About us

Associated Motor Finance Company PLC. is a government recognized Financial Institution registered with the Monetary Board of Central Bank of Sri Lanka under the Finance Companies Act, No.78 of 1988.
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Vision


To be renowned among all our stakeholders as a preeminent financial institution and maximize and sustain a rate of return well above the industry level on all investments made by our stakeholders.

Mission


To be the premier provider of superior financial solutions and innovations in leasing solutions to all our customer segments,through committed and quality services, and provide assistance to allow them the ability to realise their financial needs.
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History


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Founded by Late Mr. J.P.I. Piyadasa, AMF was established in 25th July 1962 under Companies Ordinance, No.51 of 1938 and subsequently re-registered under the Companies Act, No.07 of 2007. He was a visionary and a versatile businessman during the era of 1960 & 1980, when Sri Lanka pursued a policy of closed economy. He was a prominent and influential personality in business and engaged in diverse business activities that involve the use and promotion of locally based raw materials and finished products. After the demise of the founder in 1995, Mr. J.P.I. Nalatha Dayawansa succeeded to the position of the company’s Chairman & Managing Director owing to his immense exposure to the finance industry. Over the past years, the company was able to overcome constraints successfully in the midst of challenging economic conditions during the war and achieve many significant milestones at crucial junctures.  Recording the highest ever profit and the deposit growth in the history of the company are a few to name. The company predominantly concentrates on providing Leasing and Hire Purchase facilities for unregistered and registered Motor Cycles and Three Wheelers. Although this segment is considered to be high risk by the peers, AMF has been able to handle this segment very effectively, with the financials of AMF bearing testimony to this effect. In addition the company has been a Financial institution registered with the Monetary board of Central bank of Sri Lanka under the Finance Companies Act, No.78 of 1988. The absence of a branch network has never been an impediment to the business activities of AMF. The Company has effectively made use of the existing infrastructure, facilities of suppliers & bankers for the betterment of the Company i.e. the use of suppliers Island wide, dealer based networks to enable potential customers  new leases and the facilities allowing AMF customers to pay their monthly instalments from any part of the Island to any Commercial Bank, thereby expanding the lease portfolio and improving the recovery effort of AMF simultaneously. [The absence of a branch network has never been an impediment to the business activities of AMF. The Company has effectively made use of the existing infrastructure, facilities of suppliers & bankers for the betterment of the Company i.e. the use of suppliers Island wide, dealer based networks to enable potential customers  new leases and the facilities allowing AMF customers to pay their monthly instalments from any part of the Island to any Commercial Bank, thereby expanding the lease portfolio and improving the recovery effort of AMF simultaneously.

Our Core values


Customers

Our passion is to serve our niche markets to the best of our ability providing them with trusted and steadfast services that will allow them to fulfill their financial goals.

Deposit holders

We are committed to provide our deposit services at the highest return for their investments, with in the regulator’s guide lines, whilst ensuring the security of their investments.

Shareholders

We are committed to manage all aspects of our business affairs prudently to ensure the highest, sustainable returns on investments and thereby building shareholder’s values at a rate above the industry level, upholding shareholders confidence towards our operations.

Employees

To build a culture that promotes team work and empowers employees at all levels to take prudent initiatives and to make positive changes for the continuous improvement of the quality of our business operations.


ABOUT US

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Associated Motor Finance Company PLC. is a government recognized Financial Institution registered with the Monetary Board of Central Bank of Sri Lanka under the Finance Companies Act, No.78 of 1988.