LOLC Factors moves to a new location - 14 Nov 2012

LOLC Factors Ltd (LOFAC), an associate company of the LOLC Group recently shifted its operations to a new location at No. 504, Nawala Road, Rajagiriya. At a formal ceremony held at the new premises, Chief Guests, LOLC Group’s Chairperson, Mrs. Rohini Nanayakkara; Deputy Chairman, Mr. Ishara Nanayakkara; Group Managing Director/CEO, Mr. Kapila Jayawardena and Executive Director, Mrs. Kalsha Amarasinghe declared the new office, open for business. Senior Management members and staff members, together with customers were present during the ceremonial activities.

Commenting, Mr. Kapila Jayawardena, Group Managing Director/CEO said, “To continue our services seamlessly amidst expanding business opportunities, we have brought our Factors operations to this location with the aim of offering an exclusive and personalized service to our valued patrons. Our factoring business has experienced a strong upward growth over the years and we are confident it will continue into the next coming years. With a pioneering history of over 20 years behind LOLC Factors, we are now fully geared to dispense our services with a more efficient and enhanced customer care.”

LOLC Factors Ltd commenced its operations back in 1992, by becoming Sri Lanka’s first factoring company, which at the time was registered under the name Lanka ORIX Factors Ltd (LOFAC). Following the immediate success of factoring solutions among Sri Lankan businesses, the then LOFAC (which to date has retained its former brand name LOFAC), dispensed its solutions to a growing market of customers interested in Factoring and Invoice Discounting services. Over the years, LOFAC diversified to offer total working capital solutions and expanded to offer innovative and personalized products and services specializing in Structured Working Capital Loans, Purchase Order Financing and Cheque Discounting.




(Image on the left) Group Managing Director/CEO of the LOLC Group, Mr. Kapila Jayawardena speaking at the opening ceremony of the new LOLC Factors office at Nawala. (Image on the right) LOLC Group’s Chairperson, Mrs. Rohini Nanayakkara; Deputy Chairman, Mr. Ishara Nanayakkara; Group Managing Director/CEO, Mr. Kapila Jayawardena and Executive Director, Mrs. Kalsha Amarasinghe (not seen in the picture) officially declaring the new LOLC Factors office, open for business.
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