LCB Finance opens 14th branch in Maharagama

Chairman Prof. Abeyrathna Bandara and Director Harith Ranasinghe cut the ribbon

Lanka Credit and Business Finance PLC (LCB) opened its fourth branch in the Western province, thereby increasing its business places to 14. 

CEO/Executive Director K.G. Leelananda observed that the Maharagama town, an outer suburb of commercial capital Colombo, has developed rapidly during the recent past as a business and residential town, with supermarkets, department stores, national institutes, food and beverages, financial institutions and a ‘pola’. 

Maharagama is popular for reasonably priced, readymade apparels, attracting large shopping crowds during the festive season. The management of the company expects to serve this sector of self-employed entrepreneurs through the introduction of its new loan product ‘Diviyata Saviyak’, which would cater to their working capital needs, promoting sustainable growth. 

This offer would be in addition to the existing business loans, hosing loans, gold loans and lease finance products, backed by the efficient and courteous service provided by its staff. The company plans to offer its deposit products covering all age groups from kids to elders at attractive terms, with emphasis on the sale of its products ‘Sihina Ayojana’ investment savings accounts suitable for all age groups and ‘Podiththa’ children’s savings, enabling parents leading to build a sound financial future to the children. 

Leelananda stated that opening the branch in Maharagama will be another step forward towards continuing to remain the most committed finance company for rural development.