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: 0.8); 

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).
http://www.thesundayleader.lk/2014/02/23/nbfi-list/