Peoples Leasing and Financial Services Limited (PLFSL) a leasing and financing company registered in Bangladesh as a public limited company under the companies act 1994 and as a Non-bank Financial Institution under the Financial Institutions Act 1993 with license from the bangladesh bank to transact all kinds of leasing and financing businesses. The company obtained certificate of commencement on 26 August 1996 and started business operations in 1999 with an authorised and a paid up capital of Tk 500 million and Tk 40.60 million respectively divided into shares of Tk 100 each. On 30 June 2000, the paid up capital was Tk 41.86 million.

The company assists industrial and other productive sectors through investment in sustainable projects in the form of lease and other long-term finance. It participates in the capital market by investing in shares and debentures, acting as issue, fund and portfolio manager, providing bridge and syndicated loans, and underwriting public issue of shares and debentures. Corporate finance and consumers' credit financing are also included in the functions of the company.

The company provides lease financing for machinery and equipment of large and medium scale industries, marine vessels and equipment, generators and boilers, lifts/elevators, ice plants, air conditioners, vehicles of all types for use in industrial or commercial purposes, medical instruments, light and heavy agricultural equipment, computer hardware and software, and some durable consumer items.

On 30 June 2000, the assets of the company were valued at Tk 43.49 million. Total operating incomes and expenditures of the company in 2000 were Tk 3.40 million and Tk 4.10 million respectively.

The company operates through its main office in Dhaka and until the end of 2001, it had no branch. It had a total of 13 employees, including 9 executives, lead by the managing director, who is the member secretary of its board of directors. [S M Mahfuzur Rahman]