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Expansion Idea

June 27, 2013 (LBO) - Sri Lanka's People's Leasing and Finance Plc, the island's largest non-bank lender is studying investments in fast growing economies in South East Asia, shareholders were told.
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"We have already earmarked to penetrate into the growth centric Southeast Asia possibly Vietnam, Myanmar and Indonesia," chief executive D P Kumarage said in the annual report.
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"We have initiated a feasibility study to seek the prospects and legal implications of investing in these markets.

"We do look forward to cross this threshold for the oncoming phase of our corporate ascent.

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"

People's Leasing is already Sri Lanka's largest non-bank lender with gross assets of 83 billion rupees as a standalone firm and 101 billion rupees in group assets.

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