LB Finance had always lived up to its mantra as the place ‘where solutions begin,’ this slogan took on greater significance after 2003. LB Finance, focused on a well-rounded operational transformation that would help the Company
better serve the economy while satisfying the financial needs of its customers.
The prudence of these strategic choices is obvious to this day. With the guidance of LB Finance’s management the Company has recorded another excellent performance, topping all previous achievements.
Success story During the year, 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 – a feat that it has achieved consistently for the past several years. The growth in business volumes contributed to improved profitability. In addition, LB Finance paid special attention to improving asset quality. This
in turn led to a lower overall risk profile and lower impairment charges.
Simultaneously, the Company accelerated technology-based innovations and developed new business lines. These initiatives coupled with its customer centric approach improved LB Finance’s overall effectiveness of delivery in all its financial services.
Consequently, among many other remarkable achievements, the Company was able to sustain its growth and record its best ever performance in 2015/16.
Refer the reports for Financial Highlights.