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.
Sri Lanka Export Credit Insurance Corporation

Type
State Owned Enterprise
Industry
Insurance
ROA
2.3
Governance
54.2
Profits/Losses
LKR 265,000
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
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 |
---|---|---|---|---|---|---|---|---|
2020
|
219,000
|
Data Not Available | 265,000 | Data Not Available | Data Not Available | Data Not Available | Data Not Available |
Data Not Available
|
2019
|
457,000
|
Data Not Available | 253,000 | Data Not Available | Data Not Available | Data Not Available | Data Not Available |
Data Not Available
|
2018
|
239,000
|
Data Not Available | 386,000 | Data Not Available | Data Not Available | Data Not Available |
386,000
|
Data Not Available
|
2017
|
449,000
|
2,204,000
|
-183,000 | Data Not Available |
229,000
|
1,975,000
|
-183,000
|
-8
|
2016
|
212,831
|
2,377,161
|
141,112 | Data Not Available |
224,082
|
2,153,079
|
29,375
|
6.2
|
2015
|
244,789
|
2,170,524
|
174,076 | Data Not Available |
192,371
|
1,978,153
|
83,069
|
8.6
|