LankaBangla Finance PLC 2018 IR
The report highlights LankaBangla Finance Limited's performance for the fiscal year 2018, during which the company achieved a consolidated net profit after tax of BDT 444.44 million and standalone net profit of BDT 714.16 million. Despite a challenging year marked by liquidity tightening and a bearish capital market, the company strengthened its capital base by issuing rights shares and BDT 1,810 million in subordinated bonds, raising its consolidated capital adequacy ratio to 16.18%. Additionally, the company secured a USD 20 million Shariah-compliant Murabaha facility from the Islamic Corporation for the Development of the Private Sector. LankaBangla also expanded its retail and SME portfolios, which constituted 65.68% of its loan book, and opened two new branches.
Company: LankaBangla Finance PLC
Sector: Financials
Country: Bangladesh
Year: 2018
Type: IR
Pages: 381
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LankaBangla Finance PLC
Annual Integrated Report
The report highlights LankaBangla Finance Limited's performance for the fiscal year 2018, during which the company achieved a consolidated net profit after tax of BDT 444.44 million and standalone net profit of BDT 714.16 million. Despite a challenging year marked by liquidity tightening and a bearish capital market, the company strengthened its capital base by issuing rights shares and BDT 1,810 million in subordinated bonds, raising its consolidated capital adequacy ratio to 16.18%. Additionally, the company secured a USD 20 million Shariah-compliant Murabaha facility from the Islamic Corporation for the Development of the Private Sector. LankaBangla also expanded its retail and SME portfolios, which constituted 65.68% of its loan book, and opened two new branches.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees