CLC News & Events


Former Deputy Governor of Central Bank, Mr. Priyantha Fernando appointed as Chairman of Commercial Leasing and Finance PLC

Commercial Leasing & Finance PLC (CLC) has announced the appointment of experienced banker Priyantha Fernando as its Chairman with effect from 30th March 2018.

Mr. Fernando has more than 35 years of experience at the Central Bank where he rose to the position of the Deputy Governor. He was the Deputy Governor of the Central Bank in 2010-2011, and was in charge of the Financial System Stability and the Corporate Services clusters. He has extensive experience and expertise in the fields of Banking and Financial Sector, particularly at the policy making levels in financial regulation and supervision, Information technology, national accounting, macro-economic analysis and statistics, finance and fund management. At the Central Bank he was the chairman of the Financial Stability Committee, member of the Monetary Policy Committee, member of the Risk Management Committee and Chairman of the National Payment Council. He also functioned as the secretary to the Monetary Board during 2009/2010.

Priyantha Fernando was an ex-officio board member in several regulatory organisations namely the Securities Exchange Commission, the Insurance Board of Sri Lanka, the Chairman of the Credit Information Bureau, Institute of Bankers –Sri Lanka and have also served as a Board Member at Employers Trust Fund, Lanka Clear (Pvt) Ltd. and Lanka Financial Services Bureau.

During his career he has initiated and spearheaded several key projects of national importance, especially in the area of developing the infrastructure for the national payments and settlement system. Mr. Fernando has served in a number of committees at national level covering a range of subjects, representing the Central Bank.

He was appointed the Chairman of Golden Key Credit Card Company and currently serves as the deputy chairmen of Union Bank of Colombo PLC and is on the Board of Taprobane Holdings Ltd, Ceylon Leather Products PLC, Golden Key Hospitals Ltd, Thomas Cook Travels Sri Lanka and Imperial Institute of Higher Education.

CLC Netball Championship – Mercantile Matches 2017

Congratulations Team CLC !

We are pleased to announce that the CLC NETBALL TEAM emerged CHAMPIONS “D” Division at the Mercantile League Netball Tournament 2017. TEAM CLC also accomplished to secure the trophy for the best upcoming centre court player.

Relocation of the CLC Welimada Service Center17-8-2017

commercial Leasing & Finance PLC relocated their Welimada service center on 17th of August 2017; allowing the residence of Welimada to experience a superior service with better access to financials solutions ranging from Leasing, Factoring, Fixed Deposits, Savings, Islamic Finance, Microfinance, Flexi cash, CLC online services and island wide ATM network.

Commercial Leasing and Finance PLC relocates Embilipitiya branch enhancing their services

Commercial Leasing and Finance PLC (CLC) ensures its commitment towards its customers by continuously delivering their finest services more comprehensively through every step forward. Validating their brand promises, CLC Embilipitiya branch was relocated recently, renewing its profound relationships with its customers yet again.

The relocated branch was ceremonially declared open by the Director/CEO of CLC Mr. Krishan Thilakaratne at the metropolitan location of No. 26, Pallegama, Embilipitiya.

The new branch is supplemented by enhanced technology and expertise of the staff members catering to enrich the lives of its residence by providing bespoke financial solutions such as Leasing, Factoring, Fixed Deposits, Savings, Islamic Finance, Microfinance, Flexi cash coupled with the convenience of internet banking - CLC online and the island-wide ATM network.

The newest location allows the prevailing CLC clientele to be benefit from the customised services and attracts the potential investors within the Embilipitiya geographical boundaries to access their financial aspirations with much ease.

CLC EMERGED AS THE BOWLCHAMPIONS AT THE MERCANTILE FOOTBALL TOURNAMENT 2017

Commercial Leasing &Finance PLC emerged as the bowlchampions at the 7-a-sideMercantile Football Championship2017. During the final match CLC managed to beat Ceylinco Insurance at a lead of twogoals to one. CLC also accomplished to secure thegiveaway trophies for the best playerbyKasun Weerakkodyandthe best goal keeperby Prasad Pereraduring theaward ceremony.

CLC Islamic Finance Crowned Best Leasing Company in South Asia Islamic Banking & Finance Industry

CLC-Islamic Finance, the Islamic Business Division of Commercial Leasing & Finance PLC (CLC) took home Gold at the recently concluded Islamic Finance Forum South East Asia Awards 2017. Winning the Gold award for the Best Leasing Company, Commercial Leasing & Finance company were competing with leading Islamic Banking and Finance companies from across five different nations, which included Bangladesh, India, Pakistan, Maldives and Sri Lanka.

With participantstaking part in awide range of participating companies from across South Asia, bringing home gold in the Inter-Islamic Finance arena was no mean feat, and stems from years of tireless efforts of the Islamic Business Division of CLC. With an extensive branch network comprising of over 65 across the island, CLC was recognized for itscommitment to incorporating and offering Islamic Finance options across thenation. With a fully Shari’ah Compliant product range approved by a Shari’ah Supervisory Board, including Profit Sharing Investments, Term Investments, Leasing, Trade Finance, Property Finance, Working Capital Finance etc., covers all aspects of customer requirement.

Another key element that contributed to this award was their proven pool of staff, each staff member of CLC has a fair knowledge to reliably advise customers on the various aspects of Islamic Finance. The Islamic Business Division of CLC holds regulartraining and workshops on Islamic Finance toeducate them on product concepts and other compliant requirements.

To-date, CLC Islamic Financebecome the highest profit payersin the Islamic Banking and Finance industrythrough a well-managedand a balanced portfolio. As for the financial year end2016/17, the Islamic Business Division recorded 100% growth in their Assets, 400% growth in Deposits and 473% growth in Profit Before Tax compared to Financial Year 2015/16.

The Islamic Business Division of Commercial Leasing Finance PLC., continues to grow from strength to strength and these type of accolades will definitely complement the hard works made by the team.

Save Smart with CLC Savings Accounts – Access Your Account Anytime, Anywhere!

Commercial Leasing & Finance PLC (CLC), has launched a range of saving account solutions that have been touted to be the smartest, safest and most convenient way of saving and accessing your day to day financial needs, whilst providing the ability to benefit from increasingly high returns.

With CLC Savings accounts, you get the flexibility and convenience needed from a savings account, with an unmatched range of facilities offered to all customers. CLC savings account give you access to a host of online and digital banking options, such as online banking and mobile banking with a dedicated multi-platform mobile application so that you can be in charge of your finances anytime, anywhere, 24/7! With the ability to pay bills instantly with over 50 service providers via online and mobile banking, as well as the ease of making transactions between financial institutions in a matter of clicks ensures that CLC’s saving accounts give their customers flexibility greater than any other option in the market. What’s more, all these facilities are provide to customers absolutely free of charge, with no additional joining fees or hidden annual membership charges to worry about.

The benefits of opening a CLC account don’t stop there. With the ability to withdraw money from any VISA Automated Teller Machine, island wide, completely free of charge, you’ll have physical access to your money once again anywhere, and at any time. No matter which VISA ATM you choose, you can withdraw your money completely hassle free and without any irksome bank charges. Stay up to date with your transactions too, with CLC’s free SMS Alert service, ensuring you have a minute by minute account of your saving’s accounts deposits and withdrawals.

CLC also extends this flexibility and ease of access to both companies and their employees, with CLC Salary Saver account, targeted specifically at businesses and their staff. For business organisations, CLC can take the hassle out of remitting salaries, with their salary management solutions. By providing all existing and new employees with hassle free bank account facilities, salaries can be deposited instantly into employee accounts. With CLC’s salary saver account, employees have the benefit of free SMS alerts to notify them of the deposit, before being able to withdraw money from the most convenient ATM, island wide. Furthermore, CLC offers beneficial savings products to every age category, inclusive of senior citizens and minor savings.

With CLC’s core technological competencies, high returns, island wide branch network, E Channels, Call Centre and 24/7 online access, coupled with the safety and security of a trusted financial institution, CLC is undoubtedly the best option for savings accounts in an increasingly fast paced society.

Commercial Leasing & Finance PLC (CLC), a member of the LOLC Group, is one of Sri Lankas leading financial service providers offering solutions ranging from leasing, fixed deposits, savings, loans, Flexi Cash to factoring. With 61 customer touch points spread across the country, CLC has become a trusted brand, synonymous with stability and dependability. CLC plays an invaluable role as a key catalyst in financial empowerment.

CLC is now in Kegalle and Piliyandala at your convenience22-6-2017

Reaching out the island wide customer base, CLC made few iconic additions to their existing branch network within the month of June. Catering to every layer of the contemporary Sri Lankan economy CLC continuously has been able deliverits brandpromises by being intensely convenient to their customers both on offline and online platforms throughout the past decade.

Their 62ndbranch wasceremonially opened by Mr. Krishan Thilakaratneon 22ndof June 2017 in Piliyandala at the location of No. 190, Colombo road, Piliyandala.

Whereastheir 63rdbranch wasdeclaredopened by theindependent non-executive director Mr. Lakshman Jayarathne in Kegalle on 29thof June 2016 at the location of No 190/4 Kandy road, Kegalle.

Currently all the branchesof the networkare fully dedicated to serve customers with utmost professional care. As a futuristic company CLC has never failed to evolve on a diversified range of products and services including Fixed deposits, Savings, Leasing, Islamic Finance, Factoring,Micro Finance, Flexi cash and CLC online with the availability of an island wide ATM network.