LCB FINANCE LTD. ADJUDGED “EMERGING FINANCE COMPANY OF THE YEAR 2009”

LCB FINANCE LTD. ADJUDGED “EMERGING FINANCE COMPANY OF THE YEAR 2009”

At the 4th addition of South Asian Business Excellence Awards 2009, Lanka Credit and Business Finance Ltd., was honored with the award “EMERGING FINANCE COMPANY OF THE YEAR – 2009’. This Finance Company the first to register itself in the southern province is also the first such finance company in the province to gain such an achievement. The award ceremony was held at Hilton Colombo on 14th November 2019 under the patronage of the former President HE Maithripala Sirisena. Mr. K.G. Leelananda CEO/ Executive Director having excepted the award stated that they are rewarded for their untiring efforts to repay the Depositors of the troubled City Finance Corporation Ltd, which the company undertook to implement based on a time bound repayment program which has been successfully implemented to date; and secondly they were able to turnaround the company to a profitable institution within a short period implementing a Management Restructuring plan backed by effective IT backing. During this period the company gained a risk rating “B Stable” by ICRA Rating agency, whilst adhering to the Capital adequacy and other regulatory requirements. He expressed his gratitude to the Board of Directors for their guidance and the stake holders for the trust they have placed in the company, that led to achieving this award, which would in turn enhance the reputation of the company among its valued customers. He is confident of maintaining a steady growth and will establish the presence of the company in Negombo fondly known as the “Little Rome” on 5th November 2019, thereby extending their branch network to eight. This would facilitate the general public and the business men in Negombo to enjoy the benefits of our best financial services offered by way Business loans, Home loans, gold Loans and leasing and attractive savings products from kids to elders. He took pride in thanking the entire staff of Lanka credit and Business Finance Ltd., for their commitment, dedication to duty and contribution to raise the company to its present status and achieve this prestigious award. He did not forget to thank the customers Banks and sister financial institutions for the trust they have placed in the company and for the support extended to them.