IFS Capital Ltd 2022 AR2
The report highlights IFS Capital Limited's performance in FY2022, during which the company focused on rebuilding its loan book, growing it from S$110 million to S$195 million. Despite economic challenges, the factoring business remained resilient, though net interest income fell by 28.1% due to a low starting loan base. The company made progress in its insurance business, with ECICS growing total gross written premiums by 52%. Additionally, IFS Capital advanced its digitalisation roadmap, launched a specialized Electric Vehicle insurance program, and continued its community support initiatives.
Company: IFS Capital Ltd
Sector: Financials
Country: Singapore
Year: 2022
Type: AR2
Pages: 213
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IFS Capital Ltd
Annual Report
The report highlights IFS Capital Limited's performance in FY2022, during which the company focused on rebuilding its loan book, growing it from S$110 million to S$195 million. Despite economic challenges, the factoring business remained resilient, though net interest income fell by 28.1% due to a low starting loan base. The company made progress in its insurance business, with ECICS growing total gross written premiums by 52%. Additionally, IFS Capital advanced its digitalisation roadmap, launched a specialized Electric Vehicle insurance program, and continued its community support initiatives.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
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