VALLIBEL FINANCE TO RAISE RS. 2.12 BILLION TO REINFORCE CAPITAL BASE AND DRIVE EXPANSION
Vallibel Finance PLC has announced plans to raise approximately Rs. 2.12 billion through a Rights Issue of new ordinary voting shares, in a strategic initiative aimed at strengthening its Tier I capital and supporting the company’s next phase of growth and expansion.
The move, approved by the Board of Directors at a meeting held on January 9, 2026, will see the issuance of 29,431,675 new ordinary voting shares at a price of Rs. 72 each. The Rights Issue will be offered to existing shareholders on a pro-rata basis, granting one new share for every eight shares held as of the entitlement date. This structure ensures that current shareholders are given priority in subscribing to the new shares, enabling them to maintain their proportional ownership while contributing to the company’s capital enhancement.
The capital raise forms part of a broader strategy by Vallibel Finance to reinforce its financial foundation, enhance regulatory capital buffers, and position the company to capitalize on emerging opportunities within Sri Lanka’s evolving financial services landscape. Strengthening Tier I capital is expected to support increased lending capacity, improve resilience, and enable sustained business expansion.
Re-launched in 2007 under the leadership of Chairman, Mr. Dhammika Perera and Managing Director, Mr. Jayantha Rangamuwa, Vallibel Finance has achieved remarkable growth, emerging as one of Sri Lanka’s top five finance companies within a record breaking period of just 19 years. The company offers a comprehensive portfolio of financial products and services, backed by a strong capital base and a reputation for stability, innovation, and customer-centricity.
Demonstrating its rapid growth trajectory, Vallibel Finance became the fastest financial institution in the country to surpass Rs. 100 billion in assets within just 17 years of operations. This milestone underscores the company’s consistent performance and its ability to scale efficiently in a competitive market environment. The company’s achievements have been recognized regularly, including multiple accolades as “Best Finance Company” by The Global Economics, reflecting its strong governance standards and forward-looking strategy.
Further reinforcing its credibility, Vallibel Finance holds an “A-” (LRA) credit rating along with an “A” brand rating, signaling confidence in its financial discipline, risk management practices, and long-term strategic direction. These ratings serve as a testament to the company’s prudent management and its ability to navigate dynamic market conditions.
In parallel with its financial growth, the company has embraced digital transformation as a core pillar of its strategy. By offering fully integrated financial solutions across multiple digital platforms, Vallibel Finance continues to enhance accessibility, convenience, and customer engagement. Its digital-first approach has strengthened its brand positioning and enabled it to stay ahead in an increasingly technology-driven financial ecosystem.
The company’s nationwide presence remains a key competitive advantage. With an expanding network of 87 branches and a workforce of over 2,200 employees, Vallibel Finance is well-positioned to serve a diverse customer base across urban, semi-urban, and rural markets. This extensive footprint supports effective deposit mobilization, lending growth, and deeper customer relationships, reinforcing its reputation as a trusted and accessible financial services provider.
With a solid financial foundation, strong governance framework, and a clear focus on innovation and expansion, Vallibel Finance is poised to leverage new growth opportunities while maintaining resilience in a changing economic environment. The company remains committed to delivering sustainable value to its stakeholders and contributing meaningfully to the advancement of Sri Lanka’s financial sector.
