Mr. Conrad Dias, Chairman of LOLC Finance PLC together with Mr. Krishan Thilakaratne,
Director/Chief Executive Officer of LOLC Finance PLC at the ribbon cutting ceremony.
LOLC Finance PLC, the largest Non-Banking Financial Institution (NBFI) in Sri Lanka, aligned another branch of their network under the LOLC Finance umbrella, which was renamed as ‘LOLC Finance Kandy Road Branch’, whilst the existing LOLC Finance Branch operating down Makola Road has been renamed as ‘LOLC Finance City Branch’.The relocated branch was officially declared open by Mr. Conrad Dias, Chairman of LOLC Finance PLC together with Mr. Krishan Thilakaratne, Director/Chief Executive Officer of LOLC Finance PLC on the 20th of October 2022 at No. 78, Kandy Road, Kiribathgoda.
The newest branch was established to meet the demands for diverse financial solutions ranging from Savings and Fixed Deposits, Microfinance, Lending Services, Gold Loan, Credit Card Facilities, Factoring and Islamic Financial Services, Digital and Online Platform Services. LOLC Finance, is now geared to offer a superior level of financial services with a wide range of innovative and personalized solutions to their customers.
Commenting at the event, Mr. Dias, Chairman of LOLC Finance PLC stated, “Subsequent to the largest merger in the NBFI sector of Sri Lanka, the company is now gradually spreading its wings to establish its footprint covering a wide network of strategic locations throughout the island. We are the only finance company is Sri Lanka with an outreach of 210 branches operating under a single umbrella-LOLC, whilst ensuring stability, strength and vitality of service”.
Adding further to that Mr. Thilakaratne, CEO of LOLC Finance PLC said, “This is a unique establishment to bring more convenience to the people and the business community of Kiribathgoda. As always, LOLC Finance will fetch that extra mile to serve our customers efficiently with our high-touch customer servicing and cutting-edge digital technologies. LOLC Finance is further expecting to revive more branches in our network through rebranding/re-locating the existing Commercial Leasing and Finance (CLC) branches, to accommodate both CLC and LOLC Finance customers expediently”.
LOLC Finance PLC, the strongest financial arm of the LOLC Group, have become even stronger with a total hold of 20% from the entire NBFI industry’s asset portfolio further to its merger with CLC. As the prime NBFI in the country as at today, the Company boasts its largest outreach of branch network and for 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.