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LOLC Life Assurance Signs Strategic MOU with SMIB to Strengthen Bancassurance Services
LOLC Life Assurance, a fully owned subsidiary of LOLC Holdings, has entered into a strategic partnership with the State Mortgage and Investment Bank (SMIB), one of the longest standing banks in Sri Lanka, to offer life endowment insurance solutions through its bancassurance channel. With ownership of the most extensive bancassurance channel in Sri Lanka’s insurance industry, LOLC Life Assurance aims to provide SMIB customers across Colombo and it...
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LOLC Finance Wins Gold at CEO’s Forum and Institutional Rating Awards 2025
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 Dr. Nandalal Weerasinghe, Governor of the Central Ban...
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LOLC FINANCE UNVEILS 'ZERO WASTE TO LANDFILL' ROADMAP ON WORLD ENVIRONMENTDAY
LOLC Finance celebrated World Environment Day on 05th of June 2025 at its office premises located in Bambalapitiya, uniting representatives from 22 regional branches in a concerted effort to confront the growing threat of plastic pollution. Anchored to this year’s global theme, “Ending Plastic Pollution,” the event served as a platform for LOLC Finance to reinforce its internal sustainability mandate, with an ambitious goal to achieve “Zero Waste...
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LOLC AL-FALAAH WADI’AH GOLD STORAGE FACILITY HITS RS. 3 BN MILESTONE
LOLC Al-Falaah, the Alternate Financial Services unit of LOLC Finance PLC, became the first Non-Banking Financial Institution (NBFI) in the country to launch the ‘Wadi’ah Gold Storage Facility’, offering alternative features to address conventional gold loan offerings. Driven by consistent and progressive growth, Wadi’ah has achieved a remarkable milestone by surpassing a benevolent cash-advance portfolio exceeding Rs. 3 billion. This momentous a...
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TEA INDUSTRY'S TOP GLOBAL PRODUCER CALLS FOR CAUTION ON OVER-PRODUCTION
Browns Group has firmly established itself in the global tea industry, emerging as the largest producer of tea worldwide. Through bold strategies, international expansion and forward-thinking management, the group continues to thrive in a traditionally volatile sector. Today, Browns Plantations produces approximately 100 million kg of tea annually with around 17 million kg in Sri Lanka and 85 million kg overseas across Kenya, Tanzania, Rwanda, a...
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LOLC GROUP REPORTS RS. 41 BILLION PROFIT AND SURPASSES RS. 2 TRILLION IN TOTAL ASSETS, DRIVEN BY GLOBAL GROWTH MOMENTUM
LOLC Group has reported a profit after tax of Rs. 41 billion for the financial year 2024/25, reflecting an 89% increase over the previous year, supported by an operating profit of Rs. 48 billion. The robust performance was fueled by steady expansion in financial services, a series of strategic international acquisitions, and improving economic conditions in Sri Lanka. Now operating in over 25 countries, LOLC continues to solidify its status as S...
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LOLC FINANCE DELIVERS ITS HIGHEST PAT OF RS. 25 BILLION
• Loan portfolio surpassed Rs. 305 billion. • Deposit base exceeded Rs. 225 billion. • Net NPL stood at 4.97% LOLC Finance PLC set a new benchmark in the NBFI sector by reporting an outstanding Profit After Tax (PAT) of Rs. 25 billion for the financial year ending 31st March 2025. This marks an impressive increase from Rs. 21.5 billion recorded during the previous financial year, delivering double-digit profit growth. Surpassing a historic mi...
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