Vehicle fiesta from LB Finance in five major cities

Friday, 15 June 2012 02:41 - - {{hitsCtrl.values.hits}}

Motorists and vehicle lovers in five major cities of the island were treated to a collection of the best vehicle deals in town as LB Finance inaugurated its Grand LB Vehicle Mart for the year 2012. The ‘Maha Riyapola’ concept was started by the financier in 2011 to create a space for the exchange and purchase of used and brand new vehicles at prices and rentals that were easy on the pocket of the average consumer.

“The Riyapola has once again proved to be a resounding success,” states a satisfied LB Finance General Manager Ravi Yatawara adding, “It gives our valued customers as well as the general public a chance to fulfil their requirement for a vehicle at an easy price, which is important in the context of the recent rise in price of imported vehicles.” The vehicle mart is a massive fair housing brand new as well as used light and heavy-duty vehicles; customers walking in can get a vehicle on easy rentals or outright purchase. Customers’ existing vehicles too can be exchanged for new vehicles with valuation done by a team of professionals on the spot.

As the trusted financier to the Sri Lankan public, LB Finance upholds a four decade long tradition for superior service. The LB leasing and hire purchase facilities are now synonymous with vehicle and equipment leasing in the country, and are renowned for the their easy payment schemes and lack of unnecessary red tape.

The Grand LB Vehicle Mart can be seen as yet another instance where the financier is reaching out with an easy and affordable way to lease or purchase the vehicle of your choice.

The financier ended FY 2011/2012 with typically high results; exponential growth was seen in public deposits, asset base and profit after tax. A solid lending portfolio was compounded by a fast growing base of finance lease and hire purchase receivables. Fixed deposits, microfinance, gold loans, microfinance, factoring, margin trading, inland money transfer and Islamic financing comprise of the rest of the financial portfolio that has been the combination for success for LB Finance.

The company also aggressively pursues a strategy of expansion, with a fast-growing branch network spread across the country. The vehicle fair, too, followed the same, being held simultaneously over the period of three days in five locations across the island: Kandy, Negombo, Panadura and Kurunegala and Sri Jayewardenepura Kotte. “Including the most recent, the response to the vehicle fairs that we have had so far has been so encouraging that we plan to make this a tri-monthly event,” says Yatawara, General Manager of LB Finance. LB Finance plans to expand this Grand LB Vehicle Mart on an island wide scale in the future.