Lanka Credit and Business Finance celebrates 1st anniversary

Wednesday, 26 June 2019 02:25 - - {{hitsCtrl.values.hits}}

LCB Finance Ltd. celebrated its first anniversary at the head office premises, No. 76, S. de. S. Jayasinghe Mawatha Kohuwala Nugegoda where the corporate branch is also located on 25 June. The celebrations commenced in the morning with the offering of ‘Heel Dhana’ to Mahasanga and chanting of ‘Seth Perith’ at the aforesaid premises, with the participation of its valued customers and the Board of Directors who were invited to be present and graced the occasion.

Chairman Professor W.M. Abeyrathne Bandara

CEO/Executive Director K.G. Leelananda

CEO/Executive Director Leelananda states that the company’s ambitious journey towards success commenced in the Southern Province Galle branch in the year 2016 having registered itself as ‘Lanka Credit and Business Ltd.’. With its steady growth it was able to acquire the Business of ‘City Finance Corporation Ltd.’ in 2018 and change its name to Lanka Credit and Business Finance Ltd. during the same year. The aforesaid activities were conducted under the guidance and approval of the Central Bank of Sri Lanka to whom it expresses its sincere thanks, when it celebrates this milestone in its brief history.

It has increased its Galle centred branch network to reach seven branches covering Kohuwala, Rathgama, Karandeniya, Mirissa, Karapitiya, and Pelawaththa and parallel to this growth it has provided employment opportunities to 106 individuals and will continue to provide more opportunities as it expands its business activities. As at 31 March the company has reached an asset base of Rs. 2,675 million, a share capital of Rs. 3,091 million and recorded a Pre Tax profit amounting to Rs. 274 million. It is now arranging to have its shares listed on the Colombo Stock Exchange, enhance its technology capabilities and serve the existing and prospective customers through an increased network of branches backed by its highly professional, skilled, experienced and courteous team ‘The LCB Finance Employees’ under the guidance of its professional and experienced Board of Directors.