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L B 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 financial services, tile and sanitary ware manufacturing and leisure.
Backed by a strong financial tradition of over 40 years, LBF offers a portfolio of financial solutions trusted widely by corporate, SMEs and individuals alike. As of 31st March 2014, the Company operated a network of 97 branches and 37 gold loan centers totaling to 134 outlets.
The public’s immense confidence in the Company’s dynamic and far-sighted conduct of business has propelled it to its dominant position in the market as business jumped to new highs on all fronts, from deposits to lending. Our activities will remain firmly focused as we continue to impress the business world with a refreshingly innovative and robust brand of financial stewardship.