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.
Backed by a strong financial tradition of over 48 years coupled with our local experience. LBF offers a portfolio of financial solutions trusted widely by corporates, SMEs and individuals alike. These offerings are delivered to the market through a network of 127 branches and 36 gold loan centres. LBF has strategically expanded its operations beyond the shores of Sri Lanka to Myanmar. Company has setup four branches in Bago region aimed at bringing prosperity to the people of that country as well.
We deliver our products and services through three main business clusters; Investing, Financing and Value-added services under the LB brand, which improves visibility and supports greater brand recognition. All LB products are designed and marketed responsibly in line with all regulatory guidelines, to give customers the opportunity to meet their financial goals; be it savings, or access to credit.
To contribute to the quality of life experienced by our depositors, customers, employees and the general public through partnerships that fuel the growth of our Company and to create shareholder value both in the short- term and long- term.
To be a major player in the financial services sector in Sri Lanka.