Skip to main content

About Us

Alliance Finance Company PLC (AFC) is the oldest finance company in Sri Lanka. Incorporated in 1956 as a licensed finance company registered under the Central Bank of Sri Lanka, we have over the years built a solid brand, based on the principles of trust and integrity.

During our corporate journey of over six decades, we have been recognized as one of the premier Non-Bank Financial institutions in the country, which has earned the trust of four generations of Sri Lankans.

AFC Key Milestones

  • AFC was incorporated on 18th July 1956
  • 2005 First Finance Company to introduce Savings Accounts
  • 2008 Entered in to the Gold Loan Market
  • 2012 Formal adoption of the triple bottom line philosophy (People, Planet, Profit) across the Group
  • 2021 The 1st value driven Financial Institution in South Asia to be certified for (SSCI Award) holistic Sustainability in Banking and Finance.

Our Business Philosophy

The business philosophy of AFC revolves around creating a better world through sustainable, inclusive and responsible financing. Our purpose statement and high impact goals have been structured in line with our business philosophy and our sustainability embedded business strategy is designed to navigate the Company’s performance towards the achievement of these goals. Since embracing the Triple Bottom Line approach in 2012, our efforts were focused on building a sustainability integrated business to ensure value creation in all spheres of sustainability.

Our Reach

AFC consists of 86+ fully-fledged branches around the country, which are fully equipped to serve the needs of customers.

Our Sustainability Initiatives

AFC Thuru Mithuru (One Million Trees for Unity)

  • ‘Maga Depasa Thuru Sevana’ RDA
  • RDA green express way tree planting project
  • “100,000 trees from Dondra Head to Point Pedro”
  • Native trees to the Hill country with WWCT
  • Tree planting program under ‘Branch Sustainability Projects’
  • Thimbirigasyaya Divisional Secretariat under the program of ‘Haritha Saviya’

Hill Country Leopard Conservation Project

Branch Sustainability Projects

Product Range

The Company offers a range of products & services to the customers including leasing, term loan, gold loan, speed cash, savings & deposits. We also carry out vehicle trade-in services and Ezy drive vehicle fleet services under our Commercial Division.

We Serve

Serve a wide spectrum of over 100,000 customers, individuals, micro-entrepreneurs and small and medium enterprises in Sri Lanka.

Financial Year Performance 2023/2024

Giving coins from a hand to another hand

917

Profit After Tax (LKR)
A graph showing a gradual increase

15.17

Total Assets Growth
Credit quality

9.38

Credit Quality (NPL)
Deposit Base

28

Deposit Base (LKR)
ROE

12.15

ROE (PAT)

Performance Highlights

  • Credit Quality: Well managed portfolio
  • Deposit Base: Grew by 39%

9 Months Performance 2022/23

Giving coins from a hand to another hand

252

Profit After Tax (LKR)
A graph showing a gradual increase

0.44

Total Assets Growth
Credit quality

18.36

Credit Quality (NPL 90 Days)
Deposit Base

19

Deposit Base (LKR)
ROE

0.69

ROE (PAT)
EPS

10

EPS (Annualised)

3 Months Performance 2022/23

Giving coins from a hand to another hand

52

Profit After Tax (LKR)
A graph showing a gradual increase

1.3

Q1 Portfolio Growth
Credit quality

4.87

Credit Quality (NPL 180 Days)
Deposit Base

17.9

Deposit Base (LKR)
ROE

3.4

ROE (PAT)
EPS

6.74

EPS (Annualised)

Performance Highlights

  • Profit After Tax: 105% increased over the corresponding period.
  • Q1 Portfolio Growth: Portfolio increased up to LKR 40.8 Bn from LKR 40.3 Bn.
  • Credit Quality: Well managed portfolio
  • Deposit Base: Grew by 22%

Financial Reports

Annual Reports

2023/24

View Report

2022/23

View Report

2021/22

View Report

2020/21

View Report

2019/20

View Report

2018/19

View Report

2017/18

View Report

Interim Reports

30th June 2024
Financial Statements for the Three Months Ended

31st March 2024
Financial Statements for the Year Ended

31st December 2023
Financial Statements for the Nine Months Ended

30th September 2023
Financial Statements for the Six Months Ended

30th June 2023
Financial Statements for The Three Months Ended

31st March 2023
Financial Statements for The Year Ended

31st December 2022
Financial Statements for The Nine Months Ended

30th September 2022
Financial Statements for The Six Months Ended

30th June 2022
Financial Statements for The Three Months Ended

31st March 2022
Financial Statements for The Year Ended

31st December 2021
Financial Statements for The Nine Months Ended

30th September 2021
Financial Statements for The Six Months Ended

30th June 2021
Financial Statements for The Three Months Ended

Key Fact Documents

Key Facts Document
Aug 2023

Key Facts Document

Key Facts Document
Sinhala

Key Facts Document
Tamil

Key Facts Document – FD Savings
Sinhala

Key Facts Document – FD Savings
Tamil

Key Facts Document – FD Savings
English

Financial Information and Key Performance Indicators

Apr-Sep 2024
Financial Statement

FY 2023/24
Financial Statement

Apr-Sep 2023
Financial Statement

FY 2022/23
Financial Statement

Q2 Apr to Sep’22
Financial Statement

FY 2021/22
Financial Statement

FY 2020/21
Financial Statement

FY 2019/20
Financial Statement

FY 2018/19
Financial Statement

FY 2017/18
Financial Statement

Credit Rating Reports

2024
Rating Rationale

2023
Rating Rationale

2021
Rating Rationale

2019
Rating Rationale

Applications

FD English Application

Hapannu English Application

Policies

In accordance with Section 9 of the Listing Rules of the Colombo Stock Exchange on Corporate Governance, we disclose the existence of the below policies by the Company.

  • Terms of Reference of Board of Directors
  • Policy on Board Committees
  • Policy on Corporate Governance, Nominations and Re-election
  • Policy on Remuneration
  • Policy on Internal Code of Business Conduct and Ethics for all Directors and employees
  • Policy on Trading in the Entity’s Listed Securities
  • Policy on Risk Management
  • Policy on Internal Controls
  • Policy on Relations with Shareholders and Investors
  • Policy on Environmental, Social and Governance Sustainability
  • Policy on Control and Management of Company Assets and Shareholder Investments
  • Policy on Corporate Disclosures
  • Policy on Whistleblowing
  • Policy on Anti-Bribery and Corruption

Investor Relations

Ms. Dorothy Arputharaj

The Company Secretary,
Alliance Finance Company PLC
Alliance House,
No. 84, Ward Place,
Colombo 7.

Alliance finance logo and the Colombo stock Exchange logo

Stock Exchange Announcements