L B Finance PLC operates under the purview of the Central Bank of Sri Lanka as a Registered Finance Company ("RFC") under the Finance Companies Act No. 78 of 1988. The company was incorporated on 30th May 1971 under the Companies Ordinance of No. 51 of 1938 as a private company and subsequently converted into a public company on 29th September 1982. It was listed on the Colombo Stock Exchange on the 30th of December 1997. As a public listed company, L B Finance is subject to the rules and regulations of the CSE, CDS and SEC. L B Finance is rated BBB+/P2 with a stable outlook by RAM Ratings Sri Lanka.
The company is engaged in providing financial services such as leasing, hire purchase, mortgage loans, gold loans, fixed deposits and Islamic finance products.