Lanka Credit & Business Finance Ltd (LCB) will be opening two overseas branches in Canada and Myanmar, said founder Director, LCB, Kapila Indika Weerasinghe.
He said that they have already identified a premises in Myanmar and would be mainly concentrating on Micro credit and hope to open the branch in March this year.
“We also see many Sri Lankan diaspora in Canada and we have decided to open a LCB branch in Toronto Canada and have made an application for the Monetary Board of Canada seeking approvals. As we increase our financial standing we envisage becoming a listed company in the Colombo Securities Exchange with due approvals from the relevant regulatory and statutory authorities next year.
Commenting on local operations he said that LCB opened their seventh branch at Karapitiya last week. We hope to open two more branches in Negombo (March) and Kurunegala and Kandy this year. “To serve our clientele more efficiently we plan to provide Automated Tellers Service (ATM) shortly utilizing our own system and by entering into sharing arrangements with selected Commercial Banks.”
Weerasinghe also owns and operates Germany’s fourth biggest logistics company, Transline GmbH Transprote and Pakete. “I am also planning extend my Air freight service to Asia this year.” (SS)
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