LB Finance PLC 2022 AR2
The report highlights L B Finance PLC's performance for the 2021/22 fiscal year, during which the company achieved its highest-ever profit after tax of Rs. 8.66 billion, representing a 27.33% growth. The company expanded its physical footprint by opening 12 new branches, bringing its total network to 181 branches. L B Finance also made significant strides in digital transformation, with its LB CIM wallet app surpassing 100,000 downloads and the launch of a fully automated digital credit approval system. Additionally, the company acquired a 64.63% controlling stake in Multi Finance PLC to drive inorganic growth.
Company: LB Finance PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2022
Type: AR2
Pages: 550
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LB Finance PLC
Annual Report
The report highlights L B Finance PLC's performance for the 2021/22 fiscal year, during which the company achieved its highest-ever profit after tax of Rs. 8.66 billion, representing a 27.33% growth. The company expanded its physical footprint by opening 12 new branches, bringing its total network to 181 branches. L B Finance also made significant strides in digital transformation, with its LB CIM wallet app surpassing 100,000 downloads and the launch of a fully automated digital credit approval system. Additionally, the company acquired a 64.63% controlling stake in Multi Finance PLC to drive inorganic growth.
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Document Details
Report Year
2022
Reporting Period
Apr 1, 2021 - Mar 31, 2022
Fiscal Year
2022
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
Emissions
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Energy Consumption
Water Consumption
Women on Board
Women in Management
Employees