Latest News and Updates on Financial Services and Investments

08/02
23

LOLC in epochal mission to support education of school children

The LOLC group commenced the ‘Divi Saviya’ programme to carry out a meaningful mission for the needy people of the nation, who were severely affected by the economic recession that brought the country into a crisis, with the global epidemic. The launch was marked with the theme ‘Jeewithaya Dinanata’ (To Win Life). The humanitarian mission was spread to the 10 corners of the country, targeting the people who looked at life indifferently, with inc...

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08/02
23

LOLC Insurance and Pan Asia together reward the top Bancassurance performers

LOLC General Insurance PLC and LOLC Life Assurance Ltd, two of Sri Lanka’s finest and fastest growing Insurance companies, together with Pan Asia Bank which is one of the leading commercial banks in Sri Lankan banking industry, jointly held a felicitation ceremony to reward the top performers of Bancassurance. The ceremony was graced by Mr. Naleen Edirisinghe, CEO Designate, Pan Asia Bank, Mr. Kithsiri Gunawardena, Director/CEO of LOLC General...

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05/02
23

The world’s most global inclusive finance platform originating from Sri Lanka is transforming global communities

Success didn’t happen overnight for U Thant Zin, nor did it come easily. U Thant Zin is a paddy farmer in Auglan, Myanmar. For smallholder farmers like him, the lack of collateral and expertise in the agricultural sector remain significant barriers to obtaining financing. Defying the odds, LOLC Myanmar lent an agricultural loan to U Thant Zin amounting to US$ 670 in 2019. Currently, he is the proud owner of a 10-acre paddy field owing to hard wor...

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10/01
23

LOLC Al-Falaah secures ‘Best Islamic Leasing Provider - Global’ for the third consecutive year at IFN Awards 2022

Reaffirming its status as the most adorned Alternate Financial services brand in Sri Lanka, LOLC Al-Falaah emerged as the Best Islamic Leasing Provider, once again, in the annual Islamic Finance News-Non Banking Financial Institution (IFNNBFI) Global Polls for 2022. LOLC Al-Falaah has brought glory to the organization by retaining this prestigious IFN-NBFI award for the 3rd consecutive year. Maintaining consistency in its compliance, innovation...

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06/01
23

Gal Oya - The critical pillar of social upliftment in Ampara

Looking at the thriving and prosperous Gal Oya sugarcane farmer community today, it is hard to believe that they were in despair due to the shutdown of the Hingurana Sugar Factory in 1997, as they depended entirely on the sugar factory for buying their sugarcane harvest. Although the factory had been abandoned for over a decade, the Browns Group evinced an interest in reviving the erstwhile Hingurana Sugar Factory. Now known as Gal Oya Plantation...

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03/01
23

Gal Oya Plantations - A Role-Model for Profitable Public-Private Partnerships

At a time when enhancing profitability of public enterprises is an urgent need to boost the national economy of Sri Lanka, the revival and turnaround of Gal Oya Plantations (formerly known as Hingurana Sugar factory) by LOLC is an embodiment of how the nation’s assets can be enhanced through professionalism and expertise by the private sector. Underperforming state enterprises are a drain on state coffers as has been seen only once too often. How...

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29/11
22

LOLC Finance reintroduce its latest branch in Kiribathgoda

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. Kris...