ISP Finance Services Ltd 2019 AR2
The report highlights ISP Finance Services Limited's financial and operational performance for the fiscal year 2019. Despite economic challenges and the onset of the COVID-19 pandemic, the company grew its gross loan portfolio by 16.8% to $786.6 million and increased interest income by 19.8% to $367.2 million. To manage potential credit risks under IFRS 9 guidelines, the company significantly increased its allowance for credit losses, which impacted net profit. Additionally, ISP continued to invest in technology, launching a new mobile application to enhance customer experience, and remained committed to staff development and corporate social responsibility initiatives.
Company: ISP Finance Services Ltd
Sector: Financials
Country: Jamaica
Year: 2019
Type: AR2
Pages: 82
ISP Finance Services Ltd
Annual Report
The report highlights ISP Finance Services Limited's financial and operational performance for the fiscal year 2019. Despite economic challenges and the onset of the COVID-19 pandemic, the company grew its gross loan portfolio by 16.8% to $786.6 million and increased interest income by 19.8% to $367.2 million. To manage potential credit risks under IFRS 9 guidelines, the company significantly increased its allowance for credit losses, which impacted net profit. Additionally, ISP continued to invest in technology, launching a new mobile application to enhance customer experience, and remained committed to staff development and corporate social responsibility initiatives.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees