Sanasa Bank amongst world’s top
|
Chairman Sanasa Bank
Dr. P.A.Kiriwandeniya |
Forbes’ first-ever list of the World’s Top 50 Microfinance
Institutions were chosen from a field of 641 micro-credit providers.
The list was prepared by the Microfinance Information Exchange under
the direction of Forbes magazine.
To qualify, the institutions must have made available their audited
financials and must have passed review by a Forbes panel of advisers.
Amongst the 641 microfinance providers, Sanasa Development Bank is
ranked 5oth place, which is the only Microfinance provider in Sri Lanka
ranked within the top 50 MFI’s.
The rank (out of 641) for the top institutions according to scale,
which is based on the size of their gross loan portfolio, efficiency,
which considers operating expense and the cost per borrower as a percent
of the gross national income per capita of their country of operation,
risk, which looks at the quality of their loan portfolios, measured as
the percent of the portfolio at risk greater than 30 days, and return,
which is measured as a combination of return on equity and return on
assets.
Each category is equally weighted for an institution’s overall
ranking. |
