Product & Service Launches / Business ExpansionsBanking & Financial Services
🇱🇰 LB Finance Expands Internationally via New Philippines Subsidiary
Sri Lanka’s financial services sector player LB Finance PLC has officially established its first overseas subsidiary, marking a key milestone in the company's regional expansion. • Key Developments: • Incorporated LB Finance Philippines Inc. in the Republic of the Philippines as a fully registered subsidiary. • Received both the Certificate of Incorporation and authority to operate as a finance company, dated 1 September 2026. • Strategic Impact: • Represents LB Finance's first formal footprint outside Sri Lanka, supporting geographical diversification within the non-banking financial institutions (NBFI) industry.
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