LB Finance in forefront:

Country's first-ever instant inland money transfer system

The country's first ever instant inland money transfer system was launched recently by LB Finance. LB Finance Money Transfer lets you transfer money anywhere in the country through its islandwide branches and pawning centers, the service's unique feature being that you don't require a bank or other account.

The service was launched to address a need for a simple and quick way to transfer money but we did not anticipate the immense customer response that the service received since its launch a few weeks ago, says Niroshan Udage, Executive Director. It's all about the convenience. Our branches and pawning centers across the island have all reported that the service is being significantly sought-after by the public. We are especially happy to see customers in the Batticaloa area too making use of this service and hope to make it available to other areas like Trincomalee and Jaffna in the near future.

Simplicity and affordability has been the winning feature of the LB Finance Money Transfer system. One has only to handover an amount of money to any LB Finance branch or pawning center and fill-in a very brief form.

The transferring process is computerized and takes only a few minutes. The money can be immediately collected by another party from any LB Finance branch or pawning center specified by the customer. No other company or bank to date offers the service of transferring money instantly and without an account.

The service is available on Sundays too and there is no set limit to the amount transferable. Only a very minimal amount is charged for the service, making it affordable to everyone.

The Company has earned itself a name for being a trendsetter in the financial sphere, owing to its remarkable track-record and knack of making the right moves at the right times.

LB Finance has been successful in riding out every bad economic climate in the country and RAM Ratings recently upgraded the Company's institutional ratings to BBB.

The Company is engaged in the acceptance of deposits, mortgage loans and other credit facilities such as leasing, vehicle loans, hire purchase and pawning.

The Company has also placed a lot of focus on micro financing during the year. LB pawning centres have spread further across the island; a pawning centre in Homagama and a full-fledged branch in Ampara are to open within the month as well.