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News And Events

24/01
2023
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LOLC leapfrogs ‘going global’ for more value creation as SL battles crises

Diversified conglomerate LOLC Holdings is pursuing an aggressive but well strategised globalisation drive to enhance value creation as the home country grapples with multiple crises.

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10/01
2023
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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.

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06/01
2023
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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.

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03/01
2023
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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.

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29/11
2022
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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’.

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03/11
2022
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LOLC Finance Keeps Growing In Kandy

LOLC Finance, the largest Non-Banking Financial Institution (NBFI) in Sri Lanka further extended its footprint in Kandy through renewing another iconic location of the group acquired earlier this year as ‘LOLC Finance Kandy - City Branch’. The new branch is situated in an iconic location at the heart of Kandy city, and was declared open on the 03rd of November 2022 at No. 11, Hill Street, Kandy.

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28/10
2022
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LOLC venture into another humanitarian effort through Divi Saviya

Continuing to drive through the LOLC Divi Saviya humanitarian effort, LOLC Holdings commenced another community project focusing to fulfil the nutritional requirements of school studentsthis time, through “Daruwan Wenuwen Api”. The project was conceptualized by Matha Foundation, and was a joint launch with Ministry of Education, Sri-Jayawardenepura Kotte Divisional Secretariat and LOLC Holdings, as the core sponsor.

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16/10
2022
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LOLC General Insurance disrupts industry with first ever Lifestyle Motor Insurance Product ‘Honours’ and leads the way towards Digital Insurance transformation

LOLC General Insurance PLC (LOLC GI), one of the fastest-growing General Insurance companies in Sri Lanka is disrupting the general insurance industry by making motor insurance a lifestyle product with its unique loyalty program ‘Honours’ with rich rewards, in addition to unveiling its first ever Electronic Point-of-Sale (ePOS) - the digital policy issuance network.

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01/09
2022
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MS. NADIKA OPATHA APPOINTED AS DIRECTOR TO THE BOARD OF LOLC LIFE ASSURANCE

As announced by the LOLC Group, Ms. Nadika Opatha has been appointed to the Board of LOLC Life Assurance Ltd as an Executive Director with effect from 01st September 2022. Ms. Opatha, having joined LOLC Insurance in 2012 to setup the Bancassurance and Corporate sales operation within the company as its head, rose to the position of Head of Sales of LOLC Life Assurance company in 2017. She was recognized as the ‘Best National Sales Head’ at SLIM NASCO – National Sales Awards during 2018.

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10/10
2022
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LOLC Finance opens a new Chapter in Pudukuduirippu

LOLC Finance PLC, the largest Non-Banking Financial Institution (NBFI) in Sri Lanka has announced the opening of its newest branch recently, at Oddisuddan Road, Pudukuduirippu. The newest branch was established to meet the demands for diverse financial solutions arising from the vibrant communities of the area. LOLC Finance, Pudukuduirippu is geared to offer a superior level of financial services with a wide range of innovative and personalized solutions.

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08/10
2022
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LOLC FINANCE SIGNUP FOR A REFORESTATION AND ECO SYSTEM RESTORATION PROJECT IN DENIYAYA

Endowed with a diverse range of forest ecosystems, Sri Lanka is inherent of different topographic, climatic, bio diversities found around the country. However, the recent environmental reports signal a rapid increase of deforestation in Sri Lankan forests and a degradation of the entire eco system. The reports further identify that the catalysts of deforestation drives are mostly socio-economic in nature, and varies from land encroachment, development projects to expansion ventures.

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04/10
2022
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LOLC GENERAL AND LOLC LIFE ENTERS INTO STRATEGIC PARTNERSHIP WITH CARGILLS BANK

LOLC General Insurance PLC and LOLC Life Assurance Ltd, two of Sri Lanka’s finest and fastest growing insurers, recently entered into a strategic partnership agreement with Cargills Bank, the banking arm of the Cargills Group.

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14/09
2022
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LOLC Divi Saviya – Reaches 100 Days Humanitarian Efforts

High inflation, rising commodity prices, power shortages and a fuel crisis has had a crippling effect on the livelihoods of all Sri Lankans. As published by UNICEF, seven out of ten families in Sri Lanka are cutting down their food intake, reducing portion sizes, and eating cheaper but less nutritious food, causing a desperate need for nutrition assistance in the country.

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30/06
2022
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LOLC SAVI rewards students who excelled in grade 5 scholarship examination

LOLC SAVI recently launched an appreciation and a rewarding programme for the children of the SAVI Card holders, who performed exceptionally well at the Grade 5 Scholarship Examination 2021. Under this initiative, children of SAVI card holders who surpassed the respective cut-off marks will be rewarded.

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05/06
2022
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LOLC Group, The Multinational Conglomerate, records historic profitability

1st June 2022, Colombo: Fulfilling its ambition of being a multinational, the LOLC Group recorded an upsurge in profits by as much as 46% over the previous year to deliver a Profit before Tax of Rs. 83.8Bn and Profit After Tax of Rs. 77.8Bn for the financial year ended 31st March 2022. The Total Comprehensive Income of the Group reached Rs. 161Bn, which is unparalleled in the history of any Sri Lankan corporate entity.

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02/06
2022
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Sri Lanka’s largest NBFI, LOLC Finance poised to fuel economic resurgence

In one of the most historic mergers in Sri Lanka, LOLC Finance PLC, the largest NBFI in the country merged with its sister company, Commercial Leasing & Finance PLC (CLC), to become the largest Non-Banking Financial Institution (NBFI) in Sri Lanka earlier this year. The market capitalization of the merged LOLC Finance PLC stands at over Rs. 180Bn, placing it among the top 3 companies on the Colombo Stock Exchange by market capitalization.

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05/27
2022
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LOLC Finance introduced ‘OYES’, Making Every Day a Pay Day

LOLC Finance PLC with iPay, jointly launched ‘OYES’, a simplified platform for salary advancing. Plausibly a technology driven solution, to own and to unlock earned salaries. The latest product was launched with the utmost objective of elevating the financial requirements of the nation’s workforce whenever they aspire.

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03/05
2022
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LOLC Launches an Island-Wide Humanitarian Program

LOLC, the largest diversified conglomerate in the country has launched ‘LOLC Divi Saviya’, an island wide humanitarian relief programme in partnership with News First. A majority of the Sri Lankan population are within the communities of daily waging, agriculture, cultivations and manufacturing. Given the current economic downturn many of these workers are unable to buy raw materials or to sell their products and the people are finding it impossible to encounter sufficient day-today earnings to feed their families.

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22/04
2022
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OLC General Insurance named Best General Insurance Company of the Year

The 3rd Emerging Asia Insurance Awards 2021, recognized LOLC General Insurance PLC as the ‘Best General Insurance Company of the Year’ amongst the top Insurance companies nominated from South-East Asia.

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