LOLC Finance keeps growing in Kandy

Thursday, 10 November 2022 00:53 - - {{hitsCtrl.values.hits}}

LOLC Holdings Group Managing Director Kapila Jayawardena officiates at the opening of the Kandy City Branch watched by LOLC Finance Chairman Conrad Dias and Executive Director and CEO Krishan Thilakaratne

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 3 November at No. 11, Hill Street, Kandy.

The relocation of the latest Kandy City Branch is focused at enhancing the reach of LOLC Finance to serve a wider base of customers with a greater convenience. The new branch will now cater to a larger population in Kandy and surrounding areas, while offering the customers with modern, comfortable interior space, better parking facilities, and with access to a wider range of financial solutions.

Speaking at the opening, LOLC Holdings Group Managing Director Kapila Jayawardena said: “LOLC Finance is always driven by the greater purpose of enriching and uplifting the lives of our communities as a part of our group ethos. LOLC Finance, the largest finance company in Sri Lanka with an asset base of over Rs. 300 billion, believes that financial inclusion is the key to alleviate poverty and to increase prosperity. We clearly understand our role at present, the necessity of financing crucial sectors in reviving the nation’s economy.”

LOLC Finance Chairman Conrad Dias said: “We hope to offer a better, holistic experience to all our customers in Kandy while introducing them to the digital economy we are mustering. All our new branches and solutions at LOLC Finance are now focused at this greater cause. LOLC Finance today is the most technologically advanced NBFI with its own lifestyle digital platforms providing most secured and trusted services.”

Director/CEO Krishan Thilakaratne said: “We believe our brand comes with complete substance and value that we bring to the consumer, industry, public and economy at large. The public confidence and industry stability which LOLC Finance brings to the NBFI arena is absolutely vital for the long term progress, evolution and sustainability of the entire industry.”

“The company now boasts its largest outreach with a total branch network of 210 branches and an active customer base of over 600,000, with its total lending portfolio amounting to over Rs. 200 billion, coupled with a deposit base of over Rs. 150 billion,” he added.