LOLC Finance becomes first NBFI in Badalkumbura and relocates in Hakmana

Tuesday, 29 April 2025 04:05 - - {{hitsCtrl.values.hits}}

Ribbon cutting ceremony at Badalkumbura branch attended by LOLC Finance Chairman Conrad Dias (left) and Director/CEO Krishan Thilakaratne

LOLC Finance has further strengthened its footprint with the opening of a new branch in Badalkumbura and the relocation of its Hakmana branch, expanding its network to over 200 branches across the country.

This expansion highlights the company’s commitment to making financial services more accessible, particularly in regions with low financial literacy, limited access to formal financial institutions, and a need for structured financial guidance for individuals and businesses to thrive

The opening ceremony was attended by LOLC Finance Chairman Conrad Dias, Director/CEO Krishan Thilakaratne, Chief Operating Officer Montini Warnakula, and Head of Channels Prasanna Karandagolla alongside the Regional Manager, and respective Branch Managers.

These new branches are strategically positioned in areas with untapped economic potential. Badalkumbura, situated in the Moneragala District, is known for its flourishing cultivation industry, benefiting from ideal climate conditions. However, despite its agricultural strengths, access to financial services has remained scarce, limiting opportunities for local businesses and individuals to effectively manage their finances and expand their ventures. Hakmana, a picturesque town in the Matara District, offers a vibrant economic landscape with growing commercial activities. The presence of LOLC Finance in these locations bridges a long-standing gap in financial accessibility, bringing essential financial services and solutions closer to the people who need them most.

Performing the first transaction at new branch

Speaking at the opening ceremony, LOLC Finance Chairman Conrad Dias stated, “The opening of these branches is not just about expanding our footprint, it’s about creating real impact in communities that have been historically underserved. In regions where financial knowledge and structured access to financial solutions have been limited, we are stepping in to empower individuals, entrepreneurs, and SMEs with the right tools to manage and grow their finances. The launch of our Badalkumbura branch is particularly significant, as we are the first NBFI to establish a presence here, ensuring that the people of this area are no longer left behind. With over 200 branches now across Sri Lanka, LOLC Finance remains steadfast in its mission to integrate all Sri Lankans into a well-connected financial ecosystem, providing tailor-made solutions to meet their evolving needs. We are not just service providers; we are financial partners, here to support and guide our customers every step of the way.”

Located at No. 82, Beliatta Road, Hakmana, and Passara-Monaragala Road, Badalkumbura, these branches offer a comprehensive range of financial services, including savings and deposits, leasing, loans, card facilities, gold loans, and alternate financial solutions. As LOLC Finance continues to expand, it reaffirms its role as a catalyst for economic growth, fostering financial independence and resilience in every community it serves.

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