LB Finance moves to new premises

Sanjeevi JAYASURIYA

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 portfolios.

“We started introducing some products planning to have them ready to generate income with the start of the activities of our corporate office.

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 delivery quality.

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.