LCB Finance Eyes Rs. 20 Bn Asset Base Following Decade of Growth 📈

Lanka Credit and Business Finance PLC (LCB Finance) marked its 10th anniversary by announcing aggressive expansion targets and a move to its own premises in Galle. • Financial Performance (Provisional as at 31 March 2026): • Total Assets: Rs. 12,756 Mn. • Deposit Base: Rs. 6,294 Mn. • Net Profit: Rs. 315 Mn. • Net Asset Value (NAV) per share: Rs. 4.20. • Growth Strategy & Targets: • Asset Target: Aims to reach a Rs. 20 Bn asset base by 31 March 2027. • Network Expansion: Currently operating 23 branches; targeting 30 branches by the end of 2026. • Credit Rating: Upgraded to ‘BB (Stable Outlook)’ by Lanka Rating Agency, reflecting improved stability in the finance & leasing sector. • Key Milestones: • Founded in 2016 with an initial equity of Rs. 52 Mn. • Listed on the Colombo Stock Exchange in November 2021. • Relocated the Galle branch to a company-owned building in Wackwella to anchor regional operations. • Sector Focus: The company continues to diversify its portfolio in leasing, gold loans, and savings/fixed deposits to enhance customer reach and shareholder value.