Mercantile Investments & Finance PLC
CCSELK:MERC.N000018.80
LKR
-0.70
(-3.59%)
ISIN
LK0379N00004
Return %
Stock
S&P 500
1Y
-48.58
14.20
3Y
44.62
81.12
5Y
44.62
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Gerard George Ondaatjie
- Full Time Employees
- 1,949
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- Colombo Sri Lanka
- IPO Date
- Jun 2, 2011
- Website
- mi.com.lk
- Similar Companies
- Business
- Mercantile Investments and Finance PLC is a Sri Lanka-based non-bank financial institution that provides a comprehensive suite of financial services and vehicle-related solutions to retail, small and medium-sized enterprise, and corporate clients across Sri Lanka. The company operates through specialized business divisions offering a wide array of products and services, which include vehicle and equipment leasing; hire purchase financing; secured term loans and personal credit facilities; working capital and business enterprise financing, including the Pragathi business loan scheme; renewable energy and solar loans; microfinance facilities; gold-backed pledge lending; fixed deposit investment instruments; and retail savings accounts, including specialized children savings accounts such as the Podiththo scheme. Beyond its core lending and deposit-taking operations, the company provides ancillary automotive services, which include vehicle sales and remarketing; automotive maintenance and repair; vehicle valuation services; and vehicle storage and auction management via its MI Yard facilities. The company also holds strategic equity interests in the hospitality and leisure sector through affiliated hotel operators, including Tangerine Beach Hotels PLC, Royal Palms Beach Hotels PLC, and The Nuwara Eliya Hotels Company PLC, as well as flooring solutions via Mercantile Fortunes (Pvt) Ltd. Founded in 1964, Mercantile Investments and Finance PLC is headquartered in Colombo, Sri Lanka, and conducts its geographic operations through a nationwide network of approximately 90 branches. In recent developments, the company has expanded its physical branch distribution to 90 locations island-wide, elevated its loan portfolio to over LKR 75 billion, and expanded its total balance sheet assets past the LKR 100 billion milestone. The company has also entered into a strategic alliance with Diesel & Motor Engineering PLC to deliver exclusive vehicle leasing schemes, refreshed its core retail deposit and children savings product portfolios, earned inclusion among the Top 100 listed entities on the Colombo Stock Exchange by market capitalization, and maintained an affirmed National Long-Term Rating of BBB-(lka) with a Stable Outlook from Fitch Ratings.