LB Finance

L B Finance PLC
Company typePublic
ISINLK0301N00008
IndustryFinancial services
FoundedMay 30, 1971; 53 years ago (1971-05-30)
Headquarters,
Sri Lanka
Key people
  • G. A. R. D. Prasanna (Chairman)
  • Sumith Adhihetty (Managing Director)
RevenueIncrease LKR42.756 billion (2023)
Increase LKR22.141 billion (2023)
Decrease LKR8.460 billion (2023)
Total assetsIncrease LKR183.018 billion (2023)
Total equityIncrease LKR38.428 billion (2023)
Owners
Number of employees
Decrease 3,562 (2023)
ParentVallibel One
Subsidiaries
  • L B Microfinance Myanmar (100%)
  • Multi Finance PLC (64.63%)
Websitewww.lbfinance.com
Footnotes / references
[1]

L B Finance PLC sometimes spelt LB Finance, is a Sri Lankan non-bank financial institution. The company is incorporated in 1971 and initially, the majority of shares were held by Lewis Brown & Company. The company was listed on the Colombo Stock Exchange in 1997. In 2003, Dhammika Perera acquired the company and became a subsidiary of Vallibel One. Currently, the company is one of the components of the S&P Sri Lanka 20 Index. Brand Finance ranked the company 24th in the 100 most valuable brands in Sri Lanka.[2] The company placed 39th in the LMD 100 for the financial year 2019/20.[3]

  1. ^ "Annual Report 2022/23" (PDF). cse.lk. L B Finance PLC. Retrieved 9 June 2023.
  2. ^ "LB Finance". brandirectory.com. Brand Finance. Retrieved 13 November 2021.
  3. ^ "Top 50 chronology". lmd100.lk. LMD. Retrieved 13 November 2021.