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The “LB Happy Return’, a massive investment mechanism, targeting the younger generation was launched by LB. Finance from May 2 .
Any 'LB Happy Return’ account holder who deposit a monthly investment of Rs. 1320 for a continuous period of five years will receive a handsome amount Rs. 100,000 at the end of the 60 month period.
At a media briefing held in Colombo to create the awareness of general public about this novel investment mechanism, L.B. Finance, Marketing Assistant General Manager Roshan Jayawardana highlighted that the financial deposits in banks or financial institutions made by younger generation in the country has shown a sharp decline.
“This resulted us to launch this novel investment mechanism which will benefit our young generation , especially school children and school leavers who intend to follow higher studies ,”
He said any individual account holder could also make more investments under this scheme and they will be able to withdraw a large sum of money at the end of the five- year period .“If so, such a large investment could also be utilized account holders to even construct a house , purchase a land, vehicle etc.
Jayawardana further said “ During the first six months of this year we expect over 30, 000 youth will obtain the membership of this scheme and wish to expand the scheme even by creating awareness of schoolchildren the importance of investing money from their young ages,”
L.B. Finance Chief Bank Risk officer Bimal Perera said in addition, another income scheme “L.B. Double Pension Plan’ will also be launched by L.B. Finance from today (May 02) for the benefit of a large number of pensioners in the private sector who are not entitled any monthly allowance after their retirements,”.
According to the scheme any employee could make a certain investment for five years (60 months) continuously and after the period the investor could enjoy the benefits of the scheme even before his/her eventual retirement.
“For example if a person saves Rs. 5000 every month for five years (60 months) under this scheme he or she will get Rs. 5000 (from the 61 st month) each thereafter every month for the next ten years,”.
Perera said L.B. Finance PLC is currently possessing a total deposit of over Rs. 50 billion and the company is proud to be rated as the largest non- banking deposit mobilize in the country.
‘Currently we have wide range of services ranging from Micro Finance, Gold Loans, Personal Loans, Leasing and Factoring , Mortgage Loans and also Foreign Money Transfer Services,” L.B. Finance is expecting over 30,000 youth between the ages of 20 to 30 to earn Rs 100,000 after five years.
Any 'LB Happy Return’ account holder who deposit a monthly investment of Rs. 1320 for a continuous period of five years will receive a handsome amount Rs. 100,000 at the end of the 60 month period.
At a media briefing held in Colombo to create the awareness of general public about this novel investment mechanism, L.B. Finance, Marketing Assistant General Manager Roshan Jayawardana highlighted that the financial deposits in banks or financial institutions made by younger generation in the country has shown a sharp decline.
“This resulted us to launch this novel investment mechanism which will benefit our young generation , especially school children and school leavers who intend to follow higher studies ,”
He said any individual account holder could also make more investments under this scheme and they will be able to withdraw a large sum of money at the end of the five- year period .“If so, such a large investment could also be utilized account holders to even construct a house , purchase a land, vehicle etc.
Jayawardana further said “ During the first six months of this year we expect over 30, 000 youth will obtain the membership of this scheme and wish to expand the scheme even by creating awareness of schoolchildren the importance of investing money from their young ages,”
L.B. Finance Chief Bank Risk officer Bimal Perera said in addition, another income scheme “L.B. Double Pension Plan’ will also be launched by L.B. Finance from today (May 02) for the benefit of a large number of pensioners in the private sector who are not entitled any monthly allowance after their retirements,”.
According to the scheme any employee could make a certain investment for five years (60 months) continuously and after the period the investor could enjoy the benefits of the scheme even before his/her eventual retirement.
“For example if a person saves Rs. 5000 every month for five years (60 months) under this scheme he or she will get Rs. 5000 (from the 61 st month) each thereafter every month for the next ten years,”.
Perera said L.B. Finance PLC is currently possessing a total deposit of over Rs. 50 billion and the company is proud to be rated as the largest non- banking deposit mobilize in the country.
‘Currently we have wide range of services ranging from Micro Finance, Gold Loans, Personal Loans, Leasing and Factoring , Mortgage Loans and also Foreign Money Transfer Services,” L.B. Finance is expecting over 30,000 youth between the ages of 20 to 30 to earn Rs 100,000 after five years.
