In Specialized Banking and Financial Services Sector:

LOLC wins Gold

LOLC (Lanka ORIX Leasing Company PLC) was adjudged the winner in the 'Specialized Banking and Financial Services Sector' at the recently concluded National Business Excellence Awards 2009 conducted by the National Chamber of Commerce of Sri Lanka (NCCSL).

The Group has made a significant contribution to the socio-economic development of the country at all levels and this award bears ample testimony of this. In times where recession has hit most leading global economies it is vital that businesses run efficiently and ethically and look at managing resources prudently thereby maintaining overall excellence.

This can very well be the factor that ensures the survival of a business in such tough economic times.

The LOLC Group being a Total Financial Solutions Provider offers the entire gamut of financial services to all sectors: Corporate customers, SME and Microfinance.

A leading diversified financial services Group in the country today, with a product offering ranging from Savings and Fixed Deposits, Leasing and Asset Finance, Factoring and Working Capital, Insurance Services, Pawn Broking, Shari'ah Compliant Finance, Fleet Management, Development Finance, Foreign Currency Accounts to Agro and Micro Finance, it reaches out to customers in all regions through its widespread branch network.

The focus is presently on the Eastern and Northern regions having opened new branches in Ampara and Baticaloa with Jaffna, Vavuniya and Mannar to be opened shortly, as these regional economies are being built at this current juncture and require the financial stability, dynamism and infrastructure which organizations such as LOLC will provide.

It is imperative that the private sector plays an active role and joins hands with the government in re-building the socio-economic fabric of these areas so that the country realizes the economic potential of these regional economies within the shortest possible period.