News

01.06.2017

LOLC dethrones JKH to become most profitable listed corporate

Lanka Orix Leasing Company (LOLC) has emerged as the most profitable listed corporate, dethroning premier blue chip JKH.

As confirmed by interim results released yesterday, the LOLC Group’s post-tax profit in the 2016/17 financial year was a mammoth Rs. 21 billion, as against that of JKH, which last week reported a figure of Rs. 18.1 billion.

LOLC’s bottom line was Rs....
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21.03.2017

Sri Lankan insurance industry yet to realise full potential

The insurance industry in Sri Lanka is still at early stage of the lifecycle despite the growth momentum in recent times. Despite low penetration, total insurance premium income over the last five years has witnessed higher growth relative to GDP growth of the country with total industry assets growing at a 14% CAGR annually. 

The industry can be segregated into Life insurance an...
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09.03.2017

LOLC buys majority stake in Cambodian microfinance firm

Daily Ft: LOLC International Ltd., a wholly-owned subsidiary of Lanka ORIX Leasing Company (LOLC), and The Bank of East Asia (BEA), have acquired a majority interest in PRASAC Microfinance Institution Ltd.

The acquisition was made from Belgian Investment Company for Developing Countries SA (BIO), Dragon Capital Group Ltd. and Nederlandse Financierings-Maatschappij voor Ontwikkeling...
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14.11.2016

LOLC’s globally recognised microfinance model ventures into Pakistan

Daily Ft: The LOLC Group on Friday inked a historic joint venture with Pak Oman Microfinance Bank Ltd., to introduce LOLC’s exceptional and globally accepted Microfinance model to the people of Pakistan.

Having observed LOLC’s uniquely effective microfinance business model and its success stories in Sri Lanka, Myanmar and Cambodia, Pak Oman Microfinance Bank Ltd. which is a joint vent...
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