LOLC Factors moves to a new location

Monday, 19 November 2012 00:00 - - {{hitsCtrl.values.hits}}

LOLC Factors Ltd. (LOFAC), an associate company of the LOLC Group, recently shifted its operations to a new location at No. 504, Nawala Road, Rajagiriya.

At a formal ceremony held at the new premises, Chief Guests, LOLC Group’s Chairperson Rohini Nanayakkara; Deputy Chairman Ishara Nanayakkara; Group Managing Director/CEO Kapila Jayawardena, and Executive Director Kalsha Amarasinghe declared the new office open for business. Senior management members and staff members, together with customers were present during the ceremonial activities.

Jayawardena said: “To continue our services seamlessly amidst expanding business opportunities, we have brought our Factors operations to this location with the aim of offering an exclusive and personalised service to our valued patrons.

Our factoring business has experienced a strong upward growth over the years and we are confident it will continue into the next coming years. With a pioneering history of over 20 years behind LOLC Factors, we are now fully geared to dispense our services with a more efficient and enhanced customer care.”

LOLC Factors commenced its operations back in 1992, by becoming Sri Lanka’s first factoring company, which at the time was registered under the name Lanka ORIX Factors Ltd. (LOFAC). Following the immediate success of factoring solutions among Sri Lankan businesses, the then LOFAC (which to date has retained its former brand name LOFAC), dispensed its solutions to a growing market of customers interested in factoring and invoice discounting services.

Over the years, LOFAC diversified to offer total working capital solutions and expanded to offer innovative and personalised products and services specialising in structured working capital loans, purchase order financing and cheque discounting.