LOLC Finance Rs. 15 b debenture issue gets regulatory nod

Wednesday, 19 November 2025 00:25 - - {{hitsCtrl.values.hits}}

LOLC Finance yesterday said that its proposed Rs. 15 billion debenture issue has been approved by the Central Bank of Sri Lanka. The issue comprises of up to 150 million listed, rated, unsecured, senior, redeemable debentures. In September, the company said it was seeking regulatory approval for a Rs. 20 billion issue. It appears the company has now reduced the planned issue.

LOLC Finance reported a Rs. 8.8 billion after-tax-profit in the September 2025 quarter, a year-on-year growth of 106% while nine-month profit grew 72% to Rs. 14 billion.

Its total assets stood at Rs. 466 billion with a reserve of retained earnings nearing Rs. 82 billion.

According to LOLC Finance’s 2024/25 annual report, the company is laying the groundwork for growth through strategic partnerships, new products and wider distribution channels.