Merchant Bank of Sri Lanka & Finance PLC 2013 AR2
The report highlights Merchant Bank of Sri Lanka PLC's performance for the fiscal year 2013, emphasizing its resilience despite a challenging local leasing market. Key achievements include a 15% income contribution from the 16 branches established during its 2012 expansion drive, with nine of them reaching break-even by the end of 2013. The company expanded its micro-credit program, 'Siyath Saviya,' catering to 6,858 clients and distributing Rs. 318 million to support the rural economy. Additionally, the Corporate Advisory and Capital Markets division successfully raised over Rs. 6 billion through five debenture issues. The report also outlines strategic plans for a consolidation merger with MBSL Savings Bank Ltd and MCSL Financial Services Ltd to establish a larger, more stable financial entity.
Company: Merchant Bank of Sri Lanka & Finance PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2013
Type: AR2
Pages: 248
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Merchant Bank of Sri Lanka & Finance PLC
Annual Report
The report highlights Merchant Bank of Sri Lanka PLC's performance for the fiscal year 2013, emphasizing its resilience despite a challenging local leasing market. Key achievements include a 15% income contribution from the 16 branches established during its 2012 expansion drive, with nine of them reaching break-even by the end of 2013. The company expanded its micro-credit program, 'Siyath Saviya,' catering to 6,858 clients and distributing Rs. 318 million to support the rural economy. Additionally, the Corporate Advisory and Capital Markets division successfully raised over Rs. 6 billion through five debenture issues. The report also outlines strategic plans for a consolidation merger with MBSL Savings Bank Ltd and MCSL Financial Services Ltd to establish a larger, more stable financial entity.
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Document Details
Report Year
2013
Reporting Period
Jan 1, 2013 - Dec 31, 2013
Fiscal Year
2013
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