AMF merges with Arpico Finance Company | Daily News

AMF merges with Arpico Finance Company

Two of Sri Lanka’s oldest and most respected financial companies, Associated Motor Finance Company PLC (AMF) and Arpico Finance Company PLC (AFC) joined strengths officially at the Colombo Stock Exchange (CSE) on April 1, 2021. Months-long process for this landmark merger was officially completed in full compliance with the protocols. The merged entity will forge ahead as AMF, with the combined strengths of the two companies and a clear vision to rise high in Sri Lanka’s financial services industry.

Speaking of this groundbreaking merger TMA Sallay, Director/CEO, AMF had this to say. “We mark this historic occasion with great pride. The merger of capabilities, strengths and expertise of two esteemed finance institutes into one as AMF, gives us tremendous potential for the future. This also marks the opening of a new grand chapter for the valued stakeholders of both organizations whose best interest is always at our heart. Together, working as one passionate and dedicated team, we intend to revolutionize the finance industry through a progressive mix of products and services that always puts the interest of the customer first.”

Both AMF and Arpico Finance being among the few oldest financial institutions in the country, each organization brings a unique portfolio of strengths, expertise and professionals to the table, allowing the new entity to shape a truly diverse organization. ‘‘This gives AMF an edge over the competition and places the company in an advantageous position with a wider product portfolio, serving a wider clientele’’ TMA Sallay, Director/CEO, AMF further stated.

With a clear vision and definite plans, AMF has also invested in advanced IT systems among other things to empower the field force and to infuse greater efficiency. The company has made a concerted effort to partner fin-tech companies and technologies that design disruptive and path-breaking technologies that truly enhance convenience of customers. With everything in place, AMF is now ready to emerge as the new force in the finance sector of Sri Lanka.