Wednesday May 13, 2026
Wednesday May 13, 2026
Thursday, 7 May 2026 05:49 - - {{hitsCtrl.values.hits}}
LCB Finance PLC recently 10 years, reflecting on a decade of steady growth, key milestones, and expanding customer reach, while outlining ambitious plans for the future.
Founded on 18 April 2016 in Galle as Lanka Credit and Business Finance Ltd., the company commenced operations at Pettigalawatta with an initial equity of Rs. 52 million. Within its first financial year, LCB Finance recorded a profit of Rs. 37 million, supported by a lean team of nine employees.
Under the leadership of Chief Executive Officer/Executive Director K.G. Leelananda, the company secured its finance business licence from the Central Bank of Sri Lanka on 18 July 2018, marking a critical step in its institutional development.
A major milestone followed in November 2021, when the company was listed on the Colombo Stock Exchange, adopting its current name, Lanka Credit and Business Finance PLC.
Commemorating its 10th anniversary, LCB Finance hosted a celebration attended by its Board of Directors and staff, coinciding with the relocation of its Galle branch to newly acquired premises.
Addressing the gathering, CEO Leelananda highlighted the company’s rapid expansion, noting that LCB Finance has built a network of 23 branches within a relatively short period, with plans to expand to 30 branches by end of 2026. He stated that this growth trajectory is expected to support the company’s target of achieving an asset base of Rs. 20 billion by 31 March 2027.
As at 31 March 2026, LCB Finance reported total assets of Rs. 12,756 million, a deposit base of Rs. 6,294 million, and a net profit of Rs. 315 million, while its net asset value per share stood at Rs. 4.20, subject to audit.
The company offers a broad portfolio of financial solutions across its branch network, including fixed deposits, leasing facilities, gold loans, and a range of savings and deposit products designed to cater to diverse customer segments.
Management attributed the company’s sustained growth to strong customer trust and shareholder confidence built over the past decade, supported by a service-oriented approach and a committed workforce.
In parallel with the anniversary celebrations, LCB Finance also marked the relocation of its first branch in Galle from a rented facility to a fully owned building in Wackwella on 21 April 2026. The event was attended by customers, prospective depositors, representatives from the cooperative sector, and other distinguished invitees, and was preceded by religious observances including an all-night Pirith ceremony and almsgiving.
Leelananda noted that the company’s credit rating has been upgraded to ‘BB (Stable Outlook)’ by the Lanka Rating Agency during its first decade of operations, reflecting improved financial strength and stability.
Looking ahead, LCB Finance said it will continue to leverage technology and innovative strategies to enhance customer experience across its lending, leasing, gold loan, savings, and fixed deposit offerings, while remaining focused on delivering sustainable returns to shareholders and long-term value creation.
