A Public Limited Liability Company incorporated in Sri Lanka. The company is a well established finance company with a operating history of around 40 years.
Financial Highlights
Year ended 31 March (SL Rs. Millions) 1997
1996
Revenues 318
249
Net Profit 10
18
EPS- Rs. 6.09
11.33
Total Assets 512
409
Total Debt 428
330
Total Equity 84
79
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Incorporated on 29th October 1991. A Public Limited Liability Company incorporated in Sri Lanka. Asia Capital is an investment bank that specialises in securities trading and investments.
- SUBSIDIARIES
- Asia Securities (Pvt.) Limited
- Asia Fort Asset Management (Pvt.) Limited
- Asia Growth Fund (Pvt.) Limited
- Asia Fort Sri Lanka Direct Investment Fund Limited
- Financial Highlights
Year ended 31 March (SL Rs. Millions) 1996
1995
Revenues 110.69
107.11
Net Profit -286.84
1.69
Total Assets 1,203.28
1,144.16
Total Debt 0
0
Total Equity 1,203.28
1,144.16
|
- Mission
- Our overriding mission is to perform a focussed role in the capital market by investing in private-sector enterprises to forge value-added partnerships through strategic management for achieving sustainable viability, and, exit from our investments with a return acceptable to our shareholders,
- Core Activities and Values
- CDIC remains committed to sustain the leadership in the core activities of venture-capital investing through equity and quasi-equity financial products, creative financial engineering and corporate counseling whilst prudently managing its listed portfolio to sustain a liquidity zone,
Financial Highlights
Year ended 31 March (SL Rs. Millions) 1996
1995
Revenues 74.13
65.10
Net Profit 46.73
46.33
Total Assets 557.17
543.18
Total Debt 43.01
51.25
Total Equity 514.16
491.93
Visit CDIC Web Page
Incorporated on December 5 1957, Central Finance is the largest private sector finance company in Sri Lanka. Over the years, the company has diversified in to number of sectors. Quoted on the CSE in 1969.
- Mission
- To be a leading Company in the financial services sector and to help our customers grow and prosper by utilizing our special skills, and range of financial products and services. We will carry out our tasks with utmost responsibility and in keeping with national objectives, whilst providing total satisfaction to our shareholders.
SUBSIDIARIES AND ASSOCIATES
- Central Industries Ltd. - Incorporated in 1984. - Principal Activity Manufacture of PVC pipes and fittings.
- Central Securities Ltd. - Incorporated in 1985 - Investment Company trading in quoted company shares
- Central Developments Ltd.- Incorporated in 1974 - An Investment Company investing in quoted and unquoted companies,
- Central Concrete Industries Ltd. Incorporated in 1965 - Manufacture of reinforced concrete products and agent for distribution of Mahaweli Marine Cement.
- Dehigama Hotels Company Ltd. Incorporated in 1973 - Renting of office space
- Expanded Plastic Products Ltd. Incorporated in 1978 - Trading in plastic products and allied raw materials
- Central Mineral Industries (Pvt.) Ltd. Incorporated in 1990 - Manufacture of mineral products
- Central Transport Travels Ltd. Incorporated in 1990 - Hire of vehicles
- Central Construction & Development (Pvt.) Ltd. Incorporated in 1983 - Manufacture of reinforced concrete products
- Central Homes (Pvt.) Ltd. Incorporated in 1987 - Real Estate Development
- CF Growth Fund Ltd. Incorporated in 1992 -An Investment Company investing in quoted and unquoted companies
- CF Venture Fund Ltd. Incorporated in 1993 - Venture Capital Investments
- Kandy Private Hospitals Ltd. Incorporated in 1967 - Provision of medical services
Financial Highlights
Year ended 31 March (SL Rs. Millions) 1996
1995
Revenues 4,545
3,882
Net Profit 118
148
Total Assets 5,645
4,858
Total Debt 4,564
3,900
Total Equity 1,081
958
Visit Central Finance Web Page
Mission
Our mission is to provide protection and financial security of the highest quality to society, whilst adding to shareholders’ wealth and recognizing, rewarding and valuing the dignity of our staff.
- Corporate Goals
- To provide an attractive return on investment to the shareholders whilst retaining adequate funds for growth and to achieve a high degree of stability which would enable us to hold true to our mission in all business conditions. To be a leading provider of protection and financial security in Sri Lanka and selected international markets. To develop highly satisfied and motivated employees at all levels, who will contribute effectively and efficiently, towards the achievement of overall objectives of the Company. To contribute to the economic development of Sri Lanka and enhance the quality of life of its people.
Financial Highlights
Year ended 31 December (SL Rs. Millions) Shareholders
Long Term 1996
1995
1996
1995
Gross Written Premiums 1,063 910 Net Profit 53 51 NA
NA
EPS -Rs. 6.31 6.11 NA
NA
Total Assets 1,396 994 1,219 853 Total Debt 1,020 659 187 187 Total Equity 376 335 1,032 666
Visit Ceylinco Web Page
Public Limited Liability incorporated in 1987 and quoted on the Colombo Stock Exchange in 1994. Majority of the shares are held by the Ceylinco Group.
- Mission
- TO PROVIDE lNNOVATIVE INVESTMENT BANKING SERVICES IN AN EFFICIENT, PROFESSIONAL AND ETHICAL MANNER THEREBY CREATING WEALTH lN SOCIETY AND ENTREPRENEURSHIP.
- Corporate Goals
TO BE A LEADER IN THE PROVISION OF A WIDE RANGE OF FINANCIAL PRODUCTS AND SERVICES IN SRI LANKA AND OVEIRSEAS.TO DEVELOP AND RETAIN A HIGHLY MOTIVATED TEAM OF EMPLOYEES WHO RECOGNISE THE ETHICAL AND PROFESSIONAL STANDARDS OF A DEMANDING FINANCIAL SERVICE SECTOR.
TO PROVIDE A STEADY AND CONSISTENT RETURN TO THE SHAREHOLDERS WHILST RETAINING ADEQUATE RESOURCES FOR FUTURE GROWTH
TO CONTRIBUTE TO WARDS ECONOMIC GROWTH OF OUR COUNTRY.
Financial Highlights
Year ended 31 March (SL Rs. Millions) 1997
1996
Revenues 255 164 Net Profit 40 11 EPS - Rs. 1.63 0.80 Total Assets 1,175 771 Total Debt 749 372 Total Equity 426 399
Visit Ceylinco Securities Web Page
A Public Limited Liability Company incorporated in 1992 and quoted on the Colombo Stock Exchange in 1994.
- Mission
- CF Venture Fund Limited shares risks with and assists Technology Managers in the development of their products, processes and organization. To achieve this end the Company will :
- Provide equity investment and supporl for small and midsized companies with strong technology managers, and significant growth possibilities ; but lack financial and organizational strength to develop further without assistance ;
- Coinvest and facilitate technology managers in the purchase of midsized companies
- Provide equity investment and mezzanine financing of small and midsized companies that have successfully embarked on a period or rapid growth ;
- Provide value-added services through hands–on involvement in strategic planning, financial management, MIS development and other support to the investee companies.
Financial Highlights
Year ended 31 March (SL Rs. Millions) 1997
1996
Revenues 4 1 Net Profit 6 7 EPS - Rs 0.43 0.49 Total Assets 214 221 Total Debt 9 15 Total Equity 205 206
Visit CF Ventures Web Page
A public limited liability company incorporated on 25th June 1969 and quoted on the Colombo Stock Exchange in March 1970. Company is one of the premier Commercial Banks in the country with an extensive branch network.
Vision
To become the leader in providing excellent banking and financial services in Sri Lanka.
Mission
To become the most customer focussed and financially sound bank in Sri Lanka, fulfilling the shareholder and staff aspirations whilst contributing to the national economy.
A public limited liability company incorporated on 22nd April 1988 and quoted on the Colombo Stock Exchange in 1992. Major shareholders: Commercial Bank (30.0%), Singer (Sri Lanka) Ltd (30.0%), Chemanex Ltd (13.6%) and General public (26.4%). The company has an authorized capital of Rs 200 million out of which Rs. 73.3 million has been issued.
- Principal Activities:
- Leasing of equipment which includes vehicles, plant and machinery, and domestic factoring continue to be the principal activities of the Company.
Financial Highlights
Year ended 31 December (SL Rs. Millions) 1995
1994
Revenues 150
95
Net Profit 61
48
Total Assets 716
483
Total Debt 462
264
Total Equity 254
219
EPS - Rs. 8.30
6.51
Visit Commercial Leasing Web Page
- SUBSIDIARIES
- Eagle NDB Fund Management Co. Limited
Mission
To be the 'best' composite insurer and Fund Manager in Sri Lanka, serving best the interests of Customers, Shareholders, Employees, Intermediaries and Public and having the highest market capitalization in the sector.
Financial Highlights
Year ended 31 December (SL Rs. Millions) Shareholders
Long Term 1995
1994
1995
1994
Gross Written Premiums 434
380
627
460
Net Profit 76
62
NA
NA
EPS -Rs. 4.00
3.30
NA
NA
Total Assets 544
481
1,075
724
Total Debt 306
287
137
96
Total Equity 238
194
938
628
Visit CTC Eagle Web Page
A public limited liability company established in 1955. Quoted on the Colombo Stock Exchange in 1956. Company is one of the premier Development Banks in the country.
Mission
DFCC will be a catalyst in national development by promoting and assisting private sector enterprises in Sri Lanka. It will provide finance as well as a range of servicesincluding the identificationand development of projects, financial services and consultancy. DFCC will maintain a dedicated and highly motivated team committed to the achievementof excellencein service, leading to the realisation of the twin goals of improvement of the overall economic prosperity of the country and growth with financial viability of the Corporation.
A public limited liability company established in 1968 and quoted on the Colombo Stock Exchange in 1971. HNB is the largest private sector Commercial Bank in the country with an extensive branch network.
- Mission
- To be the most caring & versatile provider of excellence in financial services that creates opportunities for more people in more places.
A public limited liability company incorporated on 01st January 1980 and quoted on the Colombo Stock Exchange in 1982. LOLC pioneered leasing business in the country. The company is a part of Orix Corporatin of Japan, which holds a 30% stake.
- Principal Activities:
- LOLC leases any productive equipment, from any reputed supplier in the world. These include Plant and machinery, Office machines, Office automation products, Business communication products, Transportation equipment and Medical equpiment. The company also finances equipment for the following Industries: Tourism and Hotel, Agriculture, Fisheries and Food processing.
A public limited liability company incorporated on 20th January 1982 and quoted on the Colombo Stock Exchange in 1983.
- Mission
- To provide core leasing products and selected financial services with a high degree of professionalism and efficiency with the primary focus on attaining high levels of customer satisfaction and thus achieving a pre-eminent position in chosen markets.
Financial Highlights
Year ended 31 March (SL Rs. Millions) 1996
1995
Net Profit 52
54
EPS -Rs. 7.93
13.14
Total Assets 1,091
844
Total Debt 826
638
Total Equity 265
206
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A public limited liability company incorporated in 1982 and quoted on the Colombo Stock Exchange in 1991. MBSL is one of the premier investment banks in the country.
- Vision
- MBSL Group will be an acknowledged leader in the financial services industry in Sri Lanka with access to an extensive distribution network in Sri Lanka and global and emerging regional markets, forging strategic alliances in selected areas of activity which enhance earnings potential.
- Our multinational team of innovative and dynamic master-minds will move across geographical and cultural boundaries, establishing a diversified product portfolio with strategic investments in core areas, supported by state-of-the-art technology.
- Mission
- To enhance clients’ wealth by providing customized financial products and services through proactive management.
Financial Highlights
Year ended 31 December (SL Rs. Millions) 1995
1994
Revenues 878
703
Net Profit 32
207
EPS -Rs. 0.68
4.31
Total Assets 7,578
4,245
Total Debt 6,195
2,853
Total Equity 1,383
1,392
Visit MBSL Web Page
Incorporated by Act of Parliament, No. 2 of 1979 as amended by Acts No. 10 of 1990 and No. 10 of 1992 and quoted on the Colombo Stock Exchange.
- Objective:
- The main objective of the National Development Bank is to promote the industrial, agricultural and commercial development in Sri Lanka through the extension of medium and long-term credit to development projects and by the mobilization of internal and external capital for investment in such projects.
Accordingly, the NDBs principal activity to date has been project lending, with emphasis on export-oriented projects and those capable of generating substantial employment. In addition, the Bank provides a range of other financial services in selected areas of merchant banking, equipment finance, equipment leasing, bills discounting and working capital finance.
A Public Limited Liability Company incorporated in 1983 and quoted on the Colombo Stock Exchange.
Financial Highlights
Year ended 31 March (SL Rs. Millions) 1997
1996
Revenues 76 61 Net Profit 10 13 EPS - Rs 0.79 1.02 Total Assets 441 369 Total Debt 274 198 Total Equity 167 171
Visit Peoples Merchant Web Page
Incorporated in 1986 as a Public Limited Company with a broad share holding and an issued share capital of Rs. 354 million (US$7 million). Quoted on the Colombo Stock Exchange in 1987.
The goal of Sampath Bank is to be a major banking and financial enterprise operating throughout the island serving all sections of the community. To achieve this end the Bank will: Provide a complete range of banking services.
- Take advantage of the latest developments in technology to continuously introduce innovative products to the market.
- Strive to achieve a reasonable level of profitability and adequate growth,with operations being on a sound financial basis at all times.
- Employ,develop and retain a self-motivated group of employees who themselves enforce high standards of performance.
- Be guided by three fundamental concepts: respect for the individual, an unrelenting commitment to superior customer service and dedication to excellence in all its endeavours.
- Functions as a catalyst in the development process through the instruments of Banking and Finance.
- Harness the entrepreneurial skills of the community through access to investment and credit finance.
Established in 1987, commenced operations on the 24th of March 1988 and is incorporated in Sri Lanka as a Public Company with a broad-based share holding. Quoted on the Colombo Stock Exchange in 1989.
SUBSIDIARIES
Seylan Merchant Bank Ltd.
Ceylinco-Seylan Developments Ltd.
Mission
Seylan Bank's mission is to build a strong bank with equally strong subsidiaries serving the needs of all its customers within and outside Sri Lanka, in consonance with the Bank's corporate identity.
A Public Limited Liability Company incorporated in 1993 and quoted on the Colombo Stock Exchange. The company is a subsidiary of Seylan Bank Ltd.
- Mission
- "Our mission is to be an excellent provider of innovative financial products and services aimed at creating and enhancing the wealth of our society."
- Corporate Objectives
- To provide excellence in service to our customers.
- To enhance shareholders’ wealth by means of stable and attractive returns.
- To develop highly satisfied and motivated employees at all levels who will make an effective and efficient contribution towards our mission.
- To contribute towards the economic development of Sri Lanka.
Financial Highlights
| Year ended 31 December (SL Rs. Millions) | 1996 |
1995 |
| Revenues | 154 | 124 |
| Net Profit | 1 | 1 |
| EPS - Rs | 0.09 | 0.08 |
| Total Assets | 991 | 952 |
| Total Debt | 809 | 771 |
| Total Equity | 182 | 181 |
| Visit Seylan Merchant Web Page |
A Public Limited Liability Company incorporated in 1940 and quoted on the Colombo Stock Exchange. The company is a part of the Ceylinco Group.
Financial Highlights
Year ended 31 March (SL Rs. Millions) 1997
1996
Revenues 1,784 1,497 Net Profit 67 65 EPS - Rs 7.13 6.87 Total Assets 4,374 3,730 Total Debt 3,742 3,147 Total Equity 632 583
Visit The Finance Web Page
- SUBSIDIARIES
- Cornhill (Pvt) Limited
Mission
To assure protection and financial security through professionalism, service excellence and the strength of our resources whilst safeguarding Shareholders’ interest, providing our employees and Field Staff with a rewarding career and fulfilling obligations to the community.
Financial Highlights
Year ended 31 December (SL Rs. Millions) Shareholders
Long Term 1996
1995
1996
1995
Gross Written Premiums 790 693 261 200 Net Profit 72 75 NA
NA
EPS -Rs. 4.74 4.41 NA
NA
Total Assets 790 842 351 281 Total Debt 311 410 284 222 Total Equity 479 432 67 59
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A public limited liability company incorporated in 1992 and quoted in the Colombo Stock Exchange. Vanik is one of the premier investment banks in the country.
- Mission
- To be the most sought after facilitator in creating wealth.
- SUBSIDIARIES
Vanik Corporate Service Ltd.
Vanik Money Brokers Ltd.- LB Finance Ltd.
- Prestige Property Development (Pvt) Ltd.