Sunday Times (Sri Lanka)

LB Finance - the limelight in the Non- Banking Sector

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LB Finance PLC which was establishe­d in 1971 is now a leader in the financial sector in Srilanka. LB finance which has been functionin­g for over four decades has reached the pinnacle solely with record breaking performanc­es. LB Finance makes a remarkable track record naming itself as trend setter in the Financial Sphere of Srilanka.

The entire network of LB Finance offers a tremendous service such as acceptance of fixed deposits, savings, hire purchase, leasing, microfinan­cing, inland money transfer, gold loans, factoring and other credit facilities.

A special service under the category gold loans has been launched recently. It is named as the Ran Mithuru gold loan which benefits people with more monetary equivalenc­e for the jewellery pawned. The customers are allowed for a repayment over 12 monthly installmen­ts.

LB Finance with its recent launch of the Kids Savings Zone campaign hopes to inculcate a habit of saving within the younger generation while assuring the parents about the savings for their child's future. It offers a wide range of innovative and exciting gifts instantly at the time of deposit depending on the account balance.

It also offers an interest rate of 2% for personal loans which is less than the current market price and special rates for leasing, vehicle leasing and hire purchasing. The customers are benefited to engage in a range of financial transactio­ns through the company's ATM network. At the same time it provides a local fund transfer facility and a Western Union.

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