How many lbs finance branches?

127 branches
LB Finance offers you a holistic portfolio of financial solutions. Synonymous with reliability, LB Finance is trusted by corporates, SMEs and individuals alike. Our innovative financial solutions are offered through an extensive network of 127 branches and 26 gold centres.

Is LB finance a bank?

LB Finance (LBF), country’s leading Non-Banking Financial Institution, recently joined the National Digital Payment platform Lanka QR via its popular mobile wallet LB CIM (Cash-In-Mobile).

What is unsecured deposit?

Deposit to be termed as ‘Unsecured deposits’ if security not provided – Provision of security. is not mandatory. Where a company does not secure the deposits or secures such deposits. partially, then, the deposits shall be termed as ‘unsecured deposits’.

What type of finance is finance company?

Finance company, specialized financial institution that supplies credit for the purchase of consumer goods and services by purchasing the time-sales contracts of merchants or by granting small loans directly to consumers.

What is the maximum period for accepting deposits?

Some of the important regulations relating to acceptance of deposits by NBFCs are as under: The NBFCs are allowed to accept/renew public deposits for a minimum period of 12 months and maximum period of 60 months. They cannot accept deposits repayable on demand.

When did LB Finance become a public company?

LB Finance (PLC) is a Sri Lankan licensed finance company, which was incorporated in 1971 as a private limited liability company. It was subsequently converted to a public limited liability company in 1982. The company was listed on the Colombo Stock Exchange in 1998 and was re-registered in June 2008 under the new Companies Act No. 7 of 2007

Where can I get a loan from LB Finance?

Just like a friend in an hour of need, when an emergency comes up, LB Finance Gold Loan facilities would be there to financially assist you and lift you up. Simply, visit your nearest LB Finance branch with your valuables including gold jewellery, gold coins and gold biscuits to get a quick loan against them.

Why was LB Finance established in Sri Lanka?

LB Finance was established with a mandate to respond to the emerging socio-economic needs of the Sri Lankan, in a manner that would trigger a meaningful long-term societal change. Ours is a Company that is driven by the desire to financially empower and support our local communities across the island.

Do you get high returns with LB Finance?

Our promise is to offer you high returns and high security for your Fixed Deposits. With LB Finance Fixed Deposits, you can enjoy the best interest rates in the market along with the facility of flexible money withdrawals. Moreover, you can choose the deposit period based on your individual needs and make your investment.