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lolc Finance tops the 'Most Valuable Consumer Brand' in the financial services sector – The Island island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.
LOLC Al-Falaah wins multiple golds at the slibfi-awards 2022 island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.
PBT of Rs. 2.4 Bn & PAT of Rs. 1.8 Bn Total Asset Base of Rs. 85 Bn; Loan portfolio amounted to Rs. 73 Bn NPL at 5.7% against industry average of 12.9% Further consolidating its achievements from the previous year of navigating the pandemic prudently while delivering a stellar year-end performance, Commercial Leasing & […] ....
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. ....