LB Finance and Toyota Lanka sign strategic MoU

Wednesday, 18 June 2025 00:06 - - {{hitsCtrl.values.hits}}

LB Finance PLC Managing Director Niroshan Udage (left) and Toyota Lanka Managing Director/CEO Manohara Athukorala exchange the agreement along with other officials of the two companies

To introduce innovative and instant vehicle financing solutions

LB Finance PLC, has entered a strategic partnership with Toyota Lanka Ltd., the sole authorised distributor for Toyota vehicles in Sri Lanka.

The two companies signed a Memorandum of Understanding (MOU) marking a significant milestone in delivering convenient and value-driven mobility solutions to customers.

The MoU was signed in the esteemed presence of Toyota Lanka Chairman Sachio Yotsukura, Managing Director/CEO Manohara Athukorala, and LB Finance PLC Managing Director Niroshan Udage, and Chief Transformation Officer Ravi Tissera. This collaboration introduces a dedicated innovative and instant leasing facility at Toyota Lanka premises, enabling customers to access fast-tracked, hassle-free leasing solutions for their vehicle purchases.

Niroshan Udage said: “This partnership with Toyota Lanka marks a new chapter in customer-centric innovation. At LB Finance, our focus has always been on enhancing accessibility, transparency, and convenience in financial services. By establishing a dedicated one-day leasing facility at Toyota Lanka, we are not only accelerating the vehicle ownership journey but also reinforcing our commitment to delivering excellence in every customer interaction. We are proud to collaborate with a globally respected brand like Toyota Lanka and are confident this synergy will drive long-term value for all stakeholders.”

Dedicated LB Finance Officers will be stationed at the Toyota Lanka offices/showrooms to facilitate the new leasing facility and ensure personalised, efficient service delivery.

This partnership underscores both organisations’ commitment to enhancing customer convenience and strengthening their service offerings through innovation and collaboration.

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