L B Finance PLC is a diversified holding company with strategic investments in financial services, tile and sanitary ware manufacturing, and leisure. The Company's principal activities includes acceptance of deposits, maintenance of savings accounts, granting lease and hire purchase facilities, micro finance facilities, gold loans, vehicle loans, mortgage loans, factoring, margin trading, Islamic finance facilities and value added services. As of March 31, 2013, the Company operated a network of 89 branches, 37 gold loan centres totalling to 126 distribution channels. During the fiscal year ended March 31, 2013, the Company opened 14 channels. Its ultimate holding company is Vallibel One PLC.
Executive Deputy Chairman: Mr K.D.D. Perera
Managing Director: Mr J.A.S.S. Adhihetty
Mr N. Udage (Executive Director)
Mrs K. Fernando
Mr L.N. de S Wijeyeratne (Independent Non-Executive Director)
Mr B.D. St. Auburn Perera (Executive Director)
Mr W.D.N.H. Perera
Mrs A.K. Gunawardena (Independent Non Executive Director)
1. 5,771,428 Ordinary Shares of the Company were allotted on 19th October 2006, pursuant to a 2:5 Bonus Issue.
2. 10,100,000 Ordinary Shares of the Company were allotted on 27th November 2007, pursuant to a 1:2 Rights Issue @ Rs. 17.00.
3. 4,328,571 Ordinary Shares of the Company were allotted on 28th July 2008, pursuant to a 1:7 Rights Issue @ Rs. 17.00.