L B Finance PLC
CCSELK:LFIN.N0000140.00
LKR
-1.25
(-0.88%)
L B Finance PLC
CSELK:LFIN.N0000
(Colombo Stock Exchange)
Recent
price
140.00
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div
yld
- -
ROIC.AI
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- Business
- L B Finance PLC is a Sri Lanka-based non-banking financial institution that provides a comprehensive range of retail, commercial, microfinance, and investment financial services to individuals, micro, small, and medium-sized enterprises (MSMEs), and corporate clients. The company offers an extensive portfolio of products and services comprising vehicle, agricultural, and commercial equipment leasing; hire purchase facilities; gold loans and gold pawnbroking services; mortgage, housing, and property loans; personal, educational, and pension-backed credit lines; commercial lending and revolving overdraft facilities under the Power Draft brand; MSME credit and empowerment financing via its dedicated Sanmitha suite; fixed deposits and term investment products; specialized savings accounts tailored for children, senior citizens, and women; foreign currency exchange and cross-border remittance services; digital payment and banking solutions via its proprietary LB CIM (Cash In Mobile) platform; and Shari'ah-compliant Islamic financial products managed by its dedicated LB Al-Salamah business unit, including Mudharabah profit-sharing deposits, Wakala investments, Murabaha trade finance, Ijarah leasing, Diminishing Musharakah contracts, and Al-Wadiah asset custody. Founded in 1971 and headquartered in Colombo, Sri Lanka, the company operates as a key subsidiary of Vallibel One PLC and distributes its offerings across an extensive domestic network of more than 220 branches, complemented by regional operations via LB Microfinance Myanmar Company Limited and LB Finance Philippines Inc. In recent developments, L B Finance PLC completed the strategic acquisition and amalgamation of Associated Motor Finance Company PLC (AMF) to reinforce its market position, expanded its Southeast Asian operational footprint by incorporating LB Finance Philippines Inc., secured USD 35 million in long-term funding from development finance institutions Norfund and Swedfund to scale MSME financing and promote green mobility and electric vehicle loans, and upgraded its LB CIM digital ecosystem with automated onboarding and AI-assisted credit evaluation capabilities.