LCB Finance celebrates first anniversary | Daily News

LCB Finance celebrates first anniversary

CEO/Executive Director, K.G. Leelananda and other officials at the first anniversary celebrations
CEO/Executive Director, K.G. Leelananda and other officials at the first anniversary celebrations

Lanka Credit and Business Finance (LCB Finance Ltd) celebrated its first anniversary at their head office and corporate branch premises, at S. de. S. Jayasinghe Mawatha Kohuwala, Nugegoda recently.

The celebrations commenced in the morning with the offering of ‘Heel Dhana’ to Mahasanga and chanting of ‘Seth Perith’ at the aforesaid premises, with the participation of their customers and the Board of Directors.

CEO/Executive Director, K. G. Leelananda said that the company’s ambitious journey towards success commenced from the Southern Province Galle branch in the year 2016 having registered itself as ‘Lanka Credit and Business Ltd.’

“With our steady growth we were able to acquire the Business of ‘City Finance Corporation Ltd.’ in 2018 and re brand it as ‘Lanka Credit and Business Finance Ltd’, during the same year. This was conducted under the guidance and approval of the Central Bank of Sri Lanka to whom we expresses our sincere thanks, when we celebrate this milestone in our brief history”.

LCB Finance Ltd has also increased our Galle centered branch network to reach seven branches covering Kohuwala, Rathgama, Karandeniya, Mirissa, Karapitiya and Pelawaththa.

“Parallel to this growth we have provided employment opportunities to 106 and will continue to provide more opportunities as we expand our business activities”.

As at March 31, the company has reached an asset base of Rs. 2,675 million, a share capital of Rs. 3,091 million and recorded a Pre Tax profit amounting to Rs. 274 million. “LCB Finance Ltd is now looking at listing our shares on the Colombo Stock Exchange.

In addition we will enhance our technology capabilities and serve the existing and prospective customers through an increased network of branches.

This will be backed by highly professional, skilled, experienced and a courteous team of staff under the guidance of our professional and experienced Board of Directors,” said Chairman Professor, W. M. Abeyrathne Bandara.

 


 

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