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LB Finance achieves 'A+' rating from LRA

February 24, 2026

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Daily FT

Move reflects strong asset quality and financial resilience

LB Finance PLC, has been awarded an 'A+' credit rating with a Stable outlook by Lanka Rating Agency (LRA), underscoring the company's strong credit fundamentals, superior asset quality, and robust capital position.

The rating places LB Finance among the top-tier non-banking financial institutions in the country, a statement from the Company said.

The 'A+' rating is based on the company's financial performance and position as at end-September 2025, reflecting its solid market standing, resilient profitability, and disciplined risk management framework. As at September 2025, LB Finance accounted for 12.3% of total sector assets and 12.4% of sector deposits, highlighting its scale and systemic relevance within the licensed finance company sector.

المزيد من القصص من Daily FT

Daily FT

Reform momentum critical for Sri Lanka: IMF Resident Rep.

Speaking at Softlogic Stockbrokers Investor Forum, urges shift from stabilisation to transformation through trade liberalisation, digitalisation and labour market reform Emphasises fiscal credibility, rebuilding buffers, Central Bank independence and stronger governance Says sustaining EFF track record vital for investor confidence and protecting vulnerable groups

time to read

3 mins

February 24, 2026

Daily FT

Daily FT

Is racism dead, dying or alive and kicking?

AS citizens, we must realise that this country will never develop into a state of peace and prosperity so long as the evil of racism and racist attitudes persist among the people.

time to read

4 mins

February 24, 2026

Daily FT

IRD introduces Privilege Card for compliant individual taxpayers

THE Inland Revenue Department (IRD) has introduced a Privilege Card scheme for individual taxpayers as a measure to recognise and reward those who meet specified compliance and payment criteria.

time to read

2 mins

February 24, 2026

Daily FT

Daily FT

Why data centres?

IN the aftermath of the hype overdrive that was the AI Impact Summit in Delhi, this question carries with it the risk of being called all kinds of names.

time to read

4 mins

February 24, 2026

Daily FT

Minister admits inferior coal supplied, denies fraud in tender process

AGRICULTURE Minister K.D. Lalkantha yesterday acknowledged that inferior quality coal had been supplied under a recent tender, but rejected allegations of fraud or corruption in the procurement process.

time to read

1 min

February 24, 2026

Daily FT

Batik Air resumes Colombo-Kuala Lumpur flights from 30 March with four weekly services

BATIK Air will relaunch operations to Sri Lanka from 30 March with four weekly flights between Colombo and Kuala Lumpur, restoring direct connectivity that industry stakeholders say will support tourism, trade, and cargo flows between the two countries.

time to read

1 mins

February 24, 2026

Daily FT

Sajith claims ninth coal shipment below standard, questions output

OPPOSITION Leader Sajith Premadasa yesterday alleged that the ninth coal shipment imported to the country is of inferior quality, citing real-time operational data.

time to read

1 min

February 24, 2026

Daily FT

Gulf Air ups Colombo flights to 10 weekly on strong Ramadan demand

GULF Air, the national carrier of the Kingdom of Bahrain, has increased flight frequencies between Bahrain and Colombo to 10 flights per week from daily operations.

time to read

1 mins

February 24, 2026

Daily FT

Banks step up AML controls as Sri Lanka braces for critical mutual evaluation

SRI Lanka's banking leaders said the country's upcoming third Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) mutual evaluation is a make-or-break moment for the financial system, warning that a negative outcome would severely damage credibility and access to global funding.

time to read

1 mins

February 24, 2026

Daily FT

Vidullanka adds 6MW to national grid

VIDULLANKA PLC celebrated the opening of its newest solar facility, the 6MW Madampe solar plant, on 21 February.

time to read

1 min

February 24, 2026

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