LOLC firmly establishes its footprint in Jaffna - 25 Oct 2010

LANKA ORIX Leasing Company PLC. (LOLC), a premier blue chip company in the country, further strengthened its footprint in the Northern region when it invested in establishing its own office at 64/40, Stanley Road, Jaffna, on the 21st of October 2010. The Governor of the Central Bank of Sri Lanka, Mr. Ajith Nivard Cabraal graced the occasion as the Chief Guest, and laid the foundation stone for the new building. Mr. Ishara Nanayakkara, Deputy Chairman of the LOLC Group and Mr. Kapila Jayawardena, Group Managing Director of LOLC were amongst the distinguished gathering. The construction of the new LOLC office in Jaffna is scheduled to be completed within the ensuing months.

At present, LOLC has a total of 05 branches and service centres in the Northern Province, namely, Jaffna, Vavuniya, Chunnakkam, Manipai and Chawakachcheri. The Group expects to open new service points in Killinochchi, Mannar and Nillayadi within the next few months to take the Northern presence to a total of 08.

The Company opened its first service point in the historic hill capital of Kandy, back in 1995. Since then, the LOLC network across the country has grown remarkably. Presently, the total island wide reach is set to complete its 100th landmark at the end of the month, adding yet another milestone to the Company’s aggressive expansion.

The establishment of the new LOLC office in Jaffna will provide the Group with ample opportunities to expand its services further, and to attain its long term objectives, with a mission to assist those driven by the spirit of enterprise to reach greater heights. LOLC has evolved into a premier, diversified blue chip Group through its innovative, personalized and wide-ranging solutions. At present, LOLC is within the top 10 Companies of Sri Lanka in terms of market capitalization.

Sharing his views, the Group Managing Director of LOLC, Mr. Kapila Jayawardena said, “It is with great pride that we celebrate this significant occasion. We penetrated the Northern territory last year when we established a single branch in Jaffna. We have expanded the reach further by establishing a number of branches, Isuru Diriya Post Office Centres, Islamic Financial Services Centres, and LOLC Ran Savi Centres, covering the North and East. The Region has its own rich history – both cultural and political. And today, we have become a part of that rich history. With this new investment, we have come across an unlimited range of possibilities to explore and innovate – all in order to better our services. With our recent foray into the leisure sector, the Company is confident that the North-East region will provide ample opportunities for investment in a higher magnitude.”

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