LOLC Finance wins Gold for Data Management Excellence at CRIB Institutional Rating Awards 2026

Representing LOLC Finance the award was accepted by Chief Operating Officer Montini Warnakula together with Chief Manager of Customer Service Operations Udula Wickramarathne

LOLC Finance PLC, has once again been recognised for its commitment to data governance, regulatory compliance, and operational excellence, securing the Gold Award for Data Management and Compliance – Data Submission Volume Category 2 at the Credit Information Bureau of Sri Lanka (CRIB) CEO’s Forum and Institutional Rating Awards 2026. 

Category 2 represents financial institutions handling an annual data submission volume of 500,000 to 1,000,000 records.

The prestigious awards ceremony was held at The Forum, Cinnamon Life at City of Dreams, recognising exceptional performance in credit information reporting and data management across Sri Lanka’s banking and non-banking financial services sectors. 

The CRIB Institutional Rating Awards are conferred following a comprehensive evaluation of financial institutions against clearly defined and measurable performance benchmarks. Institutions are assessed based on the accuracy, completeness, consistency, timeliness, and volume of credit information submitted to CRIB, together with their adherence to regulatory reporting requirements.

LOLC Finance distinguished itself through its robust governance framework, disciplined reporting culture, strong internal controls, and steadfast commitment to data integrity. The achievement reflects continuous monitoring of data quality and close collaboration across its business, operations, technology, compliance, and risk management functions, enabling the Company  to maintain high standards of regulatory reporting and information management.

Presented by the CRIB, the country’s statutory credit information authority established under the Credit Information Bureau of Sri Lanka Act, the Institutional Rating Awards are regarded as one of the financial services industry’s most respected benchmarks of excellence. Determined through objective performance assessments rather than nominations alone, these awards recognise institutions that demonstrate exceptional standards in operational excellence, regulatory compliance, and responsible financial stewardship.

LOLC Finance PLC Chief Operating Officer Montini Warnakula said: “We are deeply honoured to receive this recognition from CRIB, which serves as a strong affirmation of the integrity, discipline, and governance standards that underpin every aspect of our operations. At LOLC Finance, we recognise that the credibility of financial institutions is built on the quality, accuracy, and reliability of the information they provide. Timely and dependable credit reporting is fundamental to responsible lending, informed decision-making, and maintaining confidence across the financial ecosystem. This award reflects the collective commitment of our teams to continuously raising the bar in data excellence, strengthening our internal capabilities, and fostering a culture of accountability and continuous improvement across the organisation.”

As LOLC Finance continues its digital transformation journey, the Company said it remains committed to further strengthening its data governance and reporting capabilities through enhanced automation, advanced technologies, and continuous process optimisation. By continuously elevating its governance framework and operational standards, LOLC Finance will continue to deliver accurate, timely, and reliable credit information that supports responsible lending, strengthens stakeholder confidence, and contributes to advancing credit information standards across Sri Lanka’s financial services industry and the country’s sustainable economic growth. 

The company is rated (SL) A+ (Stable) by the Lanka Ratings Agency and operates under the license of the Monetary Board of the Central Bank of Sri Lanka.