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LOLC Finance opens a new chapter in Pudukuduirippu

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LOLC Finance PLC, the largest Non-Banking Financial Institution (NBFI) in Sri Lanka has announced the opening of its newest branch recently, at Oddisuddan Road, Pudukuduirippu. The newest branch was established to meet the demands for diverse financial solutions arising from the vibrant communities of the area. LOLC Finance, Pudukuduirippu is geared to offer a superior level of financial services with a wide range of innovative and personalized solutions.

The Chief Guest, Chief Operating Officer (COO) of LOLC Finance PLC, Montini Warnakula, Regional Managers and Senior Management members along with the other staff members of LOLC Finance were present at the event. A number of customers from in and around the area also keenly took part in initiating their first transactions at the new branch.

Speaking at the ceremony Montini Warnakula said, “We understand the financial requirements of our customers well, and we offer them a diverse range of solutions. In fetching greater convenience and accessibility to the agri, fisheries, farming and SME communities of this area, we have added this new branch to our expanding footprint. The newest branch will also be dedicated to serve its communities with our high-touch customer service and cutting-edge digital technologies. We will always go beyond our ways to serve our customers efficiently whilst ensuring stability, strength and vitality of service”.

Further to the merger between Commercial Leasing and LOLC Finance, LOLC Finance have become even stronger with a total hold of 20% from the entire NBFI industry’s asset portfolio. As the prime NBFI in the country, the Company now boasts its largest outreach with a total branch network of 210 branches and an active customer base of over 600,000, with its total lending portfolio amounting to over Rs. 200 Bn, coupled with a deposit base of over Rs. 150 Bn.A diverse array of financial solutions ranging from Savings and Fixed Deposits, Microfinance, Lending Services, Gold Loan, Credit Card Facilities, Factoring and Islamic Financial Services, Digital and Online Platform Services among others can be obtained from this branch.



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Business

Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.

The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.

Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.

The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.

The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.

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CEAT Kelani retains AA+ rating for sixth year

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CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.

The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.

Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.

The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.

Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.

The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.

CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.

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Rivon Agriglobe introduces ZETOR tractors, Rover e-bikes

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Chief Guest Nalin Welgama (left) lighting the traditional oil lamp at the event

Rivon Agriglobe and Rivon Lanka, affiliated with Celogen Lanka, Assidua Technologies and Kelun Lifesciences, have introduced ZETOR and Agriglobe tractors, the Z-Tukoba power tiller and Rover electric motorcycles to the Sri Lankan market.

The new range was launched at a special event held on September 4 at the Sannasa Hotel in Dambulla, attended by more than 120 dealers from across the country.

The event was graced by Nalin Welgama as Chief Guest, together with Rishi Kumar, Managing Director; WH Roshan, Finance Director; Sadish Kumar, Director; Sumith Nandana, General Manager; Suresh Dhammika, Head of Sales; and Jayasuriya, Operations Manager.

The agricultural machinery range includes the 50-horsepower ZETOR HORTUS 50 and Agriglobe 50 tractors and the Z-Tukoba power tiller, offering what the company described as European-engineered technology for Sri Lankan farmers.

The launch also featured the recognition of Rover E-Bike dealers, highlighting the company’s efforts to expand its island-wide dealer network and promote electric mobility.

The companies said the new models would be available through their growing dealer network across Sri Lanka, providing customers with access to agricultural machinery and electric motorcycles.

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