LB Finance relocates Gampola Branch

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By 2017-10-13

LB Finance, Sri Lanka's pioneer in innovative financial services, recently relocated its Gampola Branch to a new location at 66, Nawalapitiya Road, Gampola on 12 October 2017. This occasion was graced by Executive Directors Niroshan Udage and March Perera and senior management staff of LB Finance, stated a press release.

LB Finance saw a positive performance overall for the year ended March 31, 2017, added the release. Profit before tax on financial services grew by 17%, reaching Rs 6.9 billion for the financial year 2016/17, the highest recorded among all players in the Non-Banking Financial Institutions (NBFI) Sector for the year.

Its total assets reached Rs 102.8 billion as at March 31, 2017, a growth of 21.6% over the previous year. LB Finance PLC's long term rating of 'A-(lka)'; Outlook Stable was affirmed by Fitch Ratings Lanka Ltd during the annual ratings review of NBFI, the release concluded.

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