L B Finance PLC has received regulatory approval from the Central Bank of Sri Lanka to establish a wholly owned subsidiary in the Philippines, marking the company’s latest step in expanding its regional footprint.

In a corporate disclosure to the Colombo Stock Exchange, the company said the Director of the Department of Supervision of Non-Bank Financial Institutions granted approval on 11 December 2025 to set up the subsidiary under the name LB Finance Philippines Inc.

The new entity will be established with an initial investment of USD 650,000 and will engage in providing financial services in the Philippines.

L B Finance added that a further announcement will be made once the incorporation process is completed and the required licenses are obtained for the commencement of operations.