Global Banking & Finance Review, UK adjudged LB Finance PLC as “Best Retail Finance Company in Sri Lanka for 2013”, awarded on the back of the company’s outstanding efforts to support Sri Lanka’s small and medium entrepreneurs.
The title, conferred for the first time to a finance company in Sri Lanka, was awarded after an extensive analysis on the company’s overall performance in key areas including fixed deposits and leasing portfolios, gold loans and recoveries, new innovations and sustainable expansion, risk policies, operational strategies and overall strength in assets and profitability. There were many aspirants from the finance industry assessed for the title but LB Finance PLC was crowned winner.
“This has been a huge vote of confidence for us, especially for the company’s relentless quest to reach out to small-time entrepreneurs and investors. The fact, that the recognition comes from a well-recognized international institution, makes it all the more meaningful,” said LB Finance Managing Director Sumith Adhihetty.`
LB Finance operates through a highly-integrated network of branches offering cutting-edge solutions through services such as acceptance of fixed deposits, leasing, hire purchase, savings, Islamic finance, margin trading, mortgage loans, micro-financing, inland money transfer, gold loans, factoring, agricultural equipment leasing and other credit facilities. LB Finance has earned itself a name for being a trendsetter in the Sri Lankan financial sphere, owing to its remarkable track-record and knack of making the right moves at the right times. Many of the products on its portfolio are designed with the informal economy in mind with the company making great efforts to support livelihoods of people who may otherwise not have access to financial support.
“This international accolade vindicates our tireless and bold efforts in supporting people with products and services catered to their needs and constraints. This award is proof that we do indeed feel the pulse of the people,” added Adhihetty.
— Daily FT (20th Mary 2014)