LB Finance Annual Report 2023/24
Welcome to our annual report, where innovation meets insight. Dive into a dynamic digital journey through our achievements and milestones. Explore interactive data visualizations and engaging narratives that highlight our year's story in stunning HTML elegance. Discover how we've transformed vision into reality, and get inspired for the future ahead!
The Company
Vision
To contribute to the quality of life experienced by our depositors, customers, employees, and the general public through partnerships that fuel the growth of our Company and to create shareholder value both in the short term and long term
Mission
- To mobilise public funds by innovating investment products that will enhance the value delivered to our depositors
- To engage in prudent lending to entrepreneurs to assist them in the creation of wealth
- To embark on investments in which results can be clearly assessed and seize new opportunities in the market
- To offer a caring and personalised service that will form the foundation for developing lasting partnerships with our stakeholders, employees, and the general public
- To use training and career development to create an empowered and committed group of employees who will drive the Company to high levels of achievement
Goal
To be a major player in the financial services sector in Sri Lanka
Values
- Excellence
- Transparency
- Professionalism
- Ethics
- Innovation
- Quality
LB Finance PLC was established as a private limited liability company in May 1971 and converted into a public limited liability company in 1982. It became listed on the Colombo Stock Exchange in 1997, with Lewis Brown & Company Limited holding the majority of shares. In 1994, Vanik Incorporation Limited gained control of the Company. Later on, in 2003, the renowned Sri Lankan entrepreneur, Mr Dhammika Perera assumed ownership, integrating LB Finance PLC into Vallibel One PLC group, a diverse local conglomerate with interests spanning lifestyle, finance, aluminium, plantation, leisure, consumer, and investments. In June 2008, LB Finance PLC was re-registered under the new Companies Act No. 7 of 2007.
Today, we proudly stand among the top-tier Non-Banking Financial Institutions (NBFIs) in Sri Lanka, backed by 53 years of invaluable experience. Throughout the past five decades, we have played a crucial role in fostering prosperity for individuals and businesses across the island. With the trust and respect of millions earned along the way, we are widely acknowledged as the preferred financial services provider in Sri Lanka.
Visit our website for more information about LB Finance PLC
SIMPLICITY
Simplicity is the hallmark of our value proposition and the essence of how LBF operates
ACCESSIBILITY
Accessibility is at the heart of our brand promise to enable customers to access our financial services in their preferred medium
AFFORDABILITY
Affordability is the assurance we give to our customers that they will receive the best possible outcomes at the right price
PERSONALISATION
Personalisation is the key to our effort to meet the exact needs of all customer segments around the Country
KEY ATTRIBUTES THAT GIVES LBF
ITS COMPETITIVE EDGE IN THE MARKET
A UNIQUE CORPORATE CULTURE THAT SUPPORTS THE CREATION OF A
HIGHLY ENGAGED AND MOTIVATED WORKFORCE
PRUDENT COST MANAGEMENT TO ENABLE
A REDUCTION IN OUR COST TO INCOME RATIO
Strong captive market share representing an opportunity for
CONSISTENT REVENUE GROWTH
Experienced management team that brings together
THE BEST MINDS IN THE INDUSTRY
LBF
NBFI Sector