LCB Finance posts 55% PBT growth, assets approach Rs. 13 b

Wednesday, 8 July 2026 00:03 - - {{hitsCtrl.values.hits}}

Executive/CEO K.G. Leelananda

AGM Finance and Strategic Planning Kelum Wannige

LCB Finance PLC yesterday said it has delivered a year of strong financial performance and strategic expansion for the financial year ended 31 March 2026, recording a 55% increase in Profit Before Tax (PBT) to Rs. 439 million while continuing to strengthen its position as one of Sri Lanka’s fast-growing finance companies.

The company’s total assets increased to Rs. 12.87 billion, marking a significant milestone within just a decade of operations. The performance reflects LCB Finance’s continued focus on sustainable growth, operational excellence, prudent risk management, and expanding access to financial services across the country.

Total operating income rose by 36.9% year-on-year to Rs. 1.34 billion, supported by strong lending and deposit mobilisation. Net interest income increased by 43.03% to Rs. 1.21 billion, reflecting effective balance sheet management and disciplined execution of the company’s growth strategy.

LCB Finance’s lending portfolio expanded by 32% to Rs. 10.30 billion, driven by continued demand across key sectors including SMEs, self-employment, housing, tourism, transport, cooperative enterprises, and women-led businesses. The company also recorded exceptional growth in its gold loan portfolio, which surged by 136%, highlighting increasing customer demand for secured short-term financing solutions.

Customer confidence remained strong throughout the year, with deposits growing by 35% to Rs. 6.29 billion. The sustained increase reflects the trust placed in LCB Finance by customers and its commitment to delivering secure and reliable financial services.

Supporting its long-term growth strategy, the company expanded its branch network to 23 locations with the opening of two new branches, including a Premier Branch in Wellawatte. The expansion enhances LCB Finance’s ability to provide convenient access to financial services, particularly in underserved and emerging regional markets.

Beyond financial performance, LCB Finance continued to invest in employee development through structured training programs, career advancement opportunities, and digital capability building. The company also reaffirmed its commitment to strong corporate governance, regulatory compliance, and ethical business practices while maintaining close engagement with the Central Bank of Sri Lanka and other stakeholders.

Looking ahead, LCB Finance plans to further accelerate its growth trajectory by opening seven additional branches before the end of 2026 while advancing its digital transformation agenda. Sustainability will remain central to the company’s long-term strategy as it continues to balance financial performance with social responsibility and inclusive economic development across Sri Lanka.