Vallibel Finance PLC has revealed its intention to secure roughly Rs. 2.12 billion through a Rights Issue of new ordinary voting shares. This initiative is part of a strategic effort to enhance its Tier I capital and facilitate the next stage of the company’s growth and expansion.
This initiative received the green light from the Board of Directors during a meeting on January 9, 2026. The company plans to issue 29,431,675 new ordinary voting shares, each priced at Rs. 72. The Rights Issue will be available to existing shareholders on a pro-rata basis, allowing them to acquire one new share for every eight shares they hold as of the entitlement date. This arrangement prioritizes current shareholders, enabling them to maintain their proportional ownership while contributing to the company’s capital improvement.
The capital increase is part of a larger strategy by Vallibel Finance to strengthen its financial stability, enhance regulatory capital reserves, and prepare the company to seize new opportunities in Sri Lanka’s evolving financial services sector. Boosting Tier I capital is anticipated to enhance lending capabilities, improve resilience, and support continuous business development.
Since its re-launch in 2007 under the leadership of Chairman Mr. Dhammika Perera and Managing Director Mr. Jayantha Rangamuwa, Vallibel Finance has experienced exceptional growth, emerging as one of the leading five finance companies in Sri Lanka within a remarkable span of just 19 years. The firm provides a wide array of financial products and services, supported by a robust capital foundation and a reputation for stability, innovation, and a customer-focused approach.
Highlighting its rapid growth, Vallibel Finance became the fastest financial institution in the nation to exceed Rs. 100 billion in assets within just 17 years of operation. This achievement underscores the company’s consistent performance and its capability to scale efficiently in a competitive market landscape. Vallibel Finance has received numerous awards, including recognition as the “Best Finance Company” by The Global Economics, which reflects its strong governance and forward-thinking strategy.
Additionally, Vallibel Finance boasts an “A-” (LRA) credit rating and an “A” brand rating, which indicates confidence in its financial management, risk assessment practices, and long-term strategic planning. These ratings affirm the company’s prudent administration and its ability to navigate fluctuating market conditions.
Alongside its financial advancements, the company has prioritized digital transformation as a fundamental aspect of its strategy. By providing fully integrated financial solutions across various digital platforms, Vallibel Finance is enhancing accessibility, convenience, and customer interaction. Its digital-first approach has fortified its brand positioning and allowed it to maintain a competitive edge in an increasingly technology-driven financial landscape.
With a broad national presence, Vallibel Finance enjoys a significant competitive advantage. The company operates 87 branches and employs over 2,200 staff members, positioning it to cater to a diverse customer base across urban, semi-urban, and rural areas. This extensive network aids in effective deposit mobilization, lending growth, and the development of deeper customer relationships, bolstering its reputation as a reliable and accessible financial services provider.
With a robust financial base, strong governance principles, and a clear emphasis on innovation and expansion, Vallibel Finance is well-equipped to seize new growth opportunities while remaining resilient in a dynamic economic landscape. The company is dedicated to providing sustainable value to its stakeholders and making meaningful contributions to the advancement of Sri Lanka’s financial sector.
