Profit Before Tax up by 34% over previous year to record Rs. 2.67 Bn
Profit After Tax soars by 43% to reach Rs. 2.2 Bn
60,000 moratoriums granted to support customers
Gross Portfolio growth of 15%
Deposit growth of 32%
Provision cover of 107% over NPLs
In its most impressive performance yet, Commercial Leasing & Finance PLC (CLC) recorded its best-ever financial year despite the severe challenges arising from the COVID-19 global pandemic through the year, achieving a growth of 34% in Profit Before Tax over the previous year to record Rs. 2.67 Bn, while Profit After Tax rose by as much as 43% over the preceding year to reach Rs. 2.2 Bn. Meanwhile, Cost of funds decreased by as much as 23% to record Rs. 4,737 Mn in the year under review.