LB Finance Secures US$ 35 Mn Long-Term DFI Funding 📈

• Overall Funding: LB Finance PLC has secured a total of US$ 35 million in long-term funding, comprising US$ 20 million from Norfund (Norway) and US$ 15 million from Swedfund (Sweden). This marks the company's first partnership with these European Development Finance Institutions (DFIs). • Strategic Utilization: The funds will be utilized to support MSMEs, promote modern and climate-smart agricultural technologies, and finance electric and fuel-efficient hybrid vehicles to drive sustainable economic development. • Company Profile: As Sri Lanka’s second-largest Non-Bank Financial Institution (NBFI), LB Finance commands total assets exceeding Rs. 400 billion. It holds a stable credit rating of A-(lka) from Fitch Ratings and A+ from Lanka Rating Agency (LRA). • Impact & Context: The capital arrives at a time when long-term funding remains constrained in Sri Lanka. It will enhance financial inclusion, strengthen the company's balance sheet, and help align its ESG framework with global best practices through DFI technical assistance.