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Sri Lanka Export Credit Insurance Corporation

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Type
State Owned Enterprise
Industry
Insurance

The Sri Lanka Export Credit Insurance Corporation (SLECIC) provides a range of facilities to ensure the financial security of Sri Lankan exporters of goods and services trading on credit terms. The SLECIC operates its products and services in two main segments: Seller’s Risk and Export Credit Guarantees. Seller’s Risk serves the purpose of protecting the export from the risk of non-payment of delayed payment by the overseas buyer due to commercial and political risks. The Export Credit Guarantees to banks mitigate losses suffered by banks on account of non-payment of advances by the exporter owing to protracted default and insolvency of exporters. Founded in 1979, the SLECIC is headquartered in Colombo.

ROA
10.4
Governance
54.2
Profits/Losses
LKR 581,875

Governance Indicators

A systematic measure of how well this SOE is managed.

2016

Year of the most recent Annual Report available online

1

Have Annual Reports for the last five years been tabled in Parliament?

1

Does the Annual Report include the mandatory provisions set out in the PED guidelines?

0

Is the Audit Clean / Qualified / Disclaimer?

0

Is the information pertaining to the RTI officer available on the website?

0

Does the SOE respond to an RTI within the timeframe specified in the Act?

1

Does the SOE have a website?

1

Does the SOE website contain sufficient organtisational details?

1

Does the SOE website contain tender and procurement details?

Annual Report
Auditing Standards
Rights to Information
Accessibility of Information

Interpretation of the indicators

Good
2
Average
1
Bad
0
See Methodolgy

Financials

Available Financial data for the last few years.

Year Turnover (LKR) Total Assets Profit/Loss Total Debt Total Liabilities Total Equity Operational Profits ROA
2024
594,900
5,655,737
 581,875
12,614
864,983
4,790,754
851,964
10.4
2023
1,220,889
5,561,636
 774,047
13,466
1,195,986
4,365,649
1,055,623
14.1
2022
443,809
5,431,722
 1,615,449
789,780
789,780
4,641,941
1,883,653
56.7
2021
272,019
3,624,961
 248,668
552,131
552,131
3,072,829
334,406
7.3
2020
219,010
3,194,068
 223,349
368,377
368,377
2,825,691
288,374
7.3
2019
456,966
2,934,562
 242,251 Data Not Available
310,384
2,624,178
276,905
8.5

Download our datasets

Access Advocata Institute's Datasets on State Owned Enterprises