Activity

At this review assembly, LOLC Al–Falaah was lauded for its commitment to Shari’ah compliance, and the progress it had made as an industry’s trend setting Islamic monetary entity. Here, Mr. Kapila Jayawardena, Group Managing Director/CEO of LOLC is seen accepting the first “Privilege Cheque Financing” transaction from Mr. Chandima Rodrigo, the Group Director of Capital Maharaja Organization Ltd. Also in the picture is Mr. Rameez Abdullah, Finance Manager of MTV , Mr. Graham Lawrence, CEO of WCBU and Ms. ganu jaya , Chief Manager – Strategic Accounts of WCBU . The new LOLC Motors Ltd. facility is equipped to handle one hundred autos per day and is a useful complement to LOLC Group’s fleet administration companies.

• Lanka IOC is the one non-public oil company, other than the state-owned Ceylon Petroleum Corporation , to function retail gasoline stations in Sri Lanka.
• In addition, in Maturata and Pussellawa plantations, the company has invested in 02 hydro energy plants which are also registered for carbon trading.
• One of the key components for LOLC’s success in overseas sectors shall be that it is penetrating markets with large populations, in order to serve the MSME segments in those nations and assist them scale up the worth chain.
• When we met with hospital authorities, we have been informed that Mental Health Care services aren’t usually given focus beneath corporate neighborhood outreach applications.
• Rice, which is usually consumed daily, could be found at any big day, while spicy curries are favorite dishes for lunch and dinner.

LOLC Al-Falaah took residence the evening s high accolades including the Silver award for the Entity of the year, where the Gold was clinched by Meezan Bank of Pakistan and Bronze by Dubai Islamic Bank of Pakistan. Further, LOLC Al-Falaah won metals within the classes of Window/Unit of the year and CSR Project of the 12 months for which it received Gold and Silver awards respectively. The National Business Excellence Awards are held each year to award and recognise one of the best enterprise entities across 29 sectors. Over one hundred awards are offered underneath Extra-large, Large, Medium, Small and Micro and diversified industry sector categories, and over the previous 14 years, the NBEA has gained super prestige. Aimed at selling a savings tradition, the ‘LOLC Finance Savings Cash Collection’ service is a handy choice that reduces the risk of carrying and maintaining cash as well as not having to undergo the effort of travelling to a branch. Friendly and skilled cash collection officers have been deployed to execute the service in an efficient manner.

Culture Of Sri Lanka

In addition, all savings account holders of Lanka ORIX Finance Company have entry to the Maestro community. Nearing a decade of expertise in the non-bank financial sector, Lanka ORIX Finance Company is the only RFC backed by a global financial big, the ORIX Corporation of Japan – the only largest leasing firm on the planet and the second largest in Japan. Furthermore, Lanka ORIX Finance Company is the one non-bank monetary institution authorized by the Central Bank of Sri Lanka to engage in international foreign money enterprise. The Group Managing Director, Mr. Kapila Jayawardena said that the upgrade of LOLCs credit standing displays the trust and confidence placed on the group by the public as a premier monetary providers provider in the nation. With a huge selection of product choices ranging from microfinance, leasing working capital finance and Islamic finance the LOLC Group is within the forefront of providing access to finance. LOLC Finance PLC has the biggest deposit base amongst non-bank monetary institutions and LOFC and Commercial Leasing and Finance makes use of leading edge technological innovation to enhance customer expertise being the one non-bank financial establishments allowing real time digital fund transferring using CEFTS.

Credits

Guests at The Calm Resort can take a stroll on one of the world s longest stretches of shallow shoreline, and take part in thrilling water sports activities or go to a spread of local sights situated mere hours away from the property. The Paradise Resort & Spa in Dambulla is a lavish fusion of native heritage as it’s enchantingly positioned deep inside the nation s cultural triangle. This yr, The Paradise Resort & Spa too is beautifully decked, including much magic and splendour to the festive season forward. LOLC General Insurance joined arms with Mydeal.lk to supply personal Accident Insurance through the Mydeal platform. LOLC Life Assurance believes that her appointment comes at an opportune time contemplating the growth LOLC Life has been experiencing over the recent past. She labored from 2003 to 2011 at RBC the place she garnered much of her worldwide expertise and exposure in Bancassurance and senior insurance positions.

The decrease rate of interest setting prevalent in the nation in the course of the present financial 12 months, and the USD and Euro denominated long run financing that LOLC and its subsidiaries secured via bilateral and multilateral funding partners contributed in the direction of the discount in value of funds. Located at No 153/C, Matale Road, Kudugala, Akurana, the new department will serve clients with Shari’ah compliant financial companies within the likes of Mudharabah (Profit – Sharing Investments and Savings), Ijarah , Murabaha and Diminishing Musharakah (Property/Project Financing). The LOLC Group intends to concern further listed debentures by way of its financial companies subsidiaries within the close to future to reinforce growth of the Group’s lending portfolio. The Group’s total lending portfolio, consisting of leases, loans, rent purchases, factoring and pawning, grew by 67%, from Rs. 35.1 Bn to Rs. 58.four Bn during the financial yr ended March 2011.

Air Pollution In Sri Lanka: Real

LOLC Finance is the flagship finance firm of the LOLC Group, that gives fastidiously tailored monetary options to a diverse buyer base ranging from grass root degree entrepreneurs to multinational organisations. Its portfolio of services embody the maintenance of Savings and Term Deposit Accounts in Sri Lankan Rupees and Foreign Currency, Inward Worker Remittance, Money Changing, Issue of Visa Debit Card, Islamic Financing, Auto and SME Finance, Working Capital and Foreign Currency business. The Netherlands Development Finance Company is the international development financial institution of the Netherlands and so they make investments danger capital in corporations and monetary establishments in growing international locations. FMO’s funding portfolio is about EUR three.4 billion and it is likely considered one of the largest bilateral improvement banks worldwide. FMO is prepared to take risks which commercial financiers are not – or not but prepared to take due to their sturdy relationship with the Dutch government.

LOLC Securities Ltd., the stock broking firm of the LOLC Group, was formally launched at a ceremony held in Colombo final week. With a powerful dedication to lowering its carbon footprint, Fiat’s personal progressive ‘Air applied sciences’ model has enabled its vehicles to report the lowest level of CO2 emissions out of top motor vehicles offered in Europe for the fourth time in a row last year. This is indicative of Fiat’s acutely aware efforts to supply worth added services to its global automobile customers. Speed Italia – the authorized distributor of Fiat cars re-introduced the Fiat brand to the Sri Lankan vehicle market just lately.

We have constructed a tremendous rapport with the people of the community and so of their hour of want we wished to do something very helpful. Hence, we organized this special schooling seminar especially for them, with Mr. Wasantha de Silva’s guidance. Managing Director and CEO of Lanka ORIX Finance Company Ltd , Mr. Brindley de Zylva; CEO of the LOLC Al-Falaah Islamic Business Unit Mr. Krishan Thilakaratna; Head of Regional Branch Network Mr. Ashan Nissanka and Manager of LOLC Al-Falaah Head Office Mr. Shiraz Refai graced the occasion as Chief Guests of the new IBU Centre opening ceremony.