AMF to cater to a wider clientele | Sunday Observer

AMF to cater to a wider clientele

7 February, 2021

Two of Sri Lanka’s oldest finance companies, Associated Motor Finance Company PLC (AMF) and Arpico Finance Company PLC (AFC) will forge ahead upon the merger of the two entities.

 The amalgamation of two entities will be a symbol of Sri Lanka’s financial industry strength despite a challenging environment in the current global financial landscape that resembles prudent financial management skills of a family business corporation with proper governance structure and responsibility towards stakeholders. “With two entities now becoming one as Associated Motor Finance Company, our record of resilience and fortitude will help us to tide over this challenging period to the best of our abilities and in a more resilient manner than many others in the industry” Associated Motor Finance Company PLC Chief Executive Officer T.M.A. Sallay said, adding that after the two entities are merged the entity will have a strong asset base over Rs. 20 billion.