LOLC wins ORIX award for excellence

Monday, 21 May 2012 00:00 - - {{hitsCtrl.values.hits}}

Celebrating yet another successful financial year, the LOLC Group was bestowed with the prestigious Prize for ‘Excellent Performance in the Overseas Operations Category’ for FY 2012 ended March 31 by the ORIX Corporation of Japan. This annual award scheme recognises exceptional sections and group companies of the ORIX global network at home and overseas for their outstanding financial performance and achievements.

During the last financial year, the LOLC Group was bestowed with the coveted ‘Most Outstanding Financial Performer 2010/11’ award.

In his congratulatory note to the LOLC Group, ORIX Corporation of Japan President and COO Makoto Inoue has lauded LOLC’s strong leadership. “This prize speaks of your success in achieving missions and goals as well as the sales results of your financial products…the Company has registered strong performance throughout the fiscal year, and everyone at LOLC is to be applauded for a team effort. We are very proud of your accomplishments and look forward to seeing LOLC build on its momentum,” he said.

Commenting on this significant achievement LOLC Group Managing Director/CEO Kapila Jayawardena said, “We are extremely proud to have been recognised by the ORIX Corporation of Japan. This award itself speaks of the consistent strength and stability that LOLC has showcased over the years. It is a significant accomplishment for the LOLC Group and more importantly for the LOLC family, comprising of a strong management team and committed Members of Staff. As an integral institution within the ORIX network, we are thankful for the support given by ORIX Corporation of Japan for their continued faith and recognition of our efforts.”

The ORIX Corporation of Japan was established in 1964 in Osaka, Japan. Since its inception, ORIX has shown its strength in financial innovation, agility and growth strategy, and has business interests in operating and financing leases, low margin businesses, auto and equipment leasing, insurance, corporate rehabilitation, loan servicing, real-estate and other specialised finance, investments, retail banking and value-added services. The ORIX Corporation of Japan is currently the largest shareholder of LOLC and was instrumental in forming LOLC over 30 years ago.