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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » A Memorandum of Understanding (MOU) was signed between LB Finance PLC and DIMO

A Memorandum of Understanding (MOU) was signed between LB Finance PLC and DIMO

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Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
A Memorandum of Understanding (MOU) was signed between LB Finance PLC and DIMO (Diesel & Motor Engineering PLC) on 2 May 2013 in order to bring advantageous results to micro finance market of Sri Lanka.

According to this MOU, they introduce large range of financial benefits to their customers who select LB Finance for leasing of specified DIMO products under this scheme. The aforesaid customer benefits include competitive down payment schemes, free insurance free registration services and gift vouchers.
This alliance between LB Finance and DIMO mainly offers above benefits for highly demanded three DIMO products such as TATA Lokka (Non A/C) for initial down payment of Rs. 140, 000 with free insurance and free registration, TATA Lokka Super ACE (A/C) for initial down payment of Rs. 160,000 with free insurance and free registration and TATA Batti for initial down payment of Rs. 55,000 with free insurance, free registration with a valuable gift voucher.
LB Finance PLC is a financial giant in Sri Lanka with an impressively developed history of more than 41 years, which currently operates with Island wide branch net work of 89 branches to make financing an easy task for their customers.
DIMO is a leading provider of international standard quality vehicles to Sri Lankan market which has won the trust in highly demanded SME sector business vehicle market in Sri Lanka. This partnership is further enriched with the insurance partnership from Asian Alliance PLC, a leading insurance provider in Sri Lanka.
This relationship opens the door for financial wealth creation, financing convenience and confidence for SME sector of Sri Lanka.

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