Merchant Bank of Sri Lanka & Finance PLC
CCSELK:MBSL.N00008.50
LKR
0.00
(0.00%)
ISIN
LK0186N00003
Return %
Stock
S&P 500
1Y
-46.20
14.20
3Y
70.00
81.12
5Y
39.34
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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FRC
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in mil. unless spec.Company Description
- CEO
- Warnasooriya Patabendige R. P. H. Fonseka
- Full Time Employees
- 1,029
- Sector
- Finance
- Industry
- Regional banks
- Address
- Colombo Sri Lanka
- IPO Date
- Jan 4, 1991
- Website
- mbslbank.com
- Similar Companies
- Business
- Merchant Bank of Sri Lanka & Finance PLC is a licensed finance company and financial services institution based in Sri Lanka, operating as a subsidiary of the state-owned Bank of Ceylon. Founded in 1982 as the country's pioneer merchant bank and headquartered in Colombo, Sri Lanka, the company provides a comprehensive suite of financial solutions to retail individuals, micro, small and medium enterprises (MSMEs), and corporate entities across an island-wide network of branches. The company operates through four primary business segments: Leasing and Hire Purchase, Corporate and Retail Credit, Corporate Advisory and Capital Markets, and Insurance. The company's core products and services include vehicle, machinery, and equipment leasing; hire purchase facilities; structured term loans, personal loans, housing loans, and gold loan facilities; revolving credit and short-term working capital facilities, including overdraft and Speed Draft products; microfinance and SME development loans; fixed deposits, senior citizen deposit schemes, and specialized savings accounts, including children's savings, women's savings, and ESG-compliant deposit accounts; capital market and corporate advisory services, comprising debt syndication, initial public offering management, underwriting, asset valuation, and mergers and acquisitions advisory; and life and general insurance solutions provided through its subsidiary, MBSL Insurance Company Limited. In recent developments, Merchant Bank of Sri Lanka & Finance PLC has executed strategic capital-strengthening initiatives, completing a rights issue to bolster its Tier 1 core capital base and maintain regulatory adequacy while issuing up to Rs. 1 billion in subordinated redeemable debentures to reinforce its Tier 2 capital structure and support lending expansion. The company has also advanced a major digital transformation program featuring the rollout of an upgraded core banking platform to enhance digital transactions and customer service capabilities, introduced ESG-aligned deposit products, and expanded its nationwide credit portfolio, growing its asset base beyond Rs. 50 billion.