LCB Finance PLC | About Us

From Humble Beginnings to Financial Empowerment

Our Story

The company merged with City Finance Corporation Limited, a licensed Finance Company (Formally Industrial Finance: Limited) under the approval of the Central Bank of Sri Lanka. At the time of the merger, the Business name City Finance Corporation Limited was changed to Lanka Credit and Business Finance Limited. The word Limited was changed to PLC, listing the shares on the Colombo Stock Exchange. With the acquisition, the Finance License of CBSL granted in the Name of City Finance Corporation was transferred to the aforesaid new Business Name. These changes were executed with the approvals of the Registrar of Companies as appropriate.

LCBF’s business has grown significantly with its first branch in Galle and expanded to 8 branches in the Southern Province with the head office at Kohuwala. It reached the present level of 18 Branches.

LCBF’s primary focus is to provide accessible financial services to customers in suburban and rural areas, focusing on Micro, Small, and Medium Enterprises (MSMEs) clients. The company aims to assist MSMEs in increasing their income levels and self-employment opportunities. LCBF plans to uplift small and micro-level enterprises to the medium scale by identifying and categorizing MSMEs based on their resources and providing them with credit facilities.

Vision

To be the most popular Financial Service Provider in Sri Lanka.

Mission

To excel in providing Financial Services to the rural communities and small and medium entrepreneurs by developing products and services which are designed, to meet the specific financial requirements relating to the ongoing economic activities in the respective catchment areas of our existing and expanded branch network and be the financier to the growth of the rural economy, whilst continuing to develop our business relationships with corporate clients.

Journey of Achievements

Milestones

2016

On April 18th, 2016, Lanka Credit and Business Limited (LCBL) was established under the Companies Act No 7 of 2007 with registration no PB 5329.
May 16th, we launched our operations with our very first branch in Galle.

2017

LCBL Expands Branch Network:
08th March in Karandeniya
16th June in Mirissa
24th October in Palawatta

2018

In March 2018, LCB acquired City Finance Corporation LTD with approval from the monetary board of Central Bank in Sri Lanka.
After the acquisition, LCB changed its name to Lanka Credit And Business Finance Ltd (LCB finance Ltd) on June 29th, 2018.
LCB Finance Ltd opened its corporate office and branch in Kohuwala in Colombo Region on June 25th, 2018.
The sixth branch of LCBF was opened in Rathgama on October 16th, 2018.

2019

Achieved a B stable credit rating from ICRA"
Appointed as authorized money dealer by CBSL for currency exchange
Opened a new branch in Karapitiya

2020

Awarded "Emerging Finance Company of the Year" at South Asian Excellence Awards 2019.
Implemented e-finance core banking system.
Expanded reach with the opening of the eighth branch in Negombo.

2021

Recognized as the fastest growing non-banking financial firm in Sri Lanka by Global Economics, an organization based in London, UK.
Proud to have earned a B+ Stable (ICRA) credit rating, reflecting our commitment to financial stability and excellence. We ate now awaiting review of the rating by Lanka Rating Agency due to ICRA seizing business operations in Sri Lanka

Your Partner in Financial Growth

Why People Choose Us

Tailor-made solutions

We offer a range of flexible & personalized financial solutions catering to various financial goals, constraints, and risk tolerance levels.

Women Empowerment

We cater to the unique financial needs of women, by providing the tools and resources to achieve their goals & create a prosperous society for all

Business Consulting

Helping entrepreneurs & businesses navigate with personalized financial advice to make informed decisions, reduce risks, and achieve their goals.

Very competitive rates

We strive to provide rates that are both attractive and beneficial for customers who want to make the most of their money.

Consumer Consulting

Helping individuals and families make informed decisions about budgeting, debt management, savings, and investment strategies.

Secure Future

From savings accounts to investment options, our team of experts is committed to providing you with the guidance and support you need.

Creative Heading

Awards & Recognitions

Chairman's Message

As Chairman of the Board of Directors of LCB Finance PLC, I welcome you to our finance company’s website. Our dedicated team of professionals is committed to providing you with the best Financial Solutions in the Industry. With over 40 years of experience in the Financial Services Sector, I am honoured to lead this team. I hold a Master’s of Business Administration and a Bachelor’s in Business Administration. At LCBF, we put our customers first and believe in providing tailor-made financial solutions. We are confident in securing your financial future and look forward to serving you.

Thank you for choosing LCBF. We look forward to serving you.

Mr. Dushmantha Thotawatta

Chairman

CEO Message

As LCB Finance’s CEO, I lead a team of professionals committed to providing innovative financial solutions. I joined the company’s board in 2018 and saw the team’s dedication to meeting clients’ needs. Prior to this role, I was CEO at LCBL, where I helped bring the company to profitability. I also worked at Sanasa Development Bank PLC. My education includes a management degree, HR diploma, and Chartered licentiate. I have completed courses on private enterprise development, management in finance, and cooperative banking. LCBF prioritizes customized financial solutions and exceptional service.

Thank you for choosing LCBF as your financial partner. We look forward to serving you.

Mr. K.G. Leelananda

CEO/ Executive Director

The Driving Force behind Our Success

Board of Directors

Mr. Dushmantha Thotawatta

Chairman

Mr. K.G. Leelananda

Executive Director/CEO

Mr. Ranjan Lal Masakorala

Non-Executive Director

Mr. U.K. Harith Ruwan Ranasinghe

Non-Executive Director

Mr. Kapila Indika Weerasinghe

Non-Executive Director

Mr. Vijitha Lokunarangoda

Non-Executive Director

Mr. Gayan Kalhara Nanayakkara

Non-Executive Director

Mr. Ashwin Welgama Nanayakkara

Non-executive Director

MR. J. P. C. Jayalath

Independent Director

Mr. Mahesh Katulanda

Independent Non-Executive Director

Meet Our Visionaries

Founders & Shareholders

Mr. Bandula Weerasinghe Nanayakkara

Mr. Jagath Raja Weerasinghe Nanayakkara

Mr. KG Leelananda

CEO / Executive Director