Alliance Finance Co PLC 2017 AR2
The report outlines Alliance Finance Company PLC's financial and sustainability performance for the fiscal year 2016/17. The company achieved a record profit after tax of Rs. 649 million, representing a 55% year-on-year increase, driven by a 21% growth in its credit portfolio and improved asset quality. AFC successfully secured significant foreign funding lines from Triodos Bank and Symbiotics to support its inclusive growth strategy. On the sustainability front, the company continued its 'tree for a lease' initiative, planting 15,800 trees to date, and expanded its financing of hybrid and electric vehicles. Additionally, AFC empowered over 60,000 women through its group-based microfinance program and provided extensive training via its Entrepreneurial Development Services.
Company: Alliance Finance Co PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2017
Type: AR2
Pages: 272
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Alliance Finance Co PLC
Annual Report
The report outlines Alliance Finance Company PLC's financial and sustainability performance for the fiscal year 2016/17. The company achieved a record profit after tax of Rs. 649 million, representing a 55% year-on-year increase, driven by a 21% growth in its credit portfolio and improved asset quality. AFC successfully secured significant foreign funding lines from Triodos Bank and Symbiotics to support its inclusive growth strategy. On the sustainability front, the company continued its 'tree for a lease' initiative, planting 15,800 trees to date, and expanded its financing of hybrid and electric vehicles. Additionally, AFC empowered over 60,000 women through its group-based microfinance program and provided extensive training via its Entrepreneurial Development Services.
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Document Details
Report Year
2017
Reporting Period
Apr 1, 2016 - Mar 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Water Consumption
Women on Board
Employees