LB Finance

What LB Finance does

LB Finance PLC is a publicly listed Sri Lankan non-bank financial institution (NBFI), founded in 1971, headquartered in Colombo, and operating as a subsidiary of the diversified conglomerate Vallibel One PLC. The company provides a full-stack financial services portfolio spanning lending (vehicle leasing, three-wheeler and motorbike leasing, vehicle refinancing, mortgage loans, education loans, pension loans, and Power Draft working-capital facilities), gold-backed lending segmented across agriculture, fisheries, self-employment and SME use cases, MSME financing through the LB SANMITHA integrated suite, Shari'ah-compliant Islamic finance under the Al Salamah brand (Mudarabah, Wakala, Ijarah, Murabaha, Diminishing Musharakah, Musharakah vehicle financing), deposit products (Regular, Senior Citizens, Premier, Little Heroes, LB CIM digital and Yasa Isuru fixed deposits), and transactional services including Western Union money remittance and foreign currency exchange across 19 major currencies at 200+ branches. It distributes through 175+ branches across all 25 districts of Sri Lanka, a wholly owned subsidiary in Myanmar with branches in the Bago and Magway regions, and a newly established subsidiary LB Finance Philippines Inc.

LB Finance runs on a hybrid physical-digital infrastructure. Following the February 2026 adoption of Snowflake's AI Data Cloud, the firm unified its data estate into a near-real-time platform, powering AI-driven credit risk assessment, anomaly-based fraud detection, biometric facial recognition with liveness checks for VKYC onboarding, voicebot-assisted call-centre operations, and recommendation engines for tailored product offers. The stack also includes Oracle Fusion (launched 2019), a cloud-based IT platform migrated in 2018, LankaPay and VISA card issuance, CEFTS/SLIPS interbank connectivity, and the LB CIM mobile wallet, with an ISO/IEC 27001:2022 information security certification. The company carries a Fitch A- (LKA) Stable rating, recognition from FITIS, NBQSA, SLIM Nielsen, LankaClear and SAFA, and ranks among Interbrand's top 20 Sri Lankan brands.

LB Finance generates revenue primarily from net interest margins on its lending book, spread between deposit interest paid and lending income earned, transaction fees on foreign exchange and remittances, and Shari'ah-compliant financing arrangements. Pricing is product-specific: fixed deposit AER ranges from 7.20% (1 month) to 13.50% (25-month senior tier), Premier Savings pay 4-7% p.a. tiered, gold loans are advertised at lowest-in-market rates with 3-minute approvals, MSME business loans span Rs. 100,000-25 million (NCGI-guaranteed up to 67% of principal), and AI-enabled underwriting compresses approval cycles. Reported profits grew from Rs. 1 billion (2010) to over Rs. 5 billion (2019) and the asset base exceeded Rs. 100 billion in 2017, with a multi-decade trajectory now extending into regional South-East Asian markets.

Name

LB Finance

Legal name

LB Finance PLC

Website

https://lbfinance.com

Company type

Public

Founded year

1971

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

LB Finance PLC is a Sri Lanka-listed non-bank financial institution providing vehicle leasing, gold-backed loans, MSME financing, savings, fixed deposits, Shari'ah-compliant Islamic finance, and digital banking across 175+ domestic branches plus operations in Myanmar and the Philippines.

Ownership category

akta.pro rank

Product category

Non-Bank Financial Services

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Depository Credit Intermediation (5221)

SIC

Finance Lessors (6172), Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

akta.pro secondary industries

Stored Value Ledger / Wallet Infrastructure (Non-Bank) (FSAMANAM), Islamic Corporate Banking (FSABAGAC), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF), Islamic Investment Banking & Capital Markets Services (FSABAGAG), Wealth Lending & Margin / Securities-Backed Lines (Retail) (FSAAAAAN)

Keywords

• Non-bank financial services
• Vehicle leasing
• Gold loan services
• Shariah-compliant finance
• Msme business loans

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain, Others

Revenue model

1. Loan and Leasing Income: Interest income from vehicle leasing, mortgage loans, personal loans, and business financing products
2. Gold Loan Interest: Interest income from gold-backed loans offered at competitive rates across multiple segments including agriculture, fisheries, and business
3. Fixed Deposit Interest Spreads: Income generated from spread between interest paid to depositors and interest earned on lending products
4. Money Exchange Services: Foreign currency exchange services at 200+ branches with 19 major currencies, earning commission on exchanges
5. Money Remittance Services: Western Union money transfer service for receiving international remittances through island-wide branches and sub-agents
6. Islamic Finance Products: Shari'ah-compliant financing including Murabaha, Mudarabah, Wakala, Ijarah, and Musharakah products under Al Salamah brand

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels10 records

Core offering

LB Finance PLC is a Sri Lankan non-bank financial institution that provides lending, leasing, deposits, savings, money remittance, currency exchange, and digital banking services to individuals and SMEs. Its portfolio spans conventional products (vehicle leasing, gold loans, fixed deposits, personal and pension loans) and Shari'ah-compliant Islamic finance (Al Salamah brand), distributed through 175+ branches nationwide and the LB CIM digital banking platform.

Product overview

LB Finance PLC is a Fitch-rated non-bank financial institution in Sri Lanka offering a comprehensive portfolio of financial products and services through both conventional and Islamic finance (Al Salamah) channels. The core product portfolio includes Vehicle Leasing (cars, three-wheelers, motorbikes), Vehicle Loans (refinancing), Mortgage Loans, Power Draft, Education Loans, Pension Loans, and Gold Loans across multiple segments including agriculture, fisheries, self-employment, and business communities. Savings products encompass Regular Savings, Little Heroes (minors), Senior Citizens, Premier Savings, and the digital-first LB CIM Digital Bank Account. Fixed Deposits are offered under the Yasa Isuru brand with terms from 1 month to 5 years. Additional services include Money Remittance (Western Union), Money Exchange (19 currencies), and Bill Payments. The Al Salamah Alternate Financial Services division provides Shari'ah-compliant products including Mudarabah, Wakala Investment/Financing, Ijarah, Diminishing Musharakah, Murabaha, and Musharakah Vehicle Financing. LB SANMITHA is an integrated MSME-focused suite combining Savings, Gold Loan, Business Loan, and Knowledge Platform. The company operates over 175 branches in Sri Lanka with 12 branches in Myanmar and a new subsidiary in the Philippines. Digital infrastructure includes LB CIM mobile wallet, Snowflake AI Data Cloud platform, and Oracle Fusion finance module.

Differentiator

Problem solved

Functional benefit

Brands

• LB Al-Salamah: Islamic finance brand offering Shari'ah-compliant financial products including Mudarabah savings, Wakala financing, Ijarah leasing, Murabaha trade financing, Diminishing Musharakah, and Musharakah vehicle financing. Launched in 2010.
• LB CIM
• LB SANMITHA
• Yasa Isuru

Products and services

• Vehicle Leasing Lease financing for any vehicle or equipment with competitive interest rates, 24-hour application processing, CDM machine repayments, and free standing orders. Targeted at individuals and businesses seeking vehicle financing.
• Three Wheeler & Motorbike Leasing Specialized leasing for three-wheelers and motorbikes with 25% LTV ratio at competitive interest rates and extended repayment term up to 6 years.
• Vehicle Loans Top-up loan and refinancing facility for existing leased vehicles to obtain additional financing against the remaining value. Available to new and existing customers.
• Power Draft Cash facility against pledged assets such as vehicles or real estate. Interest paid monthly with principal repayment at maturity. Includes CDM machine repayments and free standing orders.
• 'Pragathi' Education Loan Education financing for students and professionals pursuing higher education. Joint loan facilities available with parents or spouse as co-applicants.
• 'Kruthahastha' Pension Loan Personal financing for pension income earners registered with the Department of Pensions. Maximum tenure up to 15 years at competitive interest rates.
• Gold Loan Gold-backed loans offered at minimum interest rates with approval in 3 minutes and flexible repayment terms of 1, 3, 6, 9, or 12 months. Maximum advance up to Rs. 3 Mn with automatic insurance coverage. Specialized variants serve agriculture, fisheries, self-employed individuals, and business community.
• Regular Savings Standard savings account with tiered interest rates based on daily balance, VISA debit card, POS transactions, ATM withdrawals, and free LB e-connect facility.
• Little Heroes Savings Minor savings account for children with tiered interest rates. Guardian authorization required. Minimum balance Rs. 500 with no opening or maintenance fees.
• Senior Citizens Savings Savings account for individuals aged 60+ with tiered interest rates, VISA debit card, free internal standing orders, and free LB e-connect access.
• LB CIM Digital Bank Account Digital-first savings account accessible via smartphone with 4% p.a. interest on CIM balance. Features include bill payments, Lanka QR merchant payments, loan/interest payments, and zero paperwork account opening.
• Premier Savings Higher-tier savings account with tiered interest rates of 4-7% p.a. and VISA-enabled debit card. Features free LB e-connect and SLIPS/CEFTS transfers. Effective 12 November 2025.
• Yasa Isuru Fixed Deposits Fixed deposit product with tenure-based interest rates from 1 month to 5 years (7.20% to 13.50% AER). Interest credited at maturity or monthly. Loan facilities up to 80-85% of deposit value. Minimum Rs. 5,000.
• Money Remittance (Western Union) Western Union money transfer service for receiving money globally across 200+ countries with 500,000+ agent locations. Available island-wide through LB Finance branches and sub-agents with extended operating hours including Saturdays.
• Money Exchange Foreign currency exchange service at 200+ branches with 0% commission and competitive rates. Deals in 19 major currencies including USD, GBP, EUR, AUD, JPY, and others.
• Bill Payments Utility bill payment service available through the LB CIM app and over-the-counter at branches.
• Al Salamah (Islamic Financial Services) Shari'ah-compliant Islamic financial services brand offering savings, deposits, investments, leasing, and trade financing. Operates under a dedicated Shari'ah Supervisory Board and in-house Shari'ah advisor.
• Mudarabah Savings & Investment Islamic profit-sharing partnership where investor provides capital and LB Al Salamah manages the investment. Profits distributed according to pre-agreed ratio with ethical and transparent practices.
• Wakala Investment Islamic agency agreement where LB Al Salamah acts as agent to invest funds in Shari'ah-compliant activities. Riba-free with transparent agency fee structure.
• Wakala Financing Shari'ah-compliant agency-based financing for corporates, SMEs, and MSMEs. Provides ethical working capital solutions.
• Ijarah (Islamic Leasing) Shari'ah-compliant leasing where lessor transfers usufruct of asset to lessee for pre-agreed rental payment, with option for ownership transfer at end of term.
• Diminishing Musharakah Joint ownership financing where client gradually buys LB Al Salamah's share through periodic installments. Suited for property, machinery, vehicles, or working capital.
• Murabaha Cost-plus-profit sale contract under Shari'ah principles. LB Al Salamah purchases goods and sells to customer at disclosed cost plus pre-agreed profit margin.
• Musharakah Vehicle Financing Joint ownership partnership for vehicle financing. Client and LB Al Salamah co-own the vehicle with rent payments on LB Al Salamah's share until full ownership transfer.
• LB SANMITHA Business Loan Unsecured MSME business loans from Rs. 100,000 to Rs. 2 million, extendable up to Rs. 25 million with NCGI guarantee. Streamlined application with customizable repayment terms for entrepreneurs.
• LB SANMITHA Gold Loan Short-term liquidity through gold pledging with preferential interest rates exclusively for LB SANMITHA clients. Quick disbursement with minimal documentation.
• LB SANMITHA Savings Account MSME savings account with 5-7% p.a. interest rates. Minimum deposit Rs. 1,000 with CIM Wallet integration for unified digital management.
• LB SANMITHA Knowledge Platform Customer empowerment platform providing product education, financial literacy, business guidance for MSMEs, and agricultural insights.
• LB CIM Mobile Wallet Mobile wallet by LB Digital Financial Services for contactless transactions, bill payments, QR payments, and insurance premium payments. Earns 4% p.a. interest on balance.
• Mortgage Loans Home loan products offered through a dedicated mortgage loans platform (homeloans.lbfinance.com) for individuals seeking property financing.

Quantifiable outcome

• Report generation time reduced from hours to seconds with Snowflake AI Data Cloud implementation
• +5 more outcomes

Named customers7 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability8 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• SnowflakecoreTechnology or Integration · 24 February 2026LB Finance adopted Snowflake's AI Data Cloud platform to modernize and unify its data ecosystem, enabling transition from physical branches to digital-first services. The implementation delivered measurable results including report generation time reduced from hours to seconds, near real-time data availability, and AI-driven capabilities for credit risk assessment, fraud detection, and faster loan approvals. Looking ahead, LB Finance aims to advance toward predictive intelligence with real-time fraud insights and context-aware financial product offers.
• Western UnioncoreChannel Partner/ Reseller/ DistributorWestern Union money transfer service is represented in 200+ countries and territories with over 500,000 agent locations worldwide. LB Finance serves as a receiving agent for Western Union remittances island-wide through its branches and sub-agents, offering the longest operating hours including Saturdays.
• National Credit Guarantee Institute (NCGI)coreStrategic or Co-development PartnerNCGI partnership enables LB Finance to offer enhanced loan products with reduced risk exposure while supporting entrepreneurs who may have limited collateral. The collaboration provides credit guarantees covering up to 67% of principal outstanding for eligible loans ranging from Rs. 500,000 to Rs. 25,000,000, strengthening access to finance for Micro, Small and Medium Enterprises (MSMEs).
• LankaClear (Pvt.) LimitedcoreTechnology or IntegrationLB Finance has won multiple Technnovation Awards from LankaClear, including Most Popular Digital Payment Product awards for LB CIM mobile banking. The company is integrated with common electronic fund transfer systems including CEFTS (Common Electronic Fund Transfer Switch) and SLIPS (Sri Lanka Interbank Payment System) enabling interbank digital payments.
• Credit Information Bureau of Sri Lanka (CRIB)coreTechnology or IntegrationLB Finance Managing Director Niroshan Udage serves as a Director of Credit Information Bureau of Sri Lanka (CRIB). The company uses CRIB for credit information sharing and borrower creditworthiness assessment.
• Finance Houses Association of Sri Lanka (FHA)coreStrategic or Co-development PartnerLB Finance Managing Director serves as Chairman of the Finance Houses Association of Sri Lanka (FHA). The company is a member of FHA which represents non-bank financial institutions in Sri Lanka.
• VISAcoreTechnology or IntegrationLB Finance offers VISA-enabled debit cards for Premier Savings, Senior Citizens Savings, and Regular Savings accounts, enabling POS transactions and international ATM withdrawals at VISA-enabled machines. The company also introduced VISA shopping cards in 2015.
• National Enterprise Development Authority (NEDA)minorStrategic or Co-development PartnerPartnership with NEDA to facilitate Business Registration (BR) acquisition support for LB Sanmitha customers who need BR documentation.
• OraclecoreTechnology or IntegrationLB Finance successfully launched ORACLE Fusion finance module in 2019 as part of digital transformation initiatives.

Scale indicators11 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• LOLC Finance PLC: Sri Lanka's largest non-bank financial institution, offering microfinance, SME, and consumer lending, leasing, and Islamic finance. Directly comparable to LB Finance in product mix, target segments, and regulatory category.
• People's Leasing & Financial Services: Major Sri Lankan NBFI with leading market share in vehicle leasing and personal loans. Closely comparable in core leasing and deposit-taking franchise.
• Commercial Leasing Company: Sri Lankan NBFI specializing in leasing, hire purchase, and business loans. Directly comparable on vehicle leasing and consumer credit products.
• HNB Finance: Sri Lankan NBFI offering leasing, gold loans, fixed deposits, and personal loans. Comparable in product range, customer segments, and NBFI regulatory category.
• Central Finance PLC: Long-established Sri Lankan NBFI focused on vehicle financing, hire purchase, and deposits. Comparable in core vehicle leasing franchise and deposit-gathering model.
• Softlogic Finance: Sri Lankan NBFI providing leasing, loans, and Islamic finance products. Comparable in NBFI classification and consumer/SME lending focus.
• Senkadagala Finance: Sri Lankan NBFI offering leasing, gold loans, savings, and fixed deposits. Directly comparable in product mix and target customer segments.
• Nation Lanka Finance: Sri Lankan NBFI providing leasing, gold loans, and personal financing. Directly comparable in NBFI product set and customer base.

Broad incumbents

• MBSL Savings Bank: Sri Lankan licensed specialized bank accepting deposits and extending credit. Broader incumbent in deposit-taking and lending, providing context for LB Finance's NBFI positioning versus banking peers.
• Bajaj Finance: Large Indian NBFC with consumer lending, SME, and digital finance franchises. Useful as a scaled regional NBFI benchmark for digital transformation and product diversification.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/LBFinancePLC
• YouTubeyoutube.com/@LBTVOne
• Facebookfacebook.com/LBFinancePLC
• LinkedInlinkedin.com/company/lb-finance-plc
• Instagraminstagram.com/lbfinanceplc
• TikToktiktok.com/@lbfinanceplcofficial
• Pinterestpinterest.com/lbfinanceplc

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LB Finance