LOLC Finance PLC
CCSELK:LOFC.N00004.50
LKR
-0.10
(-2.17%)
ISIN
LK0392N00007
Return %
Stock
S&P 500
1Y
-22.41
14.20
3Y
-6.25
81.12
5Y
-54.08
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- D.M.D. Krishan Thilakaratne
- Full Time Employees
- 5,468
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- Colombo Sri Lanka
- IPO Date
- Jul 4, 2011
- Website
- lolcfinance.com
- Similar Companies
- Business
- LOLC Finance PLC is a Sri Lanka-based non-banking financial institution that provides a comprehensive portfolio of financial and digital banking solutions to retail, micro, small and medium-sized enterprise (MSME), and corporate customers. Operating as a principal subsidiary of LOLC Holdings PLC, the company was incorporated in 2001 as Lanka ORIX Finance Company Limited, listed on the Colombo Stock Exchange in 2011, and rebranded to LOLC Finance PLC in 2015, with its corporate headquarters located in Rajagiriya, Sri Lanka. The company operates through an extensive nationwide branch network and an integrated digital infrastructure, segmenting its core offerings into term and savings deposit products, including conventional fixed deposits, high-yield senior citizen savings schemes, and multi-currency foreign deposit accounts; asset-backed financing and lending solutions, comprising automotive vehicle leasing, commercial equipment loans, working capital facilities, MSME enterprise financing, and consumer loans; pledge financing and gold loan services under the Ran Savi brand; Islamic financial services through its dedicated Al-Falaah division, delivering Shari'ah-compliant Mudharabah investments, Murabaha trade and import financing, Ijarah leasing, Diminishing Musharakah property financing, and Shari'ah-compliant payment cards; and digital fintech solutions anchored by the proprietary iPay mobile payment super app, which facilitates LankaQR transactions, merchant acquiring, online payment gateways, utility settlement, and GovPay public payment processing. In recent major corporate and operational developments, the company finalized a landmark amalgamation with sister entity Commercial Leasing and Finance PLC to solidify its position as Sri Lanka's largest non-banking financial institution, executed multi-billion rupee listed debenture issuances on the Colombo Stock Exchange to support ongoing loan book growth, entered into a strategic alliance and acquired an equity stake in Australia-based TFS Global Pty Ltd to expand international payment connectivity, and continues to scale its fintech capabilities in conjunction with the broader LOLC Group global financial services network across Asia and Africa.