LB Finance tops in K Seeds Investments 1Q 2019 ranking of listed finance companies

K Seeds Investments Managing Director Rohan Senanayake (left) presents the report to LB Finance Managing Director Sumith Adhihetty 

K Seeds Investments has identified LB Finance PLC 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 > 100 billion). 

The Categories 2, 3 and 4 denoted the companies having an asset base between 20-100 billion, 10-20 billion, and less than 10 billion, respectively.

The report ranks the finance companies according to their performance across eight parameters: 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.

Apart from the rankings, the K Seeds Investments publication has directions, circulars and guidelines for non-banking licensed finance companies, news and announcements and share price details.

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.