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Milestones

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2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2011
2010
2008
2007
2001
1999
1992
1980
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2022

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    Commercial Leasing and Finance PLC acquired Sinhaputhra Finance PLC

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    LOLC Finance PLC amalgamated with Commercial Leasing and Finance PLC

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

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

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    Acquired controlling stake in Yambukai Finance in Zimbabwe

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    Acquired controlling stake in ABN Microfinance in Kyrgyzstan

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    Acquired Radisson Blu, a 100-roomed hotel in Mauritius

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

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    Acquisition of Udupussellawa and Hapugastenne plantations

2021

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    Partners with CHEC for the investment in the Colombo Port City

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    Received regulatory approval to commence Serendib microinsurance in Cambodia

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    Acquisition of Fazo-S in Tajikistan

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    Acquisition of Karat (LLC LTMKh and LLCTMKhL) in Tajikistan

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

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    Acquisition of controlling stake in Tujijenge Tanzania Limited in Tanzania

2020

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

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

2019

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

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

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

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

2018

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

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    Ceylon Graphene Technologies (Pvt) Ltd was incorporated

2017

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

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    LOLC Micro Credit merged with LOLC Finance PLC

2016

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

2015

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    Maiden investment in Maldives leisure sector to construct Nasandhura Palace Hotel

2014

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

2013

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

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

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

2011

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    LOLC transitions to a holding company by relinquishing the leasing license

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

2010

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

2008

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    Incorporation of LOLC Micro Credit Limited in partnership with FMO

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    Incorporation of Browns Investments PLC

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    Acquisition of Commercial Leasing & Finance PLC

2007

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

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

2001

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    Incorporation of LOLC Finance PLC

1999

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    Entered into insurance industry through subsidiary, Lanka Orix Insurance Brokers

1992

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

1980

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    Incorporation of LOLC Holdings PLC