LB Finance PLC 2024 AR2
The report highlights LB Finance PLC's performance for the fiscal year 2023/24, achieving its highest-ever profit after tax of Rs. 9.56 billion and expanding its asset base to over Rs. 202 billion. The company demonstrated strong credit quality with a gross non-performing loan (NPL) ratio of 3.54% and maintained robust capital adequacy ratios well above regulatory requirements. Key sustainability initiatives included early adoption of SLFRS S1 and S2, expanding green lending to Rs. 5.06 billion, and operating 26 solar-powered hybrid branches. Additionally, the company continued its commitment to community development, investing Rs. 20.20 million in CSR projects.
Company: LB Finance PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2024
Type: AR2
Pages: 440
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LB Finance PLC
Annual Report
The report highlights LB Finance PLC's performance for the fiscal year 2023/24, achieving its highest-ever profit after tax of Rs. 9.56 billion and expanding its asset base to over Rs. 202 billion. The company demonstrated strong credit quality with a gross non-performing loan (NPL) ratio of 3.54% and maintained robust capital adequacy ratios well above regulatory requirements. Key sustainability initiatives included early adoption of SLFRS S1 and S2, expanding green lending to Rs. 5.06 billion, and operating 26 solar-powered hybrid branches. Additionally, the company continued its commitment to community development, investing Rs. 20.20 million in CSR projects.
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Document Details
Report Year
2024
Reporting Period
Apr 1, 2023 - Mar 31, 2024
Fiscal Year
2024
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
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Women on Board
Women in Management
Net Zero Target
Employees