Mercantile Investments and Finance PLC (MI Finance) has achieved a landmark corporate milestone, surpassing Rs. 100 billion in total assets while recording commendable profitability second-quarter growth that positions the institution among Sri Lanka's premier non-bank financial institutions. The achievement represents a dramatic elevation for the 60-year-old institution from mid-tier player to a major market force....
This stellar performance was driven by an extraordinary 86% annualized growth in Mercantile's loan book, which surpassed Rs 75 billion by mid-year. This growth reflects the strong momentum created by the company's ongoing transformation journey. 12 billion, underpinned by deposits that grew from Rs.
Summarised from Ada Derana Biz
People- Gerard Ondaatjie2
- Laksanda Gunawardene
- Deva Anthony
Organisations- Mercantile Investments and Finance PLC2
Keywords- surges2
- asset2
- mark2
- past2
- performance
- billion
- stellar
- half
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