Banks & Finance · Finance/Rental/Leasing
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2025 | Rs 3.3B | Rs 750.1M | 6.62 |
| 2024 | Rs 2.3B | Rs 318.3M | 2.81 |
| 2023 | Rs 1.8B | Rs 200.5M | 1.77 |
| 2022 | Rs 1.1B | Rs 299.5M | 2.86 |
| 2021 | Rs 1.4B | Rs 6.3M | 0.99 |
| 2020 | Rs 1.8B | Rs -144.5M | -23.97 |
| 2019 | Rs 2.5B | Rs 469.1M | 79.68 |
Associated Motor Finance Company PLC (AMF) is a Colombo Stock Exchange listed non-bank financial institution in Sri Lanka that provides a range of retail and commercial financing products and deposit services under the regulation of the Central Bank of Sri Lanka. Its product mix includes leasing and hire-purchase, personal loans, vehicle loans, business loans, time and savings deposits and Islamic finance. AMF operates a dealer-embedded origination model-originally branchless-where a large share of lending, particularly two- and three-wheeler financing, is originated through partnerships with vehicle dealers; following the 2021 amalgamation with Arpico Finance Company PLC the group also maintains a modest physical branch network. The company emphasizes customer-centric, inclusive lending targeted at underserved and semi-urban/rural segments. The business highlights governance, risk management, digital transformation and ESG integration as core priorities, focusing on disciplined growth, operational efficiency and financial resilience while supporting financial inclusion and mobility across Sri Lanka.
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Minority shareholders of Associated Motor Finance (AMF.N0000) say the proposed amalgamation with L B Finance (LFIN.N0000) undervalues AMF and have asked the SEC and CSE to review the Rs.55 per-share cash consideration; CBSL said pricing is outside its remit.
Associated Motor Finance (AMF) will amalgamate with parent L B Finance (LFIN) effective 31 July; AMF shares will be suspended after market close on 27 July and AMF minority shareholders will receive Rs.55 per share. LB Finance will absorb AMF's business and cancel the shares it holds.
Associated Motor Finance Company PLC will amalgamate with L B Finance PLC effective July 31, 2026, with AMF shares suspended after trading on July 27. L B Finance made a voluntary offer in Oct 2025 to buy 113,327,268 AMF shares at Rs.50 (100% of issued capital).
LB Finance PLC will merge with its subsidiary Associated Motor Finance Company PLC; AMF shareholders (except LB) will be paid Rs.55 per AMF share in cash. The CBSL has approved the amalgamation, and shareholder approvals at EGMs are required; LB's 73% stake will be cancelled on completion.
Regulatory tightening dominated banks/finance as Cabinet named the SEC to regulate virtual asset service providers within a CBSL/FIU/IRD framework and approved a 2026-2030 national AML policy. The FIU flagged long-running trade-based money laundering via phantom imports, after probes found about $715m in fraudulent remittances. CBSL kept LTV caps on vehicle and gold loans. Services PMI signaled June expansion led by financial services.
Auto-generated from 17 sector news articles over 30 days. Not investment advice. 2 more stories on the sentiment page.