LOLC office in Jaffna

Lanka Orix Leasing Company PLC.(LOLC), invested in establishing its own office in Jaffna recently with the Governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal laying the foundation stone for the building. Construction will be completed within a few months.

Governor Central Bank of Sri Lanka, Ajith Nivard Cabraal unveils the plaque at the LOLC office building in Jaffna. LOLC Group Managing Director, Kapila Jayawardena and Deputy Chairman Ishara Nanayakkara were also present.

LOLC has 05 branches and service centres in the Northern Province viz, Jaffna, Vavuniya, Chunnakkam, Manipai and Chawakachcheri.

The Group expects to open service points in Killinochchi, Mannar and Nillayadi soon. Its first service point, in Kandy, was opened in 1995. Since then, the LOLC network across the country has grown remarkably with total islandwide reach notching up a 100 by the end of this month.

Establishment of the new LOLC office in Jaffna will provide the Group with ample opportunities to expand its services, and to attain its long term objectives, with a mission to assist those driven by the spirit of enterprise to reach greater heights. LOLC has evolved into a premier, diversified blue chip Group through its innovative, personalised and wide-ranging solutions and is in the top 10 companies of Sri Lanka in terms of market capitalisation.

Group Managing Director LOLC, Kapila Jayawardena said, "It is with great pride that we celebrate this occasion.

We penetrated the northern territory last year when we established a branch in Jaffna. We have expanded the reach further by establishing a number of branches, Isuru Diriya Post Office Centres, Islamic Financial Services Centres, and LOLC Ran Savi Centres, covering the North and East. The region has its own rich history, both cultural and political.

We have become a part of that history.

With this new investment, we have come across an unlimited range of possibilities to explore and innovate order to better our services.

With our recent foray into the leisure sector, the Company is confident that the NorthEast region will provide ample opportunities for investment in a higher magnitude.