Who are we?
The Finance Houses Association of Sri Lanka’ (FHA) is the successor to the pioneering ‘The Ceylon Hire purchase & Finance Association’ formed in 1958. The association was formed to discuss the emerging problems in an unregulated environment that the deposit taking and lending companies operated that created a breeding ground for some of the Sri Lankan finance companies the adopt fraudulent and unethical practices; with total impunity.
The founding fathers, Messrs. F Harper & G.H. Montgomery (United Motor), A.C.Walker (Transport & General), Cyril .E. Perera (The Finance), Hayward Fernando (Alliance Finance), & Eardley de Silva (Arpico Finance) met at the Ceylon Chamber of Commerce to discuss the emerging problems in the finance industry. They formalized the group into an association under the name of ‘The Ceylon Hire purchase & Finance Association’ on 27th May 1958. Many Finance Companies opted not to join.
