Business
LOLC Finance strategically relocates in Wilgamuwa and Wellawaya
LOLC Finance, the largest Non-Banking Financial Institution (NBFI) in Sri Lanka, takes pleasure in announcing the successful relocation of its two branches in Wilgamuwa and Wellawaya. These strategic relocations align with LOLC Finance’s unwavering commitment to enhancing convenience and accessibility for its esteemed clientele.
The Hettipola, Wilgamuwa branch, relocated on September 4th, 2023, marked a significant milestone. The opening ceremony witnessed the presence of
Yanik Fernando, Deputy General Manager and Regional Head of UVA of LOLC Finance PLC and Nishantha Jayasekara, Head of Gold Loan of LOLC Finance PLC, along with dignitaries from LOLC Finance and the local community.
Following the successful relocation of the Wilgamuwa branch, the newly relocated branch in Wellawaya was officially unveiled on September 5th, 2023 at No.20, Wellawaya. This branch also welcomed Yanik Fernando, alongside the prominent figures from LOLC Finance and the region, customers and staff.
Yanik Fernando, shared his insights on these recent relocations, expressing, “The unveiling of these two relocated branches reflects our ongoing dedication to supremacy, which also aligns perfectly with our strategic roadmap to enhance convenience for our valued customers. These strategically positioned branches will greatly enhance accessibility for customers in their respective areas, poised to amplify convenience, and prosperity, reflecting LOLC Finance’s perseverance to the city’s development and well-being. As we boost our digital potential and expand our boundaries, our objective remains resolute to driving regional economic progress through pioneering innovation.”
These branches, designed for customer comfort, epitomize LOLC Finance’s pledge to deliver a seamless and client-centric experience. Across its expansive network of over 230 branches nationwide, LOLC Finance remains steadfast in its mission to elevate customer satisfaction through an array of products and services fortified by modern technology and innovative solutions.
Business
Ceylinco Life agent among three global finalists for award
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.
Business
CEAT Kelani retains AA+ rating for sixth year
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.
Business
Commercial Bank leads nationwide aquatic clean-up drive
Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.
Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.
The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.
Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.
The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.
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