTAN (PVT) LTD
Established in 1997, the Group Associate Company Macbertan (Pvt) Ltd. is a leading manufacturer of insulation solutions and flexible packaging. The Company pioneered the manufacture of expanded Polyethylene and bubble sheets in Sri Lanka and is a Joint Venture between Alliance Finance, and McLarens Holdings Limited, two leaders in their respective industries.
Stewardship
MRS.TAMARA DHARMAKIRTI HERATH
Chairperson
MR. ROMANI
DE SILVA
Deputy Chairman & Managing Director
MR. KUSAL JAYAWARDANA
Deputy managing director
MRS. PRIYANTHI
DE SILVA
Independent Non-Executive Director
Corporate Information
Name Of the Company
Alliance Finance Company PLC.
Statutory Status
- Quoted Public Limited Liability Company, incorporated under the Companies Ordinance No.51 of 1938
- Reregistered under the Companies Act No.7 of 2007
- Approved and Registered under the Finance Leasing Act No.42 of 2011.
- Financial Leasing Act.56 of 2000
- An approved Credit Agency under the Mortgage Act No. 6 of 1949 Trust Receipt No. 12 of 1947.
Date of Incorporation
- 18th July 1956
COMPANY REGISTRATION
- No. PQ 93
Registered Office
- Alliance House
- No.84, Ward Place, Colombo 07, Sri Lanka.
- Telephone: 011-2673673
- Fax: 011-2697205
- E-mail: info@alliancefinance.lk
Website
BOARD OF DIRECTORS
- Mrs. Tamara Dharmakirti-Herath - Chairperson
- Mr. Romani de Silva - Deputy Chairman & Managing Director
- Mr. Kusal Jayawardana - Deputy Managing Director
- Mrs. Priyanthi de Silva - Independent Non-Executive Director
- Mr. Hiran de Silva - Independent Non-Executive Director
- Mr. Lasantha Hettiarachchi - Independent Non-Executive Director
ADVISORY COUNCIL
- Mr. B. Ponnambalam
- Mrs. K.S.K. de Silva
- Mr. Abbas Akbarally (Chairman - Akbar Brothers Group of Companies)
- Mr. K. Kanag Isvaran LLB (London) of Lincoln Inn Barrister - (President’s Counsel)
- Mr. S.P. Morawake (Former Registrar of Companies)
AUDIT COMMITTEE
- Mrs. Priyanthi de Silva – Chairperson
- Mrs. T. Dharmakiriti Herath – Member
- Mr. L.J.H. de Silva – Member
REMUNERATION COMMITTEE
- Mr. Hiran de Silva – Chairman
- Mrs. T.Dharmakirti Herath – Member
- Mr. Lasantha Hettiarchchi – Member
INTEGRATED RISK MANAGEMENT COMMITTEE
- Mrs.T. Dharmakiriti Herath – Chairperson
- Mrs. Priyanthi de Silva – Member
- Mr. Romani de Silva – Member
- Mr. Mahinda Gunasekera – Member
- Mr. Kusal Jayawardana – Member
CXO’s by invitation
RELATED PARTY TRANSACTION COMMITTEE
- Mrs. T.Dharmakiriti Herath – Chairperson
- Mr. Hiran de Silva – Member
- Mr. Lasantha Hettiarachchi – Member
EXTERNAL AUDITORS
- M/s. Baker Tilly Edirisinghe& Co.
- Chartered Accountants,
- No. 45, 2nd Floor, Braybrooke Street,
- Colombo 2.
INTERNAL AUDITORS
- -
KPMG
- Chartered Accountants
- 32 A, Mohamed Macan Markar Mawatha,
- P.O. Box 186, Colombo 3.
LEGAL CONSULTANTS
- Gunawardena & Ranasinghe Associates
- Sudath Perera Associates
SECRETARIES
- Alliance Management Services (Pvt) Ltd.,
- Alliance House
- No. 84, Ward Place,
- Colombo 7.
BANKERS
- Sampath Bank PLC.
- Seylan Bank PLC.
- Public Bank Berhad.
- People’s Bank.
- Hatton National Bank PLC.
- Commercial Bank of Ceylon PLC.
- Bank of Ceylon.
- Nations Trust Bank PLC.
- NDB Bank PLC.
- DFCC Bank PLC.
- Cargllish Bank Ltd
Principal Activities
- Providing finance lease, gold loans, Vehicle
- Trade-In, acceptance of fixed deposits, savings
- mobilization, other credit facilities and services.
Credit Rating
- (SL) BBB- with a stable outlook rating assigned by LRA ( Lanka Rating Agency)
Subsidiaries
- Alfinco Insurance Brokers (Pvt) Ltd.
Corporate memberships and associations
- The Finance Houses Association of Sri Lanka
- Leasing Association of Sri Lanka
- Credit Information Bureau of Sri Lanka
- Financial Ombudsman-Sri Lanka
- Biodiversity Sri Lanka (Patron Member) {Business and Bio diversity platform}
- CSR Sri Lanka
- Association for Development Finance Institutions in Asia and the Pacific (ADFIAP), The Philippines
