Berendina bags Silver at CA Sri Lanka 56th Annual Report Awards

From left: BMIC Director Sarath Chandra Fernando, BMIC Deputy Managing Director Charith Fernando, BMIC Acting Head of Finance Saman Manatunga, BMIC Assistant Manager Compliance and Corporate Relationship Dilhara Jayasinghe, CA Sri Lanka Past President Ranel T. Wijesinha, BMIC Chairman Jagath Godakanda, Annual Report Awards Committee 2021 Chairman Chaaminda Kumarasiri and Annual Report Awards Committee 2021 Alternate Chairperson Chamila Cooray

Berendina Micro Investments Company Limited, better known as BMIC among its microfinance clientele and partners, won the Silver award at the 56th Annual Report Awards organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), under the category of finance companies and leasing companies (total assets up to Rs.20 billion).

Over 70 companies, ranging from conglomerates, multinationals to non-profit organisations and SMEs, were honoured at this year’s competition for their excellence in financial reporting. The gala event of this year was recently held at the BMICH. 

Being the first microfinance company licensed by the Central Bank of Sri Lanka, BMIC is no stranger to this annual competition, having won a prestigious Gold award in 2017 and a Merit award in 2018.

The award from CA Sri Lanka is the fourth award to be won by BMIC during the financial year 2021, having won three international awards, namely, the Best Microfinance Company in Sri Lanka and Best Agricultural Lending Company in Sri Lanka awards from the UK-based Global Banking and Finance Review magazine as well as Donor’s Choice Award at the international competition conducted by SCALE Green Creative Adaptation Awards in the USA in 2021.

Focused on poverty alleviation, BMIC as a microfinance institution (MFI) extends microcredit facilities and enterprise development services that ensure long-term sustainability and growth of business ventures of its clients, providing loans at the lowest interest rate compared to other MFIs in Sri Lanka.