Incorporated in May 1971 as a private limited liability company and later converted into a public limited liability company in 1982, LB Finance PLC (LBF) was listed on the Colombo Stock Exchange in 1997 and re-registered in June 2008 under the new Companies Act No. 7 of 2007. Initially, the majority shareholding was held by Lewis Brown & Company Limited and subsequently, in 1994, Vanik Incorporation Limited acquired the controlling interest of the Company. Mr. Dhammika Perera, a renowned Sri Lankan entrepreneur, took over the Company in 2003 and turned it around to be the vibrant and leading finance company that it is today. LB Finance PLC is now part of Vallibel One PLC, which operates in 7 key industries; life style, finance, aluminum, plantation, leisure, consumer and investments.MORE
Our Board consists of highly-qualified Directors from diverse backgrounds who are committed to the sustainable management of the business and affairs of the organization with the goal of enhancing long-term stakeholder value.MORE
Having lived up to its mantra as the place 'where solutions begin,' the slogan took on greater significance after 2003 where LB Finance focuses on a well- rounded operational transformation that helps the Company better serve the economy while satisfying the financial needs of its customers. With the guidance of LB Finance's management the Company recorded excellent performance, topping all previous achievements. The Company placed emphasis on growing market share further by expanding its business volumes. As a result, LB Finance continued to maintain faster-than-average industry growth in its lending portfolio. The growth in business volumes contributed to improved profitability.MORE
"As a responsible corporate citizen, our aim is to respond to Sri Lanka's emerging socio-economic needs in a manner that would trigger meaningful societal change for the longer term. We believe, as a leading financial institution in the country, our mandate is clear; lead by example to convey broader socio-economic change, particularly at a grass root level. We seek to accomplish our corporate goals in sync with national priorities, while promoting global best practices for managing economic, environmental and social impacts of the business. We will do this by remaining true to our values and adhering to the highest ethical standards. It is how we expect to deliver on the promises made to our stakeholders.
We look at CSR not only in terms of our social responsibilities but also from a corporate accountability perspective. As such, we initiated a strategic movement in our CSR approach: moving from a charitable focus to a strategic approach. "MORE