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 and most loved financial services brands and has received accolades for customer service and digital transformation.
Finances + Ten-year financial summaryAll figures are in LKR (mns) Year Interest Income Profit from Operations Profit After Tax Total Assets Total Equity2025/26 78,74130,72227,406558,552 155,4042024/25 68,31830,79925,085429,734149,524 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 Source: Annual Report, 2025/26 (pp. 140–144)
See also List of companies listed on the Colombo Stock Exchange List of Sri Lankan public corporations by market capitalisation
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