LB Finance secures top place in ‘Ranking of Listed Finance companies’
View(s):K Seeds Investments (KSI) has identified LB Finance as the best performing finance company among the 31 listed finance companies in Sri Lanka through a ranking carried out considering their performance in the first quarter of 2019.
The report segregates the finance companies based on their asset base, and ranks them in their respective categories among its peers. LB Finance topped the overall spectrum by belonging to “Category 1” (asset base > Rs. 100 billion). The categories 2, 3 and 4 denoted the companies having an asset base between Rs. 20 – Rs.100 billion, Rs.10 – 20 billion and less than Rs.10 billion, respectively.
The report, according to a media release from KSI, ranks the finance companies according to their performance across eight parametres – cost/income ratio, net profit margin, impairment to loan book, return on equity, return on assets, net interest margin, deposit growth and net profit growth by weighting them and arriving at an aggregate score for each category.
KSI is a boutique investment banking firm, specialising in mergers and acquisitions, balance sheet structuring, equity/debt placements, treasury management, corporate restructuring and talent management.