LB Finance sets stage for deeper push into two- and three-wheeler financing: Analysts

THE country’s retail vehicle financing market is heading for a reshuffle as LB Finance (LFIN) absorbs Associated Motor Finance (AMF), with First Capital Research (FCR) projecting that the merger will open a new growth phase for LFIN’s loan book over the next two years.

- 

FOR said in a research note that LFIN’s full acquisition of AMF, approved by the Central Bank’s Governing Board and now converted into a mandatory offer effective 29 October, positions the company to expand into a market niche it has not meaningfully captured before. The Central Bank has indicated that the merger process should be concluded by 31 March 2027.