LOLC (Lanka ORIX Leasing Company) won the first prize at FMO’s - 30 Aug 2006

LOLC (Lanka ORIX Leasing Company) won the first prize at FMO’s (Netherlands Development Bank) Asset and Liability Management (ALM) Competition 2008. This is the second year that FMO organized this competition together with DEG and in cooperation with SIMARCH training. Banks from emerging markets of 25 countries around the World were challenged to participate in an online ALM simulation. After an intense final-round of competition, LOLC emerged as the winner.
Asset and Liability Management helps financial institutions to manage the Credit Risk, Interest Risk and Liquidity Risk which is ‘inherent’ to the services they provide. It is essentially a system of matching cash inflows and out flows and thus of liquidity management. It is of paramount importance for a financial institution to meet the required cash reserve ratio and statutory liquidity ratio stipulations regularly in order to have healthy liquidity levels and not to have to purchase funds regularly.
LOLC being one of the most innovative Financial Solutions Providers in Sri Lanka has a solid track record of being the winner of many other competitions both locally and internationally. Asset & Liability Management is one of the main areas of focus and a cross functional team possessing treasury, credit management and strategy planning expertise continuously monitor it. The expert knowledge and professionalism of the staff in all areas is considered to be an important resource of the organization and the management constantly invests in training and development and also encourages them to participate in competitions of this nature in order to keep their Knowledge up to date.
The ALM competition is part of FMO's continuous investment in capacity building of the Financial Services Sector in strategic regions. Building ALM capabilities is specifically important, as it enables local banks and financial institutions to meet the needs of budding local entrepreneurs effectively. The members of the LOLC Team were Rohan Perera - Group Chief – Treasury, Sanjaya Kalidasa, Dulip Samaraweera & Maheshika Bandara.
“It was indeed a great achievement by Our Team. Especially in the present scenario where Asset and Liability Management and Credit Risk Management play an important role for the success of an Organization this attests the sound Knowledge of our staff on credit practices and risk mitigation strategies which is vital for the success of our organization” Said Mr. Kapila Jayawardena Group MD/CEO of LOLC.

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