LB Finance moves to new premises
LB Finance will focus on new business development in terms of new
markets and products with its newly acquired seven storied corporate
office building to be opened on Thursday for business. The new premises
will generate adequate business to sustain its operational activities
and will function as a separate strategic business unit L B Finance
Executive Director Niroshan Udage told Daily News Business.
The company will be looking at different products and different
markets to create new business culture in both lending and funding
“We started introducing some products planning to have them ready to
generate income with the start of the activities of our corporate
This will ensure returns from the beginning as immediate business
execution is possible,” he said.
High end leasing, cash flow based property mortgages, short term
financing such factoring, margin trading and power drafts are among the
newly introduced products .
The corporate office will have dedicated floors for personalized
financial services, currency exchange facilities and a state-of-the-art
auditorium for staff training.
The strength of the company workforce is 1,600 members and the
training centre will facilitate training needs to upgrade the service
The corporate office will have VIP gold loan centre those who are
interested in facilities of that nature.
The whole concept is to take the company into the next level meeting
international standards, Udage said.