22
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. The partnership focuses on strengthening both entities portfolio through offering a wider customer base, a range of best-in-class Insurance solutions comprising of protection and investment while helping further with the b...
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22
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. 100 days ago, LOLC Holdings was one of the first corporates to understand...
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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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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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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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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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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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