Launched its first subsidiary - LOFAC
First branch office opened in Kandy
Negotiated the first long-term Rupee loan from FMO
The first to extend Dollar denominated leases to BOI companies
The first to introduce export factoring through LOFAC
Branch office opened in Matara
Branch offices opened in Badulla and Ratnapura
LOFAC enters into strategic alliance with Dunn and Bradstreet
Branch office opened in Anuradhapura
Launched its insurance subsidiary, LOIB
Negotiated the second tranche of long-term Rupee loan from FMO
Branch office opened in Kochchikade
Launched its finance subsidiary - LOFC
Branch offices opened in Kurunegala and Kalutara
The first leasing company to be recognised as a Participating Financial Institution for the Indian Line of Credit
Branch office opened in Galle
Received the first US Dollar long-term Loan from OPEC Fund
The first to win the Leasing Category ‘Award for Excellence in Annual Reports and Accounts’ conducted by The Institute of Chartered Accountants of Sri Lanka
Negotiated the third tranche of longterm Rupee loan from FMO
Branch offices opened in Nuwara Eliya and Kiribathgoda
Entered into stock broking through LOSEC
Launched LOITS, the Information Technology arm
The first to win the ‘Non-Banking Sector Award’ at the South Asian Federation of Accountants (SAFA) for Best Presented Accounts Competition
Branch office opened in Gampaha
The first Leasing Company to be ranked among the Top 10 Brands by Sting Consultants Brand Power Index
Launched LOPD, the project development subsidiary
LOLC cricket team emerged Mercantile ‘C’ Division Champions
Negotiated the second tranche of longterm US Dollar Loan from OPEC Fund
Negotiated the fourth tranche of long-term Rupee loan from FMO
Negotiated the long-term US Dollar Loan from Praparco
Branch offices opened in Kegalle, Embilipitiya and Polonnaruwa
Negotiated the long-term US Dollar Loan from DEG
Negotiated the long-term US Dollar Loan from OPEC Fund
Branch office opened in Wattala
The first Regional Expansion to Cambodia through 18% holding of PRASAC
First to introduce a branded product ‘Guardian’ range from an insurance broker through LOIB
Won the Leasing Category ‘Award for Excellence in Annual Reports and Accounts’ conducted by The Institute of Chartered Accountants of Sri Lanka for 2005/06
Branch offices opened in Chilaw and Mahiyangana
Ranked among the Top 50 brands by Super Brands
Launched the New Strategic Plan for the Company and its Subsidiaries
Opened the first Hospital Savings Centre in Oasis
Opened the first Student Savings Centre at Royal College - Polonnaruwa
LOFC operations expanded to Wattala, Kegalle, Mahiyangana, Mount Lavinia and Chilaw
LOPD received Cabinet sub-committee approval for the project on Off-Shore Sand Mining, Washing, Sieving and Grading to supply construction and related industries
Signed up with LIOC to establish LOLC sub-branches at LIOC filling stations
LIOC Centres opened in Morawaka and Trincomalee
Set up the Islamic BU with an in-house Shari’ah Supervisory Board
Dairy farmer loans, cultivation loans, business set up loans and skills enable loans were introduced
Partnered with GTZ for capacity building of the microfinance staff, setting up low cost branch network and development of a microbanking system
Launched a lottery for customers with a house as the prize
Launched Western Union Money transfer services at LOLC branches
Entered into a joint venture agreement with Agri Tec for manufacture of precipitated silica and allied products using rice husk ash
LIOC Centres opened in Pilimathalawa, Seeduwa, Aluthgama, Kadawata, Ambalangoda, Debarawewa, Beliatta and Talawakelle
Won Bronze Award at Effie Awards 2008 in the Financial Services/ Products Category
Spin-off of Micro Finance Business Unit as LOLC Micro Credit Ltd. (LOMC) together with FMO
LOLC Micro Credit Ltd. was appointed as the only representative from the private sector to the Micro Finance Steering Committee appointed by the Department of Development Finance attached to Ministry of Finance and Planning
Won the International Assets and Liability Management competition held by FMO and DEG
Joined with Sri Lanka Post to open up Isuru Diriya Centres at post offices and sub-post offices
Opened 40 Service Centres in Post Offices around the country consequent to the agreement with Sri Lanka Post to offer products of LOLC Micro Credit Ltd. to the rural community
Opened branches in Jaffna, Ampara, Batticaloa, Vavuniya and Trincomalee, thereby making our services available to the Northern and Eastern Regions of the country
Opened the first dedicated Shari’ah finance branches in Kathankudi, Oddamavadi and Kalmunai.
Selected as the Winner of the Specialised Banking and Finance Category at the National Business Excellence Awards
Received BOI status for Lanka ORIX Information Technology Services Ltd. (LOITS - the IT arm)
IT arm, Lanka ORIX Information Technology Services Ltd. earns ‘ISO/IEC 27001:2005’ certification for its enterprise data and software development functions
Ranked amongst the Top 20 Brands in Sri Lanka by Brand Finance Lanka
Won Best Annual Report Award and a Merit Award for Best Website from ADFIAP (Association of Development Finance Institutions in Asia and the Pacific)
Won the Silver Award at the Sri Lankan HR Awards 2010 organised by the Association of HR Professionals Sri Lanka together with the Hewitt Associates, India Milestones
LOLC Micro Credit Ltd. (LOMC) received a total of $14 Mn from Symbiotics and Three Triodos Funds to expand Microfinance Operations in Sri Lanka
Lanka ORIX Finance Company Ltd. started to transact in international financial markets via SWIFT
Received a USD 5.0 Mn guarantee facility from USAID
Invested in United Dendro Energy (Pvt) Ltd. through LOLC Eco Solutions Ltd.
Opened 29 Service Centres in Post Offices around the country
Opened branches in Avissawella, Pettah, Moneragala, Trincomalee, Matugama, Homagama, Nawalapitiya, Kohuwala, Hatton, Ambalangoda and Elpitiya
Acquisition of Confifi Hotel Holdings PLC, Riverina Hotels PLC and Tropical Villas (Pvt) Ltd.
National Business Excellence Awards 2010 - conducted by the National Chamber of Commerce, Sri Lanka - Gold Award for ‘Diversified Group of Companies Sector’, Silver Award for Best ‘Capacity Builder’ and Bronze Award for ‘Extra Large Sector’. LOLC Leisure Ltd. was awarded Silver for ‘Hospitality’ for Eden Resorts and Spa.
IT arm - Lanka ORIX Information Technology Services Ltd. (LOITS) earns re-certification for its conformance with the ISO/IEC 27001:2005, covering ‘The Management of Information Security for Providing IT Services at Enterprise Data Center’
LOITS was the only winner in the category of programme and application security at the ISACA Security Awards last year
Investments made in Sierra Holdings, Sierra Constructions and Agstar Fertilizers
Received a long-term loan from Symbiotics
Received a long-term loan from Triple Jump
Received a long-term loan from Minlam
Received a long-term loan from Praparco
Received a long-term loan from Triodos
Most Outstanding Financial Performer 2010/11 in the Global ORIX Network
Top 20 Most Valuable Stocks in the Colombo Bourse
Excellent Performance in the Overseas Operations Category for FY 2012 in the Global ORIX Network
LOLC won the Achievement Award for Governance, Risk Management and Compliance (GRC) for 2012 from the Open Compliance and Ethics Group (OCEG), USA
First Money Exchange Outlet opened in Matara
Launch of eZ pay services
LOLC Micro Credit (LOMC) became the largest agriculture implement financier in Sri Lanka with an excess of over 100,000 customer base
Commencement of operations of LOLC Insurance Co. Ltd.
Formation of LOLC Securities Ltd.
Formation of LOLC Motors and authorised distributors for FIAT in Sri Lanka
The LOLC team won the Mercantile Basketball Championship in their respective division
The LOLC Badminton team were placed second at the Mercantile Badminton Team Championships for 2011
LOLC obtained the consent of the Central Bank of Sri Lanka (CBSL) to relinquish its leasing license from April 2011 and LOLC consolidated its position as a Holding Company
LOFC obtained CBSL approval to list on the CSE and was renamed as Lanka ORIX Finance PLC
LOLC Leisure acquires 100% ownership of Dickwella Resort & Spa
LOFC became one of the largest deposit base holders in the Registered Finance Company sector
LOLC was awarded the Most Outstanding Financial Performer 2010/11 in the global ORIX network, by the ORIX Corporation of Japan
LOLC Annual Report 2010/11 won Gold at the ARC Awards 2011 and won the Grand Prize in its category
LOLC Annual Report 2010/11 won Gold at the League of American Communications Professionals (LACP) Vision Awards 2010 in the ‘Conglomerates and Holding Companies’ category
LOLC Annual Report 2010/11 wins the ADFIAP Awards 2012 for ‘Best Annual Report’ in the Special Awards category
2010 Annual Report of Al-Falaah - the Islamic Business Unit of LOFC, won Bronze at the League of American Communications Professionals (LACP) Vision Awards 2011
LOLC becomes the Overall Silver Winner; Winner for Best ‘Capacity Builder’; First Runner-up for ‘Extra Large Sector’ and Runners-up for ‘Diversified Group of Companies’ and ‘Excellence in Business & Financial Performance’ at the National Business Excellence Awards 2010/11
Eden Resort & Spa of LOLC Leisure Ltd. was awarded Runners-up in the ‘Hospitality’ category at the National Business Excellence Awards 2010/11
Eden Resort & Spa won an overall 36 medals at the 14th Culinary Art 2011 organised by the Chefs Guild of Sri Lanka and was also placed 7th in the overall ranking amongst 211 hotels and other catering establishments in Sri Lanka
Eden Resort & Spa received the ISO 9001:2008+HACCP certificate for an additional period of 3 years, effective from January 2012
LOLC was ranked among Business Today’s Top 20 Corporates of Sri Lanka 2011
LOLC’s Brand was listed among the Most Valuable Brands of 2011 by Brand Finance Lanka
LOLC was ranked among LMD’s Top 50 Listed Companies of Sri Lanka
LOLC became the Top 20 Most Valuable Stocks/Companies in the Colombo Bourse 2011
LOLC was placed among the Top 20 Most Respected Entities in Sri Lanka 2010/11
During the FY, a total of 36 service points were opened across the island
LOLC, Lanka ORIX Finance and Commercial Leasing & Finance were independently assigned Issuer Rating of ‘[SL] A-‘with stable outlook by ICRA Lanka Ltd.
LOLC Micro Credit secures the largest micro finance syndicated loan of USD 55.5Mn in Sri Lanka
LOLC was awarded the Best Financial Services Provider at SLIM – Nielsen Peoples Awards 2013
LOLC ranks 5th top corporate at Business Today Top 25 Awards 2012
LOLC amongst LMD’s top 100 leading listed companies of Sri Lanka
LOLC amongst Sri Lanka’s Leading Brands for 2012 by Brands Finance
ICRA Lanka assigns [SL]A- with stable outlook to the Rs 1.25 Bn unsecured debenture programmes of LOLC
Newly constructed LOLC CARE Child Development Centre was opened.
Eden Resort & Spa emerged Runners-up (Large Category) at the National Business Excellence Awards 2012
Eden Resort & Spa becomes the only leisure brand honoured with a National Level Merit Award (National Level Extra Large category -Services sector) at the CNCI Achiever Award 2012 organized by The Ceylon National Chamber of Industries.
Eden Resort & Spa wins Gold for Sri Lanka at the World Culinary Olympics 2012, wins Travelers’ Choice 2013 award and receives Certificate of Excellence by Tripadvisor for 2012
Al-Falaah opens first Shari’ah Compliant Student Savings Centre in Sri Lanka
Al-Falaah opens 5th branch in Akkaraipattu.
Al-Falaah renews identity of Al-Falaah Junior Minor Savings Account
Al-Falaah wins Gold for ‘Financial services – General’ Summary Annual Review Category at the 2012 ARC International Annual Report Awards and wins 2 bronze awards for ‘Written Text and Printing & Production", and 2 Honors awards for ‘Cover / Photo Design and Interior Design’ for the 2010/11 Annual review ‘Values Generate Value’.
Al-Falaah wins Silver Award in the “Financials – Diversified Services” category at the 2011 League of American Communications Professionals (LACP) Vision Awards and is placed among the Top 25 Sri Lankan Annual Reports for the year in review.
Lanka ORIX Finance expands foot print to North & East with new branches opened in Mannar, Mullaitivu, Nelliady, Chunnakam and Chavakachcheri.
Branches were also opened in Dehiattakandiya, Medawachchiya, Aralaganwila, Nikaweratiya, Ja Ela, Balangoda, Kekirawa and Tissamaharama.
Al-Falaah Ladies launch “Empress” the first ever discount card for ladies.
LOLC lays foundation stone for new regional office in Anuradhapura.
LOLC Micro Credit becomes the first ever Sri Lankan Micro Finance Institute to receive certification on Client Protection.
LOLC Technologies achieves ISO/IEC 20000: 2011 certification.
LOFC introduces product extensions and benefits for “Speed Draft”.
LOLC wins the first ever Gold at SLITAD People Development Award.
LOLC Insurance launches new life products.
LOLC wins accolades at the SLIBFI Awards 2013.
Al-Falaah’s Annual Report “Choice” wins Gold.
Eden Resort & Spa wins awards at CNCI Achiever Awards 2013.
LOLC, LOMC & CLC among the Top 5 Best Companies to work in Sri Lanka.
Al-Falaah Ladies launched.
BRAC & LOLC acquires Nanda Investments.
LOLC ranked among Business Today’s Top 25 Corporates for the year 2013.
LOFC & CLC ranked among LMD’s 100 Leading Listed Companies of Sri Lanka.
LOLC & CLC among the Brand Annual’s most valuable brands.
New branches were opened in Ambalantota and Matale
LOLC Technologies wins the Gold Award for Best Islamic Finance IT Solutions Provider at the 3rd consecutive Sri Lanka Islamic Banking and Finance Industry (SLIBFI) Awards.
Al-Falaah was adjudged the Islamic Finance Entity of theYear 2014 at the 4th Sri Lanka Islamic Banking and Finance Industry (SLIBFI) Awards.
At the 4th SLBFI Awards, Al-Falaah also emerged at the top for the Social Upliftment Award (CSR) category by winning Gold and a Silver award in the category for the Rising Islamic Personality of theYear 2014.
LOFC introduces“Fixed Deposit Bond” which is the first transferable term investment product introduced to the financial services sector in Sri Lanka.
LOLC Insurance holds Inaugural Sales Convention & Awards Night.
LOLC ranked among the top 20 most respected entities in Sri Lanka.
LOLC Group acquires 60% stake in Cambodian Microfinance Company,TPC.
LOLC Leisure rebranded as Browns Hotels and Resorts.
LOLC Insurance and Al-Falaah joins in partnership to introduce“Al-FalaahTakaful”.
LOLC announces record breaking production at Hingurana Sugar Factory.
LOLC wins“Silver Award”at HRP awards organised by the Human Resources Professionals Sri Lanka.
LOFC Joins LankaPay’s Electronic Fund Transfer Network.
Al-Falaah wins three accolades at the 1st IFFSA Awards, organised by UTO EduConsult and Adjudicated KPMG Sri Lanka. Al-Falaah bagged the Silver Award for the Islamic Finance Entity of the Year, Sri Lanka, Gold in the Social Upliftment Award, Sri Lanka and Gold for the Rising Islamic Finance Personality of the Year.
LOLC Group was bestowed a Silver Award at the SLITAD People Development Awards 2015.
LOLC Finance enters Kaduwela
Kandy Branch which is the first branch office of LOLC Finance moved to its very own premises.
LOLC Securities Limited won Gold and Silver awards for the Best Equity Research report at the Capital Market Awards & Forecast Dinner organised by CFA Society Sri Lanka.
LOLC is ranked among the TOP 10 Most Respected Firms in Sri Lanka.
The LOLC Finance Branch in Ambalangoda moved to a new location.
Al-Falaah Takaful Celebrates a Successful First Year
LOLC Finance connects to CEFTS (Common Electronic Fund Transfer Switch) enabling faster and reliable realtime electronic payment
BRAC Lanka Finance opens its first regional office in Matara
LOLC was placed 7th in the Business Today’s TOP 25 Edition 2014-15.
ICRA Lanka Limited, a Group Company of Moody’s Investor Services upgraded the credit rating of LOLC, LOLC Finance PLC and Commercial Leasing & Finance PLC to [SL] A with stable outlook from [SL] A- with stable outlook.
LOLC was ranked 13th among Sri Lanka’s Leading Listed Companies in the 22nd edition of the LMD 100 annual magazine.
Al Falaah, BRAC and Browns Tours moved to its new corporate office at Darley Road, Colombo 10.
The LOLC Finance City office at Union Place was relocated to T.B. Jayah Mawatha (Darley Road), Colombo 10.
Lanka ORIX Finance PLC changes name to LOLC Finance PLC
LOLC invests US $ 35 Mn in four Male Hotels
The name Thaneakea Phum (Cambodia) Ltd, was changed to LOLC Cambodia PLC.
Al-Falaah receives top recognition at the IFN Best Banks Poll global awards 2015. Al-Falaah was adjudged Runners-Up in the category of “Best Islamic Leasing Provider (Overall) 2015” at the Redmoney’s Annual Global Awards - Islamic Finance News (IFN) Best Banks Poll 2015.
3 LOLC Group Companies Receive Largest Syndicated Loan in History of Sri Lanka’s NBFI Sector.
The 2nd LOLC Vasana Super Draw, took place awarding 6 winners with brand new Fiat Linea motor cars.
The LOLC Finance Jaffna office moved into its very own premises at No. 62/40, Stanley Road, Jaffna.
The LOLC Finance City office moved to No. 481, T.B. Jayah Mawatha (Darley Road), Colombo 10.
The HR Team organised its Annual CSR project this year at the Missionaries of Charity Sisters of Mother Teresa Shanthi Nivasa, Home for the Elders in Mattakkuliya