LB Finance PLC (LBF) is a licensed finance company. It was incorporated in May 1971 as a private limited liability company and subsequently converted to a public limited liability company in 1982. The Company was listed on the Colombo Stock Exchange in 1998 and was re-registered in June 2008 under the new Companies Act No. 7 of 2007.
At the beginning, the majority shareholding was held by Lewis Brown & Company Limited. In 1994, Vanik Incorporation Limited acquired the controlling interest of the Company. Mr. Dhammika Perera, a well-known iconic entrepreneur took over the Company in 2003 and turned it around to be the vibrant and leading finance company that it is today.
LBF is a company in the Group of Vallibel One which is a diversified holding Company with strategic investments in multiple industries.
Backed by a strong financial tradition of over 50 years, LBF offers a portfolio of financial solutions trusted widely by corporates, SMEs and individuals alike. The Company operates a wide network of more than 185 branches in Sri Lanka and 12 branches in Myanmar.
Industry
Financial Services, Other Investment Pools and Funds, Finance and Insurance
HQ Location
No 275/75, Prof. Stanley Wijesundara Mawatha
Colombo 07, Western Province 00700, LK
Keywords
Vehicle LeasingProperty MortgagesGold LoansSavingsFixed DepositsFactoringMargin TradingPay HubMoney TransferIslamic Finance