Merchant Bank of Sri Lanka & Finance PLC 2016 IR
The report highlights Merchant Bank of Sri Lanka & Finance PLC's (MBSL) performance for the fiscal year 2016, marking a significant turnaround with a profit before tax of Rs. 246.8 million. The company successfully diversified its lending portfolio, reducing its reliance on leasing while expanding into corporate and retail credit, microfinance, and gold loans. MBSL also made substantial investments in its digital infrastructure, preparing for the launch of a new Core Banking System. Additionally, the company demonstrated its commitment to sustainability through its 'Siyath Saviya' microfinance initiative, empowering rural entrepreneurs, and implementing resource conservation measures.
Company: Merchant Bank of Sri Lanka & Finance PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2016
Type: IR
Pages: 284
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Merchant Bank of Sri Lanka & Finance PLC
Annual Report
The report highlights Merchant Bank of Sri Lanka & Finance PLC's (MBSL) performance for the fiscal year 2016, marking a significant turnaround with a profit before tax of Rs. 246.8 million. The company successfully diversified its lending portfolio, reducing its reliance on leasing while expanding into corporate and retail credit, microfinance, and gold loans. MBSL also made substantial investments in its digital infrastructure, preparing for the launch of a new Core Banking System. Additionally, the company demonstrated its commitment to sustainability through its 'Siyath Saviya' microfinance initiative, empowering rural entrepreneurs, and implementing resource conservation measures.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
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
Energy Consumption
Water Consumption
Women on Board
Women in Management
Employees