Commercial Credit & Finance

What Commercial Credit & Finance does

Commercial Credit & Finance PLC is a Sri Lankan licensed finance company incorporated on 4 October 1982 in Kandy, regulated by the Central Bank of Sri Lanka under the Finance Business Act No.42 of 2011 and listed on the Colombo Stock Exchange (Dirisavi Board) under ticker COCR since 1 June 2011. The company provides a diversified suite of lending and deposit products to individual consumers and small businesses across Sri Lanka, including vehicle leasing and loans, gold loans, microfinance (with a women-entrepreneur focus), SME loans, consumer loans, educational loans, revolving business loans with doorstep collection, and fixed deposits. Its primary operating technology is an in-house Management Information System (MIS), supplemented by a 133-branch physical network and 130 dedicated gold-loan centers, with multi-language (English/Sinhala/Tamil) website and social media channels supporting customer engagement. The company holds a BBB+ (Stable) rating from Lanka Rating Agency.

The business model is interest-driven: revenue is generated from interest income across the lending book (vehicle leasing, gold loans, microfinance, SME loans, consumer loans, revolving business loans, educational loans) and from spread on fixed deposits, with all products governed by Central Bank-mandated rate ceilings and disclosures. Go-to-market is branch-led direct-to-consumer, with cross-sell from microfinance to SME and consumer loans creating an internal customer-graduation pipeline; pricing is standardized by product and tenor, with senior-citizen deposit bonuses and doorstep collection for revolving business loans as differentiating service elements. The company reports serving 5M+ customers over its 30+ year operating history and is led by the Egodage family (Chairman G.B. Egodage, CEO R.S. Egodage, Executive Director G.R. Egodage), with a 2020 amalgamation of Trade Finance and Investments PLC extending its scale and a 2023 PEYA-KING Cash launch extending its product surface.

Name

Commercial Credit & Finance

Legal name

Commercial Credit & Finance PLC

Website

https://cclk.lk

Company type

Public

Founded year

1982

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Commercial Credit & Finance PLC is a Sri Lanka-licensed, Colombo Stock Exchange-listed finance company providing vehicle leasing, gold loans, microfinance, SME loans, and fixed deposits to individual consumers and small businesses through 133+ branches.

Ownership category

akta.pro rank

Product category

Consumer Finance

NAICS

Nondepository Credit Intermediation (5222), Other Nondepository Credit Intermediation (52229), Credit Intermediation and Related Activities (522)

SIC

Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), SME Trade Finance & Working Capital (LCs, Guarantees, Receivables) (FSABABAF)

Keywords

• Vehicle leasing
• Microfinance lending
• Gold loan services
• Fixed deposits
• Consumer finance

Headquarters

HQ city

Kandy

HQ country

Sri Lanka

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Interest Income from Lending: The company generates revenue primarily through interest income from various loan products including vehicle leasing, gold loans, educational loans, microfinance loans, SME loans, consumer loans, and revolving business loans. Interest rates vary by product type and tenure.
2. Fixed Deposit Interest: The company accepts fixed deposits from customers and pays interest, operating as a licensed finance company under the Central Bank of Sri Lanka. Deposits are insured under the Sri Lanka Deposit Insurance Scheme up to Rs. 1,100,000 per depositor.
3. Vehicle Leasing and Loan Processing: Revenue from vehicle leasing and auto loan facilities, including processing fees and interest charges on motor vehicles, three-wheelers, and motorbikes.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Commercial Credit & Finance PLC is a licensed non-bank finance company in Sri Lanka that provides retail lending and deposit products to individual consumers and small businesses. Its core offerings include vehicle leasing and vehicle loans, gold-backed loans, microfinance for women entrepreneurs, SME and consumer loans, revolving working capital loans for small businesses, educational loans, and insured fixed deposits. Services are delivered primarily through an island-wide network of 133+ branches and 130 gold loan centers, with revenue generated mainly through interest income.

Product overview

Commercial Credit and Finance PLC offers a comprehensive suite of financial products and services targeting individuals and businesses in Sri Lanka. The company operates as a diversified financial services provider with products organized across five main categories: Deposits (Fixed Deposit), Vehicle Leasing & Loans (Vehicle Loan, PEYA-KING Cash, Vehicle Leasing), Loans (Educational Loans, Gold Loan), Microfinance (Micro Loan, SME Loan, Consumer Loan), and Revolving Business Loan. The company serves over 5 million customers through 130+ branch locations island-wide, positioning itself as a trusted finance company with competitive interest rates, flexible repayment options, and customized loan products.

Differentiator

Problem solved

Functional benefit

Brands

• PEYA-KING Cash: A financial product that enables customers to borrow cash against vehicles in their possession without requiring further security. Cash is released within one hour.
• Commercial Credit Academy

Products and services

• Fixed Deposit
• Vehicle Loan
• PEYA-KING Cash
• Vehicle Leasing
• Educational Loans
• Gold Loan
• Micro Loan
• SME Loan
• Consumer Loan
• Revolving Business Loan

Quantifiable outcome

• Over 5 million customers served over 30 years
• +3 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Trade Finance and Investments PLCmajorStrategic or Co-development Partner · 9 November 2020Trade Finance and Investments PLC (PB 445 PQ) underwent amalgamation with Commercial Credit and Finance PLC (PB 269 PQ) in terms of Section 239 of the Companies Act No. 7 of 2007. Commercial Credit and Finance PLC survived as the amalgamated company. The amalgamation was approved by shareholders at an extraordinary general meeting on 9th November 2020 and took effect from 31st December 2020.

Scale indicators5 records

Recent moves12 records

Expansion highlights5 records

Direct peers

• Central Finance PLC: Established Sri Lankan licensed finance company with a long operating history in vehicle financing, hire purchase, and deposits. Direct comparable in customer segments and product breadth, though slightly more concentrated in auto financing.
• People's Leasing & Finance PLC: One of Sri Lanka's largest NBFCs offering leasing, hire purchase, microfinance, gold loans, and deposits. Closest scale and product-mix comparable to CCPLC, with similar island-wide branch footprint and customer base.
• LOLC Finance PLC: Sri Lankan finance company with diversified lending including microfinance, SME, vehicle, and gold loans plus deposits. Similar island-wide model and comparable customer targeting, with broader microfinance scale than CCPLC.
• Softlogic Finance PLC: Sri Lankan NBFC offering leasing, hire purchase, gold loans, microfinance, and deposits. Direct comparable in product mix with similar Central Bank licensing and island-wide branch operations.
• HNB Finance PLC: Subsidiary of Hatton National Bank providing leasing, housing, gold loans, and SME lending. Comparable in product breadth with the added backing of a major commercial bank parent, competing for similar customer segments.
• Lanka ORIX Leasing Company PLC: Sri Lankan licensed finance company focused on leasing, hire purchase, and microfinance. Direct competitor to CCPLC in vehicle leasing, gold loans, and SME lending with similar branch-led distribution and Central Bank oversight.
• SENKADAGALA FINANCE PLC: Sri Lankan licensed finance company providing leasing, gold loans, microfinance, and fixed deposits. Comparable mid-tier NBFC competing in the same retail and SME segments across Sri Lanka.

Broad incumbents

• Seylan Bank PLC: Major Sri Lankan commercial bank with personal, SME, and vehicle financing products. Competes with CCPLC for retail depositors and SME/vehicle borrowers, though broader product portfolio and larger balance sheet.
• DFCC Bank PLC: Long-established Sri Lankan development bank offering SME lending, leasing, and retail credit. Larger and more diversified than CCPLC but overlapping in vehicle leasing and SME working capital products.

Regional players

• National Savings Bank (Sri Lanka): State-owned Sri Lankan savings institution offering deposits and personal lending at large scale. Competes with CCPLC for retail deposits and provides a benchmark for government-backed deposit competition in the same domestic market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@commercialcredit
• Facebookfacebook.com/commercialcreditandfinanceplc
• LinkedInlinkedin.com/company/commercial-credit-limited
• Instagraminstagram.com/commercialcredit_

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Commercial Credit & Finance