LOLC Finance
| LOLC Finance PLC | |
|---|---|
 Logo of LOLC Finance | |
| Type | Public |
| |
| ISIN | LK0392N00007 |
| Industry | Financial services |
| Founded | December 13, 2001 |
| Headquarters | , Sri Lanka |
Number of locations | 219 (2023) |
| Key people |
|
| Revenue |  LKR69.027 billion (2023) |
| LKR20.312 billion (2023) | |
 LKR15.393 billion (2023) | |
| Total assets | LKR360.848 billion (2023) |
| Total equity | LKR100.808 billion (2023) |
Number of employees | 4,273 (2023) |
| Parent | LOLC Ceylon Holdings PLC |
| Website | www |
| Footnotes | |
LOLC Finance PLC is a non-banking financial company based in Sri Lanka and a subsidiary of LOLC Holdings PLC. Established in 2001, the company has grown to become one of the largest non-banking financial institutions (NBFIs) in the country, offering a wide range of financial services including savings, deposits, loans, and alternate financial solutions.
The company is listed on the Colombo Stock Exchange and is ranked among Sri Lanka's leading listed entities in LMD 100. As of 2025, it operates a network of over 200 branches across all provinces in Sri Lanka. LOLC Finance PLC has been assigned an A+ credit rating with a stable outlook by Lanka Rating Agency Ltd. Its brand value has been estimated at over LKR 11 billion, with a corresponding AA+ brand rating.
History
LOLC Finance PLC was incorporated in 2001 as LOLC Finance Company Limited and obtained its license from the Central Bank of Sri Lanka shortly thereafter. In 2003, the company was renamed Lanka ORIX Finance Company Limited and commenced operations.
The company launched its Islamic finance window, LOLC Al-Falaah, in 2008. It was listed on the Colombo Stock Exchange on 7 July 2011. Following regulatory reforms introduced by the Central Bank of Sri Lanka in 2014 aimed at consolidating the financial sector, the LOLC Group initiated restructuring measures.
In 2015, the company was rebranded as LOLC Finance PLC. The proposed merger with LOLC Micro Credit Limited was completed in 2018. Subsequent consolidations included the amalgamation of Commercial Leasing & Finance PLC, Sinhaputhra Finance PLC, and LOLC Development Finance PLC, enabling the company to establish itself as the largest NBFI in Sri Lanka.
Operations
LOLC Finance PLC operates as a diversified financial services provider catering to both individual and corporate customers. The company offers services in savings and deposits, leasing, SME financing, personal finance, and alternate financial solutions.
Following its mergers and acquisitions, LOLC Finance PLC expanded its operational capacity and market presence significantly. It was ranked 32nd in the LMD 100 list of leading listed companies in Sri Lanka for 2024/25. According to Brand Finance, the company is among Sri Lanka's most valuable financial services brands and ranked first within its sector in 2025.
Products and Services
LOLC Finance PLC provides a wide range of financial products and services across several categories.
Savings and Deposits
- Savings accounts, including general, children's, senior citizen, and specialized accounts.
- Fixed deposits.
- Foreign currency accounts for resident and non-residents.
SME and Business Services
- Leasing and vehicle financing.
- Three-wheel, motorbike, and agricultural equipment financing.
- Property loans for residential and commercial purposes.
- Green financing solutions.
- Loans secured against fixed deposits.
Alternate Financial Services
Through its Islamic finance unit, LOLC Al-Falaah, the company offers Shariah-compliant financial products, including:
- Investment products (Mudharabah, Wakalah).
- Personal Finance (Tawarruq)
- Leasing (Ijarah).
- Trade and import financing.
- Property and project financing.
- Working capital financing.
Personal Financial Services
- Housing loans.
- Business development loans.
- Group loans.
Cards
- ATM debit cards.
- A range of credit cards under the Mastercard and Visa
Digital Services
LOLC Finance PLC has introduced several digital platforms to enhance customer convenience and promote financial inclusion.
iPay
iPay is a digital platform enabling users to conduct a wide range of transactions, including merchant payments, fund transfers, bill payments, and government payments. The platform has achieved significant adoption, with over one million downloads and a substantial share of Sri Lanka's JustPay transactions.
iPay Business extends these capabilities to SMEs, offering digital payment acceptance, online payment gateways, and business management tools.
LOLC Real Time
LOLC Real Time is a mobile and internet banking platform that allows customers to perform fund transfers via CEFT and SLIPs, pay bills, and manage savings accounts.
Environmental, Social, and Governance (ESG)
LOLC Finance PLC has integrated multiple environmental, social and governance (ESG) principles into its business operations, focusing on sustainability, community engagement, and responsible governance.
Environmental Initiatives
The company has undertaken multiple environmental programs, including:
- ISO 14064-1 greenhouse gas (GHG) verification for four consecutive years.
- Reforestation projects, including a large-scale initiative in Deniyaya involving over 20,000 trees.
- Mangrove ecosystem restoration projects.
- Waste reduction and environmental audits aligned with ISO 14001 standards.
Social Impact
The organization conducts island-wide financial literacy programs targeting small and medium-sized enterprises (SMEs), aiming to enhance entrepreneurship and financial management skills.
Through its corporate social responsibility initiatives, such as LOLC Divi Saviya, the company has supported disaster relief efforts, education, healthcare, and access to clean water in underserved communities.
Awards and Recognitions
LOLC Finance PLC has received numerous awards for its performance in digital innovation, financial services, and sustainability. These include multiple recognitions at the LankaPay Technnovation Awards, SLIBFI Awards, IFFSA Awards, and National Business Excellence Awards.
The company has also been recognized as one of Sri Lanka's most valuable financial services brands and has received awards for customer service and digital transformation.
Finances
| Year | Interest Income | Profit from Operations | Profit After Tax | Total Assets | Total Equity |
|---|---|---|---|---|---|
| 2025/26 | 78,741 | 30,722 | 27,406 | 558,552 | 155,404 |
| 2024/25 | 68,318 | 30,799 | 25,085 | 429,734 | 149,524 |
| 2023/24 | 69,027 | 20,312 | 15,393 | 360,848 | 100,808 |
| 2022/23 | 30,570 | 19,580 | 16,951 | 311,567 | 83,553 |
| 2021/22 | 33,762 | 5,053 | 4,366 | 170,109 | 35,889 |
| 2020/21 | 38,082 | 4,772 | 3,780 | 170,225 | 31,290 |
| 2019/20 | 42,663 | 8,497 | 5,963 | 211,035 | 22,767 |
| 2018/19 | 23,818 | 2,434 | 2,201 | 211,114 | 17,106 |
| 2017/18 | 18,450 | 2,541 | 1,587 | 122,623 | 11,026 |
| 2016/17 | 18,490 | 2,296 | 1,427 | 110,385 | 9,198 |
See also
References
- 1 2 "Annual Report 2022/23" (PDF). cse.lk. LOLC Finance PLC. Retrieved 24 September 2023.
- ↑ "LOLC Finance Annual Report 2025/26" (PDF). Rajagiriya, Sri Lanka: LOLC Finance PLC. August 2026. pp. 140–144.
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