Lanka ORIX Finance Company Ltd. – a member of the LOLC Group- and Commercial Bank signed a trailblazer agreement to install Commercial Bank’s ATM at identified branches of the LOLC Group.

This agreement was finalized at the Commercial Bank Head Office on the 5th of January 2010, with the Deputy Chairman of the LOLC Group Mr. Ishara Nananyakkara, LOLC Group’s Managing Director/CEO Mr. Kapila Jayawardena, and Managing Director/CEO of Lanka ORIX Finance Company Ltd. Mr. Brindely de Zylva representing Lanka ORIX Finance Company Ltd.  Commercial Bank was represented by Mr. Amitha Gooneratna, its Managing Director, Mr. Sanath Bandaranayake, Deputy General Manager – Operations and Mr. Rohan Muttiah, Chief Information Officer among others.
Commercial Bank has an ATM network of over 400 spread throughout the country. The new partnership, whilst giving the opportunity for all Savings Accounts holders of Lanka ORIX Finance Company to utilize the Commercial Bank ATM network for cash withdrawals, also helps to expand the Commercial Bank ATM network for greater ease of its card holders.

Thereby, customers of both Lanka ORIX Finance Company and Commercial Bank will have the added benefit of accessing the ATM network from any location island wide.

Since commencing commercial operations in June 2003, Lanka ORIX Finance Company has created a niche for itself by becoming the fastest growing Registered Finance Company in the country which offers a range of financial services including foreign currency business such as worker remittances, and maintaining NRFC, RFC and SFIDA accounts. Lanka ORIX Finance Company is the only non-bank financial institution authorized to engage in foreign currency business. Over the years, the Company ’s product portfolio has grown tremendously to include savings accounts and fixed deposits, NRFC and RFC accounts, Islamic Financial Services, Pawning services etc. The Company has gained a firm reputation for stability, strength and efficiency of service. 

Speaking about this significant partnership, Commercial Bank Managing Director, Mr. Amitha Gooneratne said, “With this new partnership, Commercial Bank will expand its ATM network further to provide its customers greater benefits. This will be of added convenience to our customers as the new ATMs will be installed in strategic locations throughout the country.”

Also, commenting on this partnership, LOLC Group Managing Director Mr. Kapila Jayawardena said, “Savings Account holders of Lanka ORIX Finance Company will now have greater convenience through the new ATM network. We are looking at expanding our services further to offer our customers greater benefits.