Latest News and Updates on Financial Services and Investments

01/09
22

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 N...

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30/06
22

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. SAVI has originated this programme to token both the parents, and students with an appreciation through gratifying them with a gift bundle.SAVI...

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05/06
22

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. As the most diversified con...

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02/06
22

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. Thi...

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27/05
22

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. OYES will now function as a facilitator in drawing salary advances, through offering easy access with the help of a KIOSK or thro...

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03/05
22

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 imposs...

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22/04
22

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. The evaluations were done by PricewaterhouseCoopers (PwC), the multinational professional service network and the event was held ceremonially on the 30th of April 2022 in Kolkata, India. The Indian Chamber of Commerce (ICC) initiated the Emerging...