LOLC Finance wins Gold at CEO’s Forum and Institutional Rating Awards 2025

Friday, 18 July 2025 00:06 - - {{hitsCtrl.values.hits}}

In an outstanding recognition of excellence in data integrity and operational discipline, LOLC Finance PLC was honoured with the Gold Award for Data Submission Volume: 1,000,000 and Above in the “Data Management and Compliance” category at the annual CEO’s Forum and Institutional Rating Awards Ceremony 2025 organised by the Credit Information Bureau of Sri Lanka (CRIB). The event was graced by Central Bank of Sri Lanka Governor Dr. Nandalal Weerasinghe.

This highly sought-after accolade, which evaluated nominees across both the banking and non-banking financial services sectors, stands as a testament to LOLC Finance’s unchallenged commitment to data excellence. As Sri Lanka’s largest non-banking financial institution (NBFI), LOLC Finance has successfully managed and maintained one of the industry’s most comprehensive, robust and high-quality customer data repositories, with over one million data submissions to CRIB – each adhering to rigorous standards of accuracy and timeliness.

The CRIB evaluated participants based on data volume, submission punctuality, data accuracy, and overall compliance practices. LOLC Finance’s performance exceeded expectations across all fronts, securing its position at the pinnacle of the data submission category.

Reflecting on this prestigious recognition, LOLC Finance PLC Chairman Conrad Dias stated, “This Gold Award reaffirms our relentless pursuit of excellence in data governance, which lies at the heart of responsible financial services. In a digitally evolving economy, data is not just an operational necessity—it is a strategic asset. LOLC Finance has demonstrated that scale and quality can coexist, and our systems are designed to ensure that every piece of information supports sound credit evaluation and fosters trust across the financial ecosystem. This recognition also indicative of the strength of our internal systems, our people, and a deep-rooted culture of compliance. Our steadfast commitment to CRIB’s standards reflects our understanding of how timely and accurate data shapes not just creditworthiness, but also the financial security of millions. We take pride in setting the benchmark for both volume and precision in the industry. We are also extremely grateful to CRIB Sri Lanka for organising similar initiatives that recognise and empower institutions to continuously elevate industry standards.”

Looking ahead, LOLC Finance aims to further enhance its data architecture through the integration of advanced analytics, AI-driven insights, and continuous staff upskilling in regulatory and data management disciplines. Plans are already in motion to strengthen internal protocols for real-time data updates, ensuring that every customer record remains current, compliant, and relevant – not only to support LOLC Finance’s credit decisions but also to uplift the entire industry’s credit evaluation standards.

The event took place on 6th of June 2025, at the Oak Room, Cinnamon Grand Colombo, under the theme “Data in Action – Change in Motion”.

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