LOLC Finance expands to Dankotuwa and Wattegama

LOLC Finance PLC, a leading Non-Banking Financial Institution (NBFI) in Sri Lanka, has announced the opening of two branches in Dankotuwa and Wattegama.

These branches, located at Nattandiya Road, Dankotuwa, and Kandy Road, Wattegama, further establish LOLC Finance’s commitment to providing accessible and innovative financial solutions across the nation.

Krishan Thilakaratne makes the first transaction at the opening of the Dankotuwa Branch.  Krishan Thilakaratne makes the first transaction at the opening of the Dankotuwa Branch.

The Dankotuwa branch commenced operations on 9 December, attended by LOLC Finance Director/CEO Krishan Thilakaratne, COO Montini Warnakula, and Head of Channels Prasanna Karadagolla.

Similarly, the Wattegama branch was inaugurated on 16 December, graced by the presence of the same dignitaries, along with the participation from staff, customers and community members.

Thilakaratne stated; “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 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 prioritize 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.

As the trusted financial partner, LOLC Finance remains committed to upholding its reputation for excellence, backed by licensing from the Monetary Board of the Central Bank of Sri Lanka, which ensures compliance with stringent regulatory standards.