LB Finance PLC 2020 AR2
The report highlights LB Finance PLC's performance for the fiscal year 2019/20, during which the company achieved its highest-ever profit after tax of Rs. 5.18 billion despite challenging macroeconomic conditions. The company expanded its island-wide footprint to 165 outlets and successfully launched the LB CIM digital wallet, registering 23,000 users within six months. On the environmental front, the company planted 34,853 trees under its "Thuru Wawamu" initiative and recycled 5,501 kg of paper. Additionally, the company maintained the industry's lowest non-performing loan ratio of 3.93% and was reaffirmed its A-(lka) credit rating by Fitch Ratings.
Company: LB Finance PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2020
Type: AR2
Pages: 296
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LB Finance PLC
Annual Report
The report highlights LB Finance PLC's performance for the fiscal year 2019/20, during which the company achieved its highest-ever profit after tax of Rs. 5.18 billion despite challenging macroeconomic conditions. The company expanded its island-wide footprint to 165 outlets and successfully launched the LB CIM digital wallet, registering 23,000 users within six months. On the environmental front, the company planted 34,853 trees under its "Thuru Wawamu" initiative and recycled 5,501 kg of paper. Additionally, the company maintained the industry's lowest non-performing loan ratio of 3.93% and was reaffirmed its A-(lka) credit rating by Fitch Ratings.
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Document Details
Report Year
2020
Reporting Period
Apr 1, 2019 - Mar 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
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