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Arpico Finance Company PLC yesterday announced five new appointments to the company’s director board in furtherance of its merger with Associated Motor Finance Company PLC, under Central Bank of Sri Lanka’s (CBSL) plans for consolidation of the Non-Banking Financial Institutions (NBFI).New appointments to the Board of Directors are; J.P.I.N. Dayawansa – Executive Director, J.P.I.S. Dayawansa – Executive Director, T.M.A. Sallay – Executive Director, Dr. L.R. Karunarathna – Independent Non-Executive Director and K.D.L. Nanayakkara – Independent Non-Executive Director.


Arpico Finance Company PLC is t he second oldest finance company in Sri Lanka with a proven track record. Operating in the Sri Lanka’s competitive financial industry for the last 64 years, Arpico Finance Company PLC’s product portfolio also includes fixed deposits, vehicle leasing, business loans, personal loans and hire purchase.


Arpico Finance Company PLC is listed on the Colombo Stock Exchange and licensed by the Monetary Board of the Central Bank of Sri Lanka under the Finance Business Act No.42 of 2011.


The new Board of the Company with the new additions would be; Bri Ponnambalam – Chairman, Hafeez Rajudin - Managing Director, J.P.I.N. Dayawansa – Executive Director, J.P.I.S. Dayawansa – Executive Director, T.M.A. Sallay – Executive Director, RuviniWeerasinghe – Directress Legal, Lyle Peiris – Independent NonExecutive Director, Nilanka Pieris – Independent Non-Executive Director, Dr. L.R. Karunarathna – Independent Non-Executive Director and K.D.L. Nanayakkara – Independent Non-Executive Director