Lanka Bell enhances bill settlement, reload network with LB Finance

Sri Lanka’s leading telecommunication service provider Lanka Bell’s bill settlement and reload network has grown by another 120 plus outlets after the company’s partnership with LB Finance.

This means Lanka Bell’s post-paid subscribers will now be able to settle their bills at any one of LB Finance’s 120 plus outlets islandwide, while pre-paid subscribers will be able to enjoy the benefit of re-loading their accounts at any one of these outlets as well.

Lanka Bell also offers bill settlement through the branch network of 14 other banks, the Commercial Bank of Ceylon, Sampath Bank, Bank of Ceylon, Hatton National Bank, Peoples Bank, HSBC, Nations Trust Bank, Standard Chartered Bank, Seylan Bank, National Savings Bank, NDB Bank, DFCC Vardhana Bank, PABC Bank, Union Bank as well as 350 plus outlets of Singer Sri Lanka, 150 outlets of Cargills Food City and 250 plus outlets of Abans. The only wholly Sri Lankan-owned company in the telecommunications sector, Lanka Bell is the largest CDMA fixed line provider in the country with 1.3 million subscribers. Lanka Bell continues to make substantial investments to take its technology and services to all geographic regions and all segments of the market in Sri Lanka.

LB Finance has a strong financial tradition of over 40 years and deploys a portfolio of financial solutions trusted widely by corporates, SME and household customers. A solid lending portfolio was compounded by a fast growing base of finance lease and hire purchase receivables and fixed deposits, micro-finance, gold loans, factoring, margin trading and Islamic finance comprise of the rest of the product portfolio that has been the combination for success for L B Finance.

An outstanding performance by the company coupled with rapid expansion of distribution channels with a total of 120 plus across the country which was the largest expansion drive in 2011 in the finance sector, aggressive marketing strategy, improved recoveries and careful lending in 2011 helped pave the way for exceptional results. LB Finance announced the appointment of its island-wide branch network as utility bill payment centres. It’s a far-reaching step up in the public domain for LB Finance with both customers and the general public now being able to pay their utility bills through its branch network.