LB Finance

LB Finance PLC, commonly presented under the LB Finance brand, is a Sri Lankan non-bank financial institution. The company was incorporated in 1971 and has operated within Sri Lanka's regulated finance sector for more than five decades. It was initially associated with Lewis Brown & Company, which held the majority of its shares during the company's early period. LB Finance later changed ownership and corporate alignment as Sri Lanka's financial-services market developed, becoming part of the Vallibel One group after Dhammika Perera acquired control in 2003. The company became a public issuer on the Colombo Stock Exchange in 1997. Its listed-company status has supported access to capital markets and made LB Finance part of the publicly visible universe of Sri Lankan finance companies. The company is also described as a component of the S&P Sri Lanka 20 Index, an index that tracks major companies listed in Sri Lanka. Brand Finance placed LB Finance 24th among Sri Lanka's 100 most valuable brands, while the company ranked 39th in the LMD 100 for the 2019/20 financial year. LB Finance's business is centered on non-bank financial services rather than commercial banking. Its activities have included vehicle and asset finance, leasing, deposits, personal and consumer finance, business lending, and services for small and medium-sized enterprises. The company has developed a nationwide branch network, including the opening of its 100th branch in Jaffna, and has participated in Sri Lanka's Interbank Payment System. It has also operated a premium customer centre in Cinnamon Gardens, designed for high-value clients and positioned with a more exclusive, hospitality-oriented environment than a conventional branch. The brand's growth strategy has combined geographic distribution, customer-segment expansion, capital-market activity and selective corporate transactions. In 2021, LB Finance announced a four-for-one share split. The announcement was followed by a reported 38% rise in its share price, although share-price movements are market outcomes rather than a guaranteed feature of the brand. During the 2021/22 financial year, the company reported quarterly profit of LKR 1.34 billion for the first quarter, described in the reference material as the highest among 29 listed finance companies for that period. LB Finance also obtained a US$15 million loan from the Dutch development bank FMO to support lending to small and medium-sized enterprises. The company has received external recognition for both performance and customer-facing services. Fitch Ratings affirmed an A- rating for LB Finance in September 2021 with a stable outlook. K Seeds Investments identified it as the best-performing finance company among companies with an asset base above one billion Sri Lankan rupees. At the 2021 SLIM-Nielsen People's Awards, LB Finance received the Financial Service Provider of the Year award. LB Finance has also presented itself as a participant in wider social and economic development. During the COVID-19 pandemic, it donated a ventilator to Maharagama Apeksha Hospital. In 2022, the company acquired a controlling stake in Multi Finance, purchasing 64% from Fairway Holdings for LKR 400 million. A later reported transaction stated that LB Finance completed the acquisition of Associated Motor Finance Company PLC in November 2025 for more than Rs. 4.1 billion. These transactions indicate a strategy of expanding its position in Sri Lanka's non-bank financial-services sector through consolidation as well as organic branch and product development. LB Finance is therefore best understood as a domestic Sri Lankan financial-services brand with a long operating history, public-market presence, consumer and business lending activities, and a corporate relationship with Vallibel One. The supplied material does not establish operations in Myanmar; the authoritative Wikipedia subject concerns the Sri Lankan company.

LB Finance was incorporated in Sri Lanka in 1971. During its early corporate history, Lewis Brown & Company held the dominant shareholding, reportedly controlling 94.9% of the company's shares. The business was subsequently acquired by Vanik Corporation in 1994, marking a change in ownership before its later integration into the Vallibel One group. The company joined the Colombo Stock Exchange in 1997. Its listing gave LB Finance a public-market identity and placed it among Sri Lanka's publicly traded finance companies. Over time, the company developed a nationwide operating model based on branches and customer-service locations, offering finance and related products to retail customers, vehicle owners, businesses and depositors. The opening of the 100th branch in Jaffna illustrated the geographic extension of the network beyond Colombo and other established commercial centres. In 2003, Dhammika Perera acquired LB Finance. The company subsequently became a subsidiary of Vallibel One, creating a connection with one of Sri Lanka's diversified corporate groups. Under this ownership structure, LB Finance continued to build its position in the non-bank financial sector and was described as becoming the second-largest licensed finance company. Its activities included vehicle and asset finance, leasing, consumer finance, deposits and business lending. Participation in Sri Lanka's Interbank Payment System broadened the company's role beyond traditional branch-based lending and deposit collection. LB Finance also differentiated parts of its customer proposition. It opened a premier customer centre in Cinnamon Gardens for high-value clients. The centre was designed with an environmentally conscious and luxurious setting, positioning it as a relationship-led service environment rather than simply a transaction outlet. At the other end of the market, the company's lending and branch infrastructure supported broader retail and SME access. The company remained visible in Sri Lanka's capital and brand markets. It was listed among the constituents of the S&P Sri Lanka 20 Index and received recognition from Brand Finance, which ranked it 24th in its list of Sri Lanka's 100 most valuable brands. LB Finance also placed 39th in the LMD 100 for the 2019/20 financial year. A notable capital-markets action occurred in January 2021, when the company announced a four-for-one share split. The reference material associates the action with a 38% increase in the share price. In the same broad period, LB Finance received several forms of external recognition. Fitch Ratings affirmed an A- rating with a stable outlook in September 2021. K Seeds Investments ranked LB Finance as the best-performing finance company among businesses with asset bases above one billion Sri Lankan rupees. The company also won the Financial Service Provider of the Year award at the 2021 SLIM-Nielsen People's Awards. LB Finance's operating and development agenda included support for small and medium-sized enterprises. It secured a US$15 million loan from FMO, the Dutch development bank, for SME-sector financing. During the COVID-19 pandemic, the company donated a ventilator to Maharagama Apeksha Hospital, linking its corporate profile with a public-health response. For the first quarter of the 2021/22 financial year, LB Finance reported profit of LKR 1.34 billion, described in the reference material as the highest result among 29 listed finance companies for that period. The company has also pursued expansion through acquisitions. In 2022, LB Finance bought a controlling interest in Multi Finance, acquiring 64% from Fairway Holdings for LKR 400 million. The transaction expanded its corporate footprint within Sri Lanka's finance-company industry. The supplied material further reports that LB Finance completed the acquisition of Associated Motor Finance Company PLC on 26 November 2025 in a transaction worth more than Rs. 4.1 billion. Together, these developments suggest a continuing strategy of consolidation alongside branch expansion, product development and institutional funding. LB Finance remains a Sri Lankan listed non-bank financial institution under the Vallibel One group. The available material identifies Sri Lanka as its operating market and does not substantiate the Myanmar association supplied in the initial metadata.

• 2025

  Associated Motor Finance acquisition

  [1]LB Financeen.wikipedia.org

  The supplied reference reports completion of the acquisition of Associated Motor Finance Company PLC on 26 November 2025.

• 2022

  Multi Finance investment

  [1]LB Financeen.wikipedia.org

  LB Finance acquired 64% of Multi Finance from Fairway Holdings for LKR 400 million.

• 2021

  Four-for-one share split

  [1]LB Financeen.wikipedia.org

  The company announced a four-for-one stock split.

• 2003

  Acquisition by Dhammika Perera

  [1]LB Financeen.wikipedia.org

  Dhammika Perera acquired the company, which subsequently became a Vallibel One subsidiary.

• 1997

  Colombo Stock Exchange listing

  [1]LB Financeen.wikipedia.org

  LB Finance became a listed company on the Colombo Stock Exchange.

• 1994

  Vanik Corporation acquisition

  [1]LB Financeen.wikipedia.org

  Vanik Corporation acquired LB Finance during a period of ownership transition.

• 1971

  Incorporation

  [1]LB Financeen.wikipedia.org

  LB Finance was incorporated as a Sri Lankan finance company.

A broad-based Sri Lankan non-bank financial institution combining consumer finance, asset and vehicle finance, deposits, SME lending and a nationwide customer network, with an additional premium-service proposition for high-value clients.

• Asset finance

  Vehicle and asset finance

  Vehicle and asset financing is a core part of LB Finance's non-bank financial-services proposition. The offering supports customers seeking finance for vehicles and other productive or personal-use assets, using the company's branch network and credit infrastructure to serve retail and business borrowers.

• Asset finance

  Leasing

  LB Finance provides leasing as part of its asset-finance portfolio. Leasing enables customers to use financed assets under structured repayment arrangements and complements the company's vehicle-finance activities.

• Retail finance

  Consumer and personal finance

  Consumer and personal finance products serve individual borrowers with financing needs outside conventional commercial banking. The available reference material identifies consumer finance as one of the company's principal business areas but does not specify individual product names or current terms.

• Business finance

  SME and business finance

  LB Finance lends to businesses and small and medium-sized enterprises. Its FMO funding was specifically intended to support the SME sector, making business finance an important part of the company's development and growth agenda.

• Deposit services

  Deposits

  Deposit products form part of LB Finance's funding and customer-service model. They allow customers to place funds with the licensed finance company, although the supplied sources do not provide a detailed list of account types or current rates.

• 2025

  Acquisition of Associated Motor Finance CompanyM&A

  Background

  The reported transaction formed part of LB Finance's expansion and consolidation activity in Sri Lanka's finance-company sector.

  Action taken

  LB Finance reportedly completed the acquisition of Associated Motor Finance Company PLC on 26 November 2025.

  Aftermath

  The acquisition added another finance-company business to LB Finance's corporate portfolio.

  Reported transaction value. More than Rs. 4.1 billion (26 November 2025)

  Source

• 2022

  Acquisition of a controlling stake in Multi FinanceM&A

  Background

  LB Finance sought to expand its presence in Sri Lanka's non-bank financial-services sector.

  Action taken

  It acquired 64% of Multi Finance from Fairway Holdings for LKR 400 million.

  Aftermath

  The transaction gave LB Finance a controlling interest in Multi Finance and increased its sector footprint.

  Acquisition price. LKR 400 million (2022)

  Source

• 2021

  Four-for-one share splitOther

  Background

  LB Finance pursued a capital-markets action while maintaining its status as a listed Sri Lankan finance company.

  Action taken

  The company announced a four-for-one split of its shares.

  Aftermath

  The reference material reports a subsequent 38% increase in the share price.

  Source

1. 1LB Financeen.wikipedia.org