Assetline Finance: Leading with purpose, driving inclusive growth

ASSETLINE Finance Ltd., the flagship company under the financial services pillar of David Pieris Holdings Ltd., has delivered one of its strongest performances to date for the financial year ended 31 March, reinforcing its position as one of Sri Lanka’s leading non-bank financial institutions.

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Anchored in a clear purpose of enabling inclusive finance and sustainable development, the Company achieved robust growth while empowering individuals, entrepreneurs, and communities across the country.

Guided by a strong customer-centric approach and strategic vision, Assetline Finance recorded a 14% increase in interest income, reaching Rs. 11.3 billion, up from Rs. 9.9 billion the previous year. Net interest income surged by 30% to Rs. 8.7 billion. Profit before tax rose by 96% to Rs. 5.6 billion, while profit after tax more than doubled to Rs. 2.7 billion—a 111% increase from the previous year.

Assetline Finance’s exceptional financial performance was matched by continued improvements in operational efficiency, disciplined risk management, and balance sheet strength.

The company’s total assets increased by 40% to Rs. 52.4 billion, while the lending portfolio grew by 46% to Rs. 42.7 billion, reflecting strong credit demand and effective portfolio management.

It maintained a robust Capital Adequacy Ratio (CAR) of 26.1%, well above the regulatory minimum, and strengthened its equity base by 15%, ensuring long-term financial resilience and investor confidence.