Associated Motor Finance Company PLC
CCSELK:AMF.N000054.00
LKR
+1.00
(+1.89%)
ISIN
LK0387N00007
Return %
Stock
S&P 500
1Y
-14.29
14.20
3Y
409.43
81.12
5Y
165.30
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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FRC
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in mil. unless spec.Company Description
- CEO
- T. M. A. Sallay
- Full Time Employees
- 351
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- Colombo Sri Lanka
- IPO Date
- Jun 16, 2011
- Website
- amf.lk
- Similar Companies
- Business
- Associated Motor Finance Company PLC is a Sri Lanka-based non-banking financial institution that provides a comprehensive suite of retail and commercial financial services. Founded on July 25, 1962, and headquartered in Colombo, Sri Lanka, the company operates as a licensed finance company under the regulation of the Central Bank of Sri Lanka. Associated Motor Finance Company PLC organizes its operations into key financial segments, offering core products and services that include asset leasing and hire purchase facilities for new and pre-owned passenger, commercial, and two- and three-wheeler vehicles; deposit mobilization products encompassing term fixed deposits, high-yield senior citizen deposit plans, and retail savings accounts; secured and unsecured lending facilities, including term loans, microfinance, small and medium-sized enterprise (SME) business loans, mortgage loans, and personal credit facilities; Sharia-compliant Islamic financial services operated under its Al-Jabal business unit; automobile trading and direct vehicle import services; and digital financial solutions comprising the AMF Self-Care online portal and electronic payment services. The company distributes its solutions to individual consumers, sole proprietors, and corporate enterprises across Sri Lanka through an extensive island-wide branch network. In recent corporate developments, Associated Motor Finance Company PLC transitioned to a majority-owned subsidiary of L B Finance PLC following a strategic share acquisition and mandatory takeover offer, leading to a shareholder-approved amalgamation process to consolidate operations and balance sheet capabilities. In parallel, the company strengthened its tier-2 capital structure through the board-approved issuance of listed, rated, unsecured, subordinated redeemable debentures, while Lanka Rating Agency upgraded the company's long-term financial rating to reflect enhanced asset quality, expanding net interest margins, and ongoing modernization of its digital lending infrastructure.