Srilanka, May 15 -- Merchant Bank of Sri Lanka & Finance PLC (MBSL), a subsidiary of Bank of Ceylon, has set an ambitious objective to increase its balance sheet to Rs.50 billion by 2026, following a period of notable financial expansion and strategic initiatives.
"MBSL's primary goal is to expand our balance sheet to Rs.50 billion by 2026, ensuring a high-quality portfolio while maintaining strong compliance within the NBFI sector. The board, management and parent company are fully aligned in driving this growth. By implementing strategic plans and exploring synergies with our parent company, we are confident in achieving this milestone," MBSL CEO Dammika Hapuhinna told the company's shareholders in its latest annual report.
The announc...