LOLC Completes 108 - 31 Dec 2010

Two cities – one famed for the continuity of the age-old art of rubber tapping and the other nourished by the rich heritage of the Seethawaka kingdom – welcomed a highly diversified conglomerate recently.

The fast expanding branch network of the LOLC Group recently extended its foot print to offer a range of financial services to the people of Mathugama and Avissawella. With the two new branch openings, the total reach of the Group has now topped the 108th mark, signifying a major achievement for the Group this year.

The new branches are fully furnished and staffed with a team of highly skilled professionals to cater to a diverse range of financial requirements. These include Micro and Agro Financial Services, Savings and Deposits, Leasing and Hire Purchases, Pawning Services, NRFC and RFC, Working Capital and Factoring, Shari’ah Compliant Islamic Financial Services, Insurance, Stock Brokering, and Fleet Management among others.

Commenting on the journey thus far, LOLC’s Chief Officer Branch Network, Mr. Ashan Nissanka said, “107th and 108th new branches opened in Mathugama and Avissawella herald in a new era of fast-paced aggressive expansion phase for us. With more branches set to be opened in the coming months, we are looking at completing a target of 115 before the end of March 2011. Our customers are given the opportunity to engage in any type of financial transaction from any of our branches located throughout the country.”

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