LOLC Expands its operations in Ambalangoda - 07 Sep 2010

Lanka ORIX Leasing Company PLC (LOLC) – the leading total financial solutions provider in Sri Lanka – recently welcomed a new addition to its network of regional branches, when its newest branch was ceremonially opened in Ambalangoda.
Mrs. Kalsha Amarasinghe, Executive Director of the LOLC Group graced this momentous occasion as the Guest of Honour.

The existing limited operation carried out by LOLC through its Service Centre at the Lanka IOC filling station was upgraded to a branch thereby expanding the product offering to include its products such as Savings and Deposits, NRFC/RFC accounts facilities, Leasing and Loan Schemes, Factoring, Pawn brokering, Insurance services, Agro and Micro Finance to name a few.

LOLC, pioneered the concept of leasing and factoring in Sri Lanka, thereby adding a new dimension to the financial services sector at the time. It also played a vital role in developing the SME sector by providing them with finance facilities Tailor-made for their businesses. Today, LOLC has emerged a leader in providing innovative financial and non-financial solutions with multi-sectoral interests ranging from Finance, Agriculture, Trading, Construction, Fisheries, Transport, Manufacturing, Leisure, Tourism, Education, Information Technology, Power & Energy, Project Development, Real Estate, Plantations to Motor Repairs and Services.

Furthermore, LOLC entered the Microfinance sector a couple of years ago in order to uplift this sector and has made significant strides in terms of expanding its reach to all regions of the country, including the North and the East through its Isuru Diriya Centers which are set up at local post offices consequent to an agreement entered into with Sri Lanka Post. This operation has enabled LOLC’s microfinance operation to successfully reach the grass root level community and provide them with the financial support required to uplift their lives.

LOLC sees much potential in the town of Ambalangoda and is looking at playing a vital role in further developing the business community of this area.

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