NBFI List

Central Bank of Sri Lanka (CBSL) in their proposed consolidation of the country’s non banking financial institutions (NBFIs) have categorized those as “A”, “B” and “C” respectively.

Category A comprises NBFIs with assets of more than Rs. eight billion, core capital of more than Rs. one billion and a “high degree of compliance with direction issued by Central Bank of Sri Lanka.”
Those comprise 19 individual companies and “group wise companies”:13.

Category B comprises registered finance companies (RFCs) or specialized leasing companies (SLCs) or groups of RFCs and/or SLCs that do not fulfil one or more of the criteria of Category A.
Those comprise 38 individual companies and 35 group wise companies.

Category C: NBFIs where business is at a standstill: One.

Listed category A companies (14):
1. Alliance Finance Co plc (per: 5.0 and pbv: 0.;
2. Bartleet Finance plc (per and pbv are not applicable);
3. Central Finance co. plc (per: 6.2 and pbv: 1.1);
4. Citizens Development Business Finance plc (per: 4.3 and pbv: 0.7);
5. Commercial Credit and Finance plc (per: 4.1 and pbv: 1.9);
6. Commercial Leasing and Finance plc (per: 26 and pbv: 3.0);
7. LB Finance plc (per: 5.4 and pbv: 1.2);
8. Lanka Orix Finance plc (per: 13.2 and pbv: 1.7);
9. Mercantile Investments & Finance plc (per: 10.6 and pbv: 1.1);
10. People’s Leasing & Finance plc (per: 7.0 and pbv: 1.3);
11. Senkadagala Finance plc (per: 5.3 and pbv: 1.4);
12. Softlogic Finance plc (per: 6.7 and pbv: 0.9);
13. The Finance Co. plc (per: Negative 0.9 and pbv: negative 0.2) and
14. Vallibel Finance plc (per: 4.1 and pbv: 1.1).

Listed category B companies (20):
1. Abans Finance plc (per: 79.8 and pbv: 2.6);
2. AMW Capital Leasing and Finance plc (per: 3.3 and pbv: 0.5);
3. Arpico Finance Co. plc (per: 7.3 and pbv: 0.9);
4. Asia Asset Finance plc (per: 17.0 and pbv: 1.4);
5. Associated Motor Finance Co. plc (per: 12 and pbv: 2.6);
6. Bimputh Finance plc (per: 20.2 and pbv: 2.9);
7. Capital Alliance Finance plc (per: Negative 52 and pbv: 1.9);
8. Chilaw Finance plc (per: 16.5 and pbv: 1.5);
9. George Steuart Finance plc (per: Negative 231.5 and pbv: 27.3);
10. Merchant Bank of Sri Lanka plc (per: Negative 29.6 and pbv: 0.6);
11. Multi Finance plc (per: Negative 2.8 and pbv: 1.3);
12. Nanda Investments and Finance plc (per: 27.1 and pbv: 1.3);
13. Nation Lanka Finance plc (per: 49.1 and pbv: 9.0);
14. Orient Finance plc (per: 16.4 and pbv: 1.9);
15. People’s Merchant Finance plc (per: Negative 6.4 and pbv: 0.9);
16. Singer Finance (Lanka) plc: (per: 7.9 and pbv: 1.0);
17. Sinhaputhra Finance plc (per: 11.0 and pbv: 0.9);
18. SMB Leasing plc (per: 19.9 and pbv: 1.9);
19. Swarnamahal Financial Services plc (per: Negative 1.9 and pbv: Negative 7.5) and
20. Trade Finance & Investments plc (per: 6.5 and pbv: 1.4).
(Source: Shiluka Goonewardene, KPMG, Principal, Transactions & Restructuring).
- The Sundayleader