LOLC Finance launches modern metro branch, empowering Negombo

Ribbon cutting ceremony attended by LOLC Holdings Group Managing Director Kapila Jayawardena, together with LOLC Finance Chairman Conrad Dias

LOLC Finance, the largest Non-Banking Financial Institution (NBFI) in Sri Lanka, has announced the opening of its new LOLC Finance Negombo Metro Branch, located at No. 74, Colombo Road. 

This occasion signifies a momentous milestone in the company’s journey, as it steps into its own property in Negombo, demonstrating its resolute pledge to serving this vibrant city and its communities. Maintaining their strong presence across two pivotal locations within Negombo city limits, the Metro branch now operates along the bustling Colombo-Chilaw main road, while the other continues to serve clients from the heart of the town, situated on St. Joseph’s Street.

The launch of the impressive Negombo Metro Branch further enhances the city’s appeal and economic dynamism, reflecting expansion and strengthened community connections for LOLC Finance.

LOLC Holdings PLC Group Managing Director/CEO Kapila Jayawardena, who graced the occasion as the Chief Guest, said: “We are pleased to inaugurate the LOLC Finance Negombo Metro Branch, which aligns perfectly with our strategic roadmap to enhance convenience for our valued customers. This expansion reinforcing our dedication to delivering top-notch financial solutions is poised to amplify convenience, accessibility, and prosperity, reflecting LOLC Finance’s perseverance to the city’s development and well-being.LOLC Finance PLC Chairman Conrad Dias highlighted the futuristic perspective that the new branch presents to the community: “With the Negombo Metro Branch, we are ushering in a fresh era of modern convenience for both our current and future clientele at LOLC. This facility is equipped with state-of-the-art amenities, encapsulating our keenness to providing unparalleled service to our digitally inclined customers. As we boost our digital potential and expand our boundaries, our objective remains resolute to driving regional economic progress through pioneering innovation,” Dias added.

LOLC Finance PLC Director/CEO Krishan Thilakaratne said: “LOLC Finance had presence in Negombo for over two decades. We have contributed to the progress of Negombo in numerous ways and in numerous sectors. In return, the business community and the large population of customers have placed their confidence on us by selecting LOLC Finance as their financial partner. The new spacious and convenient branch location will further enhance our commitment and service to our loyal customer segments in the area.” 

The new branch’s cutting-edge design and technology resonates LOLC Finance’s core values. This expansion harmonises with LOLC Finance’s role as an economic catalyst, nurturing local businesses and fortifying trading and export sectors. 

Boasting an impressive industry asset portfolio of 20%, valued at Rs. 354 billion as of July 2023, LOLC Finance is primed for remarkable growth. As industry pioneers, it has introduced innovative initiatives like Foreign Currency Savings accounts and SWIFT transactions in Sri Lanka, alongside the evolution of LOLC Finance iPay into a comprehensive lifestyle payment app.

Endorsed by a (SL) A (Stable) rating from LRA (Lanka Rating Agency) and licensed by the Monetary Board of the Central Bank of Sri Lanka, LOLC Finance continues to set industry standards while ensuring its customers’ financial well-being and growth prospects. The inauguration of the LOLC Finance Negombo Metro Branch underscores the company’s commitment to excellence, innovation, and community empowerment.