Fitch Ratings has reaffirmed LB Finance PLC’s National Long-Term Rating at ‘BBB+(lka)’ with a Stable Outlook. The rating reflects LB Finance’s solid financial standing, characterized by superior profitability and asset quality compared to its peers. However, the company’s significant exposure to market risk through its extensive gold-backed lending business offsets these strengths. The rating also
The Colombo Stock Exchange ended on a positive note on Thursday, as indicated by the data on its website. The broader All Share Index increased by 0.29 percent, or 33.14 points, closing at 11,439. Meanwhile, the more liquid S&P SL20 Index rose by 0.62 percent, or 20.25 points, finishing at 3,285. The day’s turnover was
The Colombo Stock Exchange closed lower on Thursday, with the broader All Share Index falling by 0.52 percent, or 62.03 points, to 11,768. The more liquid S&P SL20 Index declined by 0.51 percent, or 17.48 points, to 3,439. Turnover reached 1.1 billion rupees, with significant contributions from John Keells Holdings Plc, which saw a turnover
LB Finance celebrated the traditional Awurudu festival on 19 April 2024 with great fervor, transforming its Corporate Office in Colpetty into a vibrant village scene. The staff adorned traditional Awurudu attire, immersing themselves in cultural activities that captured the essence of the festival. The event was marked by lively music and dance performances, creating an