From left: Mr. Conrad Dias, Chairman of LOLC Finance PLC, Mr. Kapila Jayawardena, Group Managing Director of LOLC Holdings PLC, and Mr. Krishan Thilakaratne, Director/Chief Executive Officer of LOLC Finance PLC, joining the ribbon cutting ceremony.
LOLC Finance, the largest Non-Banking Financial Institution (NBFI) in Sri Lanka further extended its footprint in Kandy through renewing another iconic location of the group acquired earlier this year as ‘LOLC Finance Kandy – City Branch’. The new branch is situated in an iconic location at the heart of Kandy city, and was declared open on the 03rd of November 2022 at No. 11, Hill Street, Kandy.
The grand opening ceremony of the Kandy City Branch was graced by the Chief Guest Mr. Kapila Jayawardena, Group Managing Director of LOLC Holdings PLC,together with Mr. Conrad Dias, Chairman of LOLC Finance PLC and Mr. Krishan Thilakaratne, Director/Chief Executive Officer of LOLC Finance PLC with the presence of LOLC Finance management team, staff members, customers and well-wishers from the community around the area.
The relocation of the latest Kandy City Branch is focused at enhancing the reach of LOLC Finance to serve a wider base of customers with a greater convenience.The new branch will now cater to a larger population in Kandy and surrounding areas, while offering the customers with modern, comfortable interior space, better parking facilities, and with access to a wider range of financial solutions.
Sharing his views at the event, Mr. Jayawardena, Group Managing Director of LOLC Holdings stated, “LOLC Finance is always driven by the greater purpose of enriching and uplifting the lives of our communities as a part of our group ethos. LOLC Finance, the largest finance company in Sri Lanka with an asset base of over Rs. 300 Bn, believes that financial inclusion is the key to alleviate poverty and to increase prosperity. We clearly understand our role at present, the necessity of financing crucial sectors in reviving the nation’s economy”.
Making a remark at the ceremony, Mr. Dias, Chairman of LOLC Finance stated, “We hope to offer a better, holistic experience to all our customers in Kandy while introducing them to the digital economy we are mustering. All our new branches and solutions at LOLC Finance are now focused at this greater cause.LOLC Finance today is the most technologically advanced NBFI with its own lifestyle digital platforms providing most secured and trusted services”.
Adding further to that Mr. Thilakaratne, CEO of LOLC Finance PLC said, “We believe our brand comes with complete substance and value that we bring to the consumer, industry, public and economy at large. The public confidence and industry stability which LOLC Finance brings to the NBFI arena is absolutely vital for the long term progress, evolution and sustainability of the entire industry”.
The Company now boasts its largest outreach with a total branch network of 210 branches and an active customer base of over 600,000, with its total lending portfolio amounting to over Rs. 200 Bn, coupled with a deposit base of over Rs. 150 Bn”. The new branches will offer end-to-end financial solutions for all businesspersons and customers in Kandy. Moreover, with its expertise in SME Financing, Personnel / Micro Financing, Islamic Financing, the entity expects to play a key role in nurturing and helping businesses in the region to grow.
LOLC Finance also offers iPay and LOLC Real Time, two award winning mobile applications together with its own series of Credit Cards and its own Online and Mobile Banking Services. LOLC Finance also presents an entire range of Lending and Deposit products that an NBFI can offer to its customers.