Commercial Leasing and Finance PLC acquired Sinhaputhra Finance PLC

LOLC Finance PLC amalgamated with Commercial Leasing and Finance PLC

Acquired a majority stake in Key Microfinance Bank Limited, Kenya (subsequently renamed as LOLC Kenya Microfinance Bank)

Acquired First Microfinance Company in Egypt (subsequently renamed as LOLC El-Oula Microfinance Egypt)

Acquired controlling stake in Yambukai Finance in Zimbabwe

Acquired controlling stake in ABN Microfinance in Kyrgyzstan

Acquired Radisson Blu, a 100-roomed hotel in Mauritius

Ventured into artisanal gold mining industry with the incorporation of Urumaya Resources (Pvt) Ltd in Zimbabwe 

Acquisition of Udupussellawa and Hapugastenne plantations

Partners with CHEC for the investment in the Colombo Port City

Received regulatory approval to commence Serendib microinsurance in Cambodia

Acquisition of Fazo-S in Tajikistan

Acquisition of Karat (LLC LTMKh and LLCTMKhL) in Tajikistan

Acquisition of Express Credit Limited (subsequently renamed as LOLC Finance- Malawi) in Malawi

Acquisition of controlling stake in Tujijenge Tanzania Limited in Tanzania

LOLC Finance Zambia Limited, LOLC’s green-field MSME operation in Zambia commenced operations

Divested LOLC’s 70% stake in PRASAC Cambodia to Kookmin Bank

Acquired a controlling stake in Inter Asia Development Bank (subsequently renamed as LOLC Bank Philippines) in Philippines

Acquired a majority stake in Alaylayasa kaunlaran (subsequently renamed as LOLC Finance Philippines) in Philippines

Maiden investment in the African region through the acquisition of a controlling stake in Fina Trust Microfinance Bank in Nigeria

Invested in Sunbird Bioenergy Limited, an agro-based company in Sierra Leone
 

Commenced operations in Indonesia by acquiring controlling stake of PT Sarana Sumut Ventura (subsequently renamed as PT LOLC Ventura Indonesia)

Ceylon Graphene Technologies (Pvt) Ltd was incorporated

Expanded operations into Pakistan through the acquisition of a majority stake in Pak Oman Microfinance Bank Limited (subsequently renamed as LOLC Microfinance Bank- Pakistan)

LOLC Micro Credit merged with LOLC Finance PLC

Commissioning of Saga Solar Power (Private) Limited, the country’s first utility scale solar power plant

Maiden investment in Maldives leisure sector to construct Nasandhura Palace Hotel

Acquisition of controlling interest in Thaneakea Phum – Cambodia (subsequently renamed as LOLC Cambodia PLC)

Incorporation of LOLC Myanmar Micro Finance Company Limited; LOLC’s green-field micro finance operation in Myanmar 

Acquisition of Nanda Investments by BRAC International and LOLC to form BRAC Lanka Finance PLC

Acquisition of Green Paradise Resort (subsequently renamed as Paradise Dambulla) 

LOLC transitions to a holding company by relinquishing the leasing license

Incorporation of LOLC Insurance Company Limited, composite insurer carrying out both life and general insurance

LOLC diversified into the leisure sector by acquiring Eden Resort & Spa, Riverina Resorts and Club Palm Garden

Incorporation of LOLC Micro Credit Limited in partnership with FMO

Incorporation of Browns Investments PLC

Acquisition of Commercial Leasing & Finance PLC

Maiden overseas expansion to Cambodia by taking a 18% stake in PRASAC with FMO, BIO, Oikocredit, Dragon Capital & PSCo being the other shareholders 

Signed a public private partnership with the Sri Lankan Government to operate Gal Oya Plantations

Incorporation of LOLC Finance PLC

Entered into insurance industry through subsidiary, Lanka Orix Insurance Brokers

Launched LOLC’s first subsidiary- LOLC Factors Limited, in collaboration with IFC

Incorporation of LOLC Holdings PLC