Mr. Montini Warnakula, Chief Operating Officer of LOLC Finance PLC and Mr. Shiraz Refai, Head of Alternate Financial Services of LOLC Finance PLC accepting the CPM Awards.

LOLC Finance PLC, the leading Non-Banking Financial Institution (NBFI) in Sri Lanka wins three prestigious awards at the Best Management Practices Company Award, 2023. These include the Overall Silver Award in Best Management Practices, Finance Category Winner Award, and the Award for Excellence in Best Management Practices.

The Institute of Chartered Professional Managers (CPM) of Sri Lanka holds The Best Management Practices Company Awards to celebrate the growth and accomplishments of organizations, within both the public and private sectors of Sri Lanka. These awards recognize companies that have exhibited exceptional leadership, policies and strategies, people management, partnerships, resources, processes, and performances in managing their businesses during the financial year 2022. The prestigious awarding ceremony was held at the Cinnamon Grand, Colombo, on March 16, 2023.

Commenting on the achievement, LOLC Finance, Chief Operations Officer, Mr. Montini Warnakula said, “We are thrilled to receive this award. Winning it boosts the confidence of the company in enabling us to showcase our professionalism within the business community. This recognition is a result of our relentless focus on delivering innovative financial solutions and providing exceptional service to our customers. This award also offers a unique platform for our management team to re-evaluate and to test themselves against our existing management practices in standardizing, rebooting, reimagining and redesigning our game plans. LOLC Finance’s commitment to excellence and its innovative approach has enabled the institution to expand its customer base and offer a comprehensive range of financial products and services. The company’s sustained growth and success are a testament to the institution’s leadership, management practices, and commitment to excellence”.

LOLC Finance’s achievement in winning the overall silver award is a reflection of the institution’s leadership, dedication to excellence, and commitment to delivering innovative financial solutions that meet the needs of its customers.

LOLC Finance now boasts its largest outreach with a total branch network of 210 branches and an active customer base of over 600,000, with its total lending portfolio amounting to over Rs. 200 Bn, coupled with a deposit base of over Rs.150 Bn”. LOLC Finance also offers iPay and LOLC Real Time, together with its own series of Credit Cards and its own Online and Mobile Banking Services. LOLC Finance also presents an entire range of Lending and Deposit products that an NBFI can offer to its customers.