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Eden Resort & Spa, a member of the LOLC Leisure Group commemorating World Tourism Day held a special academic program for faculty students of the Moragalla Junior School. This program was aimed toward educating the scholars on the advantages of selecting their careers in the tourism and hospitality trade. In addition, the lodge took the chance to donate Library Books and Computer Accessories fulfilling a a lot wanted requirement of the college. General Manager of Eden Resort & Spa, Mr. Eksath Wijeratne along with different senior managers and members of employees took half on this worthy trigger. Lanka ORIX Finance PLC opened yet one more branch last week with a variety of financial solutions such as Leasing, Savings and Deposits, Foreign Currency Business, Hire Purchase and others on provide. Premier monetary companies provider Lanka ORIX Finance PLC opened its latest department within the buzzing metropolis of Dehiwala just lately.
LOFC’s Capital Adequacy Ratio stood at 14.4% as on March 31, 2012 in comparability with 17.0% as on March 31, 2011, broadly consistent with the sector common. The opening ceremonies of the model new branches had been graced by Mr. Brindley de Zylva, Managing Director/CEO of LOFC and Mr. Ashan Nissanka, Chief Executive Branch Network along with senior management members and workers. The performance-based tradition at LOLC Life & LOLC General continues with substantial budgetary allocation each year for Human Resource training and growth functions. The LOLC Groups sustainability journey is not a mere effort to enhance its systems and operations but an effort to positively influence the processes beyond the boundaries of the corporate. The sturdy progress of the lending enterprise, propelled by the fast growth of the shopper base, was facilitated via a strong growth in the Group’s footprint, particularly within the rural sectors.
Held yearly, the SLIBFI Awards recognizes and rewards Sri Lankan Banking and Financial Institutions that contribute in course of the sustainable development of Islamic Financial Products and Services. This year’s awards ceremony was held for the third consecutive year and was participated by Mr. Shibly Aziz PC, Former Attorney General because the Chief Guest. Many other notable financial institutions too participated and had been feted for their excellence within the trade. By introducing pioneering services such because the Fixed Deposit Bond, LOFC has contributed immensely to the expansion of the NBFI sector in Sri Lanka.
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LOLC Insurance is licensed by the Insurance Board of Sri Lanka and is poised to become the largest whole insurance solutions provider within the nation, within the near future. In a short span of four years, the Company has risen amongst the highest leagues of the insurance coverage trade, notably strengthening its presence as one of the largest motor insurance providers in Sri Lanka. Commemorating this landmark syndication, the Group Managing Director of LOLC Group, Mr. Kapila Jayawardena said, We are happy to be the recipients of near 1 / 4 billion dollars by famend Development Financial Institutions around the world. These institutions think about LOLC Group as their most popular conduit in reaching their growth and business objectives. Over the years these partnerships have expanded and strengthened and contribution extends past funding. Oneshot have provided us invaluable help starting from capability building to exposure to world standards over time, which has enabled us to realize operational excellence providing the competitive edge.
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As a Group, we've taken an aggressive strategy on creating and promoting renewable power sources and reforestation. Our dedication is to create a sustainable setting whereby making an total impact on the setting we stay and operate in. Further, LOLC Al-Falaah, was also acknowledged at the Islamic Finance News, Global Poll, IFN-Best Banks Awards 2016 for the fourth consecutive yr. With over 26,000 overall votes for all categories, the worldwide Islamic finance fraternity has voted Al-Falaah, Islamic Business Unit of LOLC Finance PLC to be amongst the top of world trade giants. The recognitions obtained of the two nominated classes are Best Islamic Leasing Provider, Runner Up where LOLC Al-Falaah has moved up from third Place in 2015 and maintained the position of Best Islamic Bank Sri Lanka, Runner Up for 2016 as well. Incorporated in 1918, BEA is Hong Kongs largest impartial native financial institution, with complete consolidated property of HK$765.7 billion (US$98.7 billion) as of thirty first December, 2016.
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Offering a spread of products and services such as Leasing, Savings and Fixed Deposits, Hire Purchase, Islamic monetary services among others, Lanka ORIX Finance will help to boost the economic growth of this region by catering to the fast increasing financial requirements of a vibrant business group. The new branch will offer Savings and Deposits, Leasing and Hire Purchases, NRFC and RFC, Working Capital and Factoring, Shari’ah Compliant Islamic Financial Services, along with a spread of services and products geared in the course of offering total financial options to a growing customer base in Pelmadulla and its surrounding areas. This is a result of the Group's lending strategy to reach the SME and the Micro sectors by way of a strong presence in all areas of the nation. Lanka ORIX Finance PLC closed the year with a deposit base of Rs 25 Bn consisting of both savings and fixed deposits. LOFC is probably certainly one of the largest registered finance companies in the country, and the inflow recorded during the yr is a transparent demonstration of the continued public confidence in the Company.
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