Mrs. Roshani Weerasekara – Head Liability Management of LOLC Finance PLC

LOLC Finance PLC continues to dominate Sri Lanka’s Non-Banking Financial Institution (NBFI) sector, boasting a remarkable deposit base exceeding Rs. 200 billion and a robust capital base of Rs. 122.34 billion as of the end of last financial year. Despite the challenging economic environment, the company’s sustained growth reflects its commitment to customer-centric solutions, financial strength, and industry-wide trust.

LOLC Finance had solidified its leadership position through four strategic mergers; further expanding its footprint and transforming into a financial powerhouse with an asset base of Rs. 377.47 billion. Holding more than 20% of the industry’s asset portfolio, LOLC Finance is now rated (SL) A Positive by Lanka Rating Agency, standing shoulder to shoulder with major banks in the country.

Mrs. Roshani Weerasekara, Head of Liability Management at LOLC Finance, commented, “Our strength lies in understanding the diverse needs of our customers. We continually innovate to provide tailored solutions that meet their financial goals. At LOLC Finance, we are committed to shaping a future that benefits both our customers and stakeholders.”

The company’s wealth management unit, serving VIP clients, has been pivotal in driving deposit growth. With an expanded network of 212 branches nationwide, LOLC Finance has extended its reach, providing greater convenience and easier access to financial services for private investors, SMEs, and personal investors across Sri Lanka.

LOLC Finance’s continuous investment in product innovation is a key differentiator. Recently, the company relaunched its minor savings account, LOLC Smart Champ, catering to children up to 18 years old. This long-term investment product encourages savings among the younger generation with competitive interest rates.

In addition, the company’s partnership with the fintech platform iPay has further boosted its digital presence, attracting both corporate and retail customers. The collaboration has paved the way for digital savings solutions, positioning LOLC Finance as a leader in digital financial services. The company has an ambitious roadmap for further digitalization, aimed at enhancing customer experience and streamlining internal processes.

LOLC Finance’s excellence and innovation have been repeatedly recognized at the prestigious Lankapay Technnovation Awards. In 2024, the company secured five gold awards, including Non-bank Financial Institution of the Year in Financial Inclusivity, Best Mobile Application for Retail Payments via JustPay, and Excellence in Customer Convenience.

As Sri Lanka’s largest NBFI, LOLC Finance is well-positioned for continued growth and expansion. With a strong focus on innovation, resilience, and financial inclusivity, the company continues to set the benchmark for excellence in the financial services sector.

For more information on LOLC Finance’s fixed deposit rates and services, visit www.lolcfinance.com.