LB Finance announces seasonal gifts without reduction in interest rates

Thursday, 5 April 2012 00:07 - - {{hitsCtrl.values.hits}}

Known widely to be the trusted trailblazer in the Sri Lankan financial sphere, LB Finance PLC is joining in the preparations for Sinhala and Tamil New Year with a gift-enhanced fixed deposit scheme. Throughout the seasonal month of April all new fixed deposits placed with LB Finance are being rewarded with a range of useful home appliances.

“We are proud of the fact that we are a truly Sri Lankan company,” states Senior Manager Marketing Roshan Jayawardena adding, “Since we are always a part of the country’s traditions, this Avurudu too we bring our depositors more reasons to trust us with their earnings.”

Starting with Fixed Deposits for six months, for all deposits of Rs. 25,000 and above the range of gifts includes trendy travelling bags, laptop bags, lamps, whistling kettles, water bottles and mugs.

“The essential feature of the Avurudu Fixed Deposit is that there is no reduction of our customary high interest,” says Jayawardena. New depositors as well as existing customers who wish to place new deposits will not be disappointed.

LB Finance falls under the parental guidance of one of Sri Lanka’s most promising home-grown conglomerates; the Vallibel One group. Under the keen guidance of visionary entrepreneur Chairman Dhammika Perera, Vallibel One has its interests in sectors as diverse as retail, banking, leisure, agro-products and construction and is growing exponentially in terms of market reach and capital accumulation.

Spearheaded by fixed deposits, the LB Finance product portfolio consists primarily of leasing, hire purchase, inland money transfer, gold loans, microfinance, factoring, margin trading and islamic finance. With a branch network spanning the length and breadth of the country, the financier has been able to successfully reach a wide customer base that is sure to be incentivised by the attractive gifts on offer. Testimony to its sure hold on the financial sphere, LB Finance has been accorded an A-/P2 rating by RAM Ratings (Lanka) Limited.

The useful array of gifts LB Finance sets out as part of the Avurudu fixed deposit scheme is sure to stand out in the barrage of offers flooding customers over the season.