LB Finance unveils innovative saving and investment promotion

Wednesday, 28 November 2012 02:31 -     - {{hitsCtrl.values.hits}}

  • Includes latest TVs and mobile phones to its savings and fixed deposits

Trail-blazing financial powerhouse LB Finance last week unveiled yet another fascinating saving and investment promotion, expected to give its deposit mobilisation initiatives a thumbs-up.  The company announced that it would give away fashionable mobile phones and television sets for big savers.

A brand new Samsung LED Full HD 40” or a Galaxy S3 was on offer for fixed deposits worth Rs. 1 million or more while a Rs. 500,000 FD included a Samsung LED HD 32” TV or a Galaxy S Duos. A Singer LED HD Ready 16” TV or Samsung Champ Deluxe for a fixed deposit of Rs. 125,000 meant that a valuable gift was within the reach of many.

“We have taken fixed deposits to a whole new dimension with these trendy gifts and believe that it would serve as an enticement for more people to save for a better tomorrow,” said Marlon Perera, Assistant General Manager of LB Finance.

The three month seasonal promo brought about a festive spirit across the savings spectrum as savings account holders too line themselves up for a range of exciting gifts. A mere Rs. 25,000 saving in LB Finance’s seasonal savings account titled ‘Super Surprise Savings Account’ would allow the saver to take home a Samsung E1205 mobile phone while a new savings account with a deposit of Rs. 60,000 would entitle the holder to a Samsung Champ NEO 3265.  

The higher the saving, the better the gift gets, with a savings balance of Rs. 150,000 receiving a Samsung Galaxy Y Duos Lite 5302. At Rs. 250,000, the giveaway would reach a higher level of glamour with the gift being a Samsung Galaxy Y Duos Lite 6102, culminating with a coveted Samsung Tab for a savings balance of Rs. 400,000.

“You don’t often see opening a new savings account bringing such fascinating returns and this is simply because we didn’t want to leave out people who opt for the simplest form of saving. LB Finance is giving everyone a reason to save while enjoying the season,” Perera added.

While the special bonanza comes with conditions that promote focused savings, competitive interest is also offered on all deposits.  “It’s a double saving in many ways.  The cutting-edge gifts are what everyone wants today and LB Finance gives them the perfect opportunity to walk away with the choicest gift while at the same time enjoying competitive interest on their savings,” he noted. The two savings bonanzas make it a season to remember for savers.

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.