LOLC Finance expands to Dankotuwa and Wattegama

Friday, 20 December 2024 00:00 - - {{hitsCtrl.values.hits}}

Director/CEO Krishan Thilakaratne and Chief Operating Officer Montini Warnakula attending the ribbon cutting ceremony at Wattegama Branch

Director/CEO Krishan Thilakaratne performing the first transaction at the opening of Dankotuwa branch

LOLC Finance PLC, has opened two new branches in Dankotuwa and Wattegama.

These branches, located at Nattandiya Road, Dankotuwa, and No. 73/F, Kandy Road, Wattegama, further establish LOLC Finance’s commitment to providing accessible and innovative financial solutions across the nation.

The Dankotuwa branch commenced operations with a grand opening ceremony on 9 December 2024, attended by LOLC Finance Director/CEO Krishan Thilakaratne, Chief Operating Officer Montini Warnakula, and Head of Channels Prasanna Karadagolla. Similarly, the Wattegama branch was inaugurated on 16 December 2024, graced by the presence of the same esteemed dignitaries, along with enthusiastic participation from staff, customers, and community members. Both events reflected the excitement and anticipation surrounding these milestones, reinforcing LOLC Finance’s commitment to expanding its reach and delivering exceptional financial services.

Director/CEO Krishan Thilakaratne said: “The launch of our new branches in Dankotuwa and Wattegama highlights our ongoing commitment to strengthening our presence in key regions across Sri Lanka. LOLC Finance has long been a catalyst for progress, contributing to the nation’s growth across multiple sectors. The trust and confidence placed in us by the business community and our extensive customer base affirm our position as a trusted financial partner, with pride in being the first-ever NBFI in Sri Lanka to surpass Rs. 200 billion in deposits. These new, strategically located branches will now enhance our ability to serve local communities, advancing financial inclusion and empowering them with innovative solutions. Through this expansion, we continue to prioritise accessibility, convenience, and responsiveness to the evolving financial needs of our customers while contributing to the broader economic development of the country.”

Controlling over 20% of the industry’s assets, liabilities, and equity, LOLC Finance has firmly established itself as one of Sri Lanka’s financial powerhouses on par with the leading banks. Operating in over 200 branches nationwide, the company continues to bridge financial gaps by offering flexible savings, deposit schemes, and secure Visa debit card access through an extensive ATM network.

LOLC Finance’s innovative platforms, including the LOLC Real Time online portal and iPay mobile application, have transformed digital banking, delivering unmatched convenience and security. The opening of these new branches marks another significant step in LOLC Finance’s mission to make cutting-edge financial services accessible to all Sri Lankans.